NOT LISTED FOR SALE

Estimated Value: $635,000 - $711,000

2 Beds
2.5 Baths
1,596 Sq Ft
$420/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $685,000 $429 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,855/month

45 Days on Market

Highlights

  • In Ground Pool
  • Solar Power System
  • Gated Community
  • Palm Springs High School Rated A-
  • Two Primary Bedrooms
  • Two Primary Bathrooms

About This Home

As of May 2024

Welcome to 48@Arenas! This sought after community and unit features modern contemporary styling and a quiet peaceful oasis for you to relax and unwind or entertain guests in. Recently installed solar that is owned by the seller, as well as electric vehicle charging, and new HVAC, complete the wonderful upgrades. With its prime location and easy access to coffee and the downtown dining experience, you'll be amazed at what is available nearby. When it comes time to relax, retreat to your private patio or living area, you'll be greeted with stunning mountain vistas of Mt. San Jacinto. The community pool is almost right outside your main entry to soak up the warm desert climate and relax after a long day. Recently installed flooring upstairs and downstairs, as well as new stackable washer and dryer complete the many conveniences. Enjoy the stainless-steel appliances overlooking your spacious living/dining area. This residence includes two ensuite bedrooms thoughtfully situated for privacy on opposite sides of the unit. Come check out this wonderfully efficient and relaxing home. Don't miss out on this fantastic desert living lifestyle!

Last Agent to Sell the Property

Vincent D'Angerio

Town Real Estate License #02009522 Listed on: 03/13/2024

Last Buyer's Agent

Paul Schatz

Gold Associates License #01936020

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $6,246

Year Built

  • Built in 2003 | Remodeled

Lot Details

  • 871 Sq Ft Lot
  • Cul-De-Sac
  • West Facing Home
  • Gated Home
  • Block Wall Fence
  • Drip System Landscaping
  • Sprinkler System

HOA Fees

  • $710 Monthly HOA Fees

Home Design

  • Modern Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Foam Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,596 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Sliding Doors
  • Entryway
  • Great Room
  • Living Room
  • Mountain Views

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Oven or Range
  • Gas Cooktop
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops

Flooring

  • Engineered Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • Two Primary Bathrooms
  • Powder Room
  • Low Flow Toliet
  • Shower Only
  • Low Flow Shower

Laundry

  • Laundry closet
  • Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • Attached Carport
  • Automatic Gate

Eco-Friendly Details

  • Solar Power System

Pool

  • In Ground Pool
  • Gunite Spa
  • Gas Heated Pool
  • Gunite Pool

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 508-088-070

Community Details

Overview

  • 48 Units
  • Maintained Community

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Controlled Access
  • Gated Community

Property Details

Home Type

Co-Op

Est. Annual Taxes

$6,246

Year Built

Built in 2003 | Remodeled

Lot Details

0

HOA Fees

$710 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Modern
  • Levels: Two
  • Street Number Display: Yes
  • Builders Tract Code: 5280
  • Complex Name: 48@Arenas
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Exclusions: Personal property.
  • Living Area: 1596
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Unit Floor In Building: 1
  • Year Built: 2003
  • Builders Tract Name: 48 @ Arenas
  • Number Of Photos: 38
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Common Walls
  • Flooring: Ceramic Tile, Engineered Hardwood
  • Appliances: Gas/Electric Range, Microwave, Cooktop - Gas
  • Bedrooms: 2
  • Fireplaces: 0
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: 2 Master Bedrooms, All Bedrooms Up, WalkInCloset
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths, Low Flow Shower(s), Low Flow Toilet(s), Shower Stall
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Area, Living Room
  • Kitchen Features: Granite Counters, Open to Family Room
  • Laundry: Laundry Closet Stacked
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Electric Dryer Hookup, Cable, Gas Or Electric Dryer Hookup, Hood Fan, Ice Maker, Microwave, Range/Oven, Refrigerator, Solar Panels, Stackable W/D Hookup, Water Line to Refrigerator
  • Fireplace: No
  • Inclusions: Solar and electric vehicle charger.
  • Price Per S Q F T: 437.97
  • Windows: Double Pane Windows, Window Blinds

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Features: Balcony, Energy Efficient, Full Copper Plumbing, High Ceilings (9 Feet+), Sprinkler System, Sliding Glass Doors, Slab
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Fence: Block
  • Patio: Concrete Slab, Enclosed
  • Pool Description: Association Pool, Heated with Gas, Gunite, In Ground, Community
  • Pool: Yes
  • Roof: Foam
  • Spa: Gunite, Community
  • Spa Yn: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Covered Parking, Carport Attached

Utilities

  • TV Svcs: Cable TV
  • Volt 220: In Laundry
  • Water Heater: Gas
  • Cooling: Air Conditioning, Ceiling Fan, Central
  • Earth Quake Ins: 1
  • Heating: Natural Gas, Central
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire Sprinklers, Gated, Fire and Smoke Detection System, Smoke Detector
  • Sewer: In Connected and Paid
  • Water: District, Public

Association/Amenities

  • Amenities: Assoc Pet Rules, Assoc Maintains Landscape, Gated Community, Spa, Pool
  • Pet Rules: Assoc Pet Rules, Pets Permitted

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • High Rise: Controlled Access
  • HOA Fees: 710.00
  • HOA: Yes

Schools

  • School District: Palm Springs Unified

Lot Info

  • Sprinklers: Drip System
  • Horses: No
  • Assessor Parcel Number: 508-088-070
  • Lot Description: Landscaped, Fenced, Gated Community
  • Lot Location: Cul-De-Sac
  • Lot Size Area: 871

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 48

MLS Schools

  • School District: Palm Springs Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
May 3, 2024
Sold by
Gutierrez Gilberto Jose
Bought by
Schatz Paul M and Folger Chans A
Seller's Agent
Vincent D'Angerio
Town Real Estate
Buyer's Agent
Paul Schatz
Gold Associates
List Price
$699,000
Sold Price
$685,000
Premium/Discount to List
-$14,000
-2%
Views
312
Current Estimated Value
$670,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,858
Avg. Annual Appreciation
-1.70%
Original Mortgage
$235,000
Outstanding Balance
$232,252
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$437,890

Purchase Details

Closed on
Jul 25, 2020
Sold by
Gutierrez Gilberto Jose and Guiterrez Gilberto Jose
Bought by
Guiterrez Gilberto Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,061
Interest Rate
3.1%
Mortgage Type
VA

Purchase Details

Closed on
Feb 28, 2018
Sold by
Gilbert Irene D and Kuga Rebecca L
Bought by
Guiterrez Gilberto Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,503
Interest Rate
4.45%
Mortgage Type
VA

Purchase Details

Closed on
Nov 24, 2009
Sold by
Montagna Sal Joseph
Bought by
Gilbert Irene D and Kuga Rebecca L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2004
Sold by
Montagna Sal Joseph
Bought by
Montagna Sal J

Purchase Details

Closed on
Jul 23, 2003
Sold by
Palm Springs Modern Homes I Llc
Bought by
Montagna Sal Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Schatz Paul M $685,000 First American Title
Guiterrez Gilberto Jose -- Wfg Lender Services
Guiterrez Gilberto Jose $442,000 Orange Coast Title Company
Gilbert Irene D $295,000 First American Title Company
Montagna Sal J -- --
Montagna Sal Joseph $285,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schatz Paul M $235,000
Previous Owner Gutierrez Gilberto Jose $526,500
Previous Owner Gutxeriez Gilberto Jose $457,061
Previous Owner Gutierrez Gilberto Jose $448,665
Previous Owner Guiterrez Gilberto Jose $451,503
Previous Owner Kuga Rebecca L $148,000
Previous Owner Gilbert Irene D $150,000
Previous Owner Nunez Luis $73,000
Previous Owner Montagna Sal Joseph $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $685,000 -2.0% $429 / Sq Ft
04/28/2024 04/28/24 Pending -- -- --
04/06/2024 04/06/24 For Sale $699,000 0.0% $438 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $699,000 +58.1% $438 / Sq Ft
05/08/2018 05/08/18 Sold $442,000 -3.9% $277 / Sq Ft
02/26/2018 02/26/18 Pending -- -- --
02/20/2018 02/20/18 Price Changed $460,000 -1.1% $288 / Sq Ft
01/17/2018 01/17/18 For Sale $465,000 -- $291 / Sq Ft
Source: The MLS

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 $6,246 $698,700 $178,500 $520,200
2023 $6,246 $483,389 $120,847 $362,542
2022 $6,370 $473,912 $118,478 $355,434
2021 $6,243 $464,620 $116,155 $348,465
2020 $5,965 $459,856 $114,964 $344,892
2019 $5,864 $450,840 $112,710 $338,130
2018 $4,419 $334,655 $83,661 $250,994
2017 $4,357 $328,094 $82,021 $246,073
2016 $4,234 $321,662 $80,413 $241,249
2015 $4,062 $316,832 $79,206 $237,626
2014 $4,007 $310,627 $77,655 $232,972
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-366007

The MLS

APN: 508-088-070