NOT LISTED FOR SALE

66609 Joseph Way Desert Hot Springs, CA 92240

Estimated Value: $470,000 - $526,000

4 Beds
4 Baths
1,958 Sq Ft
$256/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $360,000 $184 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,139/month

101 Days on Market

Highlights

  • Colonial Architecture
  • Laundry Room
  • Central Heating and Cooling System
  • Neighborhood Views
  • Tile Flooring
  • Separate Family Room

About This Home

As of December 2020

Price Reduced! Show and Sell! Great Opportunity with this 2 unit in Desert Hot Springs. Each unit has 2 bedrooms, 2 bathrooms, 2 car garage, tile floors, remodeled, big patio for the kids and guests. Both units are in excellent condition and located in a good neighborhood. Driveway with a lot of space for 3 more cars. great location close to the mall and freeways.

Last Agent to Sell the Property

Martin Folch

Realty One Group West License #01516905 Listed on: 07/21/2020

Realty One Group West

Last Buyer's Agent

Martin Folch

Realty One Group West License #01516905 Listed on: 07/21/2020

Realty One Group West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,129

Year Built

  • Built in 2006

Lot Details

  • 6,970 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Colonial Architecture
  • Patio Home
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,958 Sq Ft Home
  • 1-Story Property
  • Separate Family Room
  • Tile Flooring
  • Neighborhood Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 220
  • Tax Tract Number 220
  • Assessor Parcel Number 641292002

Community Details

Overview

  • 2 Units
  • Hacienda Heights Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $600
  • New Taxes Expense $2,402
  • Operating Expense $3,802
  • Gross Income $19,200
  • Net Operating Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,129

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Hacienda Heights (34010)
  • View: Yes
  • Zoning: R2
  • Architectural Style: Colonial
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 641292002
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 183.86
  • Room Type: All Bedrooms Down, Separate Family Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Patio Home
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 19200.00
  • Gross Scheduled Income: 21600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 19200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2400.00
  • Rent Control: No
  • Total Actual Rent: 1800.00
  • Total Expenses: 3802.00

Tax Info

  • New Taxes Expense: 2402.00
  • Tax Census Tract: 445.10
  • Tax Lot: 220
  • Tax Tract Number: 220

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2021
Sold by
Shabtai Julian
Bought by
Setton Chanel
Current Estimated Value
$501,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$246,215
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$255,715

Purchase Details

Closed on
Sep 6, 2021
Sold by
Setton Chanel
Bought by
Ccssaa Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$246,215
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$255,715

Purchase Details

Listed on
Jul 21, 2020
Closed on
Jan 25, 2021
Sold by
Setton Chanel
Bought by
Ccssaa Inc
Seller's Agent
Martin Folch
Realty One Group West
Buyer's Agent
Martin Folch
Realty One Group West
List Price
$400,000
Sold Price
$360,000
Premium/Discount to List
-$40,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%
Original Mortgage
$262,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 21, 2020
Closed on
Dec 11, 2020
Sold by
Shabtai Julian
Bought by
Setton Chanel
Seller's Agent
Martin Folch
Realty One Group West
Buyer's Agent
Martin Folch
Realty One Group West
List Price
$400,000
Sold Price
$360,000
Premium/Discount to List
-$40,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 21, 2020
Closed on
Dec 3, 2020
Sold by
Torres Jose Luis and Delsaldana Maria Del
Bought by
Setton Chanel
Seller's Agent
Martin Folch
Realty One Group West
Buyer's Agent
Martin Folch
Realty One Group West
List Price
$400,000
Sold Price
$360,000
Premium/Discount to List
-$40,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2006
Sold by
Silvatex Inc
Bought by
Torres Luis and Saldana Maria Del Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
8.12%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 9, 2005
Sold by
Silvatex Inc
Bought by
Unanwoke Christian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,917
Interest Rate
6.35%
Mortgage Type
Construction

Purchase Details

Closed on
May 2, 2005
Sold by
Hunt Mamie L
Bought by
Silvatex Inc
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
Setton Chanel -- North American Title Co Inc
Setton Chanel -- North American Title Co Inc
Ccssaa Inc -- North American Title Co Inc
Ccssaa Inc -- Lawyers Title
Setton Chanel -- Pacific Coast Title
Setton Chanel $360,000 Pacific Coast Title
Torres Luis $380,000 North American Title
Silvatex Inc -- None Available
Unanwoke Christian -- --
Silvatex Inc $130,000 Gateway Title Company Colton
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Setton Chanel $270,000
Previous Owner Setton Chanel $262,500
Previous Owner Setton Chanel $262,500
Previous Owner Silvatex Inc $296,000
Previous Owner Torres Luis $74,000
Previous Owner Unanwoke Christian $513,917
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2020 12/18/20 Sold $360,000 -7.7% $184 / Sq Ft
10/30/2020 10/30/20 Pending -- -- --
09/08/2020 09/08/20 Price Changed $390,000 -2.5% $199 / Sq Ft
07/21/2020 07/21/20 For Sale $400,000 -- $204 / 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 $6,129 $389,673 $38,967 $350,706
2023 $6,129 $374,543 $37,454 $337,089
2022 $6,215 $367,200 $36,720 $330,480
2021 $6,112 $360,000 $36,000 $324,000
2020 $4,892 $208,884 $32,136 $176,748
2019 $4,812 $202,800 $31,200 $171,600
2018 $4,643 $195,000 $30,000 $165,000
2017 $4,322 $175,000 $30,000 $145,000
2016 $4,032 $160,000 $30,000 $130,000
2015 $3,222 $160,000 $30,000 $130,000
2014 $2,649 $114,000 $15,000 $99,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20144121

California Regional Multiple Listing Service (CRMLS)

APN: 641-292-002