NOT LISTED FOR SALE

Estimated Value: $5,313,000 - $9,202,000

5 Beds
5.5 Baths
7,015 Sq Ft
$1,072/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $6,625,000 $944 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $47,734/month

17 Days on Market

Highlights

  • Lake Front
  • Golf Course Community
  • Indoor Spa
  • Attached Guest House
  • Wine Cellar
  • Heated In Ground Pool

About This Home

As of October 2020

Welcome to The Madison Club! This stunning contemporary home built by Rucker Muth Luxury Builders offers awe inspiring views of the Santa Rosa Mountains with 5 bedrooms, 5 full / 1 half baths and 7,015 sq. ft. The chef's kitchen showcases top of the line Wolf Appliances, Burl Wood Cabinetry, a butler's pantry and oversized island all overlooking the great room. A gorgeous wall of onyx surrounds the fireplace and custom built-in's. Take in the views from the luxurious master suite that includes a large soaking tub, oversized shower and separate his and hers vanities. Additional guest suites and media room complete this home along with its numerous custom features. Pocketing doors lead you towards the expansive back yard with a 50' lap pool, spa and water feature with custom lighting. Perfect for entertaining, this home has a great indoor / outdoor vibe with high ceilings and custom wood panels throughout with access to the World Class Tom Fazio Golf Course.

Last Agent to Sell the Property

Glenn Cassell

Madison Club Properties License #01953599 Listed on: 10/06/2020

Co-Listed By

Unknown Member

Last Buyer's Agent

Glenn Cassell

Madison Club Properties License #01953599 Listed on: 10/06/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $95,865

Year Built

  • Built in 2015

Lot Details

  • 0.55 Acre Lot
  • Lake Front
  • Home has North and South Exposure
  • Landscaped
  • Paved or Partially Paved Lot
  • Irregular Lot
  • Sprinkler System
  • Back Yard

HOA Fees

  • $1,350 Monthly HOA Fees

Property Views

  • Lake
  • Panoramic
  • Golf Course
  • Mountain

Home Design

  • Custom Home
  • Contemporary Architecture
  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

  • 7,015 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Wet Bar
  • Furnished
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Bar
  • High Ceiling
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Blinds
  • Sliding Doors
  • Formal Entry
  • Wine Cellar
  • Great Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Indoor Spa

Kitchen

  • Gourmet Kitchen
  • Walk-In Pantry
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Instant Hot Water

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Secondary bathroom tub or shower combo

Laundry

  • Laundry Room
  • Washer
  • 220 Volts In Laundry

Home Security

  • Prewired Security
  • Smart Home
  • Fire and Smoke Detector

Parking

  • 4 Car Direct Access Garage
  • Driveway
  • Automatic Gate

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Outdoor Pool
  • Gunite Spa

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Water Fountains
  • Outdoor Fireplace
  • Fire Pit
  • Built-In Barbecue

Additional Homes

  • Attached Guest House
  • Fireplace in Guest House

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • 220 Volts in Garage
  • 220 Volts in Kitchen
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Additional Features

  • Energy-Efficient Construction
  • Property is near a clubhouse

Listing and Financial Details

  • Assessor Parcel Number 779410028

Community Details

Overview

  • Association fees include security
  • The Madison Subdivision
  • Planned Unit Development

Recreation

  • Golf Course Community

Security

  • Controlled Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$95,865

Year Built

Built in 2015

Lot Details

0

HOA Fees

$1,350 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces North, Leisure Faces South
  • Levels: Two
  • Builders Tract Code: The Madison
  • Building Number Of Stories: 4
  • Building Style: Contemporary
  • Casita Features Other: see marketing remarks
  • Entry Location: Foyer
  • Included In Sale: Furnishings per Seller's Written Inventory
  • List Price per Sq Ft: 990.73
  • Lp Sp Ratio: 0.9500
  • View Type: Golf Course, Panoramic, Mountain(s), Lake
  • Water District Name: CVWD
  • Year Built: 2015
  • Co Listing Office Address: 9454 Wilshire Blvd., Suite 400, Beverly Hills, CA 90212
  • Listing I D: 219050896
  • Listing Member Address: 52050 Meriwether Way, La Quinta, CA 92253
  • Listing Office Address: 52050 Meriwether Way, La Quinta, CA 92253
  • Selling Member Address: 52050 Meriwether Way, La Quinta, CA 92253
  • Selling Office Address: 52050 Meriwether Way, La Quinta, CA 92253
  • Land Type: Fee
  • Subdivision: The Madison
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Gas Cooktop, Microwave Oven, Gas Oven, Water Line to Refrigerator, Washer, Refrigerator
  • Fireplace: Yes
  • Fireplace Location: Exterior, Master Bedroom, Great Room, Casita - Guest House
  • Interior Amenities: Built-In Features, Wet Bar, Surround Sound Wired, Recessed Lighting, Open Floorplan, Hi-Speed Data Wiring, High Ceilings (9 Ft+), Home Automation System, Bar
  • Range Hood: Yes
  • Fireplace Features: Fire Pit, Gas
  • Flooring: Carpet, Mixed, Stone Tile
  • Bedroom Features: Master Suite
  • Total Bedrooms: 5
  • Bathroom Features: Shower & Tub
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Full Bathrooms: 5
  • Eating Areas: Formal Dining Room, Kitchen Island
  • Kitchen Features: Gourmet Kitchen, Stone Counters, Pantry, Island
  • Laundry: Individual Room
  • Estimated Sq Ft: 7015.00
  • Windows Treatments: Skylight(s), Blinds

Exterior Features

  • Other Features: Balcony, Energy Efficient, Custom Built, Barbeque Private
  • Other Structures: Guest House Attached
  • Roofing: Flat
  • Built-in BBQ: Gas
  • Foundation: Slab
  • Patio: Covered, Concrete Slab
  • Pool: Yes
  • Pool Accessories: Fountain, Unknown
  • Pool Construction: Gunite, In Ground
  • Pool Description: Heated, In Ground
  • Pool Location: Private
  • Planned Unit Development: Yes
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: Gunite, In Ground
  • Spa Hot Tub Description: Heated - Gas, Indoor
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Direct Entrance, Driveway
  • Total Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • TV Svcs: Cable TV
  • Volt 220: In Garage, Spa, In Laundry, In Kitchen
  • Cooling Type: Central Air
  • Heating: Central
  • Heating Fuel: Natural Gas
  • Security: 24 Hour Security, Prewired For Alarm, Gated Community, Fire Alarm, Automatic Gate
  • Sewer: In Street Paid
  • Water: Water District
  • Water Heater Feature: Gas, Instant Hot Water

Association/Amenities

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

Condo/Co-op/Association

  • Association Fees Include: Security
  • Association Amenities: Controlled Access
  • HOA Information: Yes
  • HOA Fee 1: 4050.00
  • Total Monthly Association Fees: 1350.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 779410028
  • Irrigation: Sprinkler System
  • Lot Acres: 0.5500
  • Lot Description: Automatic Gate, Utilities Underground, Street Paved, Irregular Lot, Landscaped, Back Yard
  • Lot Location: Close to Clubhouse, Lake Front
  • Lot Size: 23958.00

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2021
Sold by
52679 Meriwether Way Llc
Bought by
Puglisi John and Puglisi Millicent
Current Estimated Value
$7,012,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,700,000
Outstanding Balance
$4,222,778
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$3,344,319

Purchase Details

Listed on
Oct 6, 2020
Closed on
Oct 20, 2020
Sold by
Zeido Fares and Zeido Roula
Bought by
52679 Meriwether Way Llc
Seller's Agent
Glenn Cassell
Madison Club Properties
Buyer's Agent
Glenn Cassell
Madison Club Properties
List Price
$6,950,000
Sold Price
$6,625,000
Premium/Discount to List
-$325,000
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.81%

Purchase Details

Listed on
Nov 11, 2011
Closed on
Mar 13, 2012
Sold by
Ham Donald R and Ham Sharon L
Bought by
Rustom Fares and Ziedo Roula
Seller's Agent
Nick Blodgett
Dibble Real Estate
Buyer's Agent
Nick Blodgett
Dibble Real Estate
List Price
$1,500,000
Sold Price
$850,000
Premium/Discount to List
-$650,000
-43.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.18%
Original Mortgage
$650,000
Interest Rate
3.91%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 14, 2006
Sold by
East Of Madison Llc
Bought by
Ham Donald R and Ham Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2006
Sold by
Ham Donald R and Ham Sharon L
Bought by
Ham Donald R and Ham Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Puglisi John $7,050,000 Fntg Builder Services
52679 Meriwether Way Llc $6,625,000 Fidelity National Ttl Ins Co
Rustom Fares $850,000 Ticor Title Company Of Ca
Ham Donald R $1,500,000 Fidelity National Title Co
Ham Donald R -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Puglisi John $1,400,000
Closed Puglisi John $1,500,000
Open Puglisi John $4,700,000
Previous Owner Rustom Fares $2,746,010
Previous Owner Rustom Fares $650,000
Previous Owner Ham Donald R $1,050,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold $6,625,000 -4.7% $944 / Sq Ft
10/06/2020 10/06/20 For Sale $6,950,000 +717.6% $991 / Sq Ft
04/10/2012 04/10/12 Sold $850,000 -43.3% $121 / Sq Ft
11/11/2011 11/11/11 Pending -- -- --
11/11/2011 11/11/11 For Sale $1,500,000 -- $214 / 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 $95,865 $7,631,144 $2,543,714 $5,087,430
2023 $95,865 $7,334,820 $2,444,940 $4,889,880
2022 $93,192 $7,191,000 $2,397,000 $4,794,000
2021 $85,953 $6,625,000 $1,800,000 $4,825,000
2020 $56,123 $4,319,030 $976,225 $3,342,805
2019 $55,173 $4,234,344 $957,084 $3,277,260
2018 $54,112 $4,151,318 $938,318 $3,213,000
2017 $54,174 $4,069,920 $919,920 $3,150,000
2016 $21,360 $1,631,883 $901,883 $730,000
2015 $11,481 $888,336 $888,336 $0
2014 $11,123 $870,936 $870,936 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219050896

California Desert Association of REALTORS®

APN: 779-410-028