NOT LISTED FOR SALE

48593 Oakwood Way Palm Desert, CA 92260

Estimated Value: $489,000 - $537,170

3 Beds
2 Baths
1,786 Sq Ft
$425/mo HOA Fee

Last Sold July 27, 2018

Last sale price $282,500 $158 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $3,540/month

136 Days on Market

About This Home

As of July 2018

Offered as turnkey furnished long term lease at $2,200/month or seasonal at $4,000/month. Somerset in South Palm Desert, a most desirable location. Close to El Paseo yet away from traffic noise. This 2 bedroom 2 bath unit, with office/den is in immaculate and updated condition. The large private master suite with king size bed occupies the entire second floor and has sweeping views of the mountains and city lights. Guest bedroom has king bed and access to rear patio through sliding glass door. Kitchen is updated and well equipped for entertaining and gourmet dining with new granite counters and upgraded appliances. Den/Office has full sized desk plus smart TV and WiFi. Single car garage is attached with additional attached covered carport plus extra parking for guests. Living room with new furniture and 55 inch smart TV. Rear patio overlooks adjacent pool and spa. There is a wonderful atrium that provides air and light. Tennis courts in community are available. Call to arrange viewing.

Last Agent to Sell the Property

Gretchen Erickson

Re/Max Desert Properties License #01983573 Listed on: 02/16/2018

Last Buyer's Agent

NonMember AgentDefault

NonMember OfficeDefault

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,235

Year Built

1978

Lot Details

0

HOA Fees

$425 per month

Parking

1

Listing Details

  • Cross Street: HWY 74 AND MESA VIEW
  • Entry Location: Ground Level - no steps, Main Level
  • Active Date: 2018-02-16
  • Full Bathroom: 2
  • Building Size: 1786.0
  • Building Structure Style: Bungalow
  • Driving Directions: South on Hwy 74 from Hwy 111 past Mesa View, then next right on Sommerset then next right on Oakwood, Home is on Left
  • Full Street Address: 48593 OAKWOOD WAY
  • Lot Location: Cul-De-Sac
  • Pool Construction: In Ground
  • Pool Descriptions: Community Pool, Heated, Association Pool
  • Primary Object Modification Timestamp: 2018-07-31
  • Spa Descriptions: Community
  • Unit Floor In Building: 1
  • View Type: City Lights View, Mountain View, Pool View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Built: 1978

Interior Features

  • Bedroom Features: Main Floor Bedroom, Master Bedroom, WalkInCloset
  • Eating Areas: Dining Area, Breakfast Area, Formal Dining Rm, Living Room
  • Appliances: Microwave, Range
  • Advertising Remarks: NEW PRICE! Exceptional Mountain Views!! Former Model Elevated. Tranquility defined! 3 Large Bedrooms..With it's close proximity to the shops on El Paseo in desired South Palm Desert and central valley location, this condo is a winner for all!! The mount
  • Total Bedrooms: 3
  • Builders Tract Code: 4220
  • Builders Tract Name: SOMMERSET SO. PALM D
  • Fireplace: No
  • Levels: Two Level
  • Playing Courts: Community, Tennis Court Private
  • Spa: Yes
  • Appliances: Dishwasher, Dryer, Garbage Disposal, Refrigerator, Washer
  • Floor Material: Wood
  • Laundry: Laundry in Closet
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 2614
  • Common Walls: Attached
  • Direction Faces: Faces West
  • Entry Floor: 1
  • Other Features: Balcony
  • Patio: Covered Porch, Concrete Slab, Covered

Garage/Parking

  • Carport Spaces: 1
  • Garage Spaces: 1.0
  • Total Parking Spaces: 2
  • Parking Type: Carport Attached, Garage, Parking for Guests

Utilities

  • Cooling Type: Air Conditioning
  • Heating Type: Central Furnace
  • Security: Smoke Detector

Condo/Co-op/Association

  • Amenities: Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Tennis Courts
  • HOA: Yes
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Building and Grounds
  • Association Rules: PetsPermitted, Assoc Pet Rules
  • Association Name: Sommerset
  • HOA Fees: 425.0

Lot Info

  • Lot Description: Landscaped

Multi Family

  • Total Floors: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2018
Closed on
Jul 3, 2018
Sold by
Kempster Brenda
Bought by
Newton Christopher W and Newton Marie E
Seller's Agent
Gretchen Erickson
Re/Max Desert Properties
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$349,000
Sold Price
$282,500
Premium/Discount to List
-$66,500
-19.05%
Current Estimated Value
$510,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,293
Avg. Annual Appreciation
8.69%

Purchase Details

Closed on
Mar 23, 2003
Sold by
Smirniotis Donald A and Smirniotis Jane K
Bought by
Kempster Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 1999
Sold by
Curtiss Advertising Inc
Bought by
Kornbluth Enterprises Inc

Purchase Details

Closed on
Aug 7, 1997
Sold by
Posselt Todd
Bought by
Smirniotis Donald A and Smirniotis Jane K

Purchase Details

Closed on
Sep 24, 1996
Sold by
Sommerset Partners
Bought by
Posselt Tod
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
Newton Christopher W $282,500 Chicago Title Company Ie
Kempster Brenda $205,000 Orange Coast Title Co
Kornbluth Enterprises Inc $145,000 First American Title Co
Smirniotis Donald A $123,000 First American Title Ins Co
Posselt Tod $125,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kempster Brenda $70,000
Previous Owner Kempster Brenda $215,000
Previous Owner Kempster Brenda $164,000
Closed Kempster Brenda $20,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2020 08/27/20 Rented $2,200 0.0% --
08/06/2020 08/06/20 Price Changed $2,200 -8.3% $1 / Sq Ft
04/21/2020 04/21/20 For Rent $2,400 0.0% --
05/07/2019 05/07/19 Rented $2,400 0.0% --
02/24/2019 02/24/19 Price Changed $2,400 +6.7% $1 / Sq Ft
11/25/2018 11/25/18 Price Changed $2,250 -35.7% $1 / Sq Ft
11/12/2018 11/12/18 For Rent $3,500 0.0% --
07/27/2018 07/27/18 Sold $282,500 -5.8% $158 / Sq Ft
05/29/2018 05/29/18 Price Changed $299,995 -6.0% $168 / Sq Ft
05/23/2018 05/23/18 Price Changed $318,999 -0.3% $179 / Sq Ft
05/20/2018 05/20/18 Price Changed $319,995 -1.5% $179 / Sq Ft
03/10/2018 03/10/18 Price Changed $324,900 -4.3% $182 / Sq Ft
03/03/2018 03/03/18 Price Changed $339,500 -2.7% $190 / Sq Ft
02/16/2018 02/16/18 For Sale $349,000 -- $195 / Sq Ft
Source: Palm Springs Regional 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 $4,235 $315,128 $78,779 $236,349
2023 $4,235 $302,893 $75,721 $227,172
2022 $4,032 $296,955 $74,237 $222,718
2021 $3,938 $291,133 $72,782 $218,351
2020 $3,870 $288,149 $72,036 $216,113
2019 $3,801 $282,500 $70,624 $211,876
2018 $3,300 $248,191 $62,043 $186,148
2017 $3,236 $243,326 $60,827 $182,499
2016 $3,162 $238,556 $59,635 $178,921
2015 $3,171 $234,976 $58,741 $176,235
2014 $3,208 $230,376 $57,592 $172,784
Source: Public Records

Agents Affiliated with this Home

  • Joan Castro

    Seller's Agent in 2020

    Joan Castro

    Keller Williams Realty

    (760) 250-2984

    28 Total Sales

    Joan Castro
    Section Image

  • G

    Seller's Agent in 2018

    Gretchen Erickson

    RE/MAX

    Section Image

  • N

    Buyer's Agent in 2018

    NonMember AgentDefault

    NonMember OfficeDefault

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Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 18-314304PS

APN: 652-180-008

California Riverside County Palm Desert 92260

48593 Oakwood Way, Palm Desert, CA

This home is located at 48593 Oakwood Way, Palm Desert, CA 92260 since 16 February 2018 and is currently estimated at $510,793, approximately $285 per square foot. This property was built in 1978. 48593 Oakwood Way is a home located in Riverside County with nearby schools including La Quinta Middle School, Palm Desert High School, and George Washington Charter School.

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