NOT LISTED FOR SALE

Estimated Value: $268,000 - $445,000

2 Beds
1 Bath
1,146 Sq Ft
$322/Sq Ft Est. Value

Last Sold May 29, 2014

Last sale price $120,000 $105 Per Sq Ft

Est. 207% increase in value since last sale

Current estimated payment $2,202/month

56 Days on Market

Highlights

  • Mountain View
  • 1-Story Property
  • 3 Car Garage
  • Tile Flooring
  • Central Heating
  • 3-minute walk to Ocotillo Park

About This Home

As of May 2014

This is a great 2 bedroom/1 bath home with a fabulous family room with large fireplace. There is newly renovated three car garage to the rear of the extra large lot. There is plenty of space for RV parking. This property has a lot of potential and is in good condition so come take a look! This is a Fannie Mae HomePath property and can be purchased for as little as 5% down with HomePath Mortgage Financing. The property also qualifies for HomePath Renovation Financing.

Last Agent to Sell the Property

Margaret Biello

License #01106820 Listed on: 03/26/2014

Co-Listed By

Frank Biello

License #01881623

Last Buyer's Agent

Paul Armstrong

Keller Williams Realty License #01503781

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,496

Year Built

  • Built in 1959

Lot Details

  • 8,276 Sq Ft Lot
  • North Facing Home
  • Block Wall Fence
  • Level Lot

Parking

  • 3 Car Garage

Interior Spaces

  • 1,146 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Tile Flooring
  • Mountain Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level

Utilities

  • Central Heating
  • Heating System Uses Wood
  • Septic Tank

Community Details

  • Rancho Ramon Subdivision

Listing and Financial Details

  • Assessor Parcel Number 680403003

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,496

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces North
  • Levels: One
  • Builders Tract Code: NA335
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 82.81
  • Lp Sp Ratio: 1.2645
  • View Type: Mountain(s)
  • Year Built: 1959
  • Co Listing Member Address: 77711 Flora Road, Palm Desert, CA 92211
  • Co Listing Office Address: 77711 Flora Road, Palm Desert, CA 92211
  • Co Listing Office Fax: (760) 300-3807
  • Listing I D: 214011965
  • Listing Member Address: 77711 Flora Road, Palm Desert, CA 92211
  • Listing Office Address: 77711 Flora Road, Palm Desert, CA 92211
  • Listing Office Fax: (760) 300-3807
  • Selling Member Address: 68-828 Ramon Road, Cathedral City, CA 92234
  • Selling Office Address: 68-828 Ramon Road, Cathedral City Office, Cathedral City, CA 92234
  • Selling Office Fax: (760) 324-3823
  • Land Type: Fee
  • Subdivision: Rancho Ramon
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Family Room
  • Flooring: Tile
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Estimated Sq Ft: 1146.00

Exterior Features

  • Fencing: Block
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Central
  • Heating Fuel: Wood
  • Sewer: Septic Tank

Lot Info

  • Assessor Parcel Number: 680403003
  • Lot Acres: 0.1900
  • Lot Description: Level
  • Lot Size: 8276.00

Rental Info

  • Land Lease Type: Fee Simple

MLS Schools

  • School District: Palm Springs Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2014
Closed on
May 5, 2014
Sold by
Pulido Christina Sori
Bought by
Cortes Israel J
Seller's Agent
Margaret Biello
Buyer's Agent
Paul Armstrong
Keller Williams Realty
List Price
$94,900
Sold Price
$120,000
Premium/Discount to List
$25,100
26.45%
Current Estimated Value
$368,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,896
Avg. Annual Appreciation
10.47%
Original Mortgage
$108,000
Outstanding Balance
$82,240
Interest Rate
4.23%
Mortgage Type
New Conventional
Estimated Equity
$286,656

Purchase Details

Listed on
Mar 26, 2014
Closed on
Apr 21, 2014
Sold by
Fannie Mae
Bought by
Cortes Cortes Israel J
Seller's Agent
Margaret Biello
Buyer's Agent
Paul Armstrong
Keller Williams Realty
List Price
$94,900
Sold Price
$120,000
Premium/Discount to List
$25,100
26.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Outstanding Balance
$82,240
Interest Rate
4.23%
Mortgage Type
New Conventional
Estimated Equity
$286,656

Purchase Details

Closed on
Mar 20, 2012
Sold by
Velez Uriel and Velez Cirenia
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 14, 2004
Sold by
Velez Uriel
Bought by
Velez Uriel and Velez Cirenia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 30, 1996
Sold by
Jacque Diego
Bought by
Velez Uriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,953
Interest Rate
7.8%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 18, 1996
Sold by
The Federal Home Loan Mtg Corp
Bought by
Jaque Diego

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,953
Interest Rate
7.8%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 7, 1995
Sold by
Waters Patty A
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 7, 1994
Sold by
Palkman Timothy A and Palkman Tammy L
Bought by
Waters Patty Allen
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
Cortes Israel J -- Lsi Title Company Inc
Cortes Cortes Israel J $120,000 Lsi Title Company Inc
Federal National Mortgage Association $158,251 None Available
Velez Uriel -- Financial Title Company San
Velez Uriel $88,500 First American Title Ins Co
Jaque Diego $41,000 Fidelity National Title Ins
Federal Home Loan Mortgage Corporation $62,881 First American Title Ins Co
Waters Patty Allen -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cortes Cortes Israel J $108,000
Previous Owner Velez Uriel $153,185
Previous Owner Velez Uriel $129,500
Previous Owner Velez Uriel $81,953
Previous Owner Jaque Diego $38,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2014 05/29/14 Sold $120,000 +26.4% $105 / Sq Ft
05/21/2014 05/21/14 Pending -- -- --
03/26/2014 03/26/14 For Sale $94,900 -- $83 / 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 $2,496 $156,838 $36,769 $120,069
2023 $2,496 $150,750 $35,343 $115,407
2022 $2,387 $147,795 $34,650 $113,145
2021 $2,311 $144,898 $33,971 $110,927
2020 $2,189 $143,413 $33,623 $109,790
2019 $2,001 $140,602 $32,964 $107,638
2018 $1,944 $137,846 $32,318 $105,528
2017 $1,798 $126,744 $31,685 $95,059
2016 $1,742 $124,260 $31,064 $93,196
2015 $1,675 $122,397 $30,599 $91,798
2014 $1,268 $88,116 $22,541 $65,575
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 214011965

California Desert Association of REALTORS®

APN: 680-403-003