J
Seller's Agent in 2020
John Bazerkanian
RE/MAX
46342 Highway 74 Palm Desert, CA 92260
South Palm Desert Neighborhood
9
Beds
8
Baths
4,348
Sq Ft
0.38
Acres
Highlights
- Corner Lot
- Community Pool
- 4 Detached Carport Spaces
- Palm Desert High School Rated A
- Laundry Room
About This Home
As of December 2020PRIDE OF OWNERSHIP LITERALLY TURN KEY 4 UNIT CORNER PROPERTY LOCATED IN SOUTH PALM DESERT WALKING DISTANCE FROM EL PASEO.
ALMOST EVERYTHING HAS BEEN REMODELLED/ UPGRADED INCLUDING:FLOORINGS,WINDOWS,PATIOS,POOL EQUIPMENT,COMMON AREA FLOOR.OWINGS ETC.
TENANTS ENJOY HOMELIKE SETTINGS WITH GREAT FLAW OF EACH SPACIOUS UNIT WHICH INCLUDES PRIVATE PATIOS,PRIVATE LAUNDRY, RESORT LIKE POOL, PLENTY OF PARKING AND STORAGE AND TO TOP IT ALL, IN A VERY QUIET AND TRANQUIL AREA OF SOUTH PALM DESERT NEAR EVERYTHING.
THE NEW OWNER WILL ENJOY THE IMMEDIATE/EXISTING MARKET RENTAL INCOME WITH ALMOST 'ZERO' VACANCY FACTOR, WITH ROOM TO INCREASE AND CREATE MORE CASH FLOW FOR YEARS TO COME.
Last Agent to Sell the Property
John Bazerkanian
RE/MAX MASTERS REALTY License #00892241 Listed on: 09/30/2020
Last Buyer's Agent
Unknown Member
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,217
Year Built
- Built in 1960
Lot Details
- 0.38 Acre Lot
- Two or More Common Walls
- Corner Lot
- Irregular Lot
- Sprinkler System
Home Design
- 4,348 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Bathrooms
Parking
- 4 Parking Spaces
- 4 Detached Carport Spaces
- Parking Available
Additional Features
- Laundry Room
- Urban Location
- Private Water Source
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 4 / B3
- Tax Tract Number 40140
- Assessor Parcel Number 628091004
Community Details
Overview
- 3 Buildings
- 4 Units
Recreation
- Community Pool
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,992
- Gardener Expense $1,200
- Insurance Expense $2,400
- Other Expense $1,800
- Pool Expense $1,800
- Water Sewer Expense $1,740
- New Taxes Expense $15,745
- Operating Expense $9,540
- Gross Income $67,560
- Net Operating Income $58,020
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 30, 2020
Closed on
Dec 18, 2020
Sold by
Hessa Property Llc
Bought by
Vachon Stephane
Seller's Agent
John Bazerkanian
RE/MAX MASTERS REALTY
Buyer's Agent
Unknown Member
List Price
$1,175,000
Sold Price
$1,120,000
Premium/Discount to List
-$55,000
-4.68%
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
$243,691
Avg. Annual Appreciation
5.56%
Original Mortgage
$840,000
Outstanding Balance
$751,288
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$685,499
Purchase Details
Listed on
Sep 30, 2020
Closed on
Dec 16, 2020
Sold by
Rouse William
Bought by
Vachon Stephane
Seller's Agent
John Bazerkanian
RE/MAX MASTERS REALTY
Buyer's Agent
Unknown Member
List Price
$1,175,000
Sold Price
$1,120,000
Premium/Discount to List
-$55,000
-4.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Outstanding Balance
$751,288
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$685,499
Purchase Details
Listed on
Jun 29, 2017
Closed on
Mar 1, 2018
Sold by
Haroutunian Samuel S and Haroutunian Anaid
Bought by
Hessa Property Llc
Seller's Agent
Kelly McLean
McLean Company Rentals
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$744,000
Sold Price
$720,000
Premium/Discount to List
-$24,000
-3.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.64%
Purchase Details
Listed on
Jun 29, 2017
Closed on
Dec 21, 2017
Sold by
4 Eddte Properties Ii Llc
Bought by
Haroutunian Samuel S and Haroutunian Anaid
Seller's Agent
Kelly McLean
McLean Company Rentals
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$744,000
Sold Price
$720,000
Premium/Discount to List
-$24,000
-3.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
3.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 28, 2017
Sold by
Edwards Walt and Edwards Kristin N
Bought by
4 Eddie Properties Ii Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
3.95%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 9, 2015
Closed on
Sep 23, 2015
Sold by
Nelson Don Oscar and Nelson Charlene
Bought by
Edwards Walt and Edwards Kristin N
Seller's Agent
Howard Hanes
No Firm Affiliation
Buyer's Agent
Howard Hanes
No Firm Affiliation
List Price
$598,000
Sold Price
$597,500
Premium/Discount to List
-$500
-0.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.39%
Original Mortgage
$413,000
Interest Rate
3.85%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 6, 2010
Sold by
Bank Of America National Association
Bought by
Nelson Don Oscar and Nelson Charlene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,438
Interest Rate
4.91%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 22, 2009
Sold by
Conroy Breda B and Lagsob Nelia L
Bought by
Bank Of America National Association
Purchase Details
Closed on
Feb 2, 2007
Sold by
Salazar Leticia L and Salazar Letocoa L
Bought by
Conroy Breda B and Lagsob Nelia L
Purchase Details
Closed on
Jun 9, 2006
Sold by
Turnbough Mary L Hutcheson
Bought by
Conroy Breda B and Lagsob Nelia L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,000
Interest Rate
8.33%
Mortgage Type
Negative Amortization
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 | $1,120,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Grant Deed | -- | None Available | |
| Grant Deed | $720,000 | Chicago Title Company | |
| Grant Deed | -- | None Available | |
| Grant Deed | $597,500 | Lawyers Title Company | |
| Grant Deed | $371,500 | Lawyers Title | |
| Trustee Deed | $323,000 | Servicelink | |
| Quit Claim Deed | -- | None Available | |
| Grant Deed | $815,000 | Stewart Title Guaranty |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $840,000 | New Conventional | |
| Previous Owner | $540,000 | New Conventional | |
| Previous Owner | $413,000 | Commercial | |
| Previous Owner | $278,438 | Commercial | |
| Previous Owner | $652,000 | Negative Amortization |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/30/2020 12/30/20 | Sold | $1,120,000 | -4.7% | $258 / Sq Ft |
| 11/14/2020 11/14/20 | Pending | -- | -- | -- |
| 09/30/2020 09/30/20 | For Sale | $1,175,000 | +63.2% | $270 / Sq Ft |
| 02/15/2018 02/15/18 | Sold | $720,000 | 0.0% | -- |
| 09/01/2017 09/01/17 | Off Market | $720,000 | -- | -- |
| 06/29/2017 06/29/17 | For Sale | $744,000 | +24.5% | -- |
| 10/27/2015 10/27/15 | Sold | $597,500 | -0.1% | $130 / Sq Ft |
| 09/17/2015 09/17/15 | Pending | -- | -- | -- |
| 07/09/2015 07/09/15 | For Sale | $598,000 | -- | $131 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $17,217 | $2,099,915 | $324,729 | $1,775,186 |
| 2023 | $17,217 | $1,165,248 | $312,120 | $853,128 |
| 2022 | $15,492 | $1,142,400 | $306,000 | $836,400 |
| 2021 | $15,126 | $1,120,000 | $300,000 | $820,000 |
| 2020 | $10,501 | $749,088 | $260,100 | $488,988 |
| 2019 | $10,324 | $734,400 | $255,000 | $479,400 |
| 2018 | $8,957 | $621,639 | $301,716 | $319,923 |
| 2017 | $8,797 | $609,450 | $295,800 | $313,650 |
| 2016 | $8,610 | $597,500 | $290,000 | $307,500 |
| 2015 | $6,304 | $398,726 | $139,620 | $259,106 |
| 2014 | $6,220 | $390,918 | $136,886 | $254,032 |
Source: Public Records
Agents Affiliated with this Home
-
-
U
Buyer's Agent in 2020
Unknown Member
-
K
Seller's Agent in 2018
Kelly McLean
McLean Company Rentals
(760) 285-7577
5 Total Sales
-
N
Buyer's Agent in 2018
NonMember AgentDefault
NonMember OfficeDefault
-
H
Seller's Agent in 2015
Howard Hanes
No Firm Affiliation
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV20204769
APN: 628-091-004
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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