NOT LISTED FOR SALE

64491 29 Palms Hwy Joshua Tree, CA 92252

Estimated Value: $1,125,000

1 Bed
1 Bath
2,055 Sq Ft
$547/Sq Ft Est. Value

Last Sold June 15, 2017

Last sale price $675,000 $328 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $7,198/month

138 Days on Market

Highlights

  • Horse Property Unimproved
  • 100,623 Sq Ft lot
  • Property is near public transit
  • All Bedrooms Downstairs
  • Near a National Forest
  • No HOA

About This Home

As of June 2017

Epic opportunity to own a historic Joshua Tree vacation property! Current owners have enjoyed many lucrative years and have done countless improvements to this asset. Located on 2.31 acres, with water well, and has natural gas. Has 5-rental cottages of varying sizes. See photos. Lush trees, colorful and fun-filled decor and located in convenient location for hikers and rock climbers or any visitors to this area. CURRENTLY IN ESCROW but AVAILABLE TO SHOW for possible back-up offers, SERIOUS INQUIRIES ONLY.

Last Agent to Sell the Property

Peter Spurr

Joshua Tree Realty License #01414588 Listed on: 05/20/2016

Last Buyer's Agent

Jason Evans

Coldwell Banker Res Brokerage License #01351696

Coldwell Banker Res Brokerage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,079

Year Built

  • Built in 1960

Lot Details

  • 2.31 Acre Lot
  • Two or More Common Walls
  • Rural Setting
  • Desert faces the back of the property

Home Design

  • Property Attached
  • Slab Foundation

Interior Spaces

  • 2,055 Sq Ft Home
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • All Bedrooms Down
  • 1 Bathroom

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Parking Available
  • Unassigned Parking

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Well
  • Conventional Septic

Additional Features

  • Property is near public transit
  • Horse Property Unimproved

Listing and Financial Details

  • Tax Lot 0104
  • Tax Tract Number 104
  • Assessor Parcel Number 0607101220000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units
  • Near a National Forest

Building Details

  • Electric Expense $3,000
  • Insurance Expense $3,600
  • Other Expense $2,160
  • Trash Expense $600
  • New Taxes Expense $1,420
  • Operating Expense $27,330
  • Gross Income $15,833
  • Net Operating Income $190,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,079

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: Joshua Tree off
  • Other Phone Number: 760-366-7600
  • Property Attached: Yes
  • Road Surface Type: Maintained, Not Maintained
  • Property Type: Residential Income
  • Parcel Number: 0607101220000
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Fireplace Features: Family Room, Wood Burning
  • Levels: One
  • Price Per Square Foot: 328.47
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Conventional Septic
  • Trash Expense: 600.00
  • Water Source: Well
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Blm/National Forest, Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Desert Back, Horse Property Unimproved, Lot Over 40000 Sqft, Near Public Transit
  • Lot Size Sq Ft: 100623.00
  • Price Per Lot Square Foot: 7.90

Multi Family

  • Electric Expense: 3000.00
  • Gross Income: 15833.00
  • Gross Scheduled Income: 200000.00
  • Insurance Expense: 3600.00
  • Net Operating Income: 190000.00
  • Number Of Units Total: 5
  • Operating Expense: 10.00
  • Other Expense: 2160.00
  • Other Expense Description: Internet
  • Rent Control: No
  • Total Expenses: 27330.00
  • Vacancy Allowance: 5

Tax Info

  • New Taxes Expense: 1420.00
  • Tax Lot: 0104
  • Tax Tract Number: 0104.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2025
Sold by
Pmf Ca Reo 1 Llc
Bought by
Jt Desert Hideaway Llc
Current Estimated Value
$1,125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Outstanding Balance
$742,138
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$369,862

Purchase Details

Closed on
Jan 28, 2025
Sold by
Pmf Ca Reit Llc
Bought by
Pmf Ca Reo 1 Llc

Purchase Details

Closed on
Jan 21, 2025
Sold by
California Td Specialists
Bought by
Pmf Ca Reit Llc

Purchase Details

Closed on
Aug 10, 2021
Sold by
Bennett George
Bought by
Binns Stay Lucille

Purchase Details

Closed on
Feb 9, 2021
Sold by
Bennett George
Bought by
Binns Stacy L

Purchase Details

Listed on
May 20, 2016
Closed on
Jun 1, 2017
Sold by
Reese Drew P
Bought by
Bennett George
Seller's Agent
Peter Spurr
Joshua Tree Realty
Buyer's Agent
Jason Evans
Coldwell Banker Res Brokerage
List Price
$795,000
Sold Price
$675,000
Premium/Discount to List
-$120,000
-15.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%
Original Mortgage
$275,000
Interest Rate
4.02%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 15, 2005
Sold by
Kaufman Mindy
Bought by
Reese Drew P and Kaufman Mindy L

Purchase Details

Closed on
Jun 19, 2000
Sold by
Hall Arthur E Tr
Bought by
Reese Drew and Kaufman Mindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,375
Interest Rate
8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 4, 1996
Sold by
Hall Arthur E
Bought by
Hall Arthur E and Arthur E Hall Revocable Living
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jt Desert Hideaway Llc $875,000 First American Title
Pmf Ca Reo 1 Llc -- First American Title
Pmf Ca Reit Llc $750,000 None Listed On Document
Binns Stay Lucille -- None Available
Binns Stacy L -- Chicago Title Company
Bennett George $675,000 Fidelity National Title Co
Bennett George -- Fidelity National Title Co
Reese Drew P -- --
Reese Drew $68,500 First American
Hall Arthur E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jt Desert Hideaway Llc $775,000
Previous Owner Bennett George $275,000
Previous Owner Reese Drew $51,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2017 06/15/17 Sold $675,000 -15.1% $328 / Sq Ft
10/05/2016 10/05/16 Pending -- -- --
05/20/2016 05/20/16 For Sale $795,000 -- $387 / 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 $15,079 $1,326,510 $371,423 $955,087
2024 $15,079 $1,300,500 $364,140 $936,360
2023 $14,786 $1,275,000 $357,000 $918,000
2022 $9,241 $753,978 $164,047 $589,931
2021 $9,145 $739,194 $160,830 $578,364
2020 $9,080 $731,615 $159,181 $572,434
2019 $9,586 $717,270 $156,060 $561,210
2018 $9,142 $90,717 $13,244 $77,473
2017 $1,655 $88,938 $12,984 $75,954
2016 $1,465 $87,194 $12,729 $74,465
2015 $1,420 $85,884 $12,538 $73,346
2014 $1,454 $84,201 $12,292 $71,909
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: JT16108441

California Regional Multiple Listing Service (CRMLS)

APN: 0607-101-22