NOT LISTED FOR SALE

1961 S Camino Real Palm Springs, CA 92264

Twin Palms Neighborhood

Estimated Value: $906,456 - $1,275,000

6 Beds
6 Baths
3,402 Sq Ft
$314/Sq Ft Est. Value

Last Sold June 05, 2020

Last sale price $588,000 $173 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $6,718/month

85 Days on Market

Highlights

  • Two Primary Bedrooms
  • Mountain View
  • Contemporary Architecture
  • Palm Springs High School Rated A-
  • Fireplace in Primary Bedroom
  • Wooded Lot

About This Home

As of June 2020

Big, beautiful south Palm Springs triplex designed as a winter retreat by local architect V. W. Veith circa 1991. Larger owners unit has a courtyard, dining room/office, two entries and a double attached garages w/flat tar roofs. All 3 units have a red Spanish tile roof, vaulted ceilings, serve through kitchens, two bedrooms, two baths, central air, patios and attached garages. Situated on a sculpted, landscaped, 17000sf + citrus and olive treed property. Close to Indian Canyons Golf Resort, historic Tahquitz Canyon and downtown. Property is not leased, fee simple. Great neighborhood .

Last Agent to Sell the Property

Mike Hicks

MICHAEL HICKS, REALTOR License #00703691 Listed on: 02/04/2020

Last Buyer's Agent

John Sturdevant

Regency Real Estate Brokers License #01193545

Regency Real Estate Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,655

Year Built

  • Built in 1991

Lot Details

  • 0.4 Acre Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Landscaped
  • Irregular Lot
  • Wooded Lot

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Triplex
  • Contemporary Architecture
  • Slab Foundation
  • Tile Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • 3,402 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Mountain Views
  • Fireplace in Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • 6 Bathrooms
  • Fireplace in Bathroom

Utilities

  • Central Heating and Cooling System
  • Standard Electricity
  • Sewer Assessments
  • Sewer Paid

Additional Features

  • Fireplace in Patio
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 21
  • Tax Tract Number 26
  • Assessor Parcel Number 511141021

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,400
  • Insurance Expense $2,003
  • Trash Expense $840
  • Water Sewer Expense $3,600
  • New Taxes Expense $7,861
  • Operating Expense $16,704
  • Gross Income $36,888
  • Net Operating Income $22,014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,655

Year Built

Built in 1991

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 3.70
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Subdivision Name Other: Twin Palms (33512)
  • View: Yes
  • Water Sewer Expenses: 3600.00
  • Architectural Style: Contemporary
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 511141021
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Bath, Kitchen, Master Bedroom, Patio
  • Levels: One
  • Price Per Square Foot: 172.84
  • Room Type: Kitchen, Laundry, Living Room, Two Masters

Exterior Features

  • Foundation: Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Foam, Tile
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer, Sewer Assessments, Sewer Paid
  • Trash Expense: 840.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lot 10000-19999 Sqft, Irregular Lot, Treed Lot
  • Lot Size Sq Ft: 17424.00
  • Lot Size Acres: 0.4000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 36888.00
  • Gross Operating Income: 36888.00
  • Gross Scheduled Income: 36888.00
  • Insurance Expense: 2003.00
  • Lot Size Area: 17424.0000 Square Feet
  • Net Operating Income: 22014.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 14874.00
  • Rent Control: Yes
  • Total Actual Rent: 36888.00
  • Total Expenses: 16704.00

Tax Info

  • New Taxes Expense: 7861.00
  • Tax Census Tract: 9408.00
  • Tax Lot: 21
  • Tax Tract: 511 141 121
  • Tax Tract Number: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2020
Closed on
Jun 18, 2020
Sold by
Sturdevant John N
Bought by
Sturdevant John N
Seller's Agent
Mike Hicks
MICHAEL HICKS, REALTOR
Buyer's Agent
John Sturdevant
Regency Real Estate Brokers
List Price
$588,000
Sold Price
$588,000
Total Days on Market
85
Current Estimated Value
$1,068,364

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$480,364
Avg. Annual Appreciation
13.02%
Original Mortgage
$411,600
Outstanding Balance
$369,486
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$714,867

Purchase Details

Listed on
Feb 4, 2020
Closed on
May 22, 2020
Sold by
The Joyce M Chapman Trust
Bought by
Sturdevant John N
Seller's Agent
Mike Hicks
MICHAEL HICKS, REALTOR
Buyer's Agent
John Sturdevant
Regency Real Estate Brokers
List Price
$588,000
Sold Price
$588,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,600
Outstanding Balance
$369,486
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$714,867

Purchase Details

Closed on
Nov 14, 2013
Sold by
Chapman Joyce M
Bought by
Chapman Joyce M
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
Sturdevant John N -- None Available
Sturdevant John N $588,000 Ticor Title Company Of Ca
Chapman Joyce M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sturdevant John N $411,600
Previous Owner Chapman Joyce Marion $197,000
Previous Owner Chapman Joyce Marion $196,000
Previous Owner Chapman Joyce Marion $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2020 06/05/20 Sold $588,000 0.0% $173 / Sq Ft
02/04/2020 02/04/20 For Sale $588,000 -- $173 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,655 $618,090 $157,676 $460,414
2022 $8,814 $605,972 $154,585 $451,387
2021 $8,651 $594,091 $151,554 $442,537
2020 $6,196 $419,020 $92,807 $326,213
2019 $6,103 $410,805 $90,988 $319,817
2018 $6,004 $402,751 $89,205 $313,546
2017 $5,927 $394,855 $87,456 $307,399
2016 $5,766 $387,114 $85,742 $301,372
2015 $5,513 $381,302 $84,455 $296,847
2014 $5,380 $373,834 $82,801 $291,033
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mike Hicks

    MICHAEL HICKS, REALTOR

    (626) 331-3609

    1 in this area

    29 Total Sales

    Mike Hicks
    Section Image
  • John Sturdevant

    Buyer's Agent in 2020

    John Sturdevant

    Regency Real Estate Brokers

    (949) 584-5619

    1 in this area

    244 Total Sales

    John Sturdevant
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20025700

California Regional Multiple Listing Service (CRMLS)

APN: 511-141-021

California Riverside County Palm Springs 92264 Twin Palms

1961 S Camino Real, Palm Springs, CA

This home is located at 1961 S Camino Real, Palm Springs, CA 92264 since 04 February 2020 and is currently estimated at $1,068,364, approximately $314 per square foot. This property was built in 1991. 1961 S Camino Real is a home located in Riverside County with nearby schools including Cahuilla 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 Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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