NOT LISTED FOR SALE

4 Lago de Palmas Palm Desert, CA 92260

Estimated Value: $825,000 - $917,000

3 Beds
3 Baths
2,872 Sq Ft
$975/mo HOA Fee

Last Sold May 09, 2023

Last sale price $800,000 $279 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,362/month

48 Days on Market

Highlights

  • Lap Pool
  • Gated Community
  • Community Lake
  • James Earl Carter Elementary School Rated A-
  • Lake View
  • Atrium Room

About This Home

As of May 2023

Hidden gem, centrally located in Palm Desert. Lago De Palmas consists of 12 homes surrounding a serine lake and community pool with beautiful mountain views. Three bedroom, three bath home with additional office and storage room (the golf cart garage was converted into a storage room). The home has been tastefully remodeled over the years with new flooring, kitchen, and bathrooms. The primary bedroom opens up to the side patio with lap pool and jacuzzi, master bath has dual walk-in closets, soaking tub, dual sinks, tiled shower and separate room for the toilet. All bedrooms are ensuite, There is an additional patio overlooking the lake, community pool and mountain views out from the breakfast room. The home is being offered furnished per inventory list, outside of escrow. Direct access to Monterey Country Club through the communities own private gate. Discounted golf at Desert Willow with Resident Card.

Last Agent to Sell the Property

Beth Feist

Compass License #01720243 Listed on: 02/24/2023

Last Buyer's Agent

Neil Barker

Barker Real Estate License #00688885

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,051

Year Built

  • Built in 1985

Lot Details

  • 3,920

HOA Fees

  • $975 Monthly HOA Fees

Property Views

  • Lake
  • Mountain

Interior Spaces

  • 2,872 Sq Ft Home
  • 1-Story Property
  • Gas Log Fireplace
  • Shutters
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Atrium Room

Kitchen

  • Electric Oven
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Guest Parking

Pool

  • Lap Pool
  • In Ground Pool
  • In Ground Spa
  • Outdoor Pool

Additional Features

  • Drip System Landscaping
  • Ground Level
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 622077081

Community Details

Overview

  • Association fees include building & grounds, cable TV
  • Lago De Palmas Subdivision
  • On-Site Maintenance
  • Community Lake

Recreation

  • Community Pool
  • Community Spa

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,051

Year Built

Built in 1985

Lot Details

0

HOA Fees

$975 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Attached/Detached: Yes
  • Levels: Ground
  • Building Number Of Stories: 1
  • Entry Location: Ground Level - No Steps
  • Included In Sale: furnished per inventory list outside of escrow
  • List Price per Sq Ft: 285.52
  • Lp Sp Ratio: 0.9800
  • View Type: Lake, Mountain(s)
  • Year Built: 1985
  • Listing I D: 219091327
  • Listing Office Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Selling Member Address: 4 Terra Vista Court, Rancho Mirage, CA 92270-3271
  • Selling Office Address: 4 Terra Vista Court, Rancho Mirage, CA 92270-3271
  • Land Type: Fee
  • Subdivision: Lago De Palmas
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Range, Microwave Oven, Electric Oven, Washer, Refrigerator, Dishwasher
  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Fireplace Features: Gas Log
  • Flooring: Carpet, Tile
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Laundry: In Closet
  • Estimated Sq Ft: 2872.00
  • Windows Treatments: Shutters

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Lap, In Ground
  • Pool Location: Private, Community
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Community, Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Guest, Garage Door Opener
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

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

Association/Amenities

  • Association #1 Frequency: Monthly
  • Gated Community: Yes

Condo/Co-op/Association

  • Association Fees Include: Building & Grounds, Cable TV
  • Association Amenities: Guest Parking, Maintenance Grounds, Lake or Pond
  • HOA Information: Yes
  • HOA Fee 1: 975.00
  • Total Monthly Association Fees: 975.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 622077081
  • Irrigation: Drip System
  • Lot Description: Landscaped
  • Lot Size: 3920.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Unknown

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2023
Closed on
Mar 31, 2023
Sold by
Sommerfeld Living Trust
Bought by
Barker Neil A & Terry Barker Trust
Seller's Agent
Beth Feist
Compass
Buyer's Agent
Neil Barker
Barker Real Estate
List Price
$820,000
Sold Price
$800,000
Premium/Discount to List
-$20,000
-2.44%
Views
71
Current Estimated Value
$867,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,377
Avg. Annual Appreciation
3.33%

Purchase Details

Closed on
Oct 25, 2004
Sold by
The Sommerfeld Living Trust
Bought by
Sommerfeld Patricia A

Purchase Details

Closed on
Aug 6, 2003
Sold by
Sommerfeld Lawrence L and Sommerfeld Patricia A
Bought by
The Somerfeld Living Trust

Purchase Details

Closed on
Dec 12, 1994
Sold by
Gustavson Melinda C
Bought by
Sommerfeld Lawrence L and Sommerfeld Patricia A
Source: Public Records

Range of Values:

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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
Barker Neil A & Terry Barker Trust $776,000 Fidelity National Title
Sommerfeld Patricia A -- --
The Somerfeld Living Trust -- --
Sommerfeld Lawrence L $405,000 Orange Coast Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2023 05/09/23 Sold $800,000 -2.4% $279 / Sq Ft
04/13/2023 04/13/23 Pending -- -- --
02/24/2023 02/24/23 For Sale $820,000 -- $286 / 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 $10,051 $807,348 $201,838 $605,510
2023 $10,051 $668,204 $161,428 $506,776
2022 $8,324 $655,103 $158,263 $496,840
2021 $7,234 $567,950 $136,685 $431,265
2020 $6,545 $516,318 $124,259 $392,059
2019 $6,364 $501,280 $120,640 $380,640
2018 $6,132 $482,000 $116,000 $366,000
2017 $6,732 $532,000 $129,000 $403,000
2016 $6,697 $532,000 $129,000 $403,000
2015 $6,514 $507,000 $122,000 $385,000
2014 $6,776 $527,000 $127,000 $400,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219091327

California Desert Association of REALTORS®

APN: 622-077-081