1 month on rocket

975 E Camino Parocela, Palm Springs, CA, 92264

$1,795,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
6 Baths
3,764 SqFt
$477/SqFt
House

Location

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975 E Camino Parocela, Palm Springs$1,795,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingPrivate
Year Built1957
HeatingCentral, Forced Air, Natural Gas
CoolingEvaporative Cooling, Electric, Wall/Window Unit(s)
FireplaceGas, Gas Starter, Living Room, Raised Hearth, Wood Burning
ViewHills, Mountain(s)
Private PoolYes
MLS #24421577
Lot Size0.22 Acres
StatusActive

About 975 E Camino Parocela

Located in the prime and sought-after Warm Sands area, in desirable South Palm Springs. This mid-century modern 5-unit garden style property has many possibilities. All 5 units will be delivered vacant and fully furnished upon closing. It can be run as a hotel, apartment building or live in one unit and rent out the rest. The City of Palm Springs has approved the property for conversion to a boutique hotel once specific upgrades are completed. Building permit and architectural plans to be transferred to the buyer upon closing. Currently the property is rented seasonally to snowbirds. There are no under market rents that you have to wait years to improve. Five units total, four 1bd/1ba and one 2bd/2ba. Detached front unit includes living room with fireplace, 1 bedroom + 1 bath, kitchen, dining area, private patio, and mountain views. Four additional units include three 1 bedroom + 1 bath units and one 2 bedroom + 2 bath unit. All four remaining units have living rooms, vintage Mid-Century Modern kitchens, breakfast bars, and dining areas. All overlook garden areas and most have private patios. Gated pool, spa, and patio area. Minutes to the many fine shops and restaurants in the downtown village area of Palm Springs. Included in the purchase price are all appliances, exterior patio furniture, interior furnishings, and household items. The perfect desert retreat! Buyer to co-operate with "possible" Seller's 1031 Tax Deferred Exchange at no cost to Buyer. Broker, Broker's Agents, & Sellers do not represent and/or guarantee the accuracy of the square footage, permitted or unpermitted space, bedroom/bath count, lot size/dimensions, schools, or any other information concerning the conditions or features of the property & surrounding area, including property income. Buyer is advised to independently verify the accuracy of all information through personal inspection and/or investigation with appropriate professionals to satisfy themselves regarding all material issues of the subject property etc.

Property Details

Property Features

Property Information:

  • Architectural Style: Mid-Century Modern
  • Year Built: 1957
  • Stories: 1
  • Living Area: 3,764 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices California Properties
  • Office Phone: (310) 777-7800
  • Listing Agent: Rick Chimienti

Interior Features

Interior Information:

  • Appliances: Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Vented Exhaust Fan, Dryer, Washer
  • Flooring Type: Laminate, Tile
  • Interior: Ceiling Fan(s), Furnished
  • Fireplace: Gas, Gas Starter, Living Room, Raised Hearth, Wood Burning

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Hills, Mountain(s)
  • Exterior: Misting System

Parking Information:

  • Parking: Private

Lot Features

Lot Information:

  • Lot: Back Yard, Corners Marked, Rectangular Lot
  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Natural Gas
  • Cooling: Evaporative Cooling, Electric, Wall/Window Unit(s)

Other

Directions Information:

  • Directions: South of Ramon Road, North of East Sunny Dunes Road, East of South Camino Real, West of South Warm Sands Drive

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,795,000
  • Price Per SqFt: $477/SqFt

Tax Information:

  • Annual Amount: $6,149
  • 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

975 E Camino Parocela vs Palm Springs

53 DAYS ON ROCKET

-4 Days

$1,795,000

+$1.1M More

$477/SqFt

+$55 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $55/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: #24421577

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices California Properties
  • Office Phone: (310) 777-7800
  • Listing Agent: Rick Chimienti

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: 11/22/2024, 8:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 12, 1996Home Sold
$56,000
May 01, 1988Home Sold
$233,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,149$406,228
2020$6,149$402,063
2018$5,963$386,453
2017$5,734$378,876

History based on county public records data.

Payment Calculator

$9,026

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,448

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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-558616
6
/10

  • Cahuilla Elementary School

  • 833 E Mesquite Ave

  • 0.43 miles

  • Public District Grades KG-5

school-card-donut-558617
5
/10

  • Katherine Finchy Elementary School

  • 777 E Tachevah Dr

  • 1.56 miles

  • Public District Grades KG-5

school-card-donut-558618
2
/10

  • Agua Caliente Elementary School

  • 30800 San Luis Rey Dr

  • 2.83 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 $45,986. Residents of Palm Springs, CA typically earn between $35k-100k each year. 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 975 E Camino Parocela

What is the listing price of this property?

The listing price of 975 E Camino Parocela property is $1,795,000.

What type of property is this?

The property 975 E Camino Parocela is a house located in Palm Springs, California, 92264.

Is this property for sale now?

Active Listing: 975 E Camino Parocela 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 $6,149 (source: MLS/based on county public records data).

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

The last sale was on December 12, 1996 for $56,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 975 E Camino Parocela has 6 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 975 E Camino Parocela is 3,764 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 975 E Camino Parocela is 1957.

Rocket Homes›California›Riverside County›Palm Springs›92264›975 E Camino Parocela

This home is located at 975 E Camino Parocela in Palm Springs, CA and zip code 92264 in the Warm Sands neighborhood. This 3,764 square foot home, which was built in 1957, sits on a 0.22 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $1,795,000.

In October 2024, from all listings sold in Palm Springs, CA there were more than 11 sold above asking price, over 60 sold below and more than 19 were sold right at the asked price. Between September 2024 and October 2024, Palm Springs, CA real estate market has seen increase in the number of listings by 25.9%. While the average time on the market in October 2024 was 57 days, the median list price was $647,000.

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

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