NOT LISTED FOR SALE

1111 E Palm Canyon Dr Unit 324 Palm Springs, CA 92264

Twin Palms Neighborhood

Estimated Value: $362,000 - $367,000

1 Bed
1 Bath
525 Sq Ft
436 Sq Ft Lot

Last Sold July 02, 2015

Last sale price $178,000 $339 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $2,160/month

3 Days on Market

About This Home

As of July 2015

Ocotillo Lodge is the perfect mid century modern desert getaway. This complex was originally designed by modernist architects Palmer and Krisel and built by the Alexanders. This ground floor cabana exudes mid century style and is being sold furnished. The living room couch and chair are Heywood Wakefield and go perfectly with the Tounge and Groove ceilings and beams. One entire perimeter leading out to the private patio is floor to ceiling glass. The keyhole shaped pool is one of the largest pools in Palm Springs and is framed by the large curved building that holds the work out room and lounge. This property would make a great investment rental with set utility costs (all are paid for with your HOA payment, as well as the fact that there are no rental restrictions. Location is fantastic, conveniently sitting close to the Ace Hotel, Elmers Resturant, Koffi and Appetito. To top all of this off, Ocotillo Lodge is on fee land, (YES, YOU OWN THE LAND)

Last Agent to Sell the Property

Linda Rease

Bennion Deville Homes License #01438424 Listed on: 06/09/2015

Bennion Deville Homes

Co-Listed By

Gregory Albert

Equity Union License #01226452

Last Buyer's Agent

Gregory Albert

License #01226452

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,765

Year Built

1995

Lot Details

0

Listing Details

  • Active Date: 2015-06-09
  • Full Bathroom: 1
  • Building Size: 525.0
  • Building Structure Style: Mid Century
  • Driving Directions: From Sunrise turn west onto East Palm Canyon. Proceed to Arguilla and turn south , turn right into first driveway.
  • Full Street Address: 1111 E PALM CANYON DR
  • Pool Descriptions: Association Pool, Community Pool, Heated And Filtered
  • Primary Object Modification Timestamp: 2015-07-04
  • Spa Descriptions: Association Spa
  • Unit Floor In Building: 1
  • Total Number of Units: 124
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built: 1995

Interior Features

  • Eating Areas: Dining Area
  • Appliances: Microwave
  • Advertising Remarks: Ocotillo Lodge is the perfect mid century modern desert getaway. This complex was originally designed by modernist architects Palmer and Krisel and built by the Alexanders. This ground floor cabana exudes mid century style and is being sold furnished. T
  • Total Bedrooms: 1
  • Builders Tract Code: 6590
  • Builders Tract Name: OCOTILLO LODGE
  • Fireplace: No
  • Interior Amenities: Furnished
  • Appliances: Garbage Disposal
  • Floor Material: Concrete Slab, Stained Concrete
  • Laundry: Community
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 563
  • Common Walls: Attached

Garage/Parking

  • Parking Type: Unassigned

Utilities

  • TV Svcs: Cable TV
  • Cooling Type: Air Conditioning, Ceiling Fan(s)
  • Heating Type: Central Furnace, Forced Air

Condo/Co-op/Association

  • Amenities: Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Card Room, Gym/Ex Room
  • HOA: No
  • Association Fees Include: Cable TV, Electricity, Gas, Sewer Paid, Trash Paid, Utilities Paid, Water and Sewer Paid, Water Paid
  • Association Rules: PetsPermitted, Call for Rules
  • Association Name: Ocotillo Lodge

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2015
Closed on
Jun 22, 2015
Sold by
Rease Linda
Bought by
Horner Jack D
Seller's Agent
Linda Rease
Bennion Deville Homes
Buyer's Agent
Gregory Albert
Equity Union
List Price
$180,000
Sold Price
$178,000
Premium/Discount to List
-$2,000
-1.11%
Current Estimated Value
$365,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,358
Avg. Annual Appreciation
7.32%

Purchase Details

Closed on
Mar 31, 2005
Sold by
Rease Leo G
Bought by
Rease Leo G and Rease Linda C

Purchase Details

Closed on
Oct 11, 2002
Sold by
Henderson Christopher Ryan
Bought by
Rease Leo G

Purchase Details

Closed on
Oct 20, 2000
Sold by
Blitz Stan
Bought by
Henderson Christopher Ryan

Purchase Details

Closed on
May 4, 1999
Sold by
Robert Rasimas and Robert Gloria
Bought by
Blitz Stan

Purchase Details

Closed on
Jul 3, 1997
Sold by
Desert Equitable Realty Inc
Bought by
Rasimas Robert and Rasimas Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,000
Interest Rate
7.7%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Horner Jack D $178,000 Wfg Title Company Of Ca
Rease Linda -- Wfg Title Company Of Ca
Rease Leo G -- None Available
Rease Leo G $58,000 First American Title Co
Henderson Christopher Ryan $56,000 First American Title Co
Blitz Stan $49,000 First American Title Co
Rasimas Robert $46,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rasimas Robert $31,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2015 07/02/15 Sold $178,000 -1.1% $339 / Sq Ft
06/12/2015 06/12/15 Pending -- -- --
06/09/2015 06/09/15 For Sale $180,000 -- $343 / 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 $2,765 $210,706 $52,673 $158,033
2023 $2,765 $202,527 $50,629 $151,898
2022 $2,817 $198,557 $49,637 $148,920
2021 $2,764 $194,664 $48,664 $146,000
2020 $2,647 $192,669 $48,166 $144,503
2019 $2,605 $188,892 $47,222 $141,670
2018 $2,560 $185,190 $46,297 $138,893
2017 $2,526 $181,560 $45,390 $136,170
2016 $2,452 $178,000 $44,500 $133,500
2015 $2,040 $63,174 $18,797 $44,377
2014 -- $61,938 $18,430 $43,508
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Linda Rease

    Bennion Deville Homes

    (760) 898-6673

    25 Total Sales

    Linda Rease
    Section Image
  • Gregory Albert

    Seller Co-Listing Agent in 2015

    Gregory Albert

    Equity Union

    (760) 831-5561

    1 in this area

    64 Total Sales

    Gregory Albert
    Section Image
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Map

Source: The MLS

MLS Number: 15-911245PS

The MLS

APN: 511-035-069

California Riverside County Palm Springs 92264 Twin Palms

1111 E Palm Canyon Dr Unit 324, Palm Springs, CA

This home is located at 1111 E Palm Canyon Dr Unit 324, Palm Springs, CA 92264 since 09 June 2015 and is currently estimated at $365,358, approximately $695 per square foot. This property was built in 1995. 1111 E Palm Canyon Dr Unit 324 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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