2700 Lawrence Crossley Road 65, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
ACTIVE$249,600
2700 Lawrence Crossley Road 65, Palm Springs, California 92264
1Bed
1Bath
728Sqft
871Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Amenities: Located in the desirable Esprit community, minutes from essential services like Trader Joe's, Target, dining, and entertainment, offering convenience and a vibrant lifestyle.
Top Cons:
Leasehold Property: The property is a leasehold with a lease extending to 2078, which can impact financing options and long-term appreciation compared to fee simple ownership.
Compared to the nearby listings
Price:$249.6K vs avg $439.4K ($-189,850)7%
Size:728 sqft vs avg 1,307 sqft6%
Price/sqft:$343 vs avg $34053%
More Insights
Built in 1986 (39 years old).
Condition: Built in 1986, this condo features a newly updated kitchen with modern stainless steel appliances, clean cabinets, and tile flooring, indicating recent significant investment. The description also highlights a new water heater and energy-efficient insulation, suggesting well-maintained and updated major systems. While some areas, like the dining room carpet and furniture, appear dated, the property is described as 'move-in ready' and the critical components are in good condition, aligning with the 'Good' score criteria for a property that is functional and requires no immediate renovations.
Year Built
1986
Close
-
List price
$250K
Original List price
$250K
Price/Sqft
$343
HOA
$395
Days on market
-
Sold On
-
MLS number
25567817PS
Home ConditionGood
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
Located in the desirable and affordable Esprit community, this bright and spacious 1 bedroom corner condo offers a fantastic opportunity for full time living or a seasonal retreat. Just minutes from Trader Joes, Target, dining, and entertainment including mini golf, this well situated unit features a large private deck and a newly updated kitchen. Most interior furnishings are included, please refer to the attached list, making this home move in ready. Enjoy the convenience of a washer and dryer in unit, a new water heater, and energy efficient insulation on all exterior walls. With a long lease extending to 2078, this unit is also a sought after seasonal rental. Don't miss this vibrant turnkey opportunity in a prime location.
Nearby schools
4/10
Cathedral City Elementary School
Public,•K-5•1.8mi
3/10
Nellie N. Coffman Middle School
Public,•6-8•2.1mi
6/10
Cathedral City High School
Public,•9-12•1.9mi
4/10
Desert Learning Academy
Public,•K-12•2.6mi
Condition Rating
Good
Built in 1986, this condo features a newly updated kitchen with modern stainless steel appliances, clean cabinets, and tile flooring, indicating recent significant investment. The description also highlights a new water heater and energy-efficient insulation, suggesting well-maintained and updated major systems. While some areas, like the dining room carpet and furniture, appear dated, the property is described as 'move-in ready' and the critical components are in good condition, aligning with the 'Good' score criteria for a property that is functional and requires no immediate renovations.
Pros & Cons
Pros
Prime Location & Amenities: Located in the desirable Esprit community, minutes from essential services like Trader Joe's, Target, dining, and entertainment, offering convenience and a vibrant lifestyle.
Turnkey & Furnished: Most interior furnishings are included, making this a move-in ready home or an immediate seasonal rental opportunity.
Modern Updates & Efficiency: Features a newly updated kitchen, in-unit washer/dryer, a new water heater, and energy-efficient insulation on all exterior walls, enhancing comfort and reducing utility costs.
Strong Rental Potential: With a long lease extending to 2078, this unit is explicitly noted as a sought-after seasonal rental, offering potential for income generation.
Private Outdoor Space: The unit boasts a large private deck, providing valuable outdoor living space for relaxation or entertaining.
Cons
Leasehold Property: The property is a leasehold with a lease extending to 2078, which can impact financing options and long-term appreciation compared to fee simple ownership.
Compact Size: With 1 bedroom and 728 sqft, the unit offers limited living space, potentially restricting its appeal to single occupants or couples.
Monthly Association Fees: A monthly association fee of $395 adds a recurring cost to ownership, which needs to be factored into the overall budget.