1433 E Caleta Way, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
ACTIVE$875,000
1433 E Caleta Way, Palm Springs, California 92262
3Beds
2Baths
1,746Sqft
10,019Lot
Price Vs. Estimate
The estimated value ($322,641.14) is $552,358.86 (63%) lower than the list price ($875,000). 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 = 10019, living area = 1746.
Top Cons:
Significant Price Discrepancy: The current listing price of $875,000 appears substantially higher than recent comparable sales in the immediate vicinity (ranging from $697,000 to $795,000), suggesting potential overvaluation.
Compared to the nearby listings
Price:$875.0K vs avg $925.0K ($-50,000)45%
Size:1,746 sqft vs avg 2,096 sqft38%
Price/sqft:$501 vs avg $49153%
More Insights
Built in 1978 (47 years old).
Condition: Despite being built in 1978, this property has undergone extensive and recent renovations, bringing it to an 'excellent' condition. The kitchen features modern white shaker cabinets, quartz countertops, new stainless steel appliances, a stylish black range hood, and a contemporary patterned backsplash. Bathrooms are also fully updated with modern tiling and black fixtures. The entire interior boasts new wood-look flooring, recessed lighting, and modern light fixtures, creating a virtually new and highly desirable aesthetic. The description confirms a 'beautifully upgraded' and 'thoughtfully updated interior' with 'stylish finishes' and an 'open-concept layout', aligning with a recent, comprehensive renovation.
Year Built
1978
Close
-
List price
$875K
Original List price
$915K
Price/Sqft
$501
HOA
-
Days on market
-
Sold On
-
MLS number
219129535DA
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)
About this home
SELLER FINANCING AVAILABLE!! Step into your desert oasis with this beautifully upgraded 3-bedroom, 2-bathroom retreat nestled in the heart of Palm Springs. Designed with modern living and effortless entertaining in mind, this home seamlessly blends indoor comfort with iconic outdoor living.Inside, enjoy a thoughtfully updated interior featuring stylish finishes, an open-concept layout, and abundant natural light. The spacious living areas and upgraded kitchen create a warm, inviting atmosphere perfect for relaxing or hosting.Step outside to your private backyard paradise--an entertainer's dream complete with a sparkling pool and spa, cozy fire pit, and covered patio ideal for al fresco dining. All of this is framed by stunning mountain views that truly capture the essence of Palm Springs living.Property has proven short term rental history, making it a great investment opportunity!
Nearby schools
6/10
Vista Del Monte Elementary School
Public,•K-5•0.9mi
4/10
Raymond Cree Middle School
Public,•6-8•0.3mi
6/10
Palm Springs High School
Public,•9-12•1.9mi
4/10
Desert Learning Academy
Public,•K-12•2.1mi
Condition Rating
Excellent
Despite being built in 1978, this property has undergone extensive and recent renovations, bringing it to an 'excellent' condition. The kitchen features modern white shaker cabinets, quartz countertops, new stainless steel appliances, a stylish black range hood, and a contemporary patterned backsplash. Bathrooms are also fully updated with modern tiling and black fixtures. The entire interior boasts new wood-look flooring, recessed lighting, and modern light fixtures, creating a virtually new and highly desirable aesthetic. The description confirms a 'beautifully upgraded' and 'thoughtfully updated interior' with 'stylish finishes' and an 'open-concept layout', aligning with a recent, comprehensive renovation.
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 = 10019, living area = 1746.
Seller Financing Available: The availability of seller financing offers significant financial flexibility, potentially broadening the buyer pool and facilitating a smoother transaction.
Upgraded Interior & Open Concept: The home features a beautifully upgraded interior with stylish finishes, an open-concept layout, and abundant natural light, enhancing modern living and appeal.
Private Outdoor Oasis: The private backyard is an entertainer's dream, complete with a sparkling pool, spa, cozy fire pit, and covered patio, ideal for al fresco dining and desert relaxation.
Strong Investment Potential: The property boasts a proven short-term rental history, indicating a solid opportunity for income generation and a valuable investment.
Desirable Location & Mountain Views: Nestled in the sought-after Victoria Park/Vista Norte neighborhood of Palm Springs, the property offers stunning mountain views, capturing the essence of desert living.
Cons
Significant Price Discrepancy: The current listing price of $875,000 appears substantially higher than recent comparable sales in the immediate vicinity (ranging from $697,000 to $795,000), suggesting potential overvaluation.
Older Property Age: Built in 1978, the property is over 45 years old, which could imply potential for aging infrastructure components (e.g., plumbing, electrical, roof) that may not have been fully addressed in the 'upgraded' description.
Lack of Specific HVAC Details: While interior upgrades are noted, the description does not explicitly mention the condition or age of the crucial HVAC system, which is a significant consideration for comfort and energy efficiency in the Palm Springs climate.