NOT LISTED FOR SALE

3 Serrano Way Rancho Mirage, CA 92270

Estimated Value: $2,470,000 - $6,055,000

1.38 Acres
$3,343,082 Price per Acre
60,113 Sq Ft Lot

Last Sold September 26, 2016

Last sale price $450,000

Est. 925% increase in value since last sale

Current estimated payment $30,014/month

306 Days on Market

Highlights

  • Mountain View
  • James Earl Carter Elementary School Rated A-
  • Paved or Partially Paved Lot

About This Lot

As of September 2016

Build the estate of your dreams in the heart of Rancho Mirage at Serrano Estates! 1.38 acres in this private gated enclave of only ten lots. Fabulous south and west mountain views surround with one of the best locations in the development!

Last Agent to Sell the Property

Valery Neuman

HK Lane Real Estate License #01138184 Listed on: 11/18/2015

Co-Listed By

Patricia Gribow

HK Lane Real Estate License #01987155

Last Buyer's Agent

Diane Lohman

Bennion Deville Homes License #01844675

Bennion Deville Homes

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $54,409

Lot Details

  • 1.38 Acre Lot
  • Paved or Partially Paved Lot
  • Corners Of The Lot Have Been Marked

Property Views

  • Mountain
  • Desert

Utilities

  • Sewer in Street
  • Phone Available

Community Details

  • Property has a Home Owners Association
  • Serrano Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 685290003

Property Details

Property Type

Land

Est. Annual Taxes

$54,409

Lot Details

0

Listing Details

  • Property Type: D
  • Builders Tract Code: Serrano
  • Lp Sp Ratio: 0.8571
  • View Type: Desert, Mountain(s)
  • Co Listing Office Address: 74199 El Paseo, #101A, Palm Desert, CA 92260
  • Co Listing Office Fax: (760) 834-7575
  • Internal Listing I D: 20190608125029696522000000
  • Listing I D: 215035200
  • Listing Office Address: 78100 Main Street, Ste. 108, La Quinta, CA 92253
  • Listing Office Fax: (760) 541-4899
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 74-910 Highway 111, Indian Wells, CA 92210
  • Selling Office Address: 74-910 Highway 111, Indian Wells Main Office, Indian Wells, CA 92210
  • Selling Office Fax: (760) 773-3959
  • Land Type: Fee
  • Subdivision: Serrano
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Utilities

  • Telephone Service: In Street
  • Sewer: In Street Paid

Condo/Co-op/Association

  • HOA Information: Yes
  • HOA Fee 1: 241.00

Lot Info

  • Assessor Parcel Number: 685290003
  • Lot Acres: 1.3800
  • Lot Size: 60113.00
  • List Price per Acre: 380434.78
  • Lot Features: Corners Marked, Street Paved

Rental Info

  • Land Lease Type: Fee Simple

Tax Info

  • Tax Legal Lot Number: 3
  • Tax Legal Tract Number: 27881

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2019
Sold by
Boghosian Ghassan and Boghosian Miray Anton
Bought by
Boghosian Ghassan E and Boghosian Miray
Current Estimated Value
$4,613,453

Purchase Details

Closed on
Dec 26, 2018
Sold by
Boghosian Ghassan and Boghosian Miray Anton
Bought by
Boghosian Ghassan and Boghosian Miray Anton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,925,000
Interest Rate
4.37%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 18, 2015
Closed on
Oct 27, 2016
Sold by
Boghosian Ghassan
Bought by
Boghosian Ghassan and Boghosian Miray Anton
Seller's Agent
Valery Neuman
HK Lane Real Estate
Buyer's Agent
Diane Lohman
Bennion Deville Homes
List Price
$675,000
Sold Price
$450,000
Premium/Discount to List
-$225,000
-33.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.42%

Purchase Details

Listed on
Nov 18, 2015
Closed on
Aug 3, 2016
Sold by
Boghosian Miray Boston
Bought by
Boghosian Ghassan
Seller's Agent
Valery Neuman
HK Lane Real Estate
Buyer's Agent
Diane Lohman
Bennion Deville Homes
List Price
$675,000
Sold Price
$450,000
Premium/Discount to List
-$225,000
-33.33%

Purchase Details

Closed on
Jul 26, 2016
Sold by
Cohn Morton James and Taylor Beverly R
Bought by
Boghosian Ghassan

Purchase Details

Closed on
Jul 25, 2005
Sold by
Diaz John A and Diaz John A
Bought by
Cohn Morton James and Cohn Beverly R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2003
Sold by
Diaz John A and Diaz Michelle R
Bought by
Diaz John A and Diaz Michelle R

Purchase Details

Closed on
Dec 10, 2002
Sold by
Rancho Mirage 9 Llc
Bought by
Diaz John A and Diaz Michelle R
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
Boghosian Ghassan E -- None Available
Boghosian Ghassan -- First American Title Company
Boghosian Ghassan -- None Available
Boghosian Ghassan -- Lawyers Title
Boghosian Ghassan $450,000 Lawyers Title
Cohn Morton James $840,000 Fidelity National Title Co
Diaz John A -- --
Diaz John A $390,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boghosian Ghassan E $2,500,000
Closed Boghosian Ghassan E $3,000,000
Closed Boghosian Ghassan $2,925,000
Previous Owner Cohn Morton James $630,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2016 09/26/16 Sold $450,000 -33.3% --
11/18/2015 11/18/15 Pending -- -- --
11/18/2015 11/18/15 For Sale $675,000 -- --
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 $54,409 $4,275,981 $501,981 $3,774,000
2022 $52,865 $4,192,139 $492,139 $3,700,000
2021 $30,782 $2,351,490 $482,490 $1,869,000
2020 $13,177 $927,543 $477,543 $450,000
2019 $7,594 $468,180 $468,180 $0
2018 $7,187 $459,000 $459,000 $0
2017 $7,055 $450,000 $450,000 $0
2016 $13,344 $969,699 $969,699 $0
2015 $13,304 $955,134 $955,134 $0
2014 $13,148 $936,425 $936,425 $0
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2016

    Valery Neuman

    HK Lane Real Estate

  • P

    Seller Co-Listing Agent in 2016

    Patricia Gribow

    HK Lane Real Estate

  • D

    Buyer's Agent in 2016

    Diane Lohman

    Bennion Deville Homes

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Map

Source: California Desert Association of REALTORS®

MLS Number: 215035200

California Desert Association of REALTORS®

APN: 685-290-003

California Riverside County Rancho Mirage 92270

3 Serrano Way, Rancho Mirage, CA

This home is located at 3 Serrano Way, Rancho Mirage, CA 92270 since 18 November 2015 and is currently estimated at $4,613,453. 3 Serrano Way is a home located in Riverside County with nearby schools including James Earl Carter Elementary School, Colonel Mitchell Paige Middle School, and Palm Desert High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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