NOT LISTED FOR SALE

2242 N Palermo Dr Palm Springs, CA 92262

Chino Canyon Neighborhood

Estimated Value: $379,000 - $771,000

0.46 Acre
$1,218,287 Price per Acre
20,038 Sq Ft Lot

Last Sold March 30, 2018

Last sale price $299,000

Est. 87% increase in value since last sale

Current estimated payment $3,391/month

248 Days on Market

About This Lot

As of March 2018

Excellent lot high up in scenic Chino Canyon/Little Tuscany. Lots of possibilities here. Current owner has concept for a sleek, modern home. Dramatic mountain views and some valley and city views. This is an eclectic neighborhood just minutes from re-energized uptown & downtown but with a rural architectural feel. Beautiful boulders make a natural privacy wall and there is a superb place to create the home. Being on a corner gives you easy access to site the home as you best see fit. Previously approved floor height was 719.6 ft. above sea level which is close to the home on the north of Via Olivera. Water main is in with irrigation system. Nearly One Half Acre. 20,037 Sq Ft / FEE Land / No HOA

Last Agent to Sell the Property

Scott Lyle

Compass License #00700215 Listed on: 06/15/2017

Compass

Last Buyer's Agent

Brett Kayzar

Compass License #01971448

Compass

Property Details

Property Type

Land

Est. Annual Taxes

$4,056

Lot Details

0

Listing Details

  • Cross Street: VIA OLIVERA
  • Active Date: 2017-06-15
  • Auto Sell: No
  • Credit Report Required: No
  • Current Geological: No
  • Driving Directions: From downtown Palm Springs: North on Palm Canyon Drive. LEFT/West on Via Olivera. Up the hill. Lot on SE corner of Via Olivera & Palermo, on left.
  • Elevators: No
  • Full Street Address: 2242 N Palermo DR
  • Land Fee Lease: Fee
  • Land Included: No
  • Land Lease Purchase: No
  • Lot Location: Hillside, Corner Lot, Rocks, Varied
  • Manager Approval: No
  • Mobile Home To Remain: No
  • Month To Month: No
  • Primary Object Modification Timestamp: 2018-04-02
  • Public Street: No
  • Staked: No
  • Street Lights: No
  • Telephone Service: In Street
  • View Type: City Lights View, Mountain View
  • Water Filled Furn Ins Required: No
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • ADA Accessible: No
  • Additions Alterations: No
  • Advertising Remarks: Excellent lot high up in scenic Chino Canyon/Little Tuscany. Lots of possibilities here. Current owner has concept for a sleek, modern home. Dramatic mountain views and some valley and city views. This is an eclectic neighborhood just minutes from re-ener
  • Alley: No
  • Builders Tract Code: 4975
  • Builders Tract Name: CHINO CANYON
  • Building Permit: No
  • Fireplace: No
  • Paved: No
  • Spa: No
  • Water Heaters: No
  • Pool: No

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 20037
  • Water: District/Public

Utilities

  • Water District: DESERT WATER
  • Electric: On Property
  • Gas: In Street
  • Water Well: No

Condo/Co-op/Association

  • HOA: No

Schools

  • High School: Palm Springs High Sc

Lot Info

  • Lot Description: Street Asphalt

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2017
Closed on
Feb 21, 2018
Sold by
Mjc Holdings Llc
Bought by
Ossman Susan
Seller's Agent
Scott Lyle
Compass
Buyer's Agent
Brett Kayzar
Compass
List Price
$299,000
Sold Price
$299,000
Current Estimated Value
$560,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,412
Avg. Annual Appreciation
8.84%
Original Mortgage
$239,200
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 12, 2016
Closed on
Nov 30, 2016
Sold by
Nichols Gene M and Nichols Vicki L
Bought by
Mjc Holdings Llc
Seller's Agent
Scott Lyle
Compass
Buyer's Agent
Gregory Gerber
Lux Int Real Estate
List Price
$239,000
Sold Price
$229,000
Premium/Discount to List
-$10,000
-4.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.37%
Source: Public Records

Range of Values:

Collateral Analytics

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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
Ossman Susan $299,000 Equity Title Company
Mjc Holdings Llc $229,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ossman Susan $1,280,000
Closed Ossman Susan $239,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $299,000 0.0% --
02/18/2018 02/18/18 Pending -- -- --
06/15/2017 06/15/17 For Sale $299,000 +30.6% --
12/20/2016 12/20/16 Sold $229,000 -4.2% --
11/23/2016 11/23/16 Pending -- -- --
08/12/2016 08/12/16 For Sale $239,000 -- --
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 $4,056 $340,207 $340,207 --
2023 $4,056 $326,998 $326,998 $0
2022 $4,140 $320,587 $320,587 $0
2021 $4,054 $314,301 $314,301 $0
2020 $3,866 $311,079 $311,079 $0
2019 $3,798 $304,980 $304,980 $0
2018 $2,910 $233,580 $233,580 $0
2017 $2,867 $229,000 $229,000 $0
2016 $739 $59,713 $59,713 $0
2015 $712 $58,817 $58,817 $0
2014 $706 $57,666 $57,666 $0
Source: Public Records

Agents Affiliated with this Home

  • Scott Lyle

    Seller's Agent in 2018

    Scott Lyle

    Compass

    (760) 333-8454

    3 in this area

    51 Total Sales

    Scott Lyle
    Section Image

  • B

    Buyer's Agent in 2018

    Brett Kayzar

    Compass

    (760) 835-4835

    41 Total Sales

    Brett Kayzar
    Section Image
  • Gregory Gerber

    Buyer's Agent in 2016

    Gregory Gerber

    Lux Int Real Estate

    (760) 899-4300

    1 Total Sale

    Gregory Gerber
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 17-241996PS

The MLS

APN: 504-191-010

California Riverside County Palm Springs 92262 Chino Canyon

2242 N Palermo Dr, Palm Springs, CA

This home is located at 2242 N Palermo Dr, Palm Springs, CA 92262 since 15 June 2017 and is currently estimated at $560,412. 2242 N Palermo Dr 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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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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