NOT LISTED FOR SALE

581 E The Palms St Palm Springs, CA 92262

Estimated Value: $1,875,000 - $2,144,000

3 Beds
3 Baths
2,059 Sq Ft
$970/Sq Ft Est. Value

Last Sold December 02, 2021

Last sale price $1,815,000 $881 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $12,793/month

20 Days on Market

Highlights

  • Heated In Ground Pool
  • Two Primary Bedrooms
  • Two Primary Bathrooms
  • Palm Springs High School Rated A-
  • Updated Kitchen
  • Mountain View

About This Home

As of December 2021

This historically significant 1937 Spanish Hacienda reputed to have been built by Warner Brothers Studio is a walled, gated and private oasis with lush wrap around landscaping and uninterrupted mountain views. The property was featured in the New York Times on October 5, 2020. The property maintains it's original character and charm while having been thoughtfully restored and upgraded to today's modern standards including new AC and furnaces, water heater and comprehensive entertainment, internet and security systems. The house features two master suites, each with newly restored ensuite bathrooms, a third bedroom with adjacent bathroom and a newly renovated kitchen with high end stainless appliances and comfortable built in dining area. A large converted garage also provides an additional living space, entertainment room or 4th bedroom with french doors leading to the pool and private outdoor seating area. A vaulted and open beam living room is the heart of the house and features an authentic wood burning Adobe corner fireplace and original sliding pocket doors that lead to a generous dining room and out to the beautifully landscaped garden with olive and citrus trees, pool, spa, outdoor shower and dining area with gas barbecue and wood burning pizza oven. At the side of the property there's spacious gated off-street parking with room for three cars under a shaded pergola. Centrally located and close to downtown restaurants, casino and shops.

Last Agent to Sell the Property

Tony Halton

Halton Pardee & Partners, Inc. License #00860890 Listed on: 11/04/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,230

Year Built

  • Built in 1937

Lot Details

  • 0.32 Acre Lot
  • Block Wall Fence
  • Stucco Fence
  • Drip System Landscaping
  • Corner Lot
  • Paved or Partially Paved Lot
  • Sprinklers on Timer
  • Private Yard
  • Lawn
  • Back and Front Yard

Home Design

  • Hacienda Architecture
  • Spanish Architecture
  • "S" Clay Tile Roof

Interior Spaces

  • 2,059 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Shutters
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Tile Flooring
  • Mountain Views
  • Security System Owned

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Gas Range
  • Recirculated Exhaust Fan
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Double Master Bedroom
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Parking Spaces
  • 3 Detached Carport Spaces
  • Automatic Gate

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Outdoor Pool
  • Gunite Spa

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Property is located within a water district
  • Multi-Tank Gas Water Heater
  • Cable TV Available

Community Details

  • Elmirador Subdivision

Listing and Financial Details

  • Assessor Parcel Number 507030034

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,230

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: One
  • Building Number Of Stories: 1
  • Building Style: Hacienda, Spanish
  • List Price per Sq Ft: 776.59
  • Lp Sp Ratio: 1.1400
  • View Type: Mountain(s)
  • Water District Name: Desert Water Agency
  • Year Built: 1937
  • Listing I D: 219070274
  • Listing Member Address: 74710 Hwy 111, Suite 102, Palm Desert, CA 92260
  • Listing Office Address: 74710 Hwy 111, Suite 102, Palm Desert, CA 92260
  • Selling Office Address: 155 S Palm Canyon Drive, Suite A2, Palm Springs, CA 92262
  • Street Direction: E
  • Land Type: Fee
  • Subdivision: ElMirador
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Range, Microwave Oven, Exhaust Fan, Water Line to Refrigerator, Washer, Refrigerator, Disposal, Dishwasher
  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Interior Amenities: Vaulted Ceiling(s)
  • Fireplace Features: Wood
  • Flooring: Spanish Tile
  • Bedroom Features: 2 Master Bedrooms
  • Total Bedrooms: 3
  • Bathroom Features: 2 Master Baths, Remodeled
  • Total Bathrooms: 3.00
  • Three Quarter Bathrooms: 3
  • Eating Areas: Breakfast Nook, Dining Area
  • Kitchen Features: Remodeled
  • Laundry: Laundry Area
  • Estimated Sq Ft: 2059.00
  • Windows Treatments: Shutters

Exterior Features

  • Roofing: Clay Tile
  • Fencing: Block, Stucco Wall
  • Pool: Yes
  • Pool Construction: Gunite
  • Pool Description: Heated, In Ground, Private
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: Gunite, In Ground
  • Spa Hot Tub Description: Heated - Gas, Private
  • View: Yes

Garage/Parking

  • Parking: Detached Carport
  • Total Carport Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • TV Svcs: Cable TV
  • Cooling Type: Air Conditioning
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Security: Automatic Gate, Security System Owned
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas, Water Heater Unit, Multi-Tank

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 507030034
  • Irrigation: Drip System, Sprinkler Timer, Sprinkler System
  • Lot Acres: 0.3199
  • Lot Description: Back Yard, Yard, Utilities Underground, Street Paved, Landscaped, Lawn, Front Yard
  • Lot Location: Corner Lot
  • Lot Size: 13504.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Yes

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Nov 16, 2021
Sold by
Mcilwee John and The Camarillo Trust
Bought by
Mossotti Jason and Mossotti Aimee
Seller's Agent
Tony Halton
Halton Pardee & Partners, Inc.
List Price
$1,599,000
Sold Price
$1,815,000
Premium/Discount to List
$216,000
13.51%
Current Estimated Value
$1,996,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,313
Avg. Annual Appreciation
2.57%

Purchase Details

Closed on
Apr 1, 2019
Sold by
Ward William and Ward Alana
Bought by
Camarillo Trust and Declaration Of Revocable Blind Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Interest Rate
3.47%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 20, 2017
Closed on
Jan 8, 2018
Sold by
Giles Daniel
Bought by
Ward William and Ward Alana
Seller's Agent
Patrick Jordan
Bennion Deville Homes
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$1,195,000
Sold Price
$1,100,000
Premium/Discount to List
-$95,000
-7.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.18%
Original Mortgage
$700,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 5, 2016
Closed on
Apr 28, 2016
Sold by
Bock Douglas J and Wright Glenn D
Bought by
Giles Daniel P
Seller's Agent
Stephen Skuris
Crosby Doe Associates, Inc.
Buyer's Agent
Rick Grahn
Compass
List Price
$1,100,000
Sold Price
$940,000
Premium/Discount to List
-$160,000
-14.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%
Original Mortgage
$915,000
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2012
Sold by
Wright Glenn Dale and Bockl Douglas J
Bought by
Wright Glenn D and Kowalewski Henry M

Purchase Details

Closed on
Aug 26, 2011
Sold by
Crafft Mary Jean
Bought by
Wright Glenn Dale and Bock Douglas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,255
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 10, 2004
Sold by
Lobue Marla
Bought by
Lobue Marla and Lobue Tiffani

Purchase Details

Closed on
Dec 7, 2004
Sold by
Lobue Marla and Lobue Tiffani
Bought by
Crafft Mary Jean

Purchase Details

Closed on
Sep 26, 1996
Sold by
Oconnor James D
Bought by
Lobue Lawrence M and Borrelli Mickie
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
Mossotti Jason $1,815,000 Fidelity National Ttl Ins Co
Camarillo Trust -- Old Republic Title Company
Ward William $1,100,000 Fidelity National Title Ie
Giles Daniel P $940,000 Lawyers Title
Wright Glenn D -- None Available
Wright Glenn Dale $394,500 First American Title
Lobue Marla -- --
Lobue Marla -- Orange Coast Title Co
Crafft Mary Jean $700,000 Orange Coast Title Co
Lobue Lawrence M $160,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Camarillo Trust $690,000
Previous Owner Ward William $700,000
Previous Owner Giles Daniel P $915,000
Previous Owner Wright Glenn Dale $384,255
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2021 12/02/21 Sold $1,815,000 +13.5% $881 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $1,599,000 +45.4% $777 / Sq Ft
02/06/2018 02/06/18 Sold $1,100,000 +0.5% $534 / Sq Ft
01/06/2018 01/06/18 Pending -- -- --
12/13/2017 12/13/17 Price Changed $1,095,000 -8.4% $532 / Sq Ft
10/20/2017 10/20/17 For Sale $1,195,000 +27.1% $580 / Sq Ft
05/16/2016 05/16/16 Sold $940,000 -6.0% $457 / Sq Ft
05/03/2016 05/03/16 Pending -- -- --
03/04/2016 03/04/16 Price Changed $999,500 -9.1% $485 / Sq Ft
01/05/2016 01/05/16 For Sale $1,100,000 -- $534 / Sq Ft
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 $23,230 $1,926,092 $573,052 $1,353,040
2023 $23,230 $1,851,300 $550,800 $1,300,500
2022 $23,706 $1,815,000 $540,000 $1,275,000
2021 $15,281 $1,164,024 $381,577 $782,447
2020 $14,816 $1,152,089 $377,665 $774,424
2019 $14,748 $1,129,500 $370,260 $759,240
2018 $12,449 $977,975 $322,732 $655,243
2017 $12,265 $958,800 $316,404 $642,396
2016 $5,443 $418,309 $104,575 $313,734
2015 $5,223 $412,027 $103,005 $309,022
2014 $5,159 $403,959 $100,989 $302,970
Source: Public Records

Agents Affiliated with this Home

  • Tony Halton

    Seller's Agent in 2021

    Tony Halton

    Halton Pardee & Partners, Inc.

    (760) 831-4634

    49 Total Sales

    Tony Halton
    Section Image
  • Patrick Jordan

    Seller's Agent in 2018

    Patrick Jordan

    Bennion Deville Homes

    (760) 325-9091

    278 Total Sales

    Patrick Jordan
    Section Image

  • N

    Buyer's Agent in 2018

    NonMember AgentDefault

    NonMember OfficeDefault

  • S

    Seller's Agent in 2016

    Stephen Skuris

    Crosby Doe Associates, Inc.

    (323) 791-7999

    Stephen Skuris
    Section Image

  • M

    Seller Co-Listing Agent in 2016

    Matthew Berkley

  • Rick Grahn

    Buyer's Agent in 2016

    Rick Grahn

    Compass

    (310) 382-0344

    39 Total Sales

    Rick Grahn
    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219070274

California Desert Association of REALTORS®

APN: 507-030-034

California Riverside County Palm Springs 92262

581 E The Palms St, Palm Springs, CA

This home is located at 581 E The Palms St, Palm Springs, CA 92262 since 04 November 2021 and is currently estimated at $1,996,313, approximately $969 per square foot. This property was built in 1937. 581 E The Palms St is a home located in Riverside County with nearby schools including Katherine Finchy Elementary School, Raymond Cree Middle School, and Palm Springs High School.

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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