NOT LISTED FOR SALE

Estimated Value: $493,000 - $541,000

2 Beds
2 Baths
1,275 Sq Ft
871 Sq Ft Lot

About This Home

As of April 2019

Breathtaking Palermo townhome (floorplan C) showcasing 2 bedrooms, each with en suite bathrooms PLUS a 1/2 bath downstairs! Approx. 1,275 sq. ft. of living space! Upstairs office nook, washer & dryer side-by-side included & access to 2nd floor sundeck. Expansive 1st floor living/dining room & kitchen flooded with natural light, and direct access to attached one-car garage. Includes all kitchen appliances. Private patio and landscaped backyard. Resort-style living at its finest and an entertainer's dream - Palermo is a fully landscaped, gated community with 2 community pools and spas, a state-of-the-art fitness center and posh, modern club house with pool table and catering kitchen. Tenant pays electric, gas, phone and cable. Pet to be considered upon prior approval. Additional pet deposit $300. Monthly rent is $1,855, refundable security deposit is $1,855. Application processing fee is $25 per adult applicant. Available May 1, 2019

Last Agent to Rent the Property

Michael Heath

VPM Rents, Inc. License #01716810 Listed on: 04/02/2019

Last Renter's Agent

Michael Heath

Village Property Management License #01716810

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,952

Year Built

  • 2007

Lot Details

  • 871

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,952

Year Built

2007

Lot Details

0

Rental Info

  • Land Lease Type: Fee
  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Lease Terms: 1+Year
  • Rent Includes: Association Dues, Gardener, Trash Collection, Water
  • Security Deposit: 1855
  • Tenant Pays: Cable TV, Electricity, Gas

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Single Family Or Apt: Condo/Apt
  • Levels: Two
  • Unit Location: Ground Flo
  • Builder Model Name: C
  • Builders Tract Code: 5052
  • Building Type: Condominium
  • Year Built: 2007
  • Price Per Sq Ft: 1.45
  • Unit Floor In Building: 2
  • Special Features: None

Interior Features

  • Equipment: Dishwasher, Garbage Disposal, Refrigerator
  • Flooring: Carpet, Cement
  • Appliances: Microwave
  • Bedrooms: 2
  • Full Bathroom: 2
  • Total Bathrooms: 2.00
  • Living Area: 1275

Exterior Features

  • Spa: In Ground
  • Patio: Balcony, Concrete Slab
  • Pool: Community, In Ground
  • Pool: Yes
  • Spa Yn: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Garage Details: Garage - 1 Car
  • Covered Parking: 1

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Sewer: Unknown

Condo/Co-op/Association

  • Management Company: Village Property Management
  • Mgmt Co Phone: 7603254477
  • Complex Name: Palermo Community Association
  • Amenities: Billiard Room, Clubhouse

Association/Amenities

  • Pet Rules: Call

Schools

  • School District: Palm Springs Unified

Lot Info

  • Assessor Parcel Number: 669721050
  • Lot Acreage: 0.0260
  • Lot Size Area: 1144

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2021
Sold by
Martinez Kathleen M and Martinez Robert R
Bought by
Reich James D
Current Estimated Value
$507,610

Purchase Details

Closed on
Jun 4, 2007
Sold by
Ps Venture Indian Canyon/San Rafael Llc
Bought by
Martinez Kathleen M and Martinez Robert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,800
Interest Rate
5.75%
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
Reich James D $419,000 First American Title Company
Martinez Kathleen M $384,000 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martinez Kathleen M $312,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2019 04/18/19 Rented $1,855 0.0% --
04/15/2019 04/15/19 Under Contract -- -- --
04/02/2019 04/02/19 For Rent $1,855 +5.7% --
07/27/2018 07/27/18 Rented $1,755 0.0% --
07/24/2018 07/24/18 Under Contract -- -- --
07/19/2018 07/19/18 For Rent $1,755 +4.2% --
06/25/2017 06/25/17 Rented $1,685 0.0% --
06/07/2017 06/07/17 For Rent $1,685 +8.7% --
02/26/2016 02/26/16 Rented $1,550 -1.0% --
02/11/2016 02/11/16 For Rent $1,565 +7.9% --
04/15/2014 04/15/14 Rented $1,450 0.0% --
04/10/2014 04/10/14 Under Contract -- -- --
04/01/2014 04/01/14 For Rent $1,450 -- --
Source: California Desert 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 $5,952 $444,645 $47,754 $396,891
2023 $5,952 $427,380 $45,900 $381,480
2022 $6,022 $419,000 $45,000 $374,000
2021 $5,219 $353,496 $88,374 $265,122
2020 $4,640 $321,360 $80,340 $241,020
2019 $4,522 $312,000 $78,000 $234,000
2018 $4,364 $300,000 $75,000 $225,000
2017 $4,142 $282,000 $70,000 $212,000
2016 $3,748 $254,000 $63,000 $191,000
2015 $3,659 $255,000 $64,000 $191,000
2014 $3,609 $250,000 $62,000 $188,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 19-450704

California Desert Association of REALTORS®

APN: 669-721-050