NOT LISTED FOR SALE

503 E Laurel Cir Palm Springs, CA 92262

Racquet Club Estates Neighborhood

Estimated Value: $979,000 - $1,300,000

4 Beds
3 Baths
1,740 Sq Ft
$644/Sq Ft Est. Value

Last Sold December 01, 2015

Last sale price $700,750 $403 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $6,955/month

70 Days on Market

About This Home

As of December 2015

RARE! The ULTIMATE MID CENTURY home. Palmer & Krisel designed, Alexander Construction Company, c. 1959. World famous Racquet Club Estates. Expanded ALEXANDER plus CASITA: FOUR bedrooms and THREE bathrooms. Covetable south and west facing SALT WATER, heated pool highlighting the gorgeous San Jacinto Mountains. Relax in luxuriant landscaping in the warm winter sunshine. Eye-catching flagstone front exterior. Mod and groovy interior dressed up to the standards demanded by buyers. Walls of glass sliders. Great kitchen Bonus office. Two car GARAGE. FEE land. Upgrades: insulated roof (2014), dual glazed low e glass (2006), Tankless water heater, 200 AMP electric panel, copper pipes (2004). This is an extraordinary opportunity to snatch up a unique, one-of-a-kind mid-century as season is just around the corner. Seldom used private residence (not used as a vacation rental) Time for you to enjoy, WOW guests or make some serious bank!!! (Furnishings available outside of escrow).

Last Agent to Sell the Property

Robert Kalin

Keller Williams Luxury Homes License #01224701 Listed on: 09/01/2015

Keller Williams Luxury Homes

Last Buyer's Agent

Joseph Chung

Compass License #01963102

Compass

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,157

Year Built

1959

Lot Details

0

Listing Details

  • Active Date: 2015-10-06
  • Three Quarter Bathrooms: 3
  • Building Size: 1740.0
  • Building Structure Style: Mid Century
  • Driving Directions: Racquet Club, North on Starr, Left on Laurel
  • Full Street Address: 503 E LAUREL CIR
  • Pool Construction: In Ground
  • Pool Descriptions: Heated And Filtered, Heated - Gas, Private Pool
  • Primary Object Modification Timestamp: 2015-12-01
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1959

Interior Features

  • Bathroom Features: Remodeled
  • Bedroom Features: Master Bedroom, Master Suite
  • Eating Areas: Dining Area
  • Appliances: Range
  • Advertising Remarks: RARE! The ULTIMATE MID CENTURY home. Palmer & Krisel designed, Alexander Construction Company, c. 1959. World famous Racquet Club Estates. Expanded ALEXANDER plus CASITA: FOUR bedrooms and THREE bathrooms. Covetable south and west facing SALT WATER, he
  • Total Bedrooms: 4
  • Builders Tract Code: 5140
  • Builders Tract Name: RACQUET CLUB EAST
  • Fireplace: No
  • Interior Amenities: Furnished
  • Appliances: Dishwasher, Dryer, Garbage Disposal, Refrigerator, Washer
  • Laundry: Individual Room
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 10454
  • Common Walls: Detached/No Common Walls
  • Construction: Flagstone, Stucco
  • Other Structures: Guest House Attached
  • Patio: Patio Open

Garage/Parking

  • Parking Type: Garage - Two Door

Utilities

  • Cooling Type: Air Conditioning
  • Heating Type: Central Furnace

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2022
Sold by
Vitrano Dana M and Vitrano Alec G
Bought by
Traub Alec G
Current Estimated Value
$1,121,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$571,000
Outstanding Balance
$535,403
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$574,025

Purchase Details

Listed on
Sep 1, 2015
Closed on
Oct 23, 2015
Sold by
Kotziagkiaouridis John
Bought by
Vitrano Dana M and Traub Alec G
Seller's Agent
Robert Kalin
Keller Williams Luxury Homes
Buyer's Agent
Joseph Chung
Compass
List Price
$699,000
Sold Price
$700,750
Premium/Discount to List
$1,750
0.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.83%
Original Mortgage
$560,600
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 22, 2014
Closed on
Jul 9, 2014
Sold by
Stronach Brien D and Fernandez Jaime
Bought by
Kotziagkiaouridis John
Seller's Agent
Dominique Vythelingum
The Paul Kaplan Group Inc
Buyer's Agent
Robert Kalin
Keller Williams Luxury Homes
List Price
$619,000
Sold Price
$595,000
Premium/Discount to List
-$24,000
-3.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.63%
Original Mortgage
$476,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 18, 2004
Sold by
Vantrease Michael H
Bought by
Stronach Brien D and Fernandez Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 2001
Sold by
Vantrease Michael H
Bought by
Vantrease Michael H

Purchase Details

Closed on
Sep 5, 2001
Sold by
Wesolek James J
Bought by
Vantrease Michael H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,750
Interest Rate
6.25%

Purchase Details

Closed on
Feb 5, 1998
Sold by
Carbajal Richard P and Carbajal Charles
Bought by
Stone Alfred B and The Alfred B Stone Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
6.95%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 23, 1997
Sold by
Stone Alfred B
Bought by
Wesolek James J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
6.95%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 16, 1997
Sold by
Stone Alfred Benjamin
Bought by
Stone Alfred B and Alfred B Stone Revocable Trust

Purchase Details

Closed on
Aug 11, 1997
Sold by
Carbajal Richard P
Bought by
Stone Alfred Benjamin

Purchase Details

Closed on
May 24, 1993
Sold by
Stone Alfred Benjamin
Bought by
Carbajal Richard P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.25%
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
Traub Alec G -- Wfg National Title
Vitrano Dana M $701,000 Lawyers Title
Kotziagkiaouridis John $595,000 First American Title Company
Stronach Brien D $330,000 Fidelity National Title Co
Vantrease Michael H -- --
Vantrease Michael H $185,000 Orange Coast Title
Stone Alfred B -- Chicago Title Co
Wesolek James J $100,000 Chicago Title Co
Stone Alfred B -- --
Stone Alfred Benjamin -- Fidelity National Title Ins
Carbajal Richard P -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Traub Alec G $571,000
Previous Owner Vitrano Dana M $560,600
Previous Owner Kotziagkiaouridis John $476,000
Previous Owner Stronach Brien D $316,000
Previous Owner Stronach Brien D $323,300
Previous Owner Stronach Brien D $330,000
Previous Owner Stronach Brien $100,000
Previous Owner Stronach Brien D $264,000
Previous Owner Vantrease Michael H $37,950
Previous Owner Vantrease Michael H $175,750
Previous Owner Wesolek James J $95,000
Previous Owner Carbajal Richard P $125,000
Closed Stronach Brien D $49,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2015 12/01/15 Sold $700,750 +0.3% $403 / Sq Ft
11/10/2015 11/10/15 Pending -- -- --
10/06/2015 10/06/15 For Sale $699,000 0.0% $402 / Sq Ft
10/06/2015 10/06/15 Price Changed $699,000 -0.2% $402 / Sq Ft
09/28/2015 09/28/15 Off Market $700,750 -- --
09/01/2015 09/01/15 For Sale $725,000 +21.8% $417 / Sq Ft
08/20/2014 08/20/14 Sold $595,000 -3.9% $342 / Sq Ft
07/03/2014 07/03/14 Pending -- -- --
06/22/2014 06/22/14 For Sale $619,000 -- $356 / 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 $10,157 $829,536 $290,025 $539,511
2023 $10,157 $797,326 $278,764 $518,562
2022 $10,362 $781,694 $273,299 $508,395
2021 $10,152 $766,368 $267,941 $498,427
2020 $9,694 $758,511 $265,194 $493,317
2019 $9,527 $743,640 $259,995 $483,645
2018 $9,348 $729,060 $254,898 $474,162
2017 $9,210 $714,765 $249,900 $464,865
2016 $8,940 $700,750 $245,000 $455,750
2015 $7,439 $595,000 $178,500 $416,500
2014 $4,813 $382,734 $76,542 $306,192
Source: Public Records

Agents Affiliated with this Home

  • Robert Kalin

    Seller's Agent in 2015

    Robert Kalin

    Keller Williams Luxury Homes

    (760) 813-1000

    67 Total Sales

    Robert Kalin
    Section Image
  • Joseph Chung

    Buyer's Agent in 2015

    Joseph Chung

    Compass

    (949) 678-0999

    61 Total Sales

    Joseph Chung
    Section Image

  • J

    Buyer's Agent in 2015

    Joe Chung

    Compass

    Section Image

  • D

    Seller's Agent in 2014

    Dominique Vythelingum

    The Paul Kaplan Group Inc

    Section Image
  • Alex Dethier

    Seller Co-Listing Agent in 2014

    Alex Dethier

    BD Homes-The Paul Kaplan Group

    (760) 808-3300

    11 in this area

    285 Total Sales

    Alex Dethier
    Section Image
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Map

Source: The MLS

MLS Number: 15-935327PS

The MLS

APN: 501-051-021

California Riverside County Palm Springs 92262 Racquet Club Estates

503 E Laurel Cir, Palm Springs, CA

This home is located at 503 E Laurel Cir, Palm Springs, CA 92262 since 01 September 2015 and is currently estimated at $1,121,341, approximately $644 per square foot. This property was built in 1959. 503 E Laurel Cir 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.

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