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597 N Orchid Tree Ln, Palm Springs, CA 92262

Sale Price: $535,000
Nov 15, 20241,325 sqft3 beds2 baths
Listed by: Scott Timberlake
License #: 01257645
Phone #: (760) 333-7578
Realty Trust
Source:
CRMLS Logo
MLS #: 219120019PS

Property Description

This property is a complete ''fixer'' in a stable neighborhood. Extended land lease through 2066 is being finalized now. City of Palm Springs has ''tagged'' the home inhabitable. Public tax records do not show home sf (floor plan in photos) or Lot size (est. 10,000 sf). Year built is an estimate only. Lot layout attached with property line description and photo. Buyers need to survey or measure for themselves. The home as been vacant for more than 10 years. Is it being sold as is, where is with no warranties expressed or implied. Let your imagination take over, good floor plan, large yard at the end of a cul-de-sac. No utilities are on. Will make an attempt to activate electric meter with city, no guarantees.The neighborhood supports other leasehold homes in the neighborhood for $750,000 and up. The current tax assessment is $711,000, current condition has not been taken into consideration. Safety Issues and Waiver posted on the door. Do not remove, read notices before entering. Recent roof bid $12,000. Property will not qualify for financing, must be cash offers. Assuming multiple offers are received, sellers will determine which to accept and provide the closing timeline for a new owner. Must rely 100% on buyers own due diligence to purchase this property. The location, upside and potential is waiting for a new owner. Exceptional San Jacinto mountain view lot ready to renovate. Priced well within the market. OFFERS RECEIVED. Submit Highest and Best. Deadline 1/30, 5pm.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$12,438

TurboHome Estimated Value

$657,100

$496 sqft

High Valuation
$689,955
$521/sqft
Normal Valuation
$657,100
$496/sqft
Low Valuation
$624,245
$471/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$496/sqft$657,100

Neighborhood: Sun Villas

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Comparative Value

$410K

$485K

$535K

$765K

$800K

$889K

600 N Palomar Cir, Palm Springs, CA 92262

Sale Price: $410,000

Selected Comparable

597 N Orchid Tree Ln, Palm Springs, CA 92262

List Price: $485,000

Subject Property

597 N Orchid Tree Ln, Palm Springs, CA 92262

Sale Price: $535,000

Selected Comparable

625 N Juanita Dr, Palm Springs, CA 92262

Sale Price: $765,000

Selected Comparable

1979 E Alejo Rd, Palm Springs, CA 92262

Sale Price: $800,000

Selected Comparable

521 N Monterey Rd, Palm Springs, CA 92262

Sale Price: $889,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
597 N Orchid Tree Ln, Palm Springs, CA 92262

597 N Orchid Tree Ln, Palm Springs, CA 92262

List: $485,000

Listed: 11/15/2024

Area:1,325 sqft
Price/sqft:$366
Beds:3
Baths:2
Year Built:
Lot Size:10,080

Comparable Properties

COMPARABLE
Choose comps
625 N Juanita Dr, Palm Springs, CA 92262

625 N Juanita Dr, Palm Springs, CA 92262

Sale: $765,000

7/24/20250.15 mi

Area:1,360 sqft
Price/sqft:$563
Beds:3
Baths:2
Year Built:
Weight:21.1%
600 N Palomar Cir, Palm Springs, CA 92262

600 N Palomar Cir, Palm Springs, CA 92262

Sale: $410,000

7/31/20250.27 mi

Area:1,387 sqft
Price/sqft:$296
Beds:3
Baths:2
Year Built:
Weight:20.6%
597 N Orchid Tree Ln, Palm Springs, CA 92262

597 N Orchid Tree Ln, Palm Springs, CA 92262

Sale: $535,000

11/15/20240.00 mi

Area:1,325 sqft
Price/sqft:$404
Beds:3
Baths:2
Year Built:
Weight:19.7%
521 N Monterey Rd, Palm Springs, CA 92262

521 N Monterey Rd, Palm Springs, CA 92262

Sale: $889,000

5/19/20250.09 mi

Area:1,451 sqft
Price/sqft:$613
Beds:3
Baths:2
Year Built:
Weight:19.5%
1979 E Alejo Rd, Palm Springs, CA 92262

1979 E Alejo Rd, Palm Springs, CA 92262

Sale: $800,000

5/8/20250.30 mi

Area:1,444 sqft
Price/sqft:$554
Beds:3
Baths:2
Year Built:
Weight:19.1%

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