NOT LISTED FOR SALE

220 S Patencio Rd Palm Springs, CA 92262

Historic Tennis Club Neighborhood

Estimated Value: $2,843,640

9 Beds
9 Baths
10,875 Sq Ft
$261/Sq Ft Est. Value

Last Sold March 20, 2015

Last sale price $1,897,000 $174 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $17,703/month

916 Days on Market

About This Home

As of March 2015

STRONG/VERIFIABLE 8% CAP RATE!!! Award winning Inn in upscale downtown location. Eight beautiful (private) guest rooms surrounded by lush landscaping and stunning mountain views. Gorgeous pool and ninth guest suite option available. Walking distance to everything! Current sellers are long term owners. Rare opportunity! Confidentiality agreement required...

Last Agent to Sell the Property

Joe Woods

Equity Union License #01898608 Listed on: 05/17/2012

Last Buyer's Agent

Cynthia Frye

Home Based Realty License #01892051

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,822

Year Built

1900

Lot Details

0

Listing Details

  • Entry Location: Ground Level - no steps
  • Disability Access: 36 inch or more wide halls
  • Active Date: 2012-06-01
  • Full Bathroom: 9
  • Building Size: 10875.0
  • Building Structure Style: Ranch
  • Doors: French Doors
  • Driving Directions: South Palm Canyon (R) Arenas (L) on South Patencio... Property on left...
  • Elevators: No
  • Full Street Address: 220 S Patencio RD
  • Lot Location: City, Near Public Transit
  • Lot Size Acres: 0.262
  • Pool Construction: Gunite, In Ground
  • Pool Descriptions: Heated, Private Pool
  • Primary Object Modification Timestamp: 2015-10-07
  • Property Condition: Updated/Remodeled
  • Total Number of Units: 1
  • View Type: City Lights View, Courtyard View, Mountain View, Panoramic View, Pool View
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1900

Interior Features

  • Bedroom Features: All Bedrooms Down
  • Appliances: Built-In BBQ, Built-Ins
  • ADA Accessible: Yes
  • Additions Alterations: Yes
  • Advertising Remarks: STRONG/VERIFIABLE 8% CAP RATE!!! Award winning Inn in upscale downtown location. Eight beautiful (private) guest rooms surrounded by lush landscaping and stunning mountain views. Gorgeous pool and ninth guest suite option available. Walking distance to ev
  • Alley: No
  • Total Bedrooms: 9
  • Builders Tract Code: 5860
  • Builders Tract Name: TENNIS CLUB
  • Building Permit: Yes
  • Construction: Frame and Stucco
  • Dwelling Stories: 1.0
  • Levels: One Level
  • Number Of Buildings: 1
  • Owner Pays: Electric, Gardener, Gas, Pool Service, Water
  • Paved: Yes
  • Water Heaters: Yes
  • Interior Amenities: Furnished
  • Appliances: Electric Dryer Hookup
  • Floor Material: Ceramic Tile
  • Laundry: Laundry Area
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 11427
  • Direction Faces: Faces West
  • Construction: Hard Coat Stucco, Wood
  • Foundation: Foundation - Concrete Slab
  • Patio: Concrete Slab, Covered Porch, Patio Open, Tile
  • Windows: Drapes/Curtains

Garage/Parking

  • Parking Features: Driveway - Concrete
  • Parking Spaces Total: 8

Utilities

  • Water District: DESERT WATER
  • TV Svcs: Cable TV
  • Water Heater: Electric
  • Cooling Type: Air Conditioning, Electric, Ceiling Fan(s)
  • Heating Fuel: Electric

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Lot Description: Corners Established, Curbs, Landscaped, Lot Shape-Rectangular, Sidewalks, Street Asphalt, Street Lighting

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2012
Closed on
Mar 12, 2015
Sold by
Pilcher Larry L and Edward Fine G
Bought by
Captains Bounty Llc
Seller's Agent
Joe Woods
Equity Union
Buyer's Agent
Joe Woods
Equity Union
List Price
$2,995,000
Sold Price
$1,897,000
Premium/Discount to List
-$1,098,000
-36.66%
Current Estimated Value
$2,843,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$946,640
Avg. Annual Appreciation
3.89%
Original Mortgage
$1,097,000
Outstanding Balance
$838,015
Interest Rate
3.61%
Mortgage Type
Seller Take Back
Estimated Equity
$2,005,625

Purchase Details

Closed on
Jul 22, 2002
Sold by
Patencio Properties Llc
Bought by
Pilcher Larry L and Edward Fine G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,500
Interest Rate
6.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 4, 2001
Sold by
Hodson Herbert R and Hodson Mary E
Bought by
Patencio Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.98%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Captains Bounty Llc $1,797,000 Lawyers Title
Pilcher Larry L $584,500 First American Title Co
Patencio Properties Llc $440,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Captains Bounty Llc $1,097,000
Previous Owner Pilcher Larry L $281,500
Previous Owner Patencio Properties Llc $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2015 03/20/15 Sold $1,897,000 -36.7% $174 / Sq Ft
11/19/2014 11/19/14 Pending -- -- --
05/17/2012 05/17/12 For Sale $2,995,000 -- $275 / 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 $33,822 $2,556,701 $487,093 $2,069,608
2023 $33,822 $2,457,424 $468,180 $1,989,244
2022 $34,540 $2,409,240 $459,000 $1,950,240
2021 $28,212 $1,995,245 $305,335 $1,689,910
2020 $27,020 $1,974,788 $302,205 $1,672,583
2019 $26,585 $1,936,068 $296,280 $1,639,788
2018 $26,123 $1,900,383 $290,471 $1,609,912
2017 $25,769 $1,863,166 $284,776 $1,578,390
2016 $25,034 $1,826,679 $279,193 $1,547,486
2015 $10,761 $706,638 $104,834 $601,804
2014 $10,450 $692,843 $102,782 $590,061
Source: Public Records

Agents Affiliated with this Home

  • Joe Woods

    Seller's Agent in 2015

    Joe Woods

    Equity Union

    (760) 567-3880

    31 Total Sales

    Joe Woods
    Section Image

  • C

    Buyer's Agent in 2015

    Cynthia Frye

    Home Based Realty

    Section Image
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Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 41454918

APN: 513-133-014

California Riverside County Palm Springs 92262 Historic Tennis Club

220 S Patencio Rd, Palm Springs, CA

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