NOT LISTED FOR SALE

333 W Merito Place Palm Springs, CA 92262

Old Las Palmas Neighborhood

Estimated Value: $3,850,000 - $7,239,000

9 Beds
12 Baths
8,524 Sq Ft
$641/Sq Ft Est. Value

Last Sold May 21, 2012

Last sale price $2,600,000 $305 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $32,682/month

129 Days on Market

About This Home

As of May 2012

Old Las Palmas is the Beverly Hills of Palm Springs and is the site of this spectacular Old Spanish compound, Villa de Suenos. Recently & continuously updated with great sensitivity and quality, this immaculately groomed 1 acre estate includes a Main House with 6 bedrooms and 6 baths; Guest House 1 with 1 bedroom, kitchen and 2 baths; Guest House 2 with 2 bedrooms, kitchen and 2 baths; and Poolside Cantina/Fiesta/Changing Room. This romantic compound offers apprx. 8,500 sq. ft. with details including open beamed ceilings, 3 fireplaces and multiple fountains, which echo an era of authenticity and charm seldom found today. Verdant landscaping surrounds the walled and gated parcel and provides privacy for all living quarters. An oversized pool with waterfall spa and 2 fire pits, 4 car garage and 2 car carport add to the resort-like ambience. One of the first estates in this desirable neighborhood, the home has known only 3 family ownerships over more than 75 years. Now it's your turn.

Last Agent to Sell the Property

AndySven An Kelli

Non-Member office License #1156954T Listed on: 01/02/2012

Last Buyer's Agent

Scott Lyle

Compass License #00700215

Compass

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,726

Year Built

1933

Lot Details

0

Listing Details

  • Cross Street: N. CAHUILLA
  • Full Bathroom: 6
  • Half Bathroom: 2
  • Three Quarter Bathrooms: 4
  • Building Size: 8524.0
  • Building Structure Style: Spanish
  • Driving Directions: North Palm Canyon to Merito Place.
  • Full Street Address: 333 W Merito Pl
  • Lot Size Acres: 1.02
  • Pool Construction: In Ground
  • Pool Descriptions: Heated - Gas
  • Primary Object Modification Timestamp: 2013-05-10
  • Property Condition: Updated/Remodeled
  • Spa Descriptions: Heated
  • Tax Legal Lot Number: 68
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1933

Interior Features

  • Bathroom Features: Double Vanity(s)
  • Bedroom Features: Master Suite, Master Retreat, 2 Master Bedrooms
  • Eating Areas: Formal Dining Rm, Breakfast Room
  • Advertising Remarks: Old Las Palmas is the Beverly Hills of Palm Springs and is the site of this spectacular Old Spanish compound, Villa de Suenos. Recently & continuously updated with great sensitivity and quality, this immaculately groomed 1 acre estate includes a Main Hou
  • Total Bedrooms: 9
  • Builders Tract Name: OLD LAS PALMAS
  • Fireplace: Yes
  • Levels: One Level
  • Spa: Yes
  • Interior Amenities: Cathedral-Vaulted Ceilings, Beamed Ceiling(s), Block Walls, Bar
  • Fireplace Rooms: Family Room, Living Room, Master Bedroom
  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Floor Material: Ceramic Tile, Laminated, Carpet
  • Laundry: Individual Room
  • Pool: Yes

Exterior Features

  • Lot Size Sq Ft: 44431
  • Foundation: Foundation - Concrete Slab
  • Other Structures: GuestHouse
  • Fence: Block Wall
  • Roofing: Composition, Spanish Clay Tile
  • Water: Water District

Garage/Parking

  • Other Spaces: 6
  • Carport Spaces: 2
  • Total Parking Spaces: 6
  • Parking Features: Gated
  • Parking Spaces Total: 6
  • Parking Type: Garage Is Detached, Carport Detached

Utilities

  • Sewer: In Street Paid
  • Cooling Type: Ceiling Fan(s), Air Conditioning, Central A/C
  • Heating Type: Forced Air
  • Security: Security System - Owned

Condo/Co-op/Association

  • HOA: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2012
Sold by
Sherwood Don C and Sherwood Linda K
Bought by
Sherwood Don C and Sherwood Linda K
Current Estimated Value
$5,462,282

Purchase Details

Listed on
Jan 2, 2012
Closed on
Apr 19, 2012
Sold by
Fitts John Irving and Fitts Toni Ann
Bought by
Sherwood Don C and Sherwood Linda K
Seller's Agent
AndySven An Kelli
Non-Member office
Buyer's Agent
Scott Lyle
Compass
List Price
$2,995,000
Sold Price
$2,600,000
Premium/Discount to List
-$395,000
-13.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%
Original Mortgage
$340,000
Outstanding Balance
$230,485
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$5,231,797

Purchase Details

Closed on
Mar 5, 2004
Sold by
Boston Partners Llc
Bought by
Fitts John Irving and Fitts Toni Ann

Purchase Details

Closed on
Mar 15, 2002
Sold by
Fitts John Irving and Fitts Toni Ann
Bought by
Boston Partners Llc

Purchase Details

Closed on
Apr 29, 1996
Sold by
Fitts John and Fitts Toni
Bought by
Fitts John Irving and Fitts Toni Ann

Purchase Details

Closed on
Dec 27, 1995
Sold by
Moyer Thomas P and Moyer Megan W
Bought by
Fitts John and Fitts Toni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 1995
Sold by
Tpm Financial Inc
Bought by
Moyer Thomas P

Purchase Details

Closed on
Oct 25, 1994
Sold by
Moyer Thomas P and Moyer Megan W
Bought by
Tpm Financial Inc

Purchase Details

Closed on
Dec 29, 1993
Sold by
T P M Holdings Inc
Bought by
Moyer Thomas P and Moyer Megan W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
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
Sherwood Don C -- None Available
Sherwood Don C $2,340,000 Investors Title Company
Fitts John Irving -- --
Boston Partners Llc -- --
Fitts John Irving -- --
Fitts John -- --
Fitts John $900,000 Commonwealth Land Title Co
Moyer Thomas P -- --
Tpm Financial Inc -- --
Moyer Thomas P -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherwood Don C $340,000
Previous Owner Fitts John Irving $1,000,000
Previous Owner Fitts John Irving $2,000,000
Previous Owner Fitts John Irving $369,000
Previous Owner Fitts John $630,000
Previous Owner Moyer Thomas P $495,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2012 05/21/12 Sold $2,600,000 -13.2% $305 / Sq Ft
05/10/2012 05/10/12 Pending -- -- --
01/02/2012 01/02/12 For Sale $2,995,000 -- $351 / 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 $35,726 $2,961,294 $1,193,245 $1,768,049
2023 $35,726 $2,846,306 $1,146,911 $1,699,395
2022 $36,453 $2,790,497 $1,124,423 $1,666,074
2021 $35,703 $2,735,782 $1,102,376 $1,633,406
2020 $34,073 $2,707,731 $1,091,073 $1,616,658
2019 $33,476 $2,654,639 $1,069,680 $1,584,959
2018 $32,842 $2,602,588 $1,048,707 $1,553,881
2017 $32,355 $2,551,558 $1,028,145 $1,523,413
2016 $31,394 $2,501,529 $1,007,986 $1,493,543
2015 $29,973 $2,445,537 $992,846 $1,452,691
2014 $29,685 $2,397,635 $973,399 $1,424,236
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    AndySven An Kelli

    Non-Member office

    Section Image
  • Scott Lyle

    Buyer's Agent in 2012

    Scott Lyle

    Compass

    (760) 333-8454

    1 in this area

    50 Total Sales

    Scott Lyle
    Section Image
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Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 41443886

APN: 505-294-007

California Riverside County Palm Springs 92262 Old Las Palmas

333 W Merito Place, Palm Springs, CA

This home is located at 333 W Merito Place, Palm Springs, CA 92262 since 02 January 2012 and is currently estimated at $5,462,282, approximately $640 per square foot. This property was built in 1933. 333 W Merito 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.

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