481 W Merito Pl, Palm Springs, CA 92262

5 beds6 baths5,536 sqft Edit

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Sold: $1,275,000
Sold on 04/26/13
Zestimate®: $2,131,931
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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Sprawling Palm Springs estate in highly sought after community of Old Los Palmas. This home is equipped with 5 bedrooms and 6 baths including maid's quarters and guest house all on one level. Lush gardens, water feature, large swimming pool, motorized awnings, 2 fireplaces, and gated estate walls enhance living in this prestigious community. Recently upgraded with corian countertops, painted inside and out, new bathroom in guest house, landscaping enhanced, waterfall with jets at entrance. Brokered And Advertised By: PRUDENTIAL CALIFORNIA REALTY -LAKE ARROWHEAD Listing Agent: JOHN GRUBER

Facts

  • Lot: 0.65 acres
  • Single Family
  • Built in 1936
  • Cooling: Central
  • Heating: Other
  • Last sold: Apr 2013 for $1,275,000
  • Price/sqft: $230

Features

  • Cable Ready
  • Controlled Access
  • Fenced Yard
  • Fireplace
  • Gated Entry
  • Parking: Garage - Attached, 2 spaces, 907 sqft
  • Patio
  • Pool
  • Sprinkler System
  • Wired

Construction

  • Exterior material: Stucco
  • Roof type: Tile
  • Room count: 10
  • # Stories: 1.0
  • Unit count: 1

Other

  • Floor size: 5,536 sqft
  • Parcel #: 505294001
  • Zillow Home ID: 18023788

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$2,131,931
+$33,797 Last 30 days
$1.43M
$2.86M
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$6,445/mo
+$228 Last 30 days
$3.2K
$10K
Zestimate range

Popularity on Zillow

If this home is listed on Zillow, it will reach the largest real estate network on the web.*
1,376 all-time views
of this home (chart)
255 forecasted views of this home
in the first 7 days after listing for sale
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Comparable Homes

Homes like this sold for $1.0-2.0M.

$1.37M
$3.09M
 

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Neighborhood

Market guide

Zillow predicts 92262 home values will rise 4% next year, compared to a 5.3% increase for Palm Springs as a whole. Among 92262 homes, this home is valued 579.2% more than the midpoint (median) home, and is valued 11.1% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 92262, the number of foreclosures waiting to be sold is 30.7% greater than in Palm Springs, and 18.3% less than the national average. This higher local number may prevent 92262 home values from rising as quickly as other regions in Palm Springs.

Learn more about forecast calculations or 92262 home values.
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    Nearby Schools in Palm Springs

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