NOT LISTED FOR SALE

48592 Oakwood Way Palm Desert, CA 92260

Estimated Value: $397,000 - $433,000

2 Beds
2 Baths
1,428 Sq Ft
$455/mo HOA Fee

Last Sold May 17, 2021

Last sale price $289,000 $202 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,055/month

Highlights

  • Retreat
  • Traditional Architecture
  • 1 Fireplace
  • Palm Desert High School Rated A
  • Secondary bathroom tub or shower combo
  • Corian Countertops

About This Home

As of May 2021

Remodeled two bedroom/two bath condo. New flooring, paint through out, bathrooms remodeled, new carpet in bedrooms, light fixtures and much more. Very quiet neighborhood and convenient to shopping, El Paseo, Restaurants.

Last Agent to Sell the Property

June Johnson

Keller Williams Realty License #01724093 Listed on: 05/01/2021

Keller Williams Realty

Last Buyer's Agent

June Johnson

Keller Williams Realty License #01724093 Listed on: 05/01/2021

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,208

Year Built

  • Built in 1978

Lot Details

  • North Facing Home
  • Sprinklers on Timer

HOA Fees

  • $455 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Tile Roof
  • Foam Roof
  • Stucco Exterior

Interior Spaces

  • 1,428 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Blinds
  • Entryway
  • Living Room
  • Breakfast Room
  • Formal Dining Room

Kitchen

  • Electric Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Corian Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Retreat
  • 2 Full Bathrooms
  • Double Vanity
  • Secondary bathroom tub or shower combo
  • Shower Only in Secondary Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • 1 Attached Carport Space
  • Guest Parking

Utilities

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

Additional Features

  • Concrete Porch or Patio
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 652180005

Community Details

Overview

  • Association fees include building & grounds
  • Sommerset South Palm Desert Subdivision

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,208

Year Built

Built in 1978

Lot Details

0

HOA Fees

$455 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Attached/Detached: Yes
  • Property Orientation Faces: Front Door Faces North
  • Levels: One
  • Building Style: Traditional
  • Entry Location: Ground Level w/Steps
  • Included In Sale: all appliances
  • List Price per Sq Ft: 202.38
  • Lp Sp Ratio: 1.0000
  • Water District Name: Coachella Valley Water District
  • Year Built: 1978
  • Listing I D: 219061391
  • Listing Member Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Listing Member Fax: (760) 285-2073
  • Listing Office Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Listing Office Fax: (760) 770-9510
  • Selling Member Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Selling Member Fax: (760) 285-2073
  • Selling Office Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Selling Office Fax: (760) 770-9510
  • Land Type: Fee
  • Subdivision: Sommerset South Palm Desert
  • Special Features: None

Interior Features

  • Appliances: Dryer, Electric Range, Microwave Oven, Water Line to Refrigerator, Washer, Refrigerator, Disposal, Dishwasher
  • Flooring: Carpet, Vinyl
  • Bedroom Features: Master Retreat
  • Total Bedrooms: 2
  • Bathroom Features: Double Vanity(s), Shower Stall, Shower & Tub
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Eating Areas: Breakfast Room, Formal Dining Room
  • Kitchen Features: Corian Counters
  • Laundry: In Closet
  • Estimated Sq Ft: 1428.00
  • Windows Treatments: Mini Blinds

Exterior Features

  • Construction: Stucco
  • Roofing: Foam, Tile
  • Foundation: Slab
  • Patio: Concrete Slab
  • Planned Unit Development: No

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Attached Carport
  • Total Carport Spaces: 1.00
  • Total Covered Spaces: 1.00
  • Total Garage Spaces: 1.00
  • Total Parking Spaces: 3.00

Utilities

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

Association/Amenities

  • Association #1 Frequency: Monthly
  • Pet Rules: Assoc Pet Rules

Condo/Co-op/Association

  • Association Fees Include: Building & Grounds
  • Association Amenities: Guest Parking, Pet Rules
  • HOA Information: Yes
  • HOA Fee 1: 455.00
  • Total Monthly Association Fees: 455.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 652180005
  • Irrigation: Sprinkler Timer
  • Lot Description: Level
  • Lot Size: 2614.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2021
Closed on
May 4, 2021
Sold by
Solomonson Thomas M and Solomonson Susan G
Bought by
Leavy Mark
Seller's Agent
June Johnson
Keller Williams Realty
Buyer's Agent
June Johnson
Keller Williams Realty
List Price
$289,000
Sold Price
$289,000
Current Estimated Value
$415,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,882
Avg. Annual Appreciation
8.79%

Purchase Details

Closed on
Aug 28, 2014
Sold by
Solomonson Thomas and Solomonson Susan
Bought by
The Thomas & Susan Solomonson Family Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 27, 2014
Closed on
Jul 16, 2014
Sold by
Solomonson Thomas and Solomonson Susan
Bought by
Solomonson Thomas M and Solomonson Susan G
Seller's Agent
Ken Reiley
HK Lane Real Estate
Buyer's Agent
Anne Alexander
Sold Price
$1,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2003
Sold by
Solomonson Gordon Mitchell and Solomonson Juanita Elaine
Bought by
Solomonson Thomas and Solomonson Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 14, 2002
Sold by
Solomonson Gordon Mitchell and Solomonson Juanita Elaine
Bought by
Solomonson Family Trust
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
Leavy Mark $289,000 Orange Coast Title Co
The Thomas & Susan Solomonson Family Tru -- Accommodation
Solomonson Thomas -- Fidelity National Title
Solomonson Thomas M -- None Available
Solomonson Thomas $180,000 Ticor Title Company
Solomonson Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Solomonson Thomas $158,000
Previous Owner Solomonson Thomas $126,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2021 05/17/21 Sold $289,000 0.0% $202 / Sq Ft
05/01/2021 05/01/21 Pending -- -- --
05/01/2021 05/01/21 For Sale $289,000 +15110.5% $202 / Sq Ft
09/23/2020 09/23/20 Sold $1,900 -99.3% $1 / Sq Ft
08/05/2020 08/05/20 Price Changed $289,000 -3.3% $202 / Sq Ft
04/30/2020 04/30/20 Price Changed $299,000 0.0% $209 / Sq Ft
04/04/2020 04/04/20 Rented $1,900 0.0% --
04/04/2020 04/04/20 For Rent $1,900 0.0% --
04/04/2020 04/04/20 For Sale $289,000 0.0% $202 / Sq Ft
09/19/2018 09/19/18 Rented $1,795 0.0% --
09/18/2018 09/18/18 Under Contract -- -- --
09/12/2018 09/12/18 Price Changed $1,795 -7.9% $1 / Sq Ft
01/12/2018 01/12/18 For Rent $1,950 0.0% --
01/09/2018 01/09/18 Under Contract -- -- --
12/18/2017 12/18/17 For Rent $1,950 +39.3% --
05/11/2015 05/11/15 Rented $1,400 -6.7% --
04/11/2015 04/11/15 Under Contract -- -- --
03/18/2015 03/18/15 For Rent $1,500 +3.4% --
06/04/2014 06/04/14 Rented $1,450 -3.0% --
05/05/2014 05/05/14 Under Contract -- -- --
03/27/2014 03/27/14 For Rent $1,495 -- --
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 $4,208 $312,820 $40,590 $272,230
2023 $4,208 $300,675 $39,015 $261,660
2022 $4,006 $294,780 $38,250 $256,530
2021 $3,268 $236,414 $59,096 $177,318
2020 $3,212 $233,991 $58,491 $175,500
2019 $3,157 $229,404 $57,345 $172,059
2018 $3,102 $224,907 $56,222 $168,685
2017 $3,044 $220,498 $55,120 $165,378
2016 $2,977 $216,176 $54,040 $162,136
2015 $2,986 $212,930 $53,229 $159,701
2014 $2,941 $208,762 $52,188 $156,574
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219061391

California Desert Association of REALTORS®

APN: 652-180-005