500 W Racquet Club Rd Palm Springs, CA 92262

$770,000 Sold Price as of 03/25/2020

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

Off Market

$770,000 Sold Price as of 03/25/2020 Refinance Your Mortgage

Property Overview: 500 W Racquet Club Rd Palm Springs, CA has -- bedrooms, -- bathrooms, -- living square feet and 13,503 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

500 W Racquet Club 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 $789,999. The median price per/sqft for Palm Springs is $474. 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 $158,000 for the down payment and will need roughly $15,800 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 $38,750. 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 500 W Racquet Club Rd

Last sold for $770,000 on March 25th, 2020

March, 2024
Mar 1, 2024

Date

Expired

CRMLS: NP23230206

$3,100,000

Price
Dec 26, 2023

Date

Active

CRMLS: NP23230206

$3,100,000

Price
Listing provided courtesy of CRMLS

Coast Group is pleased to present 500 West Racquet Club, a newly renovated multifamily property consisting of three separate units, a pool, courtyard, and common area. Located in a highly desirable area just outside downtown Palm Springs and adjacent to restaurants and shops, this property offers a unique opportunity to own a meticulously remodeled space with various potential uses. Currently owner occupied, other possible uses include, but are not limited to, a family compound, personal residence, or short-term rental (subject to Palm Springs approval). 500 West Racquet Club is approximately 3,558 square feet, with the following breakdown: Unit one (1) is a 2-bedroom, 2-bath, Unit two (2) is a 2-bedroom, 2-bath, and Unit three (3) is a 5-bedroom, 2-bath. The property underwent a full renovation in 2023, down to the studs. The owner spared no expense, installing three new AC units and completing an interior remodel with updated flooring, kitchen appliances, and countertops. This property offers a lot of stability for any family, investor, seasoned investor or a 1031 exchange opportunity. Ownership is open to discussing partnership options, financing etc. Don't miss the opportunity to own this outstanding property with limitless potential!"

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January, 2024
Jan 3, 2024

Date

Expired

CRMLS: NP23206322

$2,750,000

Price
Nov 6, 2023

Date

Active

CRMLS: NP23206322

$2,750,000

Price
Listing provided courtesy of CRMLS

Coast Group is pleased to present 500 West Racquet Club, This project is currently under and intensive interior rehabilitation and is set to be completed January 1, 2024.

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December, 2023
Dec 19, 2023

Date

Withdrawn

CRMLS: NP23204170

$2,750,000

Price
Nov 2, 2023

Date

Active

CRMLS: NP23204170

$2,750,000

Price
Listing provided courtesy of CRMLS

Coast Group is pleased to present 500 West Racquet Club, This project is currently under and intensive interior rehabilitation and is set to be completed January 1, 2024.

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March, 2020
Mar 26, 2020

Date

Sold

CRMLS: 219036273PS

$770,000

Price
Feb 20, 2020

Date

Active Under Contract

CRMLS: 219036273PS

$775,000

Price
Feb 12, 2020

Date

Active

CRMLS: 219036273PS

$775,000

Price
Jan 23, 2020

Date

Active Under Contract

CRMLS: 219036273PS

$775,000

Price
Jan 6, 2020

Date

Active

CRMLS: 219036273PS

$775,000

Price
Listing provided courtesy of CRMLS

This mid-century modern, multi-family gem is located just outside of downtown Palm Springs and the historic Racquet Club! Ultra-private compound located in Chino Canyon with amazing mountain views adjacent to Little Tuscany. The property offers nine bedrooms, five baths, three full kitchens (two common), two laundry rooms, pebble tech pool, approximately 3,740 square feet of living space, which sits on an oversized corner lot just under 1/3 of an acre. It is currently being used as a sober living facility. Other uses include: assisted living, boutique hotel or vacation rental (buyer to confirm)--there is incredible upside potential for this property! The Palm Springs market is booming and development is inevitably moving northward. This property is in close proximity to future proposed developments such as The Racquet Club Hotel; Crescendo and Boulders communities; and Art Colony development project. Jump on this North Palm Springs multi-unit opportunity before it's too late! Appointment Only. Drive By Only. Do Not Disturb Tenants.

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March, 2020
Mar 25, 2020

Date

Sold (Public Records)

Public Records

$770,000

Price
April, 2018
Apr 25, 2018

Date

Expired

CRMLS: 17241168PS

$849,000

Price
Apr 24, 2018

Date

Withdrawn

CRMLS: 17241168PS

$849,000

Price
Oct 25, 2017

Date

Active Under Contract

CRMLS: 17241168PS

$849,000

Price
Sep 8, 2017

Date

Price Change

CRMLS: 17241168PS

$849,000

Price
Aug 12, 2017

Date

Price Change

CRMLS: 17241168PS

$899,000

Price
Jul 18, 2017

Date

Active

CRMLS: 17241168PS

$949,000

Price
Jul 5, 2017

Date

Active Under Contract

CRMLS: 17241168PS

$949,000

Price
Jun 14, 2017

Date

Active

CRMLS: 17241168PS

$949,000

Price
Listing provided courtesy of CRMLS

SELLER WANTS IT SOLD!! HUGE PRICE CUT!! - SOBER LIVING, ASSISTED LIVING, MOTEL, VACATION RENTAL - POSSIBILITIES ARE ENDLESS...Private with Mountain Views. 10 Bedroom, 5 Bath, 3 Full Kitchens, 2 Laundry Rooms. This property is situated just outside of Downtown Palm Springs. The newly renovated Ranch Style Multifamily Residential Home has 3300 square feet of living space snuggled around the South facing, New Pebble Tec Pool and Desert Landscape. The East Wing has 5 bedrooms, 2 bathrooms, full kitchen and living room. The West Wing has 4 bedrooms, 2 bathrooms, full kitchen and living room. The Middle Unit has 1 bedroom, 1 bathroom, full kitchen and living room. There are 2 laundry rooms and a fully electrical storage shed. New Roof, New Pebble Tec Pool, New Bathrooms, New Concrete Decking, Upgraded Electrical, New Can Lighting, New HVAC (middle unit), New ducting and many new appliances. NO Neighbors on 3 sides!! A MUST SEE!!

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December, 2015
Dec 18, 2015

Date

Sold (Public Records)

Public Records

$600,000

Price
May, 2015
May 19, 2015

Date

Price Change

CRMLS: 214028652DA

$775,000

Price
Nov 21, 2014

Date

Price Change

CRMLS: 214028652DA

$875,000

Price
Listing provided courtesy of CRMLS

Incredible $100,000 price reduction on this great investment property in North Palm Springs. Central to all the amenities of Palm Springs. Can be used as assisted living or turn into a bed and breakfast or a 3 unit apartment. Property features 9 bedrooms 4 bathrooms, 2 kitchens, pool, fish pond, 2 laundry areas and a picturesque location with incredible mountain views. Not enough? There is an additional 1 bedroom apartment which can be used for a resident manager or owner's unit. Please call agent for details. DO NOT WALK THE PROPERTY OR CONTACT TENANTS.

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Tax History for 500 W Racquet Club Rd

Assessed Value (2020): $649,455

Year	Land Value	Improved Value	Assessed Value
2020	$220,814	$428,641	$649,455

About 500 W Racquet Club Rd

Detailed summary of property

500 W Racquet Club Rd is categorized with a use code of Apartment House (5+ Units) in Palm Springs, CA 92262 and last sold on March 25, 2020 for $770,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 13,503 square foot lot. Homes in Palm Springs are selling for a median price of $775,000 and a median price per square foot of $455. Based on Ardent Real Estate Group's Palm Springs Market Data, this home is sold 0.65% lower than the current median priced home. 500 W Racquet Club Rd was last sold on March 25, 2020 for $770,000. The average home in Palm Springs, CA is selling in 108 days. There are currently 895 homes for sale in the Palm Springs real estate market and 453 of them are single family homes while 426 of them are condos and 16 are townhomes. If you are the homeowner and looking to sell the home at 500 W Racquet Club 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 500 W Racquet Club Rd

Public county record property details

Beds: --
Baths: --
Year built: 1956
Sq. Ft.: --
Lot Size: 13,503
Stories: 1

Type: Apartment House (5+ Units)
Pool: Yes
Spa: No
County: Riverside
Lot#: 48
APN: 504-073-020

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

$839,900

Median List Price/Sq.Ft.

$496

Median Sold Price

$750,000

Median Sold Price/Sq.Ft.

$472

Total Inventory

498

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (15.6%), FHA (2.75%), VA (1.83%), Cash (38.53%), Other (14.68%)

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(714) 706-1823

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