1533 N Chaparral Rd Palm Springs, CA 92262

$2,700,000 Sold Price as of 04/11/2008

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

Off Market

$2,700,000 Sold Price as of 04/11/2008 Refinance Your Mortgage

Map preview of 1533 N Chaparral Rd, Palm Springs, CA 92262

Property Overview: 1533 N Chaparral Rd Palm Springs, CA has -- bedrooms, -- bathrooms, -- living square feet and 43,124 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1533 N Chaparral Rd 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 $710,000. 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 $142,000 for the down payment and will need roughly $14,200 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 1533 N Chaparral Rd

Last sold for $2,700,000 on April 11th, 2008

September, 2021
Sep 9, 2021

Date

Active

CRMLS: 219067341PS

$8,800,000

Price
Listing provided courtesy of CRMLS

Great Income Property in Downtown Palm Springs with 10 CAP! Desert Sun Resort is a 33-room hotel resort sitting on a large 1.6 acres of beautifully manicured grounds property: Two (2) large pools, jacuzzi, bar/cafe, lighted tennis court, free-standing spa studio, fitness facility, two firepits, loggia, luscious green lawn areas, and soothing water features, The Cafe (seats 50), Gift Shop, and three-room Spa are all part of the resort's amenities to enhance the guest experience and increase operating income. Currently Desert Sun Resort operates with an experienced staff (20 employees). This property has run efficiently without a ''hands-on'' owner for over 14 years. All 33 rooms were completely renovated in 2020 (11 courtyard rooms completed in 2016). There are five suites with kitchens, or kitchenettes. 170 solar panels were installed on the roof (100% paid for/no lease) in 2016. All panels are located on the rooftop of the hotel building and are still under the 20-year warranty. Desert Sun Resort has a full liquor license. The liquor license transfers with the sale of the property. The period August 2020 thru July 2021 the NOI is at $888,000 with an ADR of $214, a REVPAR of $105 and almost a 40% profit margin. When reviewing the past 48 months and removing the COVID period of March 2020 to February 2021, the property has consistently performed well yielding approximately $785,000 NOI with an ADR of approximately $200. Occupancy is averagi

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April, 2008
Apr 11, 2008

Date

Sold (Public Records)

Public Records

$2,700,000

Price
December, 2004
Dec 10, 2004

Date

Sold (Public Records)

Public Records

$266,000

Price

Tax History for 1533 N Chaparral Rd

Assessed Value (2020): $2,161,865

Year	Land Value	Improved Value	Assessed Value
2020	$720,618	$1,441,247	$2,161,865

About 1533 N Chaparral Rd

Detailed summary of property

1533 N Chaparral Rd is categorized with a use code of Commercial (General) in Palm Springs, CA 92262 and last sold on April 11, 2008 for $2,700,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 43,124 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 357.63% higher than the current median priced home. 1533 N Chaparral Rd was last sold on April 11, 2008 for $2,700,000. Local nearby listings include 20858 Bakal Dr, 7061 Newbury Ave and 7012 Newbury Ave. The average home in Palm Springs, CA is selling in 133 days. There are currently 744 homes for sale in the Palm Springs real estate market and 383 of them are single family homes while 346 of them are condos and 15 are townhomes. If you are the homeowner and looking to sell the home at 1533 N Chaparral Rd 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 1533 N Chaparral Rd

Public county record property details

Beds: --
Baths: --
Year built: 1957
Sq. Ft.: --
Lot Size: 43,124
Stories: 2

Type: Commercial (General)
Pool: No
Spa: No
County: Riverside
Lot#: 1
APN: 507-024-020

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

$780,000

Median List Price/Sq.Ft.

$471

Median Sold Price

$637,500

Median Sold Price/Sq.Ft.

$445

Total Inventory

451

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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