NOT LISTED FOR SALE

45953 Portola Ave Palm Desert, CA 92260

Estimated Value: $652,000 - $1,246,000

4 Beds
4 Baths
2,750 Sq Ft
$333/Sq Ft Est. Value

Last Sold April 04, 2018

Last sale price $501,000 $182 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $5,594/month

59 Days on Market

Highlights

  • Living Room with Fireplace
  • Corner Lot
  • Landscaped
  • Palm Desert High School Rated A
  • Entrance Foyer
  • Central Heating and Cooling System

About This Home

As of April 2018

Great Location! This property will go quickly. Easy walk to El Paseo. This duplex consists of two identical condos on a corner lot each with 2 bedrooms and 2 baths set up as dual master suites. One unit already rented long term. Keep one as your vacation home and collect rent from the other or rent both units. Strong cap rate of 5.09% and one of the lowest price per sq ft of the available residential income properties in south Palm Desert. Bright, open floor plan, vaulted ceilings, fireplaces, enclosed patios off each bedroom, 2 car garage and 2 car carport, stacked washer and dryer, new dishwasher and large updated refrigerator with icemaker. This is a great opportunity to own income property in Palm Desert.

Last Agent to Sell the Property

Henry Pselos

Keller Williams Realty License #00674912 Listed on: 02/02/2018

Keller Williams Realty

Last Buyer's Agent

Henry Pselos

Keller Williams Realty License #00674912 Listed on: 02/02/2018

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,584

Year Built

  • Built in 1976

Lot Details

  • 10,454 Sq Ft Lot
  • South Facing Home
  • Landscaped
  • Corner Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Tile Roof
  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2,750 Sq Ft Home
  • 2-Story Property
  • Metal Fireplace
  • Vertical Blinds
  • Entrance Foyer
  • Living Room with Fireplace
  • 2 Fireplaces
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Car Garage
  • 4 Carport Spaces

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for trash collection
  • The owner pays for gardener, water
  • Assessor Parcel Number 627351035

Community Details

Overview

  • 2 Units
  • Shadow Mountain Fairway Cottages Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,584

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Orientation Faces: Front Door Faces South
  • Levels: One
  • Price Per Unit: 237500.00
  • Builders Tract Code: Shadow Mtn Fairway C
  • Building Number Of Stories: 2
  • Entry Location: Foyer
  • List Price per Sq Ft: 172.73
  • Lp Sp Ratio: 1.0547
  • Year Built: 1976
  • Internal Listing I D: 20190608184804892864000000
  • Listing I D: 218004192
  • Listing Member Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Listing Office Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Listing Office Fax: (760) 770-9510
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Selling Office Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Selling Office Fax: (760) 770-9510
  • Land Type: Fee
  • Subdivision: Shadow Mountain Fairway Cottages
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Fireplace Features: Metal
  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Laundry Equipment: Own
  • Estimated Sq Ft: 2750.00
  • Windows Treatments: Vertical Blinds

Exterior Features

  • Construction: Stucco
  • Roofing: Composition, Shingle, Tile
  • Foundation: Slab

Garage/Parking

  • Parking Info Total Carport Spaces: 4.00
  • Parking Info Total Garage Spaces: 4.00
  • Parking Info Total Parking Spaces: 8.00

Utilities

  • Number Electric Meters: 2
  • Number Water Meters: 2
  • Cooling Type: Central Air
  • Heating: Central
  • Heating Fuel: Natural Gas
  • Security: Fire Alarm
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas
  • Number Gas Meter: 2
  • Water Heater: Yes
  • Laundry Type: Yes

Lot Info

  • Assessor Parcel Number: 627351035
  • Lot Description: Landscaped
  • Lot Location: Corner Lot
  • Lot Size: 10454.00

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Trash Collection
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 2
  • Total Units: 2

MLS Schools

  • School District: Coachella Valley Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2018
Closed on
Feb 28, 2018
Sold by
Marlin Ronald L and Marlin Gail G
Bought by
Barringer Gary L and Barringer Kelly A
Seller's Agent
Henry Pselos
Keller Williams Realty
Buyer's Agent
Henry Pselos
Keller Williams Realty
List Price
$475,000
Sold Price
$501,000
Premium/Discount to List
$26,000
5.47%
Current Estimated Value
$895,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$394,534
Avg. Annual Appreciation
7.90%
Original Mortgage
$275,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 30, 2012
Closed on
Feb 27, 2014
Sold by
Marlin Ronald L and Marlin Gail Nixon
Bought by
The Marlin 1999 Family Trust
Seller's Agent
Michael Leon
Realty Executives Desert Lifestyles
Buyer's Agent
Michael Leon
Realty Executives
List Price
$435,000
Sold Price
$440,000
Premium/Discount to List
$5,000
1.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.23%
Original Mortgage
$295,000
Interest Rate
4.34%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 30, 2012
Closed on
Jan 14, 2014
Sold by
Marlin Ronald L and Marlin Gail Nixon
Bought by
Marlin Ronald L and Marlin Gail Nixon
Seller's Agent
Michael Leon
Realty Executives Desert Lifestyles
Buyer's Agent
Michael Leon
Realty Executives
List Price
$435,000
Sold Price
$440,000
Premium/Discount to List
$5,000
1.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
4.34%
Mortgage Type
Commercial

Purchase Details

Closed on
May 3, 2006
Sold by
Rickerd Donald Murl and Rickerd Rosalie
Bought by
Rickerd Donald Murl and Rickerd Rosalie

Purchase Details

Closed on
Sep 4, 2003
Sold by
Rubin Patricia A
Bought by
Rickerd Donald Murl and Rickerd Rosalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 2002
Sold by
Pum Geza Jon
Bought by
Rubin Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.86%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Barringer Gary L $501,000 Orange Coast Title Company
The Marlin 1999 Family Trust -- Fidelity National Title
Marlin Ronald L $440,000 Fidelity National Title Ie
Rickerd Donald Murl -- None Available
Rickerd Donald Murl $330,000 Fidelity National Title Co
Rubin Patricia A $250,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barringer Gary L $273,000
Closed Barringer Gary L $275,000
Previous Owner Marlin Ronald L $295,000
Previous Owner Rickerd Donald Murl $264,000
Previous Owner Rubin Patricia A $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2018 04/04/18 Sold $501,000 +5.5% $182 / Sq Ft
04/02/2018 04/02/18 Pending -- -- --
02/02/2018 02/02/18 For Sale $475,000 +8.0% $173 / Sq Ft
03/05/2014 03/05/14 Sold $440,000 +1.1% $160 / Sq Ft
01/13/2014 01/13/14 Pending -- -- --
09/30/2012 09/30/12 For Sale $435,000 -- $158 / 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 $8,584 $570,048 $85,335 $484,713
2023 $8,584 $547,914 $82,022 $465,892
2022 $7,997 $537,171 $80,414 $456,757
2021 $7,611 $526,639 $78,838 $447,801
2020 $7,402 $521,240 $78,030 $443,210
2019 $7,268 $511,020 $76,500 $434,520
2018 $6,617 $474,036 $123,894 $350,142
2017 $6,490 $464,742 $121,465 $343,277
2016 $6,340 $455,631 $119,084 $336,547
2015 $6,352 $448,790 $117,297 $331,493
2014 $5,422 $382,732 $98,580 $284,152
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2018

    Henry Pselos

    Keller Williams Realty

    (760) 896-4265

    19 Total Sales

    Section Image
  • Michael Leon

    Seller's Agent in 2014

    Michael Leon

    Realty Executives Desert Lifestyles

    (805) 857-8816

    39 Total Sales

    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 218004192

California Desert Association of REALTORS®

APN: 627-351-035

California Riverside County Palm Desert 92260

45953 Portola Ave, Palm Desert, CA

This home is located at 45953 Portola Ave, Palm Desert, CA 92260 since 02 February 2018 and is currently estimated at $917,012, approximately $333 per square foot. This property was built in 1976. 45953 Portola Ave is a home located in Riverside County with nearby schools including La Quinta Middle School, Palm Desert High School, and George Washington Charter 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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