NOT LISTED FOR SALE

Estimated Value: $931,000 - $1,342,000

8 Beds
8 Baths
4,400 Sq Ft
$260/Sq Ft Est. Value

Last Sold April 17, 2017

Last sale price $550,000 $125 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $7,075/month

147 Days on Market

Highlights

  • Property is near public transit
  • Palm Springs High School Rated A-
  • End Unit

About This Home

As of April 2017

Beautiful and spacious four 2 Bd/2/Ba units on the corner of Junipero and San Marco. Property in great shape and rents low with room for increase. Please see attached financial documents (click on attached up in the right hand side of the screen.)

Last Agent to Sell the Property

Gary Howell

Coldwell Banker Realty License #01261508 Listed on: 10/11/2016

Last Buyer's Agent

Gary Howell

Bennion Deville Homes License #01261508

Bennion Deville Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,956

Year Built

  • Built in 1981

Lot Details

  • 8,712 Sq Ft Lot
  • End Unit

Parking

  • 6 Car Parking Spaces

Interior Spaces

  • 4,400 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms

Additional Features

  • Property is near public transit
  • Property is located within a water district

Listing and Financial Details

  • Tenant pays for electricity, water, gas
  • The owner pays for gardener
  • Assessor Parcel Number 504060015

Community Details

Overview

  • 4 Units
  • Chino Canyon Subdivision

Building Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,956

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Price Per Unit: 142500.00
  • List Price per Sq Ft: 129.55
  • Lp Sp Ratio: 0.9649
  • Year Built: 1981
  • Internal Listing I D: 20190608184736992615000000
  • Listing I D: 216029962
  • Listing Office Address: 1081 N. Palm Canyon Dr., Palm Springs, CA 92262
  • Listing Office Fax: (760) 325-4578
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 1081 N. Palm Canyon Dr., Palm Springs, CA 92262
  • Selling Office Fax: (760) 325-4578
  • Street Direction: N
  • Land Type: Fee
  • Subdivision: Chino Canyon
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 8.00
  • Full Bathrooms: 4
  • Three Quarter Bathrooms: 4
  • Estimated Sq Ft: 4400.00

Garage/Parking

  • Parking Info Total Parking Spaces: 6.00

Utilities

  • Number Electric Meters: 4
  • Number Water Meters: 4
  • Sewer: Connected on Bond
  • Water: Water District
  • Number Gas Meter: 4

Condo/Co-op/Association

  • Unit Location: End Unit

Lot Info

  • Assessor Parcel Number: 504060015
  • Lot Location: Near Public Transit
  • Lot Size: 8712.00

Rental Info

  • Owner Pays: Gardener
  • Tenant Pays: Electricity, Water, Gas
  • Land Lease Type: Fee Simple

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Palm Springs Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2019
Sold by
Jump Management Company Llc
Bought by
Lynch John R and Lynch Maxine I
Total Days on Market
147
Current Estimated Value
$1,145,522

Purchase Details

Closed on
Aug 28, 2019
Sold by
Jump Management Company Llc
Bought by
Lynch Maxine

Purchase Details

Closed on
May 24, 2019
Sold by
Jump Management Company Llc
Bought by
Jump Management Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,823,000
Interest Rate
4.2%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 6, 2018
Sold by
Ascension Partners Llc
Bought by
Jump Management Co Llc

Purchase Details

Listed on
Oct 11, 2016
Closed on
Mar 7, 2017
Sold by
Deitch Richard S
Bought by
Ascension Partners Llc
Seller's Agent
Gary Howell
Coldwell Banker Realty
Buyer's Agent
Gary Howell
Bennion Deville Homes
List Price
$570,000
Sold Price
$550,000
Premium/Discount to List
-$20,000
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.96%

Purchase Details

Listed on
Apr 21, 2015
Closed on
Aug 7, 2015
Sold by
Deitch Richard Saul and Atwood Ronald Eugene
Bought by
Deitch Richard S
Seller's Agent
Peter Zarenejad
Keller Williams Realty
Buyer's Agent
Gary Howell
Bennion Deville Homes
List Price
$525,000
Sold Price
$480,000
Premium/Discount to List
-$45,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%

Purchase Details

Listed on
Apr 21, 2015
Closed on
May 26, 2015
Sold by
Rutberg Steven Robert and Rutherg Fred R
Bought by
Deitch Richard Saul and Atwood Ronald Eugene
Seller's Agent
Peter Zarenejad
Keller Williams Realty
Buyer's Agent
Gary Howell
Bennion Deville Homes
List Price
$525,000
Sold Price
$480,000
Premium/Discount to List
-$45,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,600
Interest Rate
3.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2005
Sold by
Rutberg Michael Brent
Bought by
Rutberg Michael B

Purchase Details

Closed on
Apr 12, 2005
Sold by
Rutberg Frederic Richard
Bought by
Rutberg Fred R

Purchase Details

Closed on
Apr 10, 2005
Sold by
Rutberg Frederic Richard and Rutberg Michael Brent
Bought by
Rutberg Frederic Richard and Rutberg Michael Brent

Purchase Details

Closed on
May 26, 2004
Sold by
Rutberg Frederic Richard and Rutberg Michael Brent
Bought by
Rutberg Frederic Richard and Rutberg Michael Brent

Purchase Details

Closed on
Jan 2, 2001
Sold by
Blaich Mark and Blaich Minda
Bought by
Rutberg Harry Brent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
7.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 15, 2000
Sold by
Blaich and Minhda
Bought by
Blaich Mark and Blaich Minda
Source: Public Records

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Range of Values:

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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
Lynch John R -- Chicago Title Company
Lynch Maxine $840,000 Chicago Title Company
Jump Management Company Llc -- Orange Coast Title Company
Jump Management Co Llc $500,000 Wfg National Title Company
Ascension Partners Llc $550,000 Equity Title Company
Deitch Richard S -- None Available
Deitch Richard Saul $480,000 First American Title Company
Rutberg Michael B -- --
Rutberg Fred R -- --
Rutberg Frederic Richard -- --
Rutberg Frederic Richard -- --
Rutberg Harry Brent $313,000 Benefit Land Title
Blaich Mark -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jump Management Company Llc $1,823,000
Previous Owner Deitch Richard Saul $297,600
Previous Owner Rutberg Michael B $270,000
Previous Owner Rutberg Frederic Richard $311,500
Previous Owner Rutberg Harry Brent $163,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2017 04/17/17 Sold $550,000 -3.5% $125 / Sq Ft
03/07/2017 03/07/17 Pending -- -- --
10/11/2016 10/11/16 For Sale $570,000 +18.8% $130 / Sq Ft
06/19/2015 06/19/15 Sold $480,000 -8.6% $109 / Sq Ft
06/06/2015 06/06/15 Pending -- -- --
04/21/2015 04/21/15 For Sale $525,000 -- $119 / 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 $11,956 $882,988 $283,817 $599,171
2022 $12,184 $865,675 $278,252 $587,423
2021 $11,951 $848,702 $272,797 $575,905
2020 $11,444 $840,000 $270,000 $570,000
2019 $8,128 $572,220 $114,444 $457,776
2018 $7,990 $561,000 $112,200 $448,800
2017 $7,220 $497,065 $103,555 $393,510
2016 $8,714 $487,320 $101,525 $385,795
2015 $4,749 $179,270 $12,528 $166,742
2014 $4,635 $175,761 $12,284 $163,477
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 216029962

California Desert Association of REALTORS®

APN: 504-060-015