Seller's Agent in 2023
Gil Rose
Gil Rose, Broker
(760) 318-9191
1 in this area
26 Total Sales
1025 N Avenida Olivos Palm Springs, CA 92262
The Movie Colony NeighborhoodEstimated Value: $1,470,000 - $2,257,000
4
Beds
3.5
Baths
2,502
Sq Ft
$715/Sq Ft
Est. Value
Highlights
- Detached Guest House
- In Ground Pool
- Engineered Wood Flooring
- Palm Springs High School Rated A-
- Mountain View
- Hacienda Architecture
About This Home
As of December 2023Make your dream of living in the famed Movie Colony of Palm Springs a reality. This vintage 1947 estate is ready for you to create your own vision. Sold in its present condition this 4 bedroom home with detached guest house, den/office and multiple public rooms has endless opportunities. Walled and gated (electric driveway gate) enjoy the privacy of your own compound and at the same time be just two blocks from the vibrant Uptown Design District. This property could be a money-producing asset or your own very special piece of Palm Springs history.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $17,024
Year Built
- Built in 1947
Lot Details
- 0.32 Acre Lot
- West Facing Home
- Gated Home
- Property is zoned R1C
Parking
- 3 Car Garage
Home Design
- Hacienda Architecture
- Fixer Upper
- Flat Roof Shape
- Clay Roof
- Stucco
Interior Spaces
- 2,502 Sq Ft Home
- 1-Story Property
- Bar
- Great Room
- Living Room with Fireplace
- Formal Dining Room
- Den
- Mountain Views
Kitchen
- Breakfast Area or Nook
- Dishwasher
Flooring
- Engineered Wood
- Pavers
Bedrooms and Bathrooms
- 4 Bedrooms
- Double Vanity
- Bidet
- Hydromassage or Jetted Bathtub
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
Pool
- In Ground Pool
- In Ground Spa
Additional Homes
- Detached Guest House
Utilities
- Central Heating
- Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 507-151-004
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 28, 2023
Closed on
Nov 29, 2023
Sold by
Castro Ballou-Gomez Trust
Bought by
Desert Palms Oasis Llc
Seller's Agent
Gil Rose
Gil Rose, Broker
Buyer's Agent
Lee Sheppard
Sheppard & Co
List Price
$1,528,000
Sold Price
$1,435,000
Premium/Discount to List
-$93,000
-6.09%
Total Days on Market
15
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$354,605
Avg. Annual Appreciation
17.22%
Purchase Details
Listed on
Oct 28, 2023
Closed on
Nov 28, 2023
Sold by
Castro David Gomez
Bought by
Ballou-Gomez Castro Trust and Ballou
Seller's Agent
Gil Rose
Gil Rose, Broker
Buyer's Agent
Lee Sheppard
Sheppard & Co
List Price
$1,528,000
Sold Price
$1,435,000
Premium/Discount to List
-$93,000
-6.09%
Views
45
Purchase Details
Closed on
May 24, 2004
Sold by
Cavanaugh Lisa
Bought by
Cavanaugh Donald
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
3.57%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
May 16, 2004
Sold by
Cavanaugh Donald
Bought by
Castro David Gomez and Ballou Charles L
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
3.57%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 16, 1994
Sold by
Richmond Edgar E and Richmond Karen S
Bought by
Cavanaugh Donald
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Desert Palms Oasis Llc | $1,378,000 | First American Title | |
| Cavanaugh Donald | -- | North American Title Co | |
| Castro David Gomez | $800,000 | North American Title Co | |
| Cavanaugh Donald | $295,000 | Commonwealth Land Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Castro David Gomez | $500,000 | |
| Previous Owner | Cavanaugh Donald | $250,000 | |
| Previous Owner | Cavanaugh Donald | $200,000 | |
| Previous Owner | Cavanaugh Donald | $206,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/04/2023 12/04/23 | Sold | $1,435,000 | -6.1% | $574 / Sq Ft |
| 11/12/2023 11/12/23 | Pending | -- | -- | -- |
| 11/05/2023 11/05/23 | For Sale | $1,528,000 | +6.5% | $611 / Sq Ft |
| 11/03/2023 11/03/23 | Off Market | $1,435,000 | -- | -- |
| 11/03/2023 11/03/23 | For Sale | $1,528,000 | +6.5% | $611 / Sq Ft |
| 11/01/2023 11/01/23 | Off Market | $1,435,000 | -- | -- |
| 10/28/2023 10/28/23 | For Sale | $1,528,000 | -- | $611 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $17,024 | $1,093,242 | $327,964 | $765,278 |
| 2022 | $14,108 | $1,071,807 | $321,534 | $750,273 |
| 2021 | $13,821 | $1,050,792 | $315,230 | $735,562 |
| 2020 | $11,823 | $929,802 | $278,512 | $651,290 |
| 2019 | $11,508 | $902,720 | $270,400 | $632,320 |
| 2018 | $11,079 | $868,000 | $260,000 | $608,000 |
| 2017 | $9,238 | $717,000 | $215,000 | $502,000 |
| 2016 | $8,733 | $684,000 | $205,000 | $479,000 |
| 2015 | $8,516 | $684,000 | $205,000 | $479,000 |
| 2014 | $8,111 | $645,000 | $193,000 | $452,000 |
Source: Public Records
Agents Affiliated with this Home
-
Gil Rose
-
Lee Sheppard
L
Buyer's Agent in 2023
Lee Sheppard
Sheppard & Co
(619) 726-7544
1 in this area
7 Total Sales
Map
Similar Homes in Palm Springs, CA
Source: The MLS
MLS Number: 23-326317
APN: 507-151-004
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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