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324 Sycamore Cir
Score
0
Palm Springs, CA

324 Sycamore Cir

729K
3 bd • 2 ba • 1,225 sf

This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$729,000

Price/Sq.Ft

$595

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 324 Sycamore Cir, Palm Springs, CA 92262 boasts several positive attributes. Its location in Palm Springs offers the quintessential desert lifestyle with mountain views visible in the image. The property features classic mid-century modern architecture, highly sought after in this market. The $595.10/sqft price is competitive for Palm Springs, where premium properties can command higher rates. The 3-bedroom, 2-bathroom layout in 1,225 sqft is efficient and suitable for the area. The property showcases excellent curb appeal with mature palm trees and desert-appropriate landscaping, reducing water consumption and maintenance costs. The wide driveway and carport provide ample parking, a valuable feature in Palm Springs. The white exterior reflects heat, potentially lowering cooling costs in the extreme summer temperatures.

The Bad

The asking price of $729,000 is significantly above the local median income of $60,289, potentially limiting the buyer pool. At 1,225 sqft, the home is smaller than many modern preferences, which could impact resale value. The property's age, while adding character, may come with higher maintenance costs and potential system upgrades. The lack of a garage (only a carport is visible) may be a drawback for some buyers, especially considering the harsh desert climate. The absence of visible pool or spa facilities, common amenities in Palm Springs, could be seen as a negative. The property's location on what appears to be a cul-de-sac may limit privacy and increase noise from neighbors.

The Ugly

The extreme heat in Palm Springs (regularly exceeding 110°F in summer) will result in high cooling costs and potential strain on the HVAC system. Without knowing the year built, there could be significant issues with outdated electrical, plumbing, or HVAC systems that may require costly upgrades. The desert environment poses risks of pest infestations (scorpions, rattlesnakes) requiring ongoing pest control services. Flash flood risk in the area could be a concern, depending on the property's specific location relative to washes and canyons. The strong winds common in Palm Springs may cause damage to the property over time, especially to the roof and exterior finishes. The hard water typical in desert regions could necessitate the installation of a water softening system, an additional expense for the new owner.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for buyers with a household income of at least $180,000, based on a 28% front-end debt-to-income ratio for the mortgage. It's ideal for mid-century modern enthusiasts who appreciate architectural heritage and are willing to invest in maintaining its character. The property would suit couples or small families looking for a vacation home or retirees downsizing to a manageable space. Investors interested in the short-term rental market could benefit from Palm Springs' popularity as a tourist destination, potentially generating rental income of around $2,376 per month (based on local 3-bedroom rental rates) during peak seasons.

Not For

This property is not suitable for large families requiring more than 3 bedrooms or over 1,500 sqft of living space. It's not ideal for first-time homebuyers or those with incomes below $180,000 due to the high purchase price relative to the local median income. Buyers seeking modern, low-maintenance properties with extensive amenities like pools or smart home features may find this property lacking. Those with mobility issues might struggle with potential steps or the lack of modern accessibility features common in older homes.
Demographics
Area Median Income

$60,289

Property History

Price History
Ownership Timeline
$0Financed
Sep 10, 2020
Stephanie Lyn SilverMarcel Sarmiento
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Jun 24, 2015
Marcel SarmientoMarcel Sarmiento
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Apr 7, 2011
Marcel SarmientoMarcel Sarmiento
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Aug 16, 2010
Mark William DevineMarcel Maurice Sarmiento
Quit Claim Deed
Non-Arm's Length Transactions
$320,000Financed
Jul 29, 2003
Mary Jo Bates Tomei, Robert TomeiMark Devine, Marcel Sarmiento
Grant Deed
Standard Sale (Purchase/Resales)
$171,000Financed
Jul 28, 2000
Van Meeteren Ronald A & NormaMary Jo Bates Tomei, Robert Tomei
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Oct 4, 1999
Van Meeteren Ronald A & Norma , Norma J VanmeeterenRonald A Vanmeeteren, Norma J Vanmeeteren
Intrafamily Transfer
Non-Arm's Length Transactions
$40,000Cash Purchase
Aug 23, 1996
Ellen Furst, Kent WoodryRonald Vanmeeteren, Norma Vanmeeteren
Grant Deed
Standard Sale (Purchase/Resales)
$0Financed
Jun 13, 1996
Vanmeeteren Ronald ARonald A Vanmeeteren, Norma Vanmeeteren
Intrafamily Transfer
Non-Arm's Length Transactions

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Risk Analysis

Climate-related risks are significant, including potential damage from extreme heat, strong winds, and flash floods. The property may require substantial upgrades to improve energy efficiency and reduce cooling costs. Pest control will be an ongoing expense and concern. The potential for short-term rental restrictions could impact investment returns if local regulations change. The small size of the property (1,225 sqft) may limit appreciation compared to larger homes in the area. Without knowing the year built, there's a risk of outdated systems (electrical, plumbing, HVAC) that could require costly replacements. The lack of a pool, while reducing maintenance costs, may impact resale value in the competitive Palm Springs market.

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Schools

Vista Del Monte Elementary School

Public•Grades K-5
6/10
Elementary
545 students

Palm Springs High School

Public•Grades 9-12
6/10
High
1,659 students

Raymond Cree Middle School

Public•Grades 6-8
4/10
Middle
855 students

Desert Learning Academy

Public•Grades K-12
4/10
ElementaryMiddleHigh
218 students

Financials

Monthly Costs
Market Rent (3 bed)

$2,376

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$729,000
Price/sqft
$595
Layout
3 bd•2 ba

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$640,083

13.9%

Your price is 13.9% above average

Median Price

$680,000

7.2%

Based on 6 recent sales

Price per Sq.Ft

$489

21.7%

Your price is 21.7% above average $/sqft

Comparable Properties

385 E Via Escuela #415, Palm Springs, CA 92262
Price: $423,000
Sq.Ft: 1,183
Beds/Baths: 2/2
$/Sq.Ft:
$35839.9%
Sale Date: 12/26/2024
2278 N Blando Road, Palm Springs, CA 92262
Price: $612,500
Sq.Ft: 1,248
Beds/Baths: 3/2
$/Sq.Ft:
$49117.5%
Sale Date: 10/19/2024
651 E Alexander Way, Palm Springs, CA 92262
Price: $680,000
Sq.Ft: 1,425
Beds/Baths: 3/2
$/Sq.Ft:
$47719.8%
Sale Date: 11/26/2024
2653 N Kitty Hawk Drive, Palm Springs, CA 92262
Price: $490,000
Sq.Ft: 1,225
Beds/Baths: 3/2
$/Sq.Ft:
$40032.8%
Sale Date: 9/26/2024
4020 Mission Peak, Palm Springs, CA 92262
Price: $745,000
Sq.Ft: 1,411
Beds/Baths: 3/2
$/Sq.Ft:
$52811.3%
Sale Date: 11/14/2024
2760 N Vista Grande Ave, Palm Springs, CA 92262
Price: $890,000
Sq.Ft: 1,310
Beds/Baths: 3/2
$/Sq.Ft:
$67914.2%
Sale Date: 10/15/2024

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