42688 E Veldt St Rancho Mirage, CA 92270
Magnesia Falls Cove Neighborhood
3
Beds
2
Baths
1,250
Sq Ft
0.3
Acres
Highlights
- In Ground Pool
- Mountain View
- High Ceiling
- Midcentury Modern Architecture
- Secondary bathroom tub or shower combo
- Breakfast Area or Nook
About This Home
As of April 2015Aggressively seeking back-up offers!! Mid-Century original offers you a blank canvas to create your masterpiece in Magnesia Falls Cove in prestigious Rancho Mirage! This one owner home is all original inside and awaits the arrival of your toolbox. The intangibles of this home include beautiful mountain views, huge lot, private, quiet neighborhood, pool, sun room, 2 car garage, fireplace, 1 1/2 blocks to The River for great restaurants, theaters, shopping, entertainment, etc., one owner! Sold as is!
Last Agent to Sell the Property
John Springs
License #01319821 Listed on: 05/02/2014
Last Buyer's Agent
James Guillermo
Coldwell Banker Residential Brokerage License #01483719
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,410
Year Built
- Built in 1956
Lot Details
- 0.3 Acre Lot
- North Facing Home
- Block Wall Fence
- Level Lot
- Drip System Landscaping
- Sprinklers on Timer
- Back Yard
HOA Fees
- $2 Monthly HOA Fees
Parking
- 2 Car Detached Garage
Home Design
- Midcentury Modern Architecture
- Slab Foundation
- Stucco Exterior
Interior Spaces
- 1,250 Sq Ft Home
- 1-Story Property
- High Ceiling
- Ceiling Fan
- Brick Fireplace
- Shutters
- Drapes & Rods
- Blinds
- Sliding Doors
- Living Room with Fireplace
- Carpet
- Mountain Views
Kitchen
- Breakfast Area or Nook
- Dishwasher
- Formica Countertops
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
- Secondary bathroom tub or shower combo
- Shower Only in Secondary Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Pool
- In Ground Pool
- Outdoor Pool
Utilities
- Central Heating and Cooling System
- Evaporated cooling system
- Heating System Uses Natural Gas
- Gas Water Heater
- Sewer in Street
- Cable TV Available
Community Details
- Magnesia Falls Cove Subdivision
Listing and Financial Details
- Assessor Parcel Number 684344018
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 15, 2015
Closed on
Mar 4, 2015
Sold by
Fortune Solutions Llc
Bought by
Higginson Kevin Kurtis
Seller's Agent
Aldo Baltodano
Greenview Private Capital Corp
Buyer's Agent
Maui Drabner
Maui Drabner Properties
List Price
$499,900
Sold Price
$450,000
Premium/Discount to List
-$49,900
-9.98%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$391,281
Avg. Annual Appreciation
6.19%
Original Mortgage
$400,500
Interest Rate
3.76%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 2, 2014
Closed on
May 9, 2014
Sold by
Rojas Martha
Bought by
Fortune Solutions Llc
Seller's Agent
John Springs
Buyer's Agent
James Guillermo
Coldwell Banker Residential Brokerage
List Price
$334,900
Sold Price
$305,000
Premium/Discount to List
-$29,900
-8.93%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.58%
Purchase Details
Closed on
Sep 26, 2002
Sold by
Phillip Maria C
Bought by
Phillip Maria Cecelia and Maria Cecelia Phillip Trust Agreement
Purchase Details
Closed on
Mar 14, 1994
Sold by
Phillip Andrew M and Phillip Maria C
Bought by
Phillip Andrew M and Phillip Maria C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
7.21%
Similar Home in Rancho Mirage, CA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $450,000 | Orange Coast Title Co | |
| Grant Deed | $301,000 | Orange Coast Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | -- | Investors Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $382,000 | New Conventional | |
| Closed | $400,000 | New Conventional | |
| Closed | $400,500 | New Conventional | |
| Previous Owner | $39,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2015 04/22/15 | Off Market | $450,000 | -- | -- |
| 04/10/2015 04/10/15 | Sold | $450,000 | -10.0% | $346 / Sq Ft |
| 01/15/2015 01/15/15 | For Sale | $499,900 | +63.9% | $385 / Sq Ft |
| 05/22/2014 05/22/14 | Sold | $305,000 | -8.9% | $244 / Sq Ft |
| 05/08/2014 05/08/14 | For Sale | $334,900 | 0.0% | $268 / Sq Ft |
| 05/08/2014 05/08/14 | Pending | -- | -- | -- |
| 05/02/2014 05/02/14 | For Sale | $334,900 | -- | $268 / Sq Ft |
Source: California Desert Association of REALTORS®
Tax History Compared to Growth
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 | $7,410 | $540,819 | $162,242 | $378,577 |
| 2023 | $7,410 | $519,820 | $155,943 | $363,877 |
| 2022 | $7,385 | $509,629 | $152,886 | $356,743 |
| 2021 | $7,231 | $499,638 | $149,889 | $349,749 |
| 2020 | $6,881 | $494,516 | $148,353 | $346,163 |
| 2019 | $6,778 | $484,821 | $145,445 | $339,376 |
| 2018 | $6,669 | $475,316 | $142,594 | $332,722 |
| 2017 | $6,575 | $465,998 | $139,799 | $326,199 |
| 2016 | $6,393 | $456,861 | $137,058 | $319,803 |
| 2015 | $4,441 | $307,020 | $92,820 | $214,200 |
| 2014 | $1,395 | $61,248 | $11,318 | $49,930 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2015
Aldo Baltodano
Greenview Private Capital Corp
-
M
Buyer's Agent in 2015
Maui Drabner
Maui Drabner Properties
-
J
Seller's Agent in 2014
John Springs
-
John Kouri
Seller Co-Listing Agent in 2014
John Kouri
(760) 641-8928
3 Total Sales
-
J
Buyer's Agent in 2014
James Guillermo
Coldwell Banker Residential Brokerage
Map
Source: California Desert Association of REALTORS®
MLS Number: 214017264
APN: 684-344-018
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