NOT LISTED FOR SALE

Estimated Value: $844,000 - $1,279,000

4 Beds
4 Baths
3,952 Sq Ft
$269/Sq Ft Est. Value

Last Sold December 31, 2021

Last sale price $1,000,000 $253 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,800/month

43 Days on Market

Highlights

  • Gunite Pool
  • Mountain View
  • Card or Code Access
  • Palm Springs High School Rated A-
  • Santa Fe Architecture
  • Laundry Room

About This Home

As of December 2021

Great investment opportunity! 1 bedroom 1 bath in each large unit. Great secure courtyard to each unit makes security a top priority. Pool is perfectly located for all tenants with great mountain views. Low maintenance. Coin operated washer & dryers for more income. These units are in a great location of Palm Springs with walking distance to Palm Canyon. in 2014 owner made upgrades including air conditioning, heating, roof, and pool re-plastering. Please do not disturb tenants! Call for more info!

Last Agent to Sell the Property

Barbara Garland Tate

Tate Real Estate License #00841530 Listed on: 11/02/2021

Last Buyer's Agent

Barbara Garland Tate

Tate Real Estate License #00841530 Listed on: 11/02/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,895

Year Built

  • Built in 1986

Lot Details

  • 10,454 Sq Ft Lot
  • Irregular Lot

Home Design

  • Santa Fe Architecture

Interior Spaces

  • 3,952 Sq Ft Home
  • 1-Story Property
  • Mountain Views
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 6 Car Parking Spaces
  • 6 Parking Garage Spaces

Pool

  • Gunite Pool
  • Outdoor Pool

Additional Features

  • Ground Level
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for air cond/heat main, electricity, water, gas, cable TV
  • Assessor Parcel Number 504073018

Community Details

Overview

  • 12 Buildings
  • 4 Units
  • Chino Canyon Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters

Security

  • Card or Code Access

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,895

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Attached/Detached: No
  • Levels: Ground, One
  • Building Style: Santa Fe
  • List Price per Sq Ft: 251.77
  • Lp Sp Ratio: 1.0100
  • View Type: Mountain(s)
  • Year Built: 1986
  • Internal Listing I D: 20211102211005254820000000
  • Listing I D: 219069805
  • Listing Member Address: 73095 Deer Grass, Barbara Tate, Palm Desert, CA 92260
  • Listing Office Address: 73095 Deer Grass, Palm Desert, CA 92260
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 73095 Deer Grass, Barbara Tate, Palm Desert, CA 92260
  • Selling Office Address: 73095 Deer Grass, Palm Desert, CA 92260
  • Street Direction: N
  • Land Type: Fee
  • Subdivision: Chino Canyon
  • Special Features: None

Interior Features

  • Number of Ranges: 4
  • Flooring: Carpet, Tile
  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Laundry: Laundry Area
  • Estimated Sq Ft: 3952.00

Exterior Features

  • Pool: Yes
  • Pool Construction: Gunite
  • Pool Description: Gunite
  • Pool Location: Private
  • View: Yes
  • Paved: Yes

Garage/Parking

  • Parking Info Total Parking Spaces: 6.00
  • Total Uncovered Assigned Spaces: 6.00

Utilities

  • Number Electric Meters: 4
  • Number Water Meters: 4
  • Cooling Type: Air Conditioning, Central Air
  • Heating: Forced Air
  • Security: Card/Code Access
  • Sewer: In, Connected and Paid
  • Number Gas Meter: 4

Lot Info

  • Assessor Parcel Number: 504073018
  • Lot Description: Irregular Lot
  • Lot Size: 10454.00

Rental Info

  • Tenant Pays: Air Cond/Heat Main, Electricity, Water, Gas, Cable TV
  • Land Lease Type: Fee Simple

Multi Family

  • Number Of Dishwashers: 4
  • Number Of Refrigerators: 4
  • Total Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2021
Closed on
Dec 14, 2021
Sold by
Lungley David Charles and David Charles Lungley Living T
Bought by
Hacker Gary and The Gary Hacker Trust
Seller's Agent
Barbara Garland Tate
Tate Real Estate
Buyer's Agent
Barbara Garland Tate
Tate Real Estate
List Price
$995,000
Sold Price
$1,000,000
Premium/Discount to List
$5,000
0.5%
Total Days on Market
43
Current Estimated Value
$1,063,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,086
Avg. Annual Appreciation
4.74%

Purchase Details

Closed on
Jun 6, 2013
Sold by
Zappala Joseph J
Bought by
Lungley David Charles

Purchase Details

Closed on
Jan 3, 2005
Sold by
Zappala Joseph John
Bought by
Zappala Joseph J

Purchase Details

Closed on
Dec 20, 2001
Sold by
Fenter Lee
Bought by
Ocarroll John Patrick and Milani David Jerome

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2000
Sold by
Futterman Walter I & Laurel G Trustees
Bought by
Fenter Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,800
Interest Rate
8.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 1998
Sold by
Futterman Walter I and Futterman Laurel G
Bought by
Futterman Walter I and Futterman Laurel G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
5.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 1997
Sold by
Futterman Walter I and Futterman Laurel G
Bought by
Futterman Walter I and Futterman Laurel G

Purchase Details

Closed on
Aug 29, 1994
Sold by
Halinski Edward R
Bought by
Halinski Lorraine J
Source: Public Records

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Range of Values:

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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
Hacker Gary $1,000,000 Lawyers Title Company
Lungley David Charles $505,000 Orange Coast Title Co
Zappala Joseph J -- --
Ocarroll John Patrick $250,000 Old Republic Title Company
Fenter Lee $208,500 Chicago Title Co
Futterman Walter I -- Orange Coast Title
Futterman Walter I -- --
Halinski Lorraine J -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ocarroll John Patrick $200,000
Previous Owner Fenter Lee $166,800
Previous Owner Futterman Walter I $134,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2021 12/31/21 Sold $1,000,000 +0.5% $253 / Sq Ft
11/02/2021 11/02/21 For Sale $995,000 -- $252 / Sq Ft
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
2023 $13,895 $1,020,000 $204,000 $816,000
2022 $14,158 $1,000,000 $200,000 $800,000
2021 $6,379 $398,170 $113,761 $284,409
2020 $6,142 $394,088 $112,595 $281,493
2019 $6,054 $386,362 $110,388 $275,974
2018 $5,960 $378,787 $108,224 $270,563
2017 $5,886 $371,360 $106,102 $265,258
2016 $5,707 $364,079 $104,022 $260,057
2015 $5,440 $358,611 $102,460 $256,151
2014 $5,285 $351,589 $100,454 $251,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219069805

California Desert Association of REALTORS®

APN: 504-073-018