NOT LISTED FOR SALE

2055 S Joshua Tree Place Palm Springs, CA 92264

Estimated Value: $1,844,000 - $2,654,000

3 Beds
3 Baths
3,350 Sq Ft
$619/Sq Ft Est. Value

Last Sold October 19, 2023

Last sale price $1,800,000 $537 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $12,796/month

111 Days on Market

Highlights

  • Heated In Ground Pool
  • Solar Power System
  • Auto Driveway Gate
  • Palm Springs High School Rated A-
  • Gourmet Galley Kitchen
  • Two Primary Bedrooms

About This Home

As of October 2023

This iconic mid-century time capsule has been meticulously preserved and updated in all the right places. The entertainers dream! Updates to this 3 bed 3 bath home include owned solar system, complete kitchen renovation, new double pane Fleetwood sliders and windows throughout, 2 A/C systems, reupholstered dining chairs, drapes, updated pool and spa, renovated garage and much more. This home has been published many times over by large fashion brands, jewelry companies, major celebrity musical acts, lifestyle, film and television projects. Not only does this have an outstanding background for production income but for vacation rental as well. The renovated kitchen comes complete with new cabinetry, quartz counter tops, Moroccan tile floors, dual dishwashers and gourmet range. The large pink primary suite's new sliders open directly to the pool and includes 2 large walk-in closets just steps away from the poured terrazzo tub in the center of the primary bath. On the opposite side of the house you will find the private blue guest quarters with sliders that open to the pool complete with ensuite. Enjoy casual lounging in the den on the white shag carpet in front of the fireplace listening to the juke box while guests sip drinks at the bar, or step it up a notch to the formal green rotunda living room complete with floor to ceiling glass, breathtaking chandeliers and furnishings built for the room. Custom built original furnishings throughout. The newly installed electronic driveway gate, walk up gate and mature hedge allow for ultimate privacy and security. All of this nestled in the well known south Palm Springs neighborhood of Twin Palms. Proof of Funds strictly required to view.

Last Agent to Sell the Property

Klint Watkins

Equity Union License #01820348 Listed on: 05/02/2023

Equity Union

Last Buyer's Agent

Goli Vahdani

Equity Union License #01742686

Equity Union

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,156

Year Built

  • Built in 1969

Lot Details

  • 10,019 Sq Ft Lot
  • East Facing Home
  • Gated Home
  • Block Wall Fence
  • Drip System Landscaping
  • Sprinklers on Timer
  • Lawn
  • Property is zoned R1C

Parking

  • 2 Car Attached Garage
  • 6 Carport Spaces
  • Side by Side Parking
  • Garage Door Opener
  • Auto Driveway Gate
  • Guest Parking
  • RV Potential

Home Design

  • Midcentury Modern Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Foam Roof
  • Stucco

Interior Spaces

  • 3,350 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Built-In Features
  • Bar
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Drapes & Rods
  • Formal Dining Room
  • Den with Fireplace
  • Mountain Views

Kitchen

  • Gourmet Galley Kitchen
  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Stone Countertops

Flooring

  • Carpet
  • Terrazzo

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • Two Primary Bathrooms
  • 3 Full Bathrooms
  • Double Vanity
  • Bathtub
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gas Heated Pool
  • Gunite Pool
  • Waterfall Pool Feature
  • Pool Tile

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Property is located within a water district

Additional Features

  • Solar Power System
  • Covered Patio or Porch
  • Ground Level Unit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 511-131-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,156

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Levels: Ground Level, One
  • Street Number Display: Yes
  • Advertising Remarks: This iconic mid-century time capsule has been meticulously preserved and updated in all the right places. The entertainers dream! Updates to this 3 bed 3 bath home include owned solar system, complete kitchen renovation, new double pane Fleetwood sliders and windows throughout, 2 A/C systems, reupholstered dining chairs, drapes, updated pool and spa, renovated garage and much more. This home has been published many times over by large fashion brands, jewelry companies, major celebrity musical acts, lifestyle, film and television projects. Not only does this have an outstanding background for production income but for vacation rental as well. The renovated kitchen comes complete with new cabinetry, quartz counter tops, Moroccan tile floors, dual dishwashers and gourmet range. The large pink primary suite's new sliders open directly to the pool and includes 2 large walk-in closets just steps away from the poured terrazzo tub in the center of the primary bath. On the opposite side of the house you will find the private blue guest quarters with sliders that open to the pool complete with ensuite. Proof of Funds strictly required to view.
  • Entry Floor: 1
  • Entry Location: Ground Level - no steps
  • Living Area: 3350
  • Lot Acreage: 0.2300
  • Planned Urban Dev: 0
  • Stories: 1
  • Year Built: 1969
  • Builders Tract Name: Twin Palms
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Bar, Built-Ins, Furnished, Recessed Lighting
  • Fireplace Rooms: Den
  • Flooring: Carpet, Terrazzo
  • Appliances: Microwave, Range, Gas
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Bedroom Features: 2 Master Bedrooms, All Bedrooms Down, Ground Floor Master, Master Bedroom, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths, Double Vanity(s), Shower Stall, Tub Only
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar, Formal Dining Rm
  • Kitchen Features: Galley Kitchen, Gourmet Kitchen, Island, Stone Counters
  • Laundry: Room
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Dryer, Gas Or Electric Dryer Hookup, Water Line to Refrigerator, Refrigerator, Solar Panels, Vented Exhaust Fan, Washer, Microwave, Range/Oven
  • Fireplace: Yes
  • Inclusions: Furnished per seller inventory
  • Price Per S Q F T: 596.72
  • Windows: Drapes/Curtains, Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Structures: None
  • Foundation Details: Slab
  • Fence: Block
  • Patio: Concrete Slab, Covered, Porch - Front, Porch - Rear
  • Pool Description: Gunite, Heated, Heated with Gas, In Ground, Waterfall, Tile, Private
  • Pool: Yes
  • Roof: Foam
  • Spa: Heated with Gas, In Ground, Private
  • Spa Yn: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Carport Spaces: 6
  • Garage Spaces: 2
  • Parking Garage: Attached, Door Opener, Driveway Gate, Garage - 2 Car, Garage Is Attached, Gated, Parking for Guests, RV Possible, Side By Side
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Dual, Ceiling Fan, Multi/Zone, Central
  • Heating: Central, Forced Air, Natural Gas
  • Security: Automatic Gate, Gated
  • Water: Water District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler System, Drip System, Sprinkler Timer
  • Assessor Parcel Number: 511-131-002
  • Lot Description: Yard, Lawn
  • Lot Size Area: 10019

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2023
Closed on
Sep 27, 2023
Sold by
Burris Chad and Burris Julie
Bought by
Keshavarzi Family Trust and Keshavarzi
Seller's Agent
Klint Watkins
Equity Union
Buyer's Agent
Goli Vahdani
Equity Union
List Price
$2,099,000
Sold Price
$1,800,000
Premium/Discount to List
-$299,000
-14.24%
Views
169
Current Estimated Value
$2,073,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,523
Avg. Annual Appreciation
6.93%
Original Mortgage
$1,619,820
Outstanding Balance
$1,580,619
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$492,904

Purchase Details

Listed on
Feb 15, 2019
Closed on
Jul 24, 2019
Sold by
Latham Jessica and Brooks Ryan
Bought by
Burris Chad and Burris Julie
Seller's Agent
Kenny Jervis
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Klint Watkins
Equity Union
List Price
$1,737,000
Sold Price
$1,150,000
Premium/Discount to List
-$587,000
-33.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.26%

Purchase Details

Listed on
Feb 4, 2016
Closed on
Jul 27, 2017
Sold by
Lucarelli Dana G and Score Fine M
Bought by
Latham Jessica
Seller's Agent
Chip Romero
HomeSmart Professionals
Buyer's Agent
Chip Romero
HomeSmart Professionals
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.79%
Original Mortgage
$600,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 2006
Sold by
Hite Martha M
Bought by
Hite Martha M

Purchase Details

Closed on
Apr 30, 2005
Sold by
Hite Martha M
Bought by
Hite Martha M

Purchase Details

Closed on
Mar 29, 1995
Sold by
Hite Martha M and Haley Martha Chiordi
Bought by
Hite Ben J and Hite Martha M

Purchase Details

Closed on
Oct 7, 1993
Sold by
Seidner Murrey
Bought by
Hite Ben J and Hite Martha M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Keshavarzi Family Trust $1,800,000 Lawyers Title
Burris Chad $1,150,000 Lawyers Title
Latham Jessica $800,000 Lawyers Title
Hite Martha M -- None Available
Hite Martha M -- None Available
Hite Martha M -- --
Hite Ben J -- --
Hite Ben J -- --
Hite Ben J $310,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keshavarzi Family Trust $1,619,820
Previous Owner Latham Jessica $600,000
Previous Owner Hite Ben J $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/19/2023 10/19/23 Sold $1,800,000 0.0% $537 / Sq Ft
08/21/2023 08/21/23 Pending -- -- --
08/02/2023 08/02/23 Off Market $1,800,000 -- --
07/05/2023 07/05/23 Price Changed $1,999,000 -4.8% $597 / Sq Ft
05/02/2023 05/02/23 For Sale $2,099,000 +82.5% $627 / Sq Ft
08/09/2019 08/09/19 Sold $1,150,000 -14.8% $343 / Sq Ft View Prior Sale
06/28/2019 06/28/19 Pending -- -- --
06/25/2019 06/25/19 Price Changed $1,349,000 -8.5% $403 / Sq Ft
05/31/2019 05/31/19 Price Changed $1,475,000 -7.8% $440 / Sq Ft
04/04/2019 04/04/19 Price Changed $1,599,000 -7.9% $477 / Sq Ft
02/15/2019 02/15/19 For Sale $1,737,000 +108.3% $519 / Sq Ft
09/06/2017 09/06/17 Price Changed $833,777 +4.2% $249 / Sq Ft
08/07/2017 08/07/17 Sold $800,000 -4.1% $239 / Sq Ft View Prior Sale
05/11/2017 05/11/17 Pending -- -- --
03/04/2017 03/04/17 Price Changed $833,777 -0.1% $249 / Sq Ft
07/15/2016 07/15/16 Price Changed $835,000 -1.8% $249 / Sq Ft
02/04/2016 02/04/16 For Sale $850,000 -- $254 / 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 $22,156 $1,836,000 $550,800 $1,285,200
2023 $22,156 $1,208,852 $126,140 $1,082,712
2022 $15,572 $1,185,150 $123,667 $1,061,483
2021 $15,254 $1,161,913 $121,243 $1,040,670
2020 $14,560 $1,150,000 $120,000 $1,030,000
2019 $10,341 $816,000 $244,800 $571,200
2018 $10,145 $800,000 $240,000 $560,000
2017 $2,650 $190,687 $44,649 $146,038
2016 $2,577 $186,949 $43,774 $143,175
2015 $2,380 $184,138 $43,114 $141,024
2014 $2,337 $180,532 $42,270 $138,262
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-266547

The MLS

APN: 511-131-002