NOT LISTED FOR SALE

40592 Palm Ct Palm Desert, CA 92260

Estimated Value: $607,000 - $791,865

3 Beds
2.5 Baths
2,498 Sq Ft
$280/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $689,000 $276 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,525/month

169 Days on Market

Highlights

  • Heated In Ground Pool
  • Mountain View
  • Granite Countertops
  • James Earl Carter Elementary School Rated A-
  • Great Room with Fireplace
  • Covered patio or porch

About This Home

As of June 2024

Great home in the highly sought after Hovley corridor of Palm Desert! Featuring a terrific open floor plan, this Palm Desert pool home is perfect for entertaining. Property features to include, slab granite countertops, island with breakfast bar, breakfast nook, walk in pantry, along with gas stove top. The covered back patio features wonderful pool & spa, beautiful mountain views, and more! This centrally located Palm Desert home is in very close proximity to shopping, golf, and much more! This Palm Desert home is one not to miss!

Last Listed By

Jason Novack

Coldwell Banker Realty License #01398918 Listed on: 01/04/2024

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,833

Year Built

  • Built in 2002

Lot Details

  • 7,841 Sq Ft Lot
  • Drip System Landscaping
  • Sprinkler System

Home Design

  • Tile Roof
  • Stucco Exterior

Interior Spaces

  • 2,498 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Great Room with Fireplace
  • Dining Area
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Parking

  • 2 Car Attached Garage
  • Driveway

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Outdoor Pool

Outdoor Features

  • Covered patio or porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Property is located within a water district
  • Cable TV Available

Community Details

  • Hovley Palms Subdivision

Listing and Financial Details

  • Assessor Parcel Number 215005602

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,833

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: One
  • Building Number Of Stories: 1
  • List Price per Sq Ft: 279.82
  • Lp Sp Ratio: 0.9900
  • View Type: Mountain(s)
  • Water District Name: CVWD
  • Year Built: 2002
  • Listing I D: 219104781
  • 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
  • Selling Office Address: 7835 Church Street, HIGHLAND, CA 92346
  • Land Type: Fee
  • Subdivision: Hovley Palms
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Cooktop, Gas Range, Microwave Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplace Location: Great Room
  • Fireplace Features: Gas
  • Flooring: Carpet, Ceramic Tile
  • Total Bedrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Eating Areas: Breakfast Counter/Bar, Dining Area
  • Kitchen Features: Granite Slab Counters
  • Laundry: Individual Room
  • Estimated Sq Ft: 2498.00

Exterior Features

  • Construction: Stucco
  • Roofing: Tile
  • Patio: Covered
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Heated, In Ground, Private
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Heated, Private
  • View: Yes

Garage/Parking

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

Utilities

  • TV Svcs: Cable TV
  • Volt 220: In Laundry
  • Cooling Type: Air Conditioning, Ceiling Fan(s), Zoned
  • Heating: Zoned
  • Sewer: In, Connected and Paid
  • Water: Water District

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 215005602
  • Irrigation: Drip System, Sprinkler System
  • Lot Size: 7841.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Jun 11, 2024
Sold by
Lucas Kelly Family Revocable Trust and Kelly David W
Bought by
Fields Jonathan and Fields Eliana
Seller's Agent
Jason Novack
Coldwell Banker Realty
Buyer's Agent
Outside Agent
Multi-Regional MLS
List Price
$789,000
Sold Price
$689,000
Premium/Discount to List
-$100,000
-12.67%
Total Days on Market
169
Views
65
Current Estimated Value
$698,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,466
Avg. Annual Appreciation
-6.42%

Purchase Details

Listed on
Feb 9, 2019
Closed on
Jan 30, 2019
Sold by
Kelly David W and Lucas Angela
Bought by
The Lucas Kelly Family Revocable Trust
Seller's Agent
Geri Downs
Coldwell Banker Realty
Buyer's Agent
Unknown Member
Sold Price
$2,800

Purchase Details

Closed on
Apr 21, 2015
Sold by
Shea Edward J and Desmond Claire D
Bought by
Kelly David W and Lucas Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,250
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2006
Sold by
Shea Edward J and Desmond Claire D
Bought by
Shea Edward J and Desmond Claire 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
6.69%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 11, 2004
Sold by
Burns Harry and Depue Shane
Bought by
Shea Edward H and Desmond Claire D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
5.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2002
Sold by
Depue R Michael
Bought by
Depue Shane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,400
Interest Rate
5.61%

Purchase Details

Closed on
Feb 25, 2002
Sold by
J D Desert Development Inc
Bought by
Burns Harry and Depue Shane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,400
Interest Rate
5.61%

Purchase Details

Closed on
Jan 26, 2001
Sold by
Hartel Llc
Bought by
J D Desert Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
6.97%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 18, 2000
Sold by
Norris Don B and Norris Karen R
Bought by
Hartel Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
7.82%

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
Fields Jonathan $671,000 Chicago Title
The Lucas Kelly Family Revocable Trust -- None Available
Kelly David W $479,000 Equity Title Company
Shea Edward J -- First American Title Company
Shea Edward H $460,000 New Century Title Company
Depue Shane -- --
Burns Harry $353,000 Southland Title Corporation
J D Desert Development Inc $83,000 Commonwealth Land Title Co
Hartel Llc $1,200,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fields Jonathan $524,800
Previous Owner Kelly David W $359,250
Previous Owner Shea Edward J $417,000
Previous Owner Shea Edward J $100,000
Previous Owner Shea Edward J $420,000
Previous Owner Shea Edward J $100,000
Previous Owner Shea Edward H $368,000
Previous Owner Burns Harry $25,000
Previous Owner Burns Harry $282,400
Previous Owner J D Desert Development Inc $231,000
Previous Owner Hartel Llc $990,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $689,000 -1.4% $276 / Sq Ft
06/03/2024 06/03/24 Price Changed $699,000 -4.1% $280 / Sq Ft
05/07/2024 05/07/24 Price Changed $729,000 -2.7% $292 / Sq Ft
03/04/2024 03/04/24 Price Changed $749,000 -2.6% $300 / Sq Ft
02/09/2024 02/09/24 Price Changed $769,000 -2.5% $308 / Sq Ft
01/04/2024 01/04/24 For Sale $789,000 0.0% $316 / Sq Ft
03/11/2019 03/11/19 Rented $2,800 0.0% --
03/05/2019 03/05/19 Under Contract -- -- --
02/09/2019 02/09/19 For Rent $2,800 0.0% --
06/26/2015 06/26/15 Sold $479,000 0.0% $192 / Sq Ft
06/16/2015 06/16/15 Off Market $479,000 -- --
05/21/2015 05/21/15 Pending -- -- --
04/15/2015 04/15/15 Pending -- -- --
02/19/2015 02/19/15 For Sale $489,000 -- $196 / 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
2023 $7,833 $553,322 $165,993 $387,329
2022 $7,928 $542,474 $162,739 $379,735
2021 $7,291 $531,839 $159,549 $372,290
2020 $7,115 $526,387 $157,914 $368,473
2019 $6,970 $516,067 $154,818 $361,249
2018 $6,849 $505,949 $151,784 $354,165
2017 $6,710 $496,029 $148,808 $347,221
2016 $6,553 $486,304 $145,891 $340,413
2015 $6,408 $459,000 $115,000 $344,000
2014 -- $467,000 $117,000 $350,000
Source: Public Records

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Source: California Desert Association of REALTORS®

MLS Number: 219104781

California Desert Association of REALTORS®

APN: 622-311-040