NOT LISTED FOR SALE

7 Acres Little Morongo Desert Hot Springs, CA 92241

7 Acres
-- Price per Acre
305,791 Sq Ft Lot

Last Sold November 06, 2020

Last sale price $560,000

1,024 Days on Market

About This Lot

As of November 2020

7 acres in the Cultivation Zone of Desert Hot Springs with CUP Approved for over 102,000 sq/ft of Cannabis Cultivation and Manufacturing activity. Or develop many needed Light Industrial uses. There is an Interim Structure proposed and Approved under the CUP and Development Agreement. This project is ready for a builder/developer who wants to scale quickly into a large Cannabis Cultivation Property. APN 665-190-017. See attachments to review the Conditional Use Permit.

Last Agent to Sell the Property

Michael Pins

M1 Properties License #01390115 Listed on: 01/15/2018

Last Buyer's Agent

Michael Pins

M1 Properties License #01390115 Listed on: 01/15/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,552

Lot Details

  • 7.02

Additional Features

  • 7.02 Acre Lot
  • Mountain Views

Listing and Financial Details

  • Assessor Parcel Number 665190017

Property Details

Property Type

Land

Est. Annual Taxes

$7,552

Lot Details

0

Listing Details

  • Property Type: D
  • Builders Tract Code: NA340
  • Lp Sp Ratio: 0.9300
  • View Type: Mountain(s)
  • Internal Listing I D: 20200113020025568216000000
  • Listing I D: 219036710
  • Listing Member Address: 102 Calle Los Hibiscos, Rancho Mirage, CA 92270
  • Listing Office Address: 102 Calle Los Hibiscos, Rancho Mirage, CA 92270
  • Listing Office Fax: (866) 563-8790
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 102 Calle Los Hibiscos, Rancho Mirage, CA 92270
  • Selling Office Address: 102 Calle Los Hibiscos, Rancho Mirage, CA 92270
  • Selling Office Fax: (866) 563-8790
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Lot Info

  • Assessor Parcel Number: 665190017
  • Lot Acres: 7.0200
  • Lot Size: 305791.00
  • List Price per Acre: 85327.64

Rental Info

  • Land Lease Type: Fee Simple

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2018
Closed on
Oct 5, 2020
Sold by
Marguov Dmity and Marguov Merlin Michael
Bought by
Modern Development Llc
Seller's Agent
Michael Pins
M1 Properties
Buyer's Agent
Michael Pins
M1 Properties
List Price
$999,000
Sold Price
$560,000
Premium/Discount to List
-$439,000
-43.94%

Purchase Details

Closed on
Nov 21, 2019
Sold by
Little Morongo Land Dhs Llc
Bought by
Margusov Dmitry and Margusov Merlin Michael

Purchase Details

Closed on
May 3, 2018
Sold by
Margusov Dmitry and Margusov Merlin Michael
Bought by
Little Morongo Ladn Dhs Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.44%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 26, 2018
Sold by
Kurland Irina
Bought by
Kurland Dimitry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.44%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 4, 2018
Sold by
G Farmalabs Ltd
Bought by
Margusov Dmitry and Margusov Merlin Michael

Purchase Details

Closed on
Aug 18, 2015
Sold by
Pins Michael
Bought by
G Farmalabs Limited

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
3.91%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 17, 2015
Sold by
Kading Gary
Bought by
Pins Michael

Purchase Details

Closed on
May 5, 2003
Sold by
Musetti Daniel K and Musetti Janet I
Bought by
Kading Gary S

Purchase Details

Closed on
May 16, 2001
Sold by
Newton Sharon
Bought by
Newton Wayne R

Purchase Details

Closed on
May 8, 2001
Sold by
Bagley Margaret Holther
Bought by
Bagley Grant Pierce

Purchase Details

Closed on
Jan 26, 2001
Sold by
Bagley Grant P and Bagley Grant Pierce
Bought by
Musetti Daniel K and Musetti Janet I
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
Modern Development Llc $560,000 Orange Coast Ttl Co Of Socal
Margusov Dmitry $925,993 None Available
Little Morongo Ladn Dhs Llc $1,500,000 Orange Coast Title
Margusov Dmitry -- Orange Coast Title Company
Kurland Dimitry -- Orange Coast Title
Goldman David -- Orange Coast Title
Margusov Dmitry -- Orange Coast Title
Margusov Dmitry $588,650 Accommodation
G Farmalabs Limited $675,000 Chicago Title Company
Pins Michael $35,000 First American Title Company
Kading Gary S $33,000 First American Title Co
Newton Wayne R -- Orange Coast Title
Bagley Grant Pierce -- Orange Coast Title
Musetti Daniel K $7,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Little Morongo Ladn Dhs Llc $1,000,000
Previous Owner G Farmalabs Limited $500,000
Previous Owner G Farmalabs Limited $525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $560,000 -6.5% --
07/27/2020 07/27/20 Price Changed $599,000 -14.3% --
06/27/2020 06/27/20 Price Changed $699,000 -30.0% --
01/15/2018 01/15/18 For Sale $999,000 -- --
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 $7,552 $606,161 $606,161 --
2023 $7,552 $582,624 $582,624 $0
2022 $7,519 $571,200 $571,200 $0
2021 $7,363 $560,000 $560,000 $0
2020 $18,725 $1,500,000 $1,500,000 $0
2019 $19,135 $1,530,000 $1,530,000 $0
2018 $8,830 $702,270 $702,270 $0
2017 $515 $36,243 $36,243 $0
2016 $500 $35,533 $35,533 $0
2015 $581 $39,761 $39,761 $0
2014 $537 $38,983 $38,983 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Pins

    Seller's Agent in 2020

    Michael Pins

    M1 Properties

    (760) 238-6763

    20 in this area

    61 Total Sales

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219036710

California Desert Association of REALTORS®

APN: 665-190-017

California Riverside County Desert Hot Springs 92241

7 Acres Little Morongo, Desert Hot Springs, CA

This home is located at 7 Acres Little Morongo, Desert Hot Springs, CA 92241 since 15 January 2018. 7 Acres Little Morongo is a home located in Riverside County with nearby schools including Two Bunch Palms Elementary School, Painted Hills Middle School, and Desert Hot Springs High School.

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.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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