A. Quincy Jones designed condo at the Country Club Estates

Posted on by Alex

A. Quincy Jones designed Country Club Estates Community in South Palm Springs! 820 E. La Verne Way is nothing short of spectacular. ​The home has been meticulously renovated​ with attention to every detail.

A. Quincy Jones designed Country Club Estates Community in South Palm Springs

MLS: 214003310 Listed at: $525,000

The property offers privacy, space and amazing mountain views from every angle. The Great room features a dining area, soaring ceilings, gas fireplace, and white porcelain flooring. The Exquisitely appointed kitchen has a skylight, Ceasarstone quartz counter tops, glass marble backsplash and stainless steel appliances with a breakfast bar and glossy white cabinetry.

A. Quincy Jones designed Country Club Estates Community in South Palm Springs A. Quincy Jones designed Country Club Estates Community in South Palm Springs

The bathrooms showcase Hans-Grohe faucets and Cambra quartz counter tops in the hall bath. The master suite w/skylights, boasts floating Zebra wood cabinetry and double sinks. Carpet, ceiling fans and spacious walk-in closets are in both bedrooms.

The atrium garden is the focal point of this home. This jewel is being sold furnished per inventory.

The cozy media room also features the integrated sound system. The atrium garden is the focal point of this home. This jewel is being sold furnished per inventory.

 

 

 

Home improvements that help when you resell.

Posted on by Alex

These days, it is so easy to go overboard when trying to make improvements to your home. Here are four of the most common improvements made by home owners — see how they fare on the resale of the home:

Home Improvements that Pay you back when you resell

Palm Springs Indian Lease Land and Fee Simple Land

Posted on by Alex

Palm Springs Indian Lease Land and Investor Lease Land
Palm Springs is scattered with what is called Indian Lease Land. Here is a bit of history to explain why this is:

“In 1877 as an incentive to complete a railroad to the Pacific, the U.S. government gave Southern Pacific Railroad title to the odd-numbered parcels of land for ten miles on either side of the tracks running through the Southern California desert around Palm Springs.
The even-numbered parcels of land were given to the Agua Caliente, yet federal law prohibited them from leasing or selling the land to derive income from it. In 1884, Judge John Guthrie McCallum of San Francisco arrived in Palm Springs with his family, seeking health for his tubercular son. The first permanent non-Indian settler, McCallum purchased land from Southern Pacific and built an elaborate aqueduct. His work to bring water to the Coachella Valley foreshadowed the area’s current importance as a rich agricultural region. Dr. Welwood Murray built the first hotel, The Palm Springs Hotel, in 1886.
Palm Springs continued attracting more visitors and residents. Congress passed the Mission Indian Relief Act in 1891, authorizing the Secretary of the Interior to make individual allotments from reservation lands. However, it would be another 50 years before the Indians, taking their case to the U.S. Supreme Court (Lee Arenas v. United States, 1944), would win the legal rights to have allotments approved.”
Source: http://en.wikipedia.org

THE POTENTIAL FINANCIAL BENEFITS of INDIAN LEASE-HOLD LAND versus FEE-SIMPLE LAND

The main advantage of indian lease land is that you can buy a home for up to 25-30% less than on fee simple land. Simply put, you only buy the home and not the land. Secondary advantage is at the taxation level. You are not taxed on the land, but only the price of the structure.

Here is some quick math to help you see these benefits up-front: (note: this is only an example based on this current listing. Exact figures should be reviewed by an accountant, Tax professional, and/or lender).
A house on fee-simple land is worth $400,000.00 but might only be $300,000.00 on lease land.
Taxes would be an additional ~$100.00 a mo. and the added mortgage on the land would be an additional $600.00 a month or $8,400.00 per year.
The lease for such a home, which will not expire until 2068, will cost you 3600.00 per year. The net difference for you is is $4,800.00 or $400 per month.

Is staying away from Indian Lease land really worth leaving such an amount on the table every month?
As an expert agent with Palm Springs Lease Land I can help you do some of the leg work to compare the comps and the numbers and many other factors about the lease in question.

Remember that some may tell you to stay away from lease land and others say its OK. With good guidance, proper research, you will have the information you need to make an intelligent decision and quite possible end up with a lot more house than you bargained for … or a much lower  mortgage payment.

Here is a map of the Palm Springs Indian and Fee Land map. Click on the map to download the high resolution version.

Map of Palm Springs Indian Lease Land

Palm Springs Indian Lease Land and Fee Simple land map

 

For more information on Indian Lease Land, please contact the bureau of Indian Affairs, TESA Branch in Palm Springs at (760) 416 3289

None of the above statements can be guaranteed.  Before you get into a transaction on Indian lease land, you should read and review all contracts, leases and information about the specific lease as all leases are unique. We recommend you consult with  your accountant, attorney,  and tax advisor prior to making any purchases on Lease OR Fee land.

South Palm Springs Mountain Views

Posted on by Alex

Just listed is this two Story condo/townhouse that has been warmly upgraded and updated with many designer touches.

Canyon West Estates Condo with Views

Listed at $249,000

This 1694 sq ft luxury unit has a 2 large bedrooms upstairs, each with their own bathroom and plenty of closet space. On the first level the kitchen with gas range/oven and granite counter-top and bar spills into the dining area and a step down living room that looks out to a private patio an lush grounds.There is a powder room and laundry area, as well as a one car garage. This is the perfect Palm Springs Pied-a-terre!  Complete listing

Palm Springs Luxury Condo with views Palm Springs Luxury Condo with views