NOT LISTED FOR SALE

220 W Hermosa Place Palm Springs, CA 92262

Old Las Palmas Neighborhood

Estimated Value: $7,146,000 - $7,702,000

5 Beds
6 Baths
4,788 Sq Ft
$1,538/Sq Ft Est. Value

Last Sold March 27, 2017

Last sale price $2,220,000 $464 Per Sq Ft

Est. 232% increase in value since last sale

Current estimated payment $47,216/month

7 Days on Market

About This Home

As of March 2017

First time on the active market since 1982. A fabulous .72 acre lot in the heart of Old Las Palmas offering unparalleled mountain views and surrounded by significant estates. The property is totally gated with mature landscape for the utmost in privacy. Renovated and expanded in 1988, 2000 and 2013 the Spanish style home is ready to be upgraded and taken to the next level. 4800 sq ft of living with a 4/5 main house and a separate 1/1 plus living/kitchen casita. Main house has 3 fireplaces (living room, family room and master). Master suite has sitting room, huge bath and enormous closet. The private pool and spa has a sun screen structure to provide shade for year round swimming enjoyment. This is a rare opportunity for a special Buyer.

Last Agent to Sell the Property

Louise Hampton

Berkshire Hathaway HomeServices California Properties License #00802409T Listed on: 01/20/2017

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Louise Hampton

Berkshire Hathaway HomeServices California Properties License #00802409T Listed on: 01/20/2017

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

Single Family

Est. Annual Taxes

$88,827

Year Built

1976

Lot Details

0

Parking

2

Listing Details

  • Cross Street: PRESCOTT
  • Entry Location: Main Level
  • Active Date: 2017-01-20
  • Full Bathroom: 6
  • Building Size: 4788.0
  • Building Structure Style: Spanish
  • Doors: French Doors
  • Driving Directions: North on Palm Canyon, west on W. Hermosa, property will be on right
  • Full Street Address: 220 W HERMOSA PL
  • Lot Size Acres: 0.72
  • Lot Dimension Description: A0.72
  • Pool Construction: In Ground
  • Pool Descriptions: Private Pool
  • Primary Object Modification Timestamp: 2017-03-27
  • Spa Construction: In Ground
  • Spa Descriptions: Private Spa
  • Mello Roos: Unknown
  • View Type: Mountain View, Pool View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1976

Interior Features

  • Bathroom Features: Powder Room, Double Vanity(s), Dual Entry (Jack & Jill) Bath, Shower Over Tub, Shower Stall, Tile, Tub Only
  • Bedroom Features: Main Floor Master Bedroom, Master Suite, WalkInCloset
  • Eating Areas: Dining Area
  • Appliances: Microwave, Built-In Gas, Double Oven, Oven-Gas, Range Hood
  • Advertising Remarks: Listing Agent - Louise Hampton, Louise Hampton Team, Berkshire Hathaway Home Services Ca Properties. Contact info: PH: 760-320-4586, Email: louise@louisehampton.com, Website: www.louise@louisehampton.com. Director of Buyer Agent Division - Steve Hannegan
  • Total Bedrooms: 5
  • Builders Tract Code: 5650
  • Builders Tract Name: OLD LAS PALMAS
  • Fireplace: Yes
  • Levels: One Level
  • Pool Accessories: Pool Cover
  • Spa: Yes
  • Interior Amenities: Built-Ins, Cathedral-Vaulted Ceilings, High Ceilings (9 Feet+), Open Floor Plan, Recessed Lighting
  • Fireplace Rooms: Family Room, Living Room, Master Bedroom
  • Appliances: Dishwasher, Dryer, Freezer, Garbage Disposal, Refrigerator, Washer
  • Floor Material: Hardwood
  • Kitchen Features: Island, Open to Family Room, Tile Counters
  • Laundry: Individual Room
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 31363
  • Common Walls: Detached/No Common Walls
  • Direction Faces: Faces South, Faces West
  • Entry Floor: 1
  • Construction: Stucco
  • Foundation: Foundation - Concrete Slab
  • Other Features: High Ceilings (9 Feet+)
  • Other Structures: GuestHouse
  • Patio: Covered Porch, Brick, Covered, Lanai
  • Fence: Block Wall
  • Windows: Window Shutters
  • Roofing: Tile
  • Water: District/Public

Garage/Parking

  • Garage Spaces: 2.0
  • Total Parking Spaces: 2
  • Parking Features: Driveway
  • Parking Spaces Total: 2
  • Parking Type: Garage Is Attached, Garage - Two Door

Utilities

  • Sewer: In, Connected & Paid
  • Sprinklers: Sprinkler System
  • Volt 220: In Laundry
  • Water Heater: Water Heater Central
  • Cooling Type: Air Conditioning, Ceiling Fan(s), Central A/C
  • Heating Type: Central Furnace, Forced Air
  • Security: Gated Community

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Katherine Finchy Ele
  • Middle School: Raymond Cree Middle
  • High School: Palm Springs High Sc

Lot Info

  • Lot Description: Fenced Yard, Front Yard, Landscaped, Lot-Level/Flat

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2021
Sold by
Gelhard Lori Jane and Gelhard Michael John
Bought by
Guthrie Michael and Guthrie Kimberly
Current Estimated Value
$7,364,103

Purchase Details

Listed on
Jan 20, 2017
Closed on
Jan 30, 2017
Sold by
Miller Gary M and Miller Terri L
Bought by
Gelhard Lori Jane and Gelhard Michael John
Seller's Agent
Louise Hampton
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Louise Hampton
Berkshire Hathaway HomeServices California Properties
List Price
$2,495,000
Sold Price
$2,220,000
Premium/Discount to List
-$275,000
-11.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.29%

Purchase Details

Closed on
Aug 11, 2016
Sold by
Morrow David M and Morrow Linda B
Bought by
Miller Gary M and Miller Terri L

Purchase Details

Closed on
May 5, 2008
Sold by
Hermosa Place Llc
Bought by
Morrow David M and Morrow Linda B

Purchase Details

Closed on
Dec 26, 2007
Sold by
Morrow David M and Morrow Linda B
Bought by
Hermosa Place Llc

Purchase Details

Closed on
Jun 21, 2006
Sold by
Morrow David M and Morrow Linda B
Bought by
Morrow David M and Morrow Linda B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,386,000
Interest Rate
6.57%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 21, 2005
Sold by
Morrow David M and Morrow Linda B
Bought by
Morrow Md David M and Morrow Linda B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,675,838
Interest Rate
2%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 1, 2004
Sold by
Morrow David M and Morrow Linda B
Bought by
Morrow David M and Morrow Linda B

Purchase Details

Closed on
Jul 10, 1998
Sold by
The Glenwood Ltd Partnership
Bought by
Morrow Md David M and Morrow Linda B
Source: Public Records

Range of Values:

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Average Value
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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
Guthrie Michael $7,000,000 First American Title Company
Gelhard Lori Jane $2,220,000 First American Title Company
Miller Gary M $2,000,000 First American Title Company
Morrow David M -- None Available
Hermosa Place Llc -- Fidelity National Title Co
Morrow David M -- First American Title Company
Morrow Md David M -- Itc Sb
Morrow David M -- --
Morrow Md David M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morrow David M $1,100,000
Previous Owner Morrow David M $1,000,000
Previous Owner Morrow Md David M $1,386,000
Previous Owner Morrow Md David M $1,675,838
Previous Owner Morrow David M $1,000,000
Previous Owner Morrow Md David M $1,067,500
Previous Owner Morrow David M $1,677,500
Previous Owner Morrow Md David M $425,000
Previous Owner Morrow Md David M $695,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2017 03/27/17 Sold $2,220,000 -11.0% $464 / Sq Ft
01/27/2017 01/27/17 Pending -- -- --
01/20/2017 01/20/17 For Sale $2,495,000 -- $521 / 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 $88,827 $7,428,456 $1,857,114 $5,571,342
2023 $88,827 $7,140,000 $1,785,000 $5,355,000
2022 $90,664 $7,000,000 $1,750,000 $5,250,000
2021 $31,370 $2,418,376 $833,099 $1,585,277
2020 $30,015 $2,393,579 $824,557 $1,569,022
2019 $29,028 $2,309,687 $808,390 $1,501,297
2018 $28,476 $2,264,400 $792,540 $1,471,860
2017 $25,299 $2,000,000 $700,000 $1,300,000
2016 $10,118 $795,848 $129,850 $665,998
2015 $9,725 $783,895 $127,900 $655,995
2014 $9,625 $768,542 $125,396 $643,146
Source: Public Records

Agents Affiliated with this Home

  • Louise Hampton

    Seller's Agent in 2017

    Louise Hampton

    Berkshire Hathaway HomeServices California Properties

    (760) 320-4586

    23 in this area

    124 Total Sales

    Louise Hampton
    Section Image
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Map

Source: The MLS

MLS Number: 17-193870PS

The MLS

APN: 505-261-012

California Riverside County Palm Springs 92262 Old Las Palmas

220 W Hermosa Place, Palm Springs, CA

This home is located at 220 W Hermosa Place, Palm Springs, CA 92262 since 20 January 2017 and is currently estimated at $7,364,103, approximately $1,538 per square foot. This property was built in 1976. 220 W Hermosa Place is a home located in Riverside County with nearby schools including Katherine Finchy Elementary School, Raymond Cree Middle School, and Palm Springs High School.

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