3525 Arnico Street, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 2 bath
ACTIVE$565,000
3525 Arnico Street, Palm Springs, California 92262
4Beds
2Baths
1,421Sqft
7,841Lot
Price Vs. Estimate
The estimated value ($562,663.11) is $2,336.89 (0%) lower than the list price ($565,000). This property may be overpriced.
Key pros and cons
Top Pros:
Fee Land Ownership: The property is on fee land, a significant advantage in Palm Springs, providing full ownership without lease payments common in some areas.
Top Cons:
Potential Overpricing: The current list price is 9% above the property's estimated value, suggesting it may be priced high relative to market comparables.
Compared to the nearby listings
Price:$565.0K vs avg $922.5K ($-357,500)10%
Size:1,421 sqft vs avg 2,092.5 sqft18%
Price/sqft:$398 vs avg $48930%
More Insights
Built in 1990 (35 years old).
Condition: Built in 1990, this property has undergone significant cosmetic updates that elevate its condition beyond 'Fair'. The kitchen features modern stainless steel appliances (gas range, microwave), updated dark brown cabinets, a contemporary geometric tile backsplash, and wood-look tile flooring. While the bright yellow walls and turquoise ceiling are a bold stylistic choice, they are cosmetic. The bathroom also shows recent updates with white subway tile and a mosaic accent in the shower, and clean hexagonal floor tiles. The main living areas benefit from the same updated wood-look tile flooring and a modern stacked stone accent wall. Bedrooms have clean, though not new, carpeting. Overall, the property is move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Year Built
1990
Close
-
List price
$565K
Original List price
$575K
Price/Sqft
$398
HOA
-
Days on market
-
Sold On
-
MLS number
219134567DA
Home ConditionGood
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Single-family residence on fee land in Palm Springs, where some neighboring homes are manufactured, this one is not. The property offers 4 bedrooms and 2 bathrooms, with a south-facing backyard that captures mountain views and space to add a pool. Short-term rentals are permitted, making it a strong option for both primary use and investment. Convenient location just 10 minutes from downtown Palm Springs.
Nearby schools
7/10
Katherine Finchy Elementary School
Public,•K-5•1.9mi
6/10
Vista Del Monte Elementary School
Public,•K-5•2.0mi
4/10
Raymond Cree Middle School
Public,•6-8•1.6mi
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•4.4mi
Condition Rating
Good
Built in 1990, this property has undergone significant cosmetic updates that elevate its condition beyond 'Fair'. The kitchen features modern stainless steel appliances (gas range, microwave), updated dark brown cabinets, a contemporary geometric tile backsplash, and wood-look tile flooring. While the bright yellow walls and turquoise ceiling are a bold stylistic choice, they are cosmetic. The bathroom also shows recent updates with white subway tile and a mosaic accent in the shower, and clean hexagonal floor tiles. The main living areas benefit from the same updated wood-look tile flooring and a modern stacked stone accent wall. Bedrooms have clean, though not new, carpeting. Overall, the property is move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons
Pros
Fee Land Ownership: The property is on fee land, a significant advantage in Palm Springs, providing full ownership without lease payments common in some areas.
Short-Term Rental Potential: Short-term rentals are permitted, making this an attractive option for investors seeking income generation or for owners desiring flexibility.
Desirable Outdoor Space: Features a south-facing backyard with mountain views and ample space to add a pool, enhancing its appeal for outdoor living in Palm Springs.
Prime Location: Conveniently located just 10 minutes from downtown Palm Springs, offering easy access to amenities, dining, and entertainment.
Single-Family Residence: Unlike some neighboring properties, this is a traditional single-family residence, which can be perceived as a higher quality and more stable investment.
Cons
Potential Overpricing: The current list price is 9% above the property's estimated value, suggesting it may be priced high relative to market comparables.
Age of Property: Built in 1990, the property is over 30 years old, which may necessitate updates to major systems or cosmetic renovations to meet modern buyer expectations.
Neighborhood Mix: While the property itself is not manufactured, the presence of neighboring manufactured homes could influence overall neighborhood appeal or future property value perception for some buyers.