NOT LISTED FOR SALE

Estimated Value: $436,000 - $477,000

2 Beds
2 Baths
1,305 Sq Ft
$528/mo HOA Fee

Last Sold December 06, 2023

Last sale price $482,000 $369 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,413/month

55 Days on Market

Highlights

  • In Ground Pool
  • Updated Kitchen
  • Mediterranean Architecture
  • Palm Springs High School Rated A-
  • Peek-A-Boo Views
  • 2 Fireplaces

About This Home

As of December 2023

Experience the epitome of Palm Springs living in this stunning FURNISHED two-bedroom, two-bathroom meticulously crafted by a local design virtuoso. Located on the coveted first floor, this oasis is a sanctuary where you own the property and the land it graciously sits upon. Ideally situated in the heart of South Palm Springs, you'll relish the convenience of strolls to the upscale Smoke Tree Plaza and the legendary Purple Room. Elegance and spaciousness define this abode, boasting a generous oversized living and dining room adorned with bohemian charm. With 1,305 square feet at your disposal, this sanctuary promises an opulent lifestyle. Each of the two ensuite bedrooms is a private haven, offering an intimate connection with the outdoors through their inviting sliders leading to your secluded patio spaces. It's a canvas for relaxation and rejuvenation, where the desert breeze dances through. The kitchen, a chef's dream, is adorned with upgraded appliances, enhancing the culinary experience within this haven of taste and style. The Versailles community ensures a maintenance-free lifestyle. HOA fees include exterior roof maintenance, immaculate grounds, access to two sparkling pools, spas, water, sewage, trash services, and earthquake insurance for added peace of mind. Plus, indulge in your love for tennis with on-site courts. Unlock the door to your Palm Springs dream today.

Last Agent to Sell the Property

Joseph Chung

Equity Union License #01963102 Listed on: 10/11/2023

Last Buyer's Agent

Tommy Lowery

First Team Real Estate License #01493256

First Team Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,113

Year Built

  • Built in 1981

Lot Details

  • Home has North and South Exposure
  • Partially Fenced Property

HOA Fees

  • $528 Monthly HOA Fees

Home Design

  • Mediterranean Architecture
  • Slab Foundation
  • Stucco Exterior

Interior Spaces

  • 1,305 Sq Ft Home
  • Furnished
  • Recessed Lighting
  • 2 Fireplaces
  • Sliding Doors
  • Living Room
  • Dining Area
  • Laminate Flooring
  • Peek-A-Boo Views
  • Laundry in Bathroom

Kitchen

  • Updated Kitchen
  • Gas Range
  • Range Hood
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Double Vanity
  • Shower Only
  • Shower Only in Secondary Bathroom

Parking

  • 1 Carport Space
  • 1 Car Parking Space
  • Assigned Parking

Pool

  • In Ground Pool
  • In Ground Spa

Schools

  • Cahuilla Elementary School
  • Raymond Cree Middle School
  • Palm Springs High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Electric Water Heater

Additional Features

  • Stone Porch or Patio
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 502325052

Community Details

Overview

  • Association fees include building & grounds, water, trash, sewer, earthquake insurance
  • 107 Units
  • Versailles Subdivision
  • On-Site Maintenance
  • Planned Unit Development

Amenities

  • Community Mailbox

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,113

Year Built

Built in 1981

Lot Details

0

HOA Fees

$528 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Attached/Detached: Yes
  • Property Orientation Faces: Front Door Faces South, Leisure Faces North
  • Levels: Ground
  • Building Style: Mediterranean
  • Entry Location: Ground Level - No Steps
  • Included In Sale: Seller will provide furniture list upon acceptance.
  • List Price per Sq Ft: 374.71
  • Lp Sp Ratio: 0.9900
  • Unit Total In Complex: 107
  • View Type: Peek-A-Boo
  • Water District Name: Desert Water Agency
  • Year Built: 1981
  • Co Selling Office Address: 32451 Golden Lantern #210, Laguna Niguel, CA 92677
  • Listing I D: 219101166
  • Listing Office Address: 460 S. Palm Canyon Dr, Palm Springs, CA 92262
  • Selling Office Address: 32451 Golden Lantern #210, Laguna Niguel, CA 92677
  • Street Direction: E
  • Land Type: Fee
  • Subdivision: Versailles
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Gas Range, Refrigerator
  • Appliances Other: Washer/Dryer Combo
  • Interior Amenities: Recessed Lighting
  • Range Hood: Yes
  • Flooring: Laminate
  • Bedroom Features: Walk In Closet
  • Total Bedrooms: 2
  • Bathroom Features: Double Vanity(s), Tile Shower, Shower Stall, Remodeled
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Eating Areas: Dining Area
  • Kitchen Features: Remodeled, Quartz Counters
  • Laundry: In Bathroom
  • Estimated Sq Ft: 1305.00

Exterior Features

  • Construction: Stucco
  • Fencing: Partial
  • Foundation: Slab
  • Patio: Rock - Stone
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Community, In Ground
  • Pool Location: Community
  • Planned Unit Development: Yes
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Community
  • View: Yes

Garage/Parking

  • Parking: Assigned
  • Total Carport Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Cooling Type: Central Air
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Electric

Association/Amenities

  • Community Features: Community Mailbox
  • Association #1 Frequency: Monthly

Condo/Co-op/Association

  • Association Fees Include: Building & Grounds, Water, Trash, Sewer, Earthquake Insurance
  • Association Amenities: Maintenance Grounds, Tennis Courts
  • HOA Information: Yes
  • HOA Fee 1: 528.00
  • Total Monthly Association Fees: 528.00
  • Unit Location: Ground Floor

Lot Info

  • Assessor Parcel Number: 502325052
  • Lot Size: 1742.00

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 2

MLS Schools

  • Elementary School: Cahuilla
  • High School: Palm Springs
  • Junior Middle School: Raymond Cree
  • School District: Palm Springs Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Dec 4, 2023
Sold by
Persson Michael and Persson Liselott
Bought by
Kronor Inc
Seller's Agent
Joseph Chung
Equity Union
Buyer's Agent
Tommy Lowery
First Team Real Estate
List Price
$489,000
Sold Price
$482,000
Premium/Discount to List
-$7,000
-1.43%
Views
93
Current Estimated Value
$453,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,163
Avg. Annual Appreciation
-3.14%
Original Mortgage
$225,000
Outstanding Balance
$221,288
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$232,549

Purchase Details

Listed on
Oct 11, 2023
Closed on
Nov 21, 2023
Sold by
Diguy Llc
Bought by
Persson Michael and Persson Liselott
Seller's Agent
Joseph Chung
Equity Union
Buyer's Agent
Tommy Lowery
First Team Real Estate
List Price
$489,000
Sold Price
$482,000
Premium/Discount to List
-$7,000
-1.43%
Views
93

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Outstanding Balance
$221,288
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$232,549

Purchase Details

Listed on
Jun 16, 2023
Closed on
Jul 28, 2023
Sold by
We Buy Desert Houses Llc
Bought by
Digny Llc
Seller's Agent
Mark Tucker
Keller Williams Realty
Buyer's Agent
Joseph Chung
Compass
List Price
$335,000
Sold Price
$330,000
Premium/Discount to List
-$5,000
-1.49%
Views
86

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
215.20%
Original Mortgage
$360,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2023
Sold by
James Michael Irrevocable Trust
Bought by
We Buy Desert Houses Llc

Purchase Details

Closed on
Jul 19, 2006
Sold by
Michael James
Bought by
Michael James

Purchase Details

Closed on
Jun 2, 1994
Sold by
Kutchai Robert and Kutchai Robin H
Bought by
Michael James and Michael Helen 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
Kronor Inc -- None Listed On Document
Persson Michael $482,000 None Listed On Document
Digny Llc $330,000 Chicago Title
We Buy Desert Houses Llc $303,000 Chicago Title
Michael James -- None Available
Michael James $83,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Persson Michael $225,000
Previous Owner Digny Llc $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2023 12/06/23 Sold $482,000 -1.4% $369 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $489,000 +48.2% $375 / Sq Ft
08/08/2023 08/08/23 Sold $330,000 -1.5% $253 / Sq Ft View Prior Sale
07/12/2023 07/12/23 Pending -- -- --
07/08/2023 07/08/23 For Sale $335,000 0.0% $257 / Sq Ft
06/25/2023 06/25/23 Pending -- -- --
06/16/2023 06/16/23 For Sale $335,000 -- $257 / Sq Ft
Source: California Desert Association of REALTORS®

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 $6,113 $491,640 $122,910 $368,730
2023 $6,113 $122,489 $32,655 $89,834
2022 $1,713 $120,088 $32,015 $88,073
2021 $1,681 $117,735 $31,388 $86,347
2020 $1,614 $116,529 $31,067 $85,462
2019 $1,588 $114,245 $30,458 $83,787
2018 $1,560 $112,006 $29,861 $82,145
2017 $1,539 $109,811 $29,276 $80,535
2016 $1,499 $107,658 $28,702 $78,956
2015 $1,427 $106,043 $28,272 $77,771
2014 $1,392 $103,968 $27,719 $76,249
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219101166

California Desert Association of REALTORS®

APN: 502-325-052