NOT LISTED FOR SALE

Estimated Value: $3,429,000 - $4,959,000

5 Beds
6 Baths
4,341 Sq Ft
$989/Sq Ft Est. Value

Last Sold January 03, 2023

Last sale price $4,175,000 $962 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $27,133/month

18 Days on Market

Highlights

  • Attached Guest House
  • Heated In Ground Pool
  • Auto Driveway Gate
  • Palm Springs High School Rated A-
  • Solar Power System
  • View of Trees or Woods

About This Home

As of January 2023

As one of the few great historic properties in Palm Springs, known affectionately as the "Donna Reed Estate", this ultra private retreat offers gracious vintage character among beautifully landscaped grounds and stunning mountain views. Designed by Pasadena based architect Charles Matcham and completed in 1934, this impeccably restored 2 story residence offers a rare example of California Monterey style in the heart of Old Las Palmas. Situated on almost 3/4 of an acre, this gated compound includes a main house with a separate 2 bedroom/1 bath guest house, a European inspired motor court, an expansive lawn, fruit orchard, shaded lounge areas, and a gorgeous pool complete with an outdoor bar/BBQ area. The interior is highlighted by a large, cleverly designed "dual chef's kitchen" appointed with marble countertops, custom tile/cabinetry. The main kitchen is anchored by a Bertazzoni range, farmhouse sink, s/s dishwasher, s/s refrigerator, walk in pantry and free standing butcher block island. An oversized butler's pantry includes a second sink, s/s dishwasher, additional storage and wine refrigerator. Off the kitchen is the intimate formal dining room with wood ceiling. The spacious living room features a wood beamed ceiling and fireplace with views of the front and rear garden. A charming wood banister staircase leads to the second floor in the main house. The primary suite offers a cozy fireplace, balcony, spa-like bath with a custom dual vanity. In addition, the upstairs has a 2nd guest bedroom/bath and a flexible 3rd bedroom or office. A 4th bedroom/bath is downstairs and is currently a media room/study. The indoor/outdoor flow is ideal given that all the main rooms open to the large pool/patio area with retractable awnings. Additional period features can be noted with the artisan millwork, iron details, tile, and a smeared mortar effect with the brick. Improvements include a Control 4 media and home operation system, owned solar panels, updated lighting/HVAC, and designer grade plumbing fixtures. What a rare opportunity to live in the ultimate classic Palm Springs estate.

Last Agent to Sell the Property

William Coveny

Berkshire Hathaway HomeServices California Properties License #01321038 Listed on: 10/28/2022

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Louise Hampton

Berkshire Hathaway HomeServices California Properties License #00802409

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $52,051

Year Built

  • Built in 1934

Lot Details

  • 0.73 Acre Lot
  • Brick Fence
  • Sprinkler System
  • Property is zoned R1A

Property Views

  • Woods
  • Mountain

Home Design

  • Colonial Architecture

Interior Spaces

  • 4,341 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Awning
  • Formal Entry
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Utility Room
  • Center Hall
  • Basement

Kitchen

  • Walk-In Pantry
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Pavers

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 3 Parking Spaces
  • Covered Parking
  • Private Parking
  • Driveway
  • Auto Driveway Gate

Pool

  • Heated In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Covered patio or porch
  • Built-In Barbecue

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Vented Exhaust Fan
  • Property is located within a water district

Additional Features

  • Solar Power System
  • Attached Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 505-202-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$52,051

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Monterey Colonial
  • Street Number Display: Yes
  • Builders Tract Code: 5650
  • Living Area: 4341
  • Lot Acreage: 0.7300
  • Stories: 2
  • Year Built: 1934
  • Builders Tract Name: Old Las Palmas
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Pavers, Wood
  • Appliances: Built-In BBQ, Cooktop - Gas, Microwave, Built-Ins, Range Hood, Double Oven, Gas Grill
  • Bedrooms: 5
  • Full Bathroom: 1
  • Half Bathroom: 2
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 3
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside, Room
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Barbeque, Built-Ins, Garbage Disposal, Microwave, Refrigerator, Solar Panels, Vented Exhaust Fan, Ice Maker, Dishwasher, Range/Oven, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 961.76
  • Windows: Awning

Exterior Features

  • Other Structures: GuestHouse
  • Fence: Brick
  • Guest House: Attached
  • Pool Description: In Ground, Heated, Salt/Saline, Private
  • Pool: Yes
  • Roof: Tile
  • Spa Yn: No
  • View: Mountains, Trees/Woods
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Driveway, Private, Driveway Gate, Gated, Covered Parking
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning, Central, Multi/Zone
  • Heating: Central, Forced Air
  • Sewer: In Connected and Paid
  • Water: Water District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 505-202-016
  • Lot Size Area: 31799

Rental Info

  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2022
Closed on
Dec 28, 2022
Sold by
Sellers Wallace O
Bought by
Mcclay-Feddersen Family Trust
Seller's Agent
William Coveny
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Louise Hampton
Berkshire Hathaway HomeServices California Properties
List Price
$4,175,000
Sold Price
$4,175,000
Total Days on Market
18
Views
81
Current Estimated Value
$4,295,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,319
Avg. Annual Appreciation
1.19%

Purchase Details

Closed on
May 30, 2008
Sold by
Benassi Peter Mark
Bought by
Sellers Wallace O and Benner Brett M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 2005
Sold by
Benassi Peter Mark and Legittino Albert A
Bought by
Benassi Peter Mark and The Benassi 2005 Living Trust

Purchase Details

Closed on
Aug 22, 2001
Sold by
Benassi Peter and Legittino Albert
Bought by
Benassi Peter and Legittino Albert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
6.87%
Mortgage Type
Unknown
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
Mcclay-Feddersen Family Trust $4,175,000 First American Title
Sellers Wallace O $2,750,000 Commonwealth Land Title Co
Benassi Peter Mark -- None Available
Benassi Peter Mark -- --
Benassi Peter -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sellers Wallace O $480,000
Previous Owner Sellers Wallace O $870,646
Previous Owner Sellers Wallace O $875,300
Previous Owner Sellers Wallace O $881,000
Previous Owner Sellers Wallace O $882,943
Previous Owner Sellers Wallace O $895,000
Previous Owner Sellers Wallace O $1,100,000
Previous Owner Benassi Peter $497,500
Previous Owner Benassi Peter $492,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2023 01/03/23 Sold $4,175,000 0.0% $962 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
10/28/2022 10/28/22 For Sale $4,175,000 -- $962 / 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 $52,051 $3,403,822 $1,052,083 $2,351,739
2022 $43,362 $3,337,082 $1,031,456 $2,305,626
2021 $38,242 $2,944,172 $910,606 $2,033,566
2020 $32,938 $2,628,725 $813,041 $1,815,684
2019 $32,048 $2,552,160 $789,360 $1,762,800
2018 $30,838 $2,454,000 $759,000 $1,695,000
2017 $27,852 $2,204,000 $681,000 $1,523,000
2016 $27,259 $2,180,000 $674,000 $1,506,000
2015 $22,983 $1,879,000 $581,000 $1,298,000
2014 $18,633 $1,504,000 $465,000 $1,039,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-211405

The MLS

APN: 505-202-016