NOT LISTED FOR SALE

471 E Cottonwood Rd Palm Springs, CA 92262

Estimated Value: $892,000 - $1,260,000

-- Bed
-- Bath
-- Sq Ft
10,571 Sq Ft Lot

Last Sold January 30, 2018

Last sale price $798,000

Est. 38% increase in value since last sale

Current estimated payment $6,796/month

59 Days on Market

Highlights

  • Side by Side Parking
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Palm Springs High School Rated A-

About This Home

As of January 2018

This is a true trophy property.Classic Art Deco Compound completely renovated on huge lot. Renovated kitchens with new granite counters , all new appliances , all new lighting, new window treatments,each unit with all new tile floors throughout, bathrooms renovated as well. Each unit has its own private patio.Units are good size and one unit is a free standing home with no adjoining walls. Ideal for owner user. New roof , most units with new water heaters , all new desert landscape , auto sprinklers , pool , all new stand alone cabana, as well as newer patio furniture. Each unit has two car side by side parking on the newly paved parking lot. Its just doesn't get any better then this building.Must be sold with 501 Cottonwood.Definite upside in rents.This building qualifies for 1-4 res financing or you can do 8 unit commercial financing.

Last Agent to Sell the Property

Renee Aguilar

Premier Southland Properties License #01212148 Listed on: 11/06/2017

Last Buyer's Agent

Terry Murphy

Bennion Deville Homes License #01346949

Bennion Deville Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,164

Year Built

  • Built in 1960

Lot Details

  • 10,571

Parking

  • 8 Parking Spaces
  • Side by Side Parking

Additional Features

  • 1-Story Property
  • 10,571 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 507-023-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,164

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Stories: 1
  • Year Built: 1960
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Equipment: Refrigerator

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Side By Side
  • Total Parking: 8

Utilities

  • Cooling: Central
  • Heating: Forced Air

Lot Info

  • Assessed Improvement Value: 354450
  • Assessed Land Value: 89250
  • Assessor Parcel Number: 507-023-003
  • Geocode Override: No
  • Lot Size Area: 10571

Multi Family

  • Unit Type: 2106
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2017
Closed on
Jan 11, 2018
Sold by
Comanche Properties Llc
Bought by
Lynch John R and Lynch Maxine I
Seller's Agent
Renee Aguilar
Premier Southland Properties
Buyer's Agent
Terry Murphy
Bennion Deville Homes
List Price
$749,000
Sold Price
$798,000
Premium/Discount to List
$49,000
6.54%
Current Estimated Value
$1,101,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,000
Avg. Annual Appreciation
3.44%

Purchase Details

Listed on
Nov 6, 2017
Closed on
Dec 22, 2017
Sold by
Flexner Erik and Flexner Jenna
Bought by
Comanche Properties Llc
Seller's Agent
Renee Aguilar
Premier Southland Properties
Buyer's Agent
Terry Murphy
Bennion Deville Homes
List Price
$749,000
Sold Price
$798,000
Premium/Discount to List
$49,000
6.54%

Purchase Details

Closed on
Apr 11, 2017
Sold by
Comanche Properties Llc
Bought by
Aguilar Steve and Aguilar Renee

Purchase Details

Closed on
Jan 6, 2016
Sold by
Mandel Norman P
Bought by
Comanche Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,500
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2013
Sold by
Mandel Norman P
Bought by
Mandel Norman P
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
Lynch John R $1,498,000 Fidelity Sherman Oaks
Comanche Properties Llc -- Fidelity Sherman Oaks
Aguilar Steve -- Fidelity Sherman Oaks
Comanche Properties Llc $870,000 Fidelity National Title Co
Mandel Norman P -- None Available
Mandel Norman P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flexner Erik $330,000
Previous Owner Comanche Properties Llc $652,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2018 01/30/18 Sold $798,000 +6.5% --
01/04/2018 01/04/18 Pending -- -- --
11/06/2017 11/06/17 For Sale $749,000 -- --
Source: The MLS

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 $11,164 $852,227 $170,671 $681,556
2023 $11,164 $819,137 $164,045 $655,092
2022 $11,375 $803,077 $160,829 $642,248
2021 $11,159 $787,331 $157,676 $629,655
2020 $10,689 $779,259 $156,060 $623,199
2019 $10,516 $763,980 $153,000 $610,980
2018 $6,824 $467,364 $91,035 $376,329
2017 $6,552 $443,700 $89,250 $354,450
2016 $5,015 $325,590 $81,137 $244,453
2015 $4,765 $320,701 $79,919 $240,782
2014 $4,637 $314,420 $78,354 $236,066
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Renee Aguilar

    Premier Southland Properties

    Section Image
  • Terry Murphy

    Buyer's Agent in 2018

    Terry Murphy

    Bennion Deville Homes

    (760) 832-3758

    36 Total Sales

    Terry Murphy
    Section Image
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Map

Source: The MLS

MLS Number: 17-286942

The MLS

APN: 507-023-003

California Riverside County Palm Springs 92262

471 E Cottonwood Rd, Palm Springs, CA

This home is located at 471 E Cottonwood Rd, Palm Springs, CA 92262 since 06 November 2017 and is currently estimated at $1,101,000. This property was built in 1960. 471 E Cottonwood Rd is a home located in Riverside County with nearby schools including Katherine Finchy Elementary School, Raymond Cree Middle School, and Palm Springs High School.

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