NOT LISTED FOR SALE

185 W Merito Place Palm Springs, CA 92262

Old Las Palmas Neighborhood

Estimated Value: $610,494 - $817,000

3 Beds
2 Baths
1,426 Sq Ft
$375/mo HOA Fee

Last Sold October 17, 2013

Last sale price $332,000 $233 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $4,237/month

51 Days on Market

Highlights

  • Outdoor Pool
  • Midcentury Modern Architecture
  • Cathedral Ceiling
  • Palm Springs High School Rated A-
  • Mountain View
  • 5-minute walk to Frances Stevens Park

About This Home

As of October 2013

Located in the prestigous neighborhood of Old Las Palmas, this 3B/2B is within walking distance to uptown, and all the excitement of downtown Palm Springs. This 10 unit complex, designed by Architect Barry Berkus, is noted for its folded plate roof-line and Mid Century floor plan. Long back patio area, front views of the mountains and pool, carport and unbeatable location. This unit will need that special buyer that can restore this unit back to the architectural integrity that made this such a unique complex in Palm Springs. Come take a look.

Last Agent to Sell the Property

Doreen Sabia

Bennion Deville Homes License #01256891 Listed on: 08/26/2013

Last Buyer's Agent

Frank Alvarez

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,431

Year Built

  • Built in 1961

Lot Details

  • End Unit
  • Block Wall Fence
  • Landscaped
  • Level Lot
  • Sprinklers on Timer
  • Lawn

HOA Fees

  • $375 Monthly HOA Fees

Home Design

  • Midcentury Modern Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco Exterior
  • Stone Veneer

Interior Spaces

  • 1,426 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Vertical Blinds
  • Sliding Doors
  • Living Room
  • Dining Room
  • Den
  • Storage
  • Mountain Views

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Secondary bathroom tub or shower combo
  • Shower Only in Secondary Bathroom

Outdoor Features

  • Outdoor Pool
  • Concrete Porch or Patio

Location

  • Ground Level

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Kitchen
  • Property is located within a water district
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 505302021

Community Details

Overview

  • Association fees include trash, water
  • Laspalmas Subdivision
  • On-Site Maintenance

Amenities

  • Community Barbecue Grill

Recreation

  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,431

Year Built

Built in 1961

Lot Details

0

HOA Fees

$375 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Levels: One
  • Builders Tract Code: LasPalmas-MeritoMano
  • Building Style: Mid Century
  • Entry Location: Ground Level - No Steps
  • Included In Sale: All Kitchen Appliances. Sliding Japanese Panels in Living Room.
  • List Price per Sq Ft: 234.92
  • Lp Sp Ratio: 0.9910
  • View Type: Mountain(s)
  • Year Built: 1961
  • Listing I D: 21480403
  • Listing Office Address: 201 N. Palm Canyon Dr. Ste 120, Palm Springs Main Office, Palm Springs, CA 92262
  • Listing Office Fax: (760) 327-3991
  • Selling Office Address: 201 N. Palm Canyon Dr. Ste 120, Palm Springs Main Office, Palm Springs, CA 92262
  • Selling Office Fax: (760) 327-3991
  • Street Direction: W
  • Land Type: Fee
  • Subdivision: LasPalmas
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator, Disposal
  • Interior Amenities: Cathedral Ceiling(s), Storage
  • Flooring: Carpet, Ceramic Tile
  • Bedroom Features: Main Floor Primary Bedroom
  • Total Bedrooms: 3
  • Bathroom Features: Shower Over Tub, Shower Stall
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Eating Areas: Dining Area
  • Estimated Sq Ft: 1426.00
  • Windows Treatments: Vertical Blinds

Exterior Features

  • Construction: Stucco, Stone Veneer
  • Other Features: End Unit, Slab
  • Roofing: Composition, Shingle
  • Fencing: Block
  • Foundation: Slab
  • Patio: Concrete Slab
  • Pool: Yes
  • Pool Location: Community
  • View: Yes

Utilities

  • TV Svcs: Cable TV
  • Volt 220: In Kitchen
  • Cooling Type: Central Air
  • Heating: Central
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Water Heater Unit

Association/Amenities

  • Association #1 Frequency: Annually
  • Pet Rules: Assoc Pet Rules, Call

Condo/Co-op/Association

  • Association Fees Include: Trash, Water
  • Association Amenities: Barbecue, Maintenance Grounds
  • HOA Information: Yes
  • HOA Fee 1: 4500.00
  • Total Monthly Association Fees: 375.00
  • Unit Location: End Unit

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 505302021
  • Irrigation: Sprinkler Timer
  • Lot Acres: 0.0500
  • Lot Description: Lawn, Street Paved, Sidewalks, Level, Landscaped
  • Lot Size: 2178.00

Rental Info

  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

MLS Schools

  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2013
Closed on
Sep 24, 2013
Sold by
Kraut Jules and Kraut Shirley Ann
Bought by
Schmidt Kimberly D and Schmidt John
Seller's Agent
Doreen Sabia
Bennion Deville Homes
Buyer's Agent
Frank Alvarez
List Price
$335,000
Sold Price
$332,000
Premium/Discount to List
-$3,000
-0.9%
Current Estimated Value
$697,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,624
Avg. Annual Appreciation
6.37%
Original Mortgage
$200,000
Interest Rate
4.55%
Mortgage Type
New Conventional
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
Schmidt Kimberly D $332,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Schmidt Kimberly D $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2013 10/17/13 Sold $332,000 -0.9% $233 / Sq Ft
08/26/2013 08/26/13 For Sale $335,000 -- $235 / 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 $2,431 $191,627 $50,000 $141,627
2023 $2,431 $164,514 $40,000 $124,514
2022 $2,623 $183,092 $40,000 $143,092
2021 $2,312 $159,236 $40,000 $119,236
2020 $4,883 $372,131 $93,030 $279,101
2019 $4,801 $364,835 $91,206 $273,629
2018 $4,713 $357,682 $89,419 $268,263
2017 $4,646 $350,669 $87,666 $263,003
2016 $4,506 $343,795 $85,948 $257,847
2015 $4,323 $338,633 $84,658 $253,975
2014 $4,266 $332,000 $83,000 $249,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Doreen Sabia

    Bennion Deville Homes

  • F

    Buyer's Agent in 2013

    Frank Alvarez

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 21480403

California Desert Association of REALTORS®

APN: 505-302-021

California Riverside County Palm Springs 92262 Old Las Palmas

185 W Merito Place, Palm Springs, CA

This home is located at 185 W Merito Place, Palm Springs, CA 92262 since 26 August 2013 and is currently estimated at $697,624, approximately $489 per square foot. This property was built in 1961. 185 W Merito Place is a home located in Riverside County with nearby schools including Katherine Finchy Elementary School, Raymond Cree Middle School, and Palm Springs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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