2040 S Chico Dr Palm Springs, CA 92264
4
Beds
4
Baths
2,994
Sq Ft
10,019
Sq Ft Lot
Highlights
- In Ground Pool
- Mountain View
- Recreation Room
- Palm Springs High School Rated A-
- Living Room with Fireplace
- No HOA
About This Home
As of April 2023Palm Springs, 4 bedroom 3.5 bath home in the desirable Indian Canyons neighborhood, in South Palm Springs, on FEE land (no lease). First time on the market since 1977. Located on a very quiet street, surrounded by mountain views. Features: vaulted ceilings, generous size rooms, pool and spa, 2994 square feet of living space, and in one of the most sought after areas of the entire valley. Property sold as is and ready for your own revision.
Last Agent to Sell the Property
Keller Williams Luxury Homes License #01762787 Listed on: 03/24/2023
Last Buyer's Agent
Kimberly Kubas
License #01956083
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $16,392
Year Built
- Built in 1977
Lot Details
- 10,019 Sq Ft Lot
- Property is zoned R1C
Interior Spaces
- 2,994 Sq Ft Home
- 1-Story Property
- Bar
- Formal Entry
- Family Room
- Living Room with Fireplace
- Dining Room
- Recreation Room
- Mountain Views
Kitchen
- Breakfast Bar
- Walk-In Pantry
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 1 Parking Space
- Driveway
Pool
- In Ground Pool
- In Ground Spa
- Gunite Pool
- Gunite Spa
Outdoor Features
- Covered patio or porch
Utilities
- Two cooling system units
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 511-102-024
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 24, 2023
Closed on
Mar 30, 2023
Sold by
William G Colucci G and William Valerie J
Bought by
Camino Trust
Seller's Agent
Kathryn Tomasino
Keller Williams Luxury Homes
Buyer's Agent
Kimberly Kubas
List Price
$1,250,000
Sold Price
$1,300,000
Premium/Discount to List
$50,000
4%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,318,247
Avg. Annual Appreciation
36.13%
Original Mortgage
$1,105,000
Interest Rate
7.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 6, 2022
Sold by
Colucci Paul Trust
Bought by
Colucci William G & Valerie J Colucci Colucci
Purchase Details
Closed on
Jun 8, 2011
Sold by
Colucci Paul R
Bought by
Colucci Paul
Similar Homes in Palm Springs, CA
Create a Home Valuation Report for This Property
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,300,000 | Orange Coast Title | |
| Gift Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,613,600 | New Conventional | |
| Closed | $1,105,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/27/2023 04/27/23 | Sold | $1,300,000 | +4.0% | $434 / Sq Ft |
| 03/27/2023 03/27/23 | Pending | -- | -- | -- |
| 03/24/2023 03/24/23 | For Sale | $1,250,000 | -- | $418 / Sq Ft |
Source: The MLS
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 |
|---|---|---|---|---|
| 2025 | $16,392 | $2,299,279 | $405,757 | $1,893,522 |
| 2023 | $16,392 | $1,198,500 | $359,040 | $839,460 |
| 2022 | $4,433 | $322,527 | $84,309 | $238,218 |
| 2021 | $4,346 | $316,204 | $82,656 | $233,548 |
| 2020 | $4,157 | $312,963 | $81,809 | $231,154 |
| 2019 | $4,087 | $306,827 | $80,205 | $226,622 |
| 2018 | $4,013 | $300,812 | $78,633 | $222,179 |
| 2017 | $3,955 | $294,915 | $77,092 | $217,823 |
| 2016 | $3,843 | $289,133 | $75,581 | $213,552 |
| 2015 | $3,683 | $284,793 | $74,447 | $210,346 |
| 2014 | $3,631 | $279,217 | $72,990 | $206,227 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2023
Kathryn Tomasino
Keller Williams Luxury Homes
(760) 333-9990
91 Total Sales
-
K
Buyer's Agent in 2023
Kimberly Kubas
Map
Source: The MLS
MLS Number: 23-252801
APN: 511-102-024
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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