12942 Cuando Way, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 4 bed, 2 bath
ACTIVE$379,000
12942 Cuando Way, Desert Hot Springs, California 92240
4Beds
2Baths
1,748Sqft
8,712Lot
Year Built
2004
Close
-
List price
$379K
Original List price
$435K
Price/Sqft
$217
HOA
-
Days on market
-
Sold On
-
MLS number
219112907DA
Home ConditionFair
Features
Good View: Hills
ViewHills
About this home
Possibly Over-Priced:The estimated price is 11% below the list price. We found 3 Cons,6 Pros. Rank: price - $379.0K(36th), sqft - 1748(62th), beds - 4(68th), baths - 2(50th).
High on the hill is this stylish Santa Fe home featuring a great room with beautiful fireplace. High ceilings thru- out the homeGood opportunity for investor. Home has had the same tenant for several years.
Condition Rating
Fair
The property was built in 2004, making it 20 years old. While the description mentions a 'stylish Santa Fe home' with a 'great room' and 'high ceilings,' there is no mention of any recent renovations or updates to key areas like the kitchen or bathrooms. The presence of a long-term tenant and the property analysis noting 'Potential for Deferred Maintenance/Outdated Features' and a lack of recent updates suggest that the interior finishes, appliances, and fixtures are likely original or have not been significantly modernized. The single exterior image does not provide insight into the interior condition. Therefore, the property likely requires minor updates or repairs to bring it to current aesthetic and functional standards, aligning with a 'Fair' condition score.
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 = 8712, living area = 1748.
Elevated Location & Views: Positioned 'high on the hill' with 'Hills' views, offering a desirable vantage point and potential for scenic outlooks.
Distinctive Architectural Style: The property boasts a 'stylish Santa Fe home' design, providing unique curb appeal and character in the neighborhood.
Desirable Interior Features: Features a 'great room with beautiful fireplace' and 'high ceilings thru-out the home,' enhancing living comfort and spaciousness.
Investment Potential: Explicitly noted as a 'Good opportunity for investor' with a 'same tenant for several years,' suggesting stable rental income and a proven tenancy history.
Generous Lot Size: The 8,712 sqft lot provides ample outdoor space, offering potential for landscaping, expansion, or recreational use.
Cons
Overpriced Relative to Market Value: The current list price of $379,000 is significantly above the estimated property value of $336,765, indicated by an -11% estimation ratio, suggesting it may be overpriced compared to market trends.
Potential for Deferred Maintenance/Outdated Features: The description lacks mention of recent updates or renovations, and the long-term tenant status could imply a need for modernization or repairs to attract a broader buyer pool, especially when compared to updated competitive properties.
Tenant Occupancy Challenges: While beneficial for investors, the presence of a long-term tenant can complicate property showings, limit immediate owner-occupancy, and potentially restrict renovation plans for prospective buyers.