NOT LISTED FOR SALE

1881 S Araby Dr Unit 3 Palm Springs, CA 92264

Araby Commons Neighborhood

Estimated Value: $565,000 - $866,078

2 Beds
2 Baths
2,208 Sq Ft
2,178 Sq Ft Lot

Last Sold May 16, 2016

Last sale price $384,000 $174 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $4,697/month

14 Days on Market

About This Home

As of May 2016

Own a piece of history in Coco Cabana in South Palm Springs, formerly Edward F Bishop's Coco Cabana Hotel. #3 is the largest property in the 32 unit development on 5 acres. New desert landscape has been installed in the front yards. This is an L shaped end unit with patios facing west and south. Huge master and guest bedroom. Updated master bath. Loads of closet space. Updated kitchen with granite, newer appliances and a built-in desk. Fireplace in the great room. Interior laundry. Partially Furnished per inventory. 2 space carport.

Last Agent to Sell the Property

Alvin Greenwalt

Equity Union License #01715823 Listed on: 03/12/2016

Co-Listed By

Ted Jarvis

Keller Williams Luxury Homes License #01169378

Last Buyer's Agent

NonMember AgentDefault

NonMember OfficeDefault

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,672

Year Built

1959

Lot Details

0

Listing Details

  • Active Date: 2016-03-12
  • Full Bathroom: 2
  • Building Size: 2208.0
  • Building Structure Style: Mid Century
  • Driving Directions: From HWY 111, turn south on S Araby Drive. Property is on the corner of S Araby and Morongo. Front door faces Morongo.
  • Full Street Address: 1881 S ARABY DR
  • Pool Descriptions: Community Pool, Association Pool
  • Primary Object Modification Timestamp: 2016-05-16
  • Unit Floor In Building: 1
  • Total Number of Units: 32
  • View Type: Mountain View, Pool View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built: 1959

Interior Features

  • Eating Areas: Breakfast Counter / Bar, Dining Area
  • Appliances: Microwave, Range
  • Advertising Remarks: Own a piece of history in Coco Cabana in South Palm Springs, formerly Edward F Bishop's Coco Cabana Hotel. #3 is the largest property in the 32 unit development on 5 acres. New desert landscape has been installed in the front yards. This is an L shaped e
  • Total Bedrooms: 2
  • Builders Tract Code: 6290
  • Builders Tract Name: COCO CABANA
  • Fireplace: Yes
  • Interior Amenities: Furnished
  • Fireplace Rooms: Great Room
  • Appliances: Dishwasher, Refrigerator, Washer
  • Floor Material: Ceramic Tile, Laminated
  • Laundry: Laundry Area
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 2178
  • Common Walls: Attached
  • Patio: Enclosed, Patio Open

Garage/Parking

  • Carport Spaces: 2
  • Total Parking Spaces: 4
  • Parking Spaces Total: 4
  • Parking Type: Carport

Utilities

  • Cooling Type: Central A/C, Dual
  • Heating Type: Central Furnace
  • Security: Security System - Leased

Condo/Co-op/Association

  • Amenities: Tennis Courts
  • HOA: No
  • Association Rules: PetsPermitted
  • Association Name: Coco Cabana

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2016
Closed on
Apr 20, 2016
Sold by
Mcgahan Angela Injijian
Bought by
Gram Scott D
Seller's Agent
Alvin Greenwalt
Equity Union
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$402,000
Sold Price
$384,000
Premium/Discount to List
-$18,000
-4.48%
Current Estimated Value
$771,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$387,438
Avg. Annual Appreciation
7.78%
Original Mortgage
$288,000
Outstanding Balance
$230,256
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$536,987

Purchase Details

Listed on
Sep 27, 2012
Closed on
Dec 6, 2012
Sold by
Serricchio Victor J
Bought by
Injijian Albert and Injijian Leah Patrick
Seller's Agent
Michael Jensen
Keller Williams Realty
Buyer's Agent
Unknown Member
List Price
$342,500
Sold Price
$325,000
Premium/Discount to List
-$17,500
-5.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.01%

Purchase Details

Closed on
Oct 20, 2003
Sold by
Bellino Christine M
Bought by
Bellino Christine

Purchase Details

Closed on
Oct 9, 2002
Sold by
Baumgarten Corby Perkins
Bought by
Bellino Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2001
Sold by
Baumgarten Skipper
Bought by
Baumgarten Skipper Glen and Baumgarten Corby Perkins
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gram Scott D $384,000 Title 365
Injijian Albert $325,000 Orange Coast Title Company
Bellino Christine -- --
Bellino Christine M $265,000 Chicago Title Co
Baumgarten Skipper Glen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gram Scott D $288,000
Previous Owner Bellino Christine $188,000
Previous Owner Bellino Christine M $212,000
Closed Bellino Christine M $39,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2016 05/16/16 Sold $384,000 -4.5% $174 / Sq Ft
03/12/2016 03/12/16 For Sale $402,000 +23.7% $182 / Sq Ft
12/17/2012 12/17/12 Sold $325,000 -5.1% $147 / Sq Ft
12/14/2012 12/14/12 Pending -- -- --
09/27/2012 09/27/12 For Sale $342,500 -- $155 / 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 $5,672 $454,569 $113,640 $340,929
2023 $5,672 $436,920 $109,228 $327,692
2022 $5,785 $428,354 $107,087 $321,267
2021 $5,670 $419,956 $104,988 $314,968
2020 $5,419 $415,651 $103,912 $311,739
2019 $5,328 $407,502 $101,875 $305,627
2018 $5,230 $399,513 $99,878 $299,635
2017 $5,156 $391,680 $97,920 $293,760
2016 $4,353 $338,071 $84,516 $253,555
2015 $4,176 $332,996 $83,248 $249,748
2014 $4,118 $326,474 $81,618 $244,856
Source: Public Records

Agents Affiliated with this Home

  • Alvin Greenwalt

    Seller's Agent in 2016

    Alvin Greenwalt

    Equity Union

    (760) 310-1166

    6 Total Sales

    Section Image
  • Ted Jarvis

    Seller Co-Listing Agent in 2016

    Ted Jarvis

    Keller Williams Luxury Homes

    (760) 904-5514

    10 Total Sales

    Section Image

  • N

    Buyer's Agent in 2016

    NonMember AgentDefault

    NonMember OfficeDefault

  • M

    Seller's Agent in 2012

    Michael Jensen

    Keller Williams Realty

  • U

    Buyer's Agent in 2012

    Unknown Member

  • M

    Buyer Co-Listing Agent in 2012

    Mark Hilgenberg

    Keller Williams Luxury Homes

See All Agents

Map

Source: The MLS

MLS Number: 16-105638PS

The MLS

APN: 510-031-003

California Riverside County Palm Springs 92264 Araby Commons

1881 S Araby Dr Unit 3, Palm Springs, CA

This home is located at 1881 S Araby Dr Unit 3, Palm Springs, CA 92264 since 12 March 2016 and is currently estimated at $750,270, approximately $339 per square foot. This property was built in 1959. 1881 S Araby Dr Unit 3 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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