NOT LISTED FOR SALE

1540 Palm Colony Palm Springs, CA 92264

Estimated Value: $813,000 - $1,954,000

4 Beds
3.5 Baths
2,822 Sq Ft
$539/Sq Ft Est. Value

Last Sold February 27, 2014

Last sale price $773,000 $274 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $9,704/month

146 Days on Market

Highlights

  • Heated Spa
  • Gated Community
  • Fireplace in Guest House
  • Palm Springs High School Rated A-
  • Mountain View
  • Double Shower

About This Home

As of February 2014

Former Model Modern Nexus Built Home in the Deepwell Area. Intimate private gated Colony of Luxury Executive Homes in desirable south-side Palm Springs, Volume Ceilings, Clerestory Windows, All Bedrooms En-Suite, generous use of Caesar Stone, Designer Appliances, Running Bond Sage Ceramic Tile, Custom Chrome Hardware & Plush Bedroom Carpets. Spacious Master Suite offers Spa Like Bathroom, Dual Walk-in Tiled Shower & Soaking Tub. Great Room with Fireplace opens to Private Pool, Spa & Patio. Laundry Room, Utility Sink, over sized 2 Car Garage. Private Guest House/Casita, Bathroom, Fireplace & Handy Bar-Frig. Quiet Southern Mt.Views, close to downtown offering Private Resort Residence or Seasonal Rental Investment Property. Fee-Simple, You Own the Land.

Last Agent to Sell the Property

Steve Remball

Desert Real Estate License #00475059 Listed on: 10/01/2013

Last Buyer's Agent

Tom Deleeuw

Coldwell Banker Realty License #01420757

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,564

Year Built

  • Built in 2005

Lot Details

  • 6,970 Sq Ft Lot
  • Cul-De-Sac
  • West Facing Home
  • Block Wall Fence
  • Sprinkler System

HOA Fees

  • $239 Monthly HOA Fees

Home Design

  • Modern Architecture
  • Turnkey
  • Shingle Roof
  • Composition Roof
  • Stucco Exterior
  • Stone Veneer

Interior Spaces

  • 2,822 Sq Ft Home
  • Fireplace With Glass Doors
  • Custom Window Coverings
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Mountain Views

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Linen Closet
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • Double Vanity
  • Secondary bathroom tub or shower combo
  • Double Shower
  • Shower Only in Secondary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Oversized Parking
  • Automatic Gate

Accessible Home Design

  • Roll-in Shower
  • Wheelchair Adaptable

Pool

  • Heated Spa
  • Gunite Pool
  • Outdoor Pool

Utilities

  • Forced Air Heating and Cooling System
  • Property is located within a water district
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Fireplace in Guest House
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 508370018

Community Details

Overview

  • Built by Nexus Corp.
  • Biltmore Subdivision, Palm Colony Executi Floorplan

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,564

Year Built

Built in 2005

Lot Details

0

HOA Fees

$239 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces West
  • Levels: Ground Level, No Unit Above
  • Builder Model Name: Palm Colony Executi
  • Builder Name: Nexus Corp.
  • Builders Tract Code: Biltmore Colony
  • Building Style: Modern
  • Disability Access: Roll-in Shower, Wheelchair Adaptable
  • Entry Location: Ground Level - No Steps
  • Included In Sale: Furnished per inventory.
  • List Price per Sq Ft: 293.76
  • Lp Sp Ratio: 0.9324
  • View Type: Mountain(s)
  • Water District Name: Desert Water Agency
  • Year Built: 2005
  • Listing I D: 21482423
  • Listing Member Address: P.O. Box 1381, Palm Springs, CA 92263
  • Listing Office Address: P.O. Box 1381, Palm Springs, CA 92263
  • Listing Office Fax: (760) 327-1800
  • Selling Member Address: 1081 N. Palm Canyon Drive, Palm Springs, CA 92262
  • Selling Office Address: P.O. Box 1381, Palm Springs, CA 92263
  • Selling Office Fax: (760) 327-1800
  • Land Type: Fee
  • Subdivision: Biltmore
  • Special Features: None

Interior Features

  • Appliances: Dryer, Washer, Refrigerator, Disposal, Dishwasher, Gas/Elec Dryer Hookup
  • Fireplace: Yes
  • Fireplace Location: Casita - Guest House, Living Room
  • Interior Amenities: Block Walls
  • Fireplace Features: Glass Doors
  • Flooring: Concrete, Ceramic Tile
  • Bedroom Features: Primary Suite, Walk In Closet
  • Total Bedrooms: 4
  • Bathroom Features: Dual Entry-Jack & Jill, Shower Stall, Shower & Tub, Linen Closet, Double Vanity(s), Double Shower
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Eating Areas: Dining Area
  • Kitchen Features: Pantry
  • Laundry: Individual Room
  • Estimated Sq Ft: 2822.00
  • Windows Treatments: Custom Window Covering

Exterior Features

  • Construction: Stucco, Stone Veneer
  • Roofing: Composition, Shingle
  • Fencing: Block
  • Patio: Covered
  • Pool: Yes
  • Pool Construction: Gunite
  • Pool Location: Private
  • Spa Hot Tub: Yes
  • Spa Hot Tub Description: Heated, Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Oversized

Utilities

  • TV Svcs: Cable TV
  • Cooling Type: Air Conditioning
  • Heating: Forced Air
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas

Association/Amenities

  • Association #1 Frequency: Monthly
  • Pet Rules: Assoc Pet Rules
  • Gated Community: Yes

Condo/Co-op/Association

  • HOA Information: Yes
  • HOA Fee 1: 239.00
  • Total Monthly Association Fees: 239.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 508370018
  • Irrigation: Sprinkler System
  • Lot Acres: 0.1600
  • Lot Description: Automatic Gate
  • Lot Location: Cul-De-Sac
  • Lot Size: 6970.00

Rental Info

  • Will Consider Lease: Yes
  • Furnished: Turnkey
  • Land Lease Type: Fee Simple

MLS Schools

  • School District: Palm Springs Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2021
Sold by
Gruen Bruce L and Gruen Joanne L
Bought by
Gruen Bruce L and Gruen Joanne L
Total Days on Market
146
Current Estimated Value
$1,521,555

Purchase Details

Listed on
Oct 1, 2013
Closed on
Jan 22, 2014
Sold by
Greenberg Jeffrey and Greenberg Lori July
Bought by
The Gruen Revocable Living Trust
Seller's Agent
Steve Remball
Desert Real Estate
Buyer's Agent
Tom Deleeuw
Coldwell Banker Realty
List Price
$849,000
Sold Price
$773,000
Premium/Discount to List
-$76,000
-8.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%

Purchase Details

Closed on
Apr 23, 2009
Sold by
Greenberg Jeffrey and Greenberg Lori July
Bought by
Greenberg Jeffrey and Greenberg Lori July

Purchase Details

Closed on
Aug 1, 2006
Sold by
Greenberg Jeffrey and Greenberg Lori July
Bought by
Greenberg Jeffrey and Greenberg Lori July

Purchase Details

Closed on
Feb 16, 2006
Sold by
Greenberg Jeffrey and Greenberg Lori July
Bought by
Greenberg Jeffrey and Greenberg Lori July

Purchase Details

Closed on
Oct 3, 2005
Sold by
Nrc 1 Llc
Bought by
Mitchell Stephen H and Mitchell Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$832,857
Interest Rate
1.75%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Gruen Bruce L -- None Available
The Gruen Revocable Living Trust $773,000 Orange Coast Title Company
Greenberg Jeffrey -- None Available
Greenberg Jeffrey -- Southland Title
Greenberg Jeffrey -- Southland Title
Greenberg Jeffrey $1,200,000 Southland Title
Mitchell Stephen H $1,110,500 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gruen Bruce L $1,050,000
Previous Owner Mitchell Stephen H $832,857
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2014 02/27/14 Sold $773,000 -6.8% $274 / Sq Ft
02/24/2014 02/24/14 Pending -- -- --
11/09/2013 11/09/13 Price Changed $829,000 -2.4% $294 / Sq Ft
10/01/2013 10/01/13 For Sale $849,000 -- $301 / 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
2023 $11,564 $910,785 $229,755 $681,030
2022 $11,798 $892,927 $225,250 $667,677
2021 $11,559 $875,420 $220,834 $654,586
2020 $11,036 $866,445 $218,570 $647,875
2019 $10,844 $849,457 $214,285 $635,172
2018 $10,641 $832,802 $210,085 $622,717
2017 $10,483 $816,473 $205,966 $610,507
2016 $10,175 $800,465 $201,928 $598,537
2015 $9,780 $788,444 $198,896 $589,548
2014 $7,989 $635,000 $190,000 $445,000
Source: Public Records

Agents Affiliated with this Home

  • Steve Remball

    Seller's Agent in 2014

    Steve Remball

    Desert Real Estate

    (760) 413-3000

    10 Total Sales

    Steve Remball
    Section Image
  • Tom Deleeuw

    Buyer's Agent in 2014

    Tom Deleeuw

    Coldwell Banker Realty

    (760) 409-7662

    45 Total Sales

    Tom Deleeuw
    Section Image
See All Agents

Map

Source: Greater Palm Springs Multiple Listing Service

MLS Number: 21482423

Greater Palm Springs Multiple Listing Service

APN: 508-370-018

California Riverside County Palm Springs 92264

1540 Palm Colony, Palm Springs, CA

This home is located at 1540 Palm Colony, Palm Springs, CA 92264 since 01 October 2013 and is currently estimated at $1,521,555, approximately $539 per square foot. This property was built in 2005. 1540 Palm Colony is a home located in Riverside County with nearby schools including Cahuilla Elementary School, Raymond Cree Middle School, and Palm Springs High School.

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