$575,000
SOLD MAR 21, 2025
3 Beds
2 Baths
1,225 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$469 Per Sq Ft

16% Above List Price

24 Days on Market

Highlights

  • Heated In Ground Pool
  • Midcentury Modern Architecture
  • 2 Car Attached Garage
  • Palm Springs High School Rated A-
  • Mountain View
  • Laundry closet

About This Home

As of June 2025

Opportunity and possibilities abound; A full renovation/restoration or a demolition are two options. This lot will allow for the addition of an ADU or two new houses. A 10,454 square foot lot in the Racquet Club Estates neighborhood contains a 1225 square foot house in need of extensive work to be inhabitable. Please consult with the City of Palm Springs to explore all options. The City of Palm Springs has a review process that the new owner will need to follow to demolish the house. Other options are available. No interior previews of the property are available prior to an accepted offer. Evaluate its worth based on location and square footage. Do Not Enter the Property.

Last Agent to Sell the Property

Mike Johnson

BD Homes-The Paul Kaplan Group License #01313228 Listed on: 02/25/2025

Co-Listed By

Gary Johns

BD Homes-The Paul Kaplan Group License #00594206

Last Buyer's Agent

M. Joan Martin

Re/Max Desert Properties License #01243654

Re/Max Desert Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,319

Year Built

  • Built in 1959

Lot Details

  • 10,454 Sq Ft Lot
  • Split Rail Fence

Home Design

  • Midcentury Modern Architecture
  • Foam Roof

Interior Spaces

  • 1,225 Sq Ft Home
  • 1-Story Property
  • Partially Furnished
  • Tile Flooring
  • Mountain Views
  • Laundry closet

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Pool

  • Heated In Ground Pool
  • Outdoor Pool

Utilities

  • Central Heating and Cooling System

Community Details

  • Racquet Club East Subdivision

Listing and Financial Details

  • Assessor Parcel Number 501130029

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,319

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: One
  • Building Style: Mid Century
  • List Price per Sq Ft: 404.08
  • Lp Sp Ratio: 1.1600
  • View Type: Mountain(s)
  • Year Built: 1959
  • Co Listing Member Address: 201 North Palm Canyon Drive, Ste 120, Palm Springs, CA 92262
  • Co Listing Office Address: 201 N Palm Canyon Drive, Ste 120, Palm Springs, CA 92262
  • Co Listing Office Fax: (760) 327-3991
  • Listing I D: 219125373
  • Listing Member Address: 201 North Palm Canyon Drive, Ste 120, Palm Springs, CA 92262
  • Listing Office Address: 201 N Palm Canyon Drive, Ste 120, Palm Springs, CA 92262
  • Listing Office Fax: (760) 327-3991
  • Selling Member Address: 74907 Hwy 111, Indian Wells, CA 92210
  • Selling Office Address: 74907 Hwy 111, Indian Wells, CA 92210
  • Selling Office Fax: (760) 841-0917
  • Street Direction: N
  • Land Type: Fee
  • Subdivision: Racquet Club East
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Laundry: In Closet
  • Estimated Sq Ft: 1225.00

Exterior Features

  • Roofing: Foam
  • Fencing: Split Rail, Fenced
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Not Heated
  • Pool Location: Private
  • Planned Unit Development: No
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Garage Door Opener
  • Total Covered Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Total Uncovered Assigned Spaces: 2.00

Utilities

  • Cooling Type: Central Air
  • Heating: Central
  • Sewer: Unknown

Lot Info

  • Assessor Parcel Number: 501130029
  • Lot Description: Fenced
  • Lot Size: 10454.00

Rental Info

  • Furnished: Partially
  • Land Lease Type: Fee Simple

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2025
Closed on
Jun 16, 2025
Sold by
Panga Properties Llc
Bought by
Gillis Family Trust and Gillis
Seller's Agent
M. Joan Martin
Re/Max Desert Properties
Buyer's Agent
Mindy Hyland
Compass
List Price
$975,000
Sold Price
$925,000
Premium/Discount to List
-$50,000
-5.13%
Views
45

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-94.46%

Purchase Details

Listed on
Feb 25, 2025
Closed on
Mar 6, 2025
Sold by
Cifarelli Virginia Jean and Cifarelli Kevin
Bought by
Panga Properties Llc
Seller's Agent
Mike Johnson
BD Homes-The Paul Kaplan Group
Buyer's Agent
M. Joan Martin
Re/Max Desert Properties
List Price
$495,000
Sold Price
$575,000
Premium/Discount to List
$80,000
16.16%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
624.95%
Original Mortgage
$738,250
Interest Rate
6.89%
Mortgage Type
Construction
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
Grant Deed $925,000 Wfg National Title
Grant Deed $575,000 Wfg National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $738,250 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 Sold $925,000 -2.6% $755 / Sq Ft
06/02/2025 06/02/25 Pending -- -- --
05/27/2025 05/27/25 Price Changed $950,000 -2.6% $776 / Sq Ft
04/25/2025 04/25/25 For Sale $975,000 +69.6% $796 / Sq Ft
03/21/2025 03/21/25 Sold $575,000 +16.2% $469 / Sq Ft
02/25/2025 02/25/25 For Sale $495,000 -- $404 / Sq Ft
Source: Greater Palm Springs Multiple Listing Service

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 $2,319 $620,000 $280,000 $340,000
2023 $2,319 $140,645 $32,446 $108,199
2022 $1,958 $137,888 $31,810 $106,078
2021 $1,921 $135,186 $31,187 $103,999
2020 $1,843 $133,801 $30,868 $102,933
2019 $1,813 $131,178 $30,263 $100,915
2018 $1,781 $128,607 $29,670 $98,937
2017 $1,754 $126,087 $29,089 $96,998
2016 $1,706 $123,616 $28,519 $95,097
2015 $1,625 $121,761 $28,092 $93,669
2014 $1,588 $119,378 $27,543 $91,835
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Palm Springs Multiple Listing Service

MLS Number: 219125373

Greater Palm Springs Multiple Listing Service

APN: 501-130-029