740 E Mel Ave Palm Springs, CA 92262

$785,000 Sold Price as of 04/23/2020

3 Beds
2 Baths
2,165 Sq.Ft.

Off Market

$785,000 Sold Price as of 04/23/2020 Refinance Your Mortgage

Map preview of 740 E Mel Ave, Palm Springs, CA 92262

Property Overview: 740 E Mel Ave Palm Springs, CA has 3 bedrooms, 2 bathrooms, 2,165 living square feet and 16,552 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

740 E Mel Ave 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 740 E Mel Ave

Last sold for $785,000 on April 23rd, 2020

April, 2020
Apr 23, 2020

Date

Sold

CRMLS: 20564570

$785,000

Price
Apr 15, 2020

Date

Pending

CRMLS: 20564570

$850,000

Price
Apr 9, 2020

Date

Price Change

CRMLS: 20564570

$850,000

Price
Mar 18, 2020

Date

Active

CRMLS: 20564570

$949,000

Price
Listing provided courtesy of CRMLS

Price reduced! In prestigious and historic El Mirador, this four bedroom, four bath home is walled and gated for privacy and includes a detached casita. The main house features dual master suites plus a guest bedroom, 3 baths, great room, and a large family room. The casita has a living room, bedroom, and kitchen. This home and the casita are ready to be updated into a gracious estate. Much of the mechanical work is complete, including three new air conditioning zones, tankless water heater, new pool equipment, a newly re-plastered pool, and electrical updates. The mature landscaping of this large (16,553 sq ft) lot is truly stunning. The property is within walking distance of Uptown Design District restaurants, shops, and galleries. Virtual tour link https://www.youtube.com/watch?v=UeQ26yn0tDA (copy and paste link)

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April, 2020
Apr 23, 2020

Date

Sold (Public Records)

Public Records

$785,000

Price
March, 2018
Mar 5, 2018

Date

Sold

CRMLS: 18308692PS

$710,000

Price
Feb 17, 2018

Date

Active Under Contract

CRMLS: 18308692PS

$779,900

Price
Feb 1, 2018

Date

Active

CRMLS: 18308692PS

$779,900

Price
Listing provided courtesy of CRMLS

Famous Palm Springs Movie Colony vacation home. A completely walled prestigious estate property with 1/2 acre of lush gardens providing exquisite Palm Springs mountain views from both the front and backyards. This fine home, located in the historic Movie Colony neighborhood of Palm Springs and includes a formal living room, dining area and a large family room overlooking the pool and spa.The main house includes 2 master suites with full baths, plus a single bedroom and full guest bath.The separate guest quarters include 2 bedrooms, bath and kitchenette. It`s only a short walk to a park with tennis courts and to the Palm Springs downtown area with exquisite shops, restaurants and the fabulous Spa Casino. This home is a perfect place to relax and rejuvenate a lush estate for your pleasure. Currently a Vacation Rental home with approved permit. Buyer to verify all permits and bedrooms.

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March, 2018
Mar 2, 2018

Date

Sold (Public Records)

Public Records

$710,000

Price

Tax History for 740 E Mel Ave

Assessed Value (2020): $738,683

Year	Land Value	Improved Value	Assessed Value
2020	$243,453	$495,230	$738,683

About 740 E Mel Ave

Detailed summary of property

740 E Mel Ave is a single family home in Palm Springs, CA 92262 and last sold on April 23, 2020 for $785,000. This house has 3 bedrooms, 2 bathrooms, roughly 2,165 living square feet, and sits on an approximately 16,552 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 33.05% higher than the current median priced home. 740 E Mel Ave was last sold on April 23, 2020 for $785,000. 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 740 E Mel Ave 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 740 E Mel Ave

Public county record property details

Beds: 3
Baths: 2
Year built: 1937
Sq. Ft.: 2,165
Lot Size: 16,552
Stories: 1

Type: Single Family Residential
Pool: Yes
Spa: No
County: Riverside
Lot#: 28
APN: 507-081-004

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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