NOT LISTED FOR SALE

355 E Valmonte Sur Palm Springs, CA 92262

The Movie Colony Neighborhood

Estimated Value: $1,615,000 - $2,251,000

3 Beds
5 Baths
2,532 Sq Ft
$754/Sq Ft Est. Value

Last Sold February 19, 2021

Last sale price $1,175,000 $464 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $11,338/month

25 Days on Market

Highlights

  • In Ground Pool
  • Mountain View
  • Bonus Room
  • Palm Springs High School Rated A-
  • Secondary bathroom tub or shower combo
  • 4-minute walk to Frances Stevens Park

About This Home

As of February 2021

Prestigious Movie Colony Opportunity; you can now be a part of the history in the Palm Springs, Hollywood, Movie Colony, making this vintage 1936 home your own. It's like going back in time with all the original windows, doors and built-ins. The 2 inside turrets are all authentic to the special details of this 1930's home. This home was Jack Benny's go-to getaway place in the 1940's. The 3 extra large bedrooms have their own en-suites with ample closet space and their own lounging areas. There are 2 other rooms; a den/game room and a Butlers Quarters, which both have their own bathrooms . The double sided fireplace warms up the formal dinning room near the entry foyer, and the opposite side warms the large, inviting living room. The south facing backyard is perfect for enjoying the over sized pool and all your Palm Springs outdoor living and entertaining. The yard and walkways wrap around the house with citrus trees, rose garden and with majestic south west mountain views. There is an outdoor laundry room with a deep sink and refrigerator off the kitchen. Buyer(s) to verify square footage; assessor shows 2532 sq ft.The Movie Colony is walking distance to downtown Palm Springs, being just a few blocks away.

Last Agent to Sell the Property

Jane Owen

Bennion Deville Homes License #01372501 Listed on: 01/16/2021

Bennion Deville Homes

Co-Listed By

Paul Yanchar

Bennion Deville Homes License #02118555

Last Buyer's Agent

Charles Martines

Charles Martines Broker License #00910515

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,582

Year Built

  • Built in 1936

Lot Details

  • 0.26 Acre Lot
  • Home has North and South Exposure
  • Sprinkler System

Property Views

  • Mountain
  • Pool

Home Design

  • Composition Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 2,532 Sq Ft Home
  • 1-Story Property
  • Double Sided Fireplace
  • Gas Fireplace
  • Drapes & Rods
  • Sliding Doors
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Formal Dining Room
  • Bonus Room
  • Carpet
  • Security System Leased

Kitchen

  • Breakfast Room
  • Recirculated Exhaust Fan
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Secondary bathroom tub or shower combo
  • Bathtub
  • Shower Only
  • Shower Only in Secondary Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Parking

  • 2 Attached Carport Spaces
  • 6 Car Parking Spaces
  • 2 Parking Garage Spaces
  • Tandem Parking
  • Driveway
  • On-Street Parking

Pool

  • In Ground Pool
  • Gunite Pool
  • Outdoor Pool

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Property is located within a water district

Additional Features

  • Wrap Around Porch
  • Ground Level

Community Details

  • Movie Colony Subdivision

Listing and Financial Details

  • Assessor Parcel Number 507193002

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,582

Year Built

Built in 1936

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
  • Building Number Of Stories: 1
  • Entry Location: Ground Level w/Steps
  • Included In Sale: Washer/dryer, refrigerator
  • List Price per Sq Ft: 449.84
  • Lp Sp Ratio: 1.0300
  • View Type: Mountain(s), Pool
  • Water District Name: Desert Water Agency
  • Year Built: 1936
  • Co Listing Member Address: 201 N. Palm Canyon Dr. Ste 120, Palm Springs, CA 92262
  • Co Listing Office Address: 201 N. Palm Canyon Dr. Ste 120, Palm Springs South Office, Palm Springs, CA 92262
  • Co Listing Office Fax: (760) 327-3991
  • Listing I D: 219055817
  • Listing Member Address: 201 N. Palm Canyon Dr. Ste 120, Palm Springs, CA 92262
  • Listing Office Address: 201 N. Palm Canyon Dr. Ste 120, Palm Springs South Office, Palm Springs, CA 92262
  • Listing Office Fax: (760) 327-3991
  • Selling Office Address: 15341 Placid Dr, La Mirada, CA 90638
  • Street Direction: E
  • Land Type: Fee
  • Subdivision: Movie Colony
  • Special Features: None

Interior Features

  • Appliances: Dryer, Exhaust Fan, Washer, Refrigerator, Disposal, Dishwasher
  • Fireplace: Yes
  • Fireplace Location: Dining Room, Dual Fireplace(s), Living Room
  • Fireplace Features: Gas
  • Flooring: Carpet
  • Bedroom Features: Walk In Closet
  • Total Bedrooms: 3
  • Bathroom Features: Double Vanity(s), Tile Shower, Tub Only, Shower Stall, Shower Over Tub, Shower & Tub
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Three Quarter Bathrooms: 1
  • Eating Areas: Breakfast Nook, Formal Dining Room
  • Laundry: Individual Room, Outside, Laundry Area
  • Estimated Sq Ft: 2532.00
  • Windows Treatments: Drapes

Exterior Features

  • Construction: Stucco
  • Roofing: Composition Shingle
  • Patio: Covered, Wrap Around, Concrete Slab
  • Pool: Yes
  • Pool Accessories: Unknown
  • Pool Construction: Gunite, In Ground
  • Pool Description: Private
  • Pool Location: Private
  • Planned Unit Development: No
  • View: Yes

Garage/Parking

  • Parking: Attached Carport, Driveway, Tandem, On Street
  • Total Carport Spaces: 2.00
  • Total Covered Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Total Uncovered Assigned Spaces: 2.00

Utilities

  • Cooling Type: Air Conditioning, Central Air
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Security: Security System Leased
  • Sewer: Unknown
  • Water: Water District

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 507193002
  • Irrigation: Manual, Sprinkler System
  • Lot Size: 11325.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Unknown

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2021
Closed on
Feb 6, 2021
Sold by
Lowe Lori and Lowe Mitzi Karageorgevitch
Bought by
Chase Fred Brian and Champion Douglas
Seller's Agent
Jane Owen
Bennion Deville Homes
Buyer's Agent
Charles Martines
Charles Martines Broker
List Price
$11,139,000
Sold Price
$1,175,000
Premium/Discount to List
-$9,964,000
-89.45%
Current Estimated Value
$1,842,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$667,411
Avg. Annual Appreciation
8.97%
Original Mortgage
$1,057,383
Outstanding Balance
$949,228
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$779,917

Purchase Details

Closed on
Apr 27, 2018
Sold by
Lowe Mitzi
Bought by
Lowe Mitzi
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
Chase Fred Brian $1,175,000 Orange Coast Title Company
Lowe Mitzi -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chase Fred Brian $1,057,383
Previous Owner Lowe Mitzi $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2021 02/19/21 Sold $1,175,000 -89.5% $464 / Sq Ft
02/10/2021 02/10/21 Pending -- -- --
01/16/2021 01/16/21 For Sale $11,139,000 -- $4,399 / 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 $15,582 $1,284,590 $443,796 $840,794
2023 $15,582 $1,234,710 $426,564 $808,146
2022 $15,900 $1,210,500 $418,200 $792,300
2021 $15,423 $1,175,000 $410,000 $765,000
2020 $1,500 $106,183 $29,376 $76,807
2019 $1,476 $104,101 $28,800 $75,301
2018 $1,450 $102,061 $28,236 $73,825
2017 $1,428 $100,061 $27,683 $72,378
2016 $1,390 $98,100 $27,141 $70,959
2015 $1,320 $96,628 $26,734 $69,894
2014 $1,286 $94,737 $26,211 $68,526
Source: Public Records

Agents Affiliated with this Home

  • Jane Owen

    Seller's Agent in 2021

    Jane Owen

    Bennion Deville Homes

    (760) 668-2677

    1 in this area

    22 Total Sales

    Section Image

  • P

    Seller Co-Listing Agent in 2021

    Paul Yanchar

    Bennion Deville Homes

  • Charles Martines

    Buyer's Agent in 2021

    Charles Martines

    Charles Martines Broker

    (562) 332-0046

    1 in this area

    3 Total Sales

    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219055817

California Desert Association of REALTORS®

APN: 507-193-002

California Riverside County Palm Springs 92262 The Movie Colony

355 E Valmonte Sur, Palm Springs, CA

This home is located at 355 E Valmonte Sur, Palm Springs, CA 92262 since 16 January 2021 and is currently estimated at $1,907,982, approximately $753 per square foot. This property was built in 1936. 355 E Valmonte Sur is a home located in Riverside County with nearby schools including Katherine Finchy Elementary School, Raymond Cree Middle School, and Palm Springs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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