NOT LISTED FOR SALE

687 S Camino Real Palm Springs, CA 92264

Warm Sands Neighborhood

Estimated Value: $702,000 - $961,000

5 Beds
4 Baths
2,460 Sq Ft
$352/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $900,000 $366 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,657/month

40 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Mountain View
  • Den
  • Palm Springs High School Rated A-
  • Ground Level Unit
  • Double Door Entry

About This Home

As of March 2022

BACK ON THE MARKET, BUYER UNABLE TO PERFORM! Come check out this charming mid-century triplex income property in the highly desirable community of Warm Sands, with a beautiful pool size courtyard, less than a mile from the world destination spot of downtown Palm Springs with tons of shopping, dining and night life! It boasts one - 3br/2ba unit (3rd bedroom being used as an office/den) and two - 1br/1ba units. You could live in the larger 3-bedroom unit and rent the other 2 to off-set the cost of the property, or simply rent all 3! These could be used as long-term rentals or short-term vacation rentals, you choose.

Last Agent to Sell the Property

Tony Thomas

Berkshire Hathaway HomeServices California Properties License #01058644 Listed on: 01/06/2022

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Doug McCourt

License #01987832

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,682

Year Built

  • Built in 1957

Lot Details

  • 6,534 Sq Ft Lot
  • East Facing Home
  • Fenced Yard
  • Gated Home
  • Front Yard

Home Design

  • Midcentury Modern Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,460 Sq Ft Home
  • 1-Story Property
  • Dry Bar
  • Ceiling Fan
  • Double Door Entry
  • Den
  • Mountain Views

Kitchen

  • Gas Oven
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Assigned Parking

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, cable TV, gas
  • The owner pays for water
  • Assessor Parcel Number 508-153-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,682

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Ground Level
  • Street Number Display: Yes
  • Advertising Remarks: Come check out this charming mid-century triplex income property in the highly desirable community of Warm Sands, with a beautiful pool size courtyard, less than a mile from downtown Palm Springs and tons of shopping, dining and night life! It boasts one - 3br/2ba unit (3rd bedroom being used as an office/den) and two - 1br/1ba units. You could live in the larger 3-bedroom unit and rent the other 2 to help off-set the cost of the property, or simply rent all 3! These could be used as long-term rentals or short-term vacation rentals, you choose.
  • Builders Tract Code: 7100
  • Entry Location: Ground Level - no steps
  • Living Area: 2460
  • Lot Acreage: 0.1500
  • Probate: No
  • Stories: 1
  • Year Built: 1957
  • Builders Tract Name: Warm Sands
  • Number Of Photos: 39
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Common Walls, Dry Bar
  • Number Carpet: 3
  • Number Dishwasher: 3
  • Number Disposal: 3
  • Number Drapes: 3
  • Number Range: 3
  • Number Refrigerator: 3
  • Flooring: Laminate, Ceramic Tile, Carpet
  • Appliances: Microwave, Free Standing Gas, Oven-Gas
  • Bedrooms: 5
  • Common Walls: Attached
  • Bathroom Features: Tile
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Pantry
  • Laundry: Laundry Area
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Den: 1
  • Equipment: Water Line to Refrigerator, Refrigerator, Range/Oven, Garbage Disposal, Ice Maker, Microwave, Dishwasher, Dryer, Washer, Ceiling Fan
  • Price Per S Q F T: 365.45

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Features: Double Door Entry
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Patio: Slab
  • Pool: No
  • Roof: Composition
  • Spa Yn: No
  • View: Mountains
  • View: Yes

Garage/Parking

  • Other Spaces: 4
  • Parking Garage: Parking Space, Assigned
  • Total Parking: 4

Utilities

  • Water Heater: Water Heater Unit, Gas
  • Cooling: Air Conditioning, Central
  • Heating: Forced Air, Natural Gas
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 3
  • Security: Gated
  • Sewer: In Street
  • Water: Water District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 80.71
  • Assessed Improvement Value: 169513
  • Assessed Land Percent: 19.29
  • Assessed Land Value: 40514
  • Total Assessed Value: 210027
  • Assessor Parcel Number: 508-153-012
  • Lot Description: Fenced Yard, Front Yard
  • Lot Size Area: 6534

Rental Info

  • Number Leased: 1
  • Land Lease Type: Fee
  • Owner Pays: Water
  • Tenant Pays: Electricity, Cable TV, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 23.69
  • Number Of Units: 3
  • Total Annual Expense: 18000
  • Type Of Units: 3
  • Vacancy Rate: 1

Tax Info

  • Tax Percent: 1.25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 1999
Sold by
Matthew Michna and Matthew Irene Michna
Bought by
Liverman Ii Benjamin
Total Days on Market
40
Current Estimated Value
$866,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,193
Interest Rate
7.1%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Liverman Ii Benjamin $155,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liverman Ii Benjamin $259,240
Closed Liverman Ii Benjamin $255,000
Closed Liverman Ii Benjamin $215,000
Closed Liverman Ii Benjamin $177,000
Closed Liverman Ii Benjamin $175,000
Closed Liverman Ii Benjamin $154,193
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $900,000 +0.1% $366 / Sq Ft
02/15/2022 02/15/22 Pending -- -- --
02/10/2022 02/10/22 Price Changed $899,000 0.0% $365 / Sq Ft
02/10/2022 02/10/22 For Sale $899,000 +12.4% $365 / Sq Ft
01/07/2022 01/07/22 Pending -- -- --
01/06/2022 01/06/22 For Sale $799,990 -- $325 / 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
2023 $12,682 $918,000 $229,500 $688,500
2022 $3,715 $229,692 $44,306 $185,386
2021 $3,653 $225,189 $43,438 $181,751
2020 $3,518 $222,881 $42,993 $179,888
2019 $3,468 $218,511 $42,150 $176,361
2018 $3,415 $214,227 $41,324 $172,903
2017 $3,373 $210,027 $40,514 $169,513
2016 $3,293 $205,910 $39,720 $166,190
2015 $3,123 $202,819 $39,124 $163,695
2014 $3,031 $198,848 $38,358 $160,490
Source: Public Records

Agents Affiliated with this Home

  • Tony Thomas

    Seller's Agent in 2022

    Tony Thomas

    Berkshire Hathaway HomeServices California Properties

    (760) 537-5103

    1 in this area

    29 Total Sales

    Tony Thomas
    Section Image
  • Doug McCourt

    Buyer's Agent in 2022

    Doug McCourt

    (760) 641-6567

    2 in this area

    46 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 22-116557

The MLS

APN: 508-153-012

California Riverside County Palm Springs 92264 Warm Sands

687 S Camino Real, Palm Springs, CA

This home is located at 687 S Camino Real, Palm Springs, CA 92264 since 06 January 2022 and is currently estimated at $866,946, approximately $352 per square foot. This property was built in 1957. 687 S Camino Real is a home located in Riverside County with nearby schools including Cahuilla Elementary School, Raymond Cree Middle School, and Palm Springs High School.

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