NOT LISTED FOR SALE

44825 Las Palmas Ave Palm Desert, CA 92260

Palma Village Groves Neighborhood

Estimated Value: $679,000 - $976,000

6 Beds
3 Baths
1,980 Sq Ft
$406/Sq Ft Est. Value

Last Sold August 19, 2016

Last sale price $450,000 $227 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $5,056/month

103 Days on Market

About This Home

As of August 2016

3 unit apartment building available for sale. Fully occupied. 2 bedroom/1 bath units. 1 car garage per unit. $925.00 monthly rents. Quiet neighborhood, close to shopping, schools, public transportation, easy access to Highway 111 and 10 freeway. In the heart of Palm Desert.

Last Agent to Sell the Property

Margaret Montez

License #01070683 Listed on: 05/01/2016

Last Buyer's Agent

Out Side Agent

Desert Real Estate Consultants, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,255

Year Built

  • Built in 1983

Lot Details

  • 9,148 Sq Ft Lot

Parking

  • 3 Car Garage

Interior Spaces

  • 1,980 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 627092016

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,255

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Price Per Unit: 160000.00
  • List Price per Sq Ft: 242.42
  • Lp Sp Ratio: 0.9375
  • Year Built: 1983
  • Internal Listing I D: 20190608184727630335000000
  • Listing I D: 216016376
  • Listing Member Address: 73000 Highway 111, Suite 200, Palm Desert, CA 92260
  • Listing Office Address: 73000 Highway 111, Suite 200, Palm Desert, CA 92260
  • Listing Office Fax: (760) 345-2502
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: No Office Address, unassigned zip code, CA 99999
  • Selling Office Address: No Office Address, unassigned zip code, CA 99999
  • Selling Office Fax: (760) 999-9999
  • Subdivision: Not Applicable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Estimated Sq Ft: 1980.00

Garage/Parking

  • Parking Info Total Garage Spaces: 3.00
  • Parking Info Total Parking Spaces: 3.00

Utilities

  • Number Electric Meters: 3
  • Number Water Meters: 1
  • Sewer: In, Connected and Paid
  • Number Gas Meter: 3

Lot Info

  • Assessor Parcel Number: 627092016
  • Lot Size: 9148.00

Multi Family

  • Total Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2016
Closed on
Aug 19, 2016
Sold by
Cohn Arthur and Cohn Dora
Bought by
Pagnini Anthony K
Seller's Agent
Margaret Montez
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$480,000
Sold Price
$450,000
Premium/Discount to List
-$30,000
-6.25%
Current Estimated Value
$803,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,210
Avg. Annual Appreciation
6.62%
Original Mortgage
$308,000
Outstanding Balance
$246,841
Interest Rate
3.45%
Mortgage Type
Commercial
Estimated Equity
$556,369

Purchase Details

Closed on
Dec 31, 2009
Sold by
Cohn Arthur and Cohn Dora
Bought by
Cohn Arthur and Cohn Dora

Purchase Details

Closed on
Jul 9, 2007
Sold by
Asset Reverse Exchange Inc
Bought by
Cohn Arthur and Cohn Dora

Purchase Details

Closed on
Jan 12, 2007
Sold by
Cohn Arthur and Cohn Dora
Bought by
Asset Reverse Exchange Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
6.1%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 5, 2004
Sold by
Burke Shawn
Bought by
Cohn Arthur and Cohn Dora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2002
Sold by
Purpura Brenda
Bought by
Purpura Dennis J

Purchase Details

Closed on
Nov 29, 2001
Sold by
Donohoo William G and Purpura Dennis J
Bought by
Burke Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,938
Interest Rate
7.15%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pagnini Anthony K $440,000 Lawyers Title
Cohn Arthur -- None Available
Cohn Arthur -- Accommodation
Asset Reverse Exchange Inc -- Accommodation
Cohn Arthur $395,000 Southland Title
Purpura Dennis J -- Chicago Title Co
Burke Shawn $358,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pagnini Anthony K $308,000
Previous Owner Asset Reverse Exchange Inc $243,000
Previous Owner Cohn Arthur $316,000
Previous Owner Burke Shawn $164,938
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2016 08/19/16 Sold $450,000 -6.3% $227 / Sq Ft
08/12/2016 08/12/16 Pending -- -- --
05/01/2016 05/01/16 For Sale $480,000 -- $242 / 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 $8,255 $510,652 $127,661 $382,991
2023 $8,255 $490,824 $122,704 $368,120
2022 $7,687 $481,201 $120,299 $360,902
2021 $7,458 $471,767 $117,941 $353,826
2020 $7,347 $466,930 $116,732 $350,198
2019 $7,229 $457,776 $114,444 $343,332
2018 $7,114 $448,800 $112,200 $336,600
2017 $6,984 $440,000 $110,000 $330,000
2016 $5,614 $403,443 $89,410 $314,033
2015 $5,613 $397,385 $88,068 $309,317
2014 $5,269 $389,603 $86,344 $303,259
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Margaret Montez

  • O

    Buyer's Agent in 2016

    Out Side Agent

    Desert Real Estate Consultants, Inc.

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 216016376

California Desert Association of REALTORS®

APN: 627-092-016

California Riverside County Palm Desert 92260 Palma Village Groves

44825 Las Palmas Ave, Palm Desert, CA

This home is located at 44825 Las Palmas Ave, Palm Desert, CA 92260 since 01 May 2016 and is currently estimated at $803,210, approximately $405 per square foot. This property was built in 1983. 44825 Las Palmas Ave is a home located in Riverside County with nearby schools including Abraham Lincoln Elementary School, La Quinta 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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