NOT LISTED FOR SALE

701 E Ocotillo Ave Palm Springs, CA 92264

Tahquitz River Estates Neighborhood

Estimated Value: $1,283,000 - $1,640,000

3 Beds
3 Baths
2,056 Sq Ft
$708/Sq Ft Est. Value

Last Sold July 10, 2013

Last sale price $685,000 $333 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $8,546/month

13 Days on Market

About This Home

As of July 2013

Come enjoy this totally private and gated mid-century ranch in the south end neighborhood of Tahquitz River Estates. An open floor plan with seamless indoor outdoor flow is separated by an incredible double sided fireplace created out of modern block. A newer kitchen with wood cabinetry and white Caesar stone counters is beautifully simple and modern with area for eating while taking in the view of the south facing back yard. In fact just about every room of this house opens to a spectacular landscape and mountain views. Outside there is a south facing swimming pool and new spa by Architectural Blue. The landscape is lush and green with lots of fruit trees. The southern patio is covered to provide the perfect balance of sun and shade while entertaining friends or just enjoying the mountain views. This is another stunning example of how to live in Palm Springs.

Last Agent to Sell the Property

Ttk Represents

Compass License #01327863 Listed on: 05/13/2013

Compass

Last Buyer's Agent

Anthony Monzon

HomeSmart Professionals License #01123319

HomeSmart Professionals

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,278

Year Built

1957

Lot Details

0

Listing Details

  • Cross Street: PALO VERDE / 111
  • Active Date: 2013-05-13
  • Building Size: 2056.0
  • Building Structure Style: Mid Century
  • Driving Directions: 111 to Ocotillo and head east to property at corner of Palo Verde and Ocotillo
  • Full Street Address: 701 E OCOTILLO AVE
  • Pool Construction: In Ground
  • Primary Object Modification Timestamp: 2015-11-20
  • Spa Construction: In Ground
  • Spa Descriptions: Heated
  • Total Number of Units: 1
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1957

Interior Features

  • Eating Areas: Breakfast Area
  • Appliances: Cooktop - Gas
  • Advertising Remarks: Come enjoy this totally private and gated mid-century ranch in the south end neighborhood of Tahquitz River Estates. An open floor plan with seamless indoor outdoor flow is separated by an incredible double sided fireplace created out of modern block. A
  • Total Bedrooms: 3
  • Builders Tract Code: 7000
  • Builders Tract Name: TAHQUITZ RIVER ESTAT
  • Fireplace: Yes
  • Levels: Ground Level
  • Spa: Yes
  • Fireplace Rooms: Family Room
  • Appliances: Dishwasher
  • Laundry: In Garage
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 7841
  • Common Walls: Detached/No Common Walls
  • Patio: Concrete Slab, Covered Porch

Garage/Parking

  • Parking Type: Garage - Two Door

Utilities

  • Cooling Type: Central A/C
  • Heating Type: Forced Air

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2014
Sold by
Paleologos Nicholas and Michael Scharlau M
Bought by
Paleologos Nicholas G
Current Estimated Value
$1,455,953

Purchase Details

Listed on
May 13, 2013
Closed on
May 29, 2013
Sold by
Boughtwood Andre D and Lehnert Brigitte M
Bought by
Paleologos Nicholas and Michael Scharlau M
Seller's Agent
Ttk Represents
Compass
Buyer's Agent
Anthony Monzon
HomeSmart Professionals
List Price
$695,000
Sold Price
$685,000
Premium/Discount to List
-$10,000
-1.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.63%
Original Mortgage
$548,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2013
Sold by
Boughtwood Andre D and Lehnert Brigitte M
Bought by
Boughtwood Andrew D and Lehnett Brigitte M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2010
Sold by
Bausman Ronald H and Wagner Arthur L
Bought by
Boughtwood Andre D and Lehnert Brigitte M

Purchase Details

Closed on
Oct 19, 2007
Sold by
Arnold Scott W
Bought by
Bausman Ronald H and Wagner Arthur L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2004
Sold by
Kasparek Phillip D
Bought by
Arnold Scott W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$514,400
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2003
Sold by
Kasparek Phillip D
Bought by
Kasparek Phillip D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2002
Sold by
Kasparek Phillip D
Bought by
Kasparek Phillip D

Purchase Details

Closed on
Jun 24, 2002
Sold by
Foster William E
Bought by
Kasparek Phillip D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2001
Sold by
Cummins Gary L
Bought by
Foster William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,250
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 1998
Sold by
Cummins Judith A
Bought by
Cummins Gary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 1996
Sold by
Mcdermott Richard S and Mcdermott Dorothy E
Bought by
Cummins Gary L and Cummins Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,425
Interest Rate
7.84%
Mortgage Type
Seller Take Back
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
Paleologos Nicholas G -- None Available
Paleologos Nicholas $685,000 Orange Coast Title Company
Boughtwood Andrew D -- Accommodation
Boughtwood Andre D -- Ticor Title
Boughtwood Andre D $560,000 Lawyers Title Company
Bausman Ronald H $635,000 First American Title Company
Arnold Scott W $643,000 Commonwealth Land Title Co
Kasparek Phillip D -- Southland Title
Kasparek Phillip D -- Southland Title
Kasparek Phillip D -- --
Kasparek Phillip D $385,000 Orange Coast Title
Foster William E $275,000 First American Title Co
Cummins Gary L -- Chicago Title Co
Cummins Gary L -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paleologos Nicholas G $483,000
Closed Paleologos Nicholas G $484,400
Closed Paleologos Nicholas $548,000
Previous Owner Boughtwood Andre D $190,000
Previous Owner Bausman Ronald H $417,000
Previous Owner Arnold Scott W $514,400
Previous Owner Kasparek Phillip D $300,000
Previous Owner Kasparek Phillip D $300,700
Previous Owner Foster William E $261,250
Previous Owner Cummins Gary L $150,000
Previous Owner Cummins Gary L $147,425
Closed Arnold Scott W $38,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2013 07/10/13 Sold $685,000 -1.4% $333 / Sq Ft
05/26/2013 05/26/13 Pending -- -- --
05/13/2013 05/13/13 For Sale $695,000 -- $338 / 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 $10,278 $839,704 $209,617 $630,087
2023 $10,278 $807,099 $201,478 $605,621
2022 $10,486 $791,275 $197,528 $593,747
2021 $10,273 $775,760 $193,655 $582,105
2020 $9,810 $767,807 $191,670 $576,137
2019 $9,640 $752,753 $187,912 $564,841
2018 $9,460 $737,994 $184,228 $553,766
2017 $9,320 $723,524 $180,616 $542,908
2016 $9,047 $709,338 $177,075 $532,263
2015 $8,694 $698,685 $174,416 $524,269
2014 $8,601 $685,000 $171,000 $514,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2013

    Ttk Represents

    Compass

    (760) 350-9253

    13 in this area

    240 Total Sales

    Ttk Represents
    Section Image

  • A

    Buyer's Agent in 2013

    Anthony Monzon

    HomeSmart Professionals

    (760) 774-1242

    31 Total Sales

    Anthony Monzon
    Section Image
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Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 13-672267PS

APN: 508-322-001

California Riverside County Palm Springs 92264 Tahquitz River Estates

701 E Ocotillo Ave, Palm Springs, CA

This home is located at 701 E Ocotillo Ave, Palm Springs, CA 92264 since 13 May 2013 and is currently estimated at $1,455,953, approximately $708 per square foot. This property was built in 1957. 701 E Ocotillo Ave 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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