NOT LISTED FOR SALE

Estimated Value: $1,120,000 - $1,171,596

4 Beds
5 Baths
2,990 Sq Ft
$382/Sq Ft Est. Value

Last Sold March 05, 2024

Last sale price $1,200,000 $401 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $6,255/month

379 Days on Market

Highlights

  • Golf Course Community
  • Pool House
  • Midcentury Modern Architecture
  • James Monroe Elementary School Rated A-
  • Gated Community
  • Main Floor Primary Bedroom

About This Home

As of March 2024

Here is your opportunity to own an Extremely Rare Mid-Century 4-plex behind the gates of a private country club. There has been a long 32-year rental history on this building with very little turnover. Has always been professionally managed with excellent income. These high end 1 bedroom units are surrounding the recently remodeled pool. All 4 unit has just recently completed a major remodel with new everything in December 2021. Polished 24x24 concrete floor tiles, glass backsplash, new appliances, cabinets, beautiful quartz counter tops, new modern bathroom, new hardware everywhere, new shaker solid doors, in ceiling LED lighting, new A/C, new, hot water heaters and all rented. Wait til you see it! Also, each unit has a oversized back yard with Mid-Century landscaping that wraps around 50% of each unit and lights up at night for a relaxing desert back yard experience. Nowhere in the desert are you able to find this for sale. There is a washer/dryer room. Each unit come with its own storage closet too! 5th bathroom as well for the pool use. There is a oversized golf cart garage that can hold two carts if needed. If you are looking for a True Mid-Century with excellent income, *Listing agent nor Brokers office does not guarantee the accuracy of the information provided. Buyer is advised to independently verify the accuracy of this information through personal inspection, and/or with appropriate professionals . Seller is also the Selling Broker. Unit is staged for photos.

Last Agent to Sell the Property

Wade Petrowich

Malbec Realty License #00864371 Listed on: 01/12/2023

Last Buyer's Agent

Paula Turner

Desert Pacific Properties License #00702492

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.31 Acre Lot
  • Drip System Landscaping
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinklers on Timer
  • Back Yard

Home Design

  • Midcentury Modern Architecture
  • Slab Foundation
  • Foam Roof
  • Block Exterior

Interior Spaces

  • 2,990 Sq Ft Home
  • Blinds
  • Great Room
  • Living Room
  • Tile Flooring

Kitchen

  • Gas Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Remodeled Bathroom
  • 5 Bathrooms
  • Shower Only in Secondary Bathroom

Laundry

  • Laundry Room
  • Washer
  • 220 Volts In Laundry

Parking

  • 6 Carport Spaces
  • 12 Car Parking Spaces
  • 2 Parking Garage Spaces
  • Oversized Parking
  • Circular Driveway
  • Guest Parking

Pool

  • Pool House
  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Overhead Utilities
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • Wrap Around Porch
  • Ground Level

Listing and Financial Details

  • Tenant pays for air cond/heat main, gas, electricity, cable TV
  • The owner pays for association dues, trash collection, water, pool service, gardener
  • Assessor Parcel Number 609103039

Community Details

Overview

  • Association fees include cable TV, security
  • 4 Units
  • Bdcc Fairway Subdivision

Recreation

  • Golf Course Community

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters

Security

  • 24 Hour Access
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Attached/Detached: No
  • Levels: Ground
  • Building Style: Mid Century
  • Entry Location: Living Room
  • List Price per Sq Ft: 426.42
  • Lp Sp Ratio: 0.9400
  • Year Built: 1965
  • Internal Listing I D: 20240103193757888029000000
  • Listing I D: 219105207
  • Listing Member Address: 72877 Dinah Shore Dr., 103, Rancho Mirage, CA 92270
  • Listing Office Address: 72877 Dinah Shore Dr., 103, Rancho Mirage, CA 92270
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 77-933 Las Montanas Rd Ste 101, Palm Desert, CA 92211
  • Selling Member Fax: (760) 578-6564
  • Selling Office Address: 77-933 Las Montanas Rd Ste 101, Palm Desert, CA 92211
  • Selling Office Fax: (760) 360-7580
  • Land Type: Fee
  • New Construction: No
  • Subdivision: BDCC Fairway
  • Unit Information Number Of Units Leased: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Water Line to Refrigerator, Washer, Refrigerator, Microwave Oven, Gas Range, Gas Dryer Hookup, Gas Cooktop, Exhaust Fan, Disposal
  • Number Of Disposals: 4
  • Number of Ranges: 4
  • Flooring: Tile
  • Bedroom Features: Main Floor Master Bedroom
  • Total Bedrooms: 4
  • Bathroom Features: Remodeled, Shower Stall
  • Total Bathrooms: 5.00
  • Three Quarter Bathrooms: 5
  • Kitchen Features: Quartz Counters
  • Laundry Equipment: Own
  • Laundry: Laundry Area
  • Estimated Sq Ft: 2990.00
  • Windows Treatments: Blinds

Exterior Features

  • Construction: Block
  • Other Structures: Pool House
  • Roofing: Foam
  • Foundation: Slab
  • Patio: Concrete Slab, Wrap Around, Enclosed, Covered
  • Pool: Yes
  • Pool Construction: Gunite, In Ground
  • Pool Description: Gunite, Private, In Ground, Heated
  • Pool Location: Private
  • Numberof Patios: 5

Garage/Parking

  • Parking: Circular Driveway, Oversized, Guest
  • Parking Info Total Carport Spaces: 6.00
  • Parking Info Total Covered Spaces: 4.00
  • Parking Info Total Parking Spaces: 12.00
  • Total Uncovered Assigned Spaces: 2.00

Utilities

  • TV Svcs: Cable TV
  • Volt 220: In Laundry
  • Number Electric Meters: 5
  • Number Water Meters: 5
  • Cooling Type: Air Conditioning, Central Air
  • Heating: Central, Heat Pump
  • Heating Fuel: Natural Gas
  • Security: 24 Hour Security, Gated Community
  • Sewer: Septic Tank
  • Water: In Street
  • Water Heater Feature: Gas
  • Number Gas Meter: 5
  • Water Heater: Yes
  • Laundry Type: Yes

Condo/Co-op/Association

  • Association Fees Include: Cable TV, Security
  • Unit Location: Ground Floor

Association/Amenities

  • Community Features: Golf Course Within Development
  • Gated Community: Yes
  • Association Name: Bermuda Dunes Country Club;
  • Association Phone: 760.346.1161

Lot Info

  • Assessor Parcel Number: 609103039
  • Irrigation: Drip System, Sprinkler Timer
  • Lot Description: Back Yard, Storm Drains, Utilities - Overhead, Street Paved, Landscaped, Level, Curbs, Gated with Guard
  • Lot Size: 13504.00

Rental Info

  • Owner Pays: Association Dues, Trash Collection, Water, Pool Service, Gardener
  • Tenant Pays: Air Cond/Heat Main, Gas, Electricity, Cable TV
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Number Of Dishwashers: 4
  • Number Of Refrigerators: 4
  • Total Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2023
Closed on
Feb 27, 2024
Sold by
Petrowich Family Trust
Bought by
Sheila Hawkins Family Trust and Hawkins
Seller's Agent
Wade Petrowich
Malbec Realty
Buyer's Agent
Paula Turner
Desert Pacific Properties
List Price
$1,275,000
Sold Price
$1,200,000
Premium/Discount to List
-$75,000
-5.88%
Views
226
Current Estimated Value
$1,135,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$64,396
Avg. Annual Appreciation
-2.75%

Purchase Details

Closed on
Feb 27, 2023
Sold by
Petrowich Wade Allan
Bought by
Petrowich Family Trust

Purchase Details

Closed on
Dec 27, 2022
Sold by
Petrowich Tracy Maria
Bought by
Petrowich Wade Allan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2021
Sold by
Petrowich Wade Allan
Bought by
Petrowich Wade Allan and Petrowich Tracy Maria

Purchase Details

Closed on
May 12, 2005
Sold by
Slip Peter G and Hamilton Barbara J
Bought by
Hamilton Barbara J

Purchase Details

Closed on
Aug 3, 2000
Sold by
Slip Peter G and Slip Barbara Hamilton
Bought by
Slip Peter G and Hamilton Barbara J

Purchase Details

Closed on
Feb 21, 1997
Sold by
American Svgs Bank Fa
Bought by
Slip Peter G and Hamilton Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,830
Interest Rate
4.95%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 12, 1996
Sold by
Marianetti Gary D
Bought by
American Svgs Bank Fa

Purchase Details

Closed on
Nov 16, 1994
Sold by
Duval Herb C and Duval Mildred J
Bought by
Marianetti Gary D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sheila Hawkins Family Trust $1,200,000 Fidelity National Title
Petrowich Family Trust -- --
Petrowich Wade Allan -- Orange Coast Title
Petrowich Wade Allan -- Orange Coast Title
Petrowich Wade Allan -- None Available
Petrowich Wade Allan -- None Available
Hamilton Barbara J -- --
Slip Peter G -- --
Slip Peter G $170,000 Investors Title Company
American Svgs Bank Fa $168,558 --
Marianetti Gary D $220,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Petrowich Wade Allan $575,000
Previous Owner Slip Peter G $152,830
Previous Owner Marianetti Gary D $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2024 03/05/24 Sold $1,200,000 -5.9% $401 / Sq Ft
01/26/2024 01/26/24 Pending -- -- --
01/12/2023 01/12/23 For Sale $1,275,000 -- $426 / 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
2025 $3,389 $1,224,000 $306,000 $918,000
2023 $3,389 $266,092 $46,944 $219,148
2022 $3,290 $260,875 $46,025 $214,850
2021 $7,370 $594,091 $202,072 $392,019
2020 $3,167 $253,140 $44,661 $208,479
2019 $3,107 $248,178 $43,786 $204,392
2018 $3,048 $243,313 $42,928 $200,385
2017 $2,986 $238,543 $42,087 $196,456
2016 $2,914 $233,866 $41,262 $192,604
2015 $2,924 $230,356 $40,644 $189,712
2014 $2,876 $225,846 $39,849 $185,997
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219105207

California Desert Association of REALTORS®

APN: 609-103-039