NOT LISTED FOR SALE

140 Obsidian Loop N Palm Springs, CA 92264

Estimated Value: $1,444,000 - $1,618,853

4 Beds
3.5 Baths
2,533 Sq Ft
$607/Sq Ft Est. Value

Last Sold September 28, 2023

Last sale price $1,530,660 $604 Per Sq Ft

Current estimated payment $10,381/month

Highlights

  • Guest House
  • New Construction
  • Casita
  • Palm Springs High School Rated A-
  • Heated In Ground Pool
  • Solar Power System

About This Home

As of September 2023

Desert Luxury! Walking distance to downtown Palm Springs. This 2,533 sqft. home is in the beautiful NEW HOME neighborhood of elan in South Palm Springs. Built by Far West Industries, elan is their newest development - an enclave of 56 detached homes and 25 townhomes are crafted in a distinctively modern style. This new home will be completed in Fall 2023. The open floor plan with high ceilings, has large multi-slide doors that extend the indoor living area to the outdoor patio, overlooking the private courtyard, swimming pool and spa. The great room is perfectly situated next to the gourmet kitchen w/ wet bar, Thermador appliances and an oversized kitchen island with waterfall quartz countertops. The downstairs primary suite has been designed as a peaceful sanctuary with a large shower. The upstairs primary suite has a balcony with unobstructed mountain views. The home also includes a detached casita with full bath overlooking the pool/courtyard area. Of course, solar is included (NO lease) so this energy-efficient NEW home will be the cool place just to hang out or invite your favorite people to discover the coolest place in town. Elan has three beautiful detached model homes to view. Pictures are from the model home and not the home offered for sale. Please call first to book an appointment.

Last Agent to Sell the Property

Ron Hixson

Shine RE Sales & Marketing Inc License #01130106 Listed on: 09/26/2023

Last Buyer's Agent

Ron Hixson

Shine RE Sales & Marketing Inc License #01130106 Listed on: 09/26/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,311

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 5,035 Sq Ft Lot
  • Southwest Facing Home
  • Block Wall Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Sprinkler System
  • Private Yard
  • Back and Front Yard

HOA Fees

  • $278 Monthly HOA Fees

Home Design

  • Midcentury Modern Architecture
  • Slab Foundation
  • Stucco Exterior

Interior Spaces

  • 2,533 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Gas Fireplace
  • Sliding Doors
  • Entryway
  • Great Room with Fireplace
  • 2 Fireplaces
  • Combination Dining and Living Room
  • Tile Flooring
  • Mountain Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • <<microwave>>
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • Two Primary Bathrooms
  • Powder Room
  • Double Vanity

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Dryer Hookup

Home Security

  • Prewired Security
  • Fire Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Eco-Friendly Details

  • Green Features
  • Energy-Efficient Appliances
  • Energy-Efficient Windows
  • Energy-Efficient Insulation
  • Energy-Efficient Doors
  • Solar Power System
  • Solar owned by seller

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Outdoor Pool
  • Gunite Spa
  • Fence Around Pool

Outdoor Features

  • Balcony
  • Concrete Porch or Patio
  • Casita

Schools

  • Cahuilla Elementary School
  • Raymond Cree Middle School
  • Palm Springs High School

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • 220 Volts in Kitchen
  • Property is located within a water district
  • Tankless Water Heater
  • Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Additional Features

  • Guest House
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 513600040
  • Special Tax Authority

Community Details

Overview

  • Built by FAR WEST INDUSTRIES
  • Elan Subdivision, Elan Floorplan
  • Planned Unit Development

Recreation

  • Dog Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,311

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$278 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces South, Leisure Faces West
  • Levels: Two
  • Builder Model Name: elan
  • Builder Name: FAR WEST INDUSTRIES
  • Builders Tract Code: 36914
  • Building Number Of Stories: 1
  • Building Style: Mid Century
  • Casita Features Other: Full Bath
  • Entry Floor: 1
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 604.29
  • Lp Sp Ratio: 1.0000
  • View Type: Mountain(s)
  • Water District Name: Desert Water Agency
  • Year Built: 2023
  • Listing I D: 219100409
  • Listing Member Address: 751 Allen Dr, Corona, CA 92879
  • Listing Office Address: 751 Allen Dr, Corona, CA 92879
  • Post Direction: N
  • Selling Member Address: 751 Allen Dr, Corona, CA 92879
  • Selling Office Address: 751 Allen Dr, Corona, CA 92879
  • Land Type: Fee
  • New Construction: Yes
  • Subdivision: Elan
  • Special Features: NewHome

Interior Features

  • Appliances: Dishwasher, Gas Cooktop, Microwave Oven, Gas Oven, Gas Range, Stackable W/D Hookup, Refrigerator, Gas Dryer Hookup, Disposal
  • Fireplace: Yes
  • Fireplace Location: Great Room
  • Interior Amenities: Open Floorplan
  • Range Hood: Yes
  • Fireplace Features: Gas
  • Flooring: Tile
  • Bedroom Features: 2 Master Bedrooms, Walk In Closet, Main Floor Master Bedroom
  • Total Bedrooms: 4
  • Bathroom Features: 2 Master Baths, Powder Room, Double Vanity(s)
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Eating Areas: Kitchen Island, Living/Dining Combo
  • Kitchen Features: Quartz Counters
  • Laundry: Laundry Area
  • Estimated Sq Ft: 2533.00

Exterior Features

  • Construction: Stucco
  • Other Features: Balcony, Solar System Owned
  • Other Structures: Guest House/Casita
  • Fencing: Block
  • Foundation: Slab
  • Patio: Concrete Slab, Balcony
  • Pool: Yes
  • Pool Accessories: Safety Gate
  • Pool Construction: Gunite, In Ground
  • Pool Description: Heated, Gunite, Private, In Ground
  • Pool Location: Private
  • Planned Unit Development: Yes
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: Gunite, In Ground
  • Spa Hot Tub Description: Heated - Gas, Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Garage Door Opener, Driveway
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • TV Svcs: Cable TV
  • Volt 220: In Kitchen, In Laundry
  • Cooling Type: Central Air, Electric
  • Heating: Heat Pump
  • Heating Fuel: Natural Gas
  • Security: Fire Sprinkler System, Prewired For Alarm
  • Sewer: In Street on Bond
  • Water: Water District
  • Water Heater Feature: Gas, Tankless

Association/Amenities

  • Community Features: Doggie Park
  • Association #1 Frequency: Monthly
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Information: Yes
  • HOA Fee 1: 278.00
  • Total Monthly Association Fees: 278.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 513600040
  • Irrigation: Sprinkler System
  • Lot Acres: 0.1200
  • Lot Description: Back Yard, Yard, Utilities Underground, Street Lighting, Storm Drains, Street Paved, Landscaped, Front Yard, Fenced, Curbs
  • Lot Size: 5035.00

Green Features

  • Green Energy Efficient: Appliances, Water Heater, Windows, Insulation, Doors
  • Green Energy Generation: Solar
  • Green Features: Yes
  • Green Location: Walkability

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple
  • Rental Restrictions: Yes

Tax Info

  • Mello Roos: Yes

Multi Family

  • Total Fireplaces: 2

MLS Schools

  • Elementary School: Cahuilla
  • High School: Palm Springs
  • Junior Middle School: Raymond Cree
  • School District: Palm Springs Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2023
Closed on
Sep 19, 2023
Sold by
Far West Industries
Bought by
Hammond Jeremy and Ruiz Miguel
Seller's Agent
Ron Hixson
Shine RE Sales & Marketing Inc
Buyer's Agent
Ron Hixson
Shine RE Sales & Marketing Inc
List Price
$1,530,660
Sold Price
$1,530,660
Total Days on Market
0
Views
5
Current Estimated Value
$1,537,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,303
Avg. Annual Appreciation
-2.32%
Original Mortgage
$1,224,528
Outstanding Balance
$1,201,628
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$265,678
Source: Public Records

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 Buyer Sale Price Title Company
Hammond Jeremy $1,531,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hammond Jeremy $1,224,528
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2023 09/28/23 Sold $1,530,660 0.0% $604 / Sq Ft
09/26/2023 09/26/23 Pending -- -- --
09/26/2023 09/26/23 For Sale $1,530,660 -- $604 / Sq Ft
Source: California Desert Association of REALTORS®

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 $19,311 $182,238 $54,238 $128,000
2022 $788 $53,175 $53,175 $0
2021 $788 -- -- --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219100409

California Desert Association of REALTORS®

APN: 513-600-040