1603 Lorena Way Palm Springs, CA 92262

$515,000 Sold Price as of 07/09/2019

4 Beds
2 Baths
1,597 Sq.Ft.

Off Market

$515,000 Sold Price as of 07/09/2019 Refinance Your Mortgage

Map preview of 1603 Lorena Way, Palm Springs, CA 92262

Property Overview: 1603 Lorena Way Palm Springs, CA has 4 bedrooms, 2 bathrooms, 1,597 living square feet and 7,840 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1603 Lorena Way 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 $809,000. The median price per/sqft for Palm Springs is $485. 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 $161,800 for the down payment and will need roughly $16,180 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 $32,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Palm Springs Agent

Sale History for 1603 Lorena Way

Last sold for $515,000 on July 9th, 2019

July, 2019
Jul 10, 2019

Date

Sold

CRMLS: 19468170PS

$515,000

Price
Jun 10, 2019

Date

Active Under Contract

CRMLS: 19468170PS

$540,000

Price
May 19, 2019

Date

Active

CRMLS: 19468170PS

$540,000

Price
Listing provided courtesy of CRMLS

This remodeled 4 bedroom home as been a successful short-term rental since June 2017, having generated over $106,000 to date. No term restrictions as there is no HOA. Home is being sold turn-key furnished. Solar generating panels. Single level living with pool, spa and mountain views on a private cul-de-sac. Use as an investment, 2nd home or primary desert residence.

Continue Reading
July, 2019
Jul 9, 2019

Date

Sold (Public Records)

Public Records

$515,000

Price
March, 2017
Mar 29, 2017

Date

Sold

CRMLS: 16167654PS

$419,000

Price
Jan 7, 2017

Date

Active Under Contract

CRMLS: 16167654PS

$425,000

Price
Oct 26, 2016

Date

Active

CRMLS: 16167654PS

$425,000

Price
Listing provided courtesy of CRMLS

Lush tropical and desert landscaping with fruit and palm trees sets this one apart. Located on a very quite cul-de-sac! $30k of landscaping with updated outside LED lighting in front and back. Very private corner lot with amazing western views of Mt. San Jacinto. Large 2 car attached garage. Gunite pool with spa. No HOA and not on lease land! Contemporary lighting and ceiling fans throughout. Home has 24-hour smart phone security camera monitoring system, as well as smart doorbell with camera and smartphone access. Pool equipment attractively hidden. Fully shaded patio. Updated interior lighting throughout. NEST climate control system. 6 month limited home warranty included. Stainless appliances and much more.

Continue Reading
March, 2017
Mar 29, 2017

Date

Sold (Public Records)

Public Records

$425,000

Price

Tax History for 1603 Lorena Way

Assessed Value (2020): $515,000

Year	Land Value	Improved Value	Assessed Value
2020	$67,500	$447,500	$515,000

About 1603 Lorena Way

Detailed summary of property

1603 Lorena Way is a single family home in Palm Springs, CA 92262 and last sold on July 9, 2019 for $515,000. This house has 4 bedrooms, 2 bathrooms, roughly 1,597 living square feet, and sits on an approximately 7,840 square foot lot. Homes in Palm Springs are selling for a median price of $650,000 and a median price per square foot of $438. Based on Ardent Real Estate Group's Palm Springs Market Data, this home is sold 20.77% lower than the current median priced home. 1603 Lorena Way was last sold on July 9, 2019 for $515,000. Local nearby listings include 25546 Amanda St, 25597 Pacific St and 25226 Court St. The average home in Palm Springs, CA is selling in 105 days. There are currently 919 homes for sale in the Palm Springs real estate market and 474 of them are single family homes while 428 of them are condos and 17 are townhomes. If you are the homeowner and looking to sell the home at 1603 Lorena Way 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 1603 Lorena Way

Public county record property details

Beds: 4
Baths: 2
Year built: 1999
Sq. Ft.: 1,597
Lot Size: 7,840
Stories: 1

Type: Single Family Residential
Pool: Yes
Spa: No
County: Riverside
Lot#: 14
APN: 501-182-021

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

$839,000

Median List Price/Sq.Ft.

$496

Median Sold Price

$760,000

Median Sold Price/Sq.Ft.

$487

Total Inventory

504

Median Sale to List Price %

98.06%

Avg Days on Market

Loan Type

Conventional (14.12%), FHA (1.18%), VA (0%), Cash (44.71%), Other (20%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote