NOT LISTED FOR SALE

40937 Inverness Way Palm Desert, CA 92211

Palm Desert Country Neighborhood

Estimated Value: $353,000 - $391,000

2 Beds
2 Baths
1,177 Sq Ft
$440/mo HOA Fee

Last Sold April 09, 2019

Last sale price $200,000 $170 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $2,788/month

166 Days on Market

Highlights

  • Golf Course Community
  • Gunite Spa
  • Clubhouse
  • Palm Desert High School Rated A
  • Golf Course View
  • Tennis Courts

About This Home

As of April 2019

Fully remodeled modern 2 bed/2 bath in a fabulous location. Located on the 14th fairway are expansive views of golf course & mountains in the distance. Upgraded: New Kitchen w/custom cabinets, quartz counters & all new appliances, bamboo wood floors & modern tiles in kitchen + bath. New Baths w/custom cabinets, beautiful modern sinks & faucets and quartz countertops. Contemporary Furnishings. Offered turnkey completely furnished: Flat-screen HD tv's w/blueray players in every room, Spa quality beds, kitchen complete w/dish and cookware. Remodeled w/attention to detail: new electrical sockets, light switches, matching brushed nickel hardware throughout. Palm Desert Resort CC includes, 18 hole Redesigned Championship golf course, 20 Community pools & spas w/14 Lighted Newly Refurbished tennis courts. The Clubhouse has Formal dining, Lounge & Golf Pro Shop,tennis facility,Tennis Pro Shop & Snack Bar. Condo & location is in very high demand. One of best values in the desert!

Last Agent to Sell the Property

Alejandro Perez

I Heart Real Estate Inc License #01451501 Listed on: 09/25/2018

Last Buyer's Agent

Unknown Member

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,131

Year Built

  • Built in 1981

Lot Details

  • 2,178

HOA Fees

  • $440 Monthly HOA Fees

Interior Spaces

  • 1,177 Sq Ft Home
  • 1-Story Property
  • Gas Log Fireplace
  • Library with Fireplace
  • Tile Flooring
  • Golf Course Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Carport Spaces
  • 4 Car Parking Spaces

Pool

  • Gunite Spa
  • Gunite Pool

Listing and Financial Details

  • Assessor Parcel Number 632180024

Community Details

Overview

  • Palm Desert Resort Country Club Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Community Spa

Additional Features

  • Clubhouse
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,131

Year Built

Built in 1981

Lot Details

0

HOA Fees

$440 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Levels: Ground Level, No Unit Above
  • Builders Tract Code: Palm Desert Resort C
  • Building Number Of Stories: 1
  • List Price per Sq Ft: 174.17
  • Lp Sp Ratio: 0.9756
  • View Type: Golf Course
  • Year Built: 1981
  • Listing I D: 218026470
  • Listing Member Address: 1794 Clear Lake Ave, Milpitas, CA 95035
  • Listing Office Address: 1794 Clear Lake Ave, Milpitas, CA 95035
  • Listing Office Fax: (408) 263-8226
  • Selling Office Address: 1794 Clear Lake Ave, Milpitas, CA 95035
  • Selling Office Fax: (408) 263-8226
  • Land Type: Fee
  • Subdivision: Palm Desert Resort Country Club
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Library
  • Fireplace Features: Gas Log
  • Flooring: Tile
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Estimated Sq Ft: 1177.00

Exterior Features

  • Pool: Yes
  • Pool Construction: Gunite
  • Pool Description: Heated
  • Pool Location: Community
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: Gunite
  • Spa Hot Tub Description: Community
  • View: Yes

Garage/Parking

  • Total Carport Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: In, Connected and Paid

Association/Amenities

  • Association #1 Frequency: Monthly

Condo/Co-op/Association

  • Association Amenities: Controlled Access, Tennis Courts, Golf Course, Clubhouse
  • HOA Information: Yes
  • HOA Fee 1: 440.00
  • Total Monthly Association Fees: 440.00

Lot Info

  • Assessor Parcel Number: 632180024
  • Lot Acres: 0.0500
  • Lot Size: 2178.00

Rental Info

  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2018
Closed on
Mar 12, 2019
Sold by
Muth Vu and Nguyen Muth Huong
Bought by
Lotka Terryl
Seller's Agent
Alejandro Perez
I Heart Real Estate Inc
Buyer's Agent
Unknown Member
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%
Current Estimated Value
$374,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,583
Avg. Annual Appreciation
10.41%
Original Mortgage
$190,000
Outstanding Balance
$168,398
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$201,207

Purchase Details

Closed on
Apr 20, 2011
Sold by
Collier William D and Collier Janet K
Bought by
The Muth Family Trust
Source: Public Records

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Range of Values:

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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
Lotka Terryl $200,000 Orange Coast Ttl Co Of Socal
The Muth Family Trust $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lotka Terryl $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2019 04/09/19 Sold $200,000 -2.4% $170 / Sq Ft
03/10/2019 03/10/19 Pending -- -- --
01/02/2019 01/02/19 Price Changed $205,000 -4.7% $174 / Sq Ft
12/01/2018 12/01/18 Price Changed $215,000 -4.4% $183 / Sq Ft
09/25/2018 09/25/18 For Sale $225,000 -- $191 / 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 $3,131 $214,437 $32,165 $182,272
2022 $2,970 $210,234 $31,535 $178,699
2021 $2,897 $206,113 $30,917 $175,196
2020 $2,849 $204,000 $30,600 $173,400
2019 $2,352 $163,076 $48,231 $114,845
2018 $2,313 $159,880 $47,287 $112,593
2017 $2,290 $156,746 $46,360 $110,386
2016 $2,261 $153,673 $45,451 $108,222
2015 $2,267 $151,367 $44,769 $106,598
2014 $2,235 $148,404 $43,893 $104,511
Source: Public Records

Agents Affiliated with this Home

  • Alejandro Perez

    Seller's Agent in 2019

    Alejandro Perez

    I Heart Real Estate Inc

    (760) 641-1390

    112 Total Sales

    Section Image

  • U

    Buyer's Agent in 2019

    Unknown Member

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 218026470

California Desert Association of REALTORS®

APN: 632-180-024

California Riverside County Palm Desert 92211 Palm Desert Country

40937 Inverness Way, Palm Desert, CA

This home is located at 40937 Inverness Way, Palm Desert, CA 92211 since 25 September 2018 and is currently estimated at $374,583, approximately $318 per square foot. This property was built in 1981. 40937 Inverness Way 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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