NOT LISTED FOR SALE

3574 Penny Ln Palm Springs, CA 92262

Upper West Side Neighborhood

Estimated Value: $496,000 - $541,000

2 Beds
2.5 Baths
1,306 Sq Ft
$350/mo HOA Fee

Last Sold March 20, 2023

Last sale price $487,000 $373 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,689/month

128 Days on Market

Highlights

  • Fitness Center
  • Heated In Ground Pool
  • Mountain View
  • Palm Springs High School Rated A-
  • Gated Community
  • Clubhouse

About This Home

As of March 2023

** VETERANS call to find out about this assumable loan at 2.375% ** Discover this fabulous modern townhome located in the gated community of Palermo in Palm Springs. Built in 2007, this is the perfect desert getaway with its own private yard with gas fireplace! Downstairs are the open living room, dining room, kitchen, powder room, as well as access to the large 1 car garage. Upstairs, you'll love the 2 large ensuite bedrooms with plenty of storage, a small desk area (if you must work). Palermo has 2 community pools and spas, a large clubhouse with a gym, kitchen, and billiards to entertain your guests. The low monthly HOA fee of $350 covers the grounds, water, trash, community pools and clubhouse. There is a 30 day minimum rental rule at Palermo. Contact agent for a private showing.

Last Agent to Sell the Property

Alex Dethier

BD Homes-The Paul Kaplan Group License #01926911 Listed on: 10/18/2022

Co-Listed By

Peter Roa

BD Homes-The Paul Kaplan Group License #01780230

Last Buyer's Agent

John Moore

Sotheby's International Realty License #01923013

Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,692

Year Built

  • Built in 2007

Lot Details

  • 1,154

HOA Fees

  • $350 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Automatic Gate
  • Guest Parking

Home Design

  • Modern Architecture
  • Split Level Home

Interior Spaces

  • 1,306 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Concrete Flooring
  • Mountain Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Heated Spa

Additional Features

  • Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 669-722-003

Community Details

Overview

  • 117 Units
  • Association Phone (866) 508-2780

Amenities

  • Clubhouse
  • Billiard Room
  • Recreation Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,692

Year Built

Built in 2007

Lot Details

0

HOA Fees

$350 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Advertising Remarks: ** VETERANS call to find out about this assumable loan at 2.375% ** Discover this fabulous modern townhome located in the gated community of Palermo in Palm Springs. Built in 2007, this is the perfect desert getaway with its own private yard with gas fireplace! Downstairs are the open living room, dining room, kitchen, powder room, as well as access to the large 1 car garage. Upstairs, you'll love the 2 large ensuite bedrooms with plenty of storage, a small desk area (if you must work). Palermo has 2 community pools and spas, a large clubhouse with a gym, kitchen, and billiards to entertain your guests. The low monthly HOA fee of $350 covers the grounds, water, trash, community pools and clubhouse. There is a 30 day minimum rental rule at Palermo. Contact agent for a private showing.
  • Builders Tract Code: 5052
  • Complex Name: Millennium Community Management
  • Entry Floor: 1
  • Entry Location: Main Level
  • Living Area: 1306
  • Lot Acreage: 0.0265
  • Planned Urban Dev: 0
  • Stories: 2
  • Unit Floor In Building: 2
  • Year Built: 2007
  • Builders Tract Name: Palermo
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Gas, Patio
  • Flooring: Cement, Mixed
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Closet
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Washer, Microwave, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 382.08

Exterior Features

  • Pool Description: Heated, Community
  • Pool: Yes
  • Spa: Community, Heated
  • Spa Yn: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Attached, Garage - 1 Car, Garage
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Automatic Gate

Association/Amenities

  • Amenities: Clubhouse, Billiard Room, Exercise Room, Fitness Center, Gated Community, Guest Parking, Spa, Rec Multipurpose Rm, Pool
  • Pet Rules: Assoc Pet Rules, Pets Permitted, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 350.00
  • Phone: 8665082780|
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 669-722-003
  • Lot Size Area: 1153

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 117

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2022
Closed on
Feb 27, 2023
Sold by
Adams Steven
Bought by
Bowden Kai
Seller's Agent
Alex Dethier
BD Homes-The Paul Kaplan Group
Buyer's Agent
John Moore
Sotheby's International Realty
List Price
$510,000
Sold Price
$487,000
Premium/Discount to List
-$23,000
-4.51%
Views
14
Current Estimated Value
$511,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,415
Avg. Annual Appreciation
2.02%
Original Mortgage
$100,000
Outstanding Balance
$20,898
Interest Rate
6.09%
Mortgage Type
Balloon
Estimated Equity
$490,517

Purchase Details

Closed on
Jul 29, 2020
Sold by
Chapman Capri and Enyeart Shelly
Bought by
Adams Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,958
Interest Rate
3%
Mortgage Type
VA

Purchase Details

Listed on
Jun 24, 2019
Closed on
Aug 8, 2019
Sold by
Robbins Frank E and Johnson Katherine A
Bought by
Chapman Capri and Enyeart Shelly
Seller's Agent
Lauren Fry
Kairos Premium Realty
List Price
$324,900
Sold Price
$320,500
Premium/Discount to List
-$4,400
-1.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%
Original Mortgage
$288,450
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 24, 2016
Closed on
Mar 30, 2016
Sold by
Ic 40 Llc
Bought by
Robbins Frank E and Johnson Katherine A
Seller's Agent
Scott Lyle
Compass
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$257,900
Sold Price
$249,900
Premium/Discount to List
-$8,000
-3.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.78%
Original Mortgage
$187,425
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2012
Sold by
Ncb Development Ix Llc
Bought by
Ic 40 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.58%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 18, 2011
Sold by
Ps Venture Indian Canyon/San Rafael Llc
Bought by
Ncb Development Ix Llc
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
Bowden Kai $487,000 Orange Coast Title
Adams Steven $346,000 First American Title
Chapman Capri $320,500 Wfg National Title
Robbins Frank E $250,000 Stewart Title Of Ca Inc
Ic 40 Llc -- Stewart Title Riverside
Ncb Development Ix Llc $6,600,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowden Kai $100,000
Previous Owner Adams Steven $353,958
Previous Owner Chapman Capri $288,450
Previous Owner Robbins Frank E $187,425
Previous Owner Ic 40 Llc $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2023 03/20/23 Sold $487,000 -2.4% $373 / Sq Ft
02/23/2023 02/23/23 Pending -- -- --
02/04/2023 02/04/23 Price Changed $499,000 -2.2% $382 / Sq Ft
01/20/2023 01/20/23 For Sale $510,000 0.0% $391 / Sq Ft
01/15/2023 01/15/23 Pending -- -- --
12/31/2022 12/31/22 Price Changed $510,000 -3.8% $391 / Sq Ft
11/03/2022 11/03/22 Price Changed $530,000 -8.6% $406 / Sq Ft
10/18/2022 10/18/22 For Sale $580,000 +81.0% $444 / Sq Ft
09/10/2019 09/10/19 Sold $320,500 0.0% $245 / Sq Ft
09/10/2019 09/10/19 Sold $320,500 -1.4% $245 / Sq Ft
08/04/2019 08/04/19 Pending -- -- --
08/04/2019 08/04/19 Pending -- -- --
07/18/2019 07/18/19 For Sale $324,900 0.0% $249 / Sq Ft
07/17/2019 07/17/19 For Sale $324,900 0.0% $249 / Sq Ft
07/12/2019 07/12/19 Pending -- -- --
07/12/2019 07/12/19 Pending -- -- --
07/02/2019 07/02/19 Price Changed $324,900 0.0% $249 / Sq Ft
07/02/2019 07/02/19 Price Changed $324,900 -0.6% $249 / Sq Ft
06/24/2019 06/24/19 For Sale $327,000 0.0% $250 / Sq Ft
06/24/2019 06/24/19 For Sale $327,000 +2.0% $250 / Sq Ft
06/24/2019 06/24/19 Off Market $320,500 -- --
06/21/2019 06/21/19 Price Changed $327,000 0.0% $250 / Sq Ft
06/21/2019 06/21/19 For Sale $327,000 -0.5% $250 / Sq Ft
06/01/2019 06/01/19 Pending -- -- --
05/21/2019 05/21/19 Price Changed $328,500 -0.2% $252 / Sq Ft
05/14/2019 05/14/19 Price Changed $329,000 -0.2% $252 / Sq Ft
05/08/2019 05/08/19 For Sale $329,500 +31.9% $252 / Sq Ft
05/16/2016 05/16/16 Sold $249,900 -3.1% $191 / Sq Ft
03/24/2016 03/24/16 For Sale $257,900 -- $197 / Sq Ft
Source: The MLS

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 $6,692 $506,674 $46,818 $459,856
2023 $6,692 $359,978 $46,818 $313,160
2022 $3,322 $352,920 $45,900 $307,020
2021 $5,123 $346,000 $45,000 $301,000
2020 $4,629 $320,500 $45,000 $275,500
2019 $3,852 $265,192 $66,297 $198,895
2018 $3,778 $259,994 $64,998 $194,996
2017 $3,715 $254,897 $63,724 $191,173
2016 $2,355 $141,466 $20,801 $120,665
2015 $2,259 $139,343 $20,490 $118,853
2014 $2,220 $136,616 $20,090 $116,526
Source: Public Records

Agents Affiliated with this Home

  • Alex Dethier

    Seller's Agent in 2023

    Alex Dethier

    BD Homes-The Paul Kaplan Group

    (760) 808-3300

    2 in this area

    282 Total Sales

    Alex Dethier
    Section Image
  • Peter Roa

    Seller Co-Listing Agent in 2023

    Peter Roa

    BD Homes-The Paul Kaplan Group

    (760) 218-3349

    1 in this area

    48 Total Sales

    Peter Roa
    Section Image
  • John Moore

    Buyer's Agent in 2023

    John Moore

    Sotheby's International Realty

    (760) 774-9614

    2 in this area

    46 Total Sales

    John Moore
    Section Image
  • Ryan Cummings

    Buyer Co-Listing Agent in 2023

    Ryan Cummings

    Sotheby's International Realty

    (760) 409-0129

    3 in this area

    86 Total Sales

    Ryan Cummings
    Section Image

  • J

    Buyer Co-Listing Agent in 2023

    Jose A. Zamora

    Real Property Management TriCo

    Section Image
  • Lauren Fry

    Seller's Agent in 2019

    Lauren Fry

    Kairos Premium Realty

    (858) 926-4338

    12 Total Sales

    Lauren Fry
    Section Image
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Map

Source: The MLS

MLS Number: 22-209875

The MLS

APN: 669-722-003

California Riverside County Palm Springs 92262 Upper West Side

3574 Penny Ln, Palm Springs, CA

This home is located at 3574 Penny Ln, Palm Springs, CA 92262 since 18 October 2022 and is currently estimated at $511,415, approximately $391 per square foot. This property was built in 2007. 3574 Penny Ln is a home located in Riverside County with nearby schools including Vista Del Monte 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.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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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