S
Seller's Agent in 2020
Shane Smith
Orange County Realty & Mortgage
66949 Terrace Way Desert Hot Springs, CA 92240
Estimated Value: $523,000 - $760,000
5
Beds
4
Baths
2,741
Sq Ft
$226/Sq Ft
Est. Value
About This Home
As of May 2020This is the perfect opportunity for both investors and owner-occupant buyers and is in very good condition. Located in a highly desirable neighborhood with very strong rental demand, low vacancy rates and close to shopping, transportation corridors and community amenities. The largest unit would be ideal for owners to occupy with 2 large bedrooms and 1 bath, fireplace, great patio area and spacious rooms. Separately metered and sitting on top of underground natural hot springs, this property has low maintenance/water/landscaping costs. Tile floors, refrigerators, ranges and connected to the public sewer. Hurry, as this one will not last long!
Last Agent to Sell the Property
Shane Smith
Orange County Realty & Mortgage License #01068377 Listed on: 11/07/2019
Last Buyer's Agent
Marilyn Delao
Allison James Estates & Homes License #01344932
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,243
Year Built
- Built in 1965
Lot Details
- 0.34 Acre Lot
- Two or More Common Walls
Home Design
- 2,741 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- Private Water Source
Listing and Financial Details
- Legal Lot and Block 3 / H
- Tax Tract Number 6
- Assessor Parcel Number 639312003
Community Details
Overview
- 4 Units
- Foothills
Building Details
- 4 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $190
- Fuel Expense $610
- Insurance Expense $950
- Trash Expense $1,150
- Water Sewer Expense $2,240
- New Taxes Expense $3,990
- Operating Expense $9,130
- Gross Income $33,480
- Net Operating Income $24,350
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 19, 2022
Sold by
Ghafari Soroor
Bought by
Ghafari Trust
Current Estimated Value
Purchase Details
Closed on
Feb 26, 2020
Sold by
Terzian Carlo and Terzian Elidia
Bought by
Ghafari Soroor
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
3.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 7, 2015
Sold by
Wise Pamela
Bought by
Terzian Carlo and Terzian Elidia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,750
Interest Rate
3.79%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 18, 2003
Sold by
Anenberg Elaine
Bought by
Wise Pamela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,600
Interest Rate
5.71%
Mortgage Type
Commercial
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ghafari Trust | -- | -- | |
| Ghafari Soroor | $380,000 | Ticor Ttl Orange Cnty Branch | |
| Terzian Carlo | $240,000 | First American Title Company | |
| Wise Pamela | $178,000 | Landamerica Commonwealth | |
| Anenberg Elaine | -- | Landamerica Commonwealth |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ghafari Soroor | $285,000 | |
| Previous Owner | Terzian Carlo | $162,750 | |
| Previous Owner | Wise Pamela | $124,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/13/2020 05/13/20 | Sold | $380,000 | -4.8% | $139 / Sq Ft | |
| 04/10/2020 04/10/20 | Pending | -- | -- | -- | |
| 11/07/2019 11/07/19 | For Sale | $399,000 | +66.3% | $146 / Sq Ft | |
| 03/09/2016 03/09/16 | Sold | $240,000 | -4.0% | $88 / Sq Ft | View Prior Sale |
| 12/04/2015 12/04/15 | Pending | -- | -- | -- | |
| 11/11/2015 11/11/15 | For Sale | $249,900 | -- | $91 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,243 | $415,581 | $98,426 | $317,155 |
| 2023 | $10,243 | $399,446 | $94,605 | $304,841 |
| 2022 | $9,534 | $391,614 | $92,750 | $298,864 |
| 2021 | $8,826 | $383,936 | $90,932 | $293,004 |
| 2020 | $5,977 | $259,782 | $64,945 | $194,837 |
| 2019 | $5,906 | $254,689 | $63,672 | $191,017 |
| 2018 | $5,756 | $249,696 | $62,424 | $187,272 |
| 2017 | $5,591 | $244,800 | $61,200 | $183,600 |
| 2016 | $5,071 | $217,759 | $45,259 | $172,500 |
| 2015 | $3,174 | $173,250 | $31,500 | $141,750 |
| 2014 | $3,072 | $165,000 | $30,000 | $135,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
M
Buyer's Agent in 2020
Marilyn Delao
Allison James Estates & Homes
-
S
Seller's Agent in 2016
Stephen Rogers
Better Homes and Gardens Real Estate Champions
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19261385
APN: 639-312-003
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.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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