NOT LISTED FOR SALE

Estimated Value: $3,385,000 - $3,928,339

7 Beds
7.5 Baths
6,727 Sq Ft
$539/Sq Ft Est. Value

Last Sold July 13, 2020

Last sale price $2,300,000 $342 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $22,900/month

507 Days on Market

Highlights

  • Guest House
  • Tennis Courts
  • Primary Bedroom Suite
  • Palm Desert High School Rated A
  • Heated In Ground Pool
  • Custom Home

About This Home

As of July 2020

One of The finest Mid-Century Modern Homes in the desert formally owned by the Tire Magnate and Philanthropist Leonard Firestone and designed by the world famous architect William Pereira in the early 1950's. Situated in South Palm Desert on 1.3 acres the estate has two electronically gated entrances with 360 degree views of the surrounding mountains and valley. The main home is approximately 5,000 square feet and the guest house is approximately 2,000 square comprising of a total of 7 bedrooms and 7 1/2 baths. The property is in immaculate condition and completely remodeled with attention to every detail. The estate has a hotel size pool, separate spa, sunken lighted north-south tennis court, huge built-in BBQ, fire pit and entertainment area. There are 3 garages and 2 carports with extensive parking area for an additional 15 plus cars. All this plus solar and walking distance to El Paseo shopping area.

Last Listed By

Steven Gordon

Cove & Sea Realty Inc. License #00490125 Listed on: 01/15/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,379

Year Built

  • Built in 1950

Lot Details

  • 1.31 Acre Lot
  • South Facing Home
  • Wrought Iron Fence
  • Block Wall Fence
  • Drip System Landscaping
  • Irregular Lot
  • Sprinklers on Timer
  • Private Yard

Property Views

  • City Lights
  • Mountain
  • Valley

Home Design

  • Custom Home
  • Midcentury Modern Architecture
  • Modern Architecture
  • Slab Foundation
  • Tar and Gravel Roof
  • Wood Siding

Interior Spaces

  • 6,727 Sq Ft Home
  • 4-Story Property
  • Wet Bar
  • Wired For Sound
  • Wired For Data
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Track Lighting
  • Decorative Fireplace
  • Raised Hearth
  • Fireplace With Glass Doors
  • Gas Log Fireplace
  • Marble Fireplace
  • Stone Fireplace
  • Brick Fireplace
  • Double Pane Windows
  • Custom Window Coverings
  • Blinds
  • Double Door Entry
  • French Doors
  • Sliding Doors
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Utility Room
  • Home Gym

Kitchen

  • Galley Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Disposal
  • Instant Hot Water

Flooring

  • Carpet
  • Slate Flooring
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom Suite
  • Linen Closet
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • Double Vanity
  • Secondary bathroom tub or shower combo
  • Granite Shower

Laundry

  • Laundry Room
  • Gas Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Security System Owned
  • Security Lights

Parking

  • 3 Car Attached Garage
  • 2 Attached Carport Spaces
  • Driveway
  • Automatic Gate
  • Guest Parking

Eco-Friendly Details

  • Energy-Efficient Construction
  • Solar owned by seller

Pool

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

Outdoor Features

  • Tennis Courts
  • Deck
  • Stone Porch or Patio
  • Outdoor Fireplace
  • Fire Pit
  • Built-In Barbecue

Additional Homes

  • Guest House
  • Fireplace in Guest House
  • Guest House Includes Kitchen

Location

  • Ground Level

Schools

  • Washington Charter Elementary School
  • 1St Ave Middle School
  • Palm Desert High School

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts in Kitchen
  • Property is located within a water district
  • Tankless Water Heater
  • Hot Water Circulator
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 630043019

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,379

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces South
  • Levels: One
  • Builders Tract Code: NA323
  • Building Number Of Stories: 4
  • Building Style: Mid Century, Modern
  • Casita Features: Dryer Gas, Kitchen, Washer Electric
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 371.64
  • Lp Sp Ratio: 0.9200
  • View Type: City Lights, Mountain(s), Valley
  • Water District Name: CVWD
  • Year Built: 1950
  • Listing I D: 219001703
  • Listing Member Address: 73385 Pinyon St, Palm Desert, CA 92260
  • Listing Member Fax: (760) 341-2661
  • Listing Office Address: 73385 Pinyon St, Palm Desert, CA 92260
  • Listing Office Fax: (760) 341-2661
  • Selling Member Address: 73385 Pinyon St, Palm Desert, CA 92260
  • Selling Member Fax: (760) 341-2661
  • Selling Office Address: 73385 Pinyon St, Palm Desert, CA 92260
  • Selling Office Fax: (760) 341-2661
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Bar Ice Maker, Dishwasher, Disposal, Dryer, Freezer, Gas Cooktop, Gas Range, Gas/Elec Dryer Hookup, Microwave Oven, Refrigerator, Trash Compactor, Washer, Water Line to Refrigerator
  • Fireplace: Yes
  • Fireplace Location: Casita - Guest House, Exterior, Family Room, Living Room
  • Interior Amenities: Beamed Ceilings, Block Walls, Cathedral Ceiling(s), Hi-Speed Data Wiring, High Ceilings (9 Ft+), Recessed Lighting, Surround Sound Wired, Track Lighting, Wet Bar
  • Range Hood: Yes
  • Fireplace Features: Brick, Decorative, Fire Pit, Gas Log, Glass Doors, Marble, Raised Hearth, Stone
  • Flooring: Carpet, Ceramic Tile, Slate
  • Bedroom Features: Dressing Area, Master Suite, Walk In Closet
  • Total Bedrooms: 7
  • Bathroom Features: Double Vanity(s), Granite Shower, Linen Closet, Remodeled, Shower Over Tub
  • Half Bathrooms: 1
  • Total Bathrooms: 8.00
  • Full Bathrooms: 4
  • Three Quarter Bathrooms: 3
  • Eating Areas: Breakfast Counter/Bar, Formal Dining Room
  • Kitchen Features: Galley Kitchen, Island, Pantry
  • Laundry: Individual Room
  • Estimated Sq Ft: 6727.00
  • Windows Treatments: Blinds, Custom Window Covering, Double Pane Windows, Drapes, Skylight(s)

Exterior Features

  • Construction: Wood
  • Other Features: Barbeque Private, Custom Built, Energy Efficient, Slab, Solar System Owned, Tennis Court
  • Other Structures: Guest House/Casita
  • Roofing: Tar/Gravel
  • Built-in BBQ: Gas
  • Fencing: Block, Wrought Iron
  • Foundation: Slab
  • Patio: Concrete Slab, Deck, Rock - Stone
  • Pool: Yes
  • Pool Construction: Gunite, In Ground
  • Pool Description: Heated, Salt Water
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: Gunite, In Ground
  • Spa Hot Tub Description: Heated, Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Attached Carport, Driveway, Guest
  • Total Carport Spaces: 2.00
  • Total Covered Spaces: 5.00
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 25.00
  • Total Uncovered Assigned Spaces: 15.00

Utilities

  • TV Svcs: Cable TV
  • Volt 220: In Kitchen, In Laundry
  • Cooling Type: Ceiling Fan(s), Central Air
  • Heating: Fireplace(s), Forced Air
  • Security: Automatic Gate, Exterior Security Lights, Security System Owned
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas, Hot Water Circulator, Instant Hot Water, Tankless

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 630043019
  • Irrigation: Drip System, Sprinkler System, Sprinkler Timer
  • Lot Acres: 1.3100
  • Lot Description: Automatic Gate, Fenced, Irregular Lot, Landscaped, Yard
  • Lot Size: 57064.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 1

MLS Schools

  • Elementary School: Washington Charter
  • High School: Palm Desert
  • Junior Middle School: 1St Ave
  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2019
Closed on
Jun 5, 2020
Sold by
Nichols John J and Nichols Grace A
Bought by
Spitz Eric
Seller's Agent
Steven Gordon
Cove & Sea Realty Inc.
Buyer's Agent
Steven Gordon
Cove & Sea Realty Inc.
List Price
$3,450,000
Sold Price
$2,300,000
Premium/Discount to List
-$1,150,000
-33.33%
Total Days on Market
507
Current Estimated Value
$3,624,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,324,113
Avg. Annual Appreciation
9.79%
Original Mortgage
$1,840,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 1999
Sold by
Schrier Eugene & Betty L Trust and Eugene
Bought by
Nichols John J and Nichols Grace E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.2%
Mortgage Type
Seller Take Back

Range of Values:

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Average Value
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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
Spitz Eric $2,300,000 Lawyers Title Co
Nichols John J $675,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spitz Eric $1,810,000
Closed Spitz Eric $1,840,000
Previous Owner Nichols John J $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2020 07/13/20 Sold $2,300,000 -8.0% $342 / Sq Ft
06/05/2020 06/05/20 Pending -- -- --
05/28/2020 05/28/20 Price Changed $2,500,000 -12.3% $372 / Sq Ft
10/21/2019 10/21/19 Price Changed $2,850,000 -17.4% $424 / Sq Ft
01/15/2019 01/15/19 For Sale $3,450,000 -- $513 / 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
2023 $31,379 $2,392,920 $863,532 $1,529,388
2022 $29,999 $2,346,000 $846,600 $1,499,400
2021 $29,259 $2,300,000 $830,000 $1,470,000
2020 $15,675 $1,201,589 $286,684 $914,905
2019 $15,374 $1,178,029 $281,063 $896,966
2018 $15,083 $1,154,931 $275,553 $879,378
2017 $14,765 $1,132,286 $270,150 $862,136
2016 $14,389 $1,110,085 $264,853 $845,232
2015 $14,401 $1,093,413 $260,876 $832,537
2014 $13,589 $1,071,997 $255,767 $816,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219001703

California Desert Association of REALTORS®

APN: 630-043-019