NOT LISTED FOR SALE

2982 Searchlight Ln Palm Springs, CA 92264

Araby Commons Neighborhood

Estimated Value: $1,307,239 - $1,740,000

3 Beds
4 Baths
3,186 Sq Ft
$460/Sq Ft Est. Value

Last Sold February 14, 2014

Last sale price $750,000 $235 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $8,755/month

105 Days on Market

About This Home

As of February 2014

Price reduced! $2.35 sq ft!Luminaire Community of South Palm Springs. This DREAM HOME offers sleek clean lines with an open floor plan. Enter through a gated courtyard into a beautiful contemporary Palm Springs getaway. The large covered courtyard features outdoor stainless fireplace and sitting area with fountain, and access to the upstairs private guest quarters/second master suite. The spacious upstairs offers breathtaking panoramic views of the surrounding mountains that includes it's own covered patio with ceiling fan. Main floor offers spacious Great Room with fireplace and large formal dining room. The kitchen boasts stainless steel appl. and granite countertops. Expansive Master suite includes sitting room/study area. Second bedroom opens to your backyard oasis to enjoy your private salt water pool and spa with views of the San Jacinto Mountains. 3 individual AC units! Also features a separate 2 car insulated garage with epoxy coated flooring. Fee Land.

Last Agent to Sell the Property

Gary Zeugschmidt

Sunset Cliffs Realty License #602384 Listed on: 10/04/2013

Last Buyer's Agent

Louise Hampton

Berkshire Hathaway HomeServices California Properties License #00802409T

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,727

Year Built

2006

Lot Details

0

Listing Details

  • Active Date: 2013-10-04
  • Full Bathroom: 3
  • Half Bathroom: 1
  • Building Size: 3186.0
  • Building Structure Style: Contemporary
  • Driving Directions: Hwy 111 to Araby Drive to Luminaire straight to Searhlight Lane
  • Full Street Address: 2982 SEARCHLIGHT LN
  • Pool Construction: In Ground
  • Pool Descriptions: Heated - Gas
  • Primary Object Modification Timestamp: 2015-10-14
  • Spa Descriptions: Heated - Gas
  • Total Number of Units: 1
  • View Type: Mountain View, Panoramic View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2006

Interior Features

  • Bathroom Features: 2 Master Baths
  • Bedroom Features: 2 Master Bedrooms, WalkInCloset
  • Eating Areas: Formal Dining Rm, Kitchen Island
  • Appliances: Microwave, Built-In Electric, Built-In Gas, Built-Ins, Cooktop - Gas, Oven-Electric, Range Hood, Self Cleaning Oven
  • Advertising Remarks: Price reduced! $2.35 sq ft!Luminaire Community of South Palm Springs. This DREAM HOME offers sleek clean lines with an open floor plan. Enter through a gated courtyard into a beautiful contemporary Palm Springs getaway. The large covered courtyard featu
  • Total Bedrooms: 3
  • Builders Tract Code: 6505
  • Builders Tract Name: LUMINAIRE
  • Fireplace: Yes
  • Spa: Yes
  • Interior Amenities: Open Floor Plan, Pre-wired for surround sound, Recessed Lighting, Turnkey
  • Fireplace Rooms: Great Room, Patio
  • Appliances: Garbage Disposal, Gas Dryer Hookup, Refrigerator, Vented Exhaust Fan, Water Line to Refrigerator
  • Floor Material: Carpet, Ceramic Tile, Marble
  • Kitchen Features: Granite Counters, Island
  • Laundry: Individual Room
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 6098
  • Common Walls: Detached/No Common Walls
  • Direction Faces: Faces South
  • Construction: Plaster
  • Foundation: Foundation - Concrete Slab
  • Other Features: Balcony
  • Other Structures: GuestHouse, Guest House Attached
  • Patio: Covered Porch
  • Fence: Block Wall
  • Windows: Double Pane Windows
  • Water: Meter on Property

Garage/Parking

  • Parking Features: Garage Door Opener, Driveway
  • Parking Type: Garage - Two Door

Utilities

  • Sewer: In Street Paid
  • Sprinklers: Sprinkler System
  • Water Heater: Gas
  • Cooling Type: Air Conditioning, Ceiling Fan(s), Central A/C, Gas, Zoned A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Security: Fire Sprinklers, Smoke Detector

Condo/Co-op/Association

  • HOA: No
  • HOA Fee Frequency: Monthly
  • Association Rules: Assoc Pet Rules
  • Association Name: Luminaire
  • HOA Fees: 102.0

Schools

  • High School: Palm Springs High Sc

Lot Info

  • Lot Description: Utilities Underground

Multi Family

  • Total Floors: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2013
Closed on
Jan 21, 2014
Sold by
Zeugschmidt Gary L
Bought by
The Darryl Ponicsan & Cecilia Ponicsan R
Seller's Agent
Gary Zeugschmidt
Sunset Cliffs Realty
Buyer's Agent
Louise Hampton
Berkshire Hathaway HomeServices California Properties
List Price
$795,000
Sold Price
$750,000
Premium/Discount to List
-$45,000
-5.66%
Current Estimated Value
$1,467,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$717,060
Avg. Annual Appreciation
6.17%
Original Mortgage
$562,500
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 2, 2012
Sold by
Zeugschmidt Gary L and Towle Brian M
Bought by
Zeugschmidt Gary L and Gary L Zeugschmidt Trust

Purchase Details

Closed on
Mar 30, 2009
Sold by
Crv Palm Springs Lp
Bought by
Zeugschmidt Gary L and Towle Brian M
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
The Darryl Ponicsan & Cecilia Ponicsan R $750,000 First American Title Company
Zeugschmidt Gary L -- None Available
Zeugschmidt Gary L $490,000 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Darryl Ponicsan & Cecilia Ponicsan R $562,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2014 02/14/14 Sold $750,000 +0.1% $235 / Sq Ft
01/17/2014 01/17/14 Pending -- -- --
01/13/2014 01/13/14 Price Changed $749,000 -3.4% $235 / Sq Ft
12/19/2013 12/19/13 Price Changed $775,000 -2.5% $243 / Sq Ft
10/04/2013 10/04/13 For Sale $795,000 -- $250 / 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 $11,727 $919,382 $229,841 $689,541
2023 $11,727 $883,683 $220,917 $662,766
2022 $12,233 $866,357 $216,586 $649,771
2021 $11,709 $849,371 $212,340 $637,031
2020 $11,184 $840,663 $210,163 $630,500
2019 $10,988 $824,181 $206,043 $618,138
2018 $10,778 $808,021 $202,004 $606,017
2017 $10,608 $792,179 $198,044 $594,135
2016 $10,298 $776,647 $194,161 $582,486
2015 $9,906 $764,984 $191,246 $573,738
2014 $7,290 $551,654 $131,528 $420,126
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Gary Zeugschmidt

    Sunset Cliffs Realty

    Section Image
  • Louise Hampton

    Buyer's Agent in 2014

    Louise Hampton

    Berkshire Hathaway HomeServices California Properties

    (760) 320-4586

    1 in this area

    124 Total Sales

    Louise Hampton
    Section Image
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Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 13-709455PS

APN: 510-360-033

California Riverside County Palm Springs 92264 Araby Commons

2982 Searchlight Ln, Palm Springs, CA

This home is located at 2982 Searchlight Ln, Palm Springs, CA 92264 since 04 October 2013 and is currently estimated at $1,467,060, approximately $460 per square foot. This property was built in 2006. 2982 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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