NOT LISTED FOR SALE

48820 Shady View Dr Palm Desert, CA 92260

Estimated Value: $1,574,523 - $2,708,000

4 Beds
2 Baths
4,200 Sq Ft
$480/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $1,320,000 $314 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $12,239/month

70 Days on Market

Highlights

  • In Ground Pool
  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom Retreat
  • Palm Desert High School Rated A
  • Mountain View
  • Golf Cart Garage

About This Home

As of June 2023

A spectacular home in South Palm Desert! From the minute you enter this elegant home in the highly sought after Upper Summit neighborhood, you will be constantly reminded of the beautiful marriage of structure and efficiency. Imagine life in this 4200 sq. ft. home. With four bedrooms, each one ensuite, plus a powder room, there is plenty of room for privacy for your family and friends. Marble floors throughout. Granite island kitchen plus breakfast bar and counters. Warm yourself on chilly desert nights with fireplaces in the Living Room and Primary Suite. From your spacious back patio take in panoramic mountain views as you enjoy your resort like pool and spa. This home has a roomy garage with a special golf cart entrance. You'll find yourself an easy cart-ride away from Ironwood Country Club. Also, minutes from popular El Paseo shopping and restaurants, the McCallum Theater and the Living Desert. Homes HVAC system recently updated. Plus, very low HOA fees. This is a desert residence that personifies good living. Make sure you check out this Upper Summit home!

Last Agent to Sell the Property

Sally Long

HK Lane Real Estate License #01881555 Listed on: 03/03/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,215

Year Built

  • Built in 1990

Lot Details

  • 0.29 Acre Lot
  • Cul-De-Sac
  • Home has East and West Exposure
  • Landscaped
  • Paved or Partially Paved Lot
  • Sprinklers on Timer
  • Private Yard
  • Lawn
  • Back and Front Yard

HOA Fees

  • $111 Monthly HOA Fees

Property Views

  • Mountain
  • Pool

Home Design

  • Mediterranean Architecture
  • Slab Foundation
  • "S" Clay Tile Roof
  • Stucco Exterior

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Double Door Entry
  • Living Room with Fireplace
  • Formal Dining Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Gas Cooktop
  • Range Hood
  • Portable Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Trash Compactor

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Golf Cart Garage

Pool

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

Location

  • Ground Level

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • Summit Subdivision
  • Planned Unit Development

Listing and Financial Details

  • Assessor Parcel Number 652141025

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,215

Year Built

Built in 1990

Lot Details

0

HOA Fees

$111 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces West, Leisure Faces East
  • Levels: Ground
  • Building Number Of Stories: 2
  • Building Style: Mediterranean
  • Entry Location: Foyer
  • List Price per Sq Ft: 368.81
  • Lp Sp Ratio: 0.8500
  • View Type: Mountain(s), Pool
  • Year Built: 1990
  • Listing I D: 219091748
  • Listing Office Address: 78100 Main Street, Ste. 108, La Quinta, CA 92253
  • Listing Office Fax: (760) 541-4899
  • Selling Office Address: 200 N Sunrise Way Suite B, Palm Springs, CA 92262
  • Land Type: Fee
  • Subdivision: Summit
  • Special Features: None

Interior Features

  • Appliances: Portable Dishwasher, Gas Cooktop, Trash Compactor, Refrigerator
  • Fireplace: Yes
  • Fireplace Location: Living Room, Master Retreat
  • Range Hood: Yes
  • Fireplace Features: Gas Starter, Gas Log, Gas
  • Flooring: Carpet, Stone Tile
  • Bedroom Features: Master Suite
  • Total Bedrooms: 4
  • One Quarter Bathrooms: 1.00
  • Total Bathrooms: 5.00
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Eating Areas: Breakfast Counter/Bar, Kitchen Island, Formal Dining Room, Breakfast Nook
  • Kitchen Features: Granite Counters, Pantry, Island
  • Laundry: Individual Room
  • Estimated Sq Ft: 4200.00

Exterior Features

  • Construction: Stucco
  • Roofing: Clay Tile
  • Foundation: Slab
  • Pool: Yes
  • Pool Accessories: Waterfall
  • Pool Construction: In Ground
  • Pool Description: In Ground, Private
  • Pool Location: Private
  • Planned Unit Development: Yes
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Heated, Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Golf Cart Garage, Driveway, Garage Door Opener
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Cooling Type: Central Air, Zoned, Electric
  • Heating: Central, Zoned, Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: In Street Paid

Association/Amenities

  • Association #1 Frequency: Monthly

Condo/Co-op/Association

  • HOA Information: Yes
  • HOA Fee 1: 111.00
  • Total Monthly Association Fees: 111.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 652141025
  • Irrigation: Sprinkler System, Sprinkler Timer
  • Lot Description: Back Yard, Yard, Private, Street Paved, Landscaped, Lawn, Front Yard
  • Lot Location: Cul-De-Sac
  • Lot Size: 12632.00

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
Mar 3, 2023
Closed on
May 22, 2023
Sold by
Honsa Diana L
Bought by
Gharapetian Harmik and Ghazanfarpour Neda
Seller's Agent
Sally Long
HK Lane Real Estate
List Price
$1,599,000
Sold Price
$1,320,000
Premium/Discount to List
-$279,000
-17.45%
Views
11
Current Estimated Value
$2,016,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$696,881
Avg. Annual Appreciation
28.06%
Original Mortgage
$1,056,000
Outstanding Balance
$1,028,882
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$1,285,136

Purchase Details

Closed on
Jan 10, 2023
Sold by
Button Richard & Louise M Button Trust
Bought by
Honsa Diana L

Purchase Details

Closed on
Dec 27, 2002
Sold by
Button Louise M
Bought by
Kessler Louise M Button and Richard R Button & Louise M Button Trust

Purchase Details

Closed on
Oct 29, 2001
Sold by
Cannon Jacqueline J
Bought by
Button Louise M and The Richard R & Louise M Button Trust

Purchase Details

Closed on
Feb 22, 1997
Sold by
Cannon Sam and Cannon Jacqueline
Bought by
Cannon Jacqueline J and Cannon Samuel P
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
Gharapetian Harmik $1,320,000 None Listed On Document
Honsa Diana L -- --
Kessler Louise M Button -- --
Button Louise M $740,000 Orange Coast Title
Cannon Jacqueline J -- --
Cannon Jacqueline J -- --
Cannon Sam P -- --
Cannon Sam -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gharapetian Harmik $1,056,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2023 06/20/23 Sold $1,320,000 -14.8% $314 / Sq Ft
05/12/2023 05/12/23 Pending -- -- --
04/14/2023 04/14/23 Price Changed $1,549,000 -3.1% $369 / Sq Ft
03/03/2023 03/03/23 For Sale $1,599,000 -- $381 / 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 $17,215 $1,398,826 $412,000 $986,826
2023 $17,215 $1,450,000 $360,000 $1,090,000
2022 $13,112 $1,030,130 $257,525 $772,605
2021 $12,837 $1,009,932 $252,476 $757,456
2020 $12,600 $999,578 $249,888 $749,690
2019 $12,360 $979,980 $244,989 $734,991
2018 $12,125 $960,766 $240,186 $720,580
2017 $11,513 $912,000 $228,000 $684,000
2016 $11,095 $883,000 $221,000 $662,000
2015 $11,289 $883,000 $221,000 $662,000
2014 $11,172 $883,000 $221,000 $662,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219091748

California Desert Association of REALTORS®

APN: 652-141-025