NOT LISTED FOR SALE

928 N Avenida Palmas Palm Springs, CA 92262

The Movie Colony Neighborhood

Estimated Value: $2,341,000 - $4,752,000

6 Beds
6 Baths
6,000 Sq Ft
$603/Sq Ft Est. Value

Last Sold May 11, 2016

Last sale price $3,400,001 $567 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $20,845/month

34 Days on Market

Highlights

  • Guest House
  • Heated In Ground Pool
  • Desert View
  • Palm Springs High School Rated A-
  • 1.54 Acre Lot
  • 1-minute walk to The Wellness Park

About This Home

As of May 2016

Designed by John Byers, AIA, Cary Grant's 19th-century Spanish Andalusian farmhouse, Las Palomas, sits on 1.5 acres in Palm Springs' famed Movie Colony. Grant's desert retreat served as a haven for fellow Hollywood luminaries such as Alfred Hitchcock, Katharine Hepburn, Frank Sinatra and Grace Kelly. Walled, gated and lined with greenery, a large drive and motor court lead to an impeccably-maintained hacienda. While extensively restored, it preserves original elements such as terracotta floor tiles, wood-burning fireplaces, and custom cabinetry. The open floor plan features spacious common areas with soaring ceilings and a series of French doors opening to surrounding gardens. Upstairs living quarters includes a master suite with a fireplace and balconies overlooking the grounds. Idyllic, beautifully manicured outdoors feature a stone pool and spa terrace, surrounded by majestic 80-year-old eucalyptus trees, palms, agave and an array of fruit trees that bloom year round.

Last Agent to Sell the Property

Eric Lavey

The Beverly Hills Estates License #01511292 Listed on: 03/08/2016

The Beverly Hills Estates

Co-Listed By

Mauricio Umansky

The Agency License #01222825

Last Buyer's Agent

Ttk Represents

Compass License #01327863

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,495

Year Built

  • Built in 1930

Lot Details

  • 1.54 Acre Lot
  • Property is zoned R1

Parking

  • Detached Carport Space

Home Design

  • Spanish Architecture

Interior Spaces

  • 6,000 Sq Ft Home
  • 2-Story Property
  • Bar
  • Ceiling Fan
  • Great Room
  • Living Room
  • Dining Room
  • Desert Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Walk-In Pantry
  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 6 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Pool

  • Heated In Ground Pool
  • Heated Spa

Additional Features

  • Enclosed Patio or Porch
  • Guest House
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 507-164-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,495

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Builders Tract Code: 5620
  • Living Area: 6000
  • Lot Acreage: 1.5400
  • Stories: 2
  • Year Built: 1930
  • Builders Tract Name: Movie Colony
  • Number Of Photos: 53
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Tile
  • Bedrooms: 6
  • Full Bathroom: 6
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Electric Dryer Hookup, Freezer, Refrigerator
  • Price Per S Q F T: 582.50

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated
  • Pool: Yes
  • Spa: Heated
  • Spa Yn: Yes
  • View: Desert
  • View: Yes

Garage/Parking

  • Parking Garage: Carport Detached

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 507-164-001
  • Geocode Override: No
  • Lot Size Area: 67082

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2016
Closed on
Apr 13, 2016
Sold by
Burrows Guy T
Bought by
Herrmann Arnold
Seller's Agent
Eric Lavey
The Beverly Hills Estates
Buyer's Agent
Ttk Represents
Compass
List Price
$3,495,000
Sold Price
$3,400,001
Premium/Discount to List
-$94,999
-2.72%
Current Estimated Value
$3,616,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,786
Avg. Annual Appreciation
0.66%

Purchase Details

Closed on
Mar 19, 2015
Sold by
Burrows Guy Timothy
Bought by
Burrows Guy T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
3.19%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Sep 19, 2012
Sold by
Wells Fargo Bank Na
Bought by
Burrows Guy Timothy

Purchase Details

Closed on
Jul 12, 2012
Sold by
Smith Jane Cowles
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Dec 8, 2006
Sold by
Smith Jane Cowles
Bought by
Smith Jane Cowles

Purchase Details

Closed on
Jul 15, 1998
Sold by
Frank Zane and Frank Christine Zane
Bought by
Smith Jane Cowles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 1996
Sold by
Zane Frank and Zane Christine
Bought by
Zane Frank and Zane Christine
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
Herrmann Arnold $3,400,500 Wfg National Title
Burrows Guy T -- Placer Title Company
Burrows Guy Timothy $1,301,000 Servicelink
Wells Fargo Bank Na $1,532,475 First American Title Company
Smith Jane Cowles -- None Available
Smith Jane Cowles $720,000 Fidelity National Title Ins
Zane Frank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herrmann Arnold $2,500,000
Previous Owner Burrows Guy T $938,250
Previous Owner Smith Jane Cowles $1,500,000
Previous Owner Smith Jane Cowles $305,000
Previous Owner Smith Jane Cowles $800,000
Previous Owner Smith Jane Cowles $820,000
Previous Owner Smith Jane Cowles $232,000
Previous Owner Smith Jane Cowles $825,000
Previous Owner Smith Jane Cowles $576,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2016 05/11/16 Sold $3,400,001 -2.7% $567 / Sq Ft
04/11/2016 04/11/16 Pending -- -- --
03/08/2016 03/08/16 For Sale $3,495,000 -- $583 / 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 $15,495 $1,280,552 $300,000 $980,552
2023 $15,495 $1,254,916 $300,000 $954,916
2022 $17,709 $1,350,566 $300,000 $1,050,566
2021 $15,299 $1,165,424 $300,000 $865,424
2020 $13,299 $1,048,563 $250,000 $798,563
2019 $12,822 $1,008,220 $250,000 $758,220
2018 $12,388 $973,000 $200,000 $773,000
2017 $12,030 $940,000 $200,000 $740,000
2016 $16,935 $1,353,341 $405,689 $947,652
2015 $16,289 $1,333,015 $399,597 $933,418
2014 $16,133 $1,306,905 $391,770 $915,135
Source: Public Records

Agents Affiliated with this Home

  • Eric Lavey

    Seller's Agent in 2016

    Eric Lavey

    The Beverly Hills Estates

    (310) 908-6800

    84 Total Sales

    Eric Lavey
    Section Image
  • Mauricio Umansky

    Seller Co-Listing Agent in 2016

    Mauricio Umansky

    The Agency

    (424) 230-3712

    71 Total Sales

    Mauricio Umansky
    Section Image

  • T

    Buyer's Agent in 2016

    Ttk Represents

    Compass

    (760) 350-9253

    2 in this area

    243 Total Sales

    Ttk Represents
    Section Image
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Map

Source: The MLS

MLS Number: 16-103418

The MLS

APN: 507-164-001

California Riverside County Palm Springs 92262 The Movie Colony

928 N Avenida Palmas, Palm Springs, CA

This home is located at 928 N Avenida Palmas, Palm Springs, CA 92262 since 08 March 2016 and is currently estimated at $3,616,787, approximately $602 per square foot. This property was built in 1930. 928 N Avenida Palmas 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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