1020 N Indian Canyon Dr Palm Springs, CA 92262

$1,455,000 Sold Price as of 03/04/2019

-- Beds
-- Baths
-- Sq.Ft.

Off Market

$1,455,000 Sold Price as of 03/04/2019 Refinance Your Mortgage

Map preview of 1020 N Indian Canyon Dr, Palm Springs, CA 92262

Property Overview: 1020 N Indian Canyon Dr Palm Springs, CA has -- bedrooms, -- bathrooms, -- living square feet and 13,939 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1020 N Indian Canyon Dr is currently an off market home in the city of Palm Springs. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Palm Springs has a median list price of $718,000. The median price per/sqft for Palm Springs is $458. With those numbers in mind, if you are looking to purchase a median priced home in Palm Springs, CA and put 20% down you will need to save up $143,600 for the down payment and will need roughly $14,360 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Palm Springs the commission could be as much as $29,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1020 N Indian Canyon Dr

Last sold for $1,455,000 on March 4th, 2019

April, 2021
Apr 1, 2021

Date

Expired

CRMLS: 20669726

$1,970,000

Price
Mar 18, 2021

Date

Withdrawn

CRMLS: 20669726

$1,970,000

Price
Mar 18, 2021

Date

Active

CRMLS: 20669726

$1,970,000

Price
Feb 17, 2021

Date

Hold

CRMLS: 20669726

$1,970,000

Price
Dec 11, 2020

Date

Active

CRMLS: 20669726

$1,970,000

Price
Listing provided courtesy of CRMLS

22-unit opportunity located in the heart of Palm Springs! Located on two separate lots, each with their own APN # (507-151-011/012). Eight (8) bachelor units, eleven (11) studio units, and three (3) 1bed 1 bath units. Nice upside potential in rental income. The property provides a new investor with an excellent value-add opportunity with the ability to rehab the units and grounds. A savvy new investor could also add a resort like atmosphere with a pool, cabana, community room with gym and BBQ area.

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March, 2019
Mar 4, 2019

Date

Sold

CRMLS: SB18189943

$1,455,000

Price
Feb 16, 2019

Date

Pending

CRMLS: SB18189943

$1,499,000

Price
Aug 15, 2018

Date

Active Under Contract

CRMLS: SB18189943

$1,499,000

Price
Aug 6, 2018

Date

Active

CRMLS: SB18189943

$1,499,000

Price
Listing provided courtesy of CRMLS

The possibilities are endless with this wonderful Commercial Property zoned C1 located in the heart of the Palm Springs only steps away from Desert Regional Medical Center. Situated in a bustling community, this 27,00 square foot lot is configured as a motel/apartments with 22 units including manager's office. Assigned parking for each unit. The current use is month to month apartments. The property consists of two parcels totaling over half an acre, and has excellent visibility from Indian Canyon Drive. Needs some refurbishing; can be a fantastic investment opportunity for an experienced hotelier. Other possible uses include office space, medical building, senior care facility... Bring your imagination, or adopt the previous owners' creation as your own! Buyers to confirm with the city regarding zoning and development potential. All information deemed reliable and was provided by owner and is subject to change; broker cannot make any warranty or guarantee. Property sold in as is condition. Property consists of 2 APNs being sold together. Street addresses are 1044 and 1020 N Indian Canyon. Buildings constructed in 1941 and 1964 per appraiser.

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March, 2019
Mar 4, 2019

Date

Sold (Public Records)

Public Records

$1,455,000

Price

Tax History for 1020 N Indian Canyon Dr

Assessed Value (2020): $714,000

Year	Land Value	Improved Value	Assessed Value
2020	$383,520	$330,480	$714,000

About 1020 N Indian Canyon Dr

Detailed summary of property

1020 N Indian Canyon Dr is categorized with a use code of Commercial (General) in Palm Springs, CA 92262 and last sold on March 4, 2019 for $1,455,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 13,939 square foot lot. Homes in Palm Springs are selling for a median price of $590,000 and a median price per square foot of $412. Based on Ardent Real Estate Group's Palm Springs Market Data, this home is sold 146.61% higher than the current median priced home. 1020 N Indian Canyon Dr was last sold on March 4, 2019 for $1,455,000. Local nearby listings include 1225 Hardt St, 7061 Newbury Ave and 7012 Newbury Ave. The average home in Palm Springs, CA is selling in 130 days. There are currently 769 homes for sale in the Palm Springs real estate market and 397 of them are single family homes while 358 of them are condos and 14 are townhomes. If you are the homeowner and looking to sell the home at 1020 N Indian Canyon Dr Palm Springs, CA 92262 contact Ardent Real Estate Group and we will put you in touch with one of our Palm Springs agents.

Public Facts for 1020 N Indian Canyon Dr

Public county record property details

Beds: --
Baths: --
Year built: 1938
Sq. Ft.: --
Lot Size: 13,939
Stories: 1

Type: Commercial (General)
Pool: No
Spa: No
County: Riverside
Lot#: 6
APN: 507-151-011

The source for these homes facts are from public records.

92262 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$785,000

Median List Price/Sq.Ft.

$472

Median Sold Price

$637,500

Median Sold Price/Sq.Ft.

$445

Total Inventory

468

Median Sale to List Price %

98.84%

Avg Days on Market

Loan Type

Conventional (26.92%), FHA (1.92%), VA (0%), Cash (38.46%), Other (5.77%)

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