1113 E Buena Vista Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$725,000
1113 E Buena Vista Drive, Palm Springs, California 92262
3Beds
2Baths
1,450Sqft
9,583Lot
Price Vs. Estimate
The estimated value ($390,481.535) is $334,518.465 (46%) lower than the list price ($725,000). 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 = 9583, living area = 1450.
Top Cons:
Requires Extensive Renovation: Explicitly marketed as a 'project,' indicating the property likely needs substantial updates and investment beyond cosmetic changes to meet modern standards.
Compared to the nearby listings
Price:$725.0K vs avg $925.0K ($-200,000)27%
Size:1,450 sqft vs avg 2,096 sqft20%
Price/sqft:$500 vs avg $49153%
More Insights
Built in 1973 (52 years old).
Condition: Built in 1973, this property is explicitly marketed as a 'project' requiring 'substantial updates and investment.' The images confirm severely outdated conditions in the kitchen and bathrooms, featuring original or very old cabinets, countertops, fixtures, and flooring. While the roof and AC are new, the interior requires extensive renovation to meet modern living standards, aligning with the 'poor' condition criteria.
Year Built
1973
Close
-
List price
$725K
Original List price
$725K
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
219129985PS
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Unique opportunity at 1113 East Buena Vista Drive, nestled in the heart of Palm Springs's Movie Colony East neighborhood. Just a block from the vibrant Ruth Hardy Park, on a corner lot with terrific west and south views. Roof and AC are both less than one year old. Ideal for investors or end-users seeking to undertake a project. The expansive lot provides plenty of space for a pool as well as existing mature landscaping. Its prime location makes it an excellent choice for those looking to transform a property into their own personalized desert retreat or capitalize on the thriving Palm Springs market for newly remodeled homes. Open houses start Thursday 5/15 and run through Sunday 5/18. Or call directly for a private showing.
Nearby schools
7/10
Katherine Finchy Elementary School
Public,•K-5•0.3mi
4/10
Raymond Cree Middle School
Public,•6-8•0.6mi
6/10
Palm Springs High School
Public,•9-12•1.5mi
4/10
Desert Learning Academy
Public,•K-12•1.6mi
Condition Rating
Poor
Built in 1973, this property is explicitly marketed as a 'project' requiring 'substantial updates and investment.' The images confirm severely outdated conditions in the kitchen and bathrooms, featuring original or very old cabinets, countertops, fixtures, and flooring. While the roof and AC are new, the interior requires extensive renovation 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 = 9583, living area = 1450.
Exceptional Location: Situated in the highly desirable Movie Colony East neighborhood, just one block from the vibrant Ruth Hardy Park, offering premium walkability and neighborhood appeal.
Desirable Corner Lot & Views: Benefits from a corner lot position providing terrific west and south mountain views, enhancing aesthetic and potential value.
Recent Capital Improvements: The roof and AC system are both less than one year old, significantly reducing immediate major maintenance costs for a buyer.
Significant Renovation Potential: Ideal for investors or end-users seeking to undertake a project, offering a blank canvas to personalize and capitalize on the thriving Palm Springs remodeling market.
Generous Lot Size: The expansive 9,583 sqft lot provides plenty of space for adding a pool and enhancing outdoor living amenities.
Cons
Requires Extensive Renovation: Explicitly marketed as a 'project,' indicating the property likely needs substantial updates and investment beyond cosmetic changes to meet modern standards.
Potential Overpricing: The Automated Valuation Model (AVM) suggests the property is significantly overpriced by approximately 46% compared to its estimated value, which could deter buyers and impact financing.
Older Construction: Built in 1973, the home may have outdated interior finishes, layouts, or systems that require modernization, reinforcing its 'project' status.