NOT LISTED FOR SALE

288 W Hermosa Place Palm Springs, CA 92262

Old Las Palmas Neighborhood

Estimated Value: $2,215,920 - $2,939,000

3 Beds
3 Baths
2,198 Sq Ft
$1,159/Sq Ft Est. Value

Last Sold May 11, 2016

Last sale price $1,235,000 $562 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $15,323/month

82 Days on Market

About This Home

As of May 2016

OLD Las Palmas circa 1953 Mid-Century Modern home. This private home behind walls & gates, has been carefully restored and offers the perfect desert lifestyle for either intimate, peaceful living or fantastic entertaining. Concrete floors & walls of glass set the theme of this very special retreat offering Lg. SW facing/front yard pool, spa, lawns/grounds & covered lanais for enjoyment of wide open mountain views. Lg. master suite w/walk-in closet plus addtl. guest suite in West wing. East wing offers 1 guest room & den/tv lounge w/separate bathroom. Renovated vintage-styled kitchen. Living/dining room offers stone fireplace, multiple seating configurations along with full wall of sliding glass doors. Bathrooms retain original 50's tile. At this price, a home of this renewed splendor is a rare find in this neighborhood of multi-million dollar estates. Offered Furnished

Last Agent to Sell the Property

Scott Lyle

Compass License #00700215 Listed on: 12/28/2015

Compass

Last Buyer's Agent

Gary Johns

BD Homes-The Paul Kaplan Group License #00594206

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,697

Year Built

1953

Lot Details

0

Parking

2

Listing Details

  • Cross Street: NORTH PALM CANYON
  • Entry Location: Ground Level - no steps
  • Active Date: 2015-12-28
  • Full Bathroom: 1
  • Three Quarter Bathrooms: 2
  • Building Size: 2198.0
  • Building Structure Style: Mid Century
  • Driving Directions: North Palm Canyon Dr. from downtown/Alejo. Left on Hermosa Place. Stay to the right. Home is on the right.
  • Full Street Address: 288 W HERMOSA PL
  • Pool Descriptions: Private Pool
  • Primary Object Modification Timestamp: 2016-05-12
  • Spa Descriptions: Private Spa
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1953

Interior Features

  • Bathroom Features: Double Vanity(s), Shower and Tub, Shower Stall, Tile
  • Bedroom Features: WalkInCloset
  • Eating Areas: Dining Area
  • Appliances: Range Hood, Microwave
  • Advertising Remarks: OLD Las Palmas circa 1953 Mid-Century Modern home. This private home behind walls & gates, has been carefully restored and offers the perfect desert lifestyle for either intimate, peaceful living or fantastic entertaining. Concrete floors & walls of glas
  • Total Bedrooms: 3
  • Builders Tract Code: 5650
  • Builders Tract Name: OLD LAS PALMAS
  • Fireplace: Yes
  • Spa: Yes
  • Interior Amenities: Furnished
  • Fireplace Rooms: Living Room
  • Appliances: Dishwasher, Dryer, Garbage Disposal, Washer
  • Floor Material: Concrete Slab
  • Kitchen Features: Tile Counters
  • Laundry: Individual Room
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 11326
  • Common Walls: Detached/No Common Walls
  • Direction Faces: Faces South
  • Construction: Stucco
  • Foundation: Foundation - Concrete Slab
  • Patio: Covered Porch, Covered
  • Fence: Block Wall
  • Windows: Custom Window Covering, Drapes/Curtains
  • Roofing: Concrete Tile
  • Water: District/Public

Garage/Parking

  • Other Spaces: 2
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2
  • Parking Spaces Total: 4
  • Parking Type: Garage - Two Door

Utilities

  • Sewer: In, Connected & Paid
  • Water District: DESERT WATER
  • Sprinklers: Sprinkler System
  • TV Svcs: Cable TV
  • Water Heater: Gas
  • Cooling Type: Air Conditioning, Central A/C
  • Heating Type: Central Furnace
  • Security: 24 Hour, Fire and Smoke Detection System, Prewired for alarm system, Smoke Detector

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2018
Sold by
Napoleon Restaurants Inc
Bought by
Villa Campana Llc
Current Estimated Value
$2,546,480

Purchase Details

Listed on
Dec 28, 2015
Closed on
Mar 23, 2016
Sold by
Lee Catherine Jose Fiona and Lee Mark Andrew Christopher
Bought by
Napoleon Restaurants Inc
Seller's Agent
Scott Lyle
Compass
Buyer's Agent
Gary Johns
BD Homes-The Paul Kaplan Group
List Price
$1,295,000
Sold Price
$1,235,000
Premium/Discount to List
-$60,000
-4.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.07%

Purchase Details

Listed on
May 28, 2013
Closed on
Jul 17, 2013
Sold by
Rich R Michael and Rich Susan
Bought by
Lee Catherine Jose Fiona and Lee Mark Andrew Christopher
Seller's Agent
Scott Lyle
Compass
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$1,095,000
Sold Price
$975,000
Premium/Discount to List
-$120,000
-10.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.01%

Purchase Details

Closed on
Jan 11, 2012
Sold by
Walker Patricia Frazier
Bought by
Rich R Michael and Rich Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,000
Interest Rate
3.83%
Mortgage Type
New Conventional
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
Villa Campana Llc -- None Available
Napoleon Restaurants Inc $1,235,000 First American Title Company
Lee Catherine Jose Fiona $946,000 First American Title
Rich R Michael $610,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rich R Michael $366,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2016 05/11/16 Sold $1,235,000 -4.6% $562 / Sq Ft
12/28/2015 12/28/15 For Sale $1,295,000 +32.8% $589 / Sq Ft
08/14/2013 08/14/13 Sold $975,000 -11.0% $444 / Sq Ft
07/12/2013 07/12/13 Pending -- -- --
05/28/2013 05/28/13 For Sale $1,095,000 +79.5% $498 / Sq Ft
03/31/2012 03/31/12 Sold $610,000 0.0% $278 / Sq Ft
03/31/2012 03/31/12 Off Market $610,000 -- --
11/27/2011 11/27/11 Price Changed $675,000 -13.4% $307 / Sq Ft
10/15/2011 10/15/11 Price Changed $779,000 -2.5% $354 / Sq Ft
10/14/2011 10/14/11 Price Changed $799,000 -7.6% $364 / Sq Ft
09/19/2011 09/19/11 For Sale $865,000 -- $394 / 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 $17,697 $1,461,983 $511,693 $950,290
2023 $17,697 $1,405,214 $491,824 $913,390
2022 $18,058 $1,377,662 $482,181 $895,481
2021 $17,688 $1,350,650 $472,727 $877,923
2020 $16,881 $1,336,801 $467,880 $868,921
2019 $16,587 $1,310,590 $458,706 $851,884
2018 $16,273 $1,284,893 $449,712 $835,181
2017 $16,032 $1,259,700 $440,895 $818,805
2016 $12,389 $979,251 $342,737 $636,514
2015 $11,912 $964,544 $337,590 $626,954
2014 $11,794 $945,652 $330,978 $614,674
Source: Public Records

Agents Affiliated with this Home

  • Scott Lyle

    Seller's Agent in 2016

    Scott Lyle

    Compass

    (760) 333-8454

    1 in this area

    50 Total Sales

    Scott Lyle
    Section Image

  • G

    Buyer's Agent in 2016

    Gary Johns

    BD Homes-The Paul Kaplan Group

    (760) 327-7290

    3 in this area

    98 Total Sales

    Gary Johns
    Section Image

  • N

    Buyer's Agent in 2013

    NonMember AgentDefault

    NonMember OfficeDefault

  • J

    Seller's Agent in 2012

    John McDonald

    Coldwell Banker Realty

    Section Image
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Map

Source: The MLS

MLS Number: 15-967171PS

The MLS

APN: 505-261-014

California Riverside County Palm Springs 92262 Old Las Palmas

288 W Hermosa Place, Palm Springs, CA

This home is located at 288 W Hermosa Place, Palm Springs, CA 92262 since 28 December 2015 and is currently estimated at $2,546,480, approximately $1,158 per square foot. This property was built in 1953. 288 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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