NOT LISTED FOR SALE

555 W Arenas Rd Unit 5 Palm Springs, CA 92262

Historic Tennis Club Neighborhood

Estimated Value: $437,156 - $628,000

1 Bed
1 Bath
988 Sq Ft
$400/mo HOA Fee

Last Sold August 28, 2020

Last sale price $390,000 $395 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,764/month

14 Days on Market

Highlights

  • In Ground Pool
  • Gated Community
  • Furnished
  • Palm Springs High School Rated A-
  • Mountain View
  • Breakfast Bar

About This Home

As of August 2020

This just has to be one of the finest locations in Palm Springs! Properties like this do not become available very often. At the top of the Historic Tennis Club and nestled at the base the San Jacinto Mountains with tremendous views, this property puts you right at the edge of the new downtown village. Take a walk to the Kimpton Rowan and take in the rooftop bar and restaurant, or stroll on down to the famous Spencer's Restaurant at the heart of The Tennis Club. Everything you want to do downtown is so nearby. This spacious 1-bed/1-bath also has a poolside patio in front and another more intimate patio off the master bedroom and the kitchen. Large living and dining room, too.

Last Agent to Sell the Property

Anne Ferguson

Re/Max Area Experts License #01928503 Listed on: 07/16/2020

Co-Listed By

Betty McNees

RE/MAX Area Experts License #00990429

Last Buyer's Agent

Anne Ferguson

Re/Max Area Experts License #01928503 Listed on: 07/16/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,286

Year Built

  • Built in 1980

Lot Details

  • West Facing Home
  • Fenced

HOA Fees

  • $400 Monthly HOA Fees

Interior Spaces

  • 988 Sq Ft Home
  • Furnished
  • Family Room
  • Dining Area
  • Ceramic Tile Flooring
  • Mountain Views
  • Breakfast Bar
  • Laundry in Kitchen

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Car Parking Space
  • 1 Assigned Parking Space

Pool

  • In Ground Pool
  • In Ground Spa

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Powered By Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 513135005

Community Details

Overview

  • Association fees include building & grounds

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Card or Code Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,286

Year Built

Built in 1980

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Attached/Detached: Yes
  • Property Orientation Faces: Front Door Faces West
  • Levels: Ground
  • List Price per Sq Ft: 403.85
  • Lp Sp Ratio: 0.9800
  • View Type: Mountain(s)
  • Year Built: 1980
  • Co Listing Member Address: 1733 N Palm Canyon Drive, Unit A, Palm Springs, CA 92262
  • Co Listing Member Fax: (760) 325-4465
  • Co Listing Office Address: 201 N Palm Canyon Dr ste 220, Palm Springs, CA 92262
  • Co Selling Member Address: 201 N Palm Canyon Drive, Suite 120, Palm Springs, CA 92262
  • Co Selling Office Address: 201 N Palm Canyon Drive, Suite 120, Palm Springs, CA 92262
  • Co Selling Office Fax: (760) 327-3991
  • Listing I D: 219046596
  • Listing Member Address: 201 N Palm Canyon Dr ste 220, Palm Springs, CA 92262
  • Listing Office Address: 201 N Palm Canyon Dr ste 220, Palm Springs, CA 92262
  • Selling Member Address: 201 N Palm Canyon Dr ste 220, Palm Springs, CA 92262
  • Selling Office Address: 201 N Palm Canyon Dr ste 220, Palm Springs, CA 92262
  • Street Direction: W
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Special Features: None

Interior Features

  • Flooring: Ceramic Tile
  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Eating Areas: Breakfast Counter/Bar, Dining Area
  • Laundry: In Kitchen
  • Estimated Sq Ft: 988.00

Exterior Features

  • Fencing: Fenced
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Community
  • Pool Location: Community
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Community
  • View: Yes

Garage/Parking

  • Parking: Assigned
  • Total Parking Spaces: 1.00
  • Total Uncovered Assigned Spaces: 1.00

Utilities

  • TV Svcs: Cable TV
  • Cooling Type: Air Conditioning, Gas, Central Air
  • Heating: Forced Air
  • Security: Card/Code Access, Gated Community
  • Sewer: In, Connected and Paid

Association/Amenities

  • Association #1 Frequency: Monthly
  • Pet Rules: Assoc Pet Rules
  • Gated Community: Yes

Condo/Co-op/Association

  • Association Fees Include: Building & Grounds
  • Association Amenities: Controlled Access
  • HOA Information: Yes
  • HOA Fee 1: 400.00
  • Total Monthly Association Fees: 400.00

Lot Info

  • Assessor Parcel Number: 513135005
  • Lot Acres: 0.0300
  • Lot Size: 1307.00

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee Simple

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2020
Closed on
Aug 11, 2020
Sold by
Soriano William R
Bought by
Paul Thomas S and Lenz Robert S
Seller's Agent
Anne Ferguson
Re/Max Area Experts
Buyer's Agent
Anne Ferguson
Re/Max Area Experts
List Price
$399,000
Sold Price
$390,000
Premium/Discount to List
-$9,000
-2.26%
Current Estimated Value
$558,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,539
Avg. Annual Appreciation
7.19%

Purchase Details

Listed on
Jan 23, 2018
Closed on
Mar 26, 2018
Sold by
Cochran Ray L
Bought by
Soriano William R
Seller's Agent
Betty McNees
Re/Max Desert Properties
Buyer's Agent
Betty McNees
Re/Max Desert Properties
List Price
$399,000
Sold Price
$375,000
Premium/Discount to List
-$24,000
-6.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.63%
Original Mortgage
$337,125
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2013
Closed on
Jul 1, 2013
Sold by
Sharp Robin M and Grove James E
Bought by
Cochran Ray L
Seller's Agent
Sandra Quinn
Realty Trust
Buyer's Agent
Sandra Quinn
Realty Trust
Sold Price
$960

Purchase Details

Closed on
Apr 19, 2001
Sold by
Collins Richard and Collins Geraldine A
Bought by
Sharp Robin M and Grove James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,400
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 1998
Sold by
Gilroy John W and Lilly Jenne
Bought by
Collins Richard and Collins Geraldine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
7.13%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 8, 1993
Sold by
Bremner James D and Bremner Linnea
Bought by
Gilroy John W and Gilroy Jeanne Lilly
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
Paul Thomas S $390,000 Chicago Title Inland Empire
Soriano William R $375,000 Orange Coast Title
Cochran Ray L $215,000 Fidelity National Title Co
Sharp Robin M $198,000 First American Title Co
Collins Richard $100,000 First American Title Ins Co
Gilroy John W $125,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Soriano William R $337,125
Previous Owner Sharp Robin M $158,400
Previous Owner Collins Richard $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/28/2020 08/28/20 Sold $390,000 -2.3% $395 / Sq Ft
07/30/2020 07/30/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $399,000 +6.4% $404 / Sq Ft
03/30/2018 03/30/18 Sold $375,000 -6.0% $380 / Sq Ft View Prior Sale
01/23/2018 01/23/18 For Sale $399,000 0.0% $404 / Sq Ft
03/11/2015 03/11/15 Rented $1,250 0.0% --
02/26/2015 02/26/15 Under Contract -- -- --
02/16/2015 02/16/15 For Rent $1,250 +30.2% --
07/22/2013 07/22/13 Rented $960 0.0% --
07/19/2013 07/19/13 Under Contract -- -- --
07/16/2013 07/16/13 For Rent $960 -- --
Source: California Desert 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 $5,286 $422,146 $129,890 $292,256
2023 $5,286 $405,756 $124,848 $280,908
2022 $5,390 $397,800 $122,400 $275,400
2021 $5,283 $390,000 $120,000 $270,000
2020 $5,102 $390,150 $119,646 $270,504
2019 $5,016 $382,500 $117,300 $265,200
2018 $3,139 $231,628 $69,487 $162,141
2017 $3,096 $227,087 $68,125 $158,962
2016 $3,010 $222,636 $66,790 $155,846
2015 $2,884 $219,294 $65,788 $153,506
2014 $2,839 $215,000 $64,500 $150,500
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Anne Ferguson

    RE/MAX

    Section Image
  • Betty McNees

    Seller Co-Listing Agent in 2020

    Betty McNees

    RE/MAX

    (760) 219-8888

    21 Total Sales

    Betty McNees
    Section Image

  • L

    Buyer Co-Listing Agent in 2020

    Laura Zlot

    Bennion Deville Homes

  • N

    Seller Co-Listing Agent in 2018

    NonMember AgentDefault

    NonMember OfficeDefault

  • Sandra Quinn

    Seller's Agent in 2015

    Sandra Quinn

    Realty Trust

    (760) 861-5150

    23 in this area

    108 Total Sales

    Sandra Quinn
    Section Image

  • R

    Buyer's Agent in 2015

    Robert Baeten

    Desert Lifestyle Properties

    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219046596

California Desert Association of REALTORS®

APN: 513-135-005

California Riverside County Palm Springs 92262 Historic Tennis Club

555 W Arenas Rd Unit 5, Palm Springs, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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