1887 Torchlight Ln Palm Springs, CA 92264
Araby Commons NeighborhoodEstimated Value: $984,000 - $1,661,000
2
Beds
2.5
Baths
2,265
Sq Ft
$541/Sq Ft
Est. Value
Highlights
- Detached Guest House
- Community Stables
- Primary Bedroom Suite
- Palm Springs High School Rated A-
- Pebble Pool Finish
- Panoramic View
About This Home
As of February 2018Location x3! Prime South Palm Springs Mountain View/Pool Home in popular Luminaire. Don't waste any time in getting to this special home. One of the best lots in the development at a very nice price! Panoramic views of soon-to-be-snow-capped Mt San Jacinto from Great Room, Kitchen, Master Bd, Study, Casita, Courtyard, Rear & Side yards. 2Bd/2.5 ba. 2265sf. Study can easily & inexpensively be made into the original 3rd Bd developer option. This home is perfect as a permanent, weekend or vacation home w/ its high ceilings, Neutral Color Scheme, Lite & Brite, Large Rooms, Stylish Upgrades, easy care Desert Landscape yard, huge Cook's Kitchen, Spa-like Master Suite, large Laundry Rm, 2 car garage & tons of storage. 8ft-hi Solid-core & French Doors, Doors, Dual-Pane Windows, Custom Window Coverings, Mosaic Marble Fireplace, St Stl Appliances, Granite Counters, Marble Splash tile & Fabrica Carpet & Porcelain Tile floors. Enjoy endless entertainment possibilities behind the Walled & Gated Private Courtyard, Covered Patio & Saltwater/Pebble-tec Pool w/ Raised Spa & wonderful Guest Casita. And enjoy the ultimate benefit - only ONE adjacent neighbor! Luminaire is an enclave of colorful architectural homes that update the work of Mexican Modernist Luis Barragan & his protege, Ricardo Legoretta! Its a very well-kept & quiet collection of 61 homes at the mouth of Araby Canyon. Nearby beautiful Smoketree Commons Shops/Restaurants. Close to transportation & hiking trails. Not to be missed!
Last Agent to Sell the Property
Engel & Völkers Pasadena License #01977959 Listed on: 11/18/2017
Last Buyer's Agent
Fred Straeter
Bennion Deville Homes License #01020056
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,333
Year Built
- Built in 2006
Lot Details
- 6,534 Sq Ft Lot
- Desert faces the front and back of the property
- Block Wall Fence
- Stucco Fence
- Fence is in excellent condition
- Drip System Landscaping
- Level Lot
- Sprinklers Throughout Yard
- Private Yard
- Back and Front Yard
HOA Fees
- $120 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Parking Available
- Front Facing Garage
- Side by Side Parking
- Garage Door Opener
Property Views
- Panoramic
- Canyon
- Mountain
Home Design
- Contemporary Architecture
- Planned Development
- Tar and Gravel Roof
- Composition Roof
- Stucco
Interior Spaces
- 2,265 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Wood Burning Fireplace
- Gas Fireplace
- Double Pane Windows
- Drapes & Rods
- Blinds
- French Doors
- Sliding Doors
- Formal Entry
- Great Room
- Separate Family Room
- Living Room with Fireplace
- Home Office
- Storage
- Granite Countertops
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Primary Bedroom Suite
- Double Master Bedroom
- Converted Bedroom
- Walk-In Closet
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Fire and Smoke Detector
- Fire Sprinkler System
Pool
- Pebble Pool Finish
- Filtered Pool
- Heated In Ground Pool
- Heated Spa
- In Ground Spa
- Gas Heated Pool
- Saltwater Pool
- Waterfall Pool Feature
- Permits For Spa
Outdoor Features
- Covered patio or porch
- Exterior Lighting
Location
- Property is near public transit
- Suburban Location
Utilities
- Cooling System Powered By Gas
- Zoned Heating and Cooling
Additional Features
- ENERGY STAR Qualified Equipment
- Detached Guest House
Listing and Financial Details
- Tax Lot 46
- Tax Tract Number 31514
- Assessor Parcel Number 510360046
Community Details
Overview
- Luminaire Com Assn Association, Phone Number (760) 323-3212
- Built by Ashbrook
- Mountainous Community
Recreation
- Community Stables
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 29, 2021
Sold by
Gilman Gregory Collins
Bought by
Gilman Gregory C and The Gregory C Gilman Living Tr
Current Estimated Value
Purchase Details
Listed on
Nov 18, 2017
Closed on
Dec 21, 2017
Sold by
Albanese Michael T
Bought by
Gilman Gregory Collins
Seller's Agent
Mike Albanese
Engel & Völkers Pasadena
Buyer's Agent
Fred Straeter
Bennion Deville Homes
List Price
$749,000
Sold Price
$745,000
Premium/Discount to List
-$4,000
-0.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.76%
Purchase Details
Closed on
May 2, 2006
Sold by
Crv Palm Springs Lp
Bought by
Albanese Michael T and Hoehn Mary M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$577,700
Interest Rate
1%
Mortgage Type
Negative Amortization
Similar Homes in Palm Springs, CA
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gilman Gregory C | -- | None Available | |
| Gilman Gregory Collins | $745,000 | Orange Coast Title Company | |
| Albanese Michael T | -- | Orange Coast Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Albanese Michael T | $72,200 | |
| Previous Owner | Albanese Michael T | $577,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/16/2018 02/16/18 | Sold | $745,000 | -0.5% | $329 / Sq Ft |
| 12/15/2017 12/15/17 | Pending | -- | -- | -- |
| 11/18/2017 11/18/17 | For Sale | $749,000 | 0.0% | $331 / Sq Ft |
| 09/09/2013 09/09/13 | Rented | $2,800 | -3.3% | -- |
| 08/10/2013 08/10/13 | Under Contract | -- | -- | -- |
| 05/25/2013 05/25/13 | For Rent | $2,895 | +11.6% | -- |
| 07/25/2012 07/25/12 | Rented | $2,595 | -3.7% | -- |
| 07/24/2012 07/24/12 | Under Contract | -- | -- | -- |
| 05/27/2012 05/27/12 | For Rent | $2,695 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,333 | $818,421 | $203,689 | $614,732 |
| 2022 | $10,538 | $802,375 | $199,696 | $602,679 |
| 2021 | $10,323 | $786,643 | $195,781 | $590,862 |
| 2020 | $9,856 | $778,578 | $193,774 | $584,804 |
| 2019 | $9,684 | $763,313 | $189,975 | $573,338 |
| 2018 | $9,547 | $745,000 | $175,000 | $570,000 |
| 2017 | $8,437 | $653,000 | $156,000 | $497,000 |
| 2016 | $7,766 | $606,000 | $145,000 | $461,000 |
| 2015 | $7,571 | $606,000 | $145,000 | $461,000 |
| 2014 | $7,633 | $606,000 | $145,000 | $461,000 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Albanese
Seller's Agent in 2018
Mike Albanese
Engel & Völkers Pasadena
(562) 595-2592
16 Total Sales
-
F
Buyer's Agent in 2018
Fred Straeter
Bennion Deville Homes
-
Paul Harris
Seller's Agent in 2013
Paul Harris
California Lifestyle Realty
(760) 835-8731
62 Total Sales
-
C
Buyer's Agent in 2013
Carol Appel
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PF17260712
APN: 510-360-046
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