2255 N Milo Dr Palm Springs, CA 92262

$920,000 Sold Price as of 10/31/2018

4 Beds
3 Baths
4,130 Sq.Ft.

Off Market

$920,000 Sold Price as of 10/31/2018 Refinance Your Mortgage

Map preview of 2255 N Milo Dr, Palm Springs, CA 92262

Property Overview: 2255 N Milo Dr Palm Springs, CA has 4 bedrooms, 3 bathrooms, 4,130 living square feet and 12,632 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2255 N Milo Dr 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 2255 N Milo Dr

Last sold for $920,000 on October 31st, 2018

November, 2018
Nov 1, 2018

Date

Sold

CRMLS: 218023148DA

$920,000

Price
Oct 21, 2018

Date

Pending

CRMLS: 218023148DA

$898,000

Price
Sep 26, 2018

Date

Active Under Contract

CRMLS: 218023148DA

$898,000

Price
Aug 20, 2018

Date

Active

CRMLS: 218023148DA

$898,000

Price
Listing provided courtesy of CRMLS

WOW! Exceptionally well-priced 4130 sq ft home. Here is your opportunity to own a wonderful income producing vacation home. With 6 bedroom and 5 bathrooms you will have room for everyone. Lower level would make a great mother-in-law suite. Impressive Vista Views from this amazing updated paradise getaway. Front loading pool/spa area offers an amazing view of the valley below. The main level features; a remodeled kitchen with stainless steel appliances, formal dining area, full size wet bar and a spacious living room. 4 of the 6 bedrooms are also on this level. The master suite opens to the pool/spa area and features a walk-in closet and an amazing en suite with dual vanity and walk-in shower. The second bedroom is also an en suite. Bedrooms 3 and 4 share a split bathroom, with separate vanity areas for each. Lower level is a huge a media/game room with a wet bar, new tile floor a full bath and 2 bedrooms. Currently on track to gross $100,000+ in rental income.

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October, 2018
Oct 31, 2018

Date

Sold (Public Records)

Public Records

$920,000

Price
July, 2018
Jul 10, 2018

Date

Expired

CRMLS: 218014518DA

$1,098,000

Price
May 9, 2018

Date

Active

CRMLS: 218014518DA

$1,098,000

Price
Listing provided courtesy of CRMLS

Currently operating as a successful vacation rental with YTD gross income at $72,000 with an additional $23,000+ in future rentals. Impressive Vista Views from this amazing 4000+ square foot remodeled paradise getaway. Front loading pool/spa offers an amazing view of the valley below. The main level features; new flooring, remodeled kitchen with stainless steel appliances, formal dining area, full size wet bar and a spacious living room. Four of the six bedrooms are also on this level. The master suite opens to the pool/spa area and features a walk-in closet and an amazing new en suite with dual vanity and walk-in shower. The second bedroom also features a new en suite. Third and fourth bedrooms share a split bathroom, with separate vanity areas for each. Lower level is a huge a media/game room with new tile floor a full bath and 2 bedrooms. The oversize garage has a door that opens to the newly sodded back yard, perfect for volleyball, croquet, badminton. Don't miss this opportunity!

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April, 2018
Apr 6, 2018

Date

Expired

CRMLS: 218000826DA

$1,198,000

Price
Jan 7, 2018

Date

Active

CRMLS: 218000826DA

$1,198,000

Price
Listing provided courtesy of CRMLS

Impressive Vista Views from this amazing 4000 + square foot remodeled paradise getaway. If you enjoy entertaining, this is the home for you. Front loading pool/spa offers an amazing view of the valley below. The main level features; new flooring, remodeled kitchen with stainless steel appliances, formal dining area, full size wet bar and a spacious living room. Four of the six bedrooms are also on this level. The master suite opens to the pool/spa area and features a walk-in closet and an amazing new en suite with dual vanity and walk-in shower. The second bedroom also features a new en suite. Third and fourth bedrooms share a split bathroom, with separate vanity areas for each. Lower level is a huge a media/game room with new tile floor a full bath and 2 bedrooms. The oversize garage opens to the back yard. New retaining wall and all improvements have been done with permits. Home currently leases as a vacation rental.

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April, 2017
Apr 17, 2017

Date

Expired

CRMLS: 217001950DA

$1,398,000

Price
Jan 23, 2017

Date

Hold

CRMLS: 217001950DA

$1,398,000

Price
Jan 16, 2017

Date

Active

CRMLS: 217001950DA

$1,398,000

Price
Listing provided courtesy of CRMLS

Stunning Vista Views from this amazing remodeled paradise getaway. If you enjoy entertaining, this is the home for you. The main level features; new hardwood flooring thought-out, remodeled kitchen with stainless steel appliances, formal dining area, full size wet bar and spacious living room. Four of the six bedrooms are also on this level. Master bedroom opens to the pool area and features a walk-in closet and an amazing new bathroom. Second bedroom on suite is new. Third and fourth bedrooms share a split bathroom, with separate vanity areas for each. Lower level is a huge media/game room with a full bath and 2 bedrooms. The oversized garage opens to the back yard with Beach Volleyball and Bocce courts. Home currently leases as a vacation rental. Projected gross rental income approx $160k, see attachment. Shown by appointment only.

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June, 2015
Jun 16, 2015

Date

Sold (Public Records)

Public Records

$685,000

Price
May, 2015
May 13, 2015

Date

Price Change

CRMLS: 15896613PS

$745,000

Price
Apr 15, 2015

Date

Price Change

CRMLS: 15896613PS

$795,000

Price
Listing provided courtesy of CRMLS

Vista view home located in Chino Canyon offers five bedrooms and four bathrooms. Enjoy the captivating views from the front loaded pool and spa with several entertainment / sitting areas. Inside you will find a double door entry, full wet bar perfect for entertaining and open floor plan. The two master suites are located on upper level with all of your daily amenities present. There is also a third bedroom currently being used as a card game room. The open kitchen flows nicely into the dining and sitting area for ease of serving. Downstairs is a large media / game room, two more bedrooms, full bathroom and laundry. The home has three zones and two evaporative coolers for added efficiency. This property would make a profitable vacation rental or investment property based on size, beds and baths and location.

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Tax History for 2255 N Milo Dr

Assessed Value (2020): $938,400

Year	Land Value	Improved Value	Assessed Value
2020	$76,500	$861,900	$938,400

About 2255 N Milo Dr

Detailed summary of property

2255 N Milo Dr is a single family home in Palm Springs, CA 92262 and last sold on October 31, 2018 for $920,000. This house has 4 bedrooms, 3 bathrooms, roughly 4,130 living square feet, and sits on an approximately 12,632 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 55.93% higher than the current median priced home. 2255 N Milo Dr was last sold on October 31, 2018 for $920,000. 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 2255 N Milo Dr 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 2255 N Milo Dr

Public county record property details

Beds: 4
Baths: 3
Year built: 1991
Sq. Ft.: 4,130
Lot Size: 12,632
Stories: 2

Type: Single Family Residential
Pool: Yes
Spa: No
County: Riverside
Lot#: 13
APN: 504-161-005

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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