NOT LISTED FOR SALE

48590 Oakwood Way Palm Desert, CA 92260

Estimated Value: $437,000 - $518,000

2 Beds
2 Baths
1,428 Sq Ft
$440/mo HOA Fee

Last Sold January 28, 2020

Last sale price $310,000 $217 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,494/month

22 Days on Market

Highlights

  • In Ground Pool
  • Primary Bedroom Suite
  • Mountain View
  • Palm Desert High School Rated A
  • Updated Kitchen
  • Cathedral Ceiling

About This Home

As of January 2020

Priced to sell! Desirable South Palm Desert Development, Sommerset! Spectacular remodel with a Contemporary Modern Design. Luxury finishes throughout! Rebuilt from the ground up in 2016! This end unit offers fabulous Valley and Mountain views! 1428 sq ft, 2 bedroom, 2 baths. Floor plan joins living, dining, and kitchen areas together; perfect for entertaining. Large windows provide a bright and airy living space. Kitchen features beautiful granite counters, stainless steel appliances, gas range, white cabinetry with self close drawers and breakfast bar. Master suite offers modern vanity, sleek over sized walk in shower/beautifully tiled. Additional features include dual pane windows, custom butterfly shades, wood like flooring throughout and energy efficient Air Conditioner and Furnace. 3 outdoor seating area for enjoying the outdoors! Enjoy amazing Valley and Mountain views! This Modern designed condo offers the perfect indoor outdoor lifestyle the Desert is famous for! Full 2-car garage. Community features refreshing community pools, spa, pickle ball and tennis courts. Close to El Paseo shopping and dining. A MUST SEE! Desert Living at it BEST! Perfect Desert get away!

Last Agent to Sell the Property

Denise Francis

Coldwell Banker Realty License #01310492 Listed on: 12/17/2019

Coldwell Banker Realty

Last Buyer's Agent

Jon Fitzhenry

Capitis Real Estate License #02064896

Capitis Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,585

Year Built

  • Built in 1978

Lot Details

  • End Unit
  • Sprinkler System

HOA Fees

  • $440 Monthly HOA Fees

Property Views

  • Mountain
  • Valley

Home Design

  • Stucco Exterior

Interior Spaces

  • 1,428 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Recessed Lighting
  • 1 Fireplace
  • Custom Window Coverings
  • Living Room
  • Dining Area

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Breakfast Bar
  • Gas Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Pool

  • In Ground Pool
  • In Ground Spa
  • Gunite Spa
  • Gunite Pool

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 652180006

Community Details

Overview

  • Association fees include building & grounds
  • 193 Units
  • Sommerset South Palm Desert Subdivision
  • On-Site Maintenance
  • Greenbelt
  • Planned Unit Development

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Restriction

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,585

Year Built

Built in 1978

Lot Details

0

HOA Fees

$440 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Attached/Detached: Yes
  • Levels: One
  • List Price per Sq Ft: 220.59
  • Lp Sp Ratio: 0.9800
  • Unit Total In Complex: 193
  • View Type: Mountain(s), Valley
  • Water District Name: CVWD
  • Year Built: 1978
  • Listing I D: 219035536
  • Listing Member Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Member Fax: (760) 459-1023
  • Listing Office Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Office Fax: (760) 776-1666
  • Selling Member Address: 70227 Hwy 111, Rancho Mirage, CA 92270
  • Selling Office Address: 70227 Hwy 111, Rancho Mirage, CA 92270
  • Selling Office Fax: (760) 777-9091
  • Land Type: Fee
  • Subdivision: Sommerset South Palm Desert
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Range, Refrigerator, Washer
  • Interior Amenities: Cathedral Ceiling(s), Recessed Lighting
  • Flooring: Laminate, Wood
  • Bedroom Features: Master Suite
  • Total Bedrooms: 2
  • Bathroom Features: Remodeled, Tile Shower
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Eating Areas: Breakfast Counter/Bar, Breakfast Nook, Dining Area
  • Kitchen Features: Granite Counters, Remodeled
  • Laundry: Laundry Area
  • Estimated Sq Ft: 1428.00
  • Windows Treatments: Custom Window Covering

Exterior Features

  • Construction: Stucco
  • Patio: Concrete Slab, Covered
  • Pool: Yes
  • Pool Construction: Gunite, In Ground
  • Pool Description: Gunite, In Ground
  • Pool Location: Community
  • Planned Unit Development: Yes
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: Gunite, In Ground
  • Spa Hot Tub Description: Community
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Garage Door Opener
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • TV Svcs: Cable TV
  • Cooling Type: Air Conditioning, Central Air
  • Heating: Central, Forced Air
  • Heating Fuel: Natural Gas
  • Security: Community
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas

Association/Amenities

  • Community Features: Pickle Ball Courts
  • Association #1 Frequency: Monthly
  • Pet Rules: Assoc Pet Rules

Condo/Co-op/Association

  • Association Fees Include: Building & Grounds
  • Association Amenities: Greenbelt/Park, Maintenance Grounds, Tennis Courts
  • HOA Information: Yes
  • HOA Fee 1: 440.00
  • Total Monthly Association Fees: 440.00
  • Unit Location: End Unit

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 652180006
  • Irrigation: Sprinkler System
  • Lot Acres: 0.0600
  • Lot Size: 2614.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple
  • Rental Restrictions: Yes

Multi Family

  • Total Fireplaces: 1

MLS Schools

  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2021
Sold by
Crouse Jon Mark
Bought by
Crouse Jon Mark and Jon Mark Grouse Revocable Trus
Current Estimated Value
$478,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Outstanding Balance
$261,554
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$217,170

Purchase Details

Closed on
Apr 22, 2021
Sold by
Navarro Santiago Joel Cruz and Calenda Stuart Mark
Bought by
Crouse Jon Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Outstanding Balance
$261,554
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$217,170

Purchase Details

Listed on
Dec 17, 2019
Closed on
Jan 24, 2020
Sold by
Connolly Carol C
Bought by
Navarro Santlago Joel
Seller's Agent
Denise Francis
Coldwell Banker Realty
Buyer's Agent
Jon Fitzhenry
Capitis Real Estate
List Price
$315,000
Sold Price
$310,000
Premium/Discount to List
-$5,000
-1.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
Original Mortgage
$279,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 17, 2019
Closed on
Jan 23, 2020
Sold by
Claenda Stuart Mark
Bought by
Navarro Santiago Joel Cruz
Seller's Agent
Denise Francis
Coldwell Banker Realty
Buyer's Agent
Jon Fitzhenry
Capitis Real Estate
List Price
$315,000
Sold Price
$310,000
Premium/Discount to List
-$5,000
-1.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2010
Sold by
Connolly Carol C
Bought by
Connolly Carol C

Purchase Details

Closed on
May 15, 2006
Sold by
Gislason Harold B
Bought by
Connolly Carol C and Gislason Harold B

Purchase Details

Closed on
Jan 7, 2005
Sold by
Connolly Carol C
Bought by
Gislason Harold B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2005
Sold by
Utter Randall A and Utter Dorislee
Bought by
Gislason Harold B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2004
Sold by
Utter Randall A and Utter Dorislee K
Bought by
Utter Randall A and Utter Dorislee K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.77%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 4, 2003
Sold by
Utter Randall A and Utter Dorislee K
Bought by
Utter Randall A and Utter Dorislee K

Purchase Details

Closed on
May 16, 2003
Sold by
Stuart Dorislee K
Bought by
Utter Dorislee K and Utter Randall A
Source: Public Records

Range of Values:

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Average Value
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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
Crouse Jon Mark -- Accommodation
Crouse Jon Mark $395,000 Stewart Title Of Ca Inc
Navarro Santlago Joel $310,000 Chicago Title Inland Empire
Navarro Santiago Joel Cruz -- Chicago Title Company Ie
Navarro Santiago Joel Cruz -- None Available
Connolly Carol C -- None Available
Connolly Carol C -- None Available
Gislason Harold B -- Multiple
Gislason Harold B $270,000 Multiple
Utter Randall A -- Fidelity National Title Co
Utter Randall A -- Fidelity National Title Co
Utter Randall A -- --
Utter Dorislee K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crouse Jon Mark $288,000
Previous Owner Navarro Santiago Joel Cruz $285,000
Previous Owner Navarro Santiago Joel Cruz $279,000
Previous Owner Gislason Harold B $202,500
Previous Owner Utter Randall A $94,500
Previous Owner Utter Randall A $95,000
Previous Owner Stuart Dorislee K $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2020 01/28/20 Sold $310,000 -1.6% $217 / Sq Ft
01/08/2020 01/08/20 Pending -- -- --
12/17/2019 12/17/19 For Sale $315,000 -- $221 / 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 $5,585 $427,560 $135,304 $292,256
2023 $5,585 $410,958 $130,050 $280,908
2022 $5,330 $402,900 $127,500 $275,400
2021 $4,209 $347,677 $86,914 $260,763
2020 $3,584 $264,586 $66,414 $198,172
2019 $3,490 $256,880 $64,480 $192,400
2018 $3,371 $247,000 $62,000 $185,000
2017 $2,978 $215,000 $54,000 $161,000
2016 $1,526 $95,933 $60,000 $35,933
2015 $1,816 $225,000 $56,000 $169,000
2014 $2,932 $208,000 $52,000 $156,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219035536

California Desert Association of REALTORS®

APN: 652-180-006