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Cribline Spring Break Edition – California Spanish Tennis Estate in Palm Springs
This home has 4 bedrooms and 4 baths and is authentic early Californian Spanish architecture against a majestic backdrop of the San Jacinto Mountains.
It features a tennis court (with lights) on roughly . 7 of an acre, southern exposure, and panoramic views (no power lines).
located on secure and private grounds, the home wraps around a luxury pool and spa and has a warm interior with classic pitched wood beam ceilings and large fireplace.
The kitchen, dining room and den are all gathered in the east wing creating an easy flow for entertaining. This wing faces south providing a lot of natural light.
It’s on the market for $1,995,000. See how much this would cost in The Cribline Math analysis below.
Cribline Math analysis:
With 20 percent down on $1,995,000 of $399,000, the mortgage would be $1,596,000. At an estimated 3.75 percent interest rate fixed for 30 years, the gross payment would be about $9,000 per month. After tax deductions, the net payment would be about $6,300 per month.