NOT LISTED FOR SALE

240 E Ocotillo Ave Palm Springs, CA 92264

Tahquitz River Estates Neighborhood

Estimated Value: $1,729,000 - $2,671,000

6 Beds
6 Baths
3,756 Sq Ft
$638/Sq Ft Est. Value

Last Sold November 23, 2016

Last sale price $1,350,000 $359 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $14,275/month

220 Days on Market

About This Home

As of November 2016

Hidden behind block walls and iron gates is this rare Spanish Hacienda on a double (appx) half acre lot located in south Palm Springs. The original 2 bedroom 1 bath bungalow with hand troweled plaster and stucco finishes, coffered ceilings, hardwood floors and clay tile roof was built in 1936. Today the main home is approximately 2,780 square feet with 3 bedrooms (2 w/ensuite bathrooms), a formal living room with wood burning fireplace, a music room with a vintage built in dry bar cabinet, a country style kitchen/great room with 15 sets of French doors opening to the outside, a pool/guest bath and a pool house/office. In 2006 a full property restoration/buildout of the Carriage House wing was completed to include 3 guest casitas, each with a private bath and outside entry patios expanding the Hacienda to (appx) 3,756 square feet. An oversized 3 car garage and off street parking for 6 guest vehicles behind the motorized steel drive gate makes this truly a one of a kind family compound.

Last Agent to Sell the Property

Patrick Jordan

Bennion Deville Homes License #1726623T Listed on: 03/01/2016

Bennion Deville Homes

Last Buyer's Agent

Dan Valentino

Valentino & Valentino R E License #00697107

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,022

Year Built

1936

Lot Details

0

Listing Details

  • Active Date: 2016-03-01
  • Full Bathroom: 6
  • Building Size: 3756.0
  • Building Structure Style: Spanish
  • Driving Directions: From Palm Canyon East on Ocotillo, property is on the North side of the street.
  • Full Street Address: 240 E OCOTILLO AVE
  • Lot Dimension Description: 135x150
  • Pool Construction: In Ground
  • Pool Descriptions: Heated, Private Pool
  • Primary Object Modification Timestamp: 2016-11-23
  • Spa Construction: Above Ground
  • Spa Descriptions: Hot Tub
  • View Type: Mountain View, Pool View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1936

Interior Features

  • Bathroom Features: Shower Stall
  • Eating Areas: Dining Area, Breakfast Counter / Bar
  • Appliances: Built-Ins, Range, Built-In Gas, Oven
  • Advertising Remarks: Hidden behind block walls and iron gates is this rare Spanish Hacienda on a double (appx) half acre lot located in south Palm Springs. The original 2 bedroom 1 bath bungalow with hand troweled plaster and stucco finishes, coffered ceilings, hardwood floor
  • Total Bedrooms: 6
  • Builders Tract Code: 7000
  • Builders Tract Name: TAHQUITZ RIVER ESTAT
  • Fireplace: Yes
  • Levels: Ground Level
  • Spa: Yes
  • Interior Amenities: Bar, Pre-wired for high speed Data
  • Fireplace Rooms: Living Room
  • Appliances: Dishwasher, Garbage Disposal
  • Fireplace Features: Fire Pit
  • Fireplace Fuel: Wood
  • Floor Material: Hardwood, Pavers
  • Kitchen Features: Open to Family Room
  • Laundry: Inside, Individual Room
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 20038
  • Common Walls: Detached/No Common Walls
  • Direction Faces: Faces South
  • Other Structures: GuestHouse, Pool House
  • Patio: Covered Porch, Covered
  • Fence: Block Wall
  • Water: District/Public

Garage/Parking

  • Other Spaces: 6
  • Parking Features: Driveway
  • Parking Type: Garage - Three Door

Utilities

  • Sewer: In, Connected & Paid
  • Sprinklers: Sprinkler System
  • TV Svcs: Cable TV
  • Cooling Type: Air Conditioning, Ceiling Fan(s), Evaporative, Zoned A/C
  • Heating Type: Central Furnace, Forced Air, Zoned
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated Community, Security System - Owned

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2016
Closed on
Oct 17, 2016
Sold by
Childs Brian F
Bought by
Wander Errol and The Dynamo Trust
Seller's Agent
Patrick Jordan
Bennion Deville Homes
Buyer's Agent
Dan Valentino
Valentino & Valentino R E
List Price
$1,500,000
Sold Price
$1,350,000
Premium/Discount to List
-$150,000
-10%
Current Estimated Value
$2,396,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,046,384
Avg. Annual Appreciation
6.64%

Purchase Details

Closed on
Dec 2, 2003
Sold by
Elliott Larry W
Bought by
Childs Brian F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 2002
Sold by
Patler Neal and Patler Terry Ann
Bought by
Elliott Larry W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,600
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
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
Wander Errol $1,350,000 Orange Coast Title Insurance
Childs Brian F $735,000 Chicago Title Co
Elliott Larry W $387,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Childs Brian F $400,000
Previous Owner Elliott Larry W $309,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2016 11/23/16 Sold $1,350,000 -5.3% $359 / Sq Ft
10/07/2016 10/07/16 Pending -- -- --
08/30/2016 08/30/16 Price Changed $1,425,000 -5.0% $379 / Sq Ft
03/01/2016 03/01/16 For Sale $1,500,000 -- $399 / 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 $20,022 $1,656,987 $394,595 $1,262,392
2023 $20,022 $1,592,646 $379,273 $1,213,373
2022 $20,431 $1,561,419 $371,837 $1,189,582
2021 $18,937 $1,447,471 $364,547 $1,082,924
2020 $18,072 $1,432,630 $360,810 $1,071,820
2019 $17,757 $1,404,540 $353,736 $1,050,804
2018 $17,421 $1,377,000 $346,800 $1,030,200
2017 $17,162 $1,350,000 $340,000 $1,010,000
2016 $11,309 $899,000 $397,000 $502,000
2015 $11,154 $899,000 $397,000 $502,000
2014 $10,301 $819,000 $362,000 $457,000
Source: Public Records

Agents Affiliated with this Home

  • Patrick Jordan

    Seller's Agent in 2016

    Patrick Jordan

    Bennion Deville Homes

    (760) 325-9091

    6 in this area

    269 Total Sales

    Patrick Jordan
    Section Image
  • Dan Valentino

    Buyer's Agent in 2016

    Dan Valentino

    Valentino & Valentino R E

    (760) 831-9660

    49 Total Sales

    Dan Valentino
    Section Image

  • D

    Buyer Co-Listing Agent in 2016

    Debi Valentino

    Valentino & Valentino R E

    (760) 831-9660

    50 Total Sales

    Debi Valentino
    Section Image
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Map

Source: The MLS

MLS Number: 16-100660PS

The MLS

APN: 508-292-034

California Riverside County Palm Springs 92264 Tahquitz River Estates

240 E Ocotillo Ave, Palm Springs, CA

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