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9641 Siwanoy Drive, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 3 bed, 2 bath

9641 Siwanoy Drive, Desert Hot Springs, California 92240 home-pic-0
ACTIVE$355,000
9641 Siwanoy Drive, Desert Hot Springs, California 92240
3Beds
2Baths
1,696Sqft
8,276Lot
Year Built
1985
Close
-
List price
$355K
Original List price
$355K
Price/Sqft
$209
HOA
$465
Days on market
-
Sold On
-
MLS number
219129897DA
Home ConditionFair
Features
Good View: Golf Course
Patio
ViewGolf Course

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 3 Cons,6 Pros. Rank: price - $355.0K(24th), sqft - 1696(57th), beds - 3(50th), baths - 2(50th).

Great investment property!! This home comes with section 8 renters at 2800.00 a month. The renters want to stay as long as they can and have the documentation of rent. Home is three bedroom two bath. Fireplace in living room granite counters and breakfast bar. Nice courtyard with large back yard with mountain views. Don't miss this opportunity. Home is priced at exactly what needs to be sold to clear what the seller needs to walk away. Mission Lakes has HOA of 465 a month and 480 a year coming to 505 a month. HOAs include unlimited golf for two on title. Heated pools and spas tennis sport court, fitness center, pro shop and many other amenities to enjoy. Call for appointment to see. George W Azevedo 209-402-2284

Nearby schools

2/10
Painted Hills Middle School
Public,•6-8•0.9mi
3/10
Desert Hot Springs High School
Public,•9-12•1.7mi
4/10
Desert Learning Academy
Public,•K-12•11.3mi

Price History

Date
Event
Price
05/10/25
Listing
$355,000
Condition Rating
Fair
Built in 1985, this property is nearly 40 years old. While the listing mentions granite counters in the kitchen, there are no images of the kitchen or bathrooms to assess their overall condition, style, or appliance age. Visible areas of the home feature older tiled flooring and a dated ceiling fan, suggesting that while the property is maintained, it has not undergone a full, recent renovation. Major components are likely functional but show signs of being outdated, aligning with the 'Fair' condition criteria.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 = 8276, living area = 1696.
Guaranteed Rental Income: The property includes existing Section 8 tenants paying $2800/month who desire to remain, offering immediate and stable income for an investor.
Extensive Community Amenities: Mission Lakes HOA provides a wealth of amenities including unlimited golf for two, heated pools, spas, tennis courts, a sport court, fitness center, and pro shop, significantly enhancing lifestyle and property value.
Desirable Views: The property features mountain views from the large backyard and is situated within a golf course community, offering scenic appeal.
Interior Features: The home includes appealing interior features such as granite counters and a breakfast bar in the kitchen, along with a fireplace in the living room, adding modern comfort.
Generous Outdoor Space: A nice courtyard and a large backyard (8276 sqft lot) provide ample private outdoor living and entertaining areas.

Cons

High Monthly HOA Fees: The combined HOA fee of $505 per month is substantial and represents a significant ongoing cost for the owner, potentially impacting affordability.
Property Age: Built in 1985, the home is nearly 40 years old, which may lead to concerns about the condition of original systems and potential for future maintenance or renovation needs.
Limited Price Negotiation: The seller's stated pricing strategy, 'priced at exactly what needs to be sold to clear what the seller needs to walk away,' suggests minimal flexibility for negotiation, potentially deterring buyers seeking a more competitive deal.

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