$605,000
SOLD OCT 18, 2024
2 Beds
1 Bath
1,210 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$500 Per Sq Ft

19% Below List Price

91 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Family Room
  • Palm Springs High School Rated A-
  • Bungalow
  • Vinyl Flooring

About This Home

As of October 2024

Amazing investor opportunity! Whether you are looking to move in and make it your own or get your design hands on a home with so much upside potential, this 1946 bungalow is ready to be brought into its next era. This 2 bed, 1 bath house is in the heart of Movie Colony East, one of Palm Springs' most picturesque neighborhoods, and where you are close to everything Palm Springs has to offer. And this is an opportunity to buy in this community for under a million dollars. You are just blocks from the beloved Ruth Hardy Park, which has tennis, basketball, sand volleyball courts, picnic tables, kids' play areas, dog play areas, and twenty-two acres of beautiful greenery. This house is on a large lot with plenty of room for a pool, and there's a detached garage for covered parking. You are less than a mile to the incredible downtown restaurants and lifestyle. This is the perfect neighborhood to exercise, explore on your bike, take your dog for a walk, and love the joy that is the Palm Springs outdoors!

Last Agent to Sell the Property

Matt Ennis

Bennion Deville Homes License #02076928 Listed on: 06/11/2024

Bennion Deville Homes

Co-Listed By

Walter Barnes

Bennion Deville Homes License #02006023T

Last Buyer's Agent

James Bianco

Coldwell Banker Realty License #01954998

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,798

Year Built

  • Built in 1946

Lot Details

  • 6,098 Sq Ft Lot
  • Property is zoned R1C

Parking

  • 1 Parking Space

Home Design

  • Bungalow

Interior Spaces

  • 1,210 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Vinyl Flooring
  • Mountain Views
  • Oven or Range
  • Laundry in Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 507-292-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,798

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Builders Tract Code: 5740
  • Living Area: 1210
  • Lot Acreage: 0.1400
  • Stories: 1
  • Year Built: 1946
  • Builders Tract Name: Movie Colony East
  • Number Of Photos: 37
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Vinyl
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: In Kitchen
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 537.19

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Mountains
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 1 Car
  • Total Parking: 1

Utilities

  • Cooling: Window Unit(s)

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 507-292-007
  • Lot Size Area: 6098

Rental Info

  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2024
Closed on
Sep 24, 2024
Sold by
Pearman Revocable Family Trust and Pearman Robert L
Bought by
Vertin-Shere Family Trust and Vertin
Seller's Agent
Matt Ennis
Bennion Deville Homes
Buyer's Agent
James Bianco
Coldwell Banker Realty
List Price
$750,000
Sold Price
$605,000
Premium/Discount to List
-$145,000
-19.33%
Views
26
Current Estimated Value
$647,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,207
Avg. Annual Appreciation
-0.53%
Original Mortgage
$453,750
Outstanding Balance
$449,425
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$152,666

Purchase Details

Closed on
Apr 9, 2021
Sold by
Pearman Kim H
Bought by
Pearman Kim and Pearman Carol

Purchase Details

Closed on
Nov 22, 1993
Sold by
Pearman Kim H and Pearman Carol P
Bought by
Pearman Revocable Family Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $605,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $453,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Sold $605,000 -6.9% $500 / Sq Ft
09/10/2024 09/10/24 Pending -- -- --
07/30/2024 07/30/24 Price Changed $650,000 -5.1% $537 / Sq Ft
07/08/2024 07/08/24 Price Changed $685,000 -8.7% $566 / Sq Ft
06/11/2024 06/11/24 For Sale $750,000 -- $620 / 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 $1,798 $605,000 $181,501 $423,499
2023 $1,798 $123,408 $39,798 $83,610
2022 $1,830 $120,989 $39,018 $81,971
2021 $1,797 $118,617 $38,253 $80,364
2020 $1,727 $117,401 $37,861 $79,540
2019 $1,700 $115,100 $37,119 $77,981
2018 $1,671 $112,844 $36,392 $76,452
2017 $1,648 $110,632 $35,679 $74,953
2016 $1,605 $108,464 $34,980 $73,484
2015 $1,529 $106,836 $34,455 $72,381
2014 $1,494 $104,745 $33,781 $70,964
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-402853

The MLS

APN: 507-292-007