NOT LISTED FOR SALE

Estimated Value: $395,846 - $443,000

2 Beds
2 Baths
1,305 Sq Ft
$438/mo HOA Fee

Last Sold April 29, 2021

Last sale price $300,000 $230 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,068/month

110 Days on Market

Highlights

  • Heated Indoor Pool
  • Mediterranean Architecture
  • Ground Level Unit
  • Palm Springs High School Rated A-
  • Furnished
  • Tennis Courts

About This Home

As of April 2021

Don't miss this South Palm Springs two bedroom, one and three-quarter bath lower condo, offered turnkey furnished. The unit was just freshly painted throughout and recessed lighting was installed in the kitchen. Other upgrades include tiled entry, kitchen and bath, stainless steel kitchen appliances and inside laundry. The gas tankless water heater and the HVAC unit were replaced 4 years ago. The Versailles complex features four pools, spas, and two lighted tennis courts. The complex is located across the street from Smoke Tree Shopping center and Smoke Tree Commons, which include restaurants, banks, Word Market, Jensen's, Ralph's grocery store, beauty salon, Walgreen's and many more. It is less than 2 miles to downtown, with more restaurants, shops and a Casino. Buyer to co-operate with 1031 Exchange at no cost to the buyer.

Last Agent to Sell the Property

Harry Sterling

Coldwell Banker Realty License #01359429 Listed on: 12/11/2020

Coldwell Banker Realty

Last Buyer's Agent

Stephen Sullivan

License #01321825

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,038

Year Built

  • Built in 1981

Lot Details

  • 1,307

HOA Fees

  • $438 Monthly HOA Fees

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 1,305 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Blinds
  • Living Room
  • Dining Area

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Parking

  • Detached Carport Space
  • Assigned Parking

Pool

  • Heated Indoor Pool
  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Covered patio or porch
  • Outdoor Grill

Utilities

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

Additional Features

  • North Facing Home
  • Ground Level Unit

Listing and Financial Details

  • Assessor Parcel Number 502-325-002

Community Details

Overview

  • 107 Units
  • Desert Resort Management Association

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,038

Year Built

Built in 1981

Lot Details

0

HOA Fees

$438 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Mediterranean
  • Levels: Ground Level, One
  • Street Number Display: Yes
  • Builders Tract Code: 7040
  • Complex Name: Versailles
  • Entry Floor: 1
  • Living Area: 1305
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 1
  • Unit Floor In Building: 1
  • Year Built: 1981
  • Builders Tract Name: Versailles
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free Standing Gas, Microwave
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Closet
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Barbeque, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 237.47
  • Windows: Window Blinds

Exterior Features

  • Direction Faces: North
  • Other Features: Barbecue Private
  • Pool Description: Heated, Indoor, Community
  • Pool: Yes
  • Spa: Community
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Assigned, Carport Detached

Utilities

  • Water Heater: Tankless
  • Cooling: Air Conditioning, Central, Electric
  • Earth Quake Ins: 1
  • Heating: Central, Forced Air, Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Connected and Paid
  • Water: Water District

Association/Amenities

  • Amenities: Pool, Spa, Tennis Courts
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 438.00
  • Management Company: Desert Resort Management
  • Mgmt Co Phone: 7603461161|
  • HOA: Yes
  • Unit Location: 1

Lot Info

  • Horses: No
  • Assessor Parcel Number: 502-325-002
  • Lot Size Area: 1742

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 107

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2020
Closed on
Apr 19, 2021
Sold by
Diamond Michael N and Michael N Diamond Trust
Bought by
Miloro Justin
Seller's Agent
Harry Sterling
Coldwell Banker Realty
Buyer's Agent
Stephen Sullivan
List Price
$299,000
Sold Price
$300,000
Premium/Discount to List
$1,000
0.33%
Current Estimated Value
$415,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,212
Avg. Annual Appreciation
7.75%
Original Mortgage
$294,566
Outstanding Balance
$267,107
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$145,563

Purchase Details

Closed on
Aug 28, 1995
Sold by
Diamond Michael N
Bought by
Diamond Michael N
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
Miloro Justin $300,000 Equity Title Company
Diamond Michael N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miloro Justin $294,566
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2021 04/29/21 Sold $300,000 0.0% $230 / Sq Ft
04/02/2021 04/02/21 Off Market $2,700 -- --
03/31/2021 03/31/21 Pending -- -- --
03/05/2021 03/05/21 Price Changed $309,900 +3.6% $237 / Sq Ft
12/11/2020 12/11/20 For Sale $299,000 0.0% $229 / Sq Ft
11/16/2020 11/16/20 Rented $2,000 -25.9% --
06/01/2020 06/01/20 For Rent $2,700 +5.9% --
05/01/2019 05/01/19 Rented $2,550 0.0% --
05/01/2019 05/01/19 Under Contract -- -- --
06/01/2018 06/01/18 For Rent $2,550 +9.9% --
03/31/2018 03/31/18 Rented $2,320 -9.0% --
11/14/2017 11/14/17 Price Changed $2,550 +6.3% $2 / Sq Ft
06/01/2017 06/01/17 For Rent $2,400 0.0% --
05/12/2017 05/12/17 Rented $2,400 0.0% --
06/01/2016 06/01/16 For Rent $2,400 +4.3% --
05/31/2016 05/31/16 Rented $2,300 0.0% --
06/01/2015 06/01/15 For Rent $2,300 0.0% --
05/31/2015 05/31/15 Rented $2,300 -77.6% --
05/31/2015 05/31/15 Under Contract -- -- --
11/20/2013 11/20/13 Rented $10,273 +346.7% --
11/20/2013 11/20/13 Under Contract -- -- --
06/01/2013 06/01/13 For Rent $2,300 +9.5% --
08/31/2010 08/31/10 For Rent $2,100 -- --
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 $4,038 $568,273 $81,181 $487,092
2023 $4,038 $312,120 $78,030 $234,090
2022 $4,113 $306,000 $76,500 $229,500
2021 $2,622 $183,705 $45,911 $137,794
2020 $2,512 $181,823 $45,441 $136,382
2019 $2,472 $178,258 $44,550 $133,708
2018 $2,430 $174,764 $43,677 $131,087
2017 $2,397 $171,338 $42,821 $128,517
2016 $2,333 $167,980 $41,982 $125,998
2015 $2,231 $165,458 $41,352 $124,106
2014 $2,191 $162,219 $40,543 $121,676
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-669560

The MLS

APN: 502-325-002