NOT LISTED FOR SALE

Estimated Value: $378,000 - $657,000

6 Beds
4 Baths
2,336 Sq Ft
$240/Sq Ft Est. Value

Last Sold May 08, 2014

Last sale price $280,000 $120 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $3,503/month

20 Days on Market

Highlights

  • Mountain View
  • Entrance Foyer
  • 1-Story Property
  • Private Yard
  • Energy-Efficient Appliances
  • Landscaped

About This Home

As of May 2014

Two 3Bdr 2 bath completely remodeled units with open concept kitchens and large living rooms. Each unit has their own separate laundry hookups for washer and either gas or electric dryers. There is 2-1 car garages and 1-2 car garage all with brand new garage doors and openers. There is a beautiful rod iron gated entry, and lot is completely surrounded by a deco block wall for privacy and safety for children to play. This is definitely one of the nicest duplexes in Cathedral City with fantastic curb appeal and the front faces the beautiful mountains to the west. Each unit has their own back yard complete with grass lawn and separated by a new privacy fence. Lots of landscaping back and front. Unit A is leased for $1,000.00 a month expires 12/15/2014, and Unit B is rented for $1,100.00 a month expires 03/15/2015. Tenant in Unit B currently receives $100.00 a month rental credit to maintain both back yards and common area landscaping. This is a great investment with an 8.8% cap rate.

Last Agent to Sell the Property

Rick Turner

Coldwell Banker Realty License #01952320 Listed on: 04/11/2014

Last Buyer's Agent

Shelley Hanks

Access Coastal Realty License #01426415

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,725

Year Built

  • Built in 1987

Lot Details

  • 8,276 Sq Ft Lot
  • West Facing Home
  • Fenced
  • Landscaped
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 4 Car Garage

Home Design

  • Slab Foundation
  • Tile Roof
  • Stucco Exterior

Interior Spaces

  • 2,336 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Mountain Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Eco-Friendly Details

  • Green Features
  • Energy-Efficient Appliances

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Gas Water Heater
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for cable TV, water, gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 680381008

Community Details

Overview

  • 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

$5,725

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Orientation Faces: Front Door Faces West
  • Levels: One
  • Price Per Unit: 142500.00
  • Entry Location: Foyer
  • List Price per Sq Ft: 122.00
  • Lp Sp Ratio: 0.9825
  • View Type: Mountain(s)
  • Year Built: 1987
  • Internal Listing I D: 20190608184625724203000000
  • Listing I D: 214014381
  • Listing Office Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Office Fax: (760) 776-1666
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 6156 Laguna Court, Long Beach, CA 90803
  • Land Type: Fee
  • 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: 2336.00

Exterior Features

  • Construction: Stucco
  • Roofing: Tile
  • Foundation: Slab
  • View: Yes

Garage/Parking

  • Parking Info Total Garage Spaces: 4.00
  • Parking Info Total Parking Spaces: 4.00

Utilities

  • TV Svcs: TV Satellite Dish
  • Number Electric Meters: 2
  • Number Water Meters: 1
  • Cooling Type: Central Air
  • Heating: Heat Pump
  • Heating Fuel: Natural Gas
  • Water: Water District
  • Water Heater Feature: Gas
  • Number Gas Meter: 2
  • Water Heater: Yes

Lot Info

  • Assessor Parcel Number: 680381008
  • Lot Description: Back Yard, Yard, Lawn, Landscaped, Front Yard, Fenced
  • Lot Size: 8276.00

Green Features

  • Green Energy Efficient: Appliances
  • Green Features: Yes
  • Green Location: Transportation

Rental Info

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

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Palm Springs Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2014
Closed on
Apr 16, 2014
Sold by
Turner Maria Ruth and Silva Maria Ruth
Bought by
Sandoval Dale and Tauler Sandoval Elsie
Seller's Agent
Rick Turner
Coldwell Banker Realty
Buyer's Agent
Shelley Hanks
Access Coastal Realty
List Price
$285,000
Sold Price
$280,000
Premium/Discount to List
-$5,000
-1.75%
Current Estimated Value
$559,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,630
Avg. Annual Appreciation
6.23%
Original Mortgage
$210,000
Outstanding Balance
$160,627
Interest Rate
4.35%
Mortgage Type
Commercial
Estimated Equity
$395,335

Purchase Details

Closed on
Sep 30, 2010
Sold by
Antimo Maximino
Bought by
Silva Maria Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,780
Interest Rate
4.28%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 1, 2010
Sold by
Gmac Mortgage Llc
Bought by
Silva Maria Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,780
Interest Rate
4.28%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 2010
Sold by
Carias Miladys
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Apr 12, 2006
Sold by
Carias Manfredo
Bought by
Carias Miladys

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 5, 2002
Sold by
Grv Development Co
Bought by
Carias Manfredo and Carias Miladys

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,422
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 19, 1994
Sold by
Reid Gene G and Reid Rosanne F
Bought by
Reid Gene G

Purchase Details

Closed on
Jan 1, 1989
Sold by
Reid Gene G and Reid Vincent R
Bought by
G R V Development Company
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
Sandoval Dale $280,000 Fatcola
Turner Maria Ruth -- Fatcola
Silva Maria Ruth -- None Available
Silva Maria Ruth $167,000 Lsi Title Agency
Gmac Mortgage Llc $161,500 None Available
Carias Miladys -- Financial Title Company La
Carias Manfredo $185,000 Commonwealth Land Title Co
Reid Gene G -- Continental Lawyers Title Co
G R V Development Company -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandoval Dale $210,000
Previous Owner Silva Maria Ruth $164,780
Previous Owner Carias Miladys $392,000
Previous Owner Carias Manfredo $316,000
Previous Owner Carias Manfredo $229,520
Previous Owner Carias Manfredo $182,422
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2014 05/08/14 Sold $280,000 -1.8% $120 / Sq Ft
05/01/2014 05/01/14 Pending -- -- --
04/11/2014 04/11/14 For Sale $285,000 -- $122 / 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 $5,725 $343,227 $85,802 $257,425
2023 $5,725 $329,901 $82,471 $247,430
2022 $5,473 $323,433 $80,854 $242,579
2021 $5,413 $317,092 $79,269 $237,823
2020 $5,013 $313,842 $78,457 $235,385
2019 $4,906 $307,689 $76,919 $230,770
2018 $4,786 $301,657 $75,412 $226,245
2017 $4,702 $295,743 $73,934 $221,809
2016 $4,574 $289,945 $72,485 $217,460
2015 $4,424 $285,593 $71,398 $214,195
2014 $3,096 $174,533 $43,632 $130,901
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 214014381

California Desert Association of REALTORS®

APN: 680-381-008