197 W Merito Pl Palm Springs, CA 92262

$625,000 Sold Price as of 11/15/2018

2 Beds
3 Baths
1,426 Sq.Ft.

Off Market

$625,000 Sold Price as of 11/15/2018 Refinance Your Mortgage

Map preview of 197 W Merito Pl, Palm Springs, CA 92262

Property Overview: 197 W Merito Pl Palm Springs, CA has 2 bedrooms, 3 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

197 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 197 W Merito Pl

Last sold for $625,000 on November 15th, 2018

November, 2018
Nov 15, 2018

Date

Sold (Public Records)

Public Records

$625,000

Price
November, 2014
Nov 24, 2014

Date

Price Change

CRMLS: 21483115DA

$375,000

Price
Listing provided courtesy of CRMLS

Palm Springs Modern with the forever classic and dramatic Folded Plate roofline-units designed by Architect Barry Berkus-You own the land, no land lease-This condo sits between the popular Trio restaurant and Koffi North in prestigeous Old Las Palmas-in the 10 unit Merito Manor-It features all tile flooring 2 bedrooms + den (could be 3) and 2 baths-it also has the original stove pipe range hood, rock island bar, reeded shoji panels available and very cool details galore-the outdoor patio faces south and stretches almost 40 feet with spectacular mountain views-also has two storage closets-nice landscaping-love this home the way it is or take it to the next level-the complex has a central courtyard with pool, greenbelts, fruit trees and shuffleboard-this is the type of place you will stop in for the weekend and stay for a lifetime. It's totally cool! Really cool!

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January, 2014
Jan 27, 2014

Date

Sold (Public Records)

Public Records

$355,000

Price

Tax History for 197 W Merito Pl

Assessed Value (2020): $637,500

Year	Land Value	Improved Value	Assessed Value
2020	$159,120	$478,380	$637,500

About 197 W Merito Pl

Detailed summary of property

197 W Merito Pl is a condominium in Palm Springs, CA 92262 and last sold on November 15, 2018 for $625,000. This condo has 2 bedrooms, 3 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 5.93% higher than the current median priced home. 197 W Merito Pl was last sold on November 15, 2018 for $625,000. 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 197 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 197 W Merito Pl

Public county record property details

Beds: 2
Baths: 3
Year built: 1961
Sq. Ft.: 1,426
Lot Size: 2,178
Stories: 1

Type: Condominium Unit (Residential)
Pool: No
Spa: No
County: Riverside
Lot#: 6
APN: 505-302-017

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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