540 E The Palms St Palm Springs, CA 92262

$760,000 Sold Price as of 05/10/2017

2 Beds
1 Baths
1,989 Sq.Ft.

Off Market

$760,000 Sold Price as of 05/10/2017 Refinance Your Mortgage

Map preview of 540 E The Palms St, Palm Springs, CA 92262

Property Overview: 540 E The Palms St Palm Springs, CA has 2 bedrooms, 1 bathrooms, 1,989 living square feet and 11,325 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

540 E The Palms St 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 540 E The Palms St

Last sold for $760,000 on May 10th, 2017

May, 2017
May 19, 2017

Date

Sold

CRMLS: 17219086PS

$760,000

Price
Apr 11, 2017

Date

Active Under Contract

CRMLS: 17219086PS

$765,000

Price
Apr 7, 2017

Date

Active

CRMLS: 17219086PS

$765,000

Price
Listing provided courtesy of CRMLS

Welcome to 540 E The Palms. Tucked away on a quite Cul-de-Sac. This Ultra Private Mid Century Ranch style home is the perfect Palm Springs Pad. Home abounds in an incredible amount of space hosting two living room spaces, and sizable bedrooms. The oversized lot offers a massive backyard with mature landscaping and direct unobstructed mountain views. Lots of parking in the two car garage or spacious circular drive! Many improvements made less than 4 years ago include, new roof, electric car charging station, salt water pool and equipment, fire pit, energy efficient windows throughout whole house, modern blinds, carpet, new security systems and security lights, and keyless entry. Kitchen is open to dinning area with big windows opening to the back yard and lots of cabinet space! Enjoy being able to walk to uptown design districts popular new restaurants. Rich in Hollywood history. The entire block of E The Palms was once know to be the residences of the Warner Bros Family.

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May, 2017
May 10, 2017

Date

Sold (Public Records)

Public Records

$760,000

Price
May, 2006
May 19, 2006

Date

Sold (Public Records)

Public Records

$785,000

Price

Tax History for 540 E The Palms St

Assessed Value (2020): $806,516

Year	Land Value	Improved Value	Assessed Value
2020	$266,150	$540,366	$806,516

About 540 E The Palms St

Detailed summary of property

540 E The Palms St is a single family home in Palm Springs, CA 92262 and last sold on May 10, 2017 for $760,000. This house has 2 bedrooms, 1 bathrooms, roughly 1,989 living square feet, and sits on an approximately 11,325 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 28.81% higher than the current median priced home. 540 E The Palms St was last sold on May 10, 2017 for $760,000. 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 540 E The Palms St 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 540 E The Palms St

Public county record property details

Beds: 2
Baths: 1
Year built: 1955
Sq. Ft.: 1,989
Lot Size: 11,325
Stories: 1

Type: Single Family Residential
Pool: Yes
Spa: No
County: Riverside
Lot#: --
APN: 507-030-028

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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