NOT LISTED FOR SALE

Estimated Value: $514,000 - $560,000

4 Beds
4 Baths
2,016 Sq Ft
$265/Sq Ft Est. Value

Last Sold September 01, 2016

Last sale price $207,000 $103 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $3,509/month

26 Days on Market

About This Home

As of September 2016

New roofs have been ordered and will be installed prior to closing of escrow. Always rented, good location. Lowest priced units in Cathedral City.

Last Agent to Sell the Property

Jeannie Niles

Jeannie Niles Real Estate License #00594402 Listed on: 07/14/2016

Last Buyer's Agent

Latasha O'Keith

Lamarc Realty License #01726164

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,779

Year Built

  • Built in 1985

Lot Details

  • 8,276

Home Design

  • 2,016 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 1 Carport Space
  • 1 Car Parking Space

Additional Features

  • 8,276 Sq Ft Lot
  • Ground Level

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 680302037

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Rancho Ramon Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,779

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Ground
  • Price Per Unit: 109500.00
  • List Price per Sq Ft: 108.63
  • Lp Sp Ratio: 0.9452
  • Year Built: 1985
  • Internal Listing I D: 20190608184732157012000000
  • Listing I D: 216021050
  • Listing Member Address: P.O. Box 317, Palm Desert, CA 92261
  • Listing Office Address: P.O. Box 317, Palm Desert, CA 92261
  • Listing Office Fax: (760) 340-9069
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 20700 Avalon Blvd Ste 620A, Carson, CA 90746-3701
  • Land Type: Fee
  • Subdivision: Rancho Ramon
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Estimated Sq Ft: 2016.00

Garage/Parking

  • Parking Info Total Carport Spaces: 1.00
  • Parking Info Total Parking Spaces: 1.00

Utilities

  • Number Electric Meters: 2
  • Number Water Meters: 1
  • Sewer: In, Connected and Paid
  • Number Gas Meter: 2

Lot Info

  • Assessor Parcel Number: 680302037
  • Lot Size: 8276.00

Rental Info

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

Multi Family

  • Total Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2018
Sold by
Tzadok Tomer
Bought by
46517 Arabia Llc
Current Estimated Value
$522,438

Purchase Details

Closed on
Sep 22, 2017
Sold by
46517 Arabia Llc
Bought by
Tzadok Tomer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 14, 2016
Closed on
Aug 17, 2016
Sold by
Trout Charles Brian
Bought by
Lagle John Franklin
Seller's Agent
Jeannie Niles
Jeannie Niles Real Estate
Buyer's Agent
Latasha O'Keith
Lamarc Realty
List Price
$219,000
Sold Price
$207,000
Premium/Discount to List
-$12,000
-5.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.70%
Original Mortgage
$1,000,000
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 14, 2016
Closed on
Aug 10, 2016
Sold by
Lagle John Franklin
Bought by
46517 Arabia Llc
Seller's Agent
Jeannie Niles
Jeannie Niles Real Estate
Buyer's Agent
Latasha O'Keith
Lamarc Realty
List Price
$219,000
Sold Price
$207,000
Premium/Discount to List
-$12,000
-5.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 1999
Sold by
Koshay Pierre B and Koshay Kimi L
Bought by
Lagle John Franklin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,666
Interest Rate
7.89%
Mortgage Type
Seller Take Back
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
46517 Arabia Llc -- Accommodation
Tzadok Tomer -- Old Republic Title
Lagle John Franklin -- First American Title Company
46517 Arabia Llc $207,000 First American Title Company
Lagle John Franklin -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tzadok Tomer $158,000
Previous Owner 46517 Arabia Llc $1,000,000
Previous Owner Lagle John Franklin $165,000
Previous Owner Lagle John Franklin $128,000
Previous Owner Lagle John Franklin $92,500
Previous Owner Lagle John Franklin $22,666
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2016 09/01/16 Sold $207,000 -5.5% $103 / Sq Ft
08/09/2016 08/09/16 Pending -- -- --
07/14/2016 07/14/16 For Sale $219,000 -- $109 / 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
2025 $7,779 $510,000 $127,500 $382,500
2023 $7,779 $230,906 $57,724 $173,182
2022 $4,210 $226,380 $56,593 $169,787
2021 $4,041 $221,942 $55,484 $166,458
2020 $3,842 $219,668 $54,916 $164,752
2019 $3,877 $225,000 $60,000 $165,000
2018 $3,658 $211,140 $52,785 $158,355
2017 $3,591 $207,000 $51,750 $155,250
2016 $2,454 $118,777 $15,567 $103,210
2015 $2,383 $116,994 $15,334 $101,660
2014 $2,363 $114,704 $15,035 $99,669
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 216021050

California Desert Association of REALTORS®

APN: 680-302-037