NOT LISTED FOR SALE

Estimated Value: $702,000 - $729,000

2 Beds
2.5 Baths
1,596 Sq Ft
$667/mo HOA Fee

Last Sold May 03, 2023

Last sale price $715,000 $448 Per Sq Ft

Current estimated payment $5,311/month

48 Days on Market

Highlights

  • In Ground Pool
  • Gated Community
  • Contemporary Architecture
  • Palm Springs High School Rated A-
  • Mountain View
  • Living Room with Fireplace

About This Home

As of May 2023

Live the dream at 647 E Arenas, an exquisite escape in the heart of Palm Springs located within walking distance to all that downtown has to offer. Showcasing the best of both worlds, here you can enjoy a serene setting with picture perfect mountain views, while at the same time be just steps away from bustling restaurants, nightlife, movie theater, museums, and more. Meticulously presented, this sophisticated home defines luxurious care-free living without compromise. Ideally situated on the perimeter of the community, a private gate welcomes you to an expansive patio with water feature and ample seating. The interior boasts polished concrete floors, high ceilings, custom cabinetry, and an abundance of high-end appliances and finishes you need to see to believe. Overflowing with pride of ownership, this stellar property is for the most discerning of buyers. 48@Arenas is an award-winning urban contemporary townhouse development built in 2002-2003, complete with covered parking and four common swimming pools/spas. Best of all, the complex is on fee-simple land, so there's no lease payment. Don't miss out on a truly rare opportunity to own a piece of Palm Springs perfection.List of offerings in complete detail available.

Last Agent to Sell the Property

Jesse Huskey

Compass License #01475480 Listed on: 03/16/2023

Compass

Co-Listed By

David Whitworth

Compass License #01908154

Last Buyer's Agent

Reagan Richter

Compass License #02031224

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,121

Year Built

  • Built in 2002

Lot Details

  • Sprinkler System

HOA Fees

  • $667 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Modern Architecture

Interior Spaces

  • 1,596 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • 2 Fireplaces
  • Mountain Views

Flooring

  • Carpet
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms

Home Security

Parking

  • 2 Carport Spaces
  • 4 Car Parking Spaces
  • Guest Parking

Pool

  • In Ground Pool
  • In Ground Spa

Utilities

  • Forced Air Heating and Cooling System
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 508088043

Community Details

Overview

  • Association fees include building & grounds, water, trash, sewer, earthquake insurance
  • 48 @ Arenas Subdivision
  • On-Site Maintenance

Recreation

  • Community Pool
  • Community Spa

Security

  • Resident Manager or Management On Site
  • Controlled Access
  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,121

Year Built

Built in 2002

Lot Details

0

HOA Fees

$667 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Attached/Detached: Yes
  • Levels: Two
  • Building Number Of Stories: 1
  • Building Style: Contemporary, Modern
  • List Price per Sq Ft: 447.99
  • Lp Sp Ratio: 1.0000
  • View Type: Mountain(s)
  • Year Built: 2002
  • Co Listing Member Address: 830 N Palm Canyon, Palm Springs, CA 92262
  • Co Listing Office Address: 830 N Palm Canyon Suite 2, Palm Springs, CA 92262
  • Co Listing Office Fax: (760) 820-2629
  • Listing I D: 219092276
  • Listing Member Address: 830 N Palm Canyon, Palm Springs, CA 92262
  • Listing Office Address: 830 N Palm Canyon Suite 2, Palm Springs, CA 92262
  • Listing Office Fax: (760) 820-2629
  • Selling Member Address: 830 N Palm Canyon, Palm Springs, CA 92262
  • Selling Office Address: 830 N Palm Canyon Suite 2, Palm Springs, CA 92262
  • Selling Office Fax: (760) 820-2629
  • Street Direction: E
  • Land Type: Fee
  • Subdivision: 48 @ Arenas
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Fireplace Features: Gas
  • Flooring: Carpet, Concrete
  • Total Bedrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Estimated Sq Ft: 1596.00

Exterior Features

  • 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: Covered
  • Total Carport Spaces: 2.00
  • Total Covered Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Cooling Type: Air Conditioning
  • Heating: Forced Air
  • Security: Fire Sprinkler System
  • Sewer: In Street Paid

Association/Amenities

  • Association #1 Frequency: Monthly
  • Gated Community: Yes

Condo/Co-op/Association

  • Association Fees Include: Building & Grounds, Water, Trash, Sewer, Earthquake Insurance
  • Association Amenities: Controlled Access, Management, Maintenance Grounds, Guest Parking
  • HOA Information: Yes
  • HOA Fee 1: 667.00
  • Total Monthly Association Fees: 667.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 508088043
  • Irrigation: Sprinkler System
  • Lot Size: 871.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2023
Closed on
Mar 22, 2023
Sold by
Grabish Michael J Trust
Bought by
Suard Cory and Bourgeois Brandon
Seller's Agent
Jesse Huskey
Compass
Buyer's Agent
Reagan Richter
Compass
List Price
$715,000
Sold Price
$715,000
Current Estimated Value
$714,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$782
Avg. Annual Appreciation
-0.05%
Original Mortgage
$315,000
Outstanding Balance
$306,289
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$407,929

Purchase Details

Closed on
Jun 30, 2008
Sold by
Jervis Kenneth S
Bought by
Grabish Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 2004
Sold by
Proctor Frank and Guth Jeffrey M
Bought by
Jervis Kenneth S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
3.98%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 16, 2002
Sold by
Palm Springs Modern Homes I Llc
Bought by
Proctor Frank and Guth Jeffrey M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
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
Suard Cory $715,000 Orange Coast Title
Grabish Michael J $370,000 Commonwealth Land Title Co
Jervis Kenneth S $375,000 Fidelity National Title
Proctor Frank $290,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Suard Cory $315,000
Previous Owner Grabish Michael J $216,750
Previous Owner Grabish Michael J $296,000
Previous Owner Jervis Kenneth S $296,000
Previous Owner Proctor Frank $232,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2023 05/03/23 Sold $715,000 0.0% $448 / Sq Ft
03/16/2023 03/16/23 For Sale $715,000 -- $448 / Sq Ft
Source: Greater Palm Springs Multiple Listing Service

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 $9,121 $743,886 $52,020 $691,866
2023 $9,121 $457,953 $114,484 $343,469
2022 $6,051 $448,975 $112,240 $336,735
2021 $5,930 $440,173 $110,040 $330,133
2020 $5,668 $435,660 $108,912 $326,748
2019 $5,572 $427,119 $106,777 $320,342
2018 $5,470 $418,745 $104,684 $314,061
2017 $5,392 $410,535 $102,632 $307,903
2016 $5,237 $402,486 $100,620 $301,866
2015 $4,914 $387,000 $97,000 $290,000
2014 $4,664 $364,000 $91,000 $273,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Palm Springs Multiple Listing Service

MLS Number: 219092276

Greater Palm Springs Multiple Listing Service

APN: 508-088-043