NOT LISTED FOR SALE

Estimated Value: $496,361 - $797,000

5 Beds
4.5 Baths
2,456 Sq Ft
$235/Sq Ft Est. Value

Last Sold September 28, 2020

Last sale price $355,000 $145 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,820/month

109 Days on Market

Highlights

  • Living Room
  • Studio bedroom
  • 4 Attached Carport Spaces
  • Laundry Room
  • Tile Flooring
  • Landscaped

About This Home

As of September 2020

Rare opportunity to own units. Nice duplex on large lot on Fee Simple land!. 2 2- car carports, large driveway.Nicely landscaped backyard with mature trees. Needs some updating and City is requiring the current 3 units to be turned back in to 2, pretty easy fix, Plans available. Previous owner had turned larger unit into 2 units for a total of 3, city requiring it be turned back into 2. Close to shopping and schools. Click on Documents folder to see city repair Requirements.

Last Agent to Sell the Property

Carol Appel

HomeSmart License #01805889 Listed on: 04/24/2020

HomeSmart

Last Buyer's Agent

Eduardo Alvarado

HomeSmart License #01900021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,297

Year Built

  • Built in 1980

Lot Details

  • 0.33 Acre Lot
  • Landscaped
  • Level Lot

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,456 Sq Ft Home
  • Entryway
  • Living Room
  • Dining Area

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Studio bedroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 4 Attached Carport Spaces
  • 8 Car Parking Spaces
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, water, gas
  • The owner pays for gardener, trash collection
  • Assessor Parcel Number 673171005

Community Details

Overview

  • 2 Units

Building Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,297

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Property Attached/Detached: Yes
  • Levels: Ground Level, No Unit Above
  • Entry Floor: 1
  • List Price per Sq Ft: 142.10
  • Lp Sp Ratio: 1.0200
  • Year Built: 1980
  • Internal Listing I D: 20200423165029437125000000
  • Listing I D: 219042126
  • Listing Member Address: 431 S Palm Canyon Dr, Palm Springs, CA 92262
  • Listing Member Fax: (760) 657-2612
  • Listing Office Address: 431 S Palm Canyon Dr, Palm Springs, CA 92262
  • Listing Office Fax: (760) 844-7550
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 73301 Fred Waring Dr., Palm Desert, CA 92260
  • Selling Office Address: 73301 Fred Waring Dr., Ste 101, Palm Desert, CA 92260
  • Selling Office Fax: (760) 844-7550
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Unit Information Number Of Units Leased: 1
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Total Bedrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Laundry: Laundry Area, Outside
  • Estimated Sq Ft: 2456.00

Exterior Features

  • Paved: Yes

Garage/Parking

  • Parking: Attached Carport, Driveway, Covered
  • Parking Info Total Carport Spaces: 4.00
  • Parking Info Total Covered Spaces: 4.00
  • Parking Info Total Parking Spaces: 8.00

Utilities

  • Number Electric Meters: 3
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Wall/Window Unit(s)
  • Heating: Forced Air, Wall Furnace
  • Sewer: In, Connected and Paid
  • Water Heater Feature: Water Heater Unit
  • Number Gas Meter: 1
  • Water Heater: Yes

Lot Info

  • Assessor Parcel Number: 673171005
  • Lot Description: Landscaped, Level
  • Lot Size: 14375.00

Rental Info

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

Multi Family

  • Total Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 2020
Sold by
Granillo Rosa Maria
Bought by
Perez Eduardo Alejandro Alvarado
Current Estimated Value
$577,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2004
Sold by
Granillo Elias
Bought by
Granillo Elias and Granillo Rosa Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
5.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 20, 2002
Sold by
Granillo Rosa Maria
Bought by
Granillo Elias

Purchase Details

Closed on
Sep 26, 2001
Sold by
Riutcel Carleen M and Riurcel Carleene Mae
Bought by
Granillo Elias

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,250
Interest Rate
10.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 1996
Sold by
Riutcel James A and Riutcel James A
Bought by
Riutcel Carleene Mae

Purchase Details

Closed on
Dec 13, 1995
Sold by
Riutcel Wallce J and Riutcel James A
Bought by
Riutcel Carleene Mae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.41%
Mortgage Type
Commercial

Purchase Details

Closed on
May 10, 1995
Sold by
Fisher Kenneth R and Riutcel Wallace J
Bought by
Riutcel Wallace J and Riutcel James A

Purchase Details

Closed on
Nov 18, 1994
Sold by
Fisher Kenneth R
Bought by
Wright Roger E
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
Perez Eduardo Alejandro Alvarado $355,000 Fidelity National Title Co
Granillo Elias -- --
Granillo Elias -- Fidelity National Title Ins
Granillo Elias $145,000 Fidelity National Title Ins
Riutcel Carleene Mae -- Ati Title Company
Riutcel Carleene Mae $75,500 Ati Title Company
Riutcel Wallace J $84,112 First American Title Ins Co
Wright Roger E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Eduardo Alejandro Alvarado $63,500
Previous Owner Granillo Elias $205,000
Previous Owner Granillo Elias $94,250
Previous Owner Riutcel Carleene Mae $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2020 09/28/20 Sold $355,000 +1.7% $145 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
06/20/2020 06/20/20 Price Changed $349,000 -7.9% $142 / Sq Ft
05/15/2020 05/15/20 Price Changed $379,000 -5.0% $154 / Sq Ft
04/24/2020 04/24/20 For Sale $399,000 -- $162 / 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 $9,297 $384,262 $108,242 $276,020
2023 $9,297 $369,342 $104,040 $265,302
2022 $8,867 $362,100 $102,000 $260,100
2021 $8,646 $355,000 $100,000 $255,000
2020 $6,367 $195,845 $48,952 $146,893
2019 $6,267 $192,006 $47,993 $144,013
2018 $6,162 $188,242 $47,052 $141,190
2017 $6,071 $184,552 $46,130 $138,422
2016 $5,977 $180,934 $45,226 $135,708
2015 $5,883 $178,218 $44,548 $133,670
2014 $5,766 $174,728 $43,676 $131,052
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219042126

California Desert Association of REALTORS®

APN: 673-171-005