NOT LISTED FOR SALE

50245 Mountain Shadows Rd La Quinta, CA 92253

Estimated Value: $1,217,000 - $1,596,000

3 Beds
3 Baths
3,100 Sq Ft
$451/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $1,375,000 $444 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $9,205/month

4 Days on Market

Highlights

  • In Ground Pool
  • Gated Community
  • 3 Car Attached Garage
  • Panoramic View
  • Great Room
  • Forced Air Heating and Cooling System

About This Home

As of October 2021

Completely remodeled 3 bed 3 bath 3100sqft south la quinta home. Elevated lot highlights the panoramic mountain views from the living area, back yard, pool and master bedroom. Enjoy low hoa dues and lower power rates being in the imperial irrigation district.

Last Agent to Sell the Property

Joey Arsanto

Windermere Homes & Estates License #01850215 Listed on: 09/25/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,468

Year Built

  • Built in 1991

Lot Details

  • 0.31 Acre Lot
  • Sprinkler System

HOA Fees

  • $250 Monthly HOA Fees

Property Views

  • Panoramic
  • Mountain

Interior Spaces

  • 3,100 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Automatic Gate

Pool

  • In Ground Pool
  • In Ground Spa
  • Outdoor Pool

Additional Features

  • Ground Level
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 776011006

Community Details

Overview

  • Painted Cove Subdivision
  • On-Site Maintenance

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,468

Year Built

Built in 1991

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: Yes
  • Levels: One, Ground
  • Building Number Of Stories: 1
  • List Price per Sq Ft: 435.48
  • Lp Sp Ratio: 1.0200
  • View Type: Mountain(s), Panoramic
  • Year Built: 1991
  • Listing I D: 219068073
  • Listing Office Address: 73-725 El Paseo Dr., Ste 23A, Palm Desert, CA 92260
  • Selling Office Address: 74-199 El Paseo, Suite 200, Palm Desert, CA 92260
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Painted Cove
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Fireplace Features: Gas
  • Flooring: Vinyl
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Estimated Sq Ft: 3100.00

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: In Ground
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Covered, Garage Door Opener
  • Total Covered Spaces: 3.00
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Cooling Type: Air Conditioning, Central Air
  • Heating: Forced Air
  • Security: Automatic Gate
  • Sewer: In, Connected and Paid

Association/Amenities

  • Association #1 Frequency: Monthly
  • Gated Community: Yes

Condo/Co-op/Association

  • Association Amenities: Maintenance Grounds
  • HOA Information: Yes
  • HOA Fee 1: 250.00
  • Total Monthly Association Fees: 250.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 776011006
  • Irrigation: Sprinkler System
  • Lot Size: 13503.00

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
Sep 25, 2021
Closed on
Oct 21, 2021
Sold by
Roll Sparrow Llc
Bought by
Hankin Steven Marc and Hankin Lisa Bush
Seller's Agent
Joey Arsanto
Windermere Homes & Estates
List Price
$1,349,999
Sold Price
$1,375,000
Premium/Discount to List
$25,001
1.85%
Current Estimated Value
$1,398,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,772
Avg. Annual Appreciation
0.43%
Original Mortgage
$893,750
Outstanding Balance
$810,795
Interest Rate
2.45%
Mortgage Type
New Conventional
Estimated Equity
$587,977

Purchase Details

Listed on
Feb 5, 2021
Closed on
Feb 19, 2021
Sold by
King Edwin J and King Family Trust
Bought by
Roll Sparrow Llc
Seller's Agent
Anthony Holland
Bennion Deville Homes
Buyer's Agent
David Goldberg
Coldwell Banker Realty
List Price
$749,000
Sold Price
$703,000
Premium/Discount to List
-$46,000
-6.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
185.25%
Original Mortgage
$632,700
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 1993
Sold by
King E J and King Eleanor
Bought by
King Edwin J and King Eleanor M
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
Hankin Steven Marc $1,375,000 Fidelity Natl Ttl Inland Emp
Roll Sparrow Llc $703,000 Fidelity National Title Co
King Edwin J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hankin Steven Marc $893,750
Previous Owner Roll Sparrow Llc $632,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2021 10/28/21 Sold $1,375,000 +1.9% $444 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
09/25/2021 09/25/21 For Sale $1,349,999 +92.0% $435 / Sq Ft
03/09/2021 03/09/21 Sold $703,000 -6.1% $227 / Sq Ft View Prior Sale
03/08/2021 03/08/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $749,000 -- $242 / 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 $18,468 $1,459,160 $366,116 $1,093,044
2023 $18,468 $1,402,500 $351,900 $1,050,600
2022 $17,631 $1,375,000 $345,000 $1,030,000
2021 $9,408 $720,720 $200,191 $520,529
2020 $9,231 $713,331 $198,139 $515,192
2019 $9,048 $699,345 $194,254 $505,091
2018 $8,862 $685,634 $190,446 $495,188
2017 $8,701 $672,191 $186,712 $485,479
2016 $8,509 $659,011 $183,051 $475,960
2015 $8,538 $649,113 $180,302 $468,811
2014 $8,398 $636,400 $176,771 $459,629
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219068073

California Desert Association of REALTORS®

APN: 776-011-006