NOT LISTED FOR SALE

Estimated Value: $496,737 - $593,000

2 Beds
2 Baths
1,312 Sq Ft
$893/mo HOA Fee

Last Sold March 27, 2023

Last sale price $525,000 $400 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,268/month

29 Days on Market

Highlights

  • Lake Front
  • On Golf Course
  • In Ground Pool
  • Palm Desert High School Rated A
  • Fitness Center
  • Primary Bedroom Suite

About This Home

As of March 2023

*** Multiple Offers Received. Highest and Best due Feb 21 12:00 pm***Investor Alert! Incredible opportunity to acquire Turnkey furnished successful vacation rental with current bookings! At time of listing lowest priced single level 2 BR home on the market! Very rare Vista AD plan. Incredible south west views overlooking lake, waterfall and fountains, located on the 2nd Green of one of two 18 hole Ted Robinson designed Golf Courses within club. Panoramic Mountain Views, this one has it all! Foyer entry to open dining and living area with stacked stone fireplace and slider access to covered patio complete with built in BBQ. Great separation of Primary Suite and second bedroom and bath. Kitchen with granite counters and stainless appliances. Interior laundry room and plenty of storage. Tile flooring throughout, perfect for Desert Living. End unit and attached 2 car garage. Plenty of guest parking on street (bonus street as no homes across the street from this unit). Enjoy all the amenities Palm Valley has to offer. Over 46 pools and spas (but you will love the one steps from your home. 0ver 100,000 Sq, ft Clubhouse with Bar, 2 restaurants, day spa, fitness center and salon. Tennis, Pickle ball, golf, activities! Seller will be conducting a 1031 exchange at no cost to buyer. Hurry, this one won't last!

Last Agent to Sell the Property

Marnie Balog

Compass License #01719746 Listed on: 02/16/2023

Compass

Co-Listed By

Doug Balog

Compass License #01197951

Last Buyer's Agent

Joy Mansfield

WESTCOE REALTORS INC License #01719884

WESTCOE REALTORS INC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1989

Lot Details

  • Lake Front
  • On Golf Course
  • End Unit
  • Southwest Facing Home

HOA Fees

Property Views

  • Lake
  • Panoramic
  • Golf Course
  • Mountain
  • Pool

Home Design

  • Turnkey

Interior Spaces

  • 1,312 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Travertine

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite

Parking

  • 2 Car Attached Garage
  • Driveway
  • Guest Parking

Pool

  • In Ground Pool
  • In Ground Spa

Additional Features

  • No Interior Steps
  • Covered Patio or Porch
  • Ground Level
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 626232015

Community Details

Overview

  • Association fees include building & grounds, trash, security, clubhouse
  • 1,274 Units
  • Palm Valley Country Club Subdivision
  • On-Site Maintenance
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Pickleball Courts
  • Sport Court
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Resident Manager or Management On Site
  • 24 Hour Access
  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 1989

Lot Details

0

HOA Fees

$893 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Attached/Detached: Yes
  • Property Orientation Faces: Leisure Faces South, Leisure Faces West
  • Levels: Ground
  • Building Number Of Stories: 1
  • Disability Access: No Interior Steps
  • Included In Sale: Turnkey furnished, current booked rentals.
  • List Price per Sq Ft: 388.64
  • Lp Sp Ratio: 1.0300
  • Unit Total In Complex: 1274
  • View Type: Golf Course, Water, Pool, Panoramic, Mountain(s), Lake
  • Year Built: 1989
  • Co Listing Member Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Co Listing Office Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Listing I D: 219090968
  • Listing Member Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Listing Member Fax: (760) 275-2349
  • Listing Office Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Selling Office Address: 7191 MAGNOLIA AVE, RIVERSIDE, CA 92504
  • Land Type: Fee
  • Subdivision: Palm Valley Country Club
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Fireplace Features: Gas
  • Flooring: Travertine
  • Bedroom Features: Main Floor Bedroom, Master Suite
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Estimated Sq Ft: 1312.00

Exterior Features

  • Patio: Covered, Concrete Slab
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Community
  • Pool Location: Community
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Community
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Driveway
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Cooling Type: Central Air
  • Heating: Central
  • Security: 24 Hour Security, Gated Community
  • Sewer: In, Connected and Paid

Association/Amenities

  • Community Features: Golf Course Within Development, Pickle Ball Courts
  • Association #1 Frequency: Monthly
  • Association #2 Frequency: Monthly
  • Pet Rules: Assoc Pet Rules
  • Gated Community: Yes
  • Golf Course Within Development: Yes

Condo/Co-op/Association

  • Association Fees Include: Building & Grounds, Trash, Security, Clubhouse
  • Association Amenities: Clubhouse, Tennis Courts, Sport Court, Pet Rules, Management, Maintenance Grounds, Lake or Pond, Guest Parking, Golf Course, Fitness Center
  • HOA Information: Yes
  • HOA Fee 1: 732.00
  • HOA Fee 2: 161.00
  • Total Monthly Association Fees: 893.00
  • Unit Location: End Unit

Lot Info

  • Assessor Parcel Number: 626232015
  • Lot Location: Lake Front, Waterfront, On Golf Course
  • Lot Size: 2614.00

Rental Info

  • Furnished: Turnkey
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Yes

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Feb 23, 2023
Sold by
Cormack Adam D and Cormack Melannie E
Bought by
Lynch Thomas M and Ryan Deborah K
Seller's Agent
Marnie Balog
Compass
Buyer's Agent
Joy Mansfield
WESTCOE REALTORS INC
List Price
$509,900
Sold Price
$525,000
Premium/Discount to List
$15,100
2.96%
Views
46
Current Estimated Value
$536,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,255
Avg. Annual Appreciation
0.30%
Original Mortgage
$404,248
Outstanding Balance
$391,076
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$138,358

Purchase Details

Closed on
Jan 5, 2009
Sold by
Clevenger Jerry L and Clevenger Sherrill L
Bought by
Cormack Adam D and Cormack Melannie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,500
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 2007
Sold by
Clevenger Sherrill L
Bought by
Clevenger Jerry L and Clevenger Sherrill L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,000
Interest Rate
6.87%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 22, 2005
Sold by
Clevenger Jerry L
Bought by
Clevenger Sherrill L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 14, 2005
Sold by
Gestine Edward T and Gestine Mary Jane
Bought by
Clevenger Sherrill L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 1, 2001
Sold by
Gestine Edward T and Gestine Mary Jane
Bought by
Gestine Edward T and Gestine Mary Jane

Purchase Details

Closed on
Oct 23, 2000
Sold by
Eagle Construction Inc
Bought by
Gestine Edward T and Gestine Mary Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,068
Interest Rate
7.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 1999
Sold by
Berkey Lynelle G
Bought by
Eagle Construction Inc

Purchase Details

Closed on
Apr 20, 1999
Sold by
Berkey George
Bought by
Berkey Lynelle G

Purchase Details

Closed on
Apr 19, 1999
Sold by
Howard Lynelle G and Howard Lynelle G
Bought by
Berkey Lynelle G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lynch Thomas M $525,000 --
Cormack Adam D $262,000 Equity Title
Clevenger Jerry L -- Lsi
Clevenger Sherrill L -- Ticor Title Company Of Ca
Clevenger Sherrill L $370,000 Ticor Title Company Of Ca
Gestine Edward T -- Fidelity National Title Co
Gestine Edward T $175,500 Fidelity National Title Co
Eagle Construction Inc $141,000 Fidelity National Title Co
Berkey Lynelle G -- --
Berkey Lynelle G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lynch Thomas M $404,248
Previous Owner Cormack Adam D $196,500
Previous Owner Clevenger Jerry L $321,000
Previous Owner Clevenger Sherrill L $296,000
Previous Owner Gestine Edward T $140,068
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2023 03/27/23 Sold $525,000 +3.0% $400 / Sq Ft
03/17/2023 03/17/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $509,900 -- $389 / Sq Ft
Source: California Desert Association of REALTORS®

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 $7,002 $546,210 $163,863 $382,347
2023 $7,002 $324,271 $97,274 $226,997
2022 $4,281 $317,914 $95,367 $222,547
2021 $4,182 $311,682 $93,498 $218,184
2020 $4,108 $308,487 $92,540 $215,947
2019 $4,036 $302,439 $90,726 $211,713
2018 $3,965 $296,510 $88,950 $207,560
2017 $3,658 $270,000 $81,000 $189,000
2016 $3,514 $258,000 $77,000 $181,000
2015 $3,526 $254,000 $76,000 $178,000
2014 $3,521 $253,000 $76,000 $177,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219090968

California Desert Association of REALTORS®

APN: 626-232-015