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550 N Villa Court 116, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath

550 N Villa Court 116, Palm Springs, California 92262 home-pic-0
ACTIVE$207,500
550 N Villa Court 116, Palm Springs, California 92262
1Bed
1Bath
589Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Situated minutes from downtown Palm Springs, offering convenient access to shops, restaurants, and entertainment, enhancing its appeal for desert living.
Top Cons:
High Monthly HOA Fees: The $550 association fee is substantial for a one-bedroom unit, potentially impacting affordability and return on investment.

Compared to the nearby listings

Price:$207.5K vs avg $337.0K ($-129,500)20%
Size:589 sqft vs avg 1,068 sqft22%
Price/sqft:$352 vs avg $34850%

More Insights

Built in 1981 (44 years old).
Condition: The property, built in 1981, has undergone significant and stylish interior renovations. The kitchen features modern white shaker cabinets, quartz countertops, updated stainless steel appliances, and contemporary gold hardware and faucet. The bathroom has also been tastefully updated with modern subway tiling, a rain shower head, and a contemporary vanity. Throughout the living areas and bedroom, there is modern laminate flooring and fresh paint. While the building's exterior is older, the interior updates are substantial, making the condo move-in ready with a fresh, contemporary appeal, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Year Built
1981
Close
-
List price
$208K
Original List price
$208K
Price/Sqft
$352
HOA
$550
Days on market
-
Sold On
-
MLS number
25617355PS
Home ConditionGood
Features
Good View: Mountain(s), Pool
Pool
Patio
ViewMountain(s), Pool

About this home

Bask in the beauty of desert living in this stylishly updated single story, one-bedroom, one-bath condo offering spectacular views of the pool and surrounding mountains. Thoughtfully refreshed with modern finishes, this inviting retreat blends comfort and charm in equal measure. Shutters frame the windows throughout, allowing light to pour in or privacy when desired. The bright and open living area flows effortlessly onto a quaint patio perfect for morning coffee, sunset cocktails, or simply taking in the tranquil resort-style setting. The kitchen features sleek countertops, updated appliances, and ample cabinetry, while the spacious bedroom offers a restful escape with abundant natural light. The bathroom has been tastefully updated, completing the home's fresh, contemporary appeal. Set within a community with pools, lush landscaping, tennis courts and stunning mountain backdrops, this condo captures the essence of relaxed desert living. Just minutes from downtown Palm Springs with its shops, restaurants, and entertainment this condo is ideal as a primary residence, vacation home, or investment property.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•0.8mi
7/10
Katherine Finchy Elementary School
Public,•K-5•1.7mi
4/10
Cahuilla Elementary School
Public,•K-5•3.6mi
4/10
Raymond Cree Middle School
Public,•6-8•1.4mi
6/10
Palm Springs High School
Public,•9-12•3.4mi
4/10
Desert Learning Academy
Public,•K-12•3.5mi

Price History

Date
Event
Price
05/02/23
Sold
$210,000
03/01/21
Sold
$152,500
08/30/13
Sold
$65,500
03/02/05
Sold
$137,000
Condition Rating
Good
The property, built in 1981, has undergone significant and stylish interior renovations. The kitchen features modern white shaker cabinets, quartz countertops, updated stainless steel appliances, and contemporary gold hardware and faucet. The bathroom has also been tastefully updated with modern subway tiling, a rain shower head, and a contemporary vanity. Throughout the living areas and bedroom, there is modern laminate flooring and fresh paint. While the building's exterior is older, the interior updates are substantial, making the condo move-in ready with a fresh, contemporary appeal, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Prime Location: Situated minutes from downtown Palm Springs, offering convenient access to shops, restaurants, and entertainment, enhancing its appeal for desert living.
Modern Updates & Finishes: The condo features a thoughtfully refreshed interior with sleek countertops, updated appliances, and a tastefully updated bathroom, providing a contemporary and inviting living space.
Desirable Views: Offers spectacular views of the community pool and surrounding mountains, contributing to a tranquil and aesthetically pleasing environment.
Resort-Style Amenities: Located within a community boasting multiple pools, lush landscaping, and tennis courts, providing a resort-like living experience.
Versatile Investment Potential: Suitable for various uses including a primary residence, a vacation home, or an income-generating investment property, broadening its market appeal.

Cons

High Monthly HOA Fees: The $550 association fee is substantial for a one-bedroom unit, potentially impacting affordability and return on investment.
Limited Living Space: With only 589 square feet and a single bedroom/bathroom, the property caters to a niche market of individuals or couples, limiting broader buyer appeal.
Condominium Restrictions: As a condo, it is subject to HOA rules and regulations, and shared walls, which may not appeal to buyers seeking greater autonomy or privacy.

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