5 months on rocket

505 E Molino Rd, Palm Springs, CA, 92262

$1,249,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
2,256 SqFt
$554/SqFt
House

Location

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505 E Molino Rd, Palm Springs$1,249,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage2 spaces
Year Built1963
HeatingCentral
CoolingCentral Air
FireplaceElectric, Living Room, Primary Bedroom
ViewMountain(s), Pool
Private PoolYes
MLS #24395059
Lot Size0.25 Acres
StatusActive

About 505 E Molino Rd

***Motivated Seller ***Old Hollywood Retreat in the Desert! Stunning Pool Home - Writer's Haven**Nestled in the prestigious Racquet Club Estates, this exquisite property was developed by the renowned Alexander Construction Company and Krisel between 1959 and 1962, known for attracting Old Hollywood's elite. Originally built in 1963, this home has been thoughtfully updated with luxurious, high-end finishes.Feng Shui and Vastu enthusiasts will appreciate the harmonious energy flow, with the main entrance facing west and the pool positioned to the north, fostering an atmosphere of growth and happiness. The master ensuite boasts a cozy lounge area, a spacious walk-in closet, and an electric fireplace. The opulent master bath features a generous walk-in shower, a serene soaking Zen tub, and a striking vanity.Two additional bedrooms are thoughtfully designed with space for flat-screen TVs and study desks, complemented by large windows that flood the rooms with natural light and showcase a beautiful olive tree. A new stackable washer and dryer are conveniently located behind a shutter door in the hallway.The Italian azure-tiled bathroom includes a double sink vanity and a luxurious combo tub and shower. The expansive living room is highlighted by an electric wall fireplace, while a private office with its own entrance enhances the home's versatility.Recent upgrades include a new garage door, epoxy flooring, and ceiling fans throughout. The kitchen is a chef's dream, equipped with high-end white opaque Samsung appliances, a wine refrigerator, custom Mystique Blue cabinets, quartz countertops, and elegant pearl white 2x4 Hendrix tiles.Security features include a Ring doorbell camera, solar-powered wireless security cameras, solar-lit fence caps, a new irrigation system, and beautifully landscaped Ficus trees with climbing jasmine.Step into the expansive backyard, where you'll find a custom BBQ, tiled patio, mini refrigerator, quartz bar counters, a wood-panel patio covering, an outdoor shower, a newly plastered pool, a pergola, a fire pit, and stunning landscaping making it the perfect oasis for relaxation and entertainment.

Property Details

Property Features

Property Information:

  • Architectural Style: Mid-Century Modern
  • Year Built: 1963
  • Stories: 1
  • Living Area: 2,256 SqFt

Listing Office:

  • Office Name: Realty Source Incorporated
  • Office Phone: (877) 449-7653
  • Listing Agent: Alizabeth James

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Dryer
  • Flooring Type: Tile
  • Interior: Beamed Ceilings, Breakfast Bar, Ceiling Fan(s), Separate/Formal Dining Room, Open Floorplan, Recessed Lighting
  • Fireplace: Electric, Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Mountain(s), Pool

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Lawn, Landscaped
  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Indian Canyon DR to East Simms Rd, make left on E. Simms Rd, turn right on E. Molino Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,249,000
  • Price Per SqFt: $554/SqFt

Tax Information:

  • Annual Amount: $6,945
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Palm Springs, CA.

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Palm Springs, CA

City

Med. Sold Price

$647K

Med. Price/SqFt

$422

Avg. Days On Market

57

# of Sold Homes

90

505 E Molino Rd vs Palm Springs

161 DAYS ON ROCKET

+104 Days

$1,249,000

+$602K More

$554/SqFt

+$132 More

KEY TAKEAWAY

This property is $602K more than the Median Sold Price and $132/SqFt more than other homes in Palm Springs, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24395059

Listing Office:

  • Office Name: Realty Source Incorporated
  • Office Phone: (877) 449-7653
  • Listing Agent: Alizabeth James

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 10:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 31, 2006Home Sold
$156,000
Jan 26, 2001Home Sold
$156,000
Jan 30, 1991Home Sold
$55,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,945$542,865
2020$6,945$537,300
2018$6,699$516,438
2017$5,402$484,000

History based on county public records data.

Payment Calculator

$6,301

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,811

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-466532
4
/10

  • Vista Del Monte Elementary School

  • 2744 N Via Miraleste

  • 0.26 miles

  • Public District Grades KG-5

school-card-donut-466533
5
/10

  • Katherine Finchy Elementary School

  • 777 E Tachevah Dr

  • 1.52 miles

  • Public District Grades KG-5

school-card-donut-466534
6
/10

  • Cahuilla Elementary School

  • 833 E Mesquite Ave

  • 3.50 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,309. Typical income of Palm Springs, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 E Molino Rd

What is the listing price of this property?

The listing price of 505 E Molino Rd property is $1,249,000.

What type of property is this?

The property 505 E Molino Rd is a house located in Palm Springs, California, 92262.

Is this property for sale now?

Active Listing: 505 E Molino Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,945 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 31, 2006 for $156,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 505 E Molino Rd has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 505 E Molino Rd is 2,256 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 E Molino Rd is 1963.

Rocket Homes›California›Riverside County›Palm Springs›92262›505 E Molino Rd

This home is located at 505 E Molino Rd in Palm Springs, CA and zip code 92262 in the Racquet Club Estates neighborhood. This 2,256 square foot home, which was built in 1963, sits on a 0.25 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 07, 2024 and is currently priced at $1,249,000.

In October 2024 more than 11 listings in Palm Springs, CA were sold above the asking price. During the same period more than 19 listings were sold at asking price, while more than 60 were sold below. The number of listings in Palm Springs, CA increased by 25.9% between September 2024 and October 2024. Listings spent 57 days on the market in October 2024, and had a median list price of $647,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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