NOT LISTED FOR SALE

Estimated Value: $706,000 - $1,254,000

5 Beds
5 Baths
2,888 Sq Ft
$311/Sq Ft Est. Value

Last Sold June 06, 2014

Last sale price $340,000 $118 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $5,219/month

150 Days on Market

Highlights

  • Heated In Ground Pool
  • Midcentury Modern Architecture
  • 1-Story Property
  • Palm Springs High School Rated A-
  • Cooling System Powered By Gas
  • Landscaped

About This Home

As of June 2014

This 3-unit mid-century style property consists of two 2-bedroom/2-bath end units with one 1-bedroom/1-bath unit tucked in between. The units are attractively appointed and maintained and include poolside patios and a private community pool. This property may be purchased by itself or with the 14-unit property across the street at 3700-3755-3800 Calle De Ricardo (see MLS # 214000706). Please feel free to ask for a detailed report including income & expenses, rent roll and list of improvements.

Last Agent to Sell the Property

Doug Fischer

Coldwell Banker Realty License #01299270 Listed on: 01/06/2014

Coldwell Banker Realty

Co-Listed By

Richard Chamberlin

Coldwell Banker Realty License #01232493

Last Buyer's Agent

Dick Sacowicz

Re/Max Desert Properties License #01719083

Re/Max Desert Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,788

Year Built

  • Built in 1978

Lot Details

  • 10,019 Sq Ft Lot
  • North Facing Home
  • Landscaped
  • Level Lot

Parking

  • 6 Car Parking Spaces

Home Design

  • Midcentury Modern Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Common Roof
  • Foam Roof
  • Stucco Exterior

Interior Spaces

  • 2,888 Sq Ft Home
  • 1-Story Property
  • Vertical Blinds
  • Drapes & Rods
  • Security Lights

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Pool

  • Heated In Ground Pool
  • Gunite Pool

Location

  • Ground Level

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, water, electricity, gas
  • The owner pays for electricity, gardener, water, pool service
  • Assessor Parcel Number 680043002

Community Details

Overview

  • 3 Units
  • Demuth Park Subdivision

Recreation

  • Community Pool

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,203
  • Trash Expense $848
  • Gross Income $30,000
  • Net Operating Income $16,288

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,788

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Orientation Faces: Front Door Faces North
  • Levels: Ground Level, No Unit Above, One
  • Price Per Unit: 133000.00
  • Building Style: Mid Century
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 138.16
  • Lp Sp Ratio: 0.8521
  • Water District Name: Desert Water
  • Year Built: 1978
  • Co Listing Office Address: 1081 N. Palm Canyon Dr., Palm Springs, CA 92262
  • Co Listing Office Fax: (760) 325-4578
  • Internal Listing I D: 20190608184616044758000000
  • Listing I D: 214000691
  • Listing Member Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • 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: 333 N. Palm Canyon Dr,. #102, Palm Springs, CA 92262
  • Street Direction: E
  • Land Type: Fee
  • Subdivision: Demuth Park
  • Unit Information Number Of Units Leased: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Of Disposals: 3
  • Number of Ranges: 3
  • Total Bedrooms: 5
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Laundry Equipment: Own
  • Estimated Sq Ft: 2888.00
  • Windows Treatments: Drapes, Vertical Blinds, Mini Blinds

Exterior Features

  • Construction: Stucco
  • Roofing: Common Roof, Flat, Foam
  • Foundation: Slab
  • Pool: Yes
  • Pool Construction: Gunite, In Ground
  • Pool Description: Gas Heated, Heated
  • Pool Location: Community
  • Numberof Patios: 3

Garage/Parking

  • Parking Info Total Parking Spaces: 6.00

Utilities

  • TV Svcs: Cable TV
  • Number Electric Meters: 4
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Gas, Electric, Central Air
  • Heating: Central, Forced Air
  • Heating Fuel: Natural Gas
  • Security: Exterior Security Lights
  • Sewer: In, Connected and Paid
  • Water: In Street, Water District
  • Water Heater Feature: Gas, Water Heater Unit
  • Number Gas Meter: 3

Lot Info

  • Assessor Parcel Number: 680043002
  • Lot Description: Landscaped, Level
  • Lot Size: 10019.00

Rental Info

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

Tax Info

  • Annual Tax: 4788.00

Multi Family

  • Number Of Dishwashers: 2
  • Number Of Refrigerators: 3
  • Total Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2019
Sold by
Frydrych Michael J and Frydrych Susan D
Bought by
Frydrych Michael J
Current Estimated Value
$898,256

Purchase Details

Listed on
Jan 6, 2014
Closed on
May 15, 2014
Sold by
Topp Thomas M
Bought by
Frydrych Michael J and Frydrych Susan D
Seller's Agent
Doug Fischer
Coldwell Banker Realty
Buyer's Agent
Dick Sacowicz
Re/Max Desert Properties
List Price
$429,000
Sold Price
$340,000
Premium/Discount to List
-$89,000
-20.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%

Purchase Details

Closed on
Apr 13, 2006
Sold by
Topp Thomas M
Bought by
Topp Thomas M

Purchase Details

Closed on
Apr 13, 2005
Sold by
Topp Thomas M
Bought by
Topp Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,400
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2001
Sold by
Topp Thomas M
Bought by
Topp Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 30, 2001
Sold by
Metz Timothy and Gregg Patricia D
Bought by
Topp Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2000
Sold by
Villers Brad S and Gregg Patricia D
Bought by
Metz Timothy and Gregg Patricia D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2000
Sold by
Wyatt Russell W
Bought by
Villers Brad S and Gregg Patricia D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.26%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 21, 1998
Sold by
Neal Walsh Dennis
Bought by
Wyatt Russell W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 1996
Sold by
Butte Victor P and Butte Wendy
Bought by
Butte Victor P and Butte Wendy
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
Frydrych Michael J -- None Available
Frydrych Michael J $340,000 Equity Title Company
Topp Thomas M -- Commonwealth Land Title Co
Topp Thomas M -- Commonwealth Land Title Co
Topp Thomas M -- --
Topp Thomas M $335,000 Old Republic Title Company
Metz Timothy -- Old Republic Title Company
Villers Brad S $190,000 Chicago Title Co
Wyatt Russell W $160,000 Chicago Title Co
Butte Victor P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Topp Thomas M $246,400
Previous Owner Topp Thomas M $251,250
Previous Owner Metz Timothy $175,000
Previous Owner Villers Brad S $100,000
Previous Owner Wyatt Russell W $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2014 06/06/14 Sold $340,000 -20.7% $118 / Sq Ft
06/05/2014 06/05/14 Pending -- -- --
01/06/2014 01/06/14 For Sale $429,000 -- $149 / 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 $5,717 $416,781 $104,190 $312,591
2023 $5,717 $400,599 $100,146 $300,453
2022 $5,820 $392,745 $98,183 $294,562
2021 $5,715 $385,045 $96,258 $288,787
2020 $5,485 $381,097 $95,271 $285,826
2019 $5,400 $373,625 $93,403 $280,222
2018 $5,310 $366,300 $91,574 $274,726
2017 $5,239 $359,119 $89,779 $269,340
2016 $5,103 $352,078 $88,019 $264,059
2015 $4,866 $346,792 $86,698 $260,094
2014 $3,513 $238,207 $56,414 $181,793
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 214000691

California Desert Association of REALTORS®

APN: 680-043-002