NOT LISTED FOR SALE

860 N Prescott Dr Palm Springs, CA 92262

Old Las Palmas Neighborhood

Estimated Value: $3,561,000 - $4,186,000

5 Beds
6 Baths
3,259 Sq Ft
$1,182/Sq Ft Est. Value

Last Sold March 07, 2013

Last sale price $1,440,000 $442 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $24,436/month

8 Days on Market

About This Home

As of March 2013

Palm Springs most sought after neighborhood welcomes you to Old Las Palmas. With just over .5 acre this Spanish style estate was originally built in 1939 and was totally transformed into the epitome of gracious living in the desert. Walled and gated for privacy and security with lush landscaping, western mountain views and an outdoor living space perfect for entertaining, lounging by the pool or enjoying the spa! Beautiful wood beamed ceilings, light filled rooms and crown molding enhance the interior. The modernized kitchen, open to the casual family room, has dual ovens, stainless appliances, granite counters and an eat-in area. The main house features 3 bedroom suites plus powder room, formal living and dining rooms. Two separate guest suites offer endless opportunities. First time on the market since 1997.

Last Agent to Sell the Property

Louise Hampton

Berkshire Hathaway HomeServices California Properties License #00802409T Listed on: 01/28/2013

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Brady Sandahl

Keller Williams Luxury Homes License #01416687

Keller Williams Luxury Homes

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,282

Year Built

1939

Lot Details

0

Parking

2

Listing Details

  • Cross Street: EL ALAMEDA
  • Entry Location: Ground Level - no steps
  • Active Date: 2013-01-28
  • Full Bathroom: 5
  • Half Bathroom: 1
  • Building Size: 3259.0
  • Building Structure Style: Spanish
  • Driving Directions: From N. Palm Canyon - turn west on El Alameda - turn left on Prescott - home is on the left
  • Full Street Address: 860 N PRESCOTT DR
  • Number Of Remote Controls: 3
  • Pool Construction: In Ground
  • Pool Descriptions: Heated And Filtered, Heated - Gas, Private Pool
  • Primary Object Modification Timestamp: 2015-10-14
  • Property Condition: Updated/Remodeled
  • Spa Descriptions: Private Spa
  • Total Number of Units: 1
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1939

Interior Features

  • Bedroom Features: 2 Master Bedrooms, All Bedrooms Down
  • Eating Areas: Breakfast Area
  • Appliances: Microwave, Range
  • Advertising Remarks: Palm Springs most sought after neighborhood welcomes you to Old Las Palmas. With just over .5 acre this Spanish style estate was originally built in 1939 and was totally transformed into the epitome of gracious living in the desert. Walled and gated for
  • Total Bedrooms: 5
  • Builders Tract Code: 5650
  • Builders Tract Name: OLD LAS PALMAS
  • Fireplace: Yes
  • Levels: One Level
  • Spa: Yes
  • Interior Amenities: Beamed Ceiling(s), Crown Moldings, Pre-wired for surround sound
  • Fireplace Rooms: Living Room
  • Appliances: Dishwasher, Trash Compactor
  • Floor Material: Carpet, Ceramic Tile, Hardwood
  • Kitchen Features: Granite Counters, Remodeled
  • Laundry: Laundry Area
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 23086
  • Common Walls: Detached/No Common Walls
  • Other Structures: GuestHouse
  • Patio: Concrete Slab, Covered, Patio Open
  • Fence: Block Wall
  • Roofing: Tile
  • Water: District/Public

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway - Concrete
  • Parking Type: Garage - Two Door

Utilities

  • Sewer: In, Connected & Paid
  • Sprinklers: Sprinkler System, Sprinkler Timer
  • Water Heater: Gas
  • Cooling Type: Air Conditioning, Central A/C
  • Heating Type: Central Furnace
  • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Lot Description: Automatic Gate

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2021
Sold by
Lippman Vicki French and Lippman Steven A
Bought by
Schireson Peter and The Schireson Family Trust
Current Estimated Value
$3,852,664

Purchase Details

Closed on
Mar 23, 2017
Sold by
Lippman Steven A
Bought by
Lippman Steven A

Purchase Details

Listed on
Jan 28, 2013
Closed on
Feb 25, 2013
Sold by
Turner Sherrod E and Dibella James
Bought by
Lippman Vicki French and Lippman Steven A
Seller's Agent
Louise Hampton
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Brady Sandahl
Keller Williams Luxury Homes
List Price
$1,599,000
Sold Price
$1,440,000
Premium/Discount to List
-$159,000
-9.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.18%
Original Mortgage
$899,500
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2001
Sold by
Turner Sherrod E and Dibella James
Bought by
Turner Sherrod E and Dibella James

Purchase Details

Closed on
Jul 25, 2000
Sold by
Turner Sherrod E
Bought by
Turner Sherrod E and Dibella James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
8.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 17, 1997
Sold by
Tan Charles C
Bought by
Turner Sherrod E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 1994
Sold by
Tan Charles Co
Bought by
Tan Charles Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 1993
Sold by
Tan Charles C and Tan Zofia P
Bought by
Tan Charles C
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
Schireson Peter $3,400,000 Wfg National Title Co Of Ca
Lippman Steven A -- None Available
Lippman Vicki French -- None Available
Lippman Vicki French -- None Available
Lippman Vicki French $1,440,000 First American Title Company
Turner Sherrod E -- Benefit Land Title Company
Turner Sherrod E -- Fidelity National Title Co
Turner Sherrod E $325,000 Chicago Title Co
Tan Charles Co -- United Title Co
Tan Charles C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lippman Vicki French $903,700
Previous Owner Lippman Vicki French $899,500
Previous Owner Turner Sherrod E $700,000
Previous Owner Turner Sherrod E $700,000
Previous Owner Turner Sherrod E $896,000
Previous Owner Turner Sherrod E $200,000
Previous Owner Turner Sherrod E $930,000
Previous Owner Turner Sherrod E $400,000
Previous Owner Turner Sherrod E $548,000
Previous Owner Turner Sherrod E $95,000
Previous Owner Turner Sherrod E $549,000
Previous Owner Turner Sherrod E $530,000
Previous Owner Turner Sherrod E $44,000
Previous Owner Turner Sherrod E $260,000
Previous Owner Tan Charles Co $247,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2013 03/07/13 Sold $1,440,000 -9.9% $442 / Sq Ft
02/05/2013 02/05/13 Pending -- -- --
01/28/2013 01/28/13 For Sale $1,599,000 -- $491 / 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 $43,282 $3,608,107 $1,220,389 $2,387,718
2023 $43,282 $3,468,000 $1,173,000 $2,295,000
2022 $44,174 $3,400,000 $1,150,000 $2,250,000
2021 $21,637 $1,656,799 $573,371 $1,083,428
2020 $20,647 $1,639,811 $567,492 $1,072,319
2019 $20,286 $1,607,659 $556,365 $1,051,294
2018 $19,901 $1,576,137 $545,457 $1,030,680
2017 $19,606 $1,545,233 $534,762 $1,010,471
2016 $18,812 $1,497,935 $524,277 $973,658
2015 $18,098 $1,475,436 $516,402 $959,034
2014 $17,929 $1,446,537 $506,288 $940,249
Source: Public Records

Agents Affiliated with this Home

  • Louise Hampton

    Seller's Agent in 2013

    Louise Hampton

    Berkshire Hathaway HomeServices California Properties

    (760) 320-4586

    23 in this area

    124 Total Sales

    Louise Hampton
    Section Image
  • Brady Sandahl

    Buyer's Agent in 2013

    Brady Sandahl

    Keller Williams Luxury Homes

    (760) 656-6052

    6 in this area

    536 Total Sales

    Brady Sandahl
    Section Image
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Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 13-648123PS

APN: 505-283-002

California Riverside County Palm Springs 92262 Old Las Palmas

860 N Prescott Dr, Palm Springs, CA

This home is located at 860 N Prescott Dr, Palm Springs, CA 92262 since 28 January 2013 and is currently estimated at $3,852,664, approximately $1,182 per square foot. This property was built in 1939. 860 N Prescott Dr 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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