NOT LISTED FOR SALE

48550 Olympic Dr Palm Desert, CA 92260

Estimated Value: $1,021,000 - $1,860,000

3 Beds
3.5 Baths
3,700 Sq Ft
$435/Sq Ft Est. Value

Sale Details

Date Sold: September 16, 2016

Last sale price $890,000 $241 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $9,799 / mo

179 Days on Market

Highlights

  • Heated In Ground Pool
  • Gourmet Kitchen
  • Updated Kitchen
  • Palm Desert High School Rated A
  • Primary Bedroom Suite
  • Open Floorplan

About This Home

As of September 2016

Reduced - Located on a quiet cul-de-sac high up in the SUMMIT South Palm Desert. Just minutes to El Paseo fine dining, shopping & entertainment. This custom built home shows true pride of ownership from the moment you enter the foyer & open great room with walls of glass offer a sense of privacy yet phenomenal vista & mountain views of the Eisenhower Peak, along with towering tongue & groove ceilings, tumbled edge travertine flooring, recessed lighting. Great-room kitchen with Viking & stainless steel appliances, slab granite counters & separate wine closet. Spacious master suite with stunning mountain views, hardwood flooring, walk-in closet with custom built-ins & gorgeous bath with marble countertops & tub surround with separate walk-in shower. Two spacious guest suites, with great separation for the ultimate in privacy. The spacious covered patio with built-in BBQ leads out to the private salt water pool & spa, outdoor shower & expansive mountain views.

Last Agent to Sell the Property

David Kibbey

Desert Sotheby's International Realty License #01341384 Listed on: 01/27/2016

Desert Sotheby's International Realty

Last Buyer's Agent

Wendi Brinson

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1987

Lot Details

  • 13,504 Sq Ft Lot
  • Block Wall Fence
  • Stucco Fence
  • Drip System Landscaping
  • Sprinklers on Timer
  • Private Yard
  • Lawn
  • Back and Front Yard

HOA Fees

  • $99 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Tile Roof
  • Concrete Roof
  • Stucco Exterior

Interior Spaces

  • 3,700 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • Wired For Sound
  • Built-In Features
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Log Fireplace
  • Custom Window Coverings
  • Double Door Entry
  • Sliding Doors
  • Great Room with Fireplace
  • Dining Room
  • Bonus Room
  • Utility Room
  • Travertine
  • Mountain Views

Kitchen

  • Gourmet Kitchen
  • Updated Kitchen
  • Breakfast Bar
  • Butlers Pantry
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Powder Room
  • Marble Bathroom Countertops
  • Double Vanity
  • Hydromassage or Jetted Bathtub
  • Secondary bathroom tub or shower combo

Parking

  • 2 Car Direct Access Garage
  • Driveway

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Saltwater Pool
  • Waterfall Pool Feature

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Property is located within a water district
  • Cable TV Available

Additional Features

  • Outdoor Grill
  • Ground Level

Community Details

  • Association fees include cable TV
  • Summit Subdivision

Listing and Financial Details

  • Assessor Parcel Number 652232010

Home Details

Home Type

Single Family

Year Built

Built in 1987

Lot Details

0.31 Acres

HOA Fees

$99 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: Ground Level, No Unit Above, One
  • Builders Tract Code: Summit
  • Building Number Of Stories: 1
  • Included In Sale: Furnishings per inventory negotiable outside of escrow.
  • List Price per Sq Ft: 256.49
  • Lp Sp Ratio: 0.9378
  • View Type: Mountain(s)
  • Water District Name: Coachella Valley WD
  • Year Built: 1987
  • Listing I D: 216002925
  • Listing Member Address: 74890 Highway 111, Indian Wells, CA 92210
  • Listing Member Fax: (760) 561-9333
  • Listing Office Address: 74890 Highway 111, Indian Wells, CA 92210
  • Selling Member Address: 74890 Highway 111, Indian Wells, CA 92210
  • Selling Member Fax: (760) 797-8059
  • Selling Office Address: 74890 Highway 111, Indian Wells, CA 92210
  • Land Type: Fee
  • Subdivision: Summit
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Great Room
  • Interior Amenities: Bar, Built-In Features, Cathedral Ceiling(s), High Ceilings (9 Ft+), Open Floorplan, Recessed Lighting, Surround Sound Wired, Wet Bar
  • Fireplace Features: Gas Log
  • Flooring: Travertine
  • Bedroom Features: Master Retreat, Master Suite, Walk In Closet
  • Total Bedrooms: 3
  • Bathroom Features: Double Vanity(s), Marble Counters, Powder Room, Remodeled, Shower & Tub, Tub With Jets
  • One Quarter Bathrooms: 1.00
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Eating Areas: Breakfast Counter/Bar, Dining Area
  • Kitchen Features: Gourmet Kitchen, Granite Counters, Island, Remodeled
  • Estimated Sq Ft: 3700.00
  • Windows Treatments: Custom Window Covering, Drapes

Exterior Features

  • Construction: Stucco
  • Other Features: Barbeque Private
  • Roofing: Concrete, Tile
  • Fencing: Block, Stucco Wall
  • Foundation: Slab
  • Pool: Yes
  • Pool Accessories: Waterfall
  • Pool Construction: In Ground
  • Pool Description: Heated, Salt Water
  • Pool Location: Private
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Heated, Heated - Gas, Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Direct Entrance, Driveway
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • TV Svcs: Cable TV
  • Cooling Type: Air Conditioning, Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: In, Connected and Paid
  • Water: Water District

Association/Amenities

  • Association #1 Frequency: Monthly
  • Pet Rules: Assoc Pet Rules, Call, Yes

Condo/Co-op/Association

  • Association Fees Include: Cable TV
  • HOA Information: Yes
  • HOA Fee 1: 99.00
  • Total Monthly Association Fees: 99.00
  • Unit Location: Ground Floor

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 652232010
  • Irrigation: Drip System, Sprinkler System, Sprinkler Timer
  • Lot Acres: 0.3100
  • Lot Description: Back Yard, Front Yard, Landscaped, Lawn, Utilities Underground, Yard
  • Lot Size: 13504.00

Rental Info

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

Tax Info

  • Mello Roos: Unknown

MLS Schools

  • Other Schools: Sacred Heart & Palm
  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2022
Sold by
Fore-Clevenger Doualas J
Bought by
Douglas J R Fore-Clevenger Trust
Current Estimated Value
$1,610,209

Purchase Details

Closed on
Apr 1, 2021
Sold by
Fore Clevenger Douglas J
Bought by
Fore Clevenger Douglas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2021
Sold by
Suduiko Kathleen and Estate Of Alan Paul Gile
Bought by
Fore Clevenger Douglas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 27, 2016
Closed on
Jul 29, 2016
Sold by
Ehrig Gary R and Ehrig Cherrey A
Bought by
Gile Alan and Fore Clevenger Douglas J
Seller's Agent
David Kibbey
Desert Sotheby's International Realty
Buyer's Agent
Wendi Brinson
List Price
$975,000
Sold Price
$890,000
Premium/Discount to List
-$85,000
-8.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$712,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 27, 2016
Closed on
Jul 25, 2016
Sold by
Tedeschi Peter M
Bought by
Fore Clevenger Douglas J
Seller's Agent
David Kibbey
Desert Sotheby's International Realty
Buyer's Agent
Wendi Brinson
List Price
$975,000
Sold Price
$890,000
Premium/Discount to List
-$85,000
-8.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 21, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Ehrig Gary R and Ehrig Cherrey A

Purchase Details

Closed on
Mar 20, 2008
Sold by
Poundris Dean and Poundris Connie
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Aug 20, 2007
Sold by
Poundris Dean
Bought by
Poundris Connie

Purchase Details

Closed on
Jun 13, 2005
Sold by
Mchugh Daniel J and Gluckman Gunnar
Bought by
Poundris Dean and Poundris Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
5.25%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 18, 2003
Sold by
Foote Dorothy
Bought by
Foote Family By Pass Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Douglas J R Fore-Clevenger Trust -- None Listed On Document
Fore Clevenger Douglas J -- Lawyers Title Company
Fore Clevenger Douglas J -- Lawyers Title
Gile Alan $890,000 Lawyers Title Company
Fore Clevenger Douglas J -- Lawyers Title
Gile Alan -- Lawyers Title
Ehrig Gary R $735,000 First American Title Company
Deutsche Bank National Trust Co $665,793 Accommodation
Poundris Connie -- None Available
Poundris Dean $925,000 First American Title Company
Foote Family By Pass Trust -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fore Clevenger Douglas J $548,250
Previous Owner Gile Alan $712,000
Previous Owner Poundris Dean $740,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2016 09/16/16 Sold $890,000 -6.2% $241 / Sq Ft
07/24/2016 07/24/16 Pending -- -- --
04/01/2016 04/01/16 Price Changed $949,000 -2.7% $256 / Sq Ft
03/10/2016 03/10/16 Price Changed $975,000 +2.7% $264 / Sq Ft
03/10/2016 03/10/16 Price Changed $949,000 -2.7% $256 / Sq Ft
01/27/2016 01/27/16 For Sale $975,000 -- $264 / Sq Ft
Source: California Desert Association of REALTORS®

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 $13,246 $1,045,690 $312,893 $732,797
2023 $13,246 $1,005,087 $300,744 $704,343
2022 $12,618 $985,381 $294,848 $690,533
2021 $11,869 $926,464 $277,938 $648,526
2020 $11,651 $916,966 $275,089 $641,877
2019 $11,758 $925,955 $277,786 $648,169
2018 $11,537 $907,800 $272,340 $635,460
2017 $11,302 $890,000 $267,000 $623,000
2016 $10,337 $815,531 $277,389 $538,142
2015 $10,368 $803,282 $273,223 $530,059
2014 $9,778 $763,000 $260,000 $503,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 216002925

California Desert Association of REALTORS®

APN: 652-232-010

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