471 E Cottonwood Rd Palm Springs, CA 92262

$1,498,000 Sold Price as of 01/30/2018

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

Off Market

$1,498,000 Sold Price as of 01/30/2018 Refinance Your Mortgage

Map preview of 471 E Cottonwood Rd, Palm Springs, CA 92262

Property Overview: 471 E Cottonwood Rd Palm Springs, CA has -- bedrooms, -- bathrooms, -- living square feet and 10,454 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

471 E Cottonwood 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 $718,000. 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 $143,600 for the down payment and will need roughly $14,360 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 471 E Cottonwood Rd

Last sold for $1,498,000 on January 30th, 2018

January, 2018
Jan 31, 2018

Date

Sold

CRMLS: 17286942

$798,000

Price
Jan 7, 2018

Date

Pending

CRMLS: 17286942

$749,000

Price
Nov 6, 2017

Date

Active

CRMLS: 17286942

$749,000

Price
Listing provided courtesy of CRMLS

This is a true trophy property.Classic Art Deco Compound completely renovated on huge lot. Renovated kitchens with new granite counters , all new appliances , all new lighting, new window treatments,each unit with all new tile floors throughout, bathrooms renovated as well. Each unit has its own private patio.Units are good size and one unit is a free standing home with no adjoining walls. Ideal for owner user. New roof , most units with new water heaters , all new desert landscape , auto sprinklers , pool , all new stand alone cabana, as well as newer patio furniture. Each unit has two car side by side parking on the newly paved parking lot. Its just doesn't get any better then this building.Must be sold with 501 Cottonwood.Definite upside in rents.This building qualifies for 1-4 res financing or you can do 8 unit commercial financing.

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January, 2018
Jan 30, 2018

Date

Sold (Public Records)

Public Records

$1,498,000

Price
December, 2017
Dec 27, 2017

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 471 E Cottonwood Rd

Assessed Value (2020): $779,259

Year	Land Value	Improved Value	Assessed Value
2020	$156,060	$623,199	$779,259

About 471 E Cottonwood Rd

Detailed summary of property

471 E Cottonwood Rd is categorized with a use code of Apartment House (5+ Units) in Palm Springs, CA 92262 and last sold on January 30, 2018 for $1,498,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 10,454 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 153.9% higher than the current median priced home. 471 E Cottonwood Rd was last sold on January 30, 2018 for $1,498,000. Local nearby listings include 20858 Bakal Dr, 7061 Newbury Ave and 7012 Newbury Ave. The average home in Palm Springs, CA is selling in 130 days. There are currently 769 homes for sale in the Palm Springs real estate market and 397 of them are single family homes while 358 of them are condos and 14 are townhomes. If you are the homeowner and looking to sell the home at 471 E Cottonwood 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 471 E Cottonwood Rd

Public county record property details

Beds: --
Baths: --
Year built: 1976
Sq. Ft.: --
Lot Size: 10,454
Stories: 1

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Riverside
Lot#: 28
APN: 507-023-003

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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