NOT LISTED FOR SALE

3 Shakespear Ct Rancho Mirage, CA 92270

Estimated Value: $827,000 - $1,115,000

1.31 Acres
$716,811 Price per Acre
57,064 Sq Ft Lot

Last Sold August 07, 2020

Last sale price $550,000

Est. 71% increase in value since last sale

Current estimated payment $5,874/month

28 Days on Market

Highlights

  • Panoramic View
  • James Earl Carter Elementary School Rated A-
  • Gated Community

About This Lot

As of August 2020

WOW. This is an outstanding estate LOT (1.31 acres) w/stellar southern Santa Rosa mountain views in the prestigious guard gated community of The Renaissance off Clancy Lane in central Rancho Mirage! This spectacular estate parcel located on a cul-de-sac w/ 3 homes, is the last remaining parcel. Your estate could include tennis, Olympic sized pool, separate guest house, wine storage, circular drive, let your imagination soar the list could go on. Not many opportunities exist to have a large flat lot to design & build a masterpiece in an affluent area. Builder ready w/ utilities brought to the property line. This enclave has 27 homes that range from $2 million - $10 million. Minutes away from equestrian facilities, major shopping, entertainment & recreation, including - The River, El Paseo, McCallum Theatre, Eisenhower Medical, and much more. Amazing opportunity for today's savvy buyer looking to be part of a successful development of custom homes.

Last Agent to Sell the Property

Nancy B. Levine

Keller Williams Realty License #01938275 Listed on: 06/26/2020

Keller Williams Realty

Last Buyer's Agent

Nancy B. Levine

Keller Williams Realty License #01938275 Listed on: 06/26/2020

Keller Williams Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,078

Lot Details

  • 1.31 Acre Lot

Property Views

  • Panoramic
  • Mountain

Listing and Financial Details

  • Assessor Parcel Number 682250013

Community Details

Overview

  • Property has a Home Owners Association
  • The Renaissance Subdivision

Security

  • Gated Community

Recreation

  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$8,078

Lot Details

0

Listing Details

  • Property Type: D
  • Lp Sp Ratio: 0.9200
  • View Type: Mountain(s), Panoramic
  • Internal Listing I D: 20200627232216536302000000
  • Listing I D: 219045414
  • Listing Office Address: 44-530 San Pablo Ste 101, Palm Desert, CA 92260
  • Listing Office Fax: (760) 340-9254
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 44-530 San Pablo Ste 101, Palm Desert, CA 92260
  • Selling Office Fax: (760) 340-9254
  • Land Type: Fee
  • Subdivision: The Renaissance
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Utilities

  • Sewer: Unknown
  • Utilities: In Street

Association/Amenities

  • Gated Community: Yes

Condo/Co-op/Association

  • HOA Information: Yes
  • HOA Fee 1: 700.00

Lot Info

  • Assessor Parcel Number: 682250013
  • Lot Acres: 1.3100
  • Lot Size: 57064.00
  • Potential Use: Residential, Single Family

Rental Info

  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

MLS Schools

  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2024
Sold by
Marupuru Thunga Trust and Thunga Arunkumar
Bought by
Thunga Arunkumar
Current Estimated Value
$939,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,965,549
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
-$2,026,527

Purchase Details

Closed on
Jan 25, 2022
Sold by
Thunga and Soujanya
Bought by
Marupuru Thunga Trust

Purchase Details

Closed on
Aug 4, 2021
Sold by
Dudas Frank and Dudas Coleen
Bought by
Thunga Arunkumar and Marupuru Soujanya

Purchase Details

Listed on
Jun 26, 2020
Closed on
Jul 16, 2020
Sold by
Rescigno Joseph P and Rescigo Julie
Bought by
Dudas Frank and Dudas Colleen
Seller's Agent
Nancy B. Levine
Keller Williams Realty
Buyer's Agent
Nancy B. Levine
Keller Williams Realty
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.39%

Purchase Details

Closed on
Dec 28, 2004
Sold by
Rescigno Joseph P and Rescigno Julie V
Bought by
Rescigno Joseph P and Rescigno Julie

Purchase Details

Closed on
Feb 3, 2000
Sold by
Renaissance Development Llc
Bought by
Rescigno Joseph P and Rescigno Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
8.34%
Source: Public Records

Range of Values:

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Average Value
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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
Thunga Arunkumar -- None Listed On Document
Thunga Arunkumar -- None Listed On Document
Marupuru Thunga Trust -- Thunga Arunkumar B
Thunga Arunkumar $625,000 Orange Coast Title Company
Dudas Frank $550,000 Orange Coast Title Company
Rescigno Joseph P -- --
Rescigno Joseph P $240,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thunga Arunkumar $3,000,000
Previous Owner Rescigno Joseph P $188,500
Previous Owner Rescigno Joseph P $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2020 08/07/20 Sold $550,000 -8.2% --
07/24/2020 07/24/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $599,000 -- --
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
2025 $8,078 $676,520 $676,520 --
2023 $8,078 $637,500 $637,500 $0
2022 $7,762 $625,000 $625,000 $0
2021 $6,846 $550,000 $550,000 $0
2020 $4,203 $337,278 $337,278 $0
2019 $4,123 $330,665 $330,665 $0
2018 $4,045 $324,182 $324,182 $0
2017 $3,963 $317,826 $317,826 $0
2016 $3,867 $311,595 $311,595 $0
2015 $3,883 $306,915 $306,915 $0
2014 $3,818 $300,904 $300,904 $0
Source: Public Records

Agents Affiliated with this Home

  • Nancy B. Levine

    Seller's Agent in 2020

    Nancy B. Levine

    Keller Williams Realty

    (760) 219-5111

    26 Total Sales

    Nancy B. Levine
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219045414

California Desert Association of REALTORS®

APN: 682-250-013

California Riverside County Rancho Mirage 92270

3 Shakespear Ct, Rancho Mirage, CA

This home is located at 3 Shakespear Ct, Rancho Mirage, CA 92270 since 26 June 2020 and is currently estimated at $939,022. 3 Shakespear Ct 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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