NOT LISTED FOR SALE

40945 Preston Trail Unit 38-11 Palm Desert, CA 92211

Palm Desert Country Neighborhood

Estimated Value: $354,929 - $394,000

2 Beds
2 Baths
1,184 Sq Ft
$523/mo HOA Fee

Last Sold May 24, 2019

Last sale price $205,000 $173 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $2,890/month

145 Days on Market

Highlights

  • Attached Guest House
  • Heated In Ground Pool
  • Controlled Access
  • Palm Desert High School Rated A
  • Golf Course View
  • Tile Flooring

About This Home

As of May 2019

Huge Priced Reduction!! Great Desert Getaway!! Golf course location just off the 12th Green with Spectacular Mountain Views. Very popular Forest Hills floor plan which features 2 Masters with Large Closets, 2 Baths, Contemporary Furnishings, Ceiling Fans, Granite Tile Kitchen Counters, Newer AC/Furnace, Offered Turnkey Furnished per Inventory. Palm Desert Resort CC has an 18 hole Championship golf course, 20 Community Salt Water Pools with Spas & 14 Lighted Tennis Courts. The Clubhouse has Formal Dining Room, Lounge & Golf Pro Shop. Facility includes a Tennis Pro Shop. One of the Best Values in the Desert!!

Last Agent to Sell the Property

Dana Smith

Coldwell Banker Realty License #01850027 Listed on: 12/07/2018

Last Buyer's Agent

Naomi Bezaire Lewis

Kingston Realty License #01952802

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,198

Year Built

  • Built in 1983

Lot Details

  • 2,614

HOA Fees

Property Views

  • Golf Course
  • Mountain

Home Design

  • Turnkey

Interior Spaces

  • 1,184 Sq Ft Home
  • 1-Story Property

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Carport Spaces
  • 2 Car Parking Spaces

Pool

  • Heated In Ground Pool
  • In Ground Spa

Additional Homes

  • Attached Guest House

Listing and Financial Details

  • Assessor Parcel Number 632120010

Community Details

Overview

  • Association fees include cable TV, insurance, security, trash
  • 960 Units
  • Palm Desert Resort Country Club Subdivision
  • On-Site Maintenance

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pet Restriction
  • Call for details about the types of pets allowed

Security

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,198

Year Built

Built in 1983

Lot Details

0

HOA Fees

$523 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Levels: One
  • Builders Tract Code: Palm Desert Resort C
  • Included In Sale: Turnkey furnished per inventory
  • List Price per Sq Ft: 176.52
  • Lp Sp Ratio: 0.9809
  • Unit Total In Complex: 960
  • View Type: Golf Course, Mountain(s)
  • Year Built: 1983
  • Listing I D: 218034312
  • Listing Member Address: 45-000 Club Drive, Indian Wells, CA 92210
  • Listing Office Address: 45-000 Club Drive, Indian Wells, CA 92210
  • Listing Office Fax: (760) 360-1342
  • Selling Office Address: 1008 E Las Tunas Dr #A, San Gabriel, CA 91776
  • Land Type: Fee
  • Subdivision: Palm Desert Resort Country Club
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Flooring: Carpet, Tile
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Estimated Sq Ft: 1184.00

Exterior Features

  • Other Structures: Guest House Attached
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Heated
  • Pool Location: Community
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Community
  • View: Yes

Garage/Parking

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

Utilities

  • Sewer: In, Connected and Paid

Association/Amenities

  • Association #1 Frequency: Monthly
  • Association #2 Frequency: Monthly
  • Association #3 Frequency: Annually
  • Pet Rules: Assoc Pet Rules, Call

Condo/Co-op/Association

  • Association Fees Include: Cable TV, Insurance, Security, Trash
  • Association Amenities: Controlled Access, Maintenance Grounds, Pet Rules
  • HOA Information: Yes
  • HOA Fee 1: 440.00
  • HOA Fee 2: 43.22
  • HOA Fee 3: 476.15
  • Total Monthly Association Fees: 523.00

Lot Info

  • Assessor Parcel Number: 632120010
  • Lot Acres: 0.0600
  • Lot Size: 2614.00

Rental Info

  • Furnished: Turnkey
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2021
Sold by
Equity Trust Company
Bought by
Madison Trust Company
Current Estimated Value
$376,982

Purchase Details

Listed on
Dec 7, 2018
Closed on
May 17, 2019
Sold by
John Michael Scherry and John Terasa Jo Scher
Bought by
Equity Trust Company
Seller's Agent
Dana Smith
Coldwell Banker Realty
Buyer's Agent
Naomi Bezaire Lewis
Kingston Realty
List Price
$229,000
Sold Price
$205,000
Premium/Discount to List
-$24,000
-10.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%

Purchase Details

Closed on
Feb 14, 2012
Sold by
Ridgway Terasa J and Scherry John M
Bought by
Scherry John M and Ridgway Terasa J

Purchase Details

Closed on
Jan 22, 2011
Sold by
Scherry John M and Scherry Teresa Jo
Bought by
Scherry John Michael and Scherry Teresa Jo

Purchase Details

Closed on
Jan 13, 2010
Sold by
Edison Charles R and Edison Barbara B
Bought by
Ridgway Teresa J and Scherry John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,770
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2000
Sold by
Bork Robert G
Bought by
Edison Charles R and Edison Barbara B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
8.24%

Purchase Details

Closed on
May 5, 1998
Sold by
Foye John H and Foye Mary L
Bought by
Bork Robert G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.07%

Purchase Details

Closed on
Mar 23, 1994
Sold by
Shore Stephen B and Shore Trudy M
Bought by
Foye John H and Foye Mary L

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
5%
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
Madison Trust Company -- None Available
Equity Trust Company $205,000 First American Title Company
Scherry John M -- None Available
Scherry John Michael -- None Available
Ridgway Teresa J $230,000 Western Resources Title
Edison Charles R $135,000 Orange Coast Title
Bork Robert G $114,500 Commonwealth Land Title Co
Foye John H $117,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ridgway Teresa J $160,770
Previous Owner Edison Charles R $111,300
Previous Owner Edison Charles R $108,400
Previous Owner Edison Charles R $108,000
Previous Owner Bork Robert G $108,750
Previous Owner Foye John H $93,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2019 05/24/19 Sold $205,000 -1.9% $173 / Sq Ft
05/01/2019 05/01/19 Pending -- -- --
04/26/2019 04/26/19 Price Changed $209,000 -8.7% $177 / Sq Ft
12/07/2018 12/07/18 For Sale $229,000 -- $193 / 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 $3,198 $219,799 $112,580 $107,219
2022 $3,035 $215,490 $110,373 $105,117
2021 $2,960 $211,265 $108,209 $103,056
2020 $2,910 $209,100 $107,100 $102,000
2019 $3,162 $229,840 $68,640 $161,200
2018 $3,055 $221,000 $66,000 $155,000
2017 $3,033 $218,000 $65,000 $153,000
2016 $3,073 $221,000 $66,000 $155,000
2015 $3,037 $214,000 $64,000 $150,000
2014 $2,933 $205,000 $61,000 $144,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Dana Smith

    Coldwell Banker Realty

  • Naomi Bezaire Lewis

    Buyer's Agent in 2019

    Naomi Bezaire Lewis

    Kingston Realty

    (626) 247-4811

    1 in this area

    13 Total Sales

    Naomi Bezaire Lewis
    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 218034312

California Desert Association of REALTORS®

APN: 632-120-010

California Riverside County Palm Desert 92211 Palm Desert Country

40945 Preston Trail Unit 38-11, Palm Desert, CA

This home is located at 40945 Preston Trail Unit 38-11, Palm Desert, CA 92211 since 07 December 2018 and is currently estimated at $376,982, approximately $318 per square foot. This property was built in 1983. 40945 Preston Trail Unit 38-11 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.

California Desert Association of REALTORS® 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.

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