NOT LISTED FOR SALE

45540 Verba Santa Dr Palm Desert, CA 92260

South Palm Desert Neighborhood

Estimated Value: $970,000 - $1,126,521

5 Beds
3 Baths
1,925 Sq Ft
$552/Sq Ft Est. Value

Last Sold December 17, 2014

Last sale price $489,000 $254 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $6,704/month

37 Days on Market

About This Home

As of December 2014

Fixer, Fixer, Fixer....; Property is being sold in "AS IS" condition. with no additional cost to the seller. .Partnership dispute forces sale. Palm Springs Style in South PD! Great Mid century Modern......walk to shops, restaurants, and galleries of El Paseo. 3 bedroom 2 bath with 2 bedroom detached casita/guest house. Very private pool spa area. It has the mid century look of a Palm Springs home for a fraction of the price. Property has been improved for instant enjoyment, but not a "fixer". However, it can be taken to the next level. Recent comps indicate a much higher value with minimum updating. Newly recoated foam roof, newly replastered and tiled pool. Great Primary residence, 2nd home, or could make a very profitable vacation rental. ( 5 bedroom and the fact being a 3 min walk to El Paseo makes for a fantastic vacation rental).

Last Agent to Sell the Property

James Lewis

Lewis Capital Partners Inc. License #01164097 Listed on: 10/04/2014

Last Buyer's Agent

NonMember AgentDefault

NonMember OfficeDefault

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,006

Year Built

1965

Lot Details

0

Listing Details

  • Active Date: 2014-11-24
  • Full Bathroom: 3
  • Building Size: 1925.0
  • Building Structure Style: Mid Century
  • Driving Directions: Walk to El Paseo! 45540 Verba Santa, Palm Desert
  • Full Street Address: 45540 VERBA SANTA DR
  • Primary Object Modification Timestamp: 2014-12-20
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1965

Interior Features

  • Advertising Remarks: Fixer, Fixer, Fixer....; Property is being sold in "AS IS" condition. with no additional cost to the seller. .Partnership dispute forces sale. Palm Springs Style in South PD! Great Mid century Modern......walk to shops, restaurants, and galleries of
  • Total Bedrooms: 5
  • Builders Tract Code: NOT IN A DEVELOPMENT
  • Builders Tract Name: NOT IN A DEVELOPMENT
  • Fireplace: Yes
  • Fireplace Rooms: Living Room
  • Appliances: Dishwasher
  • Floor Material: Concrete Slab
  • Laundry: Laundry in Carport
  • Pool: No

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 12197
  • Common Walls: Detached/No Common Walls

Garage/Parking

  • Parking Type: Carport

Utilities

  • Cooling Type: Air Conditioning
  • Heating Type: Central Furnace

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2023
Sold by
Ramsey Richard Allen and Ramsey Julie Lynn
Bought by
Richard Allen Ramsey Jr And Julie Lynn Foster
Current Estimated Value
$1,062,130

Purchase Details

Closed on
Jun 18, 2020
Sold by
Jacobsen Craig A and Jackson Tracey L
Bought by
Ramsey Rick A and Foster Julie

Purchase Details

Closed on
Apr 1, 2015
Sold by
Jacobsen Craig A and Jackson Tracey L
Bought by
Jacobsen Craig A and Jackson Tracey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,500
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 4, 2014
Closed on
Dec 5, 2014
Sold by
Palm Desert Capital Inc
Bought by
Jacobson Craig and Jackson Tracey
Seller's Agent
James Lewis
Lewis Capital Partners Inc.
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$489,000
Sold Price
$489,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.52%

Purchase Details

Closed on
Oct 2, 2014
Sold by
Palm Desert Capital Llc
Bought by
Tyson Ronald

Purchase Details

Listed on
Nov 13, 2013
Closed on
Jan 10, 2014
Sold by
Schmidt Carol Rae
Bought by
Palm Desert Capital Llc
Seller's Agent
Bill Waring
Coldwell Banker Realty
Buyer's Agent
Richard Chamberlin
Coldwell Banker Realty
List Price
$429,900
Sold Price
$397,500
Premium/Discount to List
-$32,400
-7.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%
Original Mortgage
$290,000
Interest Rate
4.18%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 8, 2011
Sold by
Schmidt Carole R and Schmidt Carole Rae
Bought by
Schmidt Carol Rae

Purchase Details

Closed on
Oct 23, 2007
Sold by
U M F Enterprises Inc
Bought by
Schmidt Carole R

Purchase Details

Closed on
Oct 26, 1993
Sold by
Bidner Anne and Bidner Marie
Bought by
Bidner Anne
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
Richard Allen Ramsey Jr And Julie Lynn Foster -- --
Ramsey Rick A $750,000 Chicago Title Company
Jacobsen Craig A -- First American Title Company
Jacobson Craig $489,000 First American Title Company
Tyson Ronald -- Accommodation
Palm Desert Capital Llc $397,500 First American Title Company
Schmidt Carol Rae -- None Available
Schmidt Carole R -- None Available
Bidner Anne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jacobsen Craig A $357,500
Previous Owner Palm Desert Capital Llc $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2014 12/17/14 Sold $489,000 0.0% $254 / Sq Ft
11/24/2014 11/24/14 For Sale $489,000 0.0% $254 / Sq Ft
11/10/2014 11/10/14 Pending -- -- --
11/03/2014 11/03/14 Price Changed $489,000 -5.8% $254 / Sq Ft
10/16/2014 10/16/14 Price Changed $519,000 -1.0% $270 / Sq Ft
10/04/2014 10/04/14 For Sale $524,000 +31.8% $272 / Sq Ft
02/19/2014 02/19/14 Sold $397,500 -3.0% $203 / Sq Ft
01/31/2014 01/31/14 Pending -- -- --
01/03/2014 01/03/14 Price Changed $410,000 -4.6% $210 / Sq Ft
11/13/2013 11/13/13 For Sale $429,900 -- $220 / Sq Ft
Source: Palm Springs Regional 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 $11,006 $820,230 $246,068 $574,162
2023 $11,006 $788,381 $236,514 $551,867
2022 $10,702 $772,924 $231,877 $541,047
2021 $10,294 $757,770 $227,331 $530,439
2020 $7,536 $537,377 $137,365 $400,012
2019 $7,393 $526,841 $134,672 $392,169
2018 $7,257 $516,512 $132,032 $384,480
2017 $6,736 $506,386 $129,444 $376,942
2016 $6,571 $496,457 $126,906 $369,551
2015 $6,580 $489,000 $125,000 $364,000
2014 -- $250,953 $98,856 $152,097
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    James Lewis

    Lewis Capital Partners Inc.

    (760) 469-4650

    8 Total Sales

    James Lewis
    Section Image

  • B

    Seller's Agent in 2014

    Bill Waring

    Coldwell Banker Realty

  • N

    Buyer's Agent in 2014

    NonMember AgentDefault

    NonMember OfficeDefault

  • R

    Buyer's Agent in 2014

    Richard Chamberlin

    Coldwell Banker Realty

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Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 14-799065PS

APN: 627-283-002

California Riverside County Palm Desert 92260 South Palm Desert

45540 Verba Santa Dr, Palm Desert, CA

This home is located at 45540 Verba Santa Dr, Palm Desert, CA 92260 since 04 October 2014 and is currently estimated at $1,062,130, approximately $551 per square foot. This property was built in 1965. 45540 Verba Santa Dr is a home located in Riverside County with nearby schools including La Quinta Middle School, Palm Desert High School, and George Washington Charter School.

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