NOT LISTED FOR SALE

277 E Racquet Club Rd Unit 3 Palm Springs, CA 92262

Upper West Side Neighborhood

Estimated Value: $573,000 - $950,000

4 Beds
4 Baths
2,201 Sq Ft
$337/Sq Ft Est. Value

Last Sold March 23, 2017

Last sale price $499,000 $227 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,676/month

214 Days on Market

About This Home

As of March 2017

Mid Century Ranch Style Triplex - Solid building, cheaper then a single family home. Income with existing building or development for greater profits , zoned for 6 more units. The massive over sized view lot (over a half of acre) offers many ways to earn extra income. Frontage of lot is 140ft. Lot is 2 times bigger than most sold, pending, or active 3-4 units. This is NOT a fixer but still has room for numerous opportunities. (Don't let time on the market fool you, it has fallen out of escrow three times). New Foam Roof, Polished Concrete floors, Updated Baths, New Kitchens, Copper Plumbing, Individual Hot Water Tanks, Separate Laundry Room, All walls have been smoothed coated for a modern clean look. Each Unit has its Own Electric Meter/Panel (SquareD) and Gas Meter. Large Parking Lot - Conveniently located close to Riviera Resort, Billy Reeds, and The Buzz.

Last Agent to Sell the Property

James Lewis

Lewis Capital Partners Inc. License #01164097 Listed on: 06/03/2016

Last Buyer's Agent

NonMember AgentDefault

NonMember OfficeDefault

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,593

Year Built

1964

Lot Details

0

Listing Details

  • Cross Street: RACQUET CLUB AND INDIAN CANYON
  • Active Date: 2017-01-01
  • Building Size: 2201.0
  • Driving Directions: Located in World Famous Racquet Club Estates Neighborhood
  • Full Street Address: 277 E RACQUET CLUB RD
  • Lot Location: Desert Back
  • Primary Object Modification Timestamp: 2017-03-24
  • Total Number of Units: 3
  • View Type: Desert View
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1964

Interior Features

  • Appliances: Range
  • Additions Alterations: No
  • Additional Land Available: 36600.00
  • Advertising Remarks: Mid Century Ranch Style Triplex - Solid building, cheaper then a single family home. Income from exisiting 3 units or development for greater profits, zoned for 6 more units. The massive view lot (over a half of acre) offers many ways to earn extra income
  • Alley: No
  • Assessed Improvement Value: 191339.00
  • Assessed Land Value: 45913.00
  • Total Bedrooms: 4
  • Builders Tract Code: 5140
  • Builders Tract Name: RACQUET CLUB EAST
  • Annual Expense: 3600.00
  • Gross Rent Multiplier: 12.26
  • Net Operating Income: 34200.00
  • Number Of Buildings: 1
  • Owner Pays: Water
  • Tenant Pays: Cable TV, Electricity, Gas
  • Water Heaters: Yes
  • Pool: No

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 27443
  • Roofing: Foam

Garage/Parking

  • Parking Features: Driveway - Gravel
  • Parking Spaces Total: 10

Utilities

  • Water District: DESERT WATER AGENCY
  • TV Svcs: Cable TV
  • Water Heater: Gas
  • Cooling Type: Gas
  • Heating Type: Forced Air

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Gross Operating Income: 36600.00
  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 9, 2021
Sold by
Bondi Mason
Bought by
Smith Mason
Current Estimated Value
$742,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,000
Outstanding Balance
$404,322
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$337,678

Purchase Details

Closed on
Jan 21, 2016
Sold by
Chan Man Ho and Chan Jian Hua Pan
Bought by
Lewis John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.79%
Mortgage Type
Commercial
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
Smith Mason $224,500 Old Republic Title
Lewis John $286,500 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Mason $449,000
Previous Owner Lewis John $50,000
Previous Owner Lewis John $295,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2017 03/23/17 Sold $499,000 +0.8% $227 / Sq Ft
01/03/2017 01/03/17 Pending -- -- --
01/01/2017 01/01/17 For Sale $495,000 -0.8% $225 / Sq Ft
12/31/2016 12/31/16 Off Market $499,000 -- --
09/22/2016 09/22/16 Price Changed $495,000 +10.2% $225 / Sq Ft
07/21/2016 07/21/16 Price Changed $449,000 -10.0% $204 / Sq Ft
07/11/2016 07/11/16 Price Changed $499,000 +11.1% $227 / Sq Ft
06/03/2016 06/03/16 For Sale $449,000 -- $204 / 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 $7,593 $574,083 $122,972 $451,111
2023 $7,593 $551,793 $118,198 $433,595
2022 $7,735 $540,975 $115,881 $425,094
2021 $7,594 $530,738 $107,219 $423,519
2020 $7,277 $525,297 $106,120 $419,177
2019 $7,161 $514,998 $104,040 $410,958
2018 $7,037 $504,900 $102,000 $402,900
2017 $4,402 $292,230 $51,000 $241,230
2016 $3,752 $240,868 $46,612 $194,256
2015 $3,566 $237,252 $45,913 $191,339
2014 $3,471 $232,606 $45,014 $187,592
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    James Lewis

    Lewis Capital Partners Inc.

    (760) 469-4650

    8 Total Sales

    James Lewis
    Section Image

  • N

    Buyer's Agent in 2017

    NonMember AgentDefault

    NonMember OfficeDefault

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Map

Source: The MLS

MLS Number: 16-130566PS

The MLS

APN: 501-101-028

California Riverside County Palm Springs 92262 Upper West Side

277 E Racquet Club Rd Unit 3, Palm Springs, CA

This home is located at 277 E Racquet Club Rd Unit 3, Palm Springs, CA 92262 since 03 June 2016 and is currently estimated at $742,000, approximately $337 per square foot. This property was built in 1964. 277 E Racquet Club Rd Unit 3 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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