NOT LISTED FOR SALE

Estimated Value: $1,378,000 - $1,458,000

5 Beds
4 Baths
3,042 Sq Ft
$464/Sq Ft Est. Value

Last Sold January 19, 2024

Last sale price $1,400,000 $460 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $9,057/month

14 Days on Market

Highlights

  • Heated In Ground Pool
  • Casita
  • 2 Car Direct Access Garage
  • Palm Springs High School Rated A-
  • Furnished
  • Security System Owned

About This Home

As of January 2024

''The Palm Springs Home'' - Where ART Comes to LIFE! As the door opens to this MAGICAL home, you begin to create memories you will cherish for a LIFETIME! You'll pass by ORIGINAL painted, life-size images of Marilyn Monroe, Frank Sinatra, Elvis, Elizabeth Taylor and a hand-painted Tramway wall as it soars through the mountain sunshine encompassing what Palm Springs is all about. This home was magically put together by the best property managers/interior decorators Palm Springs has to offer. No expense was spared or corner was left untouched as the home was being transformed into being the most spectacular vacation rental in the city. If you're a savvy investor looking for a killer opportunity to buy into the short term rental market in the city; than look no further. This property has the potential to generate over $180,000 in rental income in the first year of business and only build up your income from there year after year. This one of a kind home has custom art throughout the walls and also custom artwork in most rooms. The colors are vibrant and the home feels like you're in an animation with lively characters in each room. This home has five bedrooms, three full baths and a quarter bath. Two of the bedrooms are en-suites and there's also an attached casita which the new owner can occupy as a primary residence so they can book the main residence unlimited times throughout the year. The U shaped home is built around the pool with multiple windows and sliders looking out

Last Agent to Sell the Property

David Colin

HomeSmart License #01710306 Listed on: 01/04/2024

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,404

Year Built

  • Built in 2004

Lot Details

  • 10,454 Sq Ft Lot
  • Home has North and South Exposure
  • Block Wall Fence
  • Sprinkler System

Parking

  • 2 Car Direct Access Garage

Interior Spaces

  • 3,042 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Gas Fireplace
  • Great Room with Fireplace
  • Security System Owned

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Pool

  • Heated In Ground Pool
  • In Ground Spa
  • Outdoor Pool
  • Saltwater Pool

Outdoor Features

  • Casita

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Ps Colony Subdivision

Listing and Financial Details

  • Assessor Parcel Number 501540061

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,404

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces South, Leisure Faces North
  • Levels: One
  • Building Number Of Stories: 2
  • Included In Sale: All furnishings, electronics and accessories.
  • List Price per Sq Ft: 460.22
  • Lp Sp Ratio: 1.0000
  • Year Built: 2004
  • Listing I D: 219104798
  • Listing Member Address: 73301 Fred Waring Dr., Ste 101, Palm Desert, CA 92260
  • Listing Member Fax: (760) 844-7550
  • Listing Office Address: 73301 Fred Waring Dr., Ste 101, Palm Desert, CA 92260
  • Listing Office Fax: (760) 844-7550
  • Selling Member Address: 830 N Palm Canyon, Palm Springs, CA 92262
  • Selling Office Address: 830 N Palm Canyon Suite 2, Palm Springs, CA 92262
  • Selling Office Fax: (760) 820-2629
  • Land Type: Fee
  • Subdivision: PS Colony
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Great Room
  • Fireplace Features: Gas
  • Flooring: Carpet, Ceramic Tile
  • Total Bedrooms: 5
  • One Quarter Bathrooms: 1.00
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Estimated Sq Ft: 3042.00

Exterior Features

  • Fencing: Block
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Heated, Salt Water
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Private

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Direct Entrance
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Total Uncovered Assigned Spaces: 2.00

Utilities

  • Cooling Type: Air Conditioning
  • Heating: Central, Fireplace(s)
  • Heating Fuel: Natural Gas
  • Security: Security System Owned
  • Sewer: In, Connected and Paid

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 501540061
  • Irrigation: Sprinkler System
  • Lot Size: 10454.00

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Yes

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Jan 12, 2024
Sold by
Brik Marina Revocable Trust
Bought by
Brik Marina
Seller's Agent
David Colin
HomeSmart
List Price
$1,400,000
Sold Price
$1,400,000
Views
13
Current Estimated Value
$1,411,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,428
Avg. Annual Appreciation
-0.45%
Original Mortgage
$999,000
Outstanding Balance
$981,588
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$408,377

Purchase Details

Listed on
Jan 4, 2024
Closed on
Jan 4, 2024
Sold by
Brik Marina and Brik Edward
Bought by
Midgett-Gordon Billie and Gordon Marc
Seller's Agent
David Colin
HomeSmart
List Price
$1,400,000
Sold Price
$1,400,000
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Outstanding Balance
$981,588
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$408,377

Purchase Details

Closed on
Sep 11, 2023
Sold by
Piedra Elisabeth
Bought by
Brik Marina

Purchase Details

Closed on
Sep 8, 2023
Sold by
Brik Kateryna
Bought by
Brik Edward

Purchase Details

Closed on
Feb 16, 2023
Sold by
Brik Marina
Bought by
Brik Marina and Brik Edward

Purchase Details

Listed on
Jun 29, 2021
Closed on
Sep 24, 2021
Sold by
Brik Marina
Bought by
Brik Marina and Brik Edward
Seller's Agent
Charles Grigg
Bennion Deville Homes
Buyer's Agent
David Colin
List Price
$1,199,000
Sold Price
$1,275,000
Premium/Discount to List
$76,000
6.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.15%

Purchase Details

Listed on
Jun 29, 2021
Closed on
Sep 9, 2021
Sold by
Brik Marina
Bought by
Brik Marina and The Marina Brik Revocable Trus
Seller's Agent
Charles Grigg
Bennion Deville Homes
Buyer's Agent
David Colin
List Price
$1,199,000
Sold Price
$1,275,000
Premium/Discount to List
$76,000
6.34%

Purchase Details

Listed on
Jun 29, 2021
Closed on
Jul 8, 2021
Sold by
Grigg Charles T and Doss Dailey D
Bought by
Brik Marina
Seller's Agent
Charles Grigg
Bennion Deville Homes
Buyer's Agent
David Colin
List Price
$1,199,000
Sold Price
$1,275,000
Premium/Discount to List
$76,000
6.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2004
Sold by
Far West Industries
Bought by
Grigg Charles T and Doss Dailey D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$553,600
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Brik Marina -- First American Title
Midgett-Gordon Billie $1,399,000 First American Title
Brik Marina -- First American Title
Piedra Elisabeth -- First American Title
Brik Edward -- First American Title
Brik Marina -- --
Brik Marina -- None Available
Brik Marina -- None Available
Brik Marina $1,275,000 Orange Coast Title Company
Grigg Charles T $692,500 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Midgett-Gordon Billie $999,000
Previous Owner Brik Marina $892,500
Previous Owner Grigg Charles T $200,000
Previous Owner Grigg Charles T $66,000
Previous Owner Grigg Charles T $84,000
Previous Owner Grigg Charles T $553,600
Closed Grigg Charles T $69,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2024 01/19/24 Sold $1,400,000 0.0% $460 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
01/04/2024 01/04/24 For Sale $1,400,000 +9.8% $460 / Sq Ft
08/06/2021 08/06/21 Sold $1,275,000 +6.3% $419 / Sq Ft
07/04/2021 07/04/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $1,199,000 -- $394 / 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
2025 $16,404 $1,426,980 $355,980 $1,071,000
2023 $16,404 $1,300,500 $357,000 $943,500
2022 $16,732 $1,275,000 $350,000 $925,000
2021 $10,279 $776,234 $232,750 $543,484
2020 $8,881 $693,067 $207,813 $485,254
2019 $8,646 $672,880 $201,760 $471,120
2018 $8,326 $647,000 $194,000 $453,000
2017 $8,287 $641,000 $192,000 $449,000
2016 $8,101 $633,000 $190,000 $443,000
2015 $7,439 $595,000 $178,000 $417,000
2014 $6,850 $542,000 $163,000 $379,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219104798

California Desert Association of REALTORS®

APN: 501-540-061