NOT LISTED FOR SALE

2345 S Cherokee Way Unit 85 Palm Springs, CA 92264

Melody Ranch Neighborhood

Estimated Value: $325,000 - $446,000

2 Beds
2.5 Baths
1,225 Sq Ft
$828/mo HOA Fee

Last Sold October 03, 2022

Last sale price $315,000 $257 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,034/month

67 Days on Market

Highlights

  • Fitness Center
  • 24-Hour Security
  • Heated In Ground Pool
  • Palm Springs High School Rated A-
  • Unit is on the top floor
  • Two Primary Bedrooms

About This Home

As of October 2022

Now is your chance to own a great unit in one of the most unique and desirable resorts in Palm Springs, The Oasis Resort! This 2 br., 2 1/2 ba., 1 car garage, second level unit boasts a large balcony for entertaining and outdoor living over looking a lush greenbelt with a large fountain, vaulted ceiling in the livng room and bedrooms, . This home shows true pride of ownership. Some of the upgrades are: new energy efficient windows and sliders, pantry built in where a boom closet once existed, tile and laminate floors, fluorescent lights removed and canned lights installed, dimmer switches on all lights, popcorn ceiling removed and fresh paint inside and out, cabinets restord and new hardware installed, under cabinet lights, new backsplash, new baseboards through out, new stove, ceiling fans installed in all rooms, and a circulation pump installed on the water heater. The Oasis Resort lives up to it's name with a gorgeous garden setting with mature vegetation including palm trees, fruit trees, ficus, jacaranda, beautiful bougainvillea and large fountains through out the Spanish Villa style property with 8 pools, 9 spas, 5 tennis courts, bocce ball courts, pickle ball, basketball hoop and a club house with regularly scheduled activities. If you're looking for a second home to get away from the wet and cold in the winter, a new full-time residence or a vacation rental to generate some income while using it as an occasional get-away, this it! Best of all...NO RENTAL RESTRICTIONS!! Just have to abide by the Palm Springs City ordinances. The exterior was just painted this month and the roof were done over the last 5 years. HOA dues cover most everything except gas, electric and WIFI. Water, trash, sewer, landscaping, maintenance and up keep on the pools, spas, sports courts and all amenities, exterior maintenance & insurance, earthquake insurance on the structure all covered by the HOA! On top of that we have onsite property management, landscaping and maintenance. All offers MUST be CASH!

Last Agent to Sell the Property

Tony Thomas

Berkshire Hathaway HomeServices California Properties License #01058644 Listed on: 06/08/2022

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Jessica Oertel

License #01324948

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1986

Lot Details

  • West Facing Home
  • Gated Home
  • Stucco Fence
  • Sprinkler System

HOA Fees

Parking

  • 1 Car Garage
  • On-Street Parking

Property Views

  • Hills
  • Park or Greenbelt

Home Design

  • Spanish Architecture
  • Entry on the 2nd floor
  • Flat Roof Shape
  • Spanish Tile Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • 1,225 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Sliding Doors
  • Dining Area

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Double Master Bedroom
  • Mirrored Closets Doors
  • Two Primary Bathrooms
  • Powder Room

Laundry

  • Laundry closet
  • Stacked Washer and Dryer Hookup

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gas Heated Pool
  • Saltwater Pool
  • Fence Around Pool
  • Spa Fenced

Outdoor Features

  • Basketball Court
  • Living Room Balcony
  • Tile Patio or Porch
  • Outdoor Grill

Location

  • Unit is on the top floor

Utilities

  • Air Conditioning
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Hot Water Circulator
  • Gas Water Heater
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 009-612-062

Community Details

Overview

  • Association fees include cable TV, clubhouse, building and grounds, earthquake insurance, insurance, maintenance paid, security, sewer, trash, water and sewer paid
  • 198 Units
  • Maintained Community

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Banquet Facilities
  • Meeting Room
  • Community Mailbox

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Sport Court
  • Bocce Ball Court
  • Fitness Center
  • Community Pool
  • Community Spa
  • Park

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access
  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 1986

Lot Details

0

HOA Fees

$828 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Spanish
  • Levels: Top Level
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Now is your chance to own a great unit in one of the most unique and desirable resorts in Palm Springs, The Oasis Resort! This 2 br., 2 1/2 ba., 1 car garage, second level unit boasts a large balcony for entertaining and outdoor living over looking a lush greenbelt with a large fountain, vaulted ceiling in the livng room and bedrooms, . This home shows true pride of ownership. Some of the upgrades are: new energy efficient windows and sliders, pantry built in where a boom closet once existed, tile and laminate floors, fluorescent lights removed and canned lights installed, dimmer switches on all lights, popcorn ceiling removed and fresh paint inside and out, cabinets restord and new hardware installed, under cabinet lights, new backsplash, new baseboards through out, new stove, ceiling fans installed in all rooms, and a circulation pump installed on the water heater. The Oasis Resort lives up to it's name with a gorgeous garden setting with mature vegetation and large fountains through out the Spanish Villa style property with 8 pools, 9 spas, 5 tennis courts, bocce ball courts, pickle ball, basketball hoop and a club house with regularly scheduled activities. NO RENTAL RESTRICTIONS! (Must abide by Palm Springs City ordnances).
  • Complex Name: Oasis Resort
  • Entry Floor: 2
  • Entry Location: Top Level
  • Living Area: 1225
  • Lot Acreage: 0.0300
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 2
  • Year Built: 1986
  • Builders Tract Name: Oasis Resort Condos
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Cathedral-Vaulted Ceilings, Laundry - Closet Stacked, Living Room Balcony, Common Walls, Mirrored Closet Door(s)
  • Flooring: Tile, Laminate
  • Appliances: Microwave, Oven, Gas, Free Standing Gas
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: 2 Master Bedrooms
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths, Powder Room
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Nook, Dining Area
  • Kitchen Features: Granite Counters
  • Laundry: Laundry Closet Stacked
  • Total Bathrooms: 3.00
  • Equipment: Ceiling Fan, Barbeque, Garbage Disposal, Refrigerator, Dishwasher, Microwave, Stackable W/D Hookup
  • Price Per S Q F T: 265.31
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Features: Balcony, Barbecue Private, Sliding Glass Doors
  • Tennis Court: Basketball, North/South, Paddle, Sport Court
  • Tennis Court Y/N: Yes
  • Fence: Stucco Wall
  • Patio: Tile, Balcony
  • Pool Description: In Ground, Heated And Filtered, Salt/Saline, Fenced, Association Pool, Heated with Gas, Community
  • Pool: Yes
  • Roof: Flat, Foam, Spanish Tile
  • Spa: Heated with Gas, Association Spa, Community, Fenced, In Ground
  • Spa Yn: Yes
  • View: Hills, Green Belt
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Garage, Garage - 1 Car, On street
  • Total Parking: 2

Utilities

  • TV Svcs: Cable TV
  • Volt 220: In Garage
  • Water Heater: Gas, Hot Water Circulator
  • Cooling: Air Conditioning, Ceiling Fan
  • Earth Quake Ins: 1
  • Heating: Combination, Natural Gas
  • Security: 24 Hour, T.V., Community, Gated
  • Sewer: Paid
  • Water: Water District, Paid

Association/Amenities

  • Community Features: Community Mailbox
  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Banquet, Basketball Court, Bocce Ball Court, Clubhouse, Conference, Controlled Access, Exercise Room, Gated Community, Pickleball, Spa, Security, Tennis Courts, Onsite Property Management, Meeting Room, Greenbelt/Park
  • Pet Rules: Assoc Pet Rules, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA #2 Fee Frequency: Monthly
  • Association Fees Include: Cable TV, Clubhouse, Building and Grounds, Earthquake Insurance, Insurance, Maintenance Paid, Security, Sewer, Trash, Water and Sewer Paid
  • HOA Fees: 685.27
  • HOA Fees: 142.85
  • HOA: Yes

Lot Info

  • Sprinklers: Sprinkler System
  • Horses: No
  • Assessor Parcel Number: 009-612-062
  • Lot Description: Gated Community
  • Lot Size Area: 1307

Rental Info

  • Land Lease Amount Per Year: 2676.00
  • Land Lease Expiration Year: 2046
  • Land Lease Purchase Yn: No
  • Land Lease Type: Lease
  • Land Lease Expiration Date: 2046-06-30

Multi Family

  • Number Of Units: 198

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2007
Sold by
Emc Mortgage Corp
Bought by
Federal National Mortgage Association
Current Estimated Value
$374,366

Purchase Details

Closed on
Jun 28, 2007
Sold by
Tucker John D
Bought by
Emc Mortgage Corp
Source: Public Records

Range of Values:

--
Value Increase
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Percent Increase
--
Adjusted for Inflation
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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
Federal National Mortgage Association -- Commonwealth Land Title Co
Emc Mortgage Corp $227,577 Accommodation
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2022 10/03/22 Sold $315,000 -3.1% $257 / Sq Ft
08/14/2022 08/14/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $325,000 +151.9% $265 / Sq Ft
10/31/2012 10/31/12 Sold $129,000 -7.8% $105 / Sq Ft View Prior Sale
06/17/2012 06/17/12 Pending -- -- --
04/13/2012 04/13/12 For Sale $139,900 -- $114 / Sq Ft
Source: The MLS

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 $2,871 $362,059 $117,565 $244,494
2023 $2,871 $348,000 $113,000 $235,000
2022 $2,871 $203,019 $63,894 $139,125
2021 $2,817 $199,040 $62,642 $136,398
2020 $2,698 $197,000 $62,000 $135,000
2019 $2,302 $164,837 $54,945 $109,892
2018 $2,263 $161,606 $53,868 $107,738
2017 $2,233 $158,438 $52,812 $105,626
2016 $2,173 $155,332 $51,777 $103,555
2015 $2,009 $147,358 $45,461 $101,897
2014 -- $144,472 $44,571 $99,901
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-165751

The MLS

APN: 009-612-062