NOT LISTED FOR SALE

7 Buckingham Way Rancho Mirage, CA 92270

Estimated Value: $1,147,000 - $1,367,000

4 Beds
3.5 Baths
3,788 Sq Ft
$331/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $1,050,000 $277 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $8,013/month

56 Days on Market

Highlights

  • In Ground Pool
  • Gated Community
  • Traditional Architecture
  • All Bedrooms Downstairs
  • Fireplace in Primary Bedroom Retreat
  • Pool View

About This Home

As of October 2021

This elegant home is located in Victoria Falls, a gated community in the heart of Rancho Mirage! This wonderful property features four bedrooms, family room, dining room, beautiful open kitchen and nook, enhanced with plantation shutters throughout the entire home and much more! The master suite is very spacious with a sitting area overlooking the pool. The master bath boasts a soaking tub, shower, bidet, walk in closet and more! A very private expansive back yard features a beautiful lawn with 9 queen palm trees, four fruit trees, has a distinctive salt water pool built in the shape of a piano...guess why? It was the former home of a renowned international entertainer who is the son of the great Harpo Marx! Such a great piece of our desert history! This beautiful home also features a three car garage with epoxy flooring, and is equipped with solar power.This is a perfect home for anyone who wants to enjoy the desert lifestyle at its best!Victoria Falls has tennis courts, pickle ball, and basketball courts! Located just across from the Gelson's shopping center in Rancho Mirage, with great restaurants, golf and more! Palm Springs International Airport is just 20 minutes away. This fabulous Rancho Mirage property is a must see, and definitely one not to miss!

Last Agent to Sell the Property

Geri Downs

Coldwell Banker Realty License #01354621 Listed on: 08/25/2021

Coldwell Banker Realty

Co-Listed By

Jason Novack

Coldwell Banker Realty License #01398918

Last Buyer's Agent

Scott Ehrens

Compass License #02074886

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,635

Year Built

  • Built in 2003

Lot Details

  • 0.34 Acre Lot
  • Stucco Fence
  • Landscaped
  • Level Lot
  • Sprinkler System

HOA Fees

  • $305 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco Exterior

Interior Spaces

  • 3,788 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Awning
  • Shutters
  • Custom Window Coverings
  • Double Door Entry
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Tile Flooring
  • Pool Views

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom Retreat
  • All Bedrooms Down
  • Walk-In Closet
  • Double Vanity
  • Bidet

Laundry

  • Laundry Room
  • Dryer

Parking

  • 3 Car Direct Access Garage
  • Side by Side Parking
  • Driveway

Pool

  • In Ground Pool
  • In Ground Spa
  • Outdoor Pool

Outdoor Features

  • Concrete Porch or Patio
  • Built-In Barbecue

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Gas Water Heater

Additional Features

  • Solar owned by a third party
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 676540004

Community Details

Overview

  • Victoria Falls Subdivision
  • Planned Unit Development

Recreation

  • Tennis Courts
  • Community Basketball Court

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,635

Year Built

Built in 2003

Lot Details

0

HOA Fees

$305 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: One
  • Building Number Of Stories: 2
  • Building Style: Traditional
  • Entry Location: Ground Level - No Steps
  • Included In Sale: Refrigerator, Washer & Dryer
  • List Price per Sq Ft: 289.07
  • Lp Sp Ratio: 0.9600
  • View Type: Pool
  • Water District Name: CVWD
  • Year Built: 2003
  • Co Listing Member Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Co Listing Office Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Co Listing Office Fax: (760) 776-1666
  • Listing I D: 219066700
  • Listing Member Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Member Fax: (760) 776-1666
  • Listing Office Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Office Fax: (760) 776-1666
  • Selling Office Address: 74-199 El Paseo, Suite 200, Palm Desert, CA 92260
  • Selling Office Fax: (949) 335-7281
  • Land Type: Fee
  • Subdivision: Victoria Falls
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Cooktop, Microwave Oven, Gas Range, Refrigerator, Disposal, Dishwasher
  • Fireplace: Yes
  • Fireplace Location: Family Room, Master Retreat
  • Fireplace Features: Gas Starter
  • Flooring: Tile
  • Bedroom Features: All Bedrooms Down, Walk In Closet
  • Total Bedrooms: 4
  • Bathroom Features: Bidet, Double Vanity(s)
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Eating Areas: Breakfast Counter/Bar, Formal Dining Room
  • Kitchen Features: Granite Slab Counters
  • Laundry: Individual Room
  • Estimated Sq Ft: 3788.00
  • Windows Treatments: Awnings, Shutters, Custom Window Covering

Exterior Features

  • Construction: Stucco
  • Other Features: Solar System Financed
  • Roofing: Tile
  • Built-in BBQ: Gas
  • Fencing: Stucco Wall
  • Foundation: Slab
  • Patio: Awning(s), Concrete Slab
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: In Ground
  • Pool Location: Private
  • Planned Unit Development: Yes
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Side By Side, Driveway, Direct Entrance
  • Total Covered Spaces: 3.00
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Cooling Type: Air Conditioning, Central Air, Ceiling Fan(s)
  • Heating: Central, Fireplace(s)
  • Heating Fuel: Natural Gas
  • Security: Gated Community
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas

Association/Amenities

  • Association #1 Frequency: Monthly
  • Gated Community: Yes

Condo/Co-op/Association

  • Association Amenities: Tennis Courts, Basketball Court
  • HOA Information: Yes
  • HOA Fee 1: 305.00
  • Total Monthly Association Fees: 305.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 676540004
  • Irrigation: Sprinkler System
  • Lot Description: Landscaped, Level
  • Lot Size: 14810.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Oct 12, 2021
Sold by
Betts Alexandra Windsor
Bought by
Ojakian Mark E and Veretto Jason
Seller's Agent
Geri Downs
Coldwell Banker Realty
Buyer's Agent
Scott Ehrens
Compass
List Price
$1,195,000
Sold Price
$1,050,000
Premium/Discount to List
-$145,000
-12.13%
Current Estimated Value
$1,184,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,911
Avg. Annual Appreciation
3.17%
Original Mortgage
$450,000
Outstanding Balance
$412,135
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$769,659

Purchase Details

Listed on
Jul 31, 2019
Closed on
Jun 23, 2020
Sold by
D Cyrus Ii Llc
Bought by
Betts Alexandra Windsor
Seller's Agent
Niloo Shams
Desert Sotheby's International Realty
List Price
$720,000
Sold Price
$690,000
Premium/Discount to List
-$30,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.55%
Original Mortgage
$506,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 20, 2013
Closed on
Sep 19, 2013
Sold by
Marx William W and Marx Barbara H
Bought by
L Cyrus Ii Llc
Seller's Agent
Nancy Jones
Tarbell REALTORS
Buyer's Agent
Dale Swanson
Bennion Deville Homes
List Price
$699,000
Sold Price
$615,000
Premium/Discount to List
-$84,000
-12.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.70%

Purchase Details

Closed on
Feb 5, 2002
Sold by
Solomon Peter
Bought by
Marx William W and Marx Barbara H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7.08%
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
Ojakian Mark E $1,050,000 Equity Title Company
Betts Alexandra Windsor $675,000 Lawyers Title
L Cyrus Ii Llc $615,000 Orange Coast Title
Marx William W $490,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ojakian Mark E $450,000
Previous Owner Betts Alexandra Windsor $506,000
Previous Owner Marx William W $179,800
Previous Owner Marx William W $289,000
Previous Owner Marx William W $286,500
Previous Owner Marx William W $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $1,050,000 -4.1% $277 / Sq Ft
10/20/2021 10/20/21 Pending -- -- --
09/17/2021 09/17/21 Price Changed $1,095,000 -4.4% $289 / Sq Ft
09/05/2021 09/05/21 Price Changed $1,145,000 -4.2% $302 / Sq Ft
08/25/2021 08/25/21 For Sale $1,195,000 +73.2% $315 / Sq Ft
07/24/2020 07/24/20 Sold $690,000 -4.2% $182 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
04/10/2020 04/10/20 For Sale $720,000 0.0% $190 / Sq Ft
03/10/2020 03/10/20 Pending -- -- --
07/31/2019 07/31/19 For Sale $720,000 +17.1% $190 / Sq Ft
09/27/2013 09/27/13 Sold $615,000 -8.2% $162 / Sq Ft
08/19/2013 08/19/13 Price Changed $669,900 -4.2% $177 / Sq Ft
06/20/2013 06/20/13 For Sale $699,000 -- $185 / 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 $14,635 $1,114,267 $119,385 $994,882
2023 $14,635 $1,071,000 $114,750 $956,250
2022 $14,403 $1,050,000 $112,500 $937,500
2021 $9,574 $675,000 $112,500 $562,500
2020 $9,400 $689,343 $172,334 $517,009
2019 $9,328 $675,827 $168,955 $506,872
2018 $9,076 $662,577 $165,643 $496,934
2017 $8,963 $649,587 $162,396 $487,191
2016 $8,652 $636,851 $159,212 $477,639
2015 $8,380 $627,286 $156,821 $470,465
2014 $8,360 $615,000 $153,750 $461,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219066700

California Desert Association of REALTORS®

APN: 676-540-004