NOT LISTED FOR SALE

Estimated Value: $568,000 - $943,000

8 Beds
4 Baths
3,600 Sq Ft
$194/Sq Ft Est. Value

Last Sold December 28, 2016

Last sale price $320,000 $89 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $4,199/month

140 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Level Lot
  • Wall Furnace
  • Palm Springs High School Rated A-
  • Vinyl Flooring

About This Home

As of December 2016

Newly renovated multi-family complex.

Last Agent to Sell the Property

Bill Johnson

William Johnson, Broker License #01463271 Listed on: 08/01/2016

Last Buyer's Agent

Roman Vazquez

Century 21 Masters License #01925891

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,183

Year Built

  • Built in 1962

Lot Details

  • 9,148 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Home Design

  • 3,600 Sq Ft Home
  • Property Attached

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Electric Cooktop
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 102
  • Assessor Parcel Number 669401037

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,500
  • Insurance Expense $670
  • Trash Expense $960
  • Water Sewer Expense $1,440
  • New Taxes Expense $4,300
  • Gross Income $3,400
  • Net Operating Income $31,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,183

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Other Phone Description: Owner
  • Other Phone Number: 8585040102
  • Property Attached: Yes
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 669401037
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Vinyl
  • Appliances: Yes
  • Price Per Square Foot: 88.89

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Appliances: Electric Cooktop
  • Heating Type: Wall Furnace
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 9148.00
  • Price Per Lot Square Foot: 38.15

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3400.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 670.00
  • Net Operating Income: 31160.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 9640.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4300.00
  • Tax Lot: 1
  • Tax Tract Number: 0102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2018
Sold by
Contreras Frank and Contreras Sonia
Bought by
Contreras Frank and Contreras Sonia
Current Estimated Value
$696,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,500
Outstanding Balance
$349,598
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$347,233

Purchase Details

Listed on
Aug 1, 2016
Closed on
Dec 1, 2016
Sold by
White Star Capital Llc
Bought by
Contreras Francisco and Contreras Sonia
Seller's Agent
Bill Johnson
William Johnson, Broker
Buyer's Agent
Roman Vazquez
Century 21 Masters
List Price
$339
Sold Price
$320,000
Premium/Discount to List
$319,661
94295.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.22%
Original Mortgage
$228,000
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 20, 2016
Closed on
Apr 20, 2016
Sold by
Bridget Carlean
Bought by
White Star Capital Llc
Seller's Agent
Dehaven Leniger
Marc E Grossman, Broker
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$250,999
Sold Price
$185,000
Premium/Discount to List
-$65,999
-26.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
126.56%
Original Mortgage
$250,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2008
Sold by
Murrell James E
Bought by
Murrell James and Bridget Carlean
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
Contreras Frank -- None Available
Contreras Francisco $345,000 Ticor Title
White Star Capital Llc $185,000 Ticor Title
Murrell James -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Contreras Frank $402,500
Previous Owner Contreras Francisco $228,000
Previous Owner White Star Capital Llc $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/28/2016 12/28/16 Sold $320,000 -8.3% $89 / Sq Ft
12/19/2016 12/19/16 Pending -- -- --
11/07/2016 11/07/16 Price Changed $349,000 +6.1% $97 / Sq Ft
09/30/2016 09/30/16 Price Changed $329,000 -5.7% $91 / Sq Ft
08/18/2016 08/18/16 Price Changed $349,000 -4.1% $97 / Sq Ft
08/08/2016 08/08/16 Price Changed $364,000 -1.4% $101 / Sq Ft
08/01/2016 08/01/16 Price Changed $369,000 +108749.6% $103 / Sq Ft
08/01/2016 08/01/16 For Sale $339 -99.8% $0 / Sq Ft
04/29/2016 04/29/16 Sold $185,000 -26.3% $84 / Sq Ft View Prior Sale
04/11/2016 04/11/16 Pending -- -- --
02/20/2016 02/20/16 For Sale $250,999 -- $114 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,183 $400,398 $81,238 $319,160
2023 $6,183 $384,852 $78,085 $306,767
2022 $5,878 $377,306 $76,554 $300,752
2021 $5,777 $369,908 $75,053 $294,855
2020 $5,556 $366,116 $74,284 $291,832
2019 $5,474 $358,938 $72,828 $286,110
2018 $5,387 $351,900 $71,400 $280,500
2017 $3,362 $188,700 $65,280 $123,420
2016 $2,465 $125,463 $11,448 $114,015
2015 $2,309 $123,580 $11,277 $112,303
2014 $2,200 $121,161 $11,057 $110,104
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16167526

California Regional Multiple Listing Service (CRMLS)

APN: 669-401-037