NOT LISTED FOR SALE

40595 Preston Trail Palm Desert, CA 92211

Palm Desert Country Neighborhood

Estimated Value: $303,331 - $349,000

2 Beds
2 Baths
938 Sq Ft
$350/Sq Ft Est. Value

Last Sold March 31, 2015

Last sale price $190,000 $203 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,095/month

About This Home

As of March 2015

Pebble Beach Model - 2BR/2BA - 1065 sq. ft. West facing extended patio for lots of afternoon sunshine. Remodeled kitchen with newer appliances - plantation shutters throughout - When you're not outside, enjoy the huge 42" LCD TV or surf the web on your computer or handheld device using the free high-speed wireless network. Wake up to views of the13th fairway from a Queen Master suite with 32" flat-screen TV. The bright 2nd bedroom is tastefully redecorated with a full size bed. Home comes fully furnished with the option of removal. Apply today for FREE!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2018
Sold by
Chandu Lakshmana Rao and Mesala Shanti Priva
Bought by
Chandu Lakshmana Rao and Mesala Shanti Priva
Current Estimated Value
$328,333

Purchase Details

Listed on
Sep 11, 2014
Closed on
Feb 24, 2015
Sold by
Metcalf Dennis Walter and Metcalf Alice Susan
Bought by
Chandu Lakshmana Rao and Mesala Shanti Priya
Seller's Agent
Richard Enright
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$192,500
Sold Price
$190,000
Premium/Discount to List
-$2,500
-1.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%
Original Mortgage
$142,500
Outstanding Balance
$110,607
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$224,537

Purchase Details

Closed on
Aug 4, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Metcalf Dennis Walter and Metcalf Alice Susan

Purchase Details

Closed on
Jan 7, 2008
Sold by
Quin Whitney
Bought by
Deutsche Bank National Trust Co and The Certificateholders For Morgan Stanle

Purchase Details

Closed on
Oct 26, 2006
Sold by
Quin Whitney
Bought by
Quin Whitney Lee and The Whitney Lee Quin Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
9.4%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 7, 2005
Sold by
Quin Whitney
Bought by
Quin Whitney Lee and Whitney Lee Quin Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 27, 2002
Sold by
Quin Whitney Lee
Bought by
Quin Whitney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.75%

Purchase Details

Closed on
Jul 2, 2002
Sold by
Preston Trail Exchange Llc
Bought by
Meuel Charles H and Meuel Nina

Purchase Details

Closed on
Apr 10, 2002
Sold by
Prather Raymond C and Prather Ann M
Bought by
Preston Trail Exchange Llc

Purchase Details

Closed on
Mar 20, 2000
Sold by
Rodriguez Norberto and Rodriguez Joan
Bought by
Prather Raymond C and Prather Ann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
8.25%

Purchase Details

Closed on
Aug 17, 1999
Sold by
Levitt Seymour and Levitt Kathy
Bought by
Rodriguez Norberto and Rodriguez Joan
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Chandu Lakshmana Rao -- None Available
Chandu Lakshmana Rao $190,000 First American Title Company
Metcalf Dennis Walter $192,500 Landsafe Title Of Ca Inc
Deutsche Bank National Trust Co $213,300 Landsafe Title
Quin Whitney Lee -- Old Republic Title Company
Quin Whitney -- Old Republic Title Company
Quin Whitney Lee -- --
Quin Whitney -- Old Republic Title Company
Meuel Charles H $149,500 First American Title Co
Preston Trail Exchange Llc -- First American Title Co
Prather Raymond C $119,500 First American Title Co
Rodriguez Norberto $93,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chandu Lakshmana Rao $142,500
Previous Owner Quin Whitney $265,000
Previous Owner Quin Whitney $160,000
Previous Owner Quin Whitney $57,200
Previous Owner Quin Whitney $80,000
Previous Owner Prather Raymond C $93,600
Previous Owner Levitt Seymour $45,000
Closed Rodriguez Norberto $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2020 07/14/20 Rented $1,600 0.0% --
05/20/2020 05/20/20 For Rent $1,600 0.0% --
03/31/2015 03/31/15 Sold $190,000 -1.3% $203 / Sq Ft
02/10/2015 02/10/15 Pending -- -- --
09/11/2014 09/11/14 For Sale $192,500 -- $205 / Sq Ft

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 $3,194 $219,477 $65,842 $153,635
2022 $3,031 $215,174 $64,551 $150,623
2021 $2,956 $210,956 $63,286 $147,670
2020 $2,907 $208,794 $62,638 $146,156
2019 $2,857 $204,701 $61,410 $143,291
2018 $2,808 $200,688 $60,206 $140,482
2017 $2,775 $196,754 $59,026 $137,728
2016 $2,734 $192,897 $57,869 $135,028
2015 $2,607 $179,000 $54,000 $125,000
2014 $2,674 $184,000 $55,000 $129,000
Source: Public Records

Agents Affiliated with this Home

  • Damien Melle

    Seller's Agent in 2020

    Damien Melle

    MODERN REAL ESTATE SHOP

    (909) 971-4157

    6 Total Sales

    Section Image
  • Richard Enright

    Seller's Agent in 2015

    Richard Enright

    Berkshire Hathaway HomeServices California Properties

    (760) 534-1513

    3 in this area

    37 Total Sales

    Richard Enright
    Section Image
  • Dwayne Carrier

    Seller Co-Listing Agent in 2015

    Dwayne Carrier

    Berkshire Hathaway HomeServices California Properties

    (760) 409-4913

    1 in this area

    32 Total Sales

    Dwayne Carrier
    Section Image

  • N

    Buyer's Agent in 2015

    NonMember AgentDefault

    NonMember OfficeDefault

See All Agents

Map

California Riverside County Palm Desert 92211 Palm Desert Country

40595 Preston Trail, Palm Desert, CA

This home is located at 40595 Preston Trail, Palm Desert, CA 92211 and is currently estimated at $328,333, approximately $350 per square foot. 40595 Preston Trail is a home located in Riverside County with nearby schools including Ronald Reagan Elementary School, Colonel Mitchell Paige Middle School, and Palm Desert High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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