NOT LISTED FOR SALE

48114 Silver Spur Trail Palm Desert, CA 92260

Estimated Value: $1,457,000 - $1,752,000

3 Beds
3.5 Baths
2,590 Sq Ft
$620/Sq Ft Est. Value

Last Sold May 06, 2021

Last sale price $1,275,000 $492 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $10,029/month

39 Days on Market

Highlights

  • Heated In Ground Pool
  • Gourmet Kitchen
  • Mountain View
  • Palm Desert High School Rated A
  • Midcentury Modern Architecture
  • Retreat

About This Home

As of May 2021

Fabulous Mid Century rebuild from the ground up. Expansive 180 degree mountain views surround this property. This home was recently renovated from the studs out, including new plumbing, electrical, kitchen with double ovens and pot filler at gas stove, raised ceilings to include all new insulation. The main entry, from the circular driveway, opens into the living room, which features a beautiful floor-to-ceiling herringbone tile gas fireplace. The main bedroom suite with large walk in closet has an abundance of space and the designer chandeliers ooze nostalgic charm. But wait until you see the sexy egg-shaped soaking tub and retro-look tiled shower. The guest rooms are on the opposite side of the home for good separation of sleeping areas. Plenty of windows overlook the beautifully landscaped yard complete with covered patio and high pressure misting system with a compressor. The pool has been completely remodeled with new decking, plaster and pool equipment and a new spa installed. The garage has electric car and golf cart dedicated plugs and the home has 3 newer A/C units and hot water heater. This corner lot, complete with putting green, is one of the largest in Silver Spur Ranch. The original 400 acres was approved in1956 and featured modern style ranch houses, today known as mid century modern, designed by Palmer and Krisel. Early celebrity homeowners in this community were Bing Crosby, Phil Harris and Randolph Scott. Close to El Paseo, The Living Desert, hiking & more

Last Agent to Sell the Property

The Briggs Group

Compass License #01896117 Listed on: 03/12/2021

Co-Listed By

Laurie Briggs

Compass License #01896117

Last Buyer's Agent

The Briggs Group

Berkshire Hathaway HomeServices California Properties License #01896117

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,972

Year Built

  • Built in 1958

Lot Details

  • 0.55 Acre Lot
  • South Facing Home
  • Block Wall Fence
  • Corner Lot
  • Misting System
  • Sprinklers on Timer

HOA Fees

  • $15 Monthly HOA Fees

Property Views

  • Mountain
  • Pool

Home Design

  • Midcentury Modern Architecture
  • Tile Roof

Interior Spaces

  • 2,590 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Beamed Ceilings
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • Dining Area
  • Ceramic Tile Flooring
  • Prewired Security

Kitchen

  • Gourmet Kitchen
  • Breakfast Bar
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Retreat
  • Walk-In Closet
  • Powder Room
  • Secondary bathroom tub or shower combo
  • Bathtub
  • Shower Only in Secondary Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway
  • On-Street Parking

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Outdoor Pool
  • Gunite Spa
  • Waterfall Pool Feature
  • Pool Sweep

Outdoor Features

  • Covered Patio or Porch
  • Built-In Barbecue

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 655071008

Community Details

Overview

  • Silver Spur Ranch Subdivision

Recreation

  • Putting Green

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,972

Year Built

Built in 1958

Lot Details

0

HOA Fees

$15 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Leisure Faces South
  • Levels: One
  • Building Number Of Stories: 1
  • Building Style: Mid Century
  • List Price per Sq Ft: 511.58
  • Lp Sp Ratio: 0.9600
  • View Type: Mountain(s), Pool
  • Water District Name: CVWD
  • Year Built: 1958
  • Co Listing Office Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Co Selling Office Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Listing I D: 219059127
  • Listing Office Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Selling Office Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Land Type: Fee
  • Subdivision: Silver Spur Ranch
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Interior Amenities: Beamed Ceilings, Wet Bar, Block Walls
  • Fireplace Features: Gas Starter
  • Flooring: Ceramic Tile
  • Bedroom Features: Master Retreat, Walk In Closet
  • Total Bedrooms: 3
  • Bathroom Features: Powder Room, Tub Only, Shower Stall, Shower & Tub
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Eating Areas: Breakfast Counter/Bar, Dining Area
  • Kitchen Features: Gourmet Kitchen, Granite Slab Counters
  • Laundry: Individual Room
  • Estimated Sq Ft: 2590.00

Exterior Features

  • Other Features: Misting System, Putting Green
  • Roofing: Tile
  • Built-in BBQ: Gas
  • Fencing: Block
  • Patio: Covered, Misters, Concrete Slab
  • Pool: Yes
  • Pool Accessories: Waterfall, Pool Sweep
  • Pool Construction: In Ground
  • Pool Description: Heated, Gunite, Private
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: Gunite, In Ground
  • Spa Hot Tub Description: Heated, Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: On Street, Circular Driveway, Driveway, Garage Door Opener
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Total Uncovered Assigned Spaces: 4.00

Utilities

  • Volt 220: In Laundry
  • Cooling Type: Air Conditioning, Zoned, Central Air
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Security: Prewired For Alarm
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas

Association/Amenities

  • Association #1 Frequency: Monthly

Condo/Co-op/Association

  • HOA Information: Yes
  • HOA Fee 1: 15.00
  • Total Monthly Association Fees: 15.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 655071008
  • Irrigation: Sprinkler System, Sprinkler Timer
  • Lot Location: Corner Lot
  • Lot Size: 23958.00

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
Mar 12, 2021
Closed on
Mar 25, 2021
Sold by
Hennessy Mairead M
Bought by
Caruso Susan M and Back Thomas P
Seller's Agent
The Briggs Group
Compass
Buyer's Agent
The Briggs Group
Berkshire Hathaway HomeServices California Properties
List Price
$1,325,000
Sold Price
$1,275,000
Premium/Discount to List
-$50,000
-3.77%
Current Estimated Value
$1,604,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,699
Avg. Annual Appreciation
6.82%

Purchase Details

Listed on
Jul 9, 2019
Closed on
Oct 22, 2019
Sold by
Gallinger James Davis
Bought by
Gallinger Ashley Nicole
Seller's Agent
Anne Alexander
Equity Union
Buyer's Agent
The Briggs Group
Berkshire Hathaway HomeServices California Properties
List Price
$949,000
Sold Price
$915,000
Premium/Discount to List
-$34,000
-3.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.94%
Original Mortgage
$665,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 9, 2019
Closed on
Oct 16, 2019
Sold by
Armstrong Teri J
Bought by
Hennessy Mairead M
Seller's Agent
Anne Alexander
Equity Union
Buyer's Agent
The Briggs Group
Berkshire Hathaway HomeServices California Properties
List Price
$949,000
Sold Price
$915,000
Premium/Discount to List
-$34,000
-3.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2017
Sold by
Armstrong Teri Jan
Bought by
Armstrong Teri J

Purchase Details

Closed on
Mar 1, 2010
Sold by
Wright William H
Bought by
Armstrong Lindsay

Purchase Details

Closed on
Jan 26, 2009
Sold by
Wright William H
Bought by
Armstrong Lindsay

Purchase Details

Closed on
Jun 23, 2008
Sold by
Wright William H
Bought by
Armstrong Ashley Nicole

Purchase Details

Closed on
Jan 16, 2007
Sold by
Wright William H
Bought by
Wright William H
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
Caruso Susan M $1,275,000 First American Title Company
Gallinger Ashley Nicole -- First American Title Company
Sawaf Lindsay Marie -- First American Title Company
Hennessy Mairead M $915,000 First American Title Co
Armstrong Teri J -- None Available
Armstrong Lindsay -- None Available
Armstrong Ashley Nicole -- None Available
Armstrong Lindsay -- None Available
Armstrong Ashley Nicole -- None Available
Armstrong Ashley Nicole -- None Available
Armstrong Lindsay -- None Available
Wright William H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hennessy Mairead M $665,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2021 05/06/21 Sold $1,275,000 -3.8% $492 / Sq Ft
04/20/2021 04/20/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $1,325,000 +44.8% $512 / Sq Ft
11/08/2019 11/08/19 Sold $915,000 -3.6% $353 / Sq Ft
07/09/2019 07/09/19 Pending -- -- --
07/09/2019 07/09/19 For Sale $949,000 -- $366 / 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 $17,972 $1,380,099 $460,033 $920,066
2023 $17,972 $1,326,510 $442,170 $884,340
2022 $17,518 $953,273 $30,916 $922,357
2021 $12,928 $934,582 $30,310 $904,272
2020 $12,586 $915,000 $30,000 $885,000
2019 $3,554 $171,004 $22,535 $148,469
2018 $3,512 $167,652 $22,096 $145,556
2017 $3,415 $164,365 $21,663 $142,702
2016 $3,351 $161,143 $21,239 $139,904
2015 $3,344 $158,724 $20,921 $137,803
2014 $3,254 $155,616 $20,512 $135,104
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219059127

California Desert Association of REALTORS®

APN: 655-071-008