2962 Searchlight Ln Palm Springs, CA 92264
Araby Commons Neighborhood
3
Beds
2.5
Baths
2,410
Sq Ft
6,300
Sq Ft Lot
Highlights
- Heated Spa
- Primary Bedroom Suite
- Contemporary Architecture
- Palm Springs High School Rated A-
- Mountain View
- Cathedral Ceiling
About This Home
As of December 2018Construction is completed on this home and it is ready for immediate occupancy. Luminaire Encore-27 new homes currently under construction in this very desirable South Palm Springs location. Energy efficiency is the key word in the design of each 2 and/or 3 bedroom home. Each home is Solar Powered by roof mounted solar panels designed to produce up to about 60% of these home's electrical usage. An approximate $6,000 first year tax credit is available to homeowners along with an appreciable annual property tax reduction. Tankless water heaters, variable speed pool pumps, low flush volume toilets and Energy Star appliances top the list of energy efficient items included. Enjoy your own private swimming pool with spa. Versatile floor plans allow homebuyers to choose various room configurations. A wide range of standard features and options are currently available for buyer selection.
Last Agent to Sell the Property
James Rees
CADO Real Estate License #00512448 Listed on: 02/10/2012
Last Buyer's Agent
James Rees
CADO Real Estate License #00512448 Listed on: 02/10/2012
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,922
Year Built
- Built in 2011
Lot Details
- 6,300 Sq Ft Lot
- North Facing Home
- Block Wall Fence
- Level Lot
- Drip System Landscaping
HOA Fees
- $102 Monthly HOA Fees
Parking
- Attached Garage
Home Design
- Contemporary Architecture
- Modern Architecture
- Stucco Exterior
Interior Spaces
- 2,410 Sq Ft Home
- 1-Story Property
- Cathedral Ceiling
- Double Pane Windows
- Entryway
- Great Room
- Den
- Mountain Views
Kitchen
- Water Line To Refrigerator
- Dishwasher
- Kitchen Island
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- Double Vanity
- Low Flow Toliet
- Secondary bathroom tub or shower combo
- Shower Only in Secondary Bathroom
Laundry
- Laundry Room
- Gas Dryer Hookup
Pool
- Heated Spa
- Outdoor Pool
Utilities
- Forced Air Heating and Cooling System
- Property is located within a water district
- Tankless Water Heater
- Cable TV Available
Additional Features
- Energy-Efficient Construction
- Covered Patio or Porch
- Ground Level
Community Details
- Built by Far West Industries
- Luminaire Subdivision, Scene 3 Floorplan
- On-Site Maintenance
Listing and Financial Details
- Assessor Parcel Number 510360031
- Special Tax Authority
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$529,491
Avg. Annual Appreciation
8.09%
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
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $770,000 | Orange Coast Title Company | |
| Grant Deed | $564,000 | First American Title Nhs | |
| Quit Claim Deed | -- | First American Title Nhs | |
| Quit Claim Deed | -- | None Available | |
| Trustee Deed | $2,050,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $50,000 | Credit Line Revolving | |
| Previous Owner | $417,000 | New Conventional | |
| Previous Owner | $122,900 | Credit Line Revolving | |
| Previous Owner | $417,000 | New Conventional |
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: California Desert Association of REALTORS®
Tax History Compared to Growth
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 | $858,944 | $83,661 | $775,283 |
| 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
34 Total Sales
-
Stephanie Howard
Buyer's Agent in 2018
Stephanie Howard
BD Homes-The Paul Kaplan Group
(323) 445-9428
35 Total Sales
-
J
Seller's Agent in 2012
James Rees
CADO Real Estate
Map
Source: California Desert Association of REALTORS®
MLS Number: 21447660
APN: 510-360-031
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