NOT LISTED FOR SALE

505 Desert Falls Dr N Palm Desert, CA 92211

Desert Falls Neighborhood

Estimated Value: $499,000 - $569,000

3 Beds
3 Baths
2,236 Sq Ft
$568/mo HOA Fee

Last Sold December 17, 2020

Last sale price $352,000 $157 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,965/month

37 Days on Market

Highlights

  • On Golf Course
  • Heated In Ground Pool
  • Gated Community
  • Fitness Center
  • Senior Community
  • Living Room with Fireplace

About This Home

As of December 2020

A townhouse on the golf course, for $350,000? Wow! Great townhouse, located on the 15th fairway of the stunning Desert Falls Country Club golf course, with that sought after South exposure! Large living/dining area, spacious kitchen with island and cozy nook and one bedroom/one bathroom are located on ground floor. A dramatic spiral staircase leads to a spacious loft, one more guest bedroom/bath and an over-sized master suite with private balcony! There is a two car garage with newer roll up door, newer HVAC unit, newer water heater and much more! These town home plans are wonderful ... you get the space and square footage of a home, with the ease of condo living! Would also make a fantastic vacation rental! Hurry, this unit will not last at this price!

Last Agent to Sell the Property

Valery Neuman Team

Compass License #01138184 Listed on: 11/09/2020

Compass

Last Buyer's Agent

Linda Medley

Seven Gables Real Estate License #01240302

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,252

Year Built

  • Built in 1989

Lot Details

  • On Golf Course
  • South Facing Home

HOA Fees

  • $568 Monthly HOA Fees

Property Views

  • Golf Course
  • Mountain

Home Design

  • Mediterranean Architecture
  • Turnkey
  • Tile Roof

Interior Spaces

  • 2,236 Sq Ft Home
  • 1-Story Property
  • Gas Log Fireplace
  • Living Room with Fireplace
  • 2 Fireplaces
  • Den

Kitchen

  • Breakfast Area or Nook
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Driveway

Pool

  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Concrete Porch or Patio

Utilities

  • Forced Air Heating and Cooling System
  • Property is located within a water district
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 626291031

Community Details

Overview

  • Senior Community
  • Association fees include building & grounds, security, maintenance paid, cable TV
  • Desert Falls Country Club Subdivision, Townhouse Floorplan
  • On-Site Maintenance
  • Planned Unit Development

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Resident Manager or Management On Site
  • 24 Hour Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,252

Year Built

Built in 1989

Lot Details

0

HOA Fees

$568 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Attached/Detached: Yes
  • Property Orientation Faces: Front Door Faces South, Leisure Faces South
  • Levels: Two
  • Builder Model Name: Townhouse
  • Builders Tract Code: Desert Falls C.C.
  • Building Number Of Stories: 1
  • Building Style: Mediterranean
  • List Price per Sq Ft: 156.53
  • Lp Sp Ratio: 1.0100
  • View Type: Golf Course, Mountain(s)
  • Water District Name: CVWD
  • Year Built: 1989
  • Listing I D: 219052794
  • Listing Member Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Listing Member Fax: (760) 776-9374
  • Listing Office Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Post Direction: N
  • Selling Office Address: 625 S Myrtle Ave, Monrovia, CA 91016
  • Land Type: Fee
  • Subdivision: Desert Falls Country Club
  • Special Features: None

Interior Features

  • Appliances: Dryer, Washer, Refrigerator, Disposal, Dishwasher, Gas/Elec Dryer Hookup
  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Fireplace Features: Gas Log
  • Flooring: Carpet, Ceramic Tile
  • Bedroom Features: Walk In Closet
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Eating Areas: Breakfast Nook
  • Laundry: Individual Room
  • Estimated Sq Ft: 2236.00

Exterior Features

  • Other Features: Balcony
  • Roofing: Tile
  • Patio: Concrete Slab
  • Pool: Yes
  • Pool Accessories: Unknown
  • Pool Construction: In Ground
  • Pool Description: Heated
  • Pool Location: Community
  • Planned Unit Development: Yes
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Community
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Driveway
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • TV Svcs: Cable TV
  • Cooling Type: Air Conditioning, Central Air
  • Heating: Forced Air
  • Security: 24 Hour Security
  • Sewer: In, Connected and Paid
  • Water: Water District

Association/Amenities

  • Community Features: Golf Course Within Development
  • Association #1 Frequency: Monthly
  • Gated Community: Yes
  • Golf Course Within Development: Yes

Condo/Co-op/Association

  • Association Fees Include: Building & Grounds, Security, Maintenance Paid, Cable TV
  • Association Amenities: Fitness Center, Tennis Courts, Management, Maintenance Grounds
  • HOA Information: Yes
  • HOA Fee 1: 568.00
  • Senior Community: Yes
  • Total Monthly Association Fees: 568.00

Lot Info

  • Assessor Parcel Number: 626291031
  • Lot Acres: 0.0699
  • Lot Location: On Golf Course
  • Lot Size: 3049.00

Rental Info

  • Furnished: Turnkey
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Yes

Multi Family

  • Total Fireplaces: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2023
Sold by
Mihm Benjamin M
Bought by
Benjamin M Mihm Revocable Trust and Mihm
Current Estimated Value
$535,761

Purchase Details

Closed on
Apr 14, 2021
Sold by
Mihm Benjamin Martin
Bought by
Mihm Benjamin M and Mihm Michele R

Purchase Details

Listed on
Nov 9, 2020
Closed on
Jan 13, 2021
Sold by
Albo Robert James and Albo Marjorie Stanley
Seller's Agent
Valery Neuman Team
Compass
Buyer's Agent
Linda Medley
Seven Gables Real Estate
List Price
$350,000
Sold Price
$352,000
Premium/Discount to List
$2,000
0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.80%
Original Mortgage
$280,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 9, 2020
Closed on
Dec 18, 2020
Sold by
Mihm Michele
Bought by
Mihm Benjamin Martin
Seller's Agent
Valery Neuman Team
Compass
Buyer's Agent
Linda Medley
Seven Gables Real Estate
List Price
$350,000
Sold Price
$352,000
Premium/Discount to List
$2,000
0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 9, 2020
Closed on
Dec 8, 2020
Sold by
Mihm Michelle
Bought by
Mihm Benjamin Martin
Seller's Agent
Valery Neuman Team
Compass
Buyer's Agent
Linda Medley
Seven Gables Real Estate
List Price
$350,000
Sold Price
$352,000
Premium/Discount to List
$2,000
0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 9, 2020
Closed on
Nov 20, 2020
Sold by
Robert & Marjorie Albo Trust and Robert & Marjorie Albo Trust
Bought by
Mihm Benjamin Martin
Seller's Agent
Valery Neuman Team
Compass
Buyer's Agent
Linda Medley
Seven Gables Real Estate
List Price
$350,000
Sold Price
$352,000
Premium/Discount to List
$2,000
0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2009
Sold by
Albo Family Limited Partnership
Bought by
Albo Robert J and Albo Marjorie S

Purchase Details

Closed on
Apr 26, 2005
Sold by
Sutherland Charles and Sutherland Dale
Bought by
Albo Family Lp

Purchase Details

Closed on
Feb 12, 2002
Sold by
Sorenson Stanley D and Sorenson Darlene L
Bought by
Sutherland Charles and Sutherland Dale

Purchase Details

Closed on
Mar 5, 1999
Sold by
Warren Lemmon Guy and Warren Garret Lemmon
Bought by
Sorenson Stanley D and Sorenson Darlene L
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
Benjamin M Mihm Revocable Trust -- None Listed On Document
Mihm Benjamin M -- None Listed On Document
Mihm Benjamin M -- Accommodation
-- -- --
Mihm Benjamin Martin -- Lawyers Title Ie
Mihm Benjamin Martin -- Lawyers Title
Mihm Benjamin Martin $352,000 Lawyers Title
Albo Robert J -- None Available
Albo Family Lp $600,000 Fidelity National Title Ins
Sutherland Charles $310,000 Stewart Title
Sorenson Stanley D $267,500 Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mihm Benjamin Martin $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2020 12/17/20 Sold $352,000 +0.6% $157 / Sq Ft
11/09/2020 11/09/20 For Sale $350,000 -- $157 / 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 $5,252 $381,013 $56,827 $324,186
2023 $5,252 $366,220 $54,621 $311,599
2022 $4,934 $359,040 $53,550 $305,490
2021 $4,803 $352,000 $52,500 $299,500
2020 $5,744 $432,765 $144,612 $288,153
2019 $5,589 $420,160 $140,400 $279,760
2018 $5,392 $404,000 $135,000 $269,000
2017 $5,176 $387,000 $129,000 $258,000
2016 $5,325 $402,000 $134,000 $268,000
2015 $5,179 $383,000 $128,000 $255,000
2014 $5,062 $381,000 $127,000 $254,000
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2020

    Valery Neuman Team

    Compass

    (760) 249-2120

    23 in this area

    29 Total Sales

    Section Image

  • L

    Buyer's Agent in 2020

    Linda Medley

    Seven Gables Real Estate

    (626) 355-2384

    1 in this area

    32 Total Sales

    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219052794

California Desert Association of REALTORS®

APN: 626-291-031

California Riverside County Palm Desert 92211 Desert Falls

505 Desert Falls Dr N, Palm Desert, CA

This home is located at 505 Desert Falls Dr N, Palm Desert, CA 92211 since 09 November 2020 and is currently estimated at $535,761, approximately $239 per square foot. This property was built in 1989. 505 Desert Falls Dr N is a home located in Riverside County with nearby schools including James Earl Carter Elementary School, Colonel Mitchell Paige Middle School, and Palm Desert High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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