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67725 Broken Arrow Lane, Desert Hot Springs, California 92241, Desert Hot Springs, 92241 - 3 bed, 3 bath

67725 Broken Arrow Lane, Desert Hot Springs, California 92241 home-pic-0
ACTIVE$529,000
67725 Broken Arrow Lane, Desert Hot Springs, California 92241
3Beds
3Baths
1,902Sqft
9,583Lot
Year Built
2005
Close
-
List price
$529K
Original List price
$600K
Price/Sqft
$278
HOA
-
Days on market
-
Sold On
-
MLS number
219123714DA
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 20% below the list price. We found 3 Cons,6 Pros. Rank: price - $529.0K(59th), sqft - 1902(50th), beds - 3(50th), baths - 3(53th).

Price Improvement! Come check out this beautifully remodeled home in a sought-after Desert Hot Springs neighborhood! An absolute feast for the eyes! Inviting open-concept design with abundant windows and sliders that flood the space with natural light. The chef's kitchen is a dream, featuring brand-new stainless-steel appliances, quartz countertops, and ample counter space, perfect for cooking and entertaining. Enjoy the luxury of new floors, bathrooms, showers, fixtures, ceiling fans, and more. The large south-facing yard offers plenty of outdoor space in a fantastic neighborhood. This Historic B-Bar-H Ranch neighborhood, offering the ultimate seclusion and serenity, but also minutes away from Palms Springs. No lease land or HOA's to worry about. This area is booming with many short-term rentals. Schedule your showing today to realize this is the perfect asset for your short-term rental portfolio or the perfect weekend getaway for R&R.

Condition Rating
Excellent
This property, built in 2005, has undergone a recent and extensive renovation, as highlighted by the description of a 'beautifully remodeled home' with 'brand-new stainless-steel appliances, quartz countertops, and new floors, bathrooms, showers, fixtures, ceiling fans, and more.' The images confirm a modern, cohesive aesthetic with new light-colored flooring throughout, white shaker cabinets, contemporary black hardware and fixtures in the kitchen, and modern lighting. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1902.
Extensive Modern Remodel: The home has been beautifully and extensively remodeled, featuring brand-new stainless-steel appliances, quartz countertops, new floors, updated bathrooms, showers, and fixtures, offering a turnkey modern living experience.
No HOA or Land Lease: The absence of HOA fees and land lease provides significant cost savings and greater flexibility for the homeowner, enhancing its appeal for both residents and investors.
Strong Short-Term Rental Potential: Located in an area booming with short-term rentals and marketed as a 'perfect asset for your short-term rental portfolio,' indicating high income-generating potential.
Desirable Historic Neighborhood & Proximity: Situated in the sought-after Historic B-Bar-H Ranch neighborhood, offering seclusion and serenity while being minutes away from the amenities of Palm Springs.
Mountain Views & Natural Light: The property boasts mountain views and an inviting open-concept design with abundant windows and sliders, flooding the space with natural light.

Cons

Lack of Pool/Spa: Despite a large yard and being marketed for R&R/short-term rentals in a desert climate, the property description does not mention a pool or spa, which is a highly desirable amenity in this market and present in several comparable properties.
Potential Overpricing: The current listing price is significantly higher than the automated property estimation value (estimation ratio of -20%), suggesting it may be priced above current market expectations or recent comparable sales.
Limited Outdoor Amenities: While offering a large south-facing yard, the property lacks specific high-end outdoor amenities such as a built-in outdoor kitchen or elaborate landscaping, which are features in some competitive properties and often sought after in this type of market.

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