2151 N Farrell, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
ACTIVE$699,999
2151 N Farrell, Palm Springs, California 92262
3Beds
2Baths
1,400Sqft
17,424Lot
Price Vs. Estimate
The estimated value ($680,129.785) is $19,869.215 (2%) lower than the list price ($699,999). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Palm Springs Location: Situated just minutes from downtown Palm Springs, offering convenient access to amenities, entertainment, and the vibrant city life.
Top Cons:
Potential for Renovation/Updates: Built in 1986 and described as 'full of potential' with 'endless possibilities,' suggesting that significant modernization or renovation may be required to maximize its value and appeal.
Compared to the nearby listings
Price:$700.0K vs avg $925.0K ($-225,001)21%
Size:1,400 sqft vs avg 2,096 sqft18%
Price/sqft:$500 vs avg $49153%
More Insights
Built in 1986 (39 years old).
Condition: Built in 1986, this property is 38 years old and shows significant signs of being outdated. The visible bathroom features an 80s/90s style vanity, lighting, and tile flooring, indicating no major renovations in recent history. While the property appears functional and has solar panels as a positive update, the overall aesthetic and key areas like the bathroom require substantial cosmetic and functional updates to meet current standards. The description also hints at 'potential' and 'endless possibilities,' often suggesting a need for renovation.
Year Built
1986
Close
-
List price
$700K
Original List price
$795K
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
219130950DA
Home ConditionFair
Features
Good View: Mountain(s), Pool
Pool
Patio
ViewMountain(s), Pool
About this home
YOU OWN THE LAND! Located just minutes from downtown Palm Springs, this 3-bedroom, 2-bathroom home is full of potential. The huge backyard is a standout feature, offering a large pool and plenty of space for outdoor lounging, entertaining, or soaking up the desert sun.Inside, the home has a spacious layout with endless possibilities, featuring a bright living area and an inviting kitchen. Whether you're looking for a full-time residence, vacation home, or investment property, this is a fantastic opportunity to make it your own in a prime Palm Springs location.Don't miss out-schedule your showing today! Bring ALL offers!
Nearby schools
6/10
Vista Del Monte Elementary School
Public,•K-5•1.3mi
7/10
Katherine Finchy Elementary School
Public,•K-5•1.4mi
4/10
Raymond Cree Middle School
Public,•6-8•1.0mi
6/10
Palm Springs High School
Public,•9-12•2.1mi
4/10
Desert Learning Academy
Public,•K-12•2.3mi
6/10
Cathedral City High School
Public,•9-12•5.0mi
Condition Rating
Fair
Built in 1986, this property is 38 years old and shows significant signs of being outdated. The visible bathroom features an 80s/90s style vanity, lighting, and tile flooring, indicating no major renovations in recent history. While the property appears functional and has solar panels as a positive update, the overall aesthetic and key areas like the bathroom require substantial cosmetic and functional updates to meet current standards. The description also hints at 'potential' and 'endless possibilities,' often suggesting a need for renovation.
Pros & Cons
Pros
Prime Palm Springs Location: Situated just minutes from downtown Palm Springs, offering convenient access to amenities, entertainment, and the vibrant city life.
Land Ownership: The property includes full land ownership, a significant advantage in areas where land leases are common, providing greater long-term value and control.
Expansive Backyard with Private Pool: Features a huge backyard with a large private pool, ideal for outdoor lounging, entertaining, and enjoying the desert climate.
Versatile Investment Opportunity: Suitable for various buyer profiles, including full-time residents, vacation home seekers, or investors, due to its potential and desirable location.
Mountain Views: Offers desirable mountain views, enhancing the property's aesthetic appeal and overall living experience.
Cons
Potential for Renovation/Updates: Built in 1986 and described as 'full of potential' with 'endless possibilities,' suggesting that significant modernization or renovation may be required to maximize its value and appeal.
Modest Interior Square Footage: With 1400 sqft, the interior living space is relatively modest compared to the expansive 17,424 sqft lot, which might not appeal to buyers seeking a larger home.
Price Reduction History: Multiple price reductions from the original list price of $795,000 to $699,999 could indicate a longer market time or initial overpricing, potentially raising buyer questions about its market value or underlying issues.