NOT LISTED FOR SALE

Estimated Value: $1,776,000 - $2,776,000

4 Beds
4 Baths
2,452 Sq Ft
$953/Sq Ft Est. Value

Last Sold July 12, 2021

Last sale price $2,201,000 $898 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $13,501/month

14 Days on Market

Highlights

  • Garage Cooled
  • Heated In Ground Pool
  • Midcentury Modern Architecture
  • Palm Springs High School Rated A-
  • Gourmet Kitchen
  • Mountain View

About This Home

As of July 2021

A private, sophisticated retreat in the heart of Palm Springs that is built for entertaining. Ready to enjoy day 1 turnkey with most furnishings available. Great rental income potential with 4 beds/4 baths, oversized pool, spa, expansive views, fire pit among the many features. Extensively renovated in 2017/2018 with new systems including plumbing, wiring, insulation, AC/Heating, tankless hot water, smart home features, custom lighting & sound and museum finish walls. The interior flooring is a large, honed porcelain tile and the main bath shower boasts natural limestone tile. The chef's kitchen features Madagascar Rosewood cabinetry, Caesarstone counters, Bertazzoni Professional Series cooktop and double ovens, microwave drawer, wine fridge and filtered drinking water. One bedroom has it's own separate entrance. Outdoors is a private, walled oversized lot including panoramic mountain views, manicured lawn and a large covered patio to entertain or just relax and enjoy the views. 2 car garage with storage and separate laundry room (with overflow refrigerator). The home was custom built in 1958 by the President of the bank known as "The Bank to the Stars." Then sold to a local businessman known as the "Pharmacist to the Stars" for being the regular druggist to many celebrities. Fantastic desert oasis and noted Palm Springs history in one home!

Last Agent to Sell the Property

Jim Caldwell Jr.

Compass License #02047464 Listed on: 06/11/2021

Compass

Last Buyer's Agent

Jeff Blacker

Compass License #01711459

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,112

Year Built

  • Built in 1958 | Remodeled

Lot Details

  • 0.31 Acre Lot
  • Corner Lot
  • Sprinkler System
  • Historic Home
  • Property is zoned R1C

Parking

  • 2 Car Garage
  • Garage Cooled

Home Design

  • Midcentury Modern Architecture
  • Slab Foundation
  • Foam Roof
  • Stucco

Interior Spaces

  • 2,452 Sq Ft Home
  • 1-Story Property
  • Wired For Sound
  • Ceiling Fan
  • Recessed Lighting
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Den with Fireplace
  • Tile Flooring
  • Mountain Views

Kitchen

  • Gourmet Kitchen
  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms
  • Double Vanity
  • Double Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Pool

  • Heated In Ground Pool
  • Heated Spa

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Property is located within a water district
  • Tankless Water Heater
  • Water Purifier
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 502-035-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,112

Year Built

Built in 1958 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: A private, sophisticated retreat in the heart of Palm Springs that is built for entertaining. Ready to enjoy day 1 turnkey with most furnishings available. Great rental income potential with 4 beds/4 baths, oversized pool, spa, expansive views, fire pit among the many features. Extensively renovated in 2017/2018 with new systems including plumbing, wiring, insulation, AC/Heating, tankless hot water, smart home features, custom lighting & sound and museum finish walls. The interior flooring is a large, honed porcelain tile and the main bath shower boasts natural limestone tile. The chef's kitchen features Madagascar Rosewood cabinetry, Caesarstone counters, Bertazzoni Professional Series cooktop and double ovens, microwave drawer, wine fridge and filtered drinking water. One bedroom has it's own separate entrance. Outdoors is a private, walled oversized lot including panoramic mountain views, manicured lawn and a large covered patio to entertain or just relax and enjoy the views. 2 car garage with storage and separate laundry room (with overflow refrigerator). Custom built in 1958 this is a mid mod for today's living!
  • Builders Tract Code: 5830
  • Living Area: 2452
  • Lot Acreage: 0.3100
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1958
  • Builders Tract Name: Sunrise Park
  • Number Of Photos: 31
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Pre-wired for surround sound, Recessed Lighting
  • Number Of Remote Controls: 2
  • Fireplace Rooms: Den, Living Room
  • Flooring: Tile
  • Appliances: Cooktop - Gas, Double Oven, Microwave
  • Bedrooms: 4
  • Fireplaces: 2
  • Full Bathroom: 0
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Shower, Double Vanity(s)
  • Three Quarter Bathrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar, Dining Area
  • Kitchen Features: Gourmet Kitchen, Island
  • Laundry: Room
  • Total Bathrooms: 4.00
  • Den: 1
  • Equipment: Alarm System, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Vented Exhaust Fan, Washer, Water Purifier
  • Fireplace: Yes
  • Price Per S Q F T: 815.66

Exterior Features

  • Construction: Stucco
  • Other Features: Custom Built, Historical
  • Other Structures: None
  • Foundation Details: Slab
  • Patio: Concrete Slab, Covered
  • Pool Description: Heated And Filtered, Private
  • Pool: Yes
  • Roof: Foam
  • Spa: Private, Heated with Gas
  • Spa Yn: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Air Conditioned Garage, Garage - 2 Car
  • Total Parking: 4

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Tankless
  • Cooling: Central, Ceiling Fan, Air Conditioning
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Owned
  • Sewer: In Connected and Paid
  • Water: Water District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler System
  • Horses: No
  • Assessor Parcel Number: 502-035-001
  • Lot Location: Corner Lot
  • Lot Size Area: 13504

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2021
Closed on
Jun 29, 2021
Sold by
Jeffreys Jon Bradley and Jemco Revocable Trust
Bought by
Cochran Michael W and Michael W Cochran Revocable Tr
Seller's Agent
Jim Caldwell Jr.
Compass
Buyer's Agent
Jeff Blacker
Compass
List Price
$1,999,999
Sold Price
$2,201,000
Premium/Discount to List
$201,001
10.05%
Current Estimated Value
$2,047,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$153,297
Avg. Annual Appreciation
-1.17%

Purchase Details

Closed on
Nov 4, 2020
Sold by
Jeffreys Jon Bradley and Murphy Robert Steven
Bought by
Jeffreys Jon Bradley and Jemco Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2020
Sold by
Jeffereys Jon Bradley and Murphy Robert Steven
Bought by
Jeffreys Jon Bradley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2017
Sold by
Jeffreys Jon Bradley and Murphy Robert Steven
Bought by
Jeffreys Jon Bradley

Purchase Details

Listed on
Feb 8, 2017
Closed on
Apr 17, 2017
Sold by
Sarnoff Russell and Raiber Laurie
Bought by
Jeifreys Jon Bradley and Murphy Robert Steven
Seller's Agent
Dan Valentino
Valentino & Valentino R E
Buyer's Agent
Dan Valentino
Valentino & Valentino R E
List Price
$695,000
Sold Price
$649,500
Premium/Discount to List
-$45,500
-6.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.25%
Original Mortgage
$424,000
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2011
Sold by
Raiber Laurie A
Bought by
Sarnoff Russell and Raiber Laurie

Purchase Details

Closed on
Jul 24, 2009
Sold by
Raiber Laurie A and Samoff Russell E
Bought by
Raiber Laurie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
5.31%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 21, 2006
Sold by
Raiber Laurie A
Bought by
Raiber Laurie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.29%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 22, 2004
Sold by
Raiber Laurie A
Bought by
Raiber Laurie A

Purchase Details

Closed on
Jun 29, 1999
Sold by
Shaevel Donald L and Shaevel Geraldine R
Bought by
Raiber Laurie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Cochran Michael W $2,201,000 Lawyers Title
Jeffreys Jon Bradley -- Western Resources Title
Jeffreys Jon Bradley -- Western Resources Title
Jeffreys Jon Bradley -- Western Resource Title
Jeffreys John Bradley -- Western Resources Title
Jeffreys Jon Bradley -- None Available
Jeifreys Jon Bradley $649,500 Orange Coast Title Insurance
Sarnoff Russell -- None Available
Raiber Laurie A -- Lawyers Title
Raiber Laurie A -- Lawyers Title
Raiber Laurie A -- Accommodation
Raiber Laurie A -- Investors Title Company
Raiber Laurie A -- --
Raiber Laurie A $216,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jeffreys Jon Bradley $400,000
Previous Owner Jeffreys John Bradley $404,000
Previous Owner Jeifreys Jon Bradley $424,000
Previous Owner Sarnoff Russell $301,000
Previous Owner Raiber Laurie A $42,000
Previous Owner Raiber Laurie A $310,000
Previous Owner Raiber Laurie A $310,000
Previous Owner Raiber Laurie A $225,000
Previous Owner Raiber Laurie A $80,000
Previous Owner Raiber Laurie A $120,000
Previous Owner Raiber Laurie A $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2021 07/12/21 Sold $2,201,000 +10.1% $898 / Sq Ft
06/25/2021 06/25/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $1,999,999 +207.9% $816 / Sq Ft
05/16/2017 05/16/17 Sold $649,500 -2.9% $265 / Sq Ft
04/13/2017 04/13/17 Pending -- -- --
03/20/2017 03/20/17 Price Changed $669,000 -3.7% $273 / Sq Ft
02/08/2017 02/08/17 For Sale $695,000 -- $283 / 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 $28,112 $2,335,718 $584,725 $1,750,993
2023 $28,112 $2,245,020 $562,020 $1,683,000
2022 $28,690 $2,201,000 $551,000 $1,650,000
2021 $9,375 $706,182 $208,916 $497,266
2020 $8,953 $698,942 $206,775 $492,167
2019 $9,282 $685,238 $202,721 $482,517
2018 $8,518 $662,490 $198,747 $463,743
2017 $3,755 $286,029 $99,313 $186,716
2016 $3,647 $280,421 $97,366 $183,055
2015 $3,494 $276,210 $95,904 $180,306
2014 $3,442 $270,801 $94,026 $176,775
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-745928

The MLS

APN: 502-035-001