NOT LISTED FOR SALE

2962 Searchlight Ln Palm Springs, CA 92264

Araby Commons Neighborhood

Estimated Value: $1,216,963 - $1,360,000

3 Beds
3 Baths
2,412 Sq Ft
$539/Sq Ft Est. Value

Last Sold December 18, 2018

Last sale price $770,000 $319 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $7,857/month

91 Days on Market

About This Home

As of December 2018

Luminaire Encore is situated in a premier south end Palm Springs location off of prestigious Araby Drive near the toe of the mountains. This Plan C home built in 2011 is all on one level and has 3 bedrooms and 2.5 bathrooms on fee land (you own the land). The home features a great room design with the kitchen/dining/living rooms all open to each other for easy entertainment. French doors surround the courtyard and pool. The gourmet kitchen is well appointed with Silestone~ counter tops, stainless steel appliances, tiled back splash and an abundance of cabinet space. The spacious master bedroom includes a sitting area adjacent to the salt water pool/spa perfect for relaxing. This home includes energy efficient appliances, owned roof solar panels and a tank less water heater. Other upgrades include stereo surround sound in great room and front courtyard, retractable patio awning, water softener system, pebble tech/salt water poo and spa, custom closet built-ins.

Last Agent to Sell the Property

Robert Garcia

Bennion Deville Homes License #01827279 Listed on: 08/30/2018

Bennion Deville Homes

Last Buyer's Agent

Stephanie Howard

BD Homes-The Paul Kaplan Group License #01990216

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,922

Year Built

2011

Lot Details

0

Listing Details

  • Active Date: 2018-10-16
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Building Size: 2412.0
  • Building Structure Style: Contemporary
  • Driving Directions: East Palm Canyon to Araby Drive and make a right, turn left into Luminaire which will be Searchlight Lane. Property will be on the left hand side of the street.
  • Full Street Address: 2962 SEARCHLIGHT LN
  • Pool Construction: In Ground
  • Pool Descriptions: Private Pool
  • Primary Object Modification Timestamp: 2018-12-18
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2011

Interior Features

  • Appliances: Range Hood, Microwave, Range
  • Advertising Remarks: Luminaire Encore is situated in a premier south end Palm Springs location off of prestigious Araby Drive near the toe of the mountains. This Plan C home built in 2011 is all on one level and has 3 bedrooms and 2.5 bathrooms on fee land (you own the land).
  • Total Bedrooms: 3
  • Builders Tract Code: 6505
  • Builders Tract Name: LUMINAIRE
  • Fireplace: Yes
  • Levels: One Level
  • Appliances: Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Refrigerator, Washer, Water Conditioner, Water Line to Refrigerator
  • Fireplace Fuel: Gas
  • Floor Material: Carpet
  • Laundry: Individual Room
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 6098
  • Common Walls: Detached/No Common Walls
  • Patio: Covered Porch, Patio Open

Garage/Parking

  • Parking Type: Garage - Two Door

Utilities

  • Cooling Type: Air Conditioning, Ceiling Fan(s)
  • Heating Type: Central Furnace, Fireplace

Condo/Co-op/Association

  • HOA: Yes
  • HOA Fee Frequency: Monthly
  • HOA Fees: 120.0

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2018
Closed on
Nov 30, 2018
Sold by
Gatewood Terry Lane and Guilliams William Keith
Bought by
Kuhn John and Poyer Frank
Seller's Agent
Robert Garcia
Bennion Deville Homes
Buyer's Agent
Stephanie Howard
BD Homes-The Paul Kaplan Group
List Price
$777,500
Sold Price
$770,000
Premium/Discount to List
-$7,500
-0.96%
Current Estimated Value
$1,257,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$487,920
Avg. Annual Appreciation
8.03%

Purchase Details

Listed on
Feb 10, 2012
Closed on
Aug 6, 2012
Sold by
Far West Industries
Bought by
Gatewood Terry Lane and Guilliams William K
Seller's Agent
James Rees
CADO Real Estate
Buyer's Agent
James Rees
CADO Real Estate
List Price
$562,000
Sold Price
$563,714
Premium/Discount to List
$1,714
0.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.03%
Original Mortgage
$417,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2010
Sold by
Palm Springs Village 309 Llc
Bought by
Lissoy Albert O and Lissoy Family Trust

Purchase Details

Closed on
Dec 13, 2010
Sold by
Crv Palm Springs Lp
Bought by
Palm Springs Village 309 Llc
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
Kuhn John $770,000 Orange Coast Title Company
Gatewood Terry Lane $564,000 First American Title Nhs
Far West Industries -- First American Title Nhs
Lissoy Albert O -- None Available
Palm Springs Village 309 Llc $2,050,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poyer Frank $50,000
Previous Owner Gatewood Terry Lane $417,000
Previous Owner Gatewood Terry Lane $122,900
Previous Owner Gatewood Terry Lane $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2018 12/18/18 Sold $770,000 -1.0% $319 / Sq Ft
11/29/2018 11/29/18 For Sale $777,500 0.0% $322 / Sq Ft
11/29/2018 11/29/18 Pending -- -- --
11/06/2018 11/06/18 Price Changed $777,500 -0.3% $322 / Sq Ft
09/28/2018 09/28/18 Price Changed $780,000 -0.6% $323 / Sq Ft
08/30/2018 08/30/18 For Sale $785,000 +39.3% $325 / Sq Ft
08/10/2012 08/10/12 Sold $563,714 0.0% $234 / Sq Ft
07/15/2012 07/15/12 Pending -- -- --
03/09/2012 03/09/12 Price Changed $563,714 +0.3% $234 / Sq Ft
02/10/2012 02/10/12 For Sale $562,000 -- $233 / Sq Ft
Source: Palm Springs Regional Association of Realtors

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 $10,922 $1,634,227 $83,661 $1,550,566
2023 $10,922 $825,592 $80,413 $745,179
2022 $11,129 $809,405 $78,837 $730,568
2021 $10,898 $793,536 $77,292 $716,244
2020 $10,411 $785,400 $76,500 $708,900
2019 $10,314 $770,000 $75,000 $695,000
2018 $8,229 $610,390 $152,596 $457,794
2017 $8,095 $598,422 $149,604 $448,818
2016 $7,849 $586,689 $146,671 $440,018
2015 $7,547 $577,878 $144,469 $433,409
2014 $7,463 $566,560 $141,640 $424,920
Source: Public Records

Agents Affiliated with this Home

  • Robert Garcia

    Seller's Agent in 2018

    Robert Garcia

    Bennion Deville Homes

    (510) 219-0991

    2 in this area

    35 Total Sales

    Section Image
  • Stephanie Howard

    Buyer's Agent in 2018

    Stephanie Howard

    BD Homes-The Paul Kaplan Group

    (323) 445-9428

    36 Total Sales

    Section Image

  • J

    Seller's Agent in 2012

    James Rees

    CADO Real Estate

See All Agents

Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 18-377932PS

APN: 510-360-031

California Riverside County Palm Springs 92264 Araby Commons

2962 Searchlight Ln, Palm Springs, CA

This home is located at 2962 Searchlight Ln, Palm Springs, CA 92264 since 30 August 2018 and is currently estimated at $1,299,491, approximately $538 per square foot. This property was built in 2011. 2962 Searchlight Ln is a home located in Riverside County with nearby schools including Cahuilla Elementary School, Raymond Cree Middle School, and Palm Springs High School.

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