NOT LISTED FOR SALE

516 Desert Way Unit 2 Palm Springs, CA 92264

Demuth Park Neighborhood

Estimated Value: $787,000 - $917,000

2 Beds
1 Bath
800 Sq Ft
10,019 Sq Ft Lot

Highlights

  • In Ground Pool
  • Mountain View
  • Tile Flooring
  • Palm Springs High School Rated A-
  • Living Room
  • 1-Story Property

About This Home

As of January 2021

Desert Way Apartments is a small 4 unit gated complex located just off Ramon. This unit is #2, and it has 2 Bed and 1 Bath. In the kitchen you will find granite counters, newer cabinets, newer appliances, plus a skylight, all windows are double pained, AC, and ceiling fans. The entire apartment is tiled and it comes complete with a stacked washer & dryer. Off street parking & a refreshing pool are for the tenants to enjoy.

Last Agent to Rent the Property

David Mercado Cruz

Xepco Properties License #02001006 Listed on: 12/18/2020

Last Renter's Agent

David Mercado Cruz

Xepco Properties License #02001006 Listed on: 12/18/2020

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,788

Year Built

  • Built in 1952

Lot Details

  • 10,019

Property Views

  • Mountain
  • Pool

Interior Spaces

  • 800 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Area
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Parking Space
  • 1 Parking Garage Space

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $1,395
  • Long Term Lease
  • Assessor Parcel Number 680034002

Community Details

Overview

  • Demuth Park Subdivision

Recreation

  • Community Pool

Condo Details

Home Type

Condominium

Est. Annual Taxes

$7,788

Year Built

Built in 1952

Lot Details

0

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple
  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Lease Term Timespan: Long Term
  • Credit Report Fee: 49.00
  • Security Deposit: 1395.00

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Property Attached/Detached: Yes
  • Levels: One
  • List Price per Sq Ft: 1.74
  • Lp Sp Ratio: 1.0000
  • View Type: Mountain(s), Pool
  • Year Built: 1952
  • Internal Listing I D: 20201218175026128872000000
  • Listing I D: 219054625
  • Listing Member Address: 73700 Dinah Shore Dr.#201, Palm Desert, CA 92211
  • Listing Office Address: 73700 Dinah Shore Dr., #201, Palm Desert, CA 92211
  • Listing Office Fax: (933) 933-6003
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 73700 Dinah Shore Dr.#201, Palm Desert, CA 92211
  • Selling Office Address: 73700 Dinah Shore Dr., #201, Palm Desert, CA 92211
  • Selling Office Fax: (933) 933-6003
  • Land Type: Fee
  • Subdivision: Demuth Park
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Estimated Sq Ft: 800.00

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Community, In Ground
  • Pool Location: Community
  • View: Yes

Garage/Parking

  • Total Parking Spaces: 1.00
  • Total Uncovered Assigned Spaces: 1.00

Utilities

  • Cooling Type: Central Air
  • Heating: Central
  • Sewer: Unknown

Lot Info

  • Assessor Parcel Number: 680034002
  • Lot Size: 10208.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2010
Sold by
Fannie Mae
Bought by
Laporta Cosimo and La Porta Loraleen Lennette
Current Estimated Value
$868,667

Purchase Details

Closed on
Nov 2, 2009
Sold by
Miller Michael Brian
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 19, 2006
Sold by
Mishriki Joseph and Yacoub Peter
Bought by
Pnj Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 2006
Sold by
Pnj Holding Llc
Bought by
Miller Michael Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2004
Sold by
Mishriki Joseph
Bought by
Mishrik Joseph and Yacoub Peter

Purchase Details

Closed on
Nov 17, 2003
Sold by
Iversen Dolores B
Bought by
Mishriki Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 8, 2002
Sold by
Iversen Dolores B
Bought by
Iversen Dolores B

Purchase Details

Closed on
Oct 26, 2001
Sold by
Iversen Dolores B
Bought by
Iversen Dolores B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 2000
Sold by
Iversen Dolores B
Bought by
Iversen Dolores B

Purchase Details

Closed on
Dec 15, 1997
Sold by
Mildred Huneycutt
Bought by
Iversen Dolores B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
7.13%
Mortgage Type
Commercial
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
Laporta Cosimo $425,000 Old Republic Title Company
Federal National Mortgage Association $543,786 Accommodation
Pnj Llc -- Southland Title Corporation
Miller Michael Brian $625,000 Southland Title Corporation
Mishrik Joseph -- --
Mishriki Joseph $442,000 Stewart Title Riverside
Iversen Dolores B -- --
Iversen Dolores B -- First American Title Co
Iversen Dolores B -- --
Iversen Dolores B $160,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Michael Brian $143,950
Previous Owner Miller Michael Brian $513,000
Previous Owner Miller Michael Brian $500,000
Previous Owner Mishriki Joseph $156,000
Previous Owner Mishriki Joseph $328,000
Previous Owner Iversen Dolores B $155,000
Previous Owner Iversen Dolores B $19,000
Previous Owner Iversen Dolores B $128,000
Closed Mishriki Joseph $40,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2021 01/08/21 Rented $1,395 0.0% --
12/18/2020 12/18/20 For Rent $1,395 -- --
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 $7,788 $548,580 $129,071 $419,509
2023 $7,788 $527,280 $124,060 $403,220
2022 $7,923 $516,942 $121,628 $395,314
2021 $7,785 $506,807 $119,244 $387,563
2020 $7,482 $501,612 $118,022 $383,590
2019 $7,371 $491,777 $115,708 $376,069
2018 $7,252 $482,136 $113,441 $368,695
2017 $7,159 $472,683 $111,217 $361,466
2016 $6,955 $463,416 $109,037 $354,379
2015 $6,642 $456,457 $107,400 $349,057
2014 $6,477 $447,518 $105,298 $342,220
Source: Public Records

Agents Affiliated with this Home

  • D

    Landlord's Agent in 2021

    David Mercado Cruz

    Xepco Properties

    (760) 345-8888

    37 Total Sales

    David Mercado Cruz
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219054625

California Desert Association of REALTORS®

APN: 680-034-002

California Riverside County Palm Springs 92264 Demuth Park

516 Desert Way Unit 2, Palm Springs, CA

This home is located at 516 Desert Way Unit 2, Palm Springs, CA 92264 since 18 December 2020 and is currently priced at $868,667. This property was built in 1952. 516 Desert Way Unit 2 is a home located in Riverside County with nearby schools including Cahuilla Elementary School, Raymond Cree Middle School, and Palm Springs 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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