$1,595,000
SOLD NOV 20, 2020
5 Beds
7 Baths
2,943 Sq Ft
0.37 Acres

Recently Sold

$542 Per Sq Ft

7% Above List Price

9 Days on Market

Highlights

  • Attached Guest House
  • Home Theater
  • Solar Power System
  • Palm Springs High School Rated A-
  • In Ground Pool
  • Mountain View

About This Home

As of November 2020

Own a piece of Palm Springs history! The elegant "Home of Hope" was occupied for many years by Hollywood royalty Bob Hope and his wife Dolores. One of three properties they owned here, this estate remains largely true to its original design but has been thoughtfully updated. Sitting on over 16,000 square feet of land, the private park-like double-lot is surrounded by lush, mature hedges and citrus-bearing trees. The graceful interior boasts nearly 3,000 square feet of living space. Enter into the grounds and be immediately captivated by the oversized swimming pool and expansive deck that is designed for al-fresco entertaining. The large, retractable awning provides shade for outdoor dining or pool party entertainment. Recent remodeling includes the addition of solar panels, an upgraded kitchen, and beautiful wallpaper from Schumacher and Cole & Sons. The casita is accessible via private entrance and can be used as a vacation rental. It's a spectacular property.

Last Agent to Sell the Property

John White

Equity Union License #01973171 Listed on: 09/28/2020

Last Buyer's Agent

Anthony Halton

Halton Pardee & Partners, Inc. License #00860890

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,850

Year Built

  • Built in 1935 | Remodeled

Lot Details

  • 0.37 Acre Lot
  • South Facing Home
  • Gated Home
  • Corner Lot
  • Sprinkler System
  • Historic Home
  • Property is zoned R1C

Home Design

  • Stucco

Interior Spaces

  • 2,943 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Gas Fireplace
  • Awning
  • Living Room with Fireplace
  • Dining Area
  • Home Theater
  • Mountain Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Automatic Gate
  • Controlled Entrance

Pool

  • In Ground Pool
  • Gas Heated Pool
  • Spa

Utilities

  • Air Conditioning
  • Central Heating
  • Property is located within a water district
  • Sewer in Street

Additional Features

  • Solar Power System
  • Covered Patio or Porch
  • Attached Guest House

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 507-232-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,850

Year Built

Built in 1935 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Ranch
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Own a piece of Palm Springs history! The elegant "Home of Hope" was occupied for many years by Hollywood royalty Bob Hope and his wife Dolores. One of three properties they owned here, this estate remains largely true to its original design but has been thoughtfully updated. Sitting on over 16,000 square feet of land, the private park-like double-lot is surrounded by lush, mature hedges and citrus-bearing trees. The graceful interior boasts nearly 3,000 square feet of living space. Enter into the grounds and be immediately captivated by the oversized swimming pool and expansive deck that is designed for al-fresco entertaining. The large, retractable awning provides shade for outdoor dining or pool party entertainment. Recent remodeling includes the addition of solar panels, an upgraded kitchen, and beautiful wallpaper from Schumacher and Cole & Sons. The casita is accessible via private entrance and can be used as a vacation rental. It's a spectacular property.
  • Builders Tract Code: 5740
  • Entry Location: Ground Level - no steps
  • Living Area: 2943
  • Lot Acreage: 0.3700
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1935
  • Builders Tract Name: Movie Colony East
  • Number Of Photos: 52
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Gas, Living Room
  • Flooring: Tile, Carpet
  • Appliances: Cooktop - Gas, Microwave, Oven
  • Bedrooms: 5
  • Fireplaces: 1
  • Full Bathroom: 5
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar, Dining Area
  • Laundry: Inside, Laundry Area
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Garbage Disposal, Microwave, Washer, Solar Panels, Refrigerator, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 507.99

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Other Features: Historical, Service Entrance
  • Other Structures: GuestHouse
  • Tennis Court Y/N: No
  • Guest House: Attached
  • Patio: Awning
  • Pool Description: Heated with Gas, In Ground, Private
  • Pool: Yes
  • Spa: Hot Tub, Private Portable
  • Spa Yn: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Parking Garage: Door Opener, Garage - 2 Car, Controlled Entrance
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Smoke Detector, Gated, Exterior Security Lights, Automatic Gate
  • Sewer: In Street Paid
  • Water: In Street, District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler System
  • Horses: No
  • Assessor Parcel Number: 507-232-008
  • Lot Description: 2-4 Lots
  • Lot Location: Corner Lot
  • Lot Size Area: 16117

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2020
Closed on
Dec 18, 2020
Sold by
Sherman David and Sherman Danielle
Bought by
Juliette & James Llc
Seller's Agent
John White
Equity Union
Buyer's Agent
Anthony Halton
Halton Pardee & Partners, Inc.
List Price
$1,495,000
Sold Price
$1,595,000
Premium/Discount to List
$100,000
6.69%
Current Estimated Value
$2,097,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$502,854
Avg. Annual Appreciation
6.62%

Purchase Details

Listed on
Sep 28, 2020
Closed on
Oct 8, 2020
Sold by
Douglas Brian D and Hodgkins James F
Bought by
Sherman David and Sherman Danielle
Seller's Agent
John White
Equity Union
Buyer's Agent
Anthony Halton
Halton Pardee & Partners, Inc.
List Price
$1,495,000
Sold Price
$1,595,000
Premium/Discount to List
$100,000
6.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,196,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 20, 2016
Closed on
Apr 1, 2016
Sold by
Hubbs Bradley W and Hubbs Megan K
Bought by
Douglas Brian D and Hodgkins James F
Seller's Agent
Patrick Jordan
Bennion Deville Homes
Buyer's Agent
John White
Equity Union
List Price
$1,099,000
Sold Price
$1,035,000
Premium/Discount to List
-$64,000
-5.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.13%
Original Mortgage
$828,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 11, 2012
Closed on
Jan 15, 2013
Sold by
Mcdonnell Jophn and Motalto Anthony V
Bought by
Hubbs Bradley W and Hubbs Megan K
Seller's Agent
Patrick Jordan
Bennion Deville Homes
Buyer's Agent
Carol Berger
Desert Lifestyle Properties
List Price
$659,000
Sold Price
$725,000
Premium/Discount to List
$66,000
10.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.43%
Original Mortgage
$525,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2004
Sold by
Hope Dolores Defina and Spanos Alexander
Bought by
Hope Dolores and The Dolores Hope Trust

Purchase Details

Closed on
Aug 26, 1996
Sold by
Hope L Bob and Hope Dolores D
Bought by
Hope Bob and Hope Dolores Defina
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 Type Sale Price Title Company
Grant Deed -- None Available
Grant Deed $1,595,000 Orange Coast Title
Grant Deed $1,035,000 Orange Coast Title Company
Grant Deed $725,000 Orange Coast Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,196,250 New Conventional
Previous Owner $828,000 New Conventional
Previous Owner $525,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2020 11/20/20 Sold $1,595,000 +6.7% $542 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
09/28/2020 09/28/20 For Sale $1,495,000 +44.4% $508 / Sq Ft
05/31/2016 05/31/16 Sold $1,035,000 -5.8% $352 / Sq Ft
03/29/2016 03/29/16 Pending -- -- --
01/20/2016 01/20/16 For Sale $1,099,000 +51.6% $373 / Sq Ft
02/14/2013 02/14/13 Sold $725,000 +10.0% $246 / Sq Ft
01/13/2013 01/13/13 Pending -- -- --
01/13/2013 01/13/13 For Sale $659,000 -9.1% $224 / Sq Ft
01/04/2013 01/04/13 Off Market $725,000 -- --
12/11/2012 12/11/12 For Sale $659,000 -- $224 / 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 $20,850 $1,726,477 $562,864 $1,163,613
2023 $20,850 $1,659,438 $541,008 $1,118,430
2022 $21,277 $1,626,900 $530,400 $1,096,500
2021 $20,840 $1,595,000 $520,000 $1,075,000
2020 $22,162 $1,120,315 $395,086 $725,229
2019 $21,915 $1,098,349 $387,340 $711,009
2018 $21,652 $1,076,814 $379,746 $697,068
2017 $21,449 $1,055,700 $372,300 $683,400
2016 $9,602 $754,166 $223,648 $530,518
2015 $9,228 $742,840 $220,290 $522,550
2014 $9,132 $728,291 $215,976 $512,315
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-638460

The MLS

APN: 507-232-008