$1,150,000
SOLD SEP 30, 2013
3 Beds
4 Baths
4,034 Sq Ft
0.37 Acres

Recently Sold

$285 Per Sq Ft

28% Below List Price

105 Days on Market

About This Home

As of December 2015

Magnificent and unique 4,034 square foot Old Las Palmas compound offers a rare 3 car garage and is sited on precisely manicured walled and gated grounds. This incredible entertainers' residence offers a grand double door entry complete with marble flooring and an adjacent powder room. A grand fireplace is flanks by tall French style doors in the unusual living room with an architecturally pleasing & soaring circular ceiling. A separate wet bar, a Formal Dining room with soaring ceilings and custom lighting is adjacent to the chef's kitchen in pristine condition. The kitchen is also adjacent to the media room with fireplace which could easily be a 4th bedroom. The lavish Master en-suite offers an abundance of closet space and hotel quality bath. Two additional en-suite bedrooms and ample storage are also found. Custom window coverings, handsome fixtures and a resort quality pool make this true "Palm Springs" and is just steps from the Uptown Design District where you can stroll to shop

Last Agent to Sell the Property

Scott Histed

Bennion Deville Homes License #01031722 Listed on: 05/14/2013

Bennion Deville Homes

Last Buyer's Agent

Benjamin Leaskou

Desert Lifestyle Properties License #01754516

Desert Lifestyle Properties

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,320

Year Built

1982

Lot Details

0

Parking

3

Listing Details

  • Cross Street: N. PALM CANYON
  • Active Date: 2013-05-14
  • Full Bathroom: 3
  • Half Bathroom: 1
  • Building Size: 4034.0
  • Building Structure Style: Contemporary
  • Driving Directions: N. Palm Canyon to Verda Sur home is on the left
  • Exclusions: CHANDELIERS AND SCONCES IN LIVING ROOM
  • Full Street Address: 211 W VEREDA SUR
  • Pool Construction: Fiberglass, In Ground
  • Pool Descriptions: Heated And Filtered, Private Pool
  • Primary Object Modification Timestamp: 2015-10-01
  • Spa Descriptions: Private Spa
  • Total Number of Units: 1
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1982

Interior Features

  • Bathroom Features: Powder Room
  • Eating Areas: Breakfast Room, Breakfast Counter / Bar
  • Advertising Remarks: Magnificent and unique 4,034 square foot Old Las Palmas compound offers a rare 3 car garage and is sited on precisely manicured walled and gated grounds. This incredible entertainers' residence offers a grand double door entry complete with marble floorin
  • Total Bedrooms: 3
  • Builders Tract Code: 5650
  • Builders Tract Name: OLD LAS PALMAS
  • Fireplace: Yes
  • Spa: Yes
  • Interior Amenities: Bar
  • Fireplace Rooms: Family Room, Living Room
  • Appliances: Dishwasher, Garbage Disposal, Refrigerator
  • Floor Material: Carpet, Marble
  • Laundry: Individual Room
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 16117
  • Common Walls: Attached
  • Patio: Covered Porch
  • Fence: Block Wall
  • Roofing: Composition

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Type: Garage - Three Door

Utilities

  • Cooling Type: Central A/C
  • Heating Type: Forced Air

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2016
Sold by
Halicioglu Nedim
Bought by
Halicioglu Nedim and The Nedims Trust Under Ctn 2008 Irrevoca
Current Estimated Value
$2,782,040

Purchase Details

Listed on
Dec 7, 2015
Closed on
Nov 20, 2015
Sold by
Lg Project 34 Llc
Bought by
Ctn 2008 Irrevocable Trust Agreement and Nedims Trust
Seller's Agent
Scott And Jim Desert Homes
Harcourts Desert Homes
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$1,497,000
Sold Price
$1,350,000
Premium/Discount to List
-$147,000
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%

Purchase Details

Listed on
May 14, 2013
Closed on
Sep 12, 2013
Sold by
Schott Bruce D
Bought by
Lg Project 34 Llc
Seller's Agent
Scott Histed
Bennion Deville Homes
Buyer's Agent
Benjamin Leaskou
Desert Lifestyle Properties
List Price
$1,595,000
Sold Price
$1,150,000
Premium/Discount to List
-$445,000
-27.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%
Original Mortgage
$600,250
Interest Rate
4.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 25, 2007
Sold by
The Bruce D Schott Revocable Living Tr
Bought by
The Bruce D Schott Revocable Living Tr

Purchase Details

Closed on
Jan 3, 1997
Sold by
Gallade Adele M
Bought by
Bard Robert H and Schott Bruce D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
3.95%

Purchase Details

Closed on
Apr 18, 1996
Sold by
Hoffman Kenneth J
Bought by
Gallade Adele M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,500
Interest Rate
7.41%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- First American Title Company
Grant Deed $1,350,000 First American Title Ins Co
Grant Deed $1,150,000 Wfg Title Company Of Ca
Interfamily Deed Transfer -- None Available
Grant Deed $375,000 First American Title Ins Co
Quit Claim Deed -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $600,250 Stand Alone Second
Previous Owner $805,000 Purchase Money Mortgage
Previous Owner $281,250 No Value Available
Previous Owner $68,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2015 12/17/15 Sold $1,350,000 -9.8% $335 / Sq Ft
12/07/2015 12/07/15 Pending -- -- --
12/07/2015 12/07/15 For Sale $1,497,000 +30.2% $371 / Sq Ft
09/30/2013 09/30/13 Sold $1,150,000 -17.6% $285 / Sq Ft
08/27/2013 08/27/13 Pending -- -- --
08/27/2013 08/27/13 Price Changed $1,395,000 -12.5% $346 / Sq Ft
05/14/2013 05/14/13 For Sale $1,595,000 -- $395 / Sq Ft
Source: Palm Springs Regional 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 $19,320 $2,636,900 $559,340 $2,077,560
2023 $19,320 $1,536,065 $537,621 $998,444
2022 $19,715 $1,505,947 $527,080 $978,867
2021 $19,310 $1,476,420 $516,746 $959,674
2020 $18,428 $1,461,282 $511,448 $949,834
2019 $18,106 $1,432,630 $501,420 $931,210
2018 $17,763 $1,404,540 $491,589 $912,951
2017 $17,500 $1,377,000 $481,950 $895,050
2016 $16,980 $1,350,000 $472,500 $877,500
2015 $14,792 $1,172,976 $410,541 $762,435
2014 $14,297 $1,150,000 $402,500 $747,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 13-673385PS

APN: 505-222-004