NOT LISTED FOR SALE

48475 Alamo Dr Palm Desert, CA 92260

Estimated Value: $487,000 - $568,515

3 Beds
2 Baths
1,568 Sq Ft
$871/mo HOA Fee

Last Sold February 14, 2023

Last sale price $525,000 $335 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,285/month

39 Days on Market

Highlights

  • Fitness Center
  • Heated In Ground Pool
  • Gated Community
  • Palm Desert High School Rated A
  • Primary Bedroom Suite
  • Mountain View

About This Home

As of February 2023

Located in South Palm Desert in the exclusive Palm Desert Tennis Club. This immaculate and upgraded single level 3 bedroom 2 bath condo is the perfect place to relax and enjoy all that the Desert has to offer! As you enter through your spacious private patio you are greeted with beautiful potted plants and custom wrought iron gates. Inside, the open concept living space features high ceilings, brick fireplace, outdoor patio access, a wet bar, new interior paint, and new recessed LED lighting. The kitchen has new stainless steel appliances and upgraded soft close kitchen cabinets with front courtyard patio access. The primary bedroom is located opposite the guest bedrooms and boasts private patio access, high ceilings, and recently renovated bathroom. All bedrooms are of good size and feature a sliding door to private outdoor space. Out back, enjoy stunning west facing mountain views under your covered patio. Other features include, newer A/C less than 3 years old, new baseboards and newly re-stained front and backyard patios. HOA includes 6 swimming pools, 5 spas, eight lighted championship tennis courts and on-site tennis pro and tennis coordinator during the season and social membership, pickleball, squash, bocce ball, and clubhouse. Where luxury meets cozy, this home has too many upgrades to list and is a must see!

Last Agent to Sell the Property

Amirah Halum

Compass License #01945548 Listed on: 01/05/2023

Compass

Last Buyer's Agent

Amirah Halum

Coldwell Banker Realty License #01945548

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,010

Year Built

  • Built in 1973

Lot Details

  • End Unit
  • East Facing Home
  • Landscaped
  • Sprinkler System

HOA Fees

  • $871 Monthly HOA Fees

Property Views

  • Mountain
  • Park or Greenbelt

Interior Spaces

  • 1,568 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Gas Fireplace
  • Sliding Doors
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Tile Flooring
  • Dryer

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Dishwasher
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • 2 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • Automatic Gate
  • Assigned Parking

Pool

  • Heated In Ground Pool
  • In Ground Spa

Additional Features

  • Ground Level
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 652062008

Community Details

Overview

  • Association fees include trash
  • Palm Desert Tennis Club Subdivision
  • On-Site Maintenance
  • Planned Unit Development

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Sport Court
  • Bocce Ball Court
  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,010

Year Built

Built in 1973

Lot Details

0

HOA Fees

$871 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Attached/Detached: Yes
  • Property Orientation Faces: Leisure Faces East
  • Levels: One, Ground
  • Building Number Of Stories: 1
  • Included In Sale: washer and dryer.
  • List Price per Sq Ft: 347.58
  • Lp Sp Ratio: 0.9600
  • View Type: Mountain(s), Park/Green Belt
  • Year Built: 1973
  • Listing I D: 219088942
  • Listing Member Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Listing Office Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Selling Member Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Selling Office Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Land Type: Fee
  • Subdivision: Palm Desert Tennis Club
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Cooktop, Gas Range, Disposal, Dishwasher
  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Interior Amenities: Wet Bar
  • Fireplace Features: Gas
  • Flooring: Spanish Tile
  • Bedroom Features: Master Suite
  • Total Bedrooms: 3
  • Bathroom Features: Remodeled
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Eating Areas: Breakfast Counter/Bar, Dining Area
  • Kitchen Features: Tile Counters
  • Estimated Sq Ft: 1568.00

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Heated, Community
  • Pool Location: Community
  • Planned Unit Development: Yes
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Community
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Detached
  • Parking: Assigned
  • Total Covered Spaces: 1.00
  • Total Garage Spaces: 1.00
  • Total Parking Spaces: 2.00

Utilities

  • Cooling Type: Air Conditioning, Central Air
  • Heating: Fireplace(s), Forced Air
  • Security: Automatic Gate
  • Sewer: In, Connected and Paid

Association/Amenities

  • Community Features: Pickle Ball Courts
  • Association #1 Frequency: Monthly
  • Gated Community: Yes

Condo/Co-op/Association

  • Association Fees Include: Trash
  • Association Amenities: Bocce Ball Court, Tennis Courts, Sport Court, Maintenance Grounds, Fitness Center
  • HOA Information: Yes
  • HOA Fee 1: 871.00
  • Total Monthly Association Fees: 871.00
  • Unit Location: End Unit

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 652062008
  • Irrigation: Sprinkler System
  • Lot Description: Landscaped
  • Lot Size: 2178.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Unknown

Multi Family

  • Total Fireplaces: 1

MLS Schools

  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2023
Closed on
Feb 1, 2023
Sold by
Samuel And Lymari Russell Living Trust
Bought by
Club Rats Llc
Seller's Agent
Amirah Halum
Compass
Buyer's Agent
Amirah Halum
Compass
List Price
$545,000
Sold Price
$525,000
Premium/Discount to List
-$20,000
-3.67%
Total Days on Market
39
Views
29
Current Estimated Value
$533,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,129
Avg. Annual Appreciation
0.67%

Purchase Details

Closed on
Jan 27, 2022
Sold by
Hugh Russell Jr Samuel and Hugh Lymari
Bought by
Samuel And Lymari Russell Living Trust and Livi Lymari

Purchase Details

Listed on
Aug 10, 2019
Closed on
Feb 12, 2020
Sold by
Ratcliffe Drew Mathisen and Ratcliffe Claire Louise
Bought by
Russell Samuel Hugh and Russell Lymari
Seller's Agent
Corinne Zajac
Bennion Deville Homes
Buyer's Agent
Amirah Halum
Compass
List Price
$269,000
Sold Price
$243,000
Premium/Discount to List
-$26,000
-9.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.21%
Original Mortgage
$194,400
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2013
Sold by
Blatner Ernest J and Blatner Carol J
Bought by
Ratclife Drew Mathisen and Ratcliffe Claire Louise

Purchase Details

Closed on
Jan 28, 2003
Sold by
Wood Nathaniel D and Wood Linda J
Bought by
Wood Nathaniel D and Wood Linda

Purchase Details

Closed on
Apr 16, 2000
Sold by
Grader George T and Grader Robertson T
Bought by
Blatner Ernest J and Blatner Carol J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,875
Interest Rate
7.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 1998
Sold by
Pamplin R B and Pamplin Marilyn H
Bought by
Grader George and Robertson Kathleen T
Source: Public Records

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Range of Values:

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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
Club Rats Llc $525,000 Ticor Title
Samuel And Lymari Russell Living Trust -- New Title Company Name
Russell Samuel Hugh $243,000 Orange Coast Title Co
Ratclife Drew Mathisen $225,000 Orange Coast Title Co
Wood Nathaniel D -- --
Blatner Ernest J $186,500 Old Republic Title Company
Grader George $23,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Russell Samuel Hugh $194,400
Previous Owner Blatner Ernest J $139,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2023 02/14/23 Sold $525,000 -3.7% $335 / Sq Ft
01/05/2023 01/05/23 For Sale $545,000 +124.3% $348 / Sq Ft
03/11/2020 03/11/20 Sold $243,000 -2.4% $155 / Sq Ft
02/27/2020 02/27/20 Pending -- -- --
12/03/2019 12/03/19 Price Changed $249,000 -7.4% $159 / Sq Ft
08/10/2019 08/10/19 For Sale $269,000 -- $172 / 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
2023 $7,010 $255,435 $26,279 $229,156
2022 $3,377 $250,427 $25,764 $224,663
2021 $3,294 $245,517 $25,259 $220,258
2020 $3,433 $252,193 $63,045 $189,148
2019 $3,380 $247,249 $61,809 $185,440
2018 $3,315 $242,402 $60,599 $181,803
2017 $3,252 $237,650 $59,411 $178,239
2016 $3,180 $232,992 $58,247 $174,745
2015 $3,200 $229,494 $57,373 $172,121
2014 $3,142 $225,000 $56,250 $168,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219088942

California Desert Association of REALTORS®

APN: 652-062-008