NOT LISTED FOR SALE

1111 E Palm Canyon Dr Unit 123 Palm Springs, CA 92264

Twin Palms Neighborhood

Estimated Value: $371,000 - $427,000

1 Bed
1 Bath
525 Sq Ft
$551/mo HOA Fee

Last Sold September 22, 2022

Last sale price $425,000 $810 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,258/month

8 Days on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • Midcentury Modern Architecture
  • Palm Springs High School Rated A-
  • 5.74 Acre Lot
  • Mountain View

About This Home

As of September 2022

Located in the heart of Palm Springs living, the iconic Ocotillo Lodge was designed by famed architect William Krisel and constructed in 1957 by the Alexander Construction Company. The family who many consider the founders of midcentury modern architecture as we know it. Originally a hotel converted to condominiums in 1995; the Ocotillo Lodge is located in the historic Twin Palms neighborhood. Unit 123 is a chic one-bedroom, 525-square-foot residence consisting of concrete floors, butcher block countertops, updated appliances, a private patio, and gorgeous mountain views! Enjoy resort-style living at its finest just steps to the beautiful champagne cork pool and sunshine terrace bar! Sold fully furnished - Ocotillo Lodge allows for short-term rentals, making it a favored asset for vacation rental hosts - additionally, your HOA dues cover electricity! Popular destinations such as Ace Hotel, Elmer's, Koffi, GiGi's, Seymour's, Del Rey, and Sparrows Lodge are at your fingertips. Don't miss this opportunity to own a piece of Palm Springs's Mid-Century Modern history.

Last Agent to Sell the Property

Arrington Williams

The Agency License #01986804 Listed on: 08/12/2022

The Agency

Co-Listed By

Greg Stangl

The Agency License #01440433

Last Buyer's Agent

Robert Deck

Town Real Estate License #02045820

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,524

Year Built

  • Built in 1995

Lot Details

  • 6

HOA Fees

  • $551 Monthly HOA Fees

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 525 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Living Room
  • Concrete Flooring
  • Mountain Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • Driveway
  • Unassigned Parking

Pool

  • In Ground Pool
  • Spa

Additional Features

  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 511-035-020

Community Details

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Clubhouse
  • Banquet Facilities
  • Billiard Room
  • Meeting Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,524

Year Built

Built in 1995

Lot Details

0

HOA Fees

$551 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Mid-Century
  • Street Number Display: Yes
  • Complex Name: Ocotillo Lodge
  • Entry Floor: 1
  • Living Area: 525
  • Lot Acreage: 5.7400
  • Planned Urban Dev: 0
  • Stories: 1
  • Unit Floor In Building: 1
  • Year Built: 1995
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Cement
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dryer, Dishwasher, Garbage Disposal, Washer, Refrigerator, Range/Oven
  • Price Per S Q F T: 836.19

Exterior Features

  • Pool Description: Community
  • Pool: Yes
  • Spa: Community
  • Spa Yn: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Other Spaces: 1
  • Parking Garage: Unassigned, Driveway

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Gated

Association/Amenities

  • Amenities: Assoc Barbecue, Banquet, Billiard Room, Clubhouse, Conference, Exercise Room, Fitness Center, Outdoor Cooking Area, Pool, Spa
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 551.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 511-035-020
  • Lot Size Area: 250034

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Sep 13, 2022
Sold by
Christine Schatz
Bought by
Bicchetti Carmine
Seller's Agent
Arrington Williams
The Agency
Buyer's Agent
Robert Deck
Town Real Estate
List Price
$439,000
Sold Price
$425,000
Premium/Discount to List
-$14,000
-3.19%
Total Days on Market
8
Views
32
Current Estimated Value
$400,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,627
Avg. Annual Appreciation
-2.56%
Original Mortgage
$318,750
Outstanding Balance
$306,950
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$89,384

Purchase Details

Closed on
Mar 18, 2021
Sold by
Metcalf Shannon
Bought by
Schatz Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2014
Sold by
Rooney Edward and Rooney Stephen
Bought by
Rooney Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,625
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2014
Sold by
Rooney Stephen and Rooney Carol
Bought by
Metcalf Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,625
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2003
Sold by
Rooney Ed
Bought by
Rooney Ed and Rooney Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.71%

Purchase Details

Closed on
Apr 25, 2003
Sold by
Due Lizzie
Bought by
Rooney Ed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.71%

Purchase Details

Closed on
Apr 7, 2003
Sold by
Smith Mark C
Bought by
Rooney Ed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.71%

Purchase Details

Closed on
Jun 28, 1996
Sold by
Desert Equitable Realty Inc
Bought by
Smith Mark C
Source: Public Records

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Range of Values:

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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
Bicchetti Carmine $425,000 Wfg National Title
Schatz Christine $304,000 Wfg National Title Co Of Ca
Metcalf Shannon -- Wfg National Title Co Of Ca
Metcalf Shannon $127,500 First American Title Company
Rooney Ed -- Orange Coast Title Co
Rooney Ed -- Orange Coast Title Co
Rooney Ed -- Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bicchetti Carmine $318,750
Previous Owner Schatz Christine $228,000
Previous Owner Metcalf Shannon $139,000
Previous Owner Metcalf Shannon $95,625
Previous Owner Rooney Ed $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2022 09/22/22 Sold $425,000 -3.2% $810 / Sq Ft
08/20/2022 08/20/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $439,000 -- $836 / 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
2023 $5,524 $425,000 $60,000 $365,000
2022 $4,257 $310,080 $93,840 $216,240
2021 $2,079 $141,560 $35,527 $106,033
2020 $1,994 $140,109 $35,163 $104,946
2019 $1,963 $137,363 $34,474 $102,889
2018 $1,931 $134,671 $33,799 $100,872
2017 $1,906 $132,032 $33,137 $98,895
2016 $1,851 $129,444 $32,488 $96,956
2015 $1,768 $127,500 $32,000 $95,500
2014 $967 $62,605 $17,715 $44,890
Source: Public Records

Agents Affiliated with this Home

  • Arrington Williams

    Seller's Agent in 2022

    Arrington Williams

    The Agency

    (323) 356-2399

    2 in this area

    58 Total Sales

    Arrington Williams
    Section Image
  • Greg Stangl

    Seller Co-Listing Agent in 2022

    Greg Stangl

    The Agency

    (213) 327-5436

    1 in this area

    51 Total Sales

    Greg Stangl
    Section Image
  • Robert Deck

    Buyer's Agent in 2022

    Robert Deck

    Town Real Estate

    (760) 523-3325

    7 in this area

    56 Total Sales

    Robert Deck
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-187839

The MLS

APN: 511-035-020

California Riverside County Palm Springs 92264 Twin Palms

1111 E Palm Canyon Dr Unit 123, Palm Springs, CA

This home is located at 1111 E Palm Canyon Dr Unit 123, Palm Springs, CA 92264 since 12 August 2022 and is currently estimated at $400,373, approximately $762 per square foot. This property was built in 1995. 1111 E Palm Canyon Dr Unit 123 is a home located in Riverside County with nearby schools including Cahuilla Elementary School, Raymond Cree Middle School, and Palm Springs High School.

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