950 N Indian Canyon Dr Palm Springs, CA 92262

$6,150,000 Sold Price as of 12/31/2013

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

Off Market

$6,150,000 Sold Price as of 12/31/2013 Refinance Your Mortgage

Map preview of 950 N Indian Canyon Dr, Palm Springs, CA 92262

Property Overview: 950 N Indian Canyon Dr Palm Springs, CA has -- bedrooms, -- bathrooms, -- living square feet and 40,510 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

950 N Indian Canyon Dr 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 950 N Indian Canyon Dr

Last sold for $6,150,000 on December 31st, 2013

November, 2023
Nov 17, 2023

Date

Expired

CRMLS: 219097550PS

$15,000,000

Price
Jul 17, 2023

Date

Active

CRMLS: 219097550PS

$15,000,000

Price
Listing provided courtesy of CRMLS

Now offering for sale an incredible investment opportunity in Palm Springs featuring the 7 Springs Inn & Suites Hotel! This stunning mid-century modern property boasts 50 stylish rooms, and with recent renovations, this property combines the iconic design of the era with modern amenities and comforts.Adjacent to the Uptown Design District and a short walk to the heart of many top restaurants, shops, and landmarks, this location attracts all guests wanting to experience the best of Palm Springs. As you enter the hotel you'll see the iconic orange arches, which lead to a bright and airy lobby that sets the tone for the rest of the property. Step outside and you'll find two amazing common areas with lush greens, beautiful architecture, ample outdoor entertainment areas, and two pools!The spacious rooms feature a blend of vintage and contemporary decor, with pops of color and unique accents that make each one feel like a true oasis. Split between two floors, rooms feature either one or two beds, a sitting/office area, either a kitchenette or a full kitchen, and some even have private balconies overlooking pool or mountain views.With beautiful grounds and 50 rooms, this hotel has amazing earning potential with lots of upside for any investor. Whether it's booking rooms out on a traditional hotel model, marketing them on Airbnb (as this property is exempt from many Palm Springs STR restrictions), or hosting events for large personal/corporate parties.

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December, 2013
Dec 31, 2013

Date

Sold (Public Records)

Public Records

$6,150,000

Price
December, 2002
Dec 24, 2002

Date

Sold (Public Records)

Public Records

$638,000

Price

Tax History for 950 N Indian Canyon Dr

Assessed Value (2020): $5,376,931

Year	Land Value	Improved Value	Assessed Value
2020	$907,922	$4,469,009	$5,376,931

About 950 N Indian Canyon Dr

Detailed summary of property

950 N Indian Canyon Dr is categorized with a use code of Commercial (General) in Palm Springs, CA 92262 and last sold on December 31, 2013 for $6,150,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 40,510 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 942.37% higher than the current median priced home. 950 N Indian Canyon Dr was last sold on December 31, 2013 for $6,150,000. Local nearby listings include 1225 Hardt St, 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 950 N Indian Canyon Dr 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 950 N Indian Canyon Dr

Public county record property details

Beds: --
Baths: --
Year built: 1968
Sq. Ft.: --
Lot Size: 40,510
Stories: 2

Type: Commercial (General)
Pool: No
Spa: No
County: Riverside
Lot#: 1
APN: 507-151-009

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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(714) 706-1823

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