481 W Merito Pl Palm Springs, CA 92262

$1,260,000 Sold Price as of 08/02/2013

5 Beds
5 Baths
4,662 Sq.Ft.

Off Market

$1,260,000 Sold Price as of 08/02/2013 Refinance Your Mortgage

Map preview of 481 W Merito Pl, Palm Springs, CA 92262

Property Overview: 481 W Merito Pl Palm Springs, CA has 5 bedrooms, 5 bathrooms, 4,662 living square feet and 28,314 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

481 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 481 W Merito Pl

Last sold for $1,260,000 on August 2nd, 2013

July, 2018
Jul 5, 2018

Date

Price Change

CRMLS: EV13043747

$1,499,000

Price
Listing provided courtesy of CRMLS

Sprawling Palm Springs estate in highly sought after community of Old Los Palmas. This home is equipped with 5 bedrooms and 6 baths including maid's quarters and guest house all on one level. Lush gardens, water feature, large swimming pool, motorized awnings, 2 fireplaces, and gated estate walls enhance living in this prestigious community. Recently upgraded with corian countertops, painted inside and out, new bathroom in guest house, landscaping enhanced, waterfall with jets at entrance to the home was just completed, new gates, newer roof, and many many more. Sparkling clean and ready to go this home is perfect for entertaining and enjoying the Palm Springs lifestyle.

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August, 2013
Aug 2, 2013

Date

Sold (Public Records)

Public Records

$1,260,000

Price
April, 2013
Apr 26, 2013

Date

Sold (Public Records)

Public Records

$1,275,000

Price

Tax History for 481 W Merito Pl

Assessed Value (2020): $1,412,325

Year	Land Value	Improved Value	Assessed Value
2020	$494,313	$918,012	$1,412,325

About 481 W Merito Pl

Detailed summary of property

481 W Merito Pl is a single family home in Palm Springs, CA 92262 and last sold on August 2, 2013 for $1,260,000. This house has 5 bedrooms, 5 bathrooms, roughly 4,662 living square feet, and sits on an approximately 28,314 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 113.56% higher than the current median priced home. 481 W Merito Pl was last sold on August 2, 2013 for $1,260,000. 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 481 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 481 W Merito Pl

Public county record property details

Beds: 5
Baths: 5
Year built: 1936
Sq. Ft.: 4,662
Lot Size: 28,314
Stories: 1

Type: Single Family Residential
Pool: Yes
Spa: No
County: Riverside
Lot#: 56
APN: 505-294-001

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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