NOT LISTED FOR SALE

435 E Avenida Olancha Palm Springs, CA 92264

Tahquitz River Estates Neighborhood

Estimated Value: $1,979,424

9 Beds
10 Baths
4,500 Sq Ft
$440/Sq Ft Est. Value

Last Sold October 15, 2014

Last sale price $965,000 $214 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $12,034/month

26 Days on Market

About This Home

As of October 2014

Excellent opportunity in the MID CENTURY secluded and romantic 9 unit boutique hotel on a residential cul-de-sac with amazing west mountain views. Needs updating and renovation but what a great price! Owner ready to move on after 15 years. Lots of possibilities and potential for your use. All rooms are very large spread among 3 mid-century modern buildings. 8 of the 9 current rooms offer full kitchens and individual central AC/Heat. 8 rooms have offer direct rear patio access.Many original appointments and bones. The walled and gated property offers off-street parking for 14, large sparking swimming pool, fire pit & BBQ area, Lg. owner`s suite, mature Palm and Citrus trees, WiFi, outdoor sound system and lots of areas for shaded privacy. There`s also room for room expansion. This very special retreat is a Trip Advisor Award Winner from 2011, 2012, 2013 and 2014! Extremely close to downtown, restaurants, mid-century hotels & the chic shops of Palm Springs style!

Last Agent to Sell the Property

Scott Lyle

Compass License #00700215 Listed on: 06/09/2014

Compass

Last Buyer's Agent

NonMember AgentDefault

NonMember OfficeDefault

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,222

Year Built

1960

Lot Details

0

Listing Details

  • Active Date: 2014-06-09
  • Building Size: 4500.0
  • Driving Directions: From East Palm Canyon take Via Salida (north) to Avenida Olancha (east) to the property
  • Full Street Address: 435 E AVENIDA OLANCHA
  • Primary Object Modification Timestamp: 2014-10-15
  • Total Number of Units: 9
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1960

Interior Features

  • Appliances: Range
  • Advertising Remarks: Excellent opportunity in the MID CENTURY secluded and romantic 9 unit boutique hotel on a residential cul-de-sac with amazing west mountain views. Needs updating and renovation but what a great price! Owner ready to move on after 15 years. Lots of possi
  • Assessed Land Value: 163496.00
  • Total Bedrooms: 9
  • Builders Tract Code: 7000
  • Builders Tract Name: TAHQUITZ RIVER ESTAT
  • Construction: Frame and Stucco
  • Number Of Buildings: 1
  • Pool: No

Exterior Features

  • View: No
  • Lot Size Sq Ft: 16928

Garage/Parking

  • Parking Features: Uncovered
  • Parking Spaces Total: 14

Utilities

  • Cooling Type: Air Conditioning, Wall Unit(s)
  • Heating Fuel: Wall Gas
  • Heating Type: Forced Air, Wall Gas

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2014
Sold by
Secor J Michelle
Bought by
Little Paradise Hotel Llc
Current Estimated Value
$1,979,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$756,000
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 1999
Sold by
Pacholke Robert M and Pacholke Merrell M
Bought by
Secor J Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,375
Interest Rate
7.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 1995
Sold by
Mcgrath Rosella Marie
Bought by
Pacholke Robert and Merrell Robert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,300
Interest Rate
7.63%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Little Paradise Hotel Llc $965,000 Wfg Title
Secor J Michelle $397,500 First American Title Co
Pacholke Robert $290,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Little Paradise Hotel Llc $1,107,000
Closed Little Paradise Hotel Llc $190,000
Closed Little Paradise Hotel Llc $105,000
Closed Little Paradie Hotel Llc $1,177,950
Previous Owner Little Paradise Hotel Llc $756,000
Previous Owner Secor J Michelle $355,500
Previous Owner Secor J Michelle $342,000
Previous Owner Secor J Michelle $244,000
Previous Owner Secor J Michelle $185,000
Previous Owner Secor J Michelle $39,750
Previous Owner Secor J Michelle $258,375
Previous Owner Pacholke Robert $212,300
Closed Secor J Michelle $39,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2014 10/15/14 Sold $965,000 -3.0% $214 / Sq Ft
07/05/2014 07/05/14 Pending -- -- --
06/09/2014 06/09/14 For Sale $995,000 -- $221 / 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 $15,222 $1,159,776 $396,606 $763,170
2023 $15,222 $1,114,742 $381,206 $733,536
2022 $15,513 $1,092,885 $373,732 $719,153
2021 $15,219 $1,071,456 $366,404 $705,052
2020 $14,577 $1,060,470 $362,647 $697,823
2019 $15,830 $1,039,678 $355,537 $684,141
2018 $14,094 $1,024,096 $348,566 $675,530
2017 $13,904 $1,004,111 $341,732 $662,379
2016 $13,525 $984,518 $335,032 $649,486
2015 $12,945 $969,803 $330,000 $639,803
2014 $7,311 $483,735 $164,237 $319,498
Source: Public Records

Agents Affiliated with this Home

  • Scott Lyle

    Seller's Agent in 2014

    Scott Lyle

    Compass

    (760) 333-8454

    1 in this area

    50 Total Sales

    Scott Lyle
    Section Image

  • N

    Buyer's Agent in 2014

    NonMember AgentDefault

    NonMember OfficeDefault

See All Agents

Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 14-768303PS

APN: 508-353-019

California Riverside County Palm Springs 92264 Tahquitz River Estates

435 E Avenida Olancha, Palm Springs, CA

This home is located at 435 E Avenida Olancha, Palm Springs, CA 92264 since 09 June 2014 and is currently priced at $1,979,424, approximately $439 per square foot. This property was built in 1960. 435 E Avenida Olancha is a home located in Riverside County with nearby schools including Cahuilla Elementary School, Raymond Cree Middle School, and Palm Springs High School.

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