889 E Janet Circle, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
Loading property details...
Palm Springs, California 92262
This Mid-Century Alexander Home represents a strategic Value-Add Asset located in the iconic Racquet Club East subdivision. Offered at a List Price of $895,000, the property is positioned relative to a $813,550 Fair Market Value, reflecting its "as-is" status after 40 years as a rental. Despite a Fair Condition Rating, the home features critical infrastructure including a New A/C (2025), New Pool Pump (2026), and stunning Mountain Views. Proximity to Vista Del Monte Elementary and the large lot offer significant potential for forced appreciation through interior modernization. This is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 889 E Janet Circle Subject | $895,000* List Price | 3 | 2 | 1,225 | $659 | - |
A 1841 N Berne Drive Sold | $910,000 | 3 | 2 | 1,200 | $758 | 0.6 mi |
B 1351 E Gem Circle Sold | $675,000 | 3 | 2 | 1,258 | $537 | 0.2 mi |
C 488 E Laurel Circle Pending | $747,000 List Price | 3 | 2 | 1,225 | $610 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1961 Mid-Century Alexander home is sold 'as-is' after serving as a long-term rental for 40 years, which typically indicates dated interior finishes and deferred cosmetic maintenance. While the property boasts excellent infrastructure updates—including a new A/C (2025), hydro-jet sewer line (2024), and pool pump (2026)—the kitchen and bathrooms likely require modernization to meet current market standards. The combination of functional major systems and an outdated interior fits the 'fair' criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1225.
As a 1961 Alexander-built home featuring original vaulted ceilings, this property holds significant appeal for buyers seeking the classic Palm Springs architectural aesthetic.
The home includes several high-value recent and scheduled improvements, including a new A/C (2025), a hydro-jet sewer line (2024), and a new pool pump (2026), providing peace of mind regarding major systems.
Having served as a long-term rental for 40 years and being sold in 'as-is' condition, the property likely requires significant cosmetic and modernizing updates to meet current market standards.
The lack of a pool heater is a notable drawback in the Palm Springs market, as it limits the usability of the pool during the cooler winter months.
Mid-Century Alexander Built in 1961. Original Vaulted ceilings, 3 BR 1 3/4 Bath with Pool. Located on a clean Cul-de-sac and close to Markets, Shopping Center with Restaurants, Schools & Park. Close to downtown Palm Springs. Laminated Flooring plus Tile in the Kitchen & Bathrooms. Fenced yard with closed in carport with Garage Door. Beautiful view of the mountains. New Front gate in 2023, New Hydro Jet Sewer Line in 2024, New A/C in 2025, New Pool Pump in 2026, No pool heater. This property has been a Long Term Rental for 40 years and is being sold in a "AS IN" condition.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,225 | 1,909.5 | 7% |
| Lot Size | 10,019 | 9,583 | 54% |
| Price | $895.0K | $875.0K | 51% |
| Price per sq ft | $731 | $483 | 84% |
| Built year | 1961 | 1986 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 185 | 3% |
Feb 28, 2026
$895,000
Initial Listing