NOT LISTED FOR SALE

197 W Via Lola Unit 4 Palm Springs, CA 92262

Old Las Palmas Neighborhood

Estimated Value: $486,000 - $646,000

2 Beds
2 Baths
1,230 Sq Ft
1,307 Sq Ft Lot

Last Sold November 18, 2016

Last sale price $337,500 $274 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $3,484/month

42 Days on Market

About This Home

As of November 2016

Don't miss this opportunity to own a million dollar view in a million dollar neighborhood for a fraction of the price. This spacious condominium in Old Las Palmas offers everything Palm Springs buyers ask for: Mid-century architecture, fee simple land, amazing mountain views, and a large private patio, all within walking distance to shops, restaurants, downtown Palm Springs, and the Uptown Design District. Price includes a parking space in the private garage, and a large private storage room. This move-in ready unit is freshly painted, with new stainless steel appliances, new carpet in the master bedroom, newer air conditioning, and new blinds throughout. Villa de Las Palmas is a hidden gem with beautiful grounds and a saltwater pool and spa. Villa de Las Palmas was designed by architect Jo Paul Rognstad, a student of and influenced by Whitney Smith who designed Case Study House No. 12.

Last Agent to Sell the Property

Phillip Lombardi

Keller Williams Luxury Homes License #01924335 Listed on: 08/11/2016

Keller Williams Luxury Homes

Last Buyer's Agent

NonMember AgentDefault

NonMember OfficeDefault

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,009

Year Built

1962

Lot Details

0

Parking

1

Listing Details

  • Entry Location: Ground Level w/steps
  • Active Date: 2016-09-19
  • Full Bathroom: 1
  • Three Quarter Bathrooms: 1
  • Building Size: 1230.0
  • Building Structure Style: Mid Century
  • Driving Directions: Via Lola west of N Palm Canyon Drive - park in guest parking, keypad at pedestrian gate.
  • Full Street Address: 197 W VIA LOLA
  • Pool Construction: Gunite, In Ground
  • Pool Descriptions: Association Pool, Community Pool, Heated And Filtered, Heated - Gas
  • Primary Object Modification Timestamp: 2016-11-21
  • Spa Descriptions: Association Spa
  • Unit Floor In Building: 1
  • Total Number of Units: 24
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Built: 1962

Interior Features

  • Bedroom Features: All Bedrooms Down
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar
  • Appliances: Range Hood, Microwave, Range, Built-In Electric
  • Advertising Remarks: Don't miss this opportunity to own a million dollar view in a million dollar neighborhood for a fraction of the price. This spacious condominium in Old Las Palmas offers everything Palm Springs buyers ask for: Mid-century architecture, fee simple land, am
  • Total Bedrooms: 2
  • Builders Tract Code: 5890
  • Builders Tract Name: LASPALMAS-VLLADELASPALMAS
  • Fireplace: Yes
  • Levels: Ground Level
  • Pool Accessories: Safety Fence
  • Spa: Yes
  • Fireplace Rooms: Living Room
  • Appliances: Dishwasher, Dryer, Electric Dryer Hookup, Garbage Disposal, Ice Maker, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan, Washer, Water Line to Refrigerator
  • Fireplace Fuel: Gas, Gas & Wood
  • Floor Material: Carpet, Ceramic Tile
  • Kitchen Features: Corian Counters
  • Laundry: In Kitchen
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 1515
  • Common Walls: Attached
  • Direction Faces: Faces West
  • Construction: Stucco
  • Patio: Enclosed
  • Water: District/Public

Garage/Parking

  • Garage Spaces: 1.0
  • Total Parking Spaces: 1
  • Parking Type: Garage - Single Door, Parking for Guests - Onsite, Underground

Utilities

  • Sewer: In, Connected & Paid
  • TV Svcs: Cable TV
  • Volt 220: In Kitchen, In Laundry
  • Water Heater: Gas
  • Cooling Type: Air Conditioning, Central A/C, Electric
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Security: Carbon Monoxide Detector(s), Community, Smoke Detector

Condo/Co-op/Association

  • Amenities: Assoc Maintains Landscape, Assoc Pet Rules, Controlled Access, Storage Area, Gated Community
  • HOA: Yes
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Building and Grounds, Insurance Paid, Maintenance Paid, Trash Paid, Water and Sewer Paid
  • Association Rules: Call for Rules, Assoc Pet Rules
  • Association Name: Villa de Las Palmas HOA
  • HOA Fees: 475.0

Multi Family

  • Total Floors: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2016
Closed on
Sep 28, 2016
Sold by
Wheatiey John E and Wheatley Ricci R
Bought by
Taylor Robert and Shepherd Ellicia L
Seller's Agent
Phillip Lombardi
Keller Williams Luxury Homes
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$350,000
Sold Price
$337,500
Premium/Discount to List
-$12,500
-3.57%
Current Estimated Value
$585,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,387
Avg. Annual Appreciation
6.36%
Original Mortgage
$260,000
Interest Rate
3.47%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Apr 8, 2000
Sold by
Wheatley John E and Wheatley Ricci R
Bought by
Bingham Roger P and Wheatley Shelley A

Purchase Details

Closed on
Mar 17, 1997
Sold by
Friedman Ronald A
Bought by
Wheatley John E and Wheatley Ricci R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,200
Interest Rate
7.96%
Mortgage Type
Purchase Money Mortgage
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
Taylor Robert $337,500 Fidelity National Title Ie
Bingham Roger P -- First American Title Co
Wheatley John E $65,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taylor Robert $260,000
Previous Owner Wheatley John E $51,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2016 11/18/16 Sold $337,500 -3.6% $274 / Sq Ft
09/22/2016 09/22/16 Pending -- -- --
08/11/2016 08/11/16 For Sale $350,000 -- $285 / 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 $5,009 $391,110 $98,647 $292,463
2023 $5,009 $375,924 $94,817 $281,107
2022 $5,009 $368,554 $92,958 $275,596
2021 $4,910 $361,329 $91,136 $270,193
2020 $4,694 $357,625 $90,202 $267,423
2019 $4,376 $350,614 $88,434 $262,180
2018 $4,532 $343,740 $86,700 $257,040
2017 $4,468 $337,000 $85,000 $252,000
2016 $1,530 $103,431 $21,927 $81,504
2015 $1,459 $101,880 $21,599 $80,281
2014 $1,425 $99,886 $21,177 $78,709
Source: Public Records

Agents Affiliated with this Home

  • Phillip Lombardi

    Seller's Agent in 2016

    Phillip Lombardi

    Keller Williams Luxury Homes

    (213) 705-3428

    Phillip Lombardi
    Section Image

  • N

    Buyer's Agent in 2016

    NonMember AgentDefault

    NonMember OfficeDefault

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Map

Source: The MLS

MLS Number: 16-152306PS

The MLS

APN: 009-000-450

California Riverside County Palm Springs 92262 Old Las Palmas

197 W Via Lola Unit 4, Palm Springs, CA

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