NOT LISTED FOR SALE

740 E Mel Ave Palm Springs, CA 92262

El Mirador Neighborhood

Estimated Value: $1,193,000 - $2,280,000

4 Beds
4 Baths
3,100 Sq Ft
$516/Sq Ft Est. Value

Last Sold April 23, 2020

Last sale price $785,000 $253 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $9,569/month

64 Days on Market

Highlights

  • Guest House
  • Heated In Ground Pool
  • Two Way Fireplace
  • Palm Springs High School Rated A-
  • Mountain View
  • Ground Level Unit

About This Home

As of April 2020

Price reduced! In prestigious and historic El Mirador, this four bedroom, four bath home is walled and gated for privacy and includes a detached casita. The main house features dual master suites plus a guest bedroom, 3 baths, great room, and a large family room. The casita has a living room, bedroom, and kitchen. This home and the casita are ready to be updated into a gracious estate. Much of the mechanical work is complete, including three new air conditioning zones, tankless water heater, new pool equipment, a newly re-plastered pool, and electrical updates. The mature landscaping of this large (16,553 sq ft) lot is truly stunning. The property is within walking distance of Uptown Design District restaurants, shops, and galleries. Virtual tour link https://www.youtube.com/watch?v=UeQ26yn0tDA (copy and paste link)

Last Agent to Sell the Property

Phillip Lombardi

Keller Williams Luxury Homes License #01924335 Listed on: 02/11/2020

Keller Williams Luxury Homes

Last Buyer's Agent

Michael D'Ambra

National Financial Invesment License #00872524

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,502

Year Built

  • Built in 1937

Lot Details

  • 0.38 Acre Lot
  • Property is zoned R1B

Interior Spaces

  • 3,100 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Two Way Fireplace
  • Family Room
  • Mountain Views

Kitchen

  • Breakfast Area or Nook
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry in Carport
  • Dryer
  • Washer

Parking

  • Carport
  • Automatic Gate

Pool

  • Heated In Ground Pool
  • Gas Heated Pool

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Covered Patio or Porch
  • Guest House
  • Ground Level Unit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 507-081-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,502

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Ranch
  • Levels: Ground Level
  • Street Number Display: Yes
  • Builders Tract Code: 5505
  • Living Area: 3100
  • Stories: 1
  • Year Built: 1937
  • Builders Tract Name: El Mirador
  • Number Of Photos: 47
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Two Way
  • Flooring: Carpet, Tile
  • Bedrooms: 4
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 2
  • Dining Room: 0
  • Family Room: 1
  • Laundry: In Carport
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Dryer, Hood Fan, Refrigerator, Washer
  • Price Per S Q F T: 274.19

Exterior Features

  • Other Structures: GuestHouse
  • Tennis Court Y/N: No
  • Pool Description: Heated And Filtered, Heated with Gas, In Ground, Private
  • Pool: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Parking Garage: Auto Driveway Gate, Carport

Utilities

  • Cooling: Air Conditioning, Ceiling Fan, Central, Multi/Zone
  • Heating: Forced Air, Natural Gas

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 507-081-004
  • Geocode Override: No
  • Lot Size Area: 16553

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2020
Closed on
Apr 20, 2020
Sold by
Justice Michael John and Justice Jessica Michelle
Bought by
Ambra Michael A D and Ambra Denise D
Seller's Agent
Phillip Lombardi
Keller Williams Luxury Homes
Buyer's Agent
Michael D'Ambra
National Financial Invesment
List Price
$949,000
Sold Price
$785,000
Premium/Discount to List
-$164,000
-17.28%
Current Estimated Value
$1,598,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$813,625
Avg. Annual Appreciation
14.16%

Purchase Details

Listed on
Jan 31, 2018
Closed on
Feb 20, 2018
Sold by
Billard Michel and Billard Christine
Bought by
Justice Michael John and Justice Jessica Michelle
Seller's Agent
Kelly McLean
McLean Company Rentals
Buyer's Agent
Phillip Lombardi
Keller Williams Luxury Homes
List Price
$779,900
Sold Price
$710,000
Premium/Discount to List
-$69,900
-8.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.78%

Purchase Details

Closed on
Nov 18, 2003
Sold by
Coffin Craig
Bought by
Billard Michel and Billard Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$501,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 2002
Sold by
Wilbee James and Hoey Jeffrey
Bought by
Coffin Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 1999
Sold by
William Gardner
Bought by
Wilbee James H and Wilbee Mary H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,950
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 1998
Sold by
Texas Commerce Bank Na
Bought by
Gardner William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,200
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 1997
Sold by
Nelson David G and Nelson Anne F
Bought by
Texas Commerce Bank National Assn
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
Ambra Michael A D $785,000 Stewart Title Company
Justice Michael John $710,000 Orange Coast Title Company
Billard Michel $640,000 Chicago Title Co
Coffin Craig $465,000 Chicago Title Co
Wilbee James H $380,000 Chicago Title Co
Gardner William $204,500 First American Title Co
Texas Commerce Bank National Assn $195,000 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Billard Michel $250,000
Previous Owner Billard Michel $501,000
Previous Owner Billard Michel $501,000
Previous Owner Coffin Craig $200,000
Previous Owner Wilbee James H $303,950
Previous Owner Gardner William $129,200
Closed Billard Michel $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2020 04/23/20 Sold $785,000 -17.3% $253 / Sq Ft
04/15/2020 04/15/20 Pending -- -- --
02/11/2020 02/11/20 For Sale $949,000 +33.7% $306 / Sq Ft
03/02/2018 03/02/18 Sold $710,000 -9.0% $328 / Sq Ft
01/31/2018 01/31/18 For Sale $779,900 -- $360 / 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
2025 $10,502 $858,507 $162,403 $696,104
2023 $10,502 $825,172 $156,098 $669,074
2022 $10,715 $808,993 $153,038 $655,955
2021 $10,497 $793,132 $150,038 $643,094
2020 $9,448 $738,683 $243,453 $495,230
2019 $9,285 $724,200 $238,680 $485,520
2018 $9,111 $710,000 $234,000 $476,000
2017 $6,685 $513,000 $154,000 $359,000
2016 $6,615 $513,000 $154,000 $359,000
2015 $6,119 $486,000 $146,000 $340,000
2014 $6,078 $479,000 $144,000 $335,000
Source: Public Records

Agents Affiliated with this Home

  • Phillip Lombardi

    Seller's Agent in 2020

    Phillip Lombardi

    Keller Williams Luxury Homes

    (213) 705-3428

    Phillip Lombardi
    Section Image
  • Michael D'Ambra

    Buyer's Agent in 2020

    Michael D'Ambra

    National Financial Invesment

    (650) 464-6458

    5 Total Sales

    Michael D'Ambra
    Section Image

  • K

    Seller's Agent in 2018

    Kelly McLean

    McLean Company Rentals

    (760) 285-7577

    4 Total Sales

    Kelly McLean
    Section Image
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Map

Source: The MLS

MLS Number: 20-564570

The MLS

APN: 507-081-004

California Riverside County Palm Springs 92262 El Mirador

740 E Mel Ave, Palm Springs, CA

This home is located at 740 E Mel Ave, Palm Springs, CA 92262 since 11 February 2020 and is currently estimated at $1,598,625, approximately $515 per square foot. This property was built in 1937. 740 E Mel Ave 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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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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