NOT LISTED FOR SALE

588 N Patencio Rd Palm Springs, CA 92262

Old Las Palmas Neighborhood

Estimated Value: $3,641,000 - $4,815,966

5 Beds
6 Baths
6,700 Sq Ft
$603/Sq Ft Est. Value

Last Sold September 19, 2014

Last sale price $1,565,000 $234 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $23,896/month

259 Days on Market

About This Home

As of September 2014

Coveted corner lot estate in exclusive Old Las Palmas. This 5 bed 6 bath Mediterranean home is situated on over half an acre. Multiple water features spill into the pool providing a calming ambiance as one enjoys the superior mountain views. Upon entering through the motor court and three car garage one is awed at the volume of space. The sunken living room presents a beautiful handmade marble fireplace. Off of the entry and formal living room there is a billiard room with wet bar and media room. Just beyond that is the master suit encompassing a dressing area with walk in closet and additional cedar storage closet. The water closet is outfitted with a jacuzzi tub, black marble shower, commode and bidet. The north wing of the property consists of a formal dining room, additional beds and bathrooms, Au pairs / maids quarters, laundry room and spectacular kitchen. The kitchen features an eat in breakfast area, integrated subzero and wonderful granite workspaces. Priced below comparable.

Last Agent to Sell the Property

Leaskou-King & Associates

Desert Lifestyle Properties License #01893443 Listed on: 11/19/2013

Desert Lifestyle Properties

Last Buyer's Agent

Debby Williams

Bennion Deville Homes License #00945435

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,590

Year Built

1990

Lot Details

0

Parking

3

Listing Details

  • Active Date: 2014-07-28
  • Full Bathroom: 4
  • Half Bathroom: 2
  • Building Size: 6700.0
  • Building Structure Style: Spanish
  • Driving Directions: Heading North on Palm Canyon turn West onto Chino. Estate is located on the corner of Chino and Patencio.
  • Full Street Address: 588 N PATENCIO RD
  • Land Lease Purchase: No
  • Primary Object Modification Timestamp: 2014-09-24
  • Total Number of Units: 1
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1990

Interior Features

  • Bathroom Features: Powder Room
  • Eating Areas: Breakfast Area
  • Appliances: Built-In BBQ, Range Hood, Range
  • Advertising Remarks: Coveted corner lot estate in exclusive Old Las Palmas. This 5 bed 6 bath Mediterranean home is situated on over half an acre. Multiple water features spill into the pool providing a calming ambiance as one enjoys the superior mountain views. Upon entering
  • Total Bedrooms: 5
  • Builders Tract Code: 5650
  • Builders Tract Name: OLD LAS PALMAS
  • Fireplace: Yes
  • Interior Amenities: Bar, Intercom
  • Fireplace Rooms: Living Room
  • Appliances: Dishwasher, Electric Dryer Hookup, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Refrigerator, Vented Exhaust Fan, Water Line to Refrigerator
  • Floor Material: Hardwood, Marble
  • Kitchen Features: Pantry
  • Laundry: Inside, Individual Room
  • Pool: No

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 28314
  • Common Walls: Detached/No Common Walls
  • Entry Floor: 1
  • Other Structures: Cabana
  • Patio: Covered Porch

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Auto Driveway Gate, Driveway, Driveway - Concrete, Driveway Gate, Gated, Private Garage
  • Parking Type: Garage Is Attached, Garage, Garage - Three Door, Oversized, Parking for Guests, Parking for Guests - Onsite, Private

Utilities

  • Cooling Type: Air Conditioning, Ceiling Fan(s), Central A/C, Zoned A/C
  • Heating Type: Central Furnace, Fireplace, Forced Air

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2013
Closed on
Aug 7, 2014
Sold by
Finegan Robert R and Finegan Julie A
Bought by
Huebner David and Mcwaine Duane E
Seller's Agent
Leaskou-King & Associates
Desert Lifestyle Properties
Buyer's Agent
Debby Williams
Bennion Deville Homes
List Price
$1,795,000
Sold Price
$1,565,000
Premium/Discount to List
-$230,000
-12.81%
Current Estimated Value
$4,040,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,475,989
Avg. Annual Appreciation
9.04%
Original Mortgage
$1,252,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2005
Sold by
Finegan Robert R and Finegan Julie A
Bought by
Finegan Robert R and Finegan Julie A

Purchase Details

Closed on
Aug 22, 2002
Sold by
Finegan Robert R and Finegan Julie A
Bought by
Finegan Robert R and Finegan Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 1995
Sold by
Finegan Robert R and Finegan Julie A
Bought by
Finegan Robert R and Finegan Julie A
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
Huebner David $1,565,000 Orange Coast Title
Finegan Robert R -- Southland Title Inland Empir
Finegan Robert R -- Southland Title
Finegan Robert R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huebner David $1,210,000
Closed Huebner David $1,252,000
Previous Owner Finegan Robert R $749,999
Previous Owner Finegan Robert R $384,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2014 09/19/14 Sold $1,565,000 -2.1% $234 / Sq Ft
08/05/2014 08/05/14 Pending -- -- --
07/28/2014 07/28/14 Price Changed $1,599,000 +0.3% $239 / Sq Ft
06/12/2014 06/12/14 Price Changed $1,595,000 -5.9% $238 / Sq Ft
02/08/2014 02/08/14 Price Changed $1,695,000 -5.6% $253 / Sq Ft
11/19/2013 11/19/13 For Sale $1,795,000 -- $268 / 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 $24,590 $2,047,353 $658,308 $1,389,045
2023 $24,590 $1,967,853 $632,746 $1,335,107
2022 $25,091 $1,929,269 $620,340 $1,308,929
2021 $24,573 $1,891,441 $608,177 $1,283,264
2020 $23,447 $1,872,047 $601,941 $1,270,106
2019 $23,034 $1,835,341 $590,139 $1,245,202
2018 $22,595 $1,799,355 $578,569 $1,220,786
2017 $21,902 $1,735,643 $567,225 $1,168,418
2016 $19,852 $1,588,866 $556,103 $1,032,763
2015 $19,097 $1,565,000 $547,750 $1,017,250
2014 $18,233 $1,478,307 $502,770 $975,537
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Ben & Josh

    BHGRE I Leaskou Partners

  • D

    Buyer's Agent in 2014

    Debby Williams

    Bennion Deville Homes

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Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 13-719737PS

APN: 505-311-008

California Riverside County Palm Springs 92262 Old Las Palmas

588 N Patencio Rd, Palm Springs, CA

This home is located at 588 N Patencio Rd, Palm Springs, CA 92262 since 19 November 2013 and is currently estimated at $4,040,989, approximately $603 per square foot. This property was built in 1990. 588 N Patencio Rd 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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