860 E Mel Ave Palm Springs, CA 92262

$972,000 Sold Price as of 05/24/2016

4 Beds
4 Baths
3,930 Sq.Ft.

Off Market

$972,000 Sold Price as of 05/24/2016 Refinance Your Mortgage

Map preview of 860 E Mel Ave, Palm Springs, CA 92262

Property Overview: 860 E Mel Ave Palm Springs, CA has 4 bedrooms, 4 bathrooms, 3,930 living square feet and 14,810 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

860 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 860 E Mel Ave

Last sold for $972,000 on May 24th, 2016

May, 2016
May 24, 2016

Date

Sold (Public Records)

Public Records

$972,000

Price
November, 2015
Nov 30, 2015

Date

Price Change

CRMLS: 15941905PS

$999,999

Price
Sep 21, 2015

Date

Price Change

CRMLS: 15941905PS

$1,099,000

Price
Listing provided courtesy of CRMLS

Spacious and bright El Mirador gated contemporary home. A natural vacation rental given its proximity to downtown and its inviting resort style backyard, complete w/mountain views, pool & spa, fire pit w/seating areas, full length patio and palm & citrus trees! The generous master offers two walk in closets, fireplace, separate bath vanities & dual everything! You'll find plantation shutters & loads of storage throughout the home, as well as 3 additional en suite guest bedrooms, and a powder room. A large formal dining room is open to the living room with its fireplace & bar. The open plan concept extends to the family room and the kitchen with island and breakfast nook. You'll hear rave reviews from your delighted guests! And no power lines to detract from the magic! All furnishings are available.

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June, 2015
Jun 5, 2015

Date

Price Change

CRMLS: 15880139PS

$1,099,000

Price
Mar 20, 2015

Date

Price Change

CRMLS: 15880139PS

$1,149,000

Price
Feb 25, 2015

Date

Price Change

CRMLS: 15880139PS

$1,225,000

Price
Listing provided courtesy of CRMLS

$50,000 Price Reduction! There's lots of room to ramble in this private gated home. Desert landscape and palms usher you to the double door entry and into the living room w/fireplace, big open formal dining room, and step-down wet bar. Plantation shutters run throughout the home, letting you control the light. The west wing holds a big master retreat w/fireplace and a sprawling bath with double everything - shower, toilets, walk-in closets, separated vanities. Two additional ensuite bedrooms and a powder room share the wing. The kitchen is open to a family room and generous dining nook, sunny and cheerful. The east wing has an oversized laundry room w/sink & loads of cabinetry, and a 4th ensuite bedroom w/sliders to the yard. Storage is rampant everywhere! Outdoors, mature palm trees,a massive covered patio w/seating areas, fire pit, pool & raised waterfall spa, flagstone lounging area, grassy yard with all the citrus you'll need for an evening cocktail. And, NO visible power lines!

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May, 2005
May 18, 2005

Date

Sold (Public Records)

Public Records

$1,075,000

Price

Tax History for 860 E Mel Ave

Assessed Value (2020): $1,052,121

Year	Land Value	Improved Value	Assessed Value
2020	$347,198	$704,923	$1,052,121

About 860 E Mel Ave

Detailed summary of property

860 E Mel Ave is a single family home in Palm Springs, CA 92262 and last sold on May 24, 2016 for $972,000. This house has 4 bedrooms, 4 bathrooms, roughly 3,930 living square feet, and sits on an approximately 14,810 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 64.75% higher than the current median priced home. 860 E Mel Ave was last sold on May 24, 2016 for $972,000. 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 860 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 860 E Mel Ave

Public county record property details

Beds: 4
Baths: 4
Year built: 1998
Sq. Ft.: 3,930
Lot Size: 14,810
Stories: 1

Type: Single Family Residential
Pool: Yes
Spa: No
County: Riverside
Lot#: 2
APN: 507-081-007

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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