NOT LISTED FOR SALE

987 E Twin Palms Dr Palm Springs, CA 92264

Estimated Value: $1,107,000 - $1,710,000

4 Beds
3 Baths
1,600 Sq Ft
$905/Sq Ft Est. Value

Last Sold November 29, 2012

Last sale price $590,000 $369 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $8,364/month

118 Days on Market

About This Home

As of November 2012

Check out this turnkey furnished cash-generating mid-century home located on land you own in South Palm Springs! This Palmer & Krisel designed Sunflap home offers a super hip style, a great location near ACE Hotel and Koffi, and an impressive rental history that will exceed $60,000 for 2012. Bright south-facing great room that includes high wood beam ceilings, clerestory windows, gas fireplace, and direct access to the south-facing private backyard, large pool and mountain views. Kitchen is equipped with stainless steel gas range, built-in microwave, and refrigerator as well as modern cabinetry, too. Master Suite includes wood beam ceilings, direct access to the outside as well as a private bath with dual sinks and shower/tub combination. Bedrooms Two and Three also offer wood beam ceilings and are across the hall from Bathroom Two that includes a shower/tub combination. Former carport was turned into Bedroom Four that operates like a detached guest house (Extra 400+ sq ft)!

Last Agent to Sell the Property

Brady Sandahl

Keller Williams Luxury Homes License #01416687 Listed on: 07/13/2012

Keller Williams Luxury Homes

Last Buyer's Agent

Robert Mosura

Town Real Estate License #01719772

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,606

Year Built

1957

Lot Details

0

Listing Details

  • Cross Street: NAVAJO DRIVE
  • Entry Location: Ground Level - no steps
  • Active Date: 2012-07-13
  • Full Bathroom: 3
  • Building Size: 1600.0
  • Building Structure Style: Mid Century
  • Driving Directions: From East Palm Canyon, turn south onto South Camino Real, turn left (east) onto East Twin Palms. The home will be on your right.
  • Full Street Address: 987 E Twin Palms DR
  • Lot Location: Corner Lot
  • Lot Size Acres: 0.24
  • Pool Construction: In Ground
  • Pool Descriptions: Filtered, Heated, Heated And Filtered, Heated - Gas, Private Pool
  • Primary Object Modification Timestamp: 2015-10-01
  • Property Condition: Additions/Alter
  • Tax Legal Lot Number: 19
  • View Type: Mountain View, Pool View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0
  • Year Built: 1957

Interior Features

  • Bathroom Features: Double Vanity(s), Shower Over Tub, Shower Stall
  • Bedroom Features: Master Suite
  • Eating Areas: Dining Area
  • Appliances: Microwave, Oven-Gas
  • Advertising Remarks: Check out this turnkey furnished cash-generating mid-century home located on land you own in South Palm Springs! This Palmer & Krisel designed Sunflap home offers a super hip style, a great location near ACE Hotel and Koffi, and an impressive rental his
  • Total Bedrooms: 4
  • Builders Tract Code: 7020
  • Builders Tract Name: TWIN PALMS
  • Fireplace: Yes
  • Levels: One Level
  • Interior Amenities: Beamed Ceiling(s), Furnished, High Ceilings (9 Feet+), Turnkey
  • Fireplace Rooms: Living Room
  • Appliances: Dryer, Garbage Disposal, Refrigerator, Washer
  • Floor Material: Carpet, Ceramic Tile, Wood
  • Kitchen Features: Counter Top, Open to Family Room
  • Laundry: Inside
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 10454
  • Common Walls: Detached/No Common Walls
  • Other Structures: GuestHouse
  • Water: Water District

Garage/Parking

  • Parking Features: Converted Garage
  • Parking Type: Garage - None

Utilities

  • Sewer: In, Connected & Paid
  • Sprinklers: Drip System, Front, Rear, Side, Sprinkler System, Sprinkler Timer
  • Water Heater: Water Heater Central
  • Cooling Type: Air Conditioning, Central A/C
  • Heating Type: Central Furnace, Fireplace, Wall Electric
  • Security: Carbon Monoxide Detector(s), Security System - Owned, Smoke Detector

Condo/Co-op/Association

  • HOA: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2012
Closed on
Nov 12, 2012
Sold by
Baron David L
Bought by
Clark Collen Joy and Rossclark Trust
Seller's Agent
Brady Sandahl
Keller Williams Luxury Homes
Buyer's Agent
Robert Mosura
Town Real Estate
List Price
$619,500
Sold Price
$590,000
Premium/Discount to List
-$29,500
-4.76%
Current Estimated Value
$1,447,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$857,997
Avg. Annual Appreciation
7.16%

Purchase Details

Closed on
Sep 21, 2009
Sold by
Jojobee Holdings Llc
Bought by
Baron David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2007
Sold by
Kempton John Mark
Bought by
Jojobee Holdings Llc

Purchase Details

Closed on
May 12, 2005
Sold by
Kempton Jan T
Bought by
Kempton John Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,720
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2005
Sold by
Mink Bruce
Bought by
Kempton John Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,720
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 1997
Sold by
Johanna Pipes Family Partnership Lp
Bought by
Mink Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.31%

Purchase Details

Closed on
Aug 30, 1996
Sold by
Pipes Johanna I
Bought by
Johanna Pipes Family Partnership Lp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Clark Collen Joy $590,000 Orange Coast Title Co
Baron David L $350,000 Ticor Title
Jojobee Holdings Llc -- None Available
Kempton John Mark -- Orange Coast Title Co
Kempton John Mark $696,000 Orange Coast Title Co
Mink Bruce $125,000 First American Title Ins Co
Johanna Pipes Family Partnership Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baron David L $247,500
Previous Owner Kempton John Mark $556,720
Previous Owner Mink Bruce $100,000
Closed Kempton John Mark $69,590
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2012 11/29/12 Sold $590,000 -4.8% $369 / Sq Ft
11/08/2012 11/08/12 Pending -- -- --
07/13/2012 07/13/12 For Sale $619,500 -- $387 / 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 $8,606 $699,426 $206,873 $492,553
2023 $8,606 $672,269 $198,841 $473,428
2022 $8,779 $659,089 $194,943 $464,146
2021 $8,602 $646,167 $191,121 $455,046
2020 $8,104 $630,543 $189,162 $441,381
2019 $7,964 $618,180 $185,453 $432,727
2018 $7,816 $606,060 $181,817 $424,243
2017 $7,701 $594,177 $178,252 $415,925
2016 $7,476 $582,527 $174,757 $407,770
2015 $7,182 $573,779 $172,133 $401,646
2014 $7,101 $562,541 $168,762 $393,779
Source: Public Records

Agents Affiliated with this Home

  • Brady Sandahl

    Seller's Agent in 2012

    Brady Sandahl

    Keller Williams Luxury Homes

    (760) 656-6052

    520 Total Sales

    Brady Sandahl
    Section Image
  • Robert Mosura

    Buyer's Agent in 2012

    Robert Mosura

    Town Real Estate

    (760) 835-1216

    28 Total Sales

    Robert Mosura
    Section Image
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Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 41457148

APN: 511-044-003

California Riverside County Palm Springs 92264

987 E Twin Palms Dr, Palm Springs, CA

Not Listed for Sale

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