NOT LISTED FOR SALE

Estimated Value: $1,806,000 - $2,935,000

4 Beds
3.5 Baths
2,658 Sq Ft
$904/Sq Ft Est. Value

Last Sold June 13, 2022

Last sale price $2,750,000 $1,035 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $16,016/month

26 Days on Market

Highlights

  • Attached Guest House
  • Heated In Ground Pool
  • Mountain View
  • Palm Springs High School Rated A-
  • Midcentury Modern Architecture
  • Family Room with Fireplace

About This Home

As of June 2022

Champagne Dream is a stunning four-bedroom villa that seamlessly blends the mid-century Palm Springs aesthetic with crisp, modern lines. Hidden in the historic Deepwell area, a quick tour around this central neighborhood will reveal glamour and style which drew Hollywood's elite to the desert. Palm Springs design is known for blurring the lines between indoor and outdoor living, and the property's immense pool terrace is a prime example. Activities and amenities are anchored around a sleek saline pool and bubbling spa. Bronze yourself to perfection on a reclining chaise longue before seeking shelter under covered areas on the north side of the pool. A cabana shelters an al fresco dining table, where you can savor feasts prepared on the gas grill. A stylish lounge set sits at the other end, allowing you and your guests to enjoy cocktails mixed at the nearby wet bar, as flames flicker from an elevated fire pit.Cool porcelain tiles line the great room's spacious common areas. Each section features a pocket glass door leading outside. Exposed beam ceilings and a stacked stone fireplace pay homage to the villa's modernist origins. The two-sided fireplace casts a warming glow towards anyone relaxing on the living room sofas or watching a movie in the adjacent TV room. Test your culinary skills in the gourmet kitchen where you'll find a high-end cooktop and a unique appliance garage, keeping smaller machines discretely hidden. Up to eight people can gather at the regency dining table, where faux-stag busts hold court at either end. When you're ready to explore, it's just a five minute drive to historic Palm Canyon Drive, known as, "the strip". This special property was redesigned with a full renovation full to the studs with architect, engineering and permits with all new wiring and plumbing. Numerous upgrades throughout feature 2017 Casita addition, rear area redesign with new concrete and turf, 2021 updated kitchen with new Wolfe, SubZero , Cove & Fischer Paykal appliances, 2021 new LG washer and dryer with mini clothes washer under main washer, 2 updated AC units, 2 hot water on demand, salt water pool, Sonos sound system, dining area heater ( Bromic) , new standing seam metal roof ( 2022), full Western Glass pocketing windows in living room for an expansive 14 foot opening, living room electric automatic blinds, both regular and blackout blinds in all bedrooms, newer under slab drainage pipe upgraded ( 2020 ) directly to city connection and architectural recessed baseboards throughout all main living areas. This home truly is your Mid Century Modern home reimagined to today's standards and finishes. A MUST SEE PROPERTY !! Homes of this quality and design rarely hit the market. This property has been a very successful vacation rental with over $250K in gross income for 2021.

Last Agent to Sell the Property

Kenny Jervis

Berkshire Hathaway HomeServices California Properties License #0834276 Listed on: 05/04/2022

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Adam Gilbert

The Firm Brokerage License #01914157

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,058

Year Built

  • Built in 1958 | Remodeled

Lot Details

  • 10,454 Sq Ft Lot
  • Block Wall Fence
  • Sprinklers on Timer
  • Property is zoned R1

Parking

  • 2 Car Attached Garage

Home Design

  • Midcentury Modern Architecture
  • Slab Foundation
  • Metal Roof
  • Stucco

Interior Spaces

  • 2,658 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Ceramic Tile Flooring
  • Mountain Views
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Double Vanity

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Heated Spa

Utilities

  • Forced Air Heating and Cooling System
  • Property is located within a water district
  • Gas Water Heater

Additional Features

  • Open Patio
  • Attached Guest House
  • Ground Level Unit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 508-415-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,058

Year Built

Built in 1958 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Levels: Ground Level
  • Street Number Display: Yes
  • Builders Tract Code: 6310
  • Entry Location: Ground Level - no steps
  • Living Area: 2658
  • Lot Acreage: 0.2400
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1958
  • Builders Tract Name: Deepwell
  • Number Of Photos: 54
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Number Of Remote Controls: 2
  • Fireplace Rooms: Family Room, Living Room
  • Flooring: Ceramic Tile
  • Appliances: Cooktop - Gas, Microwave, Oven
  • Bedrooms: 4
  • Fireplaces: 2
  • Full Bathroom: 0
  • Half Bathroom: 1
  • Bedroom Features: WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Remodeled
  • Three Quarter Bathrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Formal Dining Rm, Breakfast Counter / Bar
  • Kitchen Features: Quartz Counters
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Alarm System, Garbage Disposal, Microwave, Refrigerator, Range/Oven, Dishwasher
  • Fireplace: Yes
  • Price Per S Q F T: 1089.16
  • Windows: Double Pane Windows

Exterior Features

  • Construction: Stucco
  • Other Features: Custom Built
  • Other Structures: GuestHouse
  • Foundation Details: Slab
  • Fence: Block
  • Guest House: Attached
  • Patio: Concrete Slab, Covered, Patio Open
  • Pool Description: Heated And Filtered, In Ground, Private
  • Pool: Yes
  • Roof: Metal
  • Spa: Private, Heated with Gas
  • Spa Yn: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage - 2 Car, Attached
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Cooling: Central, Air Conditioning
  • Heating: Forced Air
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Connected and Paid
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler Timer, Sprinkler System
  • Assessor Parcel Number: 508-415-003
  • Lot Size Area: 10454

Rental Info

  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2011
Sold by
Jpmorgan Chase Bank Na
Bought by
Palmer David George and Morgan Francis Paul
Current Estimated Value
$2,403,204

Purchase Details

Closed on
Jun 14, 2011
Sold by
Romain Shane and Dremel Jeanne R
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Apr 14, 2008
Sold by
Romain Shane and Romain Jeanne R
Bought by
Dremel Jeanne R

Purchase Details

Closed on
Mar 29, 2004
Sold by
Dremel Jeanne R
Bought by
Romain Shane and Dremel Jeanne R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Palmer David George $265,000 Ticor Title Company Of Ca
Jpmorgan Chase Bank Na $345,466 Accommodation
Dremel Jeanne R -- None Available
Romain Shane -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmer David George $675,000
Closed Palmer David George $374,000
Previous Owner Romain Shane $5,000
Previous Owner Romain Shane $35,958
Previous Owner Romain Shane $34,000
Previous Owner Romain Shane $376,000
Previous Owner Dremel Jeanne R $155,000
Previous Owner Dremel Jeanne R $106,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2022 06/13/22 Sold $2,750,000 -5.0% $1,035 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
05/22/2022 05/22/22 Price Changed $2,895,000 -3.3% $1,089 / Sq Ft
05/04/2022 05/04/22 For Sale $2,995,000 -- $1,127 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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
2025 $35,058 $2,350,000 $720,000 $1,630,000
2023 $35,058 $2,805,000 $841,500 $1,963,500
2022 $4,895 $358,319 $78,406 $279,913
2021 $4,798 $351,294 $76,869 $274,425
2020 $4,589 $347,693 $76,081 $271,612
2019 $4,511 $340,877 $74,590 $266,287
2018 $4,429 $334,194 $73,129 $261,065
2017 $4,126 $308,543 $71,696 $236,847
2016 $4,008 $302,494 $70,291 $232,203
2015 $3,842 $297,952 $69,236 $228,716
2014 $3,789 $292,118 $67,881 $224,237
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-152105

The MLS

APN: 508-415-003