NOT LISTED FOR SALE

Estimated Value: $254,000 - $286,000

2 Beds
2 Baths
925 Sq Ft
$291/Sq Ft Est. Value

Last Sold August 19, 2019

Last sale price $165,000 $178 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,728/month

127 Days on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • Primary Bedroom Suite
  • Palm Desert High School Rated A
  • No Units Above
  • Gated Community

About This Home

As of August 2019

Beautiful Palm Desert Condo For Sale. Located in the Highly Desirable Royal Palms Gated Community! 40970 Breezy Pass Road,
Unit A, Palm Desert CA 92211 is a single story condominium featuring 2 Bedrooms, 2 Bathrooms, with 925 square feet of living
space. It features an Open Floor Plan with Vaulted Cathedral Ceilings in Living Room. The kitchen includes a gas oven/stove,
and dishwasher. There is also a breakfast bar and plenty of storage. The Master Bedroom has a walk in closet with
private en suite bathroom and shower. There is also a Guest Bedroom. Convenient Stackable Washer Dryer
in the Hallway. This home also includes a car port and an assigned parking space. The HOA includes 2 Sparkling Pools, Barbeque
Area, and Fitness Room.

Last Agent to Sell the Property

Suzan Valentin

Century 21 Masters License #01905146 Listed on: 03/13/2019

Century 21 Masters

Co-Listed By

Alex Valentine

Century 21 Masters License #01203114

Last Buyer's Agent

Brenda Legris

California Lifestyle Realty License #01948382

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,611

Year Built

  • Built in 1985

Lot Details

  • 870 Sq Ft Lot
  • No Units Above
  • End Unit
  • 1 Common Wall
  • Landscaped

Home Design

  • Property Attached
  • Tile Roof

Interior Spaces

  • 925 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Tile Flooring
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Bathrooms

Parking

  • 1 Open Parking Space
  • 2 Parking Spaces
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Pool

  • In Ground Pool
  • Spa
  • Fence Around Pool

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Sewer Assessments

Additional Features

  • No Interior Steps
  • Property is near a clubhouse

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 1
  • Tax Tract Number 188023
  • Assessor Parcel Number 632081071

Community Details

Overview

  • Property has a Home Owners Association
  • 25 Buildings

Amenities

  • Community Barbecue Grill
  • Banquet Facilities

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Insurance Expense $333
  • New Taxes Expense $3,052
  • Operating Expense $3,385
  • Net Operating Income $10,573

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,611

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Security: Gated Community
  • Subdivision Name Other: Royal Palms Condos (32425)
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 632081071
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Cathedral Ceiling(s), Open Floorplan
  • Stories: 1
  • Common Walls: 1 Common Wall, End Unit, No One Above
  • Flooring: Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 178.38
  • Room Type: All Bedrooms Down, Kitchen, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
  • Spa Features: Association, Community

Exterior Features

  • Pool Features: Association, Community, Fenced, In Ground
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Sewer Assessments
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Gym/Ex Room, Banquet Facilities, Water
  • Association Fee: 265.00
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Close to Clubhouse, Landscaped
  • Lot Size Sq Ft: 870.00
  • Lot Size Acres: 0.0200
  • Latitude Manual: 33.75152300

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Scheduled Income: 15360.00
  • Insurance Expense: 333.04
  • Lot Size Area: 870.0000 Square Feet
  • Net Operating Income: 10572.96
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 4787.04
  • Rent Control: No
  • Total Expenses: 3384.54

Tax Info

  • New Taxes Expense: 3051.50
  • Tax Census Tract: 449.27
  • Tax Lot: 1
  • Tax Tract Number: 188023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2019
Closed on
Aug 13, 2019
Sold by
Stambolian Aris Voskan
Bought by
Liu Hong
Seller's Agent
Suzan Valentin
Century 21 Masters
Buyer's Agent
Brenda Legris
California Lifestyle Realty
List Price
$179,500
Sold Price
$165,000
Premium/Discount to List
-$14,500
-8.08%
Total Days on Market
127
Current Estimated Value
$268,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,942
Avg. Annual Appreciation
8.93%

Purchase Details

Closed on
Mar 2, 2017
Sold by
Stambolian Aris and Stambolian Angela Amlicos
Bought by
Stambolian Aris Voskan

Purchase Details

Closed on
May 23, 2011
Sold by
Federal National Mortgage Association
Bought by
Stambolian Aris and Stambolian Anzhela

Purchase Details

Closed on
Nov 3, 2005
Sold by
Royal Palms Realty Llc
Bought by
Covarrubias Armida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,129
Interest Rate
7.75%
Mortgage Type
New Conventional
Source: Public Records

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
Liu Hong $165,000 None Available
Stambolian Aris Voskan -- None Available
Stambolian Aris $66,500 First American Title Company
Covarrubias Armida $257,500 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Covarrubias Armida $180,129
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2019 08/19/19 Sold $165,000 -8.1% $178 / Sq Ft
03/13/2019 03/13/19 For Sale $179,500 +8.8% $194 / Sq Ft
03/13/2019 03/13/19 Off Market $165,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $2,611 $173,441 $7,882 $165,559
2022 $2,470 $170,041 $7,728 $162,313
2021 $2,407 $166,708 $7,577 $159,131
2020 $2,367 $165,000 $7,500 $157,500
2019 $1,292 $76,365 $22,907 $53,458
2018 $1,274 $74,868 $22,458 $52,410
2017 $1,274 $73,401 $22,018 $51,383
2016 $1,270 $71,963 $21,587 $50,376
2015 $1,274 $70,884 $21,264 $49,620
2014 $1,259 $69,498 $20,849 $48,649
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG19056434

California Regional Multiple Listing Service (CRMLS)

APN: 632-081-071