NOT LISTED FOR SALE

1603 Lorena Way Palm Springs, CA 92262

Vista Norte Neighborhood

Estimated Value: $675,083 - $838,000

4 Beds
2 Baths
1,597 Sq Ft
$485/Sq Ft Est. Value

Last Sold July 09, 2019

Last sale price $515,000 $322 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,703/month

17 Days on Market

About This Home

As of July 2019

This remodeled 4 bedroom home as been a successful short-term rental since June 2017, having generated over $106,000 to date. No term restrictions as there is no HOA. Home is being sold turn-key furnished. Solar generating panels. Single level living with pool, spa and mountain views on a private cul-de-sac. Use as an investment, 2nd home or primary desert residence.

Last Agent to Sell the Property

Gil Rose

Gil Rose, Broker License #01027089 Listed on: 05/19/2019

Last Buyer's Agent

Steve McBride

Hughes Properties Inc License #01905239

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,123

Year Built

1999

Lot Details

0

Parking

2

Listing Details

  • Active Date: 2019-05-19
  • Full Bathroom: 2
  • Building Size: 1597.0
  • Building Structure Style: Mediterranean
  • Driving Directions: From Sunrise Way, head west on Via Escuela, north on N. Paseo De Anza, east on Olga, then north on Shannon. House is at corner of Shannon and Lorena.
  • Full Street Address: 1603 LORENA WAY
  • Pool Descriptions: Heated And Filtered, Private Pool
  • Primary Object Modification Timestamp: 2019-07-09
  • Spa Descriptions: Heated
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1999

Interior Features

  • Eating Areas: Breakfast Counter / Bar
  • Appliances: Range
  • Advertising Remarks: This remodeled 4 bedroom home as been a successful short-term rental since June 2017, having generated over $106,000 to date. Home is being sold turn-key furnished. Solar generating panels. Single level living with pool, spa and mountain views on a priva
  • Total Bedrooms: 4
  • Builders Tract Code: 4990
  • Builders Tract Name: FLORA VISTA
  • Fireplace: Yes
  • Levels: One Level
  • Spa: Yes
  • Interior Amenities: Furnished
  • Fireplace Rooms: Living Room
  • Appliances: Dishwasher, Dryer, Gas Or Electric Dryer Hookup, Refrigerator, Washer
  • Floor Material: Ceramic Tile
  • Laundry: Individual Room
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 7841
  • Common Walls: Detached/No Common Walls

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Type: Garage - Two Door

Utilities

  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Type: Central Furnace

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2019
Closed on
Jul 15, 2019
Sold by
Mcbride Steve
Bought by
Mcbride Steve and Mcnamara Edward J
Seller's Agent
Gil Rose
Gil Rose, Broker
Buyer's Agent
Steve McBride
Hughes Properties Inc
List Price
$540,000
Sold Price
$515,000
Premium/Discount to List
-$25,000
-4.63%
Current Estimated Value
$775,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,021
Avg. Annual Appreciation
6.76%
Original Mortgage
$484,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 19, 2019
Closed on
Jun 12, 2019
Sold by
Beatty Robert T and Costa Dennis Andrew
Bought by
Mcbridge Steve
Seller's Agent
Gil Rose
Gil Rose, Broker
Buyer's Agent
Steve McBride
Hughes Properties Inc
List Price
$540,000
Sold Price
$515,000
Premium/Discount to List
-$25,000
-4.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2017
Sold by
Conti Daniel A
Bought by
Beatty Robert T and Costa Dennis Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,050
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2011
Sold by
Lofgren Christine L and Fix Stephanie M
Bought by
Conti Daniel A

Purchase Details

Closed on
Apr 20, 2001
Sold by
Fix George and Fix Hilda
Bought by
Fix George and Fix Hilda

Purchase Details

Closed on
Mar 3, 1999
Sold by
The Southland Group
Bought by
Fix George and Fix Hilda

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
6.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Mcbride Steve -- None Available
Mcbridge Steve $515,000 First American Title
Beatty Robert T $425,000 Lawyers Title Company
Conti Daniel A $260,000 Orange Coast Title Co
Fix George -- --
Fix George $139,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcbridge Steve $484,000
Previous Owner Beatty Robert T $398,050
Previous Owner Fix George $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2019 07/09/19 Sold $515,000 -4.6% $322 / Sq Ft
05/19/2019 05/19/19 For Sale $540,000 +28.9% $338 / Sq Ft
03/29/2017 03/29/17 Sold $419,000 -1.4% $262 / Sq Ft
10/18/2016 10/18/16 For Sale $425,000 -- $266 / 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 $7,123 $563,224 $73,819 $489,405
2023 $7,123 $541,354 $70,953 $470,401
2022 $7,257 $530,740 $69,562 $461,178
2021 $7,047 $520,335 $68,199 $452,136
2020 $6,807 $515,000 $67,500 $447,500
2019 $5,999 $442,169 $110,541 $331,628
2018 $10,352 $433,500 $108,375 $325,125
2017 $3,994 $287,006 $71,749 $215,257
2016 $3,886 $281,380 $70,343 $211,037
2015 $3,732 $277,156 $69,288 $207,868
2014 $3,680 $271,730 $67,932 $203,798
Source: Public Records

Agents Affiliated with this Home

  • Gil Rose

    Seller's Agent in 2019

    Gil Rose

    Gil Rose, Broker

    (760) 318-9191

    1 in this area

    20 Total Sales

    Gil Rose
    Section Image

  • S

    Buyer's Agent in 2019

    Steve McBride

    Hughes Properties Inc

  • John White

    Seller's Agent in 2017

    John White

    Equity Union

    (760) 898-9692

    1 in this area

    91 Total Sales

    John White
    Section Image

  • C

    Buyer's Agent in 2017

    Carol Corcoran

    Desert Lifestyle Properties

    Section Image
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Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 19-468170PS

APN: 501-182-021

California Riverside County Palm Springs 92262 Vista Norte

1603 Lorena Way, Palm Springs, CA

This home is located at 1603 Lorena Way, Palm Springs, CA 92262 since 19 May 2019 and is currently estimated at $775,021, approximately $485 per square foot. This property was built in 1999. 1603 Lorena Way is a home located in Riverside County with nearby schools including Vista Del Monte Elementary School, Raymond Cree Middle School, and Palm Springs High School.

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