NOT LISTED FOR SALE

11022 Covington Dr Morongo Valley, CA 92256

Estimated Value: $351,000 - $648,000

10 Beds
6 Baths
3,564 Sq Ft
$151/Sq Ft Est. Value

Sale Details

Date Sold: November 26, 2013

Last sale price $252,000 $71 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $3,185 / mo

63 Days on Market

Highlights

  • Views
  • Central Heating and Cooling System
  • 4-minute walk to Covington Park
  • 1-Story Property

About This Home

As of November 2013

Excellent cash-flow investment opportunity in Morongo Valley. Four unit, all seperetly metered for water, gas and electric. (2) Three bedroom, two bath units, renting for $850 per month, (2) Two bedroom, one bath units, renting for $750.00 per month. All units leased except one unit three bedroom two bath.

Last Agent to Sell the Property

Paul Evans

El Paseo Realty Group License #00903778 Listed on: 09/19/2013

Co-Listed By

Caitlin Young

El Paseo Realty Group License #01705796

Last Buyer's Agent

Tito Muela

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 17,000 Sq Ft Lot

Home Design

  • Slab Foundation

Interior Spaces

  • 3,564 Sq Ft Home
  • 1-Story Property
  • Property Views

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Heater
  • Septic Tank

Listing and Financial Details

  • Tenant pays for cable TV, electricity, water, gas
  • Assessor Parcel Number 058326114

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $3,200
  • Net Operating Income $200

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0.39 Acres

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Price Per Unit: 69750.00
  • Builders Tract Code: NA-DC510
  • List Price per Sq Ft: 78.28
  • Lp Sp Ratio: 0.9032
  • Water District Name: Desert Water
  • Year Built: 1988
  • Co Listing Office Address: 74-140 El Paseo Suite 2, Palm Desert, CA 92260
  • Co Listing Office Fax: (760) 779-8084
  • Internal Listing I D: 20190608183844883475000000
  • Listing I D: 21481716
  • Listing Office Address: 74-140 El Paseo Suite 2, Palm Desert, CA 92260
  • Listing Office Fax: (760) 779-8084
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 9476 Santa Cruz Road, Desert Hot Springs, CA 92240
  • Selling Office Address: 9476 Santa Cruz Road, Desert Hot Springs, CA 92240
  • Selling Office Fax: (760) 288-2702
  • Subdivision: Not Applicable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 10
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Laundry Equipment: Lease
  • Estimated Sq Ft: 3564.00

Exterior Features

  • Foundation: Slab
  • View: Yes

Utilities

  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Fuel: Natural Gas
  • Sewer: Septic Tank
  • Water Heater: Yes

Lot Info

  • Assessor Parcel Number: 058326114
  • Lot Size: 17000.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Water, Gas

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2013
Closed on
Nov 21, 2013
Sold by
Ishii Janice
Bought by
Ishii Michael
Seller's Agent
Paul Evans
El Paseo Realty Group
Buyer's Agent
Tito Muela
List Price
$279,000
Sold Price
$252,000
Premium/Discount to List
-$27,000
-9.68%
Current Estimated Value
$539,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,091
Avg. Annual Appreciation
6.33%

Purchase Details

Listed on
Sep 19, 2013
Closed on
Oct 17, 2013
Sold by
Ishii Michael
Bought by
Danon Keith Stuart
Seller's Agent
Paul Evans
El Paseo Realty Group
Buyer's Agent
Tito Muela
List Price
$279,000
Sold Price
$252,000
Premium/Discount to List
-$27,000
-9.68%

Purchase Details

Closed on
Aug 12, 2011
Sold by
The Bank Of New York Mellon
Bought by
Ishii Michael and Desert Ranger Construction Inc

Purchase Details

Closed on
Jan 10, 2011
Sold by
Kennelley William Michael
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Jul 17, 2006
Sold by
Kennelley William Michael
Bought by
Kennelley William Michael and Kennelley Thelma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 1995
Sold by
Kennelley Thelma
Bought by
Kennelley William Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,950
Interest Rate
7.42%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 4, 1995
Sold by
Hud
Bought by
Kennelley William Michael and Kennelley Dwayne E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,950
Interest Rate
7.42%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 14, 1993
Sold by
Empire Of America Realty Credit Corp
Bought by
Hud
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
Ishii Michael -- Lawyers Title
Danon Keith Stuart $252,000 Lawyers Title
Ishii Michael $133,000 Landsafe Title
The Bank Of New York Mellon $173,250 None Available
Kennelley William Michael -- First American Title Ins Co
Kennelley William Michael -- United Title
Kennelley William Michael $52,000 United Title
Hud -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kennelley William Michael $328,000
Previous Owner Kennelley William Michael $90,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2013 11/26/13 Sold $252,000 -9.7% $71 / Sq Ft
11/21/2013 11/21/13 Pending -- -- --
09/19/2013 09/19/13 For Sale $279,000 -- $78 / 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 $3,918 $308,918 $26,969 $281,949
2024 $3,745 $302,861 $26,440 $276,421
2023 $3,678 $296,923 $25,922 $271,001
2022 $3,608 $291,101 $25,414 $265,687
2021 $3,572 $285,393 $24,916 $260,477
2020 $3,546 $282,467 $24,661 $257,806
2019 $3,491 $276,928 $24,177 $252,751
2018 $3,413 $271,498 $23,703 $247,795
2017 $3,382 $266,174 $23,238 $242,936
2016 $3,328 $260,955 $22,782 $238,173
2015 $3,258 $257,035 $22,440 $234,595
2014 $1,979 $136,276 $10,246 $126,030
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2013

    Paul Evans

    El Paseo Realty Group

  • C

    Seller Co-Listing Agent in 2013

    Caitlin Young

    El Paseo Realty Group

  • T

    Buyer's Agent in 2013

    Tito Muela

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 21481716

California Desert Association of REALTORS®

APN: 0583-261-14

California San Bernardino County Morongo Valley 92256

11022 Covington Dr, Morongo Valley, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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