NOT LISTED FOR SALE

45352 Park St Indio, CA 92201

Estimated Value: $487,000 - $1,168,971

8 Beds
4 Baths
2,800 Sq Ft
$281/Sq Ft Est. Value

Last Sold September 01, 2016

Last sale price $285,000 $102 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $4,869/month

60 Days on Market

Highlights

  • Ranch Style House
  • Views
  • Central Heating and Cooling System

About This Home

As of September 2016

This property to be sold together with 45304 Park St Fourplex to make a total of 8 units. This is a great opportunity to own a FourPlex close to Hwy 111, shopping and public transportation for under $300,000. Don't let the age deter you, owner has done many upgrades, remodels on units, newer dual pane windows with FAU/CAC system. This is an excellent opportunity for an investor needing a 1031 exchange, as the same owner has a total of 13 units for sale on Park St.. Also for sale 45304 Park St.- 4 units and 45420 Park St. - 5 units. Owner has several Duplexes, Fourplexes, 5 & 6 unit apartment building for sale in Cathedral City, Indio and other cities in the Coachella Valley. Lots of new development happening right now in this area, don't miss the opportunity to get in while the prices are low.Interior photos are of Unit #1 and #2 for 45304 Park only, these are model matches to 45352 Park, Exterior photos are shared with Both properties - 45304 & 4535

Last Agent to Sell the Property

Gary Anderson

Gary Anderson, R.E. Broker License #00873508 Listed on: 07/02/2016

Last Buyer's Agent

Gary Anderson

Gary Anderson, R.E. Broker License #00873508 Listed on: 07/02/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 6,970

Home Design

  • 2,800 Sq Ft Home
  • Ranch Style House
  • Shingle Roof
  • Composition Roof
  • Stucco Exterior

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Carport Spaces
  • 4 Car Parking Spaces

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Cable TV Available

Additional Features

  • 6,970 Sq Ft Lot
  • Ground Level
  • Property Views

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 611182002

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Ground, One, Ground Level, No Unit Above
  • Price Per Unit: 74975.00
  • Building Style: Ranch
  • List Price per Sq Ft: 107.11
  • Lp Sp Ratio: 0.9503
  • Year Built: 1967
  • Internal Listing I D: 20190608184731385165000000
  • Listing I D: 216019980
  • Listing Member Address: 16400 Bubbling Wells Rd, #128, Desert Hot Springs, CA 92240
  • Listing Office Address: 16400 Bubbling Wells Rd, #128, Desert Hot Springs, CA 92240
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 16400 Bubbling Wells Rd, #128, Desert Hot Springs, CA 92240
  • Selling Office Address: 16400 Bubbling Wells Rd, #128, Desert Hot Springs, CA 92240
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Estimated Sq Ft: 2800.00

Exterior Features

  • Construction: Stucco
  • Roofing: Composition, Shingle
  • View: Yes

Garage/Parking

  • Parking Info Total Carport Spaces: 4.00
  • Parking Info Total Parking Spaces: 4.00

Utilities

  • TV Svcs: Cable TV
  • Number Electric Meters: 4
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Central Air
  • Heating: Central
  • Sewer: Unknown
  • Water: Water District
  • Number Gas Meter: 4

Lot Info

  • Assessor Parcel Number: 611182002
  • Lot Size: 6970.00

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Cable TV, Electricity, Gas
  • Land Lease Type: Fee Simple

Multi Family

  • Total Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2016
Closed on
Sep 13, 2016
Sold by
Thye Dirk A and Thye Nicole C
Bought by
Vanitys Prudence Llc
Seller's Agent
Gary Anderson
Gary Anderson, R.E. Broker
Buyer's Agent
Gary Anderson
Gary Anderson, R.E. Broker
List Price
$299,900
Sold Price
$285,000
Premium/Discount to List
-$14,900
-4.97%
Current Estimated Value
$786,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$501,493
Avg. Annual Appreciation
11.48%
Original Mortgage
$142,500
Outstanding Balance
$113,588
Interest Rate
3.45%
Mortgage Type
Commercial
Estimated Equity
$672,905

Purchase Details

Listed on
Jul 2, 2016
Closed on
Aug 22, 2016
Sold by
Seis Infinity Casa
Bought by
Thye Dirk A and Thye Nicole C
Seller's Agent
Gary Anderson
Gary Anderson, R.E. Broker
Buyer's Agent
Gary Anderson
Gary Anderson, R.E. Broker
List Price
$299,900
Sold Price
$285,000
Premium/Discount to List
-$14,900
-4.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Outstanding Balance
$113,588
Interest Rate
3.45%
Mortgage Type
Commercial
Estimated Equity
$672,905

Purchase Details

Listed on
May 20, 2013
Closed on
Jun 18, 2013
Sold by
Fleetwood Lorraine
Bought by
Els Infinity Casa
Seller's Agent
Joe Quintanilla
Apex Realty
Buyer's Agent
Joe Quintanilla
Apex Realty
List Price
$229,000
Sold Price
$202,000
Premium/Discount to List
-$27,000
-11.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.55%

Purchase Details

Closed on
Jul 12, 1999
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Fleetwood Lorraine B

Purchase Details

Closed on
Sep 24, 1998
Sold by
Dean Meyer Roger and Hope Meyer Florie
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Nov 8, 1997
Sold by
Brown Victor
Bought by
Walker Algrada

Purchase Details

Closed on
Jul 24, 1997
Sold by
Dean Meyer Roger and Hope Meyer Florie
Bought by
Brown Victor and White Clinton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
7.58%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vanitys Prudence Llc -- None Available
Thye Dirk A $285,000 Chicago Title Company
Els Infinity Casa $202,000 Ticor Title
Fleetwood Lorraine B $50,000 First American Title Co
Federal Home Loan Mortgage Corporation $54,000 First American Title Ins Co
Walker Algrada -- Old Republic Title Company
Brown Victor -- Chicago Title Co
Brown Victor -- Chicago Title Co
White Clinton -- Chicago Title Co
Brown Victor -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thye Dirk A $142,500
Previous Owner Brown Victor $97,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/01/2016 09/01/16 Sold $285,000 -5.0% $102 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
07/02/2016 07/02/16 For Sale $299,900 +48.5% $107 / Sq Ft
07/11/2013 07/11/13 Sold $202,000 -11.8% $72 / Sq Ft View Prior Sale
06/13/2013 06/13/13 Pending -- -- --
05/20/2013 05/20/13 For Sale $229,000 -- $82 / 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 $8,985 $630,091 $53,060 $577,031
2023 $8,985 $605,625 $51,000 $554,625
2022 $4,804 $311,686 $62,336 $249,350
2021 $4,774 $305,575 $61,114 $244,461
2020 $5,108 $302,443 $60,488 $241,955
2019 $4,968 $296,513 $59,302 $237,211
2018 $4,898 $290,700 $58,140 $232,560
2017 $4,824 $285,000 $57,000 $228,000
2016 $3,890 $209,175 $52,293 $156,882
2015 $3,697 $206,034 $51,508 $154,526
2014 $3,654 $202,000 $50,500 $151,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 216019980

California Desert Association of REALTORS®

APN: 611-182-002