NOT LISTED FOR SALE

Estimated Value: $498,000 - $518,000

2 Beds
2.5 Baths
1,387 Sq Ft
1,115 Sq Ft Lot

Last Sold January 08, 2018

Last sale price $294,000 $212 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,288/month

Highlights

  • Fitness Center
  • Spa
  • Mountain View
  • Palm Springs High School Rated A-
  • Midcentury Modern Architecture
  • Fireplace in Bathroom

About This Home

As of October 2020

Located in the modern community of Palermo. This 2bed/2.5bath, 2- story townhome has it all. In- unit laundry room on the second floor and features GE washer and dryer. Kitchen is equipped with a refrigerator, microwave, gas cooking range, dishwasher and drinking water filtration system. Two en- suite bedrooms upstairs, plus a loft area great for a home office. The second floor patio/deck area is a perfect place to relax and enjoy the unobstructed view of the mountains and windmills. This home has the largest floor plan in the community and boasts a 19- 1/2ft high ceiling and window. Attached one car garage with direct access. The backyard has a beautiful glass fireplace. Great spot to gather around and entertain your guests. Palermo features a clubhouse, pool table, fitness center, 2 pools and spas. Easy freeway access and close to the Palm Springs Tramway, hotels and just minutes to Downtown Palm Springs.

Last Agent to Rent the Property

Cindy Chang

REAL ESTATE EBROKER, INC. License #01885399 Listed on: 09/03/2020

Last Renter's Agent

Jamaica Marie

HomeSmart Professionals License #00948323

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,177

Year Built

  • Built in 2007

Lot Details

  • 1,115

Parking

  • 1 Car Attached Garage
  • Parking Available

Property Views

  • Mountain
  • Desert

Home Design

  • Midcentury Modern Architecture
  • Flat Roof Shape

Interior Spaces

  • 1,387 Sq Ft Home
  • 2-Story Property
  • Bar
  • Electric Fireplace
  • Gas Fireplace
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Dishwasher
  • Disposal
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Additional Features

  • Spa
  • 1 Common Wall
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $2,500
  • Rent includes association dues, gardener, sewer, trash collection
  • 12-Month Minimum Lease Term
  • Available 9/7/20
  • Tax Lot 141
  • Tax Tract Number 33561
  • Assessor Parcel Number 669721057

Community Details

Overview

  • Property has a Home Owners Association
  • 117 Units
  • Palermo Subdivision

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit $200
  • Dogs Allowed
  • Breed Restrictions

Condo Details

Home Type

Condominium

Est. Annual Taxes

$6,177

Year Built

Built in 2007

Lot Details

0

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2020-09-07
  • Credit Check Paid By: Tenant
  • Deposit Key: 100
  • Deposit Pets: 200
  • Deposit Security: 2500
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Dogs OK, Number Limit, Size Limit
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • Subdivision Name Other: Palermo (33112)
  • View: Yes
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 669721057
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1387.00 Square Feet
  • Interior Amenities: Bar
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area, Breakfast Counter / Bar
  • Fireplace Features: Bath, Kitchen, Living Room, Electric, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1.41
  • Room Type: All Bedrooms Up
  • Spa Features: Association

Exterior Features

  • View: Desert, Mountain(s)
  • Pool Features: Association
  • Pool Private: No
  • Roof: Flat
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal
  • Heating Type: Central
  • Laundry Features: Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Gym/Ex Room
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Schools

  • School District: Palm Springs Unified

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 1116.00
  • Lot Size Acres: 0.0256

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 1116.0000 Square Feet
  • Number Of Units In Community: 117
  • Number Of Units Total: 117
  • Rent Includes: Association Dues, Gardener, Sewer, Trash Collection

Tax Info

  • Tax Census Tract: 446.05
  • Tax Lot: 141
  • Tax Tract Number: 33561

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2021
Sold by
Wpos Llc
Bought by
Brown Joshua
Current Estimated Value
$508,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Outstanding Balance
$346,018
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$162,969

Purchase Details

Listed on
Oct 17, 2017
Closed on
Dec 20, 2017
Sold by
Pettit Alan P
Bought by
Wpos Llc
Seller's Agent
Stephen Powell
Fathom Realty Group Inc.
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$327,000
Sold Price
$294,000
Premium/Discount to List
-$33,000
-10.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%

Purchase Details

Closed on
Sep 21, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Pettit Alan P

Purchase Details

Closed on
Feb 23, 2010
Sold by
Landauer Todd A
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Feb 22, 2010
Sold by
Wells Fargo Bank Na
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Mar 27, 2008
Sold by
Ps Venture Indian Canyon/San Rafael Llc
Bought by
Lanauer Todd A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Brown Joshua $430,000 Chicago Title Company
Wpos Llc $294,000 North American Title Company
Pettit Alan P $169,000 Ticor Title
Wells Fargo Bank Na $360,000 None Available
Federal Home Loan Mortgage Corp -- None Available
Lanauer Todd A $400,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Joshua $380,000
Previous Owner Pettit Alan P $226,902
Previous Owner Pettit Alan P $116,500
Previous Owner Lanauer Todd A $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2020 10/01/20 Rented $1,950 0.0% --
09/29/2020 09/29/20 Under Contract -- -- --
09/03/2020 09/03/20 For Rent $1,950 0.0% --
04/30/2019 04/30/19 Rented $1,950 0.0% --
04/23/2019 04/23/19 Under Contract -- -- --
04/15/2019 04/15/19 For Rent $1,950 0.0% --
01/08/2018 01/08/18 Sold $294,000 -1.0% $212 / Sq Ft
01/01/2018 01/01/18 Pending -- -- --
12/07/2017 12/07/17 Price Changed $297,000 -2.6% $214 / Sq Ft
11/20/2017 11/20/17 Price Changed $305,000 -3.2% $220 / Sq Ft
11/02/2017 11/02/17 Price Changed $315,000 -3.7% $227 / Sq Ft
10/17/2017 10/17/17 For Sale $327,000 -- $236 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,177 $456,319 $47,754 $408,565
2023 $6,177 $438,600 $45,900 $392,700
2022 $6,254 $430,000 $45,000 $385,000
2021 $4,646 $309,045 $77,261 $231,784
2020 $4,447 $305,877 $76,469 $229,408
2019 $4,371 $299,880 $74,970 $224,910
2018 $2,910 $190,284 $47,569 $142,715
2017 $2,860 $186,554 $46,637 $139,917
2016 $2,781 $182,897 $45,723 $137,174
2015 $2,668 $180,151 $45,037 $135,114
2014 $2,624 $176,623 $44,155 $132,468
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20182442

California Regional Multiple Listing Service (CRMLS)

APN: 669-721-057