NOT LISTED FOR SALE

1111 E Palm Canyon Dr Unit 380 Palm Springs, CA 92264

Twin Palms Neighborhood

Estimated Value: $407,000 - $481,000

1 Bed
1 Bath
590 Sq Ft
$513/mo HOA Fee

Last Sold September 14, 2021

Last sale price $415,000 $703 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,492/month

1 Day on Market

Highlights

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

About This Home

As of September 2021

The iconic Ocotillo Lodge was designed by noted architect William Krisel and constructed in 1957 by the Alexander Construction Company. Originally a hotel and converted to condominiums in 1995, the Ocotillo Lodge is in South Palm Springs in the Twin Palms neighborhood close to restaurants and shopping. Unit 380 is a poolside bungalow with many upgrades, custom interior details, and offers the mid-century lifestyle for which Palm Springs is well known. Enjoy resort-style living from your private patio, which is just steps from the glamorous pool. Communal laundry facilities are on the property, and in fact, conveniently located just outside the door to this unit. The historic clubhouse boasts a large common area with pool tables, a gym, community library, and views of the pool and lushly landscaped desert plantings. Mingle with your neighbors while dining outdoors at the Sunshine Terrace, formerly the outdoor bar and lounge area during hotel days. Own a piece of Palm Springs Mid-Century Modern history.

Last Agent to Sell the Property

Roger Gendron

The Agency License #01968062 Listed on: 08/19/2021

The Agency

Last Buyer's Agent

Arrington Williams

The Agency License #01986804

The Agency

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,503

Year Built

  • Built in 1995

Lot Details

  • 6

HOA Fees

  • $513 Monthly HOA Fees

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 590 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Tile Flooring
  • Pool Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Private Parking
  • Circular Driveway

Pool

  • In Ground Pool
  • Spa

Additional Features

  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 511-035-120

Community Details

Overview

  • Association fees include cable TV, electricity, water and sewer paid, utilities, trash
  • 126 Units

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Billiard Room
  • Meeting Room
  • Recreation Room
  • Laundry Facilities

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Controlled Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,503

Year Built

Built in 1995

Lot Details

0

HOA Fees

$513 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Mid-Century
  • Street Number Display: Yes
  • Advertising Remarks: The iconic Ocotillo Lodge was designed by noted architect William Krisel and constructed in 1957 by the Alexander Construction Company. Originally a hotel and converted to condominiums in 1995, the Ocotillo Lodge is in South Palm Springs in the Twin Palms neighborhood close to restaurants and shopping. Unit 380 is a poolside bungalow with many upgrades, custom interior details, and offers the mid-century lifestyle for which Palm Springs is well known. Enjoy resort-style living from your private patio, which is just steps from the glamorous pool. Communal laundry facilities are on the property, and in fact, conveniently located just outside the door to this unit. The historic clubhouse boasts a large common area with pool tables, a gym, community library, and views of the pool and lushly landscaped desert plantings. Mingle with your neighbors while dining outdoors at the Sunshine Terrace
  • Complex Name: The Ocotillo Lodge
  • Entry Floor: 1
  • Living Area: 590
  • Lot Acreage: 5.7400
  • Planned Urban Dev: 0
  • Stories: 1
  • Unit Floor In Building: 1
  • Year Built: 1995
  • Number Of Photos: 36
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Tile
  • 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: Community
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 711.86

Exterior Features

  • Pool Description: Association Pool
  • Pool: Yes
  • Spa: Association Spa
  • Spa Yn: Yes
  • View: Pool
  • View: Yes

Garage/Parking

  • Parking Garage: Private, Circular Driveway
  • Total Parking: 1

Utilities

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

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Billiard Room, Clubhouse, Conference, Controlled Access, Exercise Room, Gated Community, Hot Water, Meeting Room, Picnic Area, Pool, Rec Multipurpose Rm, Spa
  • Pet Rules: Assoc Pet Rules, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Cable TV, Electricity, Water and Sewer Paid, Utilities, Trash
  • HOA Fees: 513.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 511-035-120
  • Lot Size Area: 250034

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 126

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2021
Closed on
Aug 24, 2021
Sold by
Meredith Connie Lynne and The Meredith Revocable Living
Bought by
Williams John Arrington and Williams John Arrington
Seller's Agent
Roger Gendron
The Agency
Buyer's Agent
Arrington Williams
The Agency
List Price
$420,000
Sold Price
$415,000
Premium/Discount to List
-$5,000
-1.19%
Total Days on Market
1
Current Estimated Value
$448,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,859
Avg. Annual Appreciation
1.86%
Original Mortgage
$332,000
Outstanding Balance
$307,315
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$136,996

Purchase Details

Listed on
Apr 13, 2015
Closed on
May 22, 2015
Sold by
Fannie Mae
Bought by
Meredith Connie Lynne
Seller's Agent
Brandy Nelson
Keller Williams Realty
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$114,000
Sold Price
$150,000
Premium/Discount to List
$36,000
31.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.53%

Purchase Details

Closed on
Jan 5, 2015
Sold by
Groveman Joseph
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 11, 2007
Sold by
Basson Yossi and Basson Diane
Bought by
Groveman Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Jan 4, 2001
Sold by
Powell Rhoda
Bought by
Groveman Joseph and Groveman Clara

Purchase Details

Closed on
Sep 23, 1998
Sold by
Powell Harold Dean
Bought by
Powell Rhoda Rose
Source: Public Records

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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
Williams John Arrington $415,000 North American Title Company
Meredith Connie Lynne $150,000 Wfg Title Company
Federal National Mortgage Association $130,000 First American Title Ins Co
Groveman Joseph -- Southland Title Company
Groveman Joseph -- Southland Title Company
Groveman Joseph $60,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams John Arrington $332,000
Previous Owner Groveman Joseph $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2021 09/14/21 Sold $415,000 -1.2% $703 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $420,000 +180.0% $712 / Sq Ft
05/29/2015 05/29/15 Sold $150,000 +31.6% $254 / Sq Ft
05/15/2015 05/15/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $114,000 -- $193 / 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 $5,503 $423,300 $107,100 $316,200
2022 $5,612 $415,000 $105,000 $310,000
2021 $2,401 $166,543 $49,961 $116,582
2020 $2,302 $164,836 $49,449 $115,387
2019 $2,265 $161,605 $48,480 $113,125
2018 $2,227 $158,437 $47,530 $110,907
2017 $2,197 $155,332 $46,599 $108,733
2016 $2,134 $152,287 $45,686 $106,601
2015 $1,846 $134,000 $41,000 $93,000
2014 $1,731 $125,000 $39,000 $86,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-775176

The MLS

APN: 511-035-120