Seller's Agent in 2023
James Brennan
Brenson Realty, Inc.
(858) 442-9571
5 in this area
21 Total Sales
Estimated Value: $394,000 - $743,000
10
Beds
6
Baths
56,800
Sq Ft
$11/Sq Ft
Est. Value
Highlights
- Golf Course Community
- New Construction
- 4.8 Acre Lot
- Fitness Center
- Solar Power System
- Mountain View
About This Home
As of June 2023Welcome to Aspire a 32 unit condo project located in the beautiful, gated community of Indian Palms Country Club. Aspire is a community of 1 Duplex and 10 triplexes, all single-story. There are three floorplans ranging from 1,665 sf 3 beds/2baths to 1,882 sf 3 or 4 beds, 2 baths. Amenities exclusively for Aspire include a pool, spa, shade structures, 1/4 mile walking path, desert garden, private backyards, covered patios and much more. Interiors feature 9 foot ceilings, vinyl plank flooring, real wood cabinets, quartz counters, LED lighting, paid solar and stainless steel appliances. Amazing opportunity to own 32 long-term, seasonal or short term rentals. Located less than 1 mile from Empire Polo Club, Coachella and Stage Coach where all the music festivals are held. Tenants could walk or bike to the festivals in a few minutes. First phase construction of 17 homes will be completed in Sept 2022. Second phase construction of 15 homes will be completed late 2022 or early 2023. Call for your showing!
Last Agent to Sell the Property
Brenson Realty, Inc. License #01800344 Listed on: 06/17/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2022 | New Construction
Lot Details
- 4.8 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
- 614351022, 614351052
Parking
- 2 Car Garage
- Parking Available
Home Design
- Property Attached
- Entry on the 1st floor
- Planned Development
- Concrete Roof
Interior Spaces
- 56,800 Sq Ft Home
- 1-Story Property
- Mountain Views
- Laundry Room
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient HVAC
- Energy-Efficient Insulation
- Energy-Efficient Thermostat
- Solar Power System
- Water-Smart Landscaping
Utilities
- Central Heating and Cooling System
- High-Efficiency Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for all utilities, cable TV, gas, insurance
- Tax Lot 5
- Tax Tract Number 14690
- Assessor Parcel Number 614351021
- $1 per year additional tax assessments
Community Details
Overview
- 11 Buildings
- 32 Units
- Indian Palms Subdivision
Amenities
- Outdoor Cooking Area
- Clubhouse
Recreation
- Golf Course Community
- Tennis Courts
- Fitness Center
- Community Pool
- Community Spa
- Bike Trail
Building Details
- 32 Separate Electric Meters
- 32 Separate Gas Meters
- 32 Separate Water Meters
- Electric Expense $6,000
- Gardener Expense $12,000
- Insurance Expense $2,000
- Pest Control $2,000
- Pool Expense $3,600
- Professional Management Expense $65,000
- Trash Expense $9,000
- Water Sewer Expense $6,000
- Operating Expense $409,500
- Gross Income $1,365,000
- Net Operating Income $887,250
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 6, 2023
Sold by
1979 Ehrlich Investment Trust
Bought by
1979 Ehrlich Investment Trust and Laski
Current Estimated Value
Purchase Details
Closed on
Apr 24, 2023
Sold by
Indian Palms 32 Inc
Bought by
1979 Ehrlich Investment Trust and Laski
Purchase Details
Listed on
Nov 26, 2019
Closed on
Dec 1, 2020
Sold by
Schulte Bruce J and Schulte Sharron L
Bought by
Indian Palms 32 Inc
Seller's Agent
Patricia Villanueva
NON-MEMBER/NBA or BTERM OFFICE
Buyer's Agent
Patricia Villanueva
NON-MEMBER/NBA or BTERM OFFICE
List Price
$475,000
Sold Price
$425,000
Premium/Discount to List
-$50,000
-10.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.45%
Purchase Details
Closed on
Nov 10, 2016
Sold by
Dick Carr Llc
Bought by
Schulte Bruce J and Schulte Sharron L
Purchase Details
Closed on
Jun 11, 2015
Sold by
Dick Carr Llc
Bought by
Desert Pools Rv & Resort Llc
Purchase Details
Closed on
Apr 19, 1999
Sold by
Floyd Ben B
Bought by
San Bernardino Riverside Base Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.13%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1979 Ehrlich Investment Trust | -- | None Listed On Document | |
| 1979 Ehrlich Investment Trust | $9,500,000 | Stewart Title | |
| Indian Palms 32 Inc | $425,000 | Corinthian Title Company | |
| Schulte Bruce J | $390,000 | Accommodation | |
| Desert Pools Rv & Resort Llc | -- | None Available | |
| San Bernardino Riverside Base Llc | -- | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | San Bernardino Riverside Base Llc | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/29/2023 06/29/23 | Sold | $16,500,000 | -13.1% | $290 / Sq Ft | |
| 10/03/2022 10/03/22 | Pending | -- | -- | -- | |
| 06/17/2022 06/17/22 | For Sale | $18,990,000 | +4368.2% | $334 / Sq Ft | |
| 12/16/2020 12/16/20 | Sold | $425,000 | 0.0% | -- | View Prior Sale |
| 11/26/2020 11/26/20 | Off Market | $425,000 | -- | -- | |
| 11/25/2020 11/25/20 | Pending | -- | -- | -- | |
| 07/14/2020 07/14/20 | Price Changed | $425,000 | -10.5% | -- | |
| 03/09/2020 03/09/20 | For Sale | $475,000 | 0.0% | -- | |
| 02/06/2020 02/06/20 | Pending | -- | -- | -- | |
| 01/21/2020 01/21/20 | Price Changed | $475,000 | -17.4% | -- | |
| 11/26/2019 11/26/19 | For Sale | $575,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,856 | $608,634 | $156,060 | $452,574 |
| 2023 | $7,856 | $241,816 | $13,816 | $228,000 |
| 2022 | $185 | $13,554 | $13,554 | $0 |
| 2021 | $182 | $13,289 | $13,289 | $0 |
| 2020 | $201 | $21,986 | $21,986 | $0 |
| 2019 | $281 | $21,555 | $21,555 | $0 |
| 2018 | $275 | $21,133 | $21,133 | $0 |
| 2017 | $451 | $20,719 | $20,719 | $0 |
| 2016 | $421 | $6,701 | $6,701 | $0 |
| 2015 | $312 | $6,601 | $6,601 | $0 |
| 2014 | $307 | $6,473 | $6,473 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
James Brennan
-
Josh Kaplan
Buyer's Agent in 2023
Josh Kaplan
Equity Union
(213) 430-2524
1 in this area
13 Total Sales
-
P
Seller's Agent in 2020
Patricia Villanueva
NON-MEMBER/NBA or BTERM OFFICE
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW22131511
APN: 614-353-016
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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