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374 Terra Vita, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath

374 Terra Vita, Palm Springs, California 92262 home-pic-0
ACTIVE$529,000
374 Terra Vita, Palm Springs, California 92262
2Beds
2Baths
1,375Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Panoramic Mountain Views: The property boasts incredible mountain views from every room, including the primary bedroom suite and a spacious guest balcony, enhancing its aesthetic appeal and desirability.
Top Cons:
High Monthly HOA Fees: The association fee of $550.0 per month is a significant ongoing cost that could impact affordability and long-term ownership expenses for some buyers.

Compared to the nearby listings

Price:$529.0K vs avg $338.0K (+$191,000)78%
Size:1,375 sqft vs avg 1,068 sqft81%
Price/sqft:$385 vs avg $34862%

More Insights

Built in 2013 (12 years old).
Condition: Built in 2013, this property is in immaculate condition, presenting as virtually new. It features modern wood-plank tile flooring, plantation shutters, and a contemporary kitchen with stainless steel appliances, including a newer Jenn Air stove/oven and tiled backsplash. All visible components meet current quality standards with no signs of wear, tear, or deferred maintenance, aligning closely with the 'Excellent' criteria for properties that are either newly built or extensively renovated to a high standard.
Year Built
2013
Close
-
List price
$529K
Original List price
$549K
Price/Sqft
$385
HOA
$550
Days on market
-
Sold On
-
MLS number
219134628PS
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Deck
ViewMountain(s)

About this home

Revel in incredible mountain views from every room in this carriage house floor plan in the gated community of Terra Vita. This fully furnished 2-bedroom, 2-bathroom condo was built in 2013 and has a generous primary bedroom suite with amazing mountain views and an ensuite bathroom. The guest bedroom, thoughtfully separated from the primary suite, is adjacent to the second full bathroom and opens to a spacious balcony for glorious mountain gazing. This property is immaculate with wood-plank tile flooring in the great room & kitchen, plantation shutters, a gas fireplace in the living area, tiled kitchen backsplash and a newer Jenn Air stove/ oven. There is a separate laundry room off the kitchen and a two-car garage with an epoxy finish. This lovely property can be enjoyed as a primary residence, second home or luxury rental. It's just a short walk to the community pool and spa. The Terra Vita Community has well-manicured landscaping throughout and is perfectly located close to downtown Palm Springs for shopping, restaurants and all that Palm Springs has to offer.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,•K-5•0.8mi
4/10
Raymond Cree Middle School
Public,•6-8•1.2mi
6/10
Palm Springs High School
Public,•9-12•0.9mi
4/10
Desert Learning Academy
Public,•K-12•1.0mi
Condition Rating
Excellent
Built in 2013, this property is in immaculate condition, presenting as virtually new. It features modern wood-plank tile flooring, plantation shutters, and a contemporary kitchen with stainless steel appliances, including a newer Jenn Air stove/oven and tiled backsplash. All visible components meet current quality standards with no signs of wear, tear, or deferred maintenance, aligning closely with the 'Excellent' criteria for properties that are either newly built or extensively renovated to a high standard.
Pros & Cons

Pros

Panoramic Mountain Views: The property boasts incredible mountain views from every room, including the primary bedroom suite and a spacious guest balcony, enhancing its aesthetic appeal and desirability.
Gated Community & Amenities: Located within the secure Terra Vita gated community, residents benefit from well-manicured landscaping, a community pool, and a spa, offering a resort-like lifestyle.
Modern & Upgraded Interior: The condo features an immaculate interior with desirable upgrades such as wood-plank tile flooring, plantation shutters, a gas fireplace, tiled kitchen backsplash, and a newer Jenn Air stove/oven.
Prime Palm Springs Location: Strategically located close to downtown Palm Springs, providing easy access to shopping, restaurants, and the vibrant local attractions.
Versatile Investment Potential: The property offers flexibility for use as a primary residence, a second home, or a luxury rental, appealing to a broad range of potential buyers and investors.

Cons

High Monthly HOA Fees: The association fee of $550.0 per month is a significant ongoing cost that could impact affordability and long-term ownership expenses for some buyers.
Carriage House Floor Plan: As a carriage house floor plan, it likely involves stairs and may not appeal to buyers seeking single-level living or those with mobility concerns.
Recent Price Reductions: The property has undergone multiple price reductions from its original list price, which might suggest initial overpricing or slower market absorption, potentially raising questions for buyers about its current value.

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