Seller's Agent in 2023
Maleny Rodriguez
Coldwell Banker Realty
(949) 310-9442
1 in this area
6 Total Sales
388 E Valmonte Norte Palm Springs, CA 92262
The Movie Colony Neighborhood
3
Beds
3
Baths
2,278
Sq Ft
0.28
Acres
Highlights
- In Ground Pool
- Primary Bedroom Suite
- Vaulted Ceiling
- Palm Springs High School Rated A-
- Mountain View
- 5-minute walk to Frances Stevens Park
About This Home
As of October 2023First time ever on the market! Designed by Frank Lloyd Wright protege, architect Hiram Hudson Benedict, this classic Spanish-style estate has been lovingly maintained by the same family since it was built in 1935. Throughout its storied past, famous guests have visited this very special property, including Bob and Dolores Hope. Located in the heart of the coveted Movie Colony community on a large walled/gated lot, the 2,278-square-foot residence offers details, character and charm rarely found in homes today. Stunning great room with vaulted ceiling, wood beams, oversized wood burning fireplace, built-in bookshelves, hardwood floors, original windows, and french doors to the adjacent screened porch/sunroom. Formal dining room with Tiki style accents. Spacious kitchen featuring a vintage Gaffers and Sattler stove. Three bedrooms and three bathrooms plus office/den. Walk-in closets and plenty of storage throughout, including a full basement. Sparkling swimming pool and spa. Detached two-car garage with rooftop deck. Unobstructed mountain views (underground utilities). Situated on fee land (you own the land). Within a short walking distance to Ruth Hardy Park, restaurants, shops, and the casino. Enjoy the quintessential Palm Springs life!
Last Agent to Sell the Property
Joseph Babineaux
HK Lane Real Estate License #01924348 Listed on: 10/21/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $30,060
Year Built
- Built in 1935
Lot Details
- 0.28 Acre Lot
- South Facing Home
- Block Wall Fence
- Rectangular Lot
- Sprinkler System
- Lawn
Home Design
- Spanish Architecture
- Slab Foundation
- Tile Roof
- Stucco Exterior
Interior Spaces
- 2,278 Sq Ft Home
- 1-Story Property
- Built-In Features
- Beamed Ceilings
- Vaulted Ceiling
- Brick Fireplace
- Shutters
- Window Screens
- French Doors
- Great Room with Fireplace
- Formal Dining Room
- Storage
- Laundry Room
- Mountain Views
- Security System Leased
- Basement
Kitchen
- Gas Oven
- Dishwasher
- Tile Countertops
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- Dressing Area
- 3 Full Bathrooms
- Shower Only
Parking
- 2 Car Detached Garage
- Driveway
Pool
- In Ground Pool
- In Ground Spa
- Outdoor Pool
Outdoor Features
- Screened Patio
Utilities
- Central Heating and Cooling System
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Underground Utilities
- Sewer in Street
Community Details
- Movie Colony Subdivision
Listing and Financial Details
- Assessor Parcel Number 507184010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 13, 2023
Closed on
Aug 25, 2023
Sold by
388 E Valmonte Norte Llc
Bought by
Mayo Management Trust and Mayo
Seller's Agent
Maleny Rodriguez
Coldwell Banker Realty
Buyer's Agent
Chad Harper
Coldwell Banker Realty
List Price
$2,450,000
Sold Price
$2,450,000
Views
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,263
Avg. Annual Appreciation
-0.42%
Original Mortgage
$1,715,000
Outstanding Balance
$1,677,913
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$751,824
Purchase Details
Closed on
Jan 27, 2023
Sold by
Queen Bee Ventures Llc
Bought by
388 E Valmonte Norte Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Interest Rate
6.27%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 21, 2021
Closed on
Nov 2, 2021
Sold by
Lang Charles Joseph and Lang Suzanne Barbara
Bought by
Queen Bee Ventures Llc
Seller's Agent
Joseph Babineaux
HK Lane Real Estate
Buyer's Agent
Tim Smith
Coldwell Banker Realty
List Price
$1,700,000
Sold Price
$1,700,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.85%
Original Mortgage
$1,482,580
Interest Rate
3.14%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 8, 2016
Sold by
Lang Charles Joseph and Lang Suzanne B
Bought by
The Lang Family Trust
Purchase Details
Closed on
Oct 27, 2015
Sold by
Lang Charles Joseph and Lang Suzanne B
Bought by
Lang Charles Joseph and Lang Suzanne B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
3.2%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,450,000 | Equity Title Company | |
| Grant Deed | -- | Chicago Title | |
| Grant Deed | $1,700,000 | Ticor Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Stewart Title Of Ca Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,715,000 | New Conventional | |
| Previous Owner | $1,575,000 | New Conventional | |
| Previous Owner | $1,482,580 | Commercial | |
| Previous Owner | $938,250 | Reverse Mortgage Home Equity Conversion Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/13/2023 10/13/23 | Sold | $2,450,000 | 0.0% | $1,076 / Sq Ft |
| 10/13/2023 10/13/23 | Pending | -- | -- | -- |
| 10/13/2023 10/13/23 | For Sale | $2,450,000 | +44.1% | $1,076 / Sq Ft |
| 12/09/2021 12/09/21 | Sold | $1,700,000 | 0.0% | $746 / Sq Ft |
| 11/22/2021 11/22/21 | Pending | -- | -- | -- |
| 10/21/2021 10/21/21 | For Sale | $1,700,000 | -- | $746 / Sq Ft |
Source: Greater Palm Springs Multiple Listing Service
Tax History Compared to Growth
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 | $30,060 | $2,498,999 | $874,651 | $1,624,348 |
| 2023 | $30,060 | $1,734,000 | $561,000 | $1,173,000 |
| 2022 | $22,221 | $1,700,000 | $550,000 | $1,150,000 |
| 2021 | $3,723 | $274,914 | $84,965 | $189,949 |
| 2020 | $3,562 | $272,096 | $84,094 | $188,002 |
| 2019 | $3,501 | $266,762 | $82,446 | $184,316 |
| 2018 | $3,437 | $261,532 | $80,830 | $180,702 |
| 2017 | $3,385 | $256,405 | $79,246 | $177,159 |
| 2016 | $3,289 | $251,379 | $77,693 | $173,686 |
| 2015 | $3,148 | $247,605 | $76,527 | $171,078 |
| 2014 | $3,099 | $242,757 | $75,029 | $167,728 |
Source: Public Records
Agents Affiliated with this Home
-
Maleny Rodriguez
-
Tim Smith
Seller Co-Listing Agent in 2023
Tim Smith
Coldwell Banker Realty
(949) 717-4711
3 in this area
696 Total Sales
-
Chad Harper
C
Buyer's Agent in 2023
Chad Harper
Coldwell Banker Realty
(760) 895-9892
1 in this area
13 Total Sales
-
J
Seller's Agent in 2021
Joseph Babineaux
HK Lane Real Estate
Map
Source: Greater Palm Springs Multiple Listing Service
MLS Number: 219069268
APN: 507-184-010
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