1501 E Mel Ave Palm Springs, CA 92262

$520,000 Sold Price as of 02/04/2005

3 Beds
1 Baths
1,467 Sq.Ft.

Off Market

$520,000 Sold Price as of 02/04/2005 Refinance Your Mortgage

Map preview of 1501 E Mel Ave, Palm Springs, CA 92262

Property Overview: 1501 E Mel Ave Palm Springs, CA has 3 bedrooms, 1 bathrooms, 1,467 living square feet and 10,018 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1501 E Mel Ave 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 $789,000. The median price per/sqft for Palm Springs is $478. 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 $157,800 for the down payment and will need roughly $15,780 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 $38,750. 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 1501 E Mel Ave

Last sold for $520,000 on February 4th, 2005

June, 2017
Jun 16, 2017

Date

Expired

CRMLS: 16131878PS

$599,000

Price
Jun 4, 2016

Date

Price Change

CRMLS: 16131878PS

$599,000

Price
Listing provided courtesy of CRMLS

This late mid-century ranch home in desirable Movie Colony East is eager for an easy transition into a walled, gated mini-estate. The mid-century esthetic is evident in the clean-lined interior layout which offers white plantation shutters, tiled public areas and carpeted bedrooms. Through double front doors, the entry leads into an open cathedral-ceiling great room with sight lines through glass doors to an extra-large covered patio, large pool, spa and lush backyard with many mature shade and fruit trees. Views to Mt. San Jacinto from the pool/patio are just a bonus. The great room includes a U-shaped kitchen with granite tile counters, stainless appliances and a peninsula. The kitchen also offers both an oversized pantry, adjacent deep broom closet and outdoor access. The large en-suite master has good separation from the great room and provides direct access to the pool/spa and covered patio. No HOA or leased land to contend with.

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February, 2005
Feb 4, 2005

Date

Sold (Public Records)

Public Records

$520,000

Price
March, 2004
Mar 12, 2004

Date

Sold (Public Records)

Public Records

$324,000

Price

Tax History for 1501 E Mel Ave

Assessed Value (2020): $604,157

Year	Land Value	Improved Value	Assessed Value
2020	$181,033	$423,124	$604,157

About 1501 E Mel Ave

Detailed summary of property

1501 E Mel Ave is a single family home in Palm Springs, CA 92262 and last sold on February 4, 2005 for $520,000. This house has 3 bedrooms, 1 bathrooms, roughly 1,467 living square feet, and sits on an approximately 10,018 square foot lot. Homes in Palm Springs are selling for a median price of $775,000 and a median price per square foot of $455. Based on Ardent Real Estate Group's Palm Springs Market Data, this home is sold 32.9% lower than the current median priced home. 1501 E Mel Ave was last sold on February 4, 2005 for $520,000. Local nearby listings include 20694 Hillsdale Rd, 25641 Byron St and 1158 E Benedict Rd. The average home in Palm Springs, CA is selling in 108 days. There are currently 901 homes for sale in the Palm Springs real estate market and 467 of them are single family homes while 417 of them are condos and 17 are townhomes. If you are the homeowner and looking to sell the home at 1501 E Mel Ave 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 1501 E Mel Ave

Public county record property details

Beds: 3
Baths: 1
Year built: 1970
Sq. Ft.: 1,467
Lot Size: 10,018
Stories: 1

Type: Single Family Residential
Pool: Yes
Spa: No
County: Riverside
Lot#: 18
APN: 507-122-008

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

$829,888

Median List Price/Sq.Ft.

$490

Median Sold Price

$750,000

Median Sold Price/Sq.Ft.

$472

Total Inventory

502

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (15.6%), FHA (2.75%), VA (1.83%), Cash (38.53%), Other (14.68%)

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