NOT LISTED FOR SALE

Estimated Value: $400,000 - $623,000

6 Beds
4 Baths
2,395 Sq Ft
$206/Sq Ft Est. Value

Last Sold April 10, 2012

Last sale price $175,000 $73 Per Sq Ft

Est. 182% increase in value since last sale

Current estimated payment $3,026/month

21 Days on Market

Highlights

  • Outdoor Pool
  • 1-Story Property
  • Forced Air Heating and Cooling System

About This Home

As of April 2012

Bank Owned beauty in the heart of Cathedral City. This duplex is a great opportunity with minimal work needed. 2 units each with 3 bedrooms and 2 bathrooms with an approximate combined square footage of 2,395, both units are open and functional floor plans. One unit has a 2 car attached garage and the other a single car attached garage, each with their own private patio. This is an investment opportunity for good potential positive cash flow...

Last Agent to Sell the Property

Steve Enlow

Keller Williams Realty License #01368794 Listed on: 02/06/2012

Last Buyer's Agent

Steve Enlow

Keller Williams Realty License #01368794 Listed on: 02/06/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,050

Year Built

  • Built in 1986

Lot Details

  • 6,970

Home Design

  • Slab Foundation
  • Tile Roof
  • Concrete Roof

Interior Spaces

  • 2,395 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Shared Water Source
  • Water Heater

Additional Features

  • Outdoor Pool
  • 6,970 Sq Ft Lot

Community Details

  • 2 Units
  • Rancho Ramon Subdivision

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 680323008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,050

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Price Per Unit: 77450.00
  • Builders Tract Code: NA-336
  • List Price per Sq Ft: 64.68
  • Lp Sp Ratio: 1.1298
  • Water District Name: Coachella Valley Wtr Dist
  • Year Built: 1986
  • Internal Listing I D: 20190608183948122870000000
  • Listing I D: 21447337
  • Listing Office Address: 47100 Washington St. Ste 101, La Quinta, CA 92253
  • Listing Office Fax: (760) 771-3063
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 47100 Washington St. Ste 101, La Quinta, CA 92253
  • Selling Office Fax: (760) 771-3063
  • Subdivision: Rancho Ramon
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Laundry Equipment: Own
  • Estimated Sq Ft: 2395.00

Exterior Features

  • Roofing: Concrete, Tile
  • Foundation: Slab
  • Pool: Yes

Utilities

  • Cooling Type: Central Air
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Water: Mutual Water Source
  • Water Heater: Yes

Lot Info

  • Assessor Parcel Number: 680323008
  • Lot Size: 6970.00

Rental Info

  • Owner Pays: Water

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Palm Springs Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2012
Closed on
Mar 19, 2012
Sold by
Deutsche Bank National Trust Company
Bought by
Yaghoubi Seyed R
Seller's Agent
Steve Enlow
Keller Williams Realty
Buyer's Agent
Steve Enlow
Keller Williams Realty
List Price
$154,900
Sold Price
$175,000
Premium/Discount to List
$20,100
12.98%
Current Estimated Value
$493,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,333
Avg. Annual Appreciation
8.00%
Original Mortgage
$115,500
Outstanding Balance
$80,062
Interest Rate
3.91%
Mortgage Type
Commercial
Estimated Equity
$409,605

Purchase Details

Closed on
Dec 16, 2011
Sold by
Hurtado Miguel and Hurtado Luis A
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jan 21, 2011
Sold by
Hurtado Miguel and Hurtado Luis A
Bought by
Hurtado Miguel

Purchase Details

Closed on
Jan 4, 2002
Sold by
Hurtado Miguel and Hurtado Luis A
Bought by
Hurtado Miguel and Hurtado Luis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,160
Interest Rate
7.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 1998
Sold by
Federal National Mortgage Association
Bought by
Hurtado Miguel and Hurtado Luis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,941
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 25, 1997
Sold by
Vivolo Ernest R and Joyce Vivolo Mary
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 25, 1995
Sold by
Vivolo Ernest R and Vivolo Mary Joyce
Bought by
Vivolo Ernest R and Vivolo Mary Joyce
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
Yaghoubi Seyed R $165,000 Stewart Title Of California
Deutsche Bank National Trust Company $150,817 Landsafe Title
Hurtado Miguel -- None Available
Hurtado Miguel -- Placer Title Company
Hurtado Miguel $86,000 Fidelity National Title Ins
Federal National Mortgage Association $95,000 Orange Coast Title
Vivolo Ernest R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yaghoubi Seyed R $115,500
Previous Owner Hurtado Miguel $47,000
Previous Owner Hurtado Miguel $323,000
Previous Owner Hurtado Miguel $80,000
Previous Owner Hurtado Miguel $171,382
Previous Owner Hurtado Miguel $50,000
Previous Owner Hurtado Miguel $108,160
Previous Owner Hurtado Miguel $85,941
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2012 04/10/12 Sold $175,000 +13.0% $73 / Sq Ft
02/27/2012 02/27/12 Pending -- -- --
02/06/2012 02/06/12 For Sale $154,900 -- $65 / 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 $4,050 $207,232 $51,804 $155,428
2023 $4,050 $199,188 $49,794 $149,394
2022 $3,805 $195,283 $48,818 $146,465
2021 $3,644 $191,455 $47,861 $143,594
2020 $3,467 $189,493 $47,371 $142,122
2019 $3,388 $185,779 $46,443 $139,336
2018 $3,297 $182,137 $45,533 $136,604
2017 $3,235 $178,567 $44,641 $133,926
2016 $3,151 $175,066 $43,766 $131,300
2015 $3,054 $172,438 $43,109 $129,329
2014 $3,029 $169,062 $42,265 $126,797
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 21447337

California Desert Association of REALTORS®

APN: 680-323-008