NOT LISTED FOR SALE

61737 Desert Air Rd Joshua Tree, CA 92252

Estimated Value: $485,000 - $807,000

8 Beds
4 Baths
4,016 Sq Ft
$176/Sq Ft Est. Value

Last Sold January 03, 2017

Last sale price $300,000 $75 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $4,108/month

134 Days on Market

Highlights

  • City Lights View
  • Granite Countertops
  • Galley Kitchen
  • Traditional Architecture
  • No HOA
  • Evaporated cooling system

About This Home

As of January 2017

Nice 4 Plex with Garages & fenced yards & NATURAL GAS.
Wow! 2 units are rented and 2 units are used as vacation rentals. Which means two units come furnished for this purpose. This is working out great, steady income and potential income from this set. Or Rent them all to full time renters. Very clean. Each has its own yard. Close to Joshua Tree Nat'l Park, and close to shops. Great opportunity here.

Last Agent to Sell the Property

Sue Garvin

Rarick Realty Group License #01210411 Listed on: 05/09/2016

Last Buyer's Agent

Jeffrey Poland

Coldwell Banker Roadrunner License #01363904

Coldwell Banker Roadrunner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,426

Year Built

  • Built in 1987

Lot Details

  • 0.34 Acre Lot
  • 1 Common Wall
  • Rural Setting

Parking

  • 1 Car Garage
  • Parking Available

Property Views

  • City Lights
  • Mountain
  • Desert
  • Hills

Home Design

  • Traditional Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Frame Construction
  • Stucco

Interior Spaces

  • 4,016 Sq Ft Home
  • Living Room

Kitchen

  • Galley Kitchen
  • Gas Range
  • Dishwasher
  • Granite Countertops
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • 220 Volts In Laundry

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 69
  • Tax Tract Number 2556
  • Assessor Parcel Number 0603091340000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings

Building Details

  • 2 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $900
  • Water Sewer Expense $2,100
  • New Taxes Expense $2,300
  • Gross Income $4,250
  • Net Operating Income $44,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,426

Year Built

Built in 1987

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 2100.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 0603091340000
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters, Granite Counters
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 74.70
  • Room Type: All Bedrooms Up, Galley Kitchen, Living Room

Exterior Features

  • Foundation: Slab
  • View: City Lights, Desert, Hills, Mountain(s)
  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Concrete, Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Natural Gas Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater
  • Electric: 220 Volts in Laundry
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Conventional Septic
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 14932.00
  • Price Per Lot Square Foot: 22.03

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4250.00
  • Gross Scheduled Income: 51000.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 44260.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 6740.00
  • Rent Control: No
  • Total Actual Rent: 4250.00

Tax Info

  • New Taxes Expense: 2300.00
  • Tax Lot: 69
  • Tax Tract Number: 2556

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2018
Sold by
Poland Jeffrey E
Bought by
Poland Jeffrey Eugene and Barnakian Poland Jennifer Nazenik
Current Estimated Value
$707,967

Purchase Details

Listed on
May 9, 2016
Closed on
Dec 28, 2016
Sold by
Poland Michael Dean
Bought by
Poland Michael Dean and Poland Dora Jean
Seller's Agent
Sue Garvin
Rarick Realty Group
Buyer's Agent
Jeffrey Poland
Coldwell Banker Roadrunner
List Price
$329,000
Sold Price
$300,000
Premium/Discount to List
-$29,000
-8.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.83%

Purchase Details

Closed on
Sep 26, 2016
Sold by
Anderson Dale L
Bought by
Poland Michael Dean and Poland Dora Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2015
Sold by
Anderson Dale L
Bought by
Anderson Dale L and Anderson Alvina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2000
Sold by
Green Imogene
Bought by
Davis David W and Davis Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.96%
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
Poland Jeffrey Eugene -- None Available
Poland Michael Dean -- Fidelity National Title Co
Poland Michael Dean $300,000 Fidelity National Title Co
Anderson Dale L -- Accommodation
Davis David W -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Md Poland Family Trust $276,500
Closed Poland Michael Dean $276,500
Previous Owner Poland Michael Dean $225,000
Previous Owner Anderson Dale L $185,500
Previous Owner Anderson Dale L $227,500
Previous Owner Anderson Dale L $65,000
Previous Owner Davis David W $91,000
Previous Owner Davis David W $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2017 01/03/17 Sold $300,000 -8.8% $75 / Sq Ft
09/20/2016 09/20/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $329,000 -- $82 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,426 $348,175 $34,817 $313,358
2024 $4,426 $341,348 $34,134 $307,214
2023 $4,347 $334,655 $33,465 $301,190
2022 $4,265 $328,093 $32,809 $295,284
2021 $4,221 $321,660 $32,166 $289,494
2020 $4,191 $318,362 $31,836 $286,526
2019 $4,412 $312,120 $31,212 $280,908
2018 $4,209 $306,000 $30,600 $275,400
2017 $2,877 $196,100 $21,300 $174,800
2016 $2,882 $196,100 $21,300 $174,800
2015 $2,843 $196,100 $21,300 $174,800
2014 $2,711 $178,300 $19,400 $158,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: JT16099474

California Regional Multiple Listing Service (CRMLS)

APN: 0603-091-34