74450 Candlewood, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 3 bath
ACTIVE$620,000$1,695/sqft
Est. Value: $521,510
-15%
AboveEstimate
74450 Candlewood, Palm Desert, California 92260
3Beds
3Baths
1,695Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($521,509.84) is $98,490.16 (15%) lower than the list price ($620,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1695.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1695, other record living area = 1297.
Compared to the nearby listings
Price:$620.0K vs avg $829.0K ($-209,000)30%
Size:1,695 sqft vs avg 2,309 sqft27%
Price/sqft:$366 vs avg $37149%
More Insights
Built in 1966 (60 years old).
Condition: Built in 1966, this property is explicitly marketed as a 'fixer' requiring 'significant renovation.' The kitchen features dated cabinets, countertops, and some older appliances. All bathrooms are substantially outdated with original or very old tile, fixtures, and vanities. While structurally sound, the home needs extensive rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria.
Year Built
1966
Close
-
List price
$620K
Original List price
$620K
Price/Sqft
$366
HOA
-
Days on market
-
Sold On
-
MLS number
SB26009715
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Spacious South Palm Desert home with 3 bedrooms and 3 bathrooms offering strong upside potential. Flexible floor plan includes both a formal living room and a separate family/TV room that could serve as a guest suite or potential 4th bedroom with its own bath and private entrance. Multiple patios and a large backyard provide ample room to add a pool or create an ideal outdoor living space. Two primary-style suites feature ensuite baths and private patios. Excellent opportunity for a fixer, flip, or investment property in a desirable location close to luxury golf and tennis resorts.
J
James Wright
Listing Agent
Price History
Date
Event
Price
01/03/01
Sold
$129,500
02/27/23
Sold
$550,000
Condition Rating
Poor
Built in 1966, this property is explicitly marketed as a 'fixer' requiring 'significant renovation.' The kitchen features dated cabinets, countertops, and some older appliances. All bathrooms are substantially outdated with original or very old tile, fixtures, and vanities. While structurally sound, the home needs extensive rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1695.
Prime Location & Views: Desirable South Palm Desert location, offering proximity to luxury golf and tennis resorts, complemented by scenic mountain views.
Significant Investment Potential: Explicitly marketed as an 'excellent opportunity for a fixer, flip, or investment property' with 'strong upside potential' for value appreciation.
Flexible & Spacious Layout: Features a flexible floor plan including a formal living room and a separate family/TV room that could serve as a guest suite or potential 4th bedroom with its own bath and private entrance.
Generous Outdoor Space: Multiple patios and a large 7,405 sqft backyard provide ample room to add a pool or create a custom outdoor living environment.
Dual Primary Suites: The home includes two primary-style suites, each featuring an ensuite bath and private patio, enhancing comfort and privacy for residents or guests.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1695, other record living area = 1297.
Requires Significant Renovation: The property is presented as a 'fixer,' indicating it likely requires substantial updates and investment to modernize and maximize its full potential.
Age of Property: Built in 1966, the home is over 50 years old, suggesting potential for outdated systems, infrastructure, and finishes that may require immediate attention or future upgrades.
Lack of Existing Pool: Despite ample space for one, the property currently lacks a pool, which is a highly sought-after amenity in the Palm Desert climate and would require additional investment to install.