NOT LISTED FOR SALE

Estimated Value: $1,790,000 - $3,001,000

5 Beds
5.5 Baths
4,284 Sq Ft
$599/Sq Ft Est. Value

Last Sold December 28, 2018

Last sale price $1,489,000 $348 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $15,647/month

19 Days on Market

Highlights

  • Guest House
  • Cabana
  • Primary Bedroom Suite
  • Palm Springs High School Rated A-
  • Gourmet Kitchen
  • 0.57 Acre Lot

About This Home

As of December 2018

Custom Mediterranean Hillside Estate. From the porte-cochere through the double entry doors you'll embrace pure elegance as you step into the light and bright living room open to pool and mountain views! Through the formal dining area you'll find an inviting Great Room featuring a wet bar, media center, large wine cooler and upscale gourmet chef's kitchen boasting Dacor appliances. From the chef kitchen, enjoy a separate office/bedroom with a private courtyard. The main house offers 3 guest rooms 2 ensuite ,a master suite with a huge master bathroom complete with a steam shower, jacuzzi tub and walk in closets. Steps away from the main house is the detached casita, complete with mini kitchen, storage and bathroom, perfect for hosting guests. Enjoy the covered patio overlooking the pool, mountains and luscious landscaping. Leased Solor, water softener, many upgrades for this custom built home. This home also generates income as a high end vacation rental. Turn key furnished.

Last Agent to Sell the Property

John Silverman

Keller Williams Realty License #01003004 Listed on: 11/01/2018

Keller Williams Realty

Last Buyer's Agent

Sean Stanfield

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,069

Year Built

  • Built in 1997

Lot Details

  • 0.57 Acre Lot
  • Home has North and South Exposure
  • Block Wall Fence
  • Chain Link Fence
  • Landscaped
  • Back and Front Yard

Property Views

  • Canyon
  • Mountain

Home Design

  • Spanish Architecture
  • Turnkey
  • Shingle Roof
  • Tile Roof
  • Composition Roof

Interior Spaces

  • 4,284 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bar
  • Skylights
  • Gas Log Fireplace
  • Awning
  • Custom Window Coverings
  • Double Door Entry
  • Dining Room with Fireplace
  • Formal Dining Room
  • Travertine
  • Fire and Smoke Detector

Kitchen

  • Gourmet Kitchen
  • Breakfast Bar
  • Convection Oven
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Recirculated Exhaust Fan
  • Warming Drawer
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 5 Car Attached Garage
  • 4 Carport Spaces
  • Porte-Cochere
  • Circular Driveway

Pool

  • Cabana
  • Heated Lap Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Outdoor Pool
  • Saltwater Pool
  • Pool Cover

Outdoor Features

  • Concrete Porch or Patio
  • Outdoor Fireplace
  • Built-In Barbecue

Utilities

  • Central Heating and Cooling System
  • Evaporated cooling system
  • 220 Volts
  • 220 Volts in Kitchen
  • Water Softener
  • Sewer in Street

Additional Features

  • Solar owned by a third party
  • Guest House
  • Ground Level

Community Details

  • The Mesa Subdivision
  • Greenbelt

Listing and Financial Details

  • Assessor Parcel Number 513380075

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,069

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces North, Leisure Faces South
  • Levels: One
  • Builders Tract Code: The Mesa
  • Building Number Of Stories: 2
  • Building Style: Spanish
  • Entry Location: Foyer, Ground Level w/Steps
  • Included In Sale: Everything its turn key
  • List Price per Sq Ft: 378.59
  • Lp Sp Ratio: 0.9181
  • View Type: Canyon, Mountain(s)
  • Year Built: 1997
  • Listing I D: 218030478
  • Listing Member Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Listing Office Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Listing Office Fax: (760) 770-9510
  • Selling Office Address: 74890 Highway 111, Indian Wells, CA 92210
  • Street Direction: W
  • Land Type: Fee
  • Subdivision: The Mesa
  • Special Features: None

Interior Features

  • Appliances: Bar Ice Maker, Convection Oven, Dishwasher, Disposal, Dryer, Electric Oven, Exhaust Fan, Freezer, Gas Cooktop, Gas Oven, Gas Range, Ice Maker - Standalone, Microwave Oven, Refrigerator, Washer, Water Line to Refrigerator, Water Softener
  • Fireplace: Yes
  • Fireplace Location: Dining Room, Exterior
  • Interior Amenities: Bar, Wet Bar
  • Warming Oven Drawer: Yes
  • Range Hood: Yes
  • Fireplace Features: Gas Log
  • Flooring: Travertine
  • Bedroom Features: 2 Master Bedrooms, Master Retreat, Master Suite, Walk In Closet
  • Total Bedrooms: 5
  • Half Bathrooms: 1
  • One Quarter Bathrooms: 1.00
  • Total Bathrooms: 7.00
  • Full Bathrooms: 4
  • Three Quarter Bathrooms: 1
  • Eating Areas: Breakfast Counter/Bar, Formal Dining Room, Kitchen Island
  • Kitchen Features: Gourmet Kitchen, Granite Counters, Island, Pantry, Skylight(s)
  • Laundry: Laundry Area
  • Estimated Sq Ft: 4284.00
  • Windows Treatments: Custom Window Covering, Drapes, Skylight(s)

Exterior Features

  • Other Features: Solar System Financed
  • Other Structures: Cabana, Guest House/Casita
  • Roofing: Composition, Shingle, Tile
  • Built-in BBQ: Gas
  • Fencing: Block, Chain Link
  • Patio: Awning(s), Concrete Slab
  • Pool: Yes
  • Pool Accessories: Pool Cover
  • Pool Construction: Gunite, In Ground
  • Pool Description: Heated, Lap, Salt Water
  • Pool Location: Private
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Heated - Gas
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Circular Driveway, Driveway, Oversized, Porte-Cochere
  • Total Carport Spaces: 4.00
  • Total Garage Spaces: 5.00
  • Total Parking Spaces: 9.00

Utilities

  • Volt 220: 220V Throughout, In Kitchen
  • Cooling Type: Air Conditioning, Central Air, Evaporative Cooling
  • Heating: Central
  • Security: Fire Alarm
  • Sewer: In Street Paid

Lot Info

  • Assessor Parcel Number: 513380075
  • Lot Acres: 0.5700
  • Lot Description: Back Yard, Front Yard, Landscaped
  • Lot Location: Greenbelt
  • Lot Size: 24829.00

Rental Info

  • Furnished: Turnkey
  • Land Lease Type: Fee Simple

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2018
Closed on
Nov 20, 2018
Sold by
Bakakos Dimitri G
Bought by
Park Henry Steven and Little Monkey 2018 Family Trust
Seller's Agent
John Silverman
Keller Williams Realty
Buyer's Agent
Sean Stanfield
List Price
$1,621,888
Sold Price
$1,489,000
Premium/Discount to List
-$132,888
-8.19%
Current Estimated Value
$2,564,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,075,792
Avg. Annual Appreciation
8.51%
Original Mortgage
$1,030,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2016
Closed on
Apr 11, 2016
Sold by
Sigurdson Pjetur
Bought by
Bakakos Dimitri G and Dimitri G Bakakos Revocable Trust
Seller's Agent
Michelle White
Bennion Deville Homes
Buyer's Agent
Michelle White
Bennion Deville Homes
List Price
$1,449,900
Sold Price
$1,350,000
Premium/Discount to List
-$99,900
-6.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.68%
Original Mortgage
$1,147,500
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2016
Closed on
Feb 16, 2016
Sold by
Ljb Investments Corp
Bought by
Bakakos Dimitri G and Dimitri G Bakakos Revocable Trust
Seller's Agent
Michelle White
Bennion Deville Homes
Buyer's Agent
Michelle White
Bennion Deville Homes
List Price
$1,449,900
Sold Price
$1,350,000
Premium/Discount to List
-$99,900
-6.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,147,500
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2011
Sold by
Benedetti Mark and Benedetti Candice
Bought by
Ljb Investments Corporation

Purchase Details

Closed on
Mar 25, 1998
Sold by
Beneditti Mark and Beneditti Candice
Bought by
Benedetti Mark and Benedetti Candice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.07%
Mortgage Type
Unknown
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
Park Henry Steven $1,489,000 Orange Coast Title Company
Bakakos Dimitri G -- Orange Coast Title Co
Bakakos Dimitri G $1,350,000 Orange Coast Title
Ljb Investments Corporation $1,150,000 First American Title Company
Benedetti Mark -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Little Monkey 2018 Family Trust $1,030,000
Closed Park Henry Steven $1,030,000
Previous Owner Bakakos Dimitri G $1,147,500
Previous Owner Benedetti Mark $770,000
Previous Owner Benedetti Mark $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2018 12/28/18 Sold $1,489,000 -8.2% $348 / Sq Ft
11/20/2018 11/20/18 Pending -- -- --
11/01/2018 11/01/18 For Sale $1,621,888 +20.1% $379 / Sq Ft
04/13/2016 04/13/16 Sold $1,350,000 -6.9% $315 / Sq Ft
02/11/2016 02/11/16 Pending -- -- --
01/06/2016 01/06/16 For Sale $1,449,900 -- $338 / Sq Ft
Source: California Desert 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 $20,069 $1,661,003 $83,661 $1,577,342
2023 $20,069 $1,596,506 $80,413 $1,516,093
2022 $21,319 $1,565,203 $78,837 $1,486,366
2021 $20,060 $1,534,514 $77,292 $1,457,222
2020 $19,143 $1,518,780 $76,500 $1,442,280
2019 $18,809 $1,489,000 $75,000 $1,414,000
2018 $17,764 $1,404,540 $491,589 $912,951
2017 $17,500 $1,377,000 $481,950 $895,050
2016 $15,675 $1,244,594 $435,607 $808,987
2015 $15,077 $1,225,901 $429,065 $796,836
2014 $14,933 $1,201,889 $420,661 $781,228
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 218030478

California Desert Association of REALTORS®

APN: 513-380-075