NOT LISTED FOR SALE

Estimated Value: $490,252 - $520,000

2 Beds
3 Baths
1,343 Sq Ft
1,307 Sq Ft Lot

Last Sold July 06, 2016

Last sale price $257,900 $192 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $3,161/month

330 Days on Market

About This Home

As of July 2016

Built in 2007, this luxurious 2-story townhome showcases 2 bedrooms with en-suite baths & a private sundeck with mountain views. The kitchen is open & offers Cherry wood cabinetry & breakfast bar. This "B" Plan has its own nice sized rear, west facing, yard done in pavers, covered patio & attached one car garage. Granite counters throughout. Tile floors downstairs & carpet upstairs. The direct west mountain & sunset views are amazing! Palermo has a strong HOA and offers a secure, gated community along with 2 swimming pools, 2 spas, fitness center and gorgeous clubhouse with TV & billiards lounges plus full kitchen for homeowner's entertaining.

Last Agent to Sell the Property

Scott Lyle

Compass License #00700215 Listed on: 07/14/2015

Compass

Last Buyer's Agent

NonMember AgentDefault

NonMember OfficeDefault

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,220

Year Built

2007

Lot Details

0

Parking

1

Listing Details

  • Cross Street: N INDIAN CANYON
  • Model Code: B
  • Entry Location: Ground Level - no steps
  • Active Date: 2016-01-21
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Builder Name: ENTERPRISE CALIFORNIA
  • Building Size: 1343.0
  • Building Structure Style: Modern
  • Driving Directions: From downtown Palm Springs: North on Indian Canyon. Pass Racquet Club. Pass San Rafael. Palermo entry is on the RIGHT.
  • Full Street Address: 3631 MELODY LN
  • Pool Descriptions: Community Pool, Association Pool
  • Primary Object Modification Timestamp: 2016-07-07
  • Spa Descriptions: Association Spa
  • Unit Floor In Building: 1
  • Total Number of Units: 118
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Built: 2007

Interior Features

  • Bathroom Features: Powder Room, Granite
  • Bedroom Features: All Bedrooms Up, Master Bedroom, WalkInCloset
  • Eating Areas: Breakfast Counter / Bar, Dining Area
  • Appliances: Range
  • Advertising Remarks: Built in 2007, this luxurious 2-story townhome showcases 2 bedrooms with en-suite baths & a private sundeck with mountain views. The kitchen is open & offers Cherry wood cabinetry & breakfast bar. This "B" Plan has its own nice sized rear, west facing, y
  • Total Bedrooms: 2
  • Builders Tract Code: 5052
  • Builders Tract Name: PALERMO
  • Fireplace: No
  • Levels: Two Level
  • Spa: Yes
  • Appliances: Dryer, Refrigerator, Washer
  • Association Phone Number: 760-834-2480
  • Floor Material: Carpet, Concrete Slab
  • Kitchen Features: Galley Kitchen, Granite Counters
  • Laundry: Laundry Area In Unit
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 1165
  • Common Walls: Attached
  • Entry Floor: 1
  • Construction: Stucco
  • Foundation: Foundation - Concrete Slab
  • Patio: Concrete Slab
  • Fence: Block Wall
  • Windows: Double Pane Windows
  • Roofing: Elastomeric
  • Water: District/Public

Garage/Parking

  • Garage Spaces: 1.0
  • Total Parking Spaces: 1
  • Parking Spaces Total: 1
  • Parking Type: Garage - Single Door

Utilities

  • Sewer: In, Connected & Paid
  • Sprinklers: Drip System
  • TV Svcs: Cable TV
  • Water Heater: Gas
  • Cooling Type: Air Conditioning, Central A/C
  • Heating Type: Central Furnace, Forced Air
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System

Condo/Co-op/Association

  • Amenities: Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Billiard Room, Card Room, Controlled Access, Gym/Ex Room, Fitness Center, Gated Community
  • HOA: No
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Clubhouse
  • Association Rules: Call for Rules, Assoc Pet Rules
  • Association Name: Palermo HOA
  • HOA Fees: 308.0

Schools

  • High School: Palm Springs High Sc

Multi Family

  • Total Floors: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2012
Sold by
Ncb Development Ix Llc
Bought by
Ic 40 Llc
Current Estimated Value
$512,977

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
Outstanding Balance
$2,098,952
Interest Rate
3.58%
Mortgage Type
Unknown
Estimated Equity
-$1,581,300

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
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 Ic 40 Llc $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2016 07/06/16 Sold $257,900 0.0% $192 / Sq Ft
01/21/2016 01/21/16 For Sale $257,900 0.0% $192 / Sq Ft
01/11/2016 01/11/16 Off Market $257,900 -- --
07/14/2015 07/14/15 For Sale $257,900 -- $192 / 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 $4,220 $299,308 $75,435 $223,873
2023 $4,220 $287,687 $72,506 $215,181
2022 $4,253 $282,047 $71,085 $210,962
2021 $4,136 $276,518 $69,692 $206,826
2020 $3,960 $273,684 $68,978 $204,706
2019 $3,891 $268,319 $67,626 $200,693
2018 $3,817 $263,058 $66,300 $196,758
2017 $3,753 $257,900 $65,000 $192,900
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

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Map

Source: The MLS

MLS Number: 15-922995PS

The MLS

APN: 669-721-012