RealKey
‪(213) 433-7766‬

1988 E Avery Drive, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 3 bath

1988 E Avery Drive, Palm Springs, California 92264 home-pic-0
ACTIVE$1,299,000
1988 E Avery Drive, Palm Springs, California 92264
3Beds
3Baths
2,590Sqft
10,454Lot

Price Vs. Estimate

The estimated value ($812,855.505) is $486,144.495 (37%) lower than the list price ($1,299,000). 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 = 10454, living area = 2590.
Top Cons:
Significant Price Discrepancy: The listing price is 37% above the estimated property value, which could pose a challenge in attracting buyers seeking market-aligned pricing.

Compared to the nearby listings

Price:$1.30M vs avg $1.28M (+$17,000)51%
Size:2,590 sqft vs avg 2,178 sqft69%
Price/sqft:$502 vs avg $59131%

More Insights

Built in 1961 (64 years old).
Condition: Despite being built in 1961, the property has undergone an extensive and high-quality renovation. The images showcase a modern, sleek kitchen with updated cabinetry, countertops, and stainless steel appliances. Bathrooms feature contemporary fixtures, tiling, and vanities, indicating recent upgrades. The presence of 22 owned solar panels, an electric vehicle charging station, and a zoned HVAC system points to significant investment in modern systems and energy efficiency. The overall aesthetic is a well-executed mid-century modern renovation, presenting as virtually new in terms of quality and features, with no visible deferred maintenance.
Year Built
1961
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$502
HOA
-
Days on market
-
Sold On
-
MLS number
219123162DA
Home ConditionExcellent
Features
Excellent View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

This South Palm Springs Mid-Century Modern gem boasts a large quarter-acre corner lot on a small cul-de-sac street in the coveted Los Compadres neighborhood. Stunning Mt. San Jacinto views serve as a backdrop to the large inviting pool and spa in the backyard, which also has a fire pit and a wrap-around covered patio for year-round entertaining. Additionally the property is equipped with 22 owned solar panels for substantial energy savings; an electric vehicle charging station; three bedrooms and three bathrooms- the primary ensuite has dual sink stations and plenty of closet storage; a zoned HVAC system for ultimate comfort; lush palm trees and ficus trees lining the perimeter; multiple entertainment areas; a massive bonus room; vaulted ceilings, and the residence is on fee land with no HOA. Located nearby Historic Highway 111 and plenty of shopping and dining options a short drive away, the home is also able to be used as a cash-generating short-term rental and a projection can be provided upon request.

Condition Rating
Excellent
Despite being built in 1961, the property has undergone an extensive and high-quality renovation. The images showcase a modern, sleek kitchen with updated cabinetry, countertops, and stainless steel appliances. Bathrooms feature contemporary fixtures, tiling, and vanities, indicating recent upgrades. The presence of 22 owned solar panels, an electric vehicle charging station, and a zoned HVAC system points to significant investment in modern systems and energy efficiency. The overall aesthetic is a well-executed mid-century modern renovation, presenting as virtually new in terms of quality and features, with no visible deferred maintenance.
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 = 10454, living area = 2590.
Coveted Location & Privacy: Situated on a large quarter-acre corner lot on a small cul-de-sac in the desirable Los Compadres neighborhood, offering privacy and prestige.
Exceptional Outdoor Living & Views: Boasts stunning Mt. San Jacinto views, a large pool and spa, fire pit, and a wrap-around covered patio, ideal for year-round entertaining.
Advanced Energy Efficiency & Modern Comforts: Equipped with 22 owned solar panels for substantial energy savings, an electric vehicle charging station, and a zoned HVAC system for ultimate comfort.
Strong Investment Potential: Benefits from fee simple land with no HOA and is eligible for use as a cash-generating short-term rental, offering income generation opportunities.
Spacious & Versatile Interior Design: Features a 'Mid-Century Modern gem' aesthetic with vaulted ceilings, a massive bonus room, and multiple entertainment areas, providing ample and flexible living space.

Cons

Significant Price Discrepancy: The listing price is 37% above the estimated property value, which could pose a challenge in attracting buyers seeking market-aligned pricing.
Age of Original Construction: Built in 1961, the property's age, despite its 'Mid-Century Modern gem' status, may lead to concerns about the condition of original systems or components not explicitly updated.
Limited Specifics on Interior Modernization: While some modern amenities are noted, the description lacks detailed information on recent comprehensive interior renovations (e.g., kitchen, bathrooms), which might be a consideration for buyers expecting fully updated spaces at this price point.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state