73216 Shadow Mountain, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$435,000$1,239/sqft
73216 Shadow Mountain, Palm Desert, California 92260
2Beds
2Baths
1,239Sqft
2,613Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Remodeled Interior: The unit has been recently remodeled, offering a modern and updated living space that reduces immediate buyer expenses.
Top Cons:
Complex Short Sale Transaction: The property is a short sale, which typically involves a lengthy, uncertain, and potentially complicated approval process with the lender, further complicated by its 'Active Under Contract' status and 'BOM subject to cancellation' history.
Compared to the nearby listings
Price:$435.0K vs avg $397.5K (+$37,500)50%
Size:1,239 sqft vs avg 1,223 sqft50%
Price/sqft:$351 vs avg $30075%
More Insights
Built in 1963 (63 years old).
Condition: Built in 1963, this unit has undergone a significant remodel, making it move-in ready. The kitchen features modern light gray cabinets, stainless steel appliances, and contemporary lighting. Bathrooms are updated with new vanities, countertops, and fixtures. New laminate/LVP flooring is consistent throughout the unit. While the underlying infrastructure is older, the visible cosmetic renovations appear to have been completed within the last 5-15 years, presenting a well-maintained and functional living space with no immediate renovation needs.
Year Built
1963
Close
-
List price
$435K
Original List price
$450K
Price/Sqft
$351
HOA
$524
Days on market
-
Sold On
-
MLS number
SR25247717
Home ConditionGood
Features
Good View: Pool
Pool
Patio
ViewPool
About this home
Lender Approved Short Sale for $480,000. BOM subject to cancellation. Remodeled unit. Typically, this Lender will take 90% of this Valuation ( not guaranteed, but probable )Short Sale subject to Lender approval of rates and terms. Nice unit has laundry in unit. Can come furnished.
F
Farhad Ilderem
Listing Agent
Condition Rating
Good
Built in 1963, this unit has undergone a significant remodel, making it move-in ready. The kitchen features modern light gray cabinets, stainless steel appliances, and contemporary lighting. Bathrooms are updated with new vanities, countertops, and fixtures. New laminate/LVP flooring is consistent throughout the unit. While the underlying infrastructure is older, the visible cosmetic renovations appear to have been completed within the last 5-15 years, presenting a well-maintained and functional living space with no immediate renovation needs.
Pros & Cons
Pros
Remodeled Interior: The unit has been recently remodeled, offering a modern and updated living space that reduces immediate buyer expenses.
Desirable Community & Location: Situated in the Shadow Mountain Fairway CC in Palm Desert, a highly sought-after golf course community known for its amenities and lifestyle.
Convenient In-Unit Laundry: The presence of in-unit laundry adds significant convenience and functionality for residents.
Attractive Pool View: The property boasts a desirable pool view, enhancing its aesthetic appeal and providing a pleasant living environment.
Furnished Option Available: The option for the unit to come furnished provides added value and convenience, particularly for second home buyers or investors.
Cons
Complex Short Sale Transaction: The property is a short sale, which typically involves a lengthy, uncertain, and potentially complicated approval process with the lender, further complicated by its 'Active Under Contract' status and 'BOM subject to cancellation' history.
Older Property Infrastructure: Built in 1963, the property's age suggests potential for older underlying systems (e.g., plumbing, electrical) that may require future maintenance or upgrades, despite recent cosmetic remodels.
High Monthly Association Fees: A substantial monthly association fee of $524.0 represents a significant recurring cost that impacts the overall affordability and cash flow for owners.