NOT LISTED FOR SALE

Estimated Value: $3,393,000 - $5,541,000

5 Beds
7 Baths
5,922 Sq Ft
$754/Sq Ft Est. Value

Last Sold April 20, 2018

Last sale price $2,500,000 $422 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $27,901/month

8 Days on Market

About This Home

As of April 2018

WELCOME HOME to a spectacular mid-century estate designed by renowned architect Hugh Kaptur located in the coveted neighborhood of OLD LAS PALMAS in Palm Springs, CA. The 5,922 sq.ft. walled estate is situated on a prime south facing almost 1/2 acre lot with mountain views. The tasteful interiors are consistent with the home's mid-century architecture. The 5-bedroom 7 bath property was recently remodeled with the finest materials and custom craftsmanship. New porcelain plank flooring throughout (except bedrooms) and pool area, extends out to the new stunning cast glass entrance. The crescendo for the home is its spectacular pool/spa and sundecks with mountain views, accessed from every main room. Formal dining room. Custom kitchen with high-end appliances opens to a large family room with casual dining and wet bar. Private master suite features fireplace, soaking tub, two walk-in closets. 4 guest suites each with ensuite bath. Desert landscape. Buyer to verify square

Last Agent to Sell the Property

John Campbell

Keller Williams Luxury Homes License #02019199 Listed on: 03/15/2018

Keller Williams Luxury Homes

Last Buyer's Agent

Jacquelyn Storm

Cameron Realty Group License #01298323

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2018
Closed on
Mar 27, 2018
Sold by
Luckman Denise A
Bought by
Galas Thomas and Galas Patricia
Seller's Agent
John Campbell
Keller Williams Luxury Homes
Buyer's Agent
Jacquelyn Storm
Cameron Realty Group
List Price
$2,275,000
Sold Price
$2,500,000
Premium/Discount to List
$225,000
9.89%
Total Days on Market
8
Current Estimated Value
$4,462,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,962,960
Avg. Annual Appreciation
8.73%

Purchase Details

Closed on
Dec 19, 2016
Sold by
Luckman Denise
Bought by
Luckman Denise A and Charles & Denise Luckman Trust

Purchase Details

Listed on
Nov 19, 2013
Closed on
Mar 5, 2014
Sold by
Bates Bradford Wayne and Hall Douglas Deane
Bought by
Luckman Denise and The Charles & Denise Luckman Trust
Seller's Agent
Gayle DeWitt
Coldwell Banker Realty
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$2,795,000
Sold Price
$2,495,000
Premium/Discount to List
-$300,000
-10.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.49%

Purchase Details

Closed on
Jan 21, 2011
Sold by
Elsner Robert H and Elsner Nancy L
Bought by
Bates Bradford Wayne and Hall Douglas Deane

Purchase Details

Closed on
Feb 10, 2006
Sold by
Elsner Robert H and Elsner Nancy L
Bought by
Elsner Robert H and Elsner Nancy L

Purchase Details

Closed on
Apr 21, 2003
Sold by
Elsner Robert H and Elsner Nancy L
Bought by
Elsner Robert H and Elsner Nancy L

Purchase Details

Closed on
Feb 12, 2002
Sold by
Neal Robert M
Bought by
Elsner Robert H and Elsner Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.8%

Purchase Details

Closed on
Dec 6, 2000
Sold by
Bazak Ilan
Bought by
Neal Robert M and The Robert M Neal Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 7, 1999
Sold by
Cohen Hazel D
Bought by
Bazak Ilan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.95%

Purchase Details

Closed on
Dec 3, 1999
Sold by
Bazak Ronit
Bought by
Bazak Ilan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.95%
Source: Public Records

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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
Galas Thomas $2,500,000 Orange Coast Title
Luckman Denise A -- None Available
Luckman Denise $2,495,000 Equity Title Orange County-I
Bates Bradford Wayne $1,275,000 First American Title Company
Elsner Robert H -- First American Title Company
Elsner Robert H -- First American Title Company
Elsner Robert H -- --
Elsner Robert H $1,312,500 First American Title Co
Neal Robert M $1,200,000 First American Title Co
Bazak Ilan $900,000 Fidelity National Title
Bazak Ilan -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elsner Robert H $160,000
Previous Owner Elsner Robert H $806,750
Previous Owner Elsner Robert H $743,000
Previous Owner Elsner Robert H $100,000
Previous Owner Elsner Robert H $650,000
Previous Owner Neal Robert M $100,000
Previous Owner Bazak Ilan $650,000
Previous Owner Cohen Hazel D $44,346
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2018 04/20/18 Sold $2,500,000 +9.9% $422 / Sq Ft
03/23/2018 03/23/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $2,275,000 -8.8% $384 / Sq Ft
03/25/2014 03/25/14 Sold $2,495,000 -10.7% $421 / Sq Ft
03/12/2014 03/12/14 Pending -- -- --
11/19/2013 11/19/13 For Sale $2,795,000 -- $472 / 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
2023 $34,179 $2,734,113 $956,939 $1,777,174
2022 $34,883 $2,680,504 $938,176 $1,742,328
2021 $34,163 $2,627,946 $919,781 $1,708,165
2020 $32,593 $2,601,000 $910,350 $1,690,650
2019 $32,020 $2,550,000 $892,500 $1,657,500
2018 $33,753 $2,688,035 $808,026 $1,880,009
2017 $33,181 $2,635,330 $792,183 $1,843,147
2016 $32,258 $2,583,657 $776,650 $1,807,007
2015 $31,044 $2,544,850 $764,985 $1,779,865
2014 $16,533 $1,332,529 $466,385 $866,144
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 18-324226PS

APN: 505-252-003