Racquet Club East under $265K (1691)

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4BR/2BA,  1717sft., built in 2001.  Current Asking Price:  NOW $264,900 was $274,900

MOORE-CARLSON GROUP OPINION OF VALUE: Thumbs up.  We think the major problem with this house is a pool contractor started to build a pool and spa, but violated city codes by placing the pool too close to the property line wall.  We bet the city of Palm Springs red lined this home and would not allow the pool to go further.  Oops!  According to the listing agent the hole will be filled before the close of escrow.  Other than that, the house needs paint and carpet and is on a busy corner.  The house was built in 2001 and would make a great Palm Springs starter home.  Watch this REO.  Listed 2/25/08 

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