NOT LISTED FOR SALE

Estimated Value: $1,049,133 - $1,202,000

4 Beds
3 Baths
1,729 Sq Ft
$654/Sq Ft Est. Value

Sale Details

Date Sold: June 19, 2020

Last sale price $835,000 $483 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $7,037 / mo

49 Days on Market

Highlights

  • In Ground Pool
  • Gourmet Kitchen
  • Updated Kitchen
  • Palm Springs High School Rated A-
  • Panoramic View
  • Open Floorplan

About This Home

As of June 2020

Situated on a sprawling corner lot in historic Racquet Club Estates, this renovated 1961 mid-century modern residence has renowned architectural pedigree as it was designed by the famed architectural team Krisel & Palmer and built by the Alexander Construction Company. Features include: a direct expansive mountain view; a large swimming pool with spa with plenty of space to sunbathe; great indoor/outdoor entertaining potential as the kitchen and bar areas lead right out to the backyard area; owned solar panels; the kitchen displays sleek quartz countertops, sizable island, stylish cabinetry, and stainless steel appliances; three guest bedroom options and a large master retreat with exterior access; remodeled well-appointed bathrooms; several interior areas boasting beautiful vaulted wood ceilings; a bar area, fire pit area with seating, and bbq area; an open living area with a striking fireplace, and the property is not on leased land nor does it have a HOA. The property is being offered furnished, and has also been a successful vacation rental.

Last Agent to Sell the Property

Mike Patakas

Desert Sotheby's International Realty License #01264926 Listed on: 04/27/2020

Desert Sotheby's International Realty

Co-Listed By

Maria Patakas

Desert Sotheby's International Realty License #01785498

Last Buyer's Agent

Ivan Marchetti

Revel Real Estate License #01961741

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1961

Lot Details

  • 13,068 Sq Ft Lot
  • Home has North and South Exposure
  • Fenced
  • Landscaped
  • Corner Lot
  • Sprinkler System
  • Private Yard

Property Views

  • Panoramic
  • Mountain
  • Desert

Home Design

  • Midcentury Modern Architecture
  • Slab Foundation
  • Common Roof
  • Stucco Exterior

Interior Spaces

  • 1,729 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • Recessed Lighting
  • Gas Fireplace
  • Sliding Doors
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Tile Flooring
  • Security System Leased

Kitchen

  • Gourmet Kitchen
  • Updated Kitchen
  • Breakfast Bar
  • Gas Range
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Remodeled Bathroom
  • 3 Full Bathrooms
  • Double Vanity
  • Secondary bathroom tub or shower combo
  • Shower Only in Secondary Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Gunite Spa

Additional Features

  • Solar owned by seller
  • Concrete Porch or Patio
  • Ground Level
  • Central Heating and Cooling System

Community Details

  • Racquet Club East Subdivision

Listing and Financial Details

  • Assessor Parcel Number 501071027

Home Details

Home Type

Single Family

Year Built

Built in 1961

Lot Details

0.3 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces South, Leisure Faces North
  • Levels: One
  • Building Number Of Stories: 1
  • Building Style: Mid Century
  • Entry Location: Ground Level w/Steps
  • List Price per Sq Ft: 491.04
  • Lp Sp Ratio: 0.9800
  • View Type: Desert, Pool, Panoramic, Mountain(s)
  • Year Built: 1961
  • Co Listing Office Address: 500 S. Palm Canyon Dr., #101, Palm Springs, CA 92264
  • Co Listing Office Fax: (760) 424-3099
  • Listing I D: 219042212
  • Listing Member Address: 500 S. Palm Canyon Dr., #101, Palm Springs, CA 92264
  • Listing Office Address: 500 S. Palm Canyon Dr., #101, Palm Springs, CA 92264
  • Listing Office Fax: (760) 424-3099
  • Selling Office Address: 500 S. Palm Canyon Dr., #101, Palm Springs, CA 92264
  • Selling Office Fax: (760) 424-3099
  • Street Direction: E
  • Land Type: Fee
  • Subdivision: Racquet Club East
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Range, Washer, Refrigerator, Disposal, Dishwasher
  • Fireplace: Yes
  • Fireplace Location: Great Room, Living Room
  • Interior Amenities: Beamed Ceilings, Recessed Lighting, Open Floorplan
  • Fireplace Features: Gas
  • Flooring: Tile
  • Bedroom Features: All Bedrooms Down
  • Total Bedrooms: 4
  • Bathroom Features: Double Vanity(s), Shower Stall, Shower Over Tub, Remodeled
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Eating Areas: Breakfast Counter/Bar, Kitchen Island
  • Kitchen Features: Gourmet Kitchen, Quartz Counters, Remodeled, Island
  • Estimated Sq Ft: 1729.00

Exterior Features

  • Construction: Stucco
  • Other Features: Solar System Owned
  • Roofing: Common Roof
  • Fencing: Privacy
  • Foundation: Slab
  • Patio: Concrete Slab
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Gunite, Private, In Ground
  • 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: Garage Door Opener
  • Total Covered Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Cooling Type: Central Air
  • Heating: Central
  • Security: Security System Leased
  • Sewer: In, Connected and Paid

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 501071027
  • Irrigation: Sprinkler System
  • Lot Acres: 0.3000
  • Lot Description: Fenced, Yard, Single Lot, Landscaped
  • Lot Location: Corner Lot
  • Lot Size: 13068.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Yes

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2020
Closed on
Jun 9, 2020
Sold by
Stang Matthew
Bought by
Foreht Stephen R and Cornflower Revocable Trust
Seller's Agent
Mike Patakas
Desert Sotheby's International Realty
Buyer's Agent
Ivan Marchetti
Revel Real Estate
List Price
$849,000
Sold Price
$835,000
Premium/Discount to List
-$14,000
-1.65%
Current Estimated Value
$1,130,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,783
Avg. Annual Appreciation
5.35%

Purchase Details

Closed on
Oct 16, 2019
Sold by
Stang Jackee
Bought by
Stang Matthew

Purchase Details

Closed on
Oct 6, 2019
Sold by
Bligh Olson Alexander Peter Leonard
Bought by
Olson Joshua

Purchase Details

Closed on
Oct 1, 2019
Sold by
Olson Joshua and Olson Joshua Paul
Bought by
Stang Matthew

Purchase Details

Closed on
Jan 23, 2014
Sold by
Nas Property Group Llc
Bought by
Olson Joshua Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2013
Sold by
Speno Nicholas A
Bought by
Nas Property Group Llc

Purchase Details

Closed on
Mar 12, 2013
Sold by
Martin Lawrence W
Bought by
Speno Nicholas A

Purchase Details

Closed on
Apr 29, 2003
Sold by
Kovalevich Stanislava V
Bought by
Martin Lawrence W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Foreht Stephen R $835,000 Lawyers Title Ie
Stang Matthew -- Chicago Title Company Ie
Olson Joshua -- Chicago Title Company Ie
Stang Matthew $813,000 Chicago Title Company Ie
Olson Joshua Paul $630,000 Lawyers Title Company
Nas Property Group Llc -- None Available
Speno Nicholas A $250,000 Fidelity National Title Co
Martin Lawrence W -- Lawyers Title Company
Martin Lawrence W -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olson Joshua Paul $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/19/2020 06/19/20 Sold $835,000 -1.6% $483 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
04/27/2020 04/27/20 For Sale $849,000 +34.8% $491 / Sq Ft
04/09/2014 04/09/14 Sold $630,000 -3.1% $378 / Sq Ft View Prior Sale
03/28/2014 03/28/14 Pending -- -- --
03/15/2014 03/15/14 For Sale $650,000 +3.2% $390 / Sq Ft
03/12/2014 03/12/14 Off Market $630,000 -- --
12/07/2013 12/07/13 For Sale $650,000 -- $390 / Sq Ft
Source: California Desert Association of REALTORS®

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 $12,001 $913,190 $91,864 $821,326
2023 $12,001 $877,732 $88,298 $789,434
2022 $12,009 $860,522 $86,567 $773,955
2021 $11,541 $843,650 $84,870 $758,780
2020 $10,365 $813,000 $243,900 $569,100
2019 $15,644 $692,314 $207,693 $484,621
2018 $15,272 $678,740 $203,621 $475,119
2017 $14,533 $665,432 $199,629 $465,803
2016 $14,282 $652,385 $195,715 $456,670
2015 $13,957 $642,587 $192,776 $449,811
2014 $3,454 $265,000 $81,600 $183,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219042212

California Desert Association of REALTORS®

APN: 501-071-027

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