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975 Alta Cresta, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 3 bath

975 Alta Cresta, Palm Springs, California 92262 home-pic-0
ACTIVE$799,000
975 Alta Cresta, Palm Springs, California 92262
4Beds
3Baths
2,517Sqft
9,583Lot

Price Vs. Estimate

The estimated value ($781,579.625) is $17,420.375 (2%) lower than the list price ($799,000). This property may be overpriced.

Key pros and cons

Top Pros:
Assumable Loan: A significant financial advantage with an assumable loan at 2.5% interest, approximately $502,000 for 30 years, offering substantial savings in the current interest rate environment.
Top Cons:
No Private Pool/Spa: Despite being in Palm Springs and described as an 'entertainer's delight,' the property lacks a private pool or spa, which is a highly sought-after amenity in this market and may limit buyer appeal.

Compared to the nearby listings

Price:$799.0K vs avg $925.0K ($-126,000)37%
Size:2,517 sqft vs avg 2,100 sqft69%
Price/sqft:$317 vs avg $49021%

More Insights

Built in 2005 (20 years old).
Condition: Built in 2005, this property has undergone extensive renovations within the last 2-3 years, including new luxury laminate flooring throughout, fresh paint, new baseboards, new sliding doors, and a new tankless water heater. The kitchen features stainless steel appliances and granite countertops, while the primary bathroom boasts dual vanities, a soaking tub, and a walk-in shower, all appearing in excellent condition. These recent updates bring the property's condition to a virtually new standard, aligning with the 'extensively renovated within 5 years' criteria for an 'excellent' score.
Year Built
2005
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$317
HOA
$160
Days on market
-
Sold On
-
MLS number
PW25138180
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

ASSUMABLE LOAN at 2.5%, approximately $502,000 for 30 years. Nestled in a serene, gated neighborhood just minutes from the vibrant heart of downtown Palm Springs, Mountain Gate's Bella Model offers 3 bedrooms and 2 baths with an attached Casita for a perfect blend of comfort, style, and convenience. The home boasts a spacious open floor plan, and the attached casita/4th bedroom/3rd bath, has its own entrance, perfect for guests or private office space. Entering the home, you immediately feel the calm, inviting energy as the view of the backyard welcomes you. An entertainers delight, with the flow of the living areas opening onto the rear patio, allowing guests to enjoy both indoor and outdoor conversations. The gas fireplace in the living area is perfect for cozy relaxation on those cooler evenings. In 2021, the home was freshly painted, new 4” baseboards added, beautiful new luxury laminate flooring throughout the living areas and bedrooms installed, offering a sleek and low-maintenance aesthetic. Two of the bedrooms and the living area offer new sliding doors installed in 2022 as well as a new tank-less water heater. The eat-in kitchen is equipped with stainless steel appliances, ample cabinetry, and a breakfast bar for casual dining. The spacious primary bedroom suite is a true retreat, complete with an en suite bathroom featuring dual vanities, a soaking tub, walk-in shower, and generous walk-in closet. Additional features of the home include a 3-car garage, an RV parking pad for your convenience, and residents enjoy access to 3 community pools, tennis courts, a basketball court, an outdoor grilling area, and a playground, making it an ideal place for both family and friends relaxation and recreation.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•1.4mi
7/10
Katherine Finchy Elementary School
Public,•K-5•2.4mi
4/10
Raymond Cree Middle School
Public,•6-8•2.1mi
6/10
Palm Springs High School
Public,•9-12•4.1mi
4/10
Desert Learning Academy
Public,•K-12•4.2mi
Condition Rating
Excellent
Built in 2005, this property has undergone extensive renovations within the last 2-3 years, including new luxury laminate flooring throughout, fresh paint, new baseboards, new sliding doors, and a new tankless water heater. The kitchen features stainless steel appliances and granite countertops, while the primary bathroom boasts dual vanities, a soaking tub, and a walk-in shower, all appearing in excellent condition. These recent updates bring the property's condition to a virtually new standard, aligning with the 'extensively renovated within 5 years' criteria for an 'excellent' score.
Pros & Cons

Pros

Assumable Loan: A significant financial advantage with an assumable loan at 2.5% interest, approximately $502,000 for 30 years, offering substantial savings in the current interest rate environment.
Versatile Layout & Casita: The property features a spacious open floor plan and an attached casita (4th bedroom/3rd bath) with its own entrance, providing excellent flexibility for guests, a private office, or multi-generational living.
Recent Upgrades & Modern Finishes: Extensive updates in 2021-2022 including fresh paint, new 4” baseboards, luxury laminate flooring, new sliding doors, and a new tankless water heater, ensuring a move-in ready condition.
Prime Gated Community & Amenities: Located in a serene, gated neighborhood minutes from downtown Palm Springs, offering security and access to extensive community amenities including 3 pools, tennis courts, basketball court, grilling area, and playground.
Ample Parking & Storage: Features a desirable 3-car garage and an RV parking pad, providing exceptional space for vehicles, storage, and recreational toys.

Cons

No Private Pool/Spa: Despite being in Palm Springs and described as an 'entertainer's delight,' the property lacks a private pool or spa, which is a highly sought-after amenity in this market and may limit buyer appeal.
Monthly HOA Fees: The property is subject to a monthly association fee of $160, which is a recurring cost that adds to the overall ownership expenses.
Limited Outdoor Living Details: While mentioning a rear patio, the description lacks specific details about the backyard's landscaping, covered outdoor living spaces, or other features beyond the basic patio, which can be a key selling point for Palm Springs properties.

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