NOT LISTED FOR SALE

48571 Olympic Dr Palm Desert, CA 92260

Estimated Value: $963,652 - $1,434,000

3 Beds
3 Baths
2,349 Sq Ft
$488/Sq Ft Est. Value

Last Sold August 26, 2019

Last sale price $678,500 $289 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $7,158/month

157 Days on Market

Highlights

  • Heated In Ground Pool
  • Custom Home
  • Peek-A-Boo Views
  • Palm Desert High School Rated A
  • Updated Kitchen
  • Open Floorplan

About This Home

As of August 2019

New Price!!South Palm Desert living at its finest! Architecturally stunning home located in The Summit south Palm Desert on an over-sized lot The warmth of the entrance and stunning high ceilings as you enter, open to a entertainment patio. The eat-in kitchen is remodeled with stainless steel appliances, modern cabinets, onyz counter tops. This charming and sophisticated home features 3 bedrooms,and 3 bathrooms. The spacious backyard includes pool/spa and patio area featuring stack stone pool waterfall . The Summit offers low HOA fees of only $99/month that include basic cable, showtime & HBO.The Summit located above El Paseo and near Big Horn & Ironwood Country Clubs is one to call on today!

Last Agent to Sell the Property

Phyllis Cyphers

Desert Sotheby's International Realty License #01810454 Listed on: 02/21/2019

Last Buyer's Agent

John Jay

Bennion Deville Homes License #01151277

Bennion Deville Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,725

Year Built

  • Built in 1986

Lot Details

  • 0.28 Acre Lot
  • Cul-De-Sac
  • East Facing Home
  • Fenced
  • Landscaped
  • Premium Lot
  • Sprinkler System
  • Back Yard

HOA Fees

  • $99 Monthly HOA Fees

Home Design

  • Custom Home
  • Stucco Exterior

Interior Spaces

  • 2,349 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Partially Furnished
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Custom Window Coverings
  • Double Door Entry
  • Living Room with Fireplace
  • Travertine
  • Peek-A-Boo Views

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 3 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Parking

  • Attached Garage
  • 2 Carport Spaces
  • Circular Driveway

Pool

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

Outdoor Features

  • Stone Porch or Patio

Schools

  • Washington Charter Elementary School
  • Palm Desert Middle School
  • Palm Desert High School

Utilities

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

Community Details

  • Association fees include cable TV
  • Summit Subdivision
  • On-Site Maintenance

Listing and Financial Details

  • Assessor Parcel Number 652232006

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,725

Year Built

Built in 1986

Lot Details

0

HOA Fees

$99 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces East
  • Levels: Ground Level, No Unit Above, One
  • Builders Tract Code: Summit
  • Building Number Of Stories: 1
  • Entry Floor: 1
  • Included In Sale: furnished per inventory
  • List Price per Sq Ft: 304.34
  • Lp Sp Ratio: 0.9491
  • View Type: Peek-A-Boo
  • Water District Name: Coachella Water District
  • Year Built: 1986
  • Listing I D: 219005803
  • Listing Office Address: 74890 Highway 111, Indian Wells, CA 92210
  • Selling Member Address: 74-910 Highway 111, Indian Wells, CA 92210
  • Selling Member Fax: (888) 285-7280
  • Selling Office Address: 74-910 Highway 111, Indian Wells Main Office, Indian Wells, CA 92210
  • Selling Office Fax: (760) 773-3959
  • Land Type: Fee
  • Subdivision: Summit
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Cooktop, Microwave Oven, Washer, Refrigerator, Disposal, Dishwasher
  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Interior Amenities: High Ceilings (9 Ft+), Open Floorplan
  • Range Hood: Yes
  • Fireplace Features: Gas Log
  • Flooring: Travertine
  • Bedroom Features: Primary Suite
  • Total Bedrooms: 3
  • Bathroom Features: Remodeled
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Eating Areas: Breakfast Counter/Bar
  • Kitchen Features: Granite Counters, Remodeled
  • Laundry: In Garage
  • Estimated Sq Ft: 2349.00
  • Windows Treatments: Custom Window Covering

Exterior Features

  • Construction: Stucco
  • Other Features: Custom Built, Premium Lot
  • Patio: Rock - Stone
  • Pool: Yes
  • Pool Accessories: Waterfall
  • Pool Construction: In Ground
  • Pool Description: Heated
  • Pool Location: Private
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Heated
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Circular Driveway
  • Total Carport Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

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

Association/Amenities

  • Association #1 Frequency: Monthly
  • Association #2 Frequency: Monthly
  • Association #3 Frequency: Monthly
  • Pet Rules: Assoc Pet Rules, Call

Condo/Co-op/Association

  • Association Fees Include: Cable TV
  • Association Amenities: Maintenance Grounds
  • HOA Information: Yes
  • HOA Fee 1: 99.00
  • Total Monthly Association Fees: 99.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 652232006
  • Irrigation: Sprinkler System
  • Lot Acres: 0.2800
  • Lot Description: Back Yard, Utilities Underground, Landscaped, Fenced
  • Lot Location: Cul-De-Sac
  • Lot Size: 12197.00

Rental Info

  • Furnished: Partially
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 1

MLS Schools

  • Elementary School: Washington Charter
  • High School: Palm Desert
  • Junior Middle School: Palm Desert
  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2019
Closed on
Aug 8, 2019
Sold by
Gorman Michael Joseph
Bought by
Bodnar Ron D and Bodnar Sandra Lee
Seller's Agent
Phyllis Cyphers
Desert Sotheby's International Realty
Buyer's Agent
John Jay
Bennion Deville Homes
List Price
$725,000
Sold Price
$678,500
Premium/Discount to List
-$46,500
-6.41%
Current Estimated Value
$1,146,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$468,413
Avg. Annual Appreciation
9.32%
Original Mortgage
$542,800
Outstanding Balance
$473,056
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$684,841

Purchase Details

Closed on
Aug 11, 2011
Sold by
Ehrig Gary and Ehrig Cherrey
Bought by
Gorman Veronica M

Purchase Details

Closed on
Nov 19, 2010
Sold by
Gmac Mortgage Llc
Bought by
Ehrig Gary and Ehrig Cherrey

Purchase Details

Closed on
Oct 1, 2010
Sold by
Valenti Irene E
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Feb 15, 2007
Sold by
Valenti Irene E
Bought by
Valenti Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 19, 2004
Sold by
Valenti Irene E
Bought by
Iv Private Trust

Purchase Details

Closed on
May 19, 2003
Sold by
Button Louise M
Bought by
Valenti Irene E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,300
Interest Rate
5.71%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 3, 1994
Sold by
Button Richard and Button Louise M
Bought by
Button Richard R and Button Louise M
Source: Public Records

Range of Values:

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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
Bodnar Ron D $678,500 Orange Coast Title Company
Gorman Veronica M $550,000 Orange Coast Title Co
Ehrig Gary $399,000 Lsi Title Company
Gmac Mortgage Llc $432,000 Accommodation
Valenti Irene -- Security Union Title
Valenti Irene E -- Security Union Title
Iv Private Trust -- --
Valenti Irene E $459,000 Orange Coast Title Co
Button Richard R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bodnar Ron D $542,800
Previous Owner Gorman Veronica M $285,000
Previous Owner Valenti Irene E $600,000
Previous Owner Valenti Irene $250,000
Previous Owner Valenti Irene E $88,300
Previous Owner Valenti Irene E $321,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2019 08/26/19 Sold $678,500 -5.1% $289 / Sq Ft
07/28/2019 07/28/19 Pending -- -- --
05/30/2019 05/30/19 Price Changed $714,900 -1.4% $304 / Sq Ft
05/27/2019 05/27/19 For Sale $725,000 +6.9% $309 / Sq Ft
05/26/2019 05/26/19 Off Market $678,500 -- --
04/09/2019 04/09/19 Price Changed $725,000 -3.2% $309 / Sq Ft
02/21/2019 02/21/19 For Sale $748,880 -- $319 / 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 $9,725 $742,035 $65,616 $676,419
2023 $9,725 $713,222 $63,069 $650,153
2022 $9,226 $699,238 $61,833 $637,405
2021 $9,014 $685,528 $60,621 $624,907
2020 $8,804 $678,500 $60,000 $618,500
2019 $8,035 $619,281 $216,747 $402,534
2018 $7,886 $607,140 $212,498 $394,642
2017 $7,569 $575,000 $201,000 $374,000
2016 $7,533 $582,000 $204,000 $378,000
2015 $7,041 $536,000 $188,000 $348,000
2014 $6,979 $536,000 $188,000 $348,000
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Phyllis Cyphers

    Desert Sotheby's International Realty

  • J

    Buyer's Agent in 2019

    John Jay

    Bennion Deville Homes

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219005803

California Desert Association of REALTORS®

APN: 652-232-006

California Riverside County Palm Desert 92260

48571 Olympic Dr, Palm Desert, CA

This home is located at 48571 Olympic Dr, Palm Desert, CA 92260 since 21 February 2019 and is currently estimated at $1,146,913, approximately $488 per square foot. This property was built in 1986. 48571 Olympic Dr 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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