1080 E Alejo Rd Palm Springs, CA 92262
Movie Colony East NeighborhoodEstimated Value: $1,360,000 - $1,718,132
3
Beds
3
Baths
2,468
Sq Ft
$633/Sq Ft
Est. Value
About This Home
As of June 2017Reduced! This custom midcentury home built in 1951 by pioneering Palm Springs families of Summers and Hicks was the focus of an intensive renovation in 2003 by architect Sean Lockyer. Among the many features that enhance this midcentury home are: terrazzo tile floors, stacked stone fireplace, wooden post-and-beam ceilings, pool and spa with spectacular mountain views, owned solar panels, gourmet kitchen with Viking range and Sub Zero fridge, mature desert landscape (home has been featured on Modernism Week's garden tour), 3 outdoor firepits, front and rear water features. Located just a few doors away from Twin Palms, The Frank Sinatra Estate, this is a great location near Palm Springs shopping, restaurants, and Ruth Hardy Park.
Last Agent to Sell the Property
BD Homes-The Paul Kaplan Group License #01905472 Listed on: 11/22/2016
Last Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 9, 2018
Sold by
Buchsbaum Monte and Buchsbaum Sherry
Bought by
Buchsbaum Monte Stuart and Buchsbaum Sherry Lynn
Total Days on Market
188
Current Estimated Value
Purchase Details
Listed on
Nov 22, 2016
Closed on
Jun 3, 2017
Sold by
Recine Michael G
Bought by
Buchsbaum Monte and Buchsbaum Sherry
Seller's Agent
Matthew Reader
BD Homes-The Paul Kaplan Group
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$1,320,000
Sold Price
$1,123,000
Premium/Discount to List
-$197,000
-14.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.25%
Original Mortgage
$555,000
Outstanding Balance
$467,137
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$1,095,896
Purchase Details
Listed on
Feb 10, 2014
Closed on
Mar 21, 2014
Sold by
Lowery Martin C
Bought by
Recine Michael G and Michael G Recine Trust
Seller's Agent
Matthew Reader
BD Homes-The Paul Kaplan Group
Buyer's Agent
Chip Marler
Douglas Elliman of California, Inc.
List Price
$1,199,000
Sold Price
$1,050,000
Premium/Discount to List
-$149,000
-12.43%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.08%
Purchase Details
Closed on
Nov 3, 2003
Sold by
Summers Hicks H and Summers Paul G
Bought by
Lowery Martin C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Palm Springs, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Buchsbaum Monte Stuart | -- | None Available | |
| Buchsbaum Monte | $1,123,000 | Fidelity National Title | |
| Recine Michael G | $1,050,000 | First American Title Company | |
| Lowery Martin C | $369,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Buchsbaum Monte | $555,000 | |
| Previous Owner | Lowery Martin C | $255,000 | |
| Previous Owner | Lowery Martin C | $60,000 | |
| Previous Owner | Lowery Martin C | $274,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2017 06/30/17 | Sold | $1,123,000 | -3.2% | $455 / Sq Ft |
| 05/29/2017 05/29/17 | Pending | -- | -- | -- |
| 03/21/2017 03/21/17 | Price Changed | $1,160,000 | -1.7% | $470 / Sq Ft |
| 03/03/2017 03/03/17 | Price Changed | $1,180,000 | -4.1% | $478 / Sq Ft |
| 02/07/2017 02/07/17 | Price Changed | $1,230,000 | -4.7% | $498 / Sq Ft |
| 01/12/2017 01/12/17 | Price Changed | $1,290,000 | -2.3% | $523 / Sq Ft |
| 11/22/2016 11/22/16 | For Sale | $1,320,000 | +25.7% | $535 / Sq Ft |
| 03/28/2014 03/28/14 | Sold | $1,050,000 | -12.4% | $425 / Sq Ft |
| 03/14/2014 03/14/14 | Pending | -- | -- | -- |
| 02/10/2014 02/10/14 | For Sale | $1,199,000 | -- | $486 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $16,311 | $1,252,723 | $413,396 | $839,327 |
| 2022 | $16,128 | $1,228,161 | $405,291 | $822,870 |
| 2021 | $15,798 | $1,204,081 | $397,345 | $806,736 |
| 2020 | $15,079 | $1,191,735 | $393,271 | $798,464 |
| 2019 | $14,816 | $1,168,368 | $385,560 | $782,808 |
| 2018 | $14,536 | $1,145,459 | $378,001 | $767,458 |
| 2017 | $14,146 | $1,109,054 | $365,988 | $743,066 |
| 2016 | $13,727 | $1,087,309 | $358,812 | $728,497 |
| 2015 | $13,201 | $1,070,978 | $353,423 | $717,555 |
| 2014 | $6,874 | $544,000 | $170,000 | $374,000 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Reader
M
Seller's Agent in 2017
Matthew Reader
BD Homes-The Paul Kaplan Group
(760) 969-2278
63 Total Sales
-
Brad Hudson
Seller Co-Listing Agent in 2017
Brad Hudson
BD Homes-The Paul Kaplan Group
(310) 867-0521
66 Total Sales
-
N
Buyer's Agent in 2017
NonMember AgentDefault
NonMember OfficeDefault
-
Paul Kaplan
Seller Co-Listing Agent in 2014
Paul Kaplan
BD Homes-The Paul Kaplan Group
(760) 285-8559
33 Total Sales
-
C
Buyer's Agent in 2014
Chip Marler
Douglas Elliman of California, Inc.
Map
Source: The MLS
MLS Number: 16-182156PS
APN: 507-273-005
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