NOT LISTED FOR SALE

Estimated Value: $951,000 - $1,476,000

4 Beds
3 Baths
1,584 Sq Ft
$742/Sq Ft Est. Value

Last Sold June 07, 2022

Last sale price $1,350,000 $852 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $7,678/month

13 Days on Market

Highlights

  • In Ground Pool
  • Mountain View
  • Corner Lot
  • Palm Springs High School Rated A-
  • Modern Architecture
  • Furnished

About This Home

As of June 2022

Mid-Century Modern combined with a retro twist makes this home a one-of-a-kind design! Get ready for a cool, fun and hip experience once you walk into this gorgeous Palm Springs piece of art. This home is currently an active/highly successful short term vacation rental and is offered turnkey, fully furnished, along with a future book of business. All you need are the keys and you are set to continue an already proven, prosperous investment (130k gross a year). Offering four very unique bedrooms and three super chic bathrooms, all on over a quarter acre, corner lot! With so much extra room outside, there is potential to add a 5th bedroom casita and even a volleyball or basketball court if desired, the possibilities are endless. Marvel at the San Jacinto mountains capturing your west facing view while relaxing in your hammock between two palm trees outside. Enjoy all your new updates which feature new pool heater and pool filter, home automation, recessed lighting, all brand new landscaping, flooring, fixtures, appliances, cabinets, the list goes on. Fee land, no HOA, close to downtown, all the boxes are checked! You have found the ultimate Palm Springs vacation paradise here. Don't miss this exceptional investment opportunity and give us a call today!

Last Agent to Sell the Property

Sarah & James Pearce & Associates

Coldwell Banker Realty License #02111942 Listed on: 04/23/2022

Coldwell Banker Realty

Co-Listed By

James Pearce

Coldwell Banker Realty License #02121381

Last Buyer's Agent

Sarah & James Pearce & Associates

Coldwell Banker Realty License #02111942 Listed on: 04/23/2022

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,347

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • 0.28 Acre Lot
  • East Facing Home
  • Fenced
  • Corner Lot
  • Sprinkler System
  • Front Yard
  • Property is zoned R1C

Parking

  • 2 Car Attached Garage
  • Driveway

Property Views

  • Mountain
  • Desert
  • Pool

Home Design

  • Modern Architecture
  • Turnkey

Interior Spaces

  • 1,584 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Living Room
  • Dining Room
  • Vinyl Plank Flooring

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Waterfall Pool Feature
  • In Ground Spa

Outdoor Features

  • Enclosed Patio or Porch
  • Fire Pit

Location

  • Ground Level Unit

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Property is located within a water district

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 501-344-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,347

Year Built

Built in 1971 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Levels: Ground Level
  • Street Number Display: Yes
  • Builders Tract Code: 4980
  • Exclusions: Home tools.
  • Living Area: 1584
  • Lot Acreage: 0.2800
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1971
  • Builders Tract Name: Desert Park Estates
  • Number Of Photos: 53
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Furnished, Turnkey
  • Fireplace Rooms: Fire Pit
  • Flooring: Vinyl Plank
  • Bedrooms: 4
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Master Bedroom, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Remodeled
  • Three Quarter Bathrooms: 1
  • Dining Room: 1
  • Family Room: 0
  • Eating Areas: In Kitchen, Dining Area, Breakfast Nook, Breakfast Counter / Bar
  • Kitchen Features: Counter Top
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Freezer, Range/Oven, Refrigerator, Microwave, Dishwasher, Dryer, Washer
  • Inclusions: Home offered turnkey fully furnished.
  • Price Per S Q F T: 883.21

Exterior Features

  • Direction Faces: East
  • Other Structures: None
  • Fence: Privacy
  • Patio: Covered Porch, Covered, Enclosed
  • Pool Description: Waterfall, In Ground, Private
  • Pool: Yes
  • Spa: Hot Tub, In Ground, Private
  • Spa Yn: Yes
  • View: Mountains, Pool, Desert
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Private, Private Garage, Driveway, Attached
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Natural Gas
  • Sewer: In Connected and Paid
  • Water: Water District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 501-344-004
  • Lot Description: Fenced, Yard, Front Yard
  • Lot Location: Corner Lot
  • Lot Size Area: 12197

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2022
Closed on
Jun 7, 2022
Sold by
Roth Joseph A and Roth Susan
Bought by
Reed Philip J and Tomb Lorena
Seller's Agent
Sarah & James Pearce & Associates
Coldwell Banker Realty
Buyer's Agent
Sarah & James Pearce & Associates
Coldwell Banker Realty
List Price
$1,450,000
Sold Price
$1,350,000
Premium/Discount to List
-$100,000
-6.9%
Current Estimated Value
$1,175,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$174,443
Avg. Annual Appreciation
-4.08%
Original Mortgage
$1,080,000
Outstanding Balance
$1,025,998
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$149,559

Purchase Details

Closed on
Oct 30, 2019
Sold by
Bertok Gyula Zsolt and Patel Smita
Bought by
Roth Joseph A and Cooper Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 13, 2013
Sold by
Draviczki Attila Balazs
Bought by
Draviczki Attila Balazs

Purchase Details

Closed on
Jun 19, 2007
Sold by
Stokoe Rachel
Bought by
Draviczki Attila Balazs

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,800
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2007
Sold by
Walker Kathleen E and Bombardt Susan E
Bought by
Bertok Gyula Zsolt and Patel Smita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,800
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 18, 2003
Sold by
Thiemens Merle L
Bought by
Thiemens Merle L
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
Reed Philip J $1,350,000 None Listed On Document
Roth Joseph A $480,000 First American Title
Bertok Gyula Zsolt -- First American Title
Draviczki Attila Balazs -- Orange Coast Title Company
Draviczki Attila Balazs -- First American Title Company
Bertok Gyula Zsolt $316,000 --
Thiemens Merle L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reed Philip J $1,080,000
Previous Owner Roth Joseph A $205,000
Previous Owner Bertok Gyula Zsolt $252,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2022 06/07/22 Sold $1,350,000 -3.5% $852 / Sq Ft
05/07/2022 05/07/22 Pending -- -- --
05/04/2022 05/04/22 Price Changed $1,399,000 -3.5% $883 / Sq Ft
04/23/2022 04/23/22 For Sale $1,450,000 0.0% $915 / Sq Ft
04/23/2022 04/23/22 Pending -- -- --
04/22/2022 04/22/22 Price Changed $1,450,000 -- $915 / 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 $17,347 $1,432,630 $397,953 $1,034,677
2023 $17,347 $1,377,000 $382,500 $994,500
2022 $6,656 $494,671 $51,528 $443,143
2021 $6,523 $484,972 $50,518 $434,454
2020 $6,233 $480,000 $50,000 $430,000
2019 $5,467 $417,612 $75,898 $341,714
2018 $5,366 $409,424 $74,412 $335,012
2017 $4,720 $356,000 $65,000 $291,000
2016 $4,671 $356,000 $65,000 $291,000
2015 $4,025 $313,000 $57,000 $256,000
2014 $3,580 $275,000 $50,000 $225,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-148603

The MLS

APN: 501-344-004