NOT LISTED FOR SALE

505 Camino Sur Palm Springs, CA 92262

Old Las Palmas Neighborhood

Estimated Value: $2,167,000 - $2,997,000

3 Beds
3 Baths
2,818 Sq Ft
$954/Sq Ft Est. Value

Last Sold March 17, 2014

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

Est. 207% increase in value since last sale

Current estimated payment $17,168/month

5 Days on Market

About This Home

As of March 2014

Only $875,000 for this 3 bedroom, 3 bathroom home in Old Las Palmas with south-facing backyard, pool, and detached pool house! Ultra-private front and back yards, formal living room with fireplace plus casual family room with secondary fireplace, well-maintained kitchen and bathrooms, too. This home was occupied by the late Sidney Sheldon and is currently owned and occupied by his widow. Be sure to check their adjacent property that is also available for purchase (480 West Via Lola) as these two estates are currently connected via pedestrian gate!

Last Agent to Sell the Property

Brady Sandahl

Keller Williams Luxury Homes License #01416687 Listed on: 02/17/2014

Keller Williams Luxury Homes

Last Buyer's Agent

Brady Sandahl

Keller Williams Luxury Homes License #01416687 Listed on: 02/17/2014

Keller Williams Luxury Homes

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,656

Year Built

1948

Lot Details

0

Parking

1

Listing Details

  • Active Date: 2014-02-17
  • Full Bathroom: 3
  • Building Size: 2818.0
  • Driving Directions: From Palm Canyon: Turn west onto Via Lola, turn right (north) onto Mission, turn left (west) onto Camino del Sur.
  • Full Street Address: 505 CAMINO DEL SUR
  • Pool Descriptions: Private Pool
  • Primary Object Modification Timestamp: 2015-08-10
  • Total Number of Units: 1
  • View Type: Mountain View, Pool View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1948

Interior Features

  • Eating Areas: Dining Area
  • Appliances: Range
  • Advertising Remarks: Only $875,000 for this 3 bedroom, 3 bathroom home in Old Las Palmas with south-facing backyard, pool, and detached pool house! Ultra-private front and back yards, formal living room with fireplace plus casual family room with secondary fireplace, well-m
  • Total Bedrooms: 3
  • Builders Tract Code: 5650
  • Builders Tract Name: OLD LAS PALMAS
  • Fireplace: Yes
  • Fireplace Rooms: Family Room, Living Room
  • Appliances: Dishwasher
  • Floor Material: Stone, Stone Tile, Travertine
  • Laundry: Inside
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 15682
  • Common Walls: Detached/No Common Walls
  • Direction Faces: Faces North
  • Other Structures: GuestHouse

Garage/Parking

  • Garage Spaces: 1.0
  • Total Parking Spaces: 1
  • Parking Features: Gated
  • Parking Type: Garage, Garage - Single Door, Garage Is Attached

Utilities

  • Water Heater: Water Heater Central
  • Cooling Type: Air Conditioning, Attic Fan
  • Heating Type: Central Furnace, Fireplace

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Lot Description: Automatic Gate, Back Yard, Front Yard, Landscaped, Lawn

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2014
Closed on
Mar 13, 2014
Sold by
Sheldon Alexandra
Bought by
The Taylor/Reiser Family Trust
Seller's Agent
Brady Sandahl
Keller Williams Luxury Homes
Buyer's Agent
Brady Sandahl
Keller Williams Luxury Homes
List Price
$875,000
Sold Price
$875,000
Current Estimated Value
$2,687,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,812,318
Avg. Annual Appreciation
10.26%

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

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
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
02/22/2014 02/22/14 Pending -- -- --
02/17/2014 02/17/14 For Sale $875,000 -- $311 / 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 $31,656 $2,653,019 $848,966 $1,804,053
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

  • Brady Sandahl

    Seller's Agent in 2014

    Brady Sandahl

    Keller Williams Luxury Homes

    (760) 656-6052

    6 in this area

    535 Total Sales

    Brady Sandahl
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Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 14-737753PS

APN: 505-232-005

California Riverside County Palm Springs 92262 Old Las Palmas

505 Camino Sur, Palm Springs, CA

This home is located at 505 Camino Sur, Palm Springs, CA 92262 since 17 February 2014 and is currently estimated at $2,687,318, approximately $953 per square foot. This property was built in 1948. 505 Camino 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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