ActiveResidential · sale

112 Chelsea Circle

Palm Desert, CA 92260

$945,000

  • 3 beds
  • 3 baths
  • 2,198 sq ft
  • 0.29 acres
  • Built 1988

Listed by Coldwell Banker Realty · MLS #219150449DA

112 Chelsea Circle, Palm Desert, CA 92260 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1988.

Garage parking

2 garage spaces listed.

Property size

0.29 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Major Price Reduction Seller Says Sell it So lets make that happen Situated in the low foothills of scenic South Palm Desert this intimate 85home gated community called Vista Paseo reflects quiet elegance and a relaxed desert lifestyle Just minutes from mountain hiking trails and the renowned boutiques and restaurants of El Paseo as well as everyday conveniences like Trader Joes and Whole Foods the location could not be more ideal Low HOA dues of only 150 per month are an added attraction and homes in this community rarely come on the market One of the smaller and more approachable homes in the neighborhood this threebedroom threebath residence offers approximately 2200 square feet of comfortable living space and has been lovingly cared for by its current owners for the past 21 years As they prepare to move closer to family a wonderful opportunity opens for the next owner to make this special home their own Nestled on a generous 12600 squarefoot lot that provides exceptional privacy the property offers a tranquil escape surrounded by palm trees mountain views and the soothing sounds of a Pebble Tec pool with bubbling spa Sitting above and hidden from any immediate neighbors the backyard is a peaceful setting for relaxing and enjoying the quiet beauty of the desert environment Inside the home provides an inviting foundation ready for a new owners personal style and vision The dramatic 18foot high walls in the living room with clerestory windows create a striking backdrop for largescale art sculpture or a gallery wall enhancing the sense of openness and light throughout the space The floor plan is designed for both comfort and entertaining with a spacious covered patio that serves beautifully for outdoor gatherings or as an additional living area during the cooler months Security shutters on all windows provide peace of mind when youre gone while the backyard especially in the evenings with the misters running becomes a serene retreat under the desert sky Lovingly maintained and offering the chance to update or personalize over time this home combines privacy location and potential in one of South Palm Deserts most desirable gated communities
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THE NEIGHBORHOOD

Explore the location.

112 Chelsea Circle, Palm Desert, CA 92260

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1988
Full baths
3
Half baths
0
Garage spaces
2
Cooling
CentralAir,Dual,Electric
Heating
ForcedAir,NaturalGas
Appliances
Dishwasher,ElectricOven,GasCooktop,GasWaterHeater,Microwave,Refrigerator,VentedExhaustFan,WaterToRefrigerator
Flooring
Carpet,Tile
Utilities
CableAvailable
Fencing
Block
Pool
Yes
Pool features
InGround,Pebble,Private,Waterfall
Spa
No
Subdivision
Vista Paseo
Parcel
628410006
HOA amenities
ControlledAccess,PetRestrictions
HOA fee frequency
Monthly
Elementary school
Washington Charter
Middle school
Palm Desert
High school
Palm Desert
HOA fee
$150.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$3,937.50
Cap rate—

Annual operating income: —

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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112 Chelsea Circle, Palm Desert, CA 92260 · MLS #219150449DA

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Listing information

MLS #219150449DA · California Regional MLS

Listing brokerage: Coldwell Banker Realty
Listing agent: Bill Clawson

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.