$3,750,000
SOLD NOV 29, 2024
4 Beds
4 Baths
3,572 Sq Ft
0.68 Acres

Recently Sold

$1,050 Per Sq Ft

6% Below List Price

37 Days on Market

Highlights

  • Tennis Courts
  • In Ground Pool
  • Living Room with Fireplace
  • Palm Springs High School Rated A-
  • Mountain View
  • Spanish Architecture

About This Home

As of November 2024

Capturing the classic ambiance of Palm Springs, this virtually original 1945 tennis estate is one of the finest within the prestigious Old Las Palmas enclave. Exceptionally private and enriched by dramatic mountain views, the sprawling single-level Spanish Hacienda-style residence is embraced by a generous homesite that spans about .68 acres. Grounds are virtually invisible from the street, with only two driveway gates and a small gate for visitors allowing access. Discover an enchanting world where mature, impeccably maintained landscaping complements outdoor living areas that include a central courtyard with mosaic-tile pool, a separate spa, private tennis court, detached casita, and a fabulous outdoor cabana with an open-air fireplace, bar, and built-in kitchen with grill, sink and refrigerator. Numerous covered terraces provide delightful spaces for quiet relaxation, and hand-laid brick graces most patios. Approx. 3,572 s.f., the expansive design hosts four bedrooms and four baths, a generous living room with fireplace, and a bright and welcoming family room.

Last Agent to Sell the Property

Nelson - Moe Group

Compass Listed on: 10/12/2024

Compass

Last Buyer's Agent

James Bianco

Coldwell Banker Realty License #01954998

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,555

Year Built

  • Built in 1945

Home Design

  • Spanish Architecture
  • Flat Roof Shape
  • Tile Roof
  • "S" Clay Tile Roof

Interior Spaces

  • 3,572 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Breakfast Room
  • Dining Room
  • Mountain Views
  • Security System Owned
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 3 Car Direct Access Garage
  • 1 Attached Carport Space
  • Garage Door Opener
  • Driveway
  • On-Street Parking

Pool

  • In Ground Pool
  • In Ground Spa
  • Outdoor Pool
  • Pool Tile

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts in Garage

Additional Features

  • Tennis Courts
  • 0.68 Acre Lot
  • Ground Level

Community Details

  • Old Las Palmas Subdivision
  • Billiard Room

Listing and Financial Details

  • Assessor Parcel Number 5051930070

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,555

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: Ground Level, No Unit Above, Ground, One
  • Building Number Of Stories: 2
  • Building Style: Spanish
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 1118.42
  • Lp Sp Ratio: 0.9400
  • View Type: Mountain(s)
  • Year Built: 1945
  • Listing I D: 219118198
  • Listing Member Address: 74199 El Paseo, Suite 200, Palm Desert, CA 92260
  • Listing Office Address: 830 N Palm Canyon Suite 2, Palm Springs, CA 92262
  • Listing Office Fax: (760) 820-2629
  • Selling Member Address: 121 S Palm Canyon Dr 222, Anthony Papillo, Palm Springs, CA 92262
  • Selling Office Address: 121 S Palm Canyon Dr 222, Anthony Papillo, Palm Springs, CA 92262
  • Land Type: Fee
  • Subdivision: Old Las Palmas
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room, Primary Bedroom
  • Interior Amenities: Beamed Ceilings
  • Fireplace Features: Gas & Wood
  • Flooring: Mixed
  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Laundry: Individual Room
  • Estimated Sq Ft: 3572.00

Exterior Features

  • Other Features: Tennis Court
  • Roofing: Clay Tile, Tile, Flat
  • Pool: Yes
  • Pool Construction: In Ground, Tile
  • Pool Description: In Ground, Private
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Attached Carport, Driveway, Garage Door Opener, Direct Entrance, On Street
  • Total Carport Spaces: 1.00
  • Total Covered Spaces: 1.00
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 7.00
  • Total Uncovered Assigned Spaces: 2.00

Utilities

  • Volt 220: In Garage
  • Cooling Type: Air Conditioning, Central Air, Ceiling Fan(s)
  • Heating: Central, Forced Air, Fireplace(s)
  • Security: Security System Owned
  • Sewer: In, Connected and Paid
  • Water: In Street

Condo/Co-op/Association

  • Unit Location: Ground Floor

Lot Info

  • Assessor Parcel Number: 5051930070
  • Lot Size: 29621.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2024
Closed on
Nov 4, 2024
Sold by
Borba Family Trust and Borba Craig
Bought by
Finefrock Family Trust and Finefrock
Seller's Agent
Nelson - Moe Group
Compass
Buyer's Agent
James Bianco
Coldwell Banker Realty
List Price
$3,995,000
Sold Price
$3,750,000
Premium/Discount to List
-$245,000
-6.13%
Views
11
Current Estimated Value
$3,744,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,360
Avg. Annual Appreciation
-0.16%
Original Mortgage
$3,000,000
Outstanding Balance
$2,971,890
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$772,750

Purchase Details

Closed on
Jun 12, 2002
Sold by
Borba Craig and Borba Michele
Bought by
Borba Craig and Borba Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2002
Sold by
Borba Craig and Borba Michele
Bought by
Borba Craig and Borba Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2000
Sold by
Borba and Michele
Bought by
Borba Craig and Borba Michele

Purchase Details

Closed on
Jun 25, 1997
Sold by
Tommy Raynor
Bought by
Borba Craig and Borba Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 1994
Sold by
Mckernan Peter J
Bought by
Mckernan Shirley Ruby

Purchase Details

Closed on
Feb 22, 1994
Sold by
Mckernan Shirley Ruby
Bought by
Raynor Tommy
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 $3,750,000 Chicago Title
Interfamily Deed Transfer -- Southland Title Company
Interfamily Deed Transfer -- Southland Title Company
Interfamily Deed Transfer -- --
Grant Deed $830,000 First American Title Ins Co
Quit Claim Deed -- Orange Coast Title Co
Grant Deed $725,000 Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,000,000 New Conventional
Previous Owner $562,000 Purchase Money Mortgage
Previous Owner $622,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2024 11/29/24 Sold $3,750,000 -6.1% $1,050 / Sq Ft
11/18/2024 11/18/24 Pending -- -- --
10/12/2024 10/12/24 For Sale $3,995,000 -- $1,118 / Sq Ft
Source: Greater Palm Springs Multiple Listing Service

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 $16,555 $3,750,000 $1,250,000 $2,500,000
2023 $16,555 $1,320,033 $429,718 $890,315
2022 $16,889 $1,294,151 $421,293 $872,858
2021 $16,542 $1,268,777 $413,033 $855,744
2020 $15,787 $1,255,768 $408,798 $846,970
2019 $15,510 $1,231,146 $400,783 $830,363
2018 $15,215 $1,207,007 $392,926 $814,081
2017 $14,988 $1,183,341 $385,222 $798,119
2016 $14,543 $1,160,139 $377,669 $782,470
2015 $13,985 $1,142,714 $371,997 $770,717
2014 $13,612 $1,101,116 $364,711 $736,405
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Palm Springs Multiple Listing Service

MLS Number: 219118198

Greater Palm Springs Multiple Listing Service

APN: 505-193-007