NOT LISTED FOR SALE

505 Camino Del Sur Palm Springs, CA 92262

Old Las Palmas Neighborhood

Estimated Value: $2,225,000 - $2,962,000

3 Beds
3 Baths
2,818 Sq Ft
$944/Sq Ft Est. Value

Last Sold March 17, 2014

Last sale price $875,000 $311 Per Sq Ft

Est. 204% increase in value since last sale

Current estimated payment $16,761/month

6 Days on Market

Highlights

  • Pool House
  • Mountain View
  • Formal Dining Room
  • Palm Springs High School Rated A-
  • Lawn
  • Forced Air Heating and Cooling System

About This Home

As of March 2014

This is part of the Old Las Palmas estate belonging to the author Sidney Sheldon. Property can also be bought with 480 W. Via Lola which is listed at $1,875,000 to make a larger estate.

Last Agent to Sell the Property

Brook Ashley

Berkshire Hathaway HomeServices California Properties License #01027187 Listed on: 02/19/2014

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Non Member Agent

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,656

Year Built

  • Built in 1948

Lot Details

  • 0.36 Acre Lot
  • Level Lot
  • Lawn

Parking

  • Garage

Interior Spaces

  • 2,818 Sq Ft Home
  • Living Room with Fireplace
  • Formal Dining Room
  • Mountain Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Pool

  • Pool House
  • Outdoor Pool

Additional Features

  • City Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 505232005

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,656

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1948
  • Reso Property Sub Type: Home/Estate
  • ResoLotFeatures: Level
  • Subdivision Name: Other
  • Garage Yn: Yes
  • Property Information Year Built2: 1948
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • Property Information Within City Limits: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Lawn2: Yes
  • Fireplace(s) LR: Yes
  • Cooling Central Air: Yes
  • Dining Formal2: Yes
  • Property Information Apx Lot SqFt: 15682.0
  • ParkingGarage Gar #12: Yes
  • GroundsLandscaping Pool House2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: LR

Exterior Features

  • View: Mountain(s)
  • Acres: 0.36
  • Topography: Level
  • Exterior Features: Pool, Pool House, Lawn

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #1

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 505232005
  • Zoning: Other
  • Lot Size Sq Ft: 15682.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2022
Sold by
Taylor/Reiser Family Trust
Bought by
Rc Legacy Trust
Total Days on Market
6
Current Estimated Value
$2,661,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Outstanding Balance
$3,379,223
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
-$648,176

Purchase Details

Listed on
Feb 19, 2014
Closed on
Mar 13, 2014
Sold by
Sheldon Alexandra
Bought by
The Taylor/Reiser Family Trust
Seller's Agent
Brook Ashley
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$875,000
Sold Price
$875,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.69%

Purchase Details

Closed on
Jul 8, 2011
Sold by
Richmond Robert A and Richmond Elise
Bought by
Sheldon Alexandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2005
Sold by
Sherrill Taylor
Bought by
Richmond Robert A and Richmond Elise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 14, 2003
Sold by
Sheldon Sidney
Bought by
Sherrill Taylor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
5.82%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 13, 2001
Sold by
Robertson Hugh Duff
Bought by
Sheldon Sidney

Purchase Details

Closed on
Mar 20, 1996
Sold by
Bruce Eicher
Bought by
Eicher Bruce

Purchase Details

Closed on
Jun 14, 1995
Sold by
The First National Bank Of Chicago
Bought by
Eicher Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
The Taylor/Reiser Family Trust $875,000 First American Title Company
Sheldon Alexandra $700,000 First American Title Company
Richmond Robert A $1,240,000 First American Title Company
Sherrill Taylor $700,000 First American Title Co
Sheldon Sidney $780,000 Equity Title Company
Eicher Bruce -- --
Eicher Bruce $287,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sheldon Alexandra $525,000
Previous Owner Richmond Robert A $820,000
Previous Owner Richmond Robert A $760,000
Previous Owner Sherrill Taylor $738,000
Previous Owner Sherrill Taylor $560,000
Previous Owner Sherrill Taylor $70,000
Previous Owner Eicher Bruce $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2014 03/17/14 Sold $875,000 0.0% $311 / Sq Ft
02/25/2014 02/25/14 Pending -- -- --
02/19/2014 02/19/14 For Sale $875,000 -- $311 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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
2023 $31,656 $2,550,000 $816,000 $1,734,000
2022 $13,226 $1,022,080 $353,473 $668,607
2021 $12,952 $1,002,041 $346,543 $655,498
2020 $12,353 $991,767 $342,990 $648,777
2019 $12,134 $972,321 $336,265 $636,056
2018 $11,901 $953,257 $329,673 $623,584
2017 $11,962 $934,566 $323,209 $611,357
2016 $11,609 $916,242 $316,872 $599,370
2015 $11,040 $892,481 $312,113 $580,368
2014 $8,996 $717,241 $251,034 $466,207
Source: Public Records

Agents Affiliated with this Home

  • Brook Ashley

    Seller's Agent in 2014

    Brook Ashley

    Berkshire Hathaway HomeServices California Properties

    (805) 689-0480

    4 Total Sales

    Brook Ashley
    Section Image

  • N

    Buyer's Agent in 2014

    Non Member Agent

    Non Member Office

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 14-501

Santa Barbara Multiple Listing Service

APN: 505-232-005

California Riverside County Palm Springs 92262 Old Las Palmas

505 Camino Del Sur, Palm Springs, CA

This home is located at 505 Camino Del Sur, Palm Springs, CA 92262 since 19 February 2014 and is currently estimated at $2,661,330, approximately $944 per square foot. This property was built in 1948. 505 Camino Del Sur is a home located in Riverside County with nearby schools including Katherine Finchy Elementary School, Raymond Cree Middle School, and Palm Springs High School.

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