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2041 Arnico Street, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

2041 Arnico Street, Palm Springs, California 92262 home-pic-0
ACTIVE$499,000
2041 Arnico Street, Palm Springs, California 92262
3Beds
2Baths
1,248Sqft
6,970Lot

Price Vs. Estimate

The estimated value ($217,713.84) is $281,286.16 (56%) lower than the list price ($499,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Interior Renovations: The home boasts recent comprehensive updates including an open-concept kitchen with a stylish center island, updated bathrooms, new flooring, smooth walls/ceilings, recessed/track lighting, and energy-efficient double-paned windows.
Top Cons:
Unfinished Backyard: The backyard is currently unfinished, requiring significant investment and landscaping efforts from the buyer to create a desired outdoor oasis, including potential pool installation.

Compared to the nearby listings

Price:$499.0K vs avg $925.0K ($-426,000)6%
Size:1,248 sqft vs avg 2,096 sqft5%
Price/sqft:$400 vs avg $49031%

More Insights

Built in 1983 (42 years old).
Condition: The property, built in 1983, has undergone a comprehensive and recent renovation, explicitly stated as 'recently updated' with 'all new' kitchen appliances, 'updated bathrooms,' and 'new flooring throughout.' The images confirm a modern, open-concept kitchen with white shaker cabinets, sleek light countertops, a center island, and new stainless steel appliances. Bathrooms feature modern vanities, new fixtures, and contemporary tiling. The presence of double-paned windows, recessed/track lighting, and smooth walls/ceilings further supports an extensive renovation within the last 5 years, bringing the property to a virtually new condition with current quality standards and no visible deferred maintenance.
Year Built
1983
Close
-
List price
$499K
Original List price
$545K
Price/Sqft
$400
HOA
-
Days on market
-
Sold On
-
MLS number
219126932DA
Home ConditionExcellent
Features
Excellent View: Mountain(s)
ViewMountain(s)

About this home

This stunning 3-bedroom, 2-bathroom home has been recently updated, boasting an OPEN CONCEPT kitchen, a sleek stylish CENTER ISLAND along with a living area perfect for entertaining. Enjoy the modern allure of ALL NEW stainless-steel kitchen APPLIANCES, including a brand new Refrigerator, Gas Stove, Microwave and Washer and Dryer.The interior features enhancements like DOUBLE PANED WINDOWS, recessed and track lighting, UPDATED BATHROOMS, smooth walls and ceilings as well as beautiful NEW FLOORING throughout. Step into your private backyard retreat with an amazing, unobstructed view of Mt. San Jacinto. The seller has left the backyard unfinished so you can create your own vision of a perfect oasis. Plenty of room for a pool, playground, or a beautifully landscaped low maintenance backyard. Did I mention this property comes with the advantage of NO HOA fees and NO land lease - YOU OWN THE LAND, providing unparalleled peace of mind. Situated just minutes from the vibrant shopping, dining, and nightlife of downtown Palm Springs, as well as having easy highway access to Coachella, Stagecoach, Casinos and the PS International Airport. One of the most reasonably priced homes in Palm Springs.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,•K-5•1.8mi
6/10
Vista Del Monte Elementary School
Public,•K-5•1.8mi
4/10
Raymond Cree Middle School
Public,•6-8•1.5mi
6/10
Palm Springs High School
Public,•9-12•2.0mi
4/10
Desert Learning Academy
Public,•K-12•2.3mi
6/10
Cathedral City High School
Public,•9-12•4.6mi
Condition Rating
Excellent
The property, built in 1983, has undergone a comprehensive and recent renovation, explicitly stated as 'recently updated' with 'all new' kitchen appliances, 'updated bathrooms,' and 'new flooring throughout.' The images confirm a modern, open-concept kitchen with white shaker cabinets, sleek light countertops, a center island, and new stainless steel appliances. Bathrooms feature modern vanities, new fixtures, and contemporary tiling. The presence of double-paned windows, recessed/track lighting, and smooth walls/ceilings further supports an extensive renovation within the last 5 years, bringing the property to a virtually new condition with current quality standards and no visible deferred maintenance.
Pros & Cons

Pros

Extensive Interior Renovations: The home boasts recent comprehensive updates including an open-concept kitchen with a stylish center island, updated bathrooms, new flooring, smooth walls/ceilings, recessed/track lighting, and energy-efficient double-paned windows.
No HOA Fees & Owned Land: The property offers the significant advantage of no HOA fees and the land is owned, providing financial peace of mind and greater flexibility compared to many Palm Springs properties.
New Appliances Included: The kitchen comes equipped with all new stainless-steel appliances, including a refrigerator, gas stove, microwave, and a new washer and dryer, offering immediate move-in readiness.
Mountain Views: The private backyard features an amazing, unobstructed view of Mt. San Jacinto, enhancing the property's aesthetic appeal and outdoor living experience.
Prime Location & Accessibility: Situated just minutes from downtown Palm Springs' vibrant shopping, dining, and nightlife, with easy highway access to major events like Coachella, Stagecoach, casinos, and the PS International Airport.

Cons

Unfinished Backyard: The backyard is currently unfinished, requiring significant investment and landscaping efforts from the buyer to create a desired outdoor oasis, including potential pool installation.
Significant Valuation Discrepancy: The property's current listing price is considerably higher than its estimated value (estimation ratio -56), which may indicate overpricing and could lead to appraisal challenges or deter potential buyers.
Smaller Square Footage: At 1248 sqft, the home offers a relatively smaller living space compared to some comparable properties in the area, which might be a consideration for buyers seeking more expansive interiors.

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