478 W Merito Pl Palm Springs, CA 92262

$2,627,500 Sold Price as of 12/05/2017

4 Beds
4 Baths
5,012 Sq.Ft.

Off Market

$2,627,500 Sold Price as of 12/05/2017 Refinance Your Mortgage

Map preview of 478 W Merito Pl, Palm Springs, CA 92262

Property Overview: 478 W Merito Pl Palm Springs, CA has 4 bedrooms, 4 bathrooms, 5,012 living square feet and 26,571 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

478 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 478 W Merito Pl

Last sold for $2,627,500 on December 5th, 2017

December, 2017
Dec 5, 2017

Date

Sold

CRMLS: 17229758PS

$2,627,500

Price
Oct 25, 2017

Date

Pending

CRMLS: 17229758PS

$2,850,000

Price
Sep 28, 2017

Date

Active Under Contract

CRMLS: 17229758PS

$2,850,000

Price
May 11, 2017

Date

Active

CRMLS: 17229758PS

$2,850,000

Price
Listing provided courtesy of CRMLS

This grand and sprawling Spanish Hacienda Estate is located in the prime location of Old Las Palmas. Walled and gated for privacy and seclusion. This romantic villa radiates the essence of Southern California's coveted lifestyle with open, free and dramatic mountain views. An elegant turret foyer leads you into the main 4 bedrooms/4 bath residence. Living room and dining room with high ceilings and pavers open to the outside terraces. Double master suites with fireplace, one with an inside/outside shower atrium and surrounded by patios, private jacuzzi and majestic mountain views. True to the Hacienda style, Mexican tiles adorn the kitchen, complimenting knotty pine cabinets, butcher block counters, surrounded by more patios and a built-in BBQ/sitting area. Self contained guest house with two bedrooms and one bath. Exquisitely landscaped gardens, swimmers pool, spa, outdoor kitchen and luxurious entertainment pavilion. A rare find.

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December, 2017
Dec 5, 2017

Date

Sold (Public Records)

Public Records

$2,627,500

Price
January, 1997
Jan 29, 1997

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 478 W Merito Pl

Assessed Value (2020): $2,733,649

Year	Land Value	Improved Value	Assessed Value
2020	$956,777	$1,776,872	$2,733,649

About 478 W Merito Pl

Detailed summary of property

478 W Merito Pl is a single family home in Palm Springs, CA 92262 and last sold on December 5, 2017 for $2,627,500. This house has 4 bedrooms, 4 bathrooms, roughly 5,012 living square feet, and sits on an approximately 26,571 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 345.34% higher than the current median priced home. 478 W Merito Pl was last sold on December 5, 2017 for $2,627,500. 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 478 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 478 W Merito Pl

Public county record property details

Beds: 4
Baths: 4
Year built: 1937
Sq. Ft.: 5,012
Lot Size: 26,571
Stories: 1

Type: Single Family Residential
Pool: Yes
Spa: No
County: Riverside
Lot#: 55
APN: 505-292-003

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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