NOT LISTED FOR SALE

940 E Palm Canyon Dr Unit 207 Palm Springs, CA 92264

Estimated Value: $508,000 - $570,000

2 Beds
2 Baths
1,163 Sq Ft
$396/mo HOA Fee

Last Sold October 06, 2023

Last sale price $550,000 $473 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,743/month

68 Days on Market

Highlights

  • Fitness Center
  • Heated In Ground Pool
  • Gated Community
  • Palm Springs High School Rated A-
  • Primary Bedroom Suite
  • Open Floorplan

About This Home

As of October 2023

Stunning! Highly upgraded corner unit in the Mid Century Modern Biltmore Colony. This upper end unit has no one above or below you and enjoys a prime interior location in this gated community away from highway noise. This well appointed home features Quartz Stone flooring throughout the living areas and continues out to the oversized patio balcony, an exceptional additional living area enjoying awesome mountain views. The balcony's north facing location is ideal for year round use. The original wall staircase was removed and replaced with stainless steel railings enhancing the open feel with lots of natural light. The kitchen boasts Caesarstone counter tops & SS appliances. The second bath door off kitchen was moved to the bedroom to create two Primary suites with upgraded carpeting. Both baths have been recently upgraded. More features include an individual laundry room and direct access garage with additional storage area. The extensive remodeling with over 100K in upgrades make this unit the best available in the this model. Community amenities include 3 swimming pools, 2 spas, a modernism themed Clubhouse/party room inspired by the original, glamorous Biltmore Hotel, a state of the art exercise facility, 3 outdoor barbecues, a full outdoor kitchen, fire pit, & dog parks. This condo also enjoys a long history of long term seasonal rental guests. All of this and You Own the Land! Across from Koffi and Ace Hotel this is Palm Springs luxury living at its best!

Last Agent to Sell the Property

Bob Martin

Compass License #01063632 Listed on: 06/23/2023

Compass

Last Buyer's Agent

James Macke

Bennion Deville Homes License #01155974

Bennion Deville Homes

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,870

Year Built

  • Built in 2006 | Remodeled

Lot Details

  • End Unit
  • No Units Located Below
  • Two or More Common Walls
  • Cul-De-Sac

HOA Fees

  • $396 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Oversized Parking
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • Automatic Gate

Home Design

  • Midcentury Modern Architecture
  • Entry on the 1st floor
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 1,163 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Blinds
  • Entryway
  • Living Room with Attached Deck
  • L-Shaped Dining Room
  • Formal Dining Room
  • Storage
  • Mountain Views
  • Pest Guard System

Kitchen

  • Breakfast Bar
  • Free-Standing Range
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Corian Countertops
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Living Room Balcony
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 1 / 940
  • Tax Tract Number 32942
  • Assessor Parcel Number 508372034
  • $250 per year additional tax assessments

Community Details

Overview

  • Master Insurance
  • 133 Units
  • Biltmore Colony Association, Phone Number (760) 776-5100
  • The Management Trust HOA
  • Biltmore Colony Subdivision
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Community Fire Pit
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Card Room
  • Recreation Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Dog Park
  • Hiking Trails
  • Bike Trail

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Resident Manager or Management On Site
  • Card or Code Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,870

Year Built

Built in 2006 | Remodeled

Lot Details

0

HOA Fees

$396 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Gated Community, Smoke Detector(s)
  • Subdivision Name Other: Biltmore Colony (33410)
  • View: Yes
  • Architectural Style: Mid Century Modern
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 508372034
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1163.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Ceiling Fan(s), Copper Plumbing Full, Corian Counters, Furnished, Living Room Balcony, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Stone Counters, Storage
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls, End Unit, No One Below
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar, Dining Ell, Dining Room, Separated
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 472.91
  • Room Type: Entry, Kitchen, Laundry, Living Room, Main Floor Master Bedroom, Master Suite, Two Masters, Walk-In Closet
  • Spa Features: Association, Community, In Ground
  • Window Features: Blinds, Double Pane Windows
  • Bathroom Features: Bathtub, Shower, Double Sinks In Bath(s), Double Sinks In Master Bath, Exhaust Fan(s), Remodeled, Upgraded, Walk-In Shower
  • Room Kitchen Features: Corian Counters

Exterior Features

  • Patio: Yes
  • View: Mountain(s)
  • Patio And Porch Features: Covered, Stone
  • Pool Features: Association, Community, Heated, In Ground
  • Pool Private: No
  • Roof: Composition
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Faces Side, Garage - Single Door, Oversized, Private
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Water Line to Refrigerator
  • Heating Type: Central, Natural Gas
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Fire Pit, Barbecue, Outdoor Cooking Area, Picnic Area, Dog Park, Pest Control, Gym/Ex Room, Clubhouse, Card Room, Recreation Room, Insurance, Maintenance Grounds, Trash, Sewer, Water, Pet Rules, Pets Permitted, Call for Rules, Management, Controlled Access
  • Association Fee: 396.00
  • Association Fee Frequency: Monthly
  • Association Name: Biltmore Colony
  • Phone: 7607765100
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Hiking, Sidewalks, Street Lights
  • Association Management: The Management Trust

Schools

  • School District: Palm Springs Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Cul-De-Sac
  • Lot Size Sq Ft: 1080.00
  • Lot Size Acres: 0.0248
  • Latitude Manual: 33.80225000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1080.0000 Square Feet
  • Number Of Units In Community: 133
  • Number Of Units Total: 133

Tax Info

  • Tax Block: 940
  • Tax Census Tract: 448.05
  • Tax Lot: 1
  • Tax Tract Number: 32942
  • TaxOtherAnnualAssessmentAmount: 250.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2023
Closed on
Sep 13, 2023
Sold by
Velberg Andrew Paul
Bought by
Madigan David Michael
Seller's Agent
Bob Martin
Compass
Buyer's Agent
James Macke
Bennion Deville Homes
List Price
$575,000
Sold Price
$550,000
Premium/Discount to List
-$25,000
-4.35%
Views
213
Current Estimated Value
$525,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,803
Avg. Annual Appreciation
-2.32%

Purchase Details

Listed on
Jun 23, 2023
Closed on
Sep 8, 2023
Sold by
Kevin Allen Dickson Living Trust
Bought by
Madigan David Michael
Seller's Agent
Bob Martin
Compass
Buyer's Agent
James Macke
Bennion Deville Homes
List Price
$575,000
Sold Price
$550,000
Premium/Discount to List
-$25,000
-4.35%
Views
213

Purchase Details

Closed on
Oct 12, 2021
Sold by
Dickson Kevin Allen
Bought by
Dickson Kevin Allen and Kevin Allen Dickson Living Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2007
Sold by
Nrc & 1 Llc
Bought by
Dickson Kevin Allen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Madigan David Michael -- Ticor Title
Madigan David Michael $550,000 Ticor Title
Dickson Kevin Allen -- Amrock Llc
Dickson Kevin Allen -- Amrock Llc
Dickson Kevin Allen $415,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dickson Kevin Allen $295,000
Previous Owner Dickson Kevin Allen $332,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2023 10/06/23 Sold $550,000 -1.8% $473 / Sq Ft
08/31/2023 08/31/23 Pending -- -- --
08/02/2023 08/02/23 Price Changed $560,000 -2.6% $482 / Sq Ft
06/27/2023 06/27/23 For Sale $575,000 +4.5% $494 / Sq Ft
06/23/2023 06/23/23 Off Market $550,000 -- --
06/23/2023 06/23/23 For Sale $575,000 -- $494 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,870 $561,000 $168,300 $392,700
2023 $6,870 $534,399 $160,316 $374,083
2022 $6,838 $510,165 $153,629 $356,536
2021 $5,600 $414,769 $124,902 $289,867
2020 $4,936 $377,062 $113,547 $263,515
2019 $4,809 $366,080 $110,240 $255,840
2018 $4,635 $352,000 $106,000 $246,000
2017 $4,406 $332,000 $100,000 $232,000
2016 $4,176 $317,000 $95,000 $222,000
2015 $3,761 $292,000 $88,000 $204,000
2014 $3,460 $266,000 $80,000 $186,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23073680

California Regional Multiple Listing Service (CRMLS)

APN: 508-372-034