181 W Merito Pl Palm Springs, CA 92262

$401,500 Sold Price as of 01/22/2015

2 Beds
1 Baths
1,426 Sq.Ft.

Off Market

$401,500 Sold Price as of 01/22/2015 Refinance Your Mortgage

Map preview of 181 W Merito Pl, Palm Springs, CA 92262

Property Overview: 181 W Merito Pl Palm Springs, CA has 2 bedrooms, 1 bathrooms, 1,426 living square feet and 2,178 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

181 W Merito Pl 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 181 W Merito Pl

Last sold for $401,500 on January 22nd, 2015

January, 2015
Jan 22, 2015

Date

Sold (Public Records)

Public Records

$401,500

Price
December, 2014
Dec 7, 2014

Date

Price Change

CRMLS: 14802723PS

$398,000

Price
Oct 17, 2014

Date

Price Change

CRMLS: 14802723PS

$415,000

Price
Listing provided courtesy of CRMLS

Designed by renowned architect Barry Berkus, Merito Manor is an architectural gem, in the heart of Old Las Palmas. This updated unit features an iconic folded panel roof line, remodeled kitchen, two large bedrooms, two updated baths, den, private patio, and additional bonus spaces. The kitchen, with its walk around island, is both expansive and inviting. Ceiling level windows provided lots of natural light. The original rock-clad bar has been updated, working as an extension of the kitchen. The large living room looks over the private, south facing patio with mountain views. There is also a large open den, as well as a bonus media lounge. The unit even has its own washer and dryer. The front entry exits to the common grounds. There you can enjoy the heated community pool, shuffle board court, manicured yards, and fire pit area. The perfect Palm Springs retreat, live here and live around the corner from Uptown's shopping and restaurants.

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June, 2014
Jun 3, 2014

Date

Price Change

CRMLS: 13715123PS

$410,000

Price
Oct 31, 2013

Date

Price Change

CRMLS: 13715123PS

$425,000

Price
Listing provided courtesy of CRMLS

PRICE REDUCED! - This beautiful Palm Springs Merito Manor Modern condo features 2 spacious bedrooms plus den (can be 3rd bedroom) and 2 bathrooms. The condo is upgraded to modern standards, Solid Surface counters, newer cabinets, updated bathrooms. Includes in unit W/D and community laundry facilities. Fabulous private patio with mountain views facing southwest. Bonus space includes a sitting room, TV Family room and a den that can easily be converted to a 3rd bedroom. Bonus square footage was added over part of the original patio and is sold as-is. Classic and dramatic Folded Plate roof line - designed by Architect Barry Berkus-1/2 block from Trio restaurant and Koffi. In prestigious Old Las Palmas. Complex of 10 units, community pool. Features greenbelts, fruit trees and shuffleboard. This cash generating condo has good rental history as a vacation rental. This is the finest unit to become available in this desirable downtown location. Fee Land

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June, 1998
Jun 26, 1998

Date

Sold (Public Records)

Public Records

$72,500

Price

Tax History for 181 W Merito Pl

Assessed Value (2021): $440,862

Year	Land Value	Improved Value	Assessed Value
2021	$109,891	$330,971	$440,862

About 181 W Merito Pl

Detailed summary of property

181 W Merito Pl is a condominium in Palm Springs, CA 92262 and last sold on January 22, 2015 for $401,500. This condo has 2 bedrooms, 1 bathrooms, roughly 1,426 living square feet, and sits on an approximately 2,178 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 31.95% lower than the current median priced home. 181 W Merito Pl was last sold on January 22, 2015 for $401,500. Local nearby listings include 1225 Hardt St, 8257 Gardenia Vista Rd and 7061 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 181 W Merito Pl 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 181 W Merito Pl

Public county record property details

Beds: 2
Baths: 1
Year built: 1965
Sq. Ft.: 1,426
Lot Size: 2,178
Stories: 1

Type: Condominium Unit (Residential)
Pool: No
Spa: No
County: Riverside
Lot#: 8
APN: 505-302-019

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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