$700,000
SOLD JAN 29, 2025
3 Beds
3 Baths
1,627 Sq Ft
0.3 Acres

Recently Sold

$430 Per Sq Ft

12% Below List Price

40 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Mountain View
  • 1-Story Property
  • Palm Springs High School Rated A-
  • No HOA

About This Home

As of January 2025

CALLING ALL INVESTORS, DEVELOPERS, & BUILDERS! Don't miss this incredible chance to acquire a development project with approved plans in one of Palm Springs' most desirable neighborhoods. This property is located on fee land (NO land lease) in prime Movie Colony East. This fully-gated, south-facing 13,000+ SQFT all-flat lot will be delivered with construction-ready plans by Lopez Architects A.I.A.. The existing structure is 1,625 SQFT with plans to expand to 3,242 SQFT plus an additional 200 SQFT garage. The property has been taken to the studs and is construction-ready. The architectural renderings feature 4 separate bedrooms all with ensuite baths, an additional powder bath, open floor plan living area, and a chef's kitchen. All renderings and plans, including a new 35-foot-long pool and 29 SQFT spa, will be transferred to the new owner. Seize this opportunity to develop a stunning estate in one of Palm Springs' most sought-after locations!

Last Agent to Sell the Property

Michelle Knutson

Compass License #02103223 Listed on: 12/05/2024

Compass

Co-Listed By

Randy Roy

License #01300106

Last Buyer's Agent

Scott Ehrens

Compass License #02074886

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,330

Year Built

  • Built in 1957

Lot Details

  • 0.3 Acre Lot
  • Property is zoned R1C

Parking

  • 3 Parking Spaces

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 1,627 Sq Ft Home
  • 1-Story Property
  • Mountain Views

Bedrooms and Bathrooms

  • 3 Bedrooms

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 507-255-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,330

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: CALLING ALL INVESTORS, DEVELOPERS, & BUILDERS! Don't miss this incredible chance to acquire a development project with approved plans in one of Palm Springs' most desirable neighborhoods. This property is located on fee land in prime Movie Colony East. This fully-gated, south-facing 13,000+ SQFT all-flat lot will be delivered with construction-ready plans by Lopez Architects A.I.A.. The existing structure is 1,625 SQFT with plans to expand to 3,242 SQFT + 200 SQFT garage. The property has been taken to the studs and is construction-ready. The architectural renderings feature 4 separate bedrooms all with ensuite baths, an additional powder bath, open floor plan living area, and a chef's kitchen. All renderings and plans, including a new 35-foot-long pool and 29 sq. ft. spa, will be transferred to the new owner. Seize this opportunity a stunning estate!
  • Builders Tract Code: 5740
  • Living Area: 1627
  • Lot Acreage: 0.3000
  • Stories: 1
  • Year Built: 1957
  • Builders Tract Name: Movie Colony East
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 488.63

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Mountains
  • View: Yes

Garage/Parking

  • Total Parking: 3

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 507-255-007
  • Lot Size Area: 13068

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2024
Closed on
Jan 21, 2025
Sold by
Sktk Investment Partners Llc
Bought by
Wayne Properties Llc
Seller's Agent
Michelle Knutson
Compass
Buyer's Agent
Scott Ehrens
Compass
List Price
$795,000
Sold Price
$700,000
Premium/Discount to List
-$95,000
-11.95%
Views
151
Current Estimated Value
$766,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,149
Avg. Annual Appreciation
15.95%

Purchase Details

Listed on
Sep 20, 2022
Closed on
Dec 5, 2022
Sold by
Kaul Neerja
Bought by
Sktk Investment Partners Llc
Seller's Agent
Scott Ehrens
Compass
List Price
$1,069,000
Sold Price
$650,000
Premium/Discount to List
-$419,000
-39.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.51%

Purchase Details

Listed on
Dec 4, 2017
Closed on
May 23, 2018
Sold by
Kaul Neerja
Bought by
Kaul Neerja and Kaul Nivedita
Seller's Agent
JESSE PINA
VISMAR REAL ESTATE
Buyer's Agent
JESSE PINA
VISMAR REAL ESTATE
List Price
$650,000
Sold Price
$475,000
Premium/Discount to List
-$175,000
-26.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.99%

Purchase Details

Listed on
Dec 4, 2017
Closed on
Mar 15, 2018
Sold by
Dunham Donald R
Bought by
Kaul Neerja
Seller's Agent
JESSE PINA
VISMAR REAL ESTATE
Buyer's Agent
JESSE PINA
VISMAR REAL ESTATE
List Price
$650,000
Sold Price
$475,000
Premium/Discount to List
-$175,000
-26.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,750
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 1995
Sold by
Craft Teresa Lynn
Bought by
Dunham Donald R and Craft Teresa Lynn
Source: Public Records

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Range of Values:

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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 $700,000 First American Title
Grant Deed $650,000 First American Title
Interfamily Deed Transfer -- None Available
Grant Deed $475,000 Pacific Coast Title
Grant Deed -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $403,750 New Conventional
Previous Owner $230,000 New Conventional
Previous Owner $72,000 Credit Line Revolving
Previous Owner $170,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2025 01/29/25 Sold $700,000 -11.9% $430 / Sq Ft
01/14/2025 01/14/25 Pending -- -- --
12/05/2024 12/05/24 For Sale $795,000 +22.3% $489 / Sq Ft
12/08/2022 12/08/22 Sold $650,000 -18.2% $400 / Sq Ft
12/01/2022 12/01/22 Pending -- -- --
11/14/2022 11/14/22 Price Changed $795,000 -9.1% $489 / Sq Ft
11/03/2022 11/03/22 Price Changed $875,000 -11.6% $538 / Sq Ft
10/08/2022 10/08/22 Price Changed $990,000 -7.4% $608 / Sq Ft
09/20/2022 09/20/22 For Sale $1,069,000 +125.1% $657 / Sq Ft
04/19/2018 04/19/18 Sold $475,000 0.0% $292 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
02/22/2018 02/22/18 Price Changed $475,000 -13.6% $292 / Sq Ft
01/16/2018 01/16/18 Price Changed $550,000 -15.4% $338 / Sq Ft
12/04/2017 12/04/17 For Sale $650,000 -- $400 / 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 $8,330 $676,260 $494,190 $182,070
2023 $8,330 $650,000 $475,000 $175,000
2022 $6,754 $509,294 $80,414 $428,880
2021 $6,617 $499,309 $78,838 $420,471
2020 $6,409 $494,190 $78,030 $416,160
2019 $6,300 $484,500 $76,500 $408,000
2018 $1,321 $91,710 $30,423 $61,287
2017 $1,685 $89,913 $29,827 $60,086
2016 $1,642 $88,151 $29,243 $58,908
2015 $1,574 $86,828 $28,804 $58,024
2014 $1,536 $85,130 $28,241 $56,889
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-469561

The MLS

APN: 507-255-007