View listing photos, nearby sales and find the perfect condo for sale in Palm Springs, CA. Some leases do have minimal down payment requirements, term requirements and other specific conditions, however has been typically possible to get a loan on lease land in the past. Broker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Opportunity, Real Estate Agent with Pacific Sotheby's International Realty - Palm Springs, CA 01264926 / 01785498, MichelleCherie Carr Crowe Just Call408-252-8900, Get Results TeamJust Call (408) 252-8900! The Paul Kaplan Group and Bennion Deville Homes fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Some leases have built in escalation clauses in the lease; other lease increases may be tied in with the Consumer Price Index. Click below to view more of our listings in Palm Springs and surrounding desert cities: Thank you for sharing about this attractive property for sale. make an informed decision when buying or selling a house. Let's start by saying it is on FEE land with no extra Lease land payment! Lots Land For Sale. Specializing in architectural and midcentury modern properties. Also, since no one actually owns a home until the loan is paid off, most so-called "land owners" don't really own their property for 30 years. The price of the lease can vary generally between $1400 and $8000 per year depending on the property, and subject to change; (some are higher, some lower). The city of Palm Springs is built on a checkerboard consisting of alternating Indian and non-Indian land. The primary difference between buying land and leasing it is obvious; lease land reduces the cost of a home compared to "Fee Land", land that you own. Located in desirable Andreas Hills on fee land, this end unit loaded with potential to make it your own. The median listing price of land in Palm Springs is $495,000. Recent-designer remodeled interior. Some of the best neighborhoods in Palm Springs are on Indian land. Palm Springs, CA condos for sale and MLS Listings. . Esprit is a gated community on three acres in South Palm Springs. A lender may require the remaining term of the lease to be at least 5 years longer then the term of the loan. The Paul Kaplan Group Inc. does not endorse any of the products or vendors, referenced on this material. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. Interests rates tend to be the same for Lease and Fee Simple land, but subject to the constant changes in the lending world. Current Location; Homes For Sale. We hate spam as much as you- feel free to unsubscribe at any time. Welcome to 3384 Bogert Trail, a condo for sale in Andreas Hills- South Palm Springs. Historically, Indian Lease land properties have increased/decreased in value at the same rate as Fee Simple land (land that is not lease land), however property values are never guaranteed for lease land or fee land. The low monthly HOA fees include trash, water, insurance, automatic gates, pools and spas, and landscape (common areas). Why buy Lease Land vs Fee Simple Land? on ActiveRain. Mortgages. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. We advise anyone interested in purchasing a property on lease land, to do their due diligence to understand the pending litigation and how the outcome may affect ownership of the property. So, by owning on leased land, the homeowner gets the use of the land without the capital outlay - and may be able to afford a larger home for less money. Andreas Hills is known for its picturesque mountain scenery, hiking trails, and quieter lifestyle. More than a look, Oceo is an experience - a richly rewarding enhancement to your artistic senses and desires. 1,629 sq.ft. Not all lenders will lend on lease land. and Palm Springs real estate Zillow has 23 homes for sale in Palm Springs CA matching Community On Fee Land. WE RECOMMEND CH fully support the principles of the Fair Housing Act and the Equal Opportunity Act. There are 60 units which comprise of 2 bedrooms and 2 baths units on 1220 sq ft and a larger 2+ bedroom and 2 baths on 1525 sq ft. Zillow has 32 homes for sale in Palm Springs CA matching Fee Land. 2021 ActiveRain, Inc. All Rights Reserved We recommend you consult wit your accountant, attorney, and tax advisor prior to making any real estate purchases on Lease OR Fee land. Prices are traditionally 15% to 20% less for comparable properties on fee land, but can vary. For Sale: 349000 - Residential, 2 bed, 2 bath, 1,218 sqft at 217 S Louella Road in Palm Springs. The Paul Kaplan Group, Inc and their agents, do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. A lender may require the remaining term of the lease to be at least 5 years longer then the term of the loan. Although these leases are often for 99 years at a time, you should check to see the age of the lease, and how many years are remaining on the lease. On Land you Own in central Palm Springs, with Home Owner Fees of $390 per month, in Learn more about local market trends & nearby amenities at realtor.com. 127. Oceo is comprised of 9 Courtyard homes measuring about 2,600 square feet, and each with a Nothing herein should be construed as investment advice. There are 658 active homes for sale in Palm Springs, CA, which spend an average of 64 days on the market. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Palm Springs, CA condos for sale and MLS Listings. Most Indian leases are administrated by the Bureau of Indian Affairs; a homeowner doesn't deal with the Indian owners directly, but instead usually with the appointed property management company or Bureau of Indian Affairs office. Are you sure you want to report this blog entry as spam? The Paul Kaplan Groupcan help identify which properties are on lease land and which are on fee land. Property taxes: We advise you to research the tax information with the Country of Riverside tax assessor. The length of time on lease Typically, land leases and homes for sale in Palm Springs are for a long term lease. We use cookies to offer you a better browsing experience, analyze site traffic and personalize content. The Paul Kaplan Group will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein. Palm Springs condos for sale provide an exclusive passage into this resort city's exciting market. When considering purchasing any property, we suggest buyers check comps for the specific neighborhood you are considering. Zillow has 14 homes for sale in Palm Springs CA matching No Land Lease. Fair Housing: Please complete the information request above and I will respond to you within 2 hours. If you continue to use this site, you consent to our use of cookies. Read about how we use cookies and how you can control them on our Privacy Policy. [CDATA[ WE RESPECT YOUR PRIVACY. $349,000 USD: This Palm Springs Condo is a beauty! Home Values. More information - A history of Indian Lease Land. 908 Oahu Lane, Palm Springs, CA 92264. Interests rates tend to be the same for Lease and Fee Simple land, but subject to the constant changes in the lending world. Get the scoop on the 263 condos for sale in Palm Springs, CA. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Any mention of vendors, products, or services is for informational purposes only. You may contact the Sunrise Palm HOA at Phone: (760) 327-7287. Pacific Sotheby's International Realty - Palm Springs, CA, Ask us any question you have about Palm Springs Real Estate, Charming, Renovated, Gated and Centrally Located Coachella Valley Home, Affordability of Condos Fuels Sales Under $300,000, PALM SPRINGS & DESERT CITIES 'HIGH SEASON' CALENDAR OF EVENTS. Page 2 | Find Palm Springs, CA land for sale at realtor.com. Proven, Dedicated Realtors to Serve Your Needs. 134 Condos For Sale in Palm Springs, CA. Sign Up to Save Favorite Listings, Save Searches & More //