NOT LISTED FOR SALE

40612 Meadow Ln Palm Desert, CA 92260

Estimated Value: $680,000 - $759,076

3 Beds
2.5 Baths
1,962 Sq Ft
$365/Sq Ft Est. Value

Last Sold March 10, 2022

Last sale price $775,000 $395 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $4,673/month

12 Days on Market

Highlights

  • In Ground Pool
  • View of Trees or Woods
  • 2 Car Attached Garage
  • James Earl Carter Elementary School Rated A-
  • Great Room
  • Side by Side Parking

About This Home

As of March 2022

Charming Single-Family Home, 3BDs/2.5BAs, 1,962 SqFt on 8,276 SqFt lot, in the very desirable Central Palm Desert, btw Rancho Mirage + Indian Wells. This private + spacious home, located on a quiet cul-de-sac w/ no HOA dues, offers low maintenance front yard, an enclosed front patio w/ nice west Mtn. views, beautiful gas fireplace in the living room, bright + airy w/high ceilings + skylights, a large extremely private backyard w/ an oversized pool + spa, lush landscape w/palm trees + citrus trees. Spacious kitchen w/ gas range + quartz countertops. Main BD En-suite has direct access to the pool/spa area. 2 Guest BDs. This home was remodeled in '17 that included new flooring, baths, kitchen, quartz countertop, appliances, water softener, sprinkler system, epoxy on the. 2 car garage. Near everything: supermarkets, (Whole Foods, Bristol Farms, Ralphs, Trader Joe's, Farmers Market), Fine restaurants, Cafes, Golf courses paradise (Desert Willow, Marriot Shadow Ridge, Shadow Mountain, Desert Springs, more). Palm Desert's attractions: famous El Paseo District (Apple Store, art galleries), Museums, McCallum Theater, UC Riverside + CSU San Bernardino, College of the Desert, Civic Center Park (baseball, tennis, volleyball, basketball courts, amphitheater, dog park, skate park) + Aquatic Center, hiking + biking trails, Tennis, more. Buyer to verify w/the PD City Hall IF this home COULD allow for Short Term Rentals w/ a permit. FRESHLY PAINTED. HOME WAS INSPECTED + ITEMS WERE CORRECTED.

Last Agent to Sell the Property

Leonardo Montenegro

Keller Williams Luxury Homes License #01413476 Listed on: 02/11/2022

Keller Williams Luxury Homes

Last Buyer's Agent

Maria Molina

Coldwell Banker Residential Brokerage License #02022635

Coldwell Banker Residential Brokerage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,697

Year Built

  • Built in 1986

Lot Details

  • 8,276 Sq Ft Lot
  • Sprinkler System

Property Views

  • Woods
  • Mountain
  • Pool

Interior Spaces

  • 1,962 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 2 Car Attached Garage
  • Side by Side Parking
  • Driveway
  • Guest Parking

Pool

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

Additional Features

  • Ground Level
  • Forced Air Heating and Cooling System

Community Details

  • Monterey Meadows Subdivision

Listing and Financial Details

  • Assessor Parcel Number 622290018

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,697

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: Ground Level, No Unit Above, Ground, One
  • Building Number Of Stories: 1
  • Included In Sale: APPLIANCES
  • List Price per Sq Ft: 356.73
  • Lp Sp Ratio: 1.1100
  • View Type: Mountain(s), Trees/Woods, Pool
  • Year Built: 1986
  • Listing I D: 219073842
  • Listing Member Address: 435 N Palm Canyon Drive, Palm Springs, CA 92262
  • Listing Office Address: 435 N Palm Canyon Drive, Palm Springs, CA 92262
  • Listing Office Fax: (760) 322-9266
  • Selling Member Address: 74-990 Highway 111, Indian Wells, CA 92210
  • Selling Office Address: 74-990 Highway 111, Indian Wells, CA 92210
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Monterey Meadows
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Fireplace Features: Gas
  • Flooring: Tile
  • Total Bedrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Estimated Sq Ft: 1962.00

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: 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: Guest, Driveway, Covered, Side By Side
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Total Uncovered Assigned Spaces: 2.00

Utilities

  • Cooling Type: Air Conditioning, Central Air
  • Heating: Fireplace(s), Forced Air
  • Sewer: In, Connected and Paid

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 622290018
  • Irrigation: Sprinkler System
  • Lot Size: 8276.00

Rental Info

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

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2022
Closed on
Feb 27, 2022
Sold by
Don J Frankson And Kay M Frankson Family
Bought by
Zojo Properties Llc
Seller's Agent
Leonardo Montenegro
Keller Williams Luxury Homes
Buyer's Agent
Maria Molina
Coldwell Banker Residential Brokerage
List Price
$699,900
Sold Price
$775,000
Premium/Discount to List
$75,100
10.73%
Current Estimated Value
$715,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$59,481
Avg. Annual Appreciation
-2.18%

Purchase Details

Listed on
Sep 22, 2018
Closed on
Oct 23, 2018
Sold by
Spilde Katherine A
Bought by
Frankson Don J and Frankson Kay M
Seller's Agent
Katherine Spilde
Buyer's Agent
Leonardo Montenegro
Keller Williams Luxury Homes
List Price
$474,000
Sold Price
$445,000
Premium/Discount to List
-$29,000
-6.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.07%

Purchase Details

Listed on
Nov 14, 2016
Closed on
Jan 30, 2017
Sold by
Spilde Katherine
Bought by
The Argonauta Trust
Seller's Agent
Denise Francis
Coldwell Banker Realty
Buyer's Agent
Katherine Spilde
List Price
$369,900
Sold Price
$355,000
Premium/Discount to List
-$14,900
-4.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.54%
Original Mortgage
$284,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 14, 2016
Closed on
Jan 4, 2017
Sold by
Fannie Mae
Bought by
Spilde Katherine
Seller's Agent
Denise Francis
Coldwell Banker Realty
Buyer's Agent
Katherine Spilde
List Price
$369,900
Sold Price
$355,000
Premium/Discount to List
-$14,900
-4.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2005
Sold by
Fay Peter B and Fay Lesley B
Bought by
Lehmer Lewis E and Lehmer Jo Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2004
Sold by
Fay Peter B and Fay Lesley B
Bought by
Fay Peter B and Fay Lesley B

Purchase Details

Closed on
Nov 7, 2003
Sold by
Turnage Andrea Gene
Bought by
Fay Peter B and Fay Lesley B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,600
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 1998
Sold by
Klarin Sol and Klarin Estelle
Bought by
Turnage Andrea Gene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,600
Interest Rate
6.66%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Zojo Properties Llc $775,000 Lawyers Title
Frankson Don J $445,000 None Available
The Argonauta Trust -- Accommodation
Spilde Katherine $355,000 Stewart Title Of Ca Inc
Lehmer Lewis E $490,000 California Title Company
Fay Peter B -- --
Fay Peter B $317,000 Ticor Title Co
Turnage Andrea Gene -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spilde Katherine $284,000
Previous Owner Lehmer Lewis E $359,650
Previous Owner Fay Peter B $253,600
Previous Owner Turnage Andrea Gene $17,600
Previous Owner Turnage Andrea Gene $140,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/10/2022 03/10/22 Sold $775,000 +10.7% $395 / Sq Ft
02/23/2022 02/23/22 Pending -- -- --
02/11/2022 02/11/22 For Sale $699,900 +57.3% $357 / Sq Ft
11/07/2018 11/07/18 Sold $445,000 -6.1% $227 / Sq Ft View Prior Sale
10/17/2018 10/17/18 Pending -- -- --
09/22/2018 09/22/18 For Sale $474,000 +33.5% $242 / Sq Ft
01/25/2017 01/25/17 Sold $355,000 -4.0% $181 / Sq Ft View Prior Sale
12/30/2016 12/30/16 Pending -- -- --
11/14/2016 11/14/16 For Sale $369,900 -- $189 / Sq Ft
Source: Greater Palm Springs Multiple Listing Service

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 $10,697 $822,433 $246,731 $575,702
2023 $10,697 $790,499 $237,151 $553,348
2022 $6,408 $467,772 $78,837 $388,935
2021 $6,264 $458,601 $77,292 $381,309
2020 $6,149 $453,900 $76,500 $377,400
2019 $6,034 $445,000 $75,000 $370,000
2018 $4,941 $362,100 $108,630 $253,470
2017 $5,238 $381,480 $94,860 $286,620
2016 $5,030 $374,000 $93,000 $281,000
2015 $5,058 $370,000 $92,000 $278,000
2014 $4,937 $369,000 $92,000 $277,000
Source: Public Records

Agents Affiliated with this Home

  • Leonardo Montenegro

    Seller's Agent in 2022

    Leonardo Montenegro

    Keller Williams Luxury Homes

    (760) 464-5600

    127 Total Sales

    Leonardo Montenegro
    Section Image

  • M

    Buyer's Agent in 2022

    Maria Molina

    Coldwell Banker Residential Brokerage

    Section Image
  • Denise Francis

    Seller's Agent in 2017

    Denise Francis

    Coldwell Banker Realty

    (760) 861-9347

    124 Total Sales

    Denise Francis
    Section Image
See All Agents

Map

Source: Greater Palm Springs Multiple Listing Service

MLS Number: 219073842

Greater Palm Springs Multiple Listing Service

APN: 622-290-018

California Riverside County Palm Desert 92260

40612 Meadow Ln, Palm Desert, CA

This home is located at 40612 Meadow Ln, Palm Desert, CA 92260 since 11 February 2022 and is currently estimated at $715,519, approximately $364 per square foot. This property was built in 1986. 40612 Meadow Ln is a home located in Riverside County with nearby schools including James Earl Carter 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.

Greater Palm Springs Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes