NOT LISTED FOR SALE

71 Malibu Ave Thermal, CA 92274

Estimated Value: $104,000 - $168,030

4 Beds
2 Baths
1,372 Sq Ft
$92/Sq Ft Est. Value

Last Sold May 13, 2015

Last sale price $33,600 $24 Per Sq Ft

Est. 277% increase in value since last sale

Current estimated payment $890/month

6 Days on Market

About This Home

As of May 2015

Great opportunity to own this HUD duplex! FHA uninsurable due to estimated remaining economic life is below 30 years, Needed repairs: There is an unpermitted room addition in the rear that needs to be removed. Missing electric meters. Cut wiring without caps and without cover plates. Electrical panels installed unprofessionally. Open to elements and not finished properly, Subflooring missing tiles. Carpet needs to be removed from a bedroom (end of service life). Back wall open to elements, open around W/H not patched, Inspection of roof and repair evidence of leak. Ceiling damage in closets of un-permitted room. Deteriorated outer edges of roof, Plumbing system does not hold pressure. Need tub hardware/shower head, toilet components, faucet replacement. Kitchen drain corroded. Bath vanity has water damage. W/H relief valves not plumbed, Boarded holes from 2 missing wall A/C units. CO and smoke detectors not installed. Bracket for carport is loose. Defective paint surfaces.

Last Agent to Sell the Property

Maria Richards

Weichert Realtors-Preferred License #01465668 Listed on: 03/31/2015

Weichert Realtors-Preferred

Last Buyer's Agent

Luis Frias

License #01480322

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 9,000 Sq Ft Lot

Home Design

  • 1,372 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Carport Spaces
  • 2 Car Parking Spaces

Listing and Financial Details

  • Assessor Parcel Number 001103

Community Details

Overview

  • 2 Units
  • Desert Shores Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Price Per Unit: 16500.00
  • List Price per Sq Ft: 24.05
  • Lp Sp Ratio: 1.0182
  • Year Built: 1959
  • Internal Listing I D: 20190608184659595194000000
  • Listing I D: 215010770
  • Listing Member Address: 43100 Cook St., #104, Palm Desert, CA 92211
  • Listing Office Address: 43100 Cook St., #104, Palm Desert, CA 92211
  • Listing Office Fax: (760) 469-4606
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 81730 Hwy 111 Suite 5, Indio, CA 92201
  • Selling Member Fax: (760) 863-5010
  • Selling Office Address: 81730 Hwy 111 Suite 5, Indio, CA 92201
  • Selling Office Fax: (760) 863-5010
  • Land Type: Fee
  • Subdivision: Desert Shores
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Estimated Sq Ft: 1372.00

Garage/Parking

  • Parking Info Total Carport Spaces: 2.00
  • Parking Info Total Parking Spaces: 2.00

Utilities

  • Number Electric Meters: 2
  • Number Water Meters: 2
  • Sewer: Unknown
  • Number Gas Meter: 2

Lot Info

  • Assessor Parcel Number: 001103
  • Lot Size: 9000.00

Rental Info

  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2015
Closed on
May 11, 2015
Sold by
The Secretary Of Housing & Urban Develop
Bought by
Dela Torre Carlos Alfredo
Seller's Agent
Maria Richards
Weichert Realtors-Preferred
Buyer's Agent
Luis Frias
List Price
$33,000
Sold Price
$33,600
Premium/Discount to List
$600
1.82%
Current Estimated Value
$126,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,077
Avg. Annual Appreciation
13.30%

Purchase Details

Closed on
Feb 22, 2013
Sold by
U S Bank National Association
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Nov 9, 2010
Sold by
Mendez Eduardo E
Bought by
U S Bank Na

Purchase Details

Closed on
Feb 26, 2004
Sold by
Manning Glenda and Manning Jeffrey Scott
Bought by
Mendez Eduardo E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,480
Interest Rate
5.64%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 25, 2004
Sold by
Manning Ardis L
Bought by
Manning Jeffrey Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,480
Interest Rate
5.64%
Mortgage Type
FHA

Purchase Details

Closed on
May 27, 1998
Sold by
Wilson Alice S
Bought by
Manning Glenda and Mann Lynda

Purchase Details

Closed on
Dec 2, 1996
Sold by
Lynda Manning and Lynda Mann
Bought by
Mann Lynda K and Manning Glenda E

Purchase Details

Closed on
Mar 31, 1995
Sold by
Wilson Alice S
Bought by
The Trust Of Alice S Wilson
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dela Torre Carlos Alfredo $34,000 Lawyers Title
Secretary Of Housing & Urban Development -- None Available
U S Bank Na $119,545 None Available
Mendez Eduardo E $84,000 Stewart Title
Manning Jeffrey Scott -- Stewart Title
Manning Charles -- Stewart Title
Manning Glenda -- --
Mann Lynda K -- --
The Trust Of Alice S Wilson -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mendez Eduardo E $82,480
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2015 05/13/15 Sold $33,600 +1.8% $24 / Sq Ft
04/06/2015 04/06/15 Pending -- -- --
03/31/2015 03/31/15 For Sale $33,000 -- $24 / 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 $2,747 $40,372 $12,134 $28,238
2023 $2,747 $38,807 $11,664 $27,143
2022 $2,257 $38,047 $11,436 $26,611
2021 $1,937 $37,302 $11,212 $26,090
2020 $1,931 $36,921 $11,098 $25,823
2019 $1,830 $36,198 $10,881 $25,317
2018 $1,723 $35,489 $10,668 $24,821
2017 $1,534 $34,794 $10,459 $24,335
2016 $1,448 $34,112 $10,254 $23,858
2015 -- $37,308 $5,329 $31,979
2014 $1,408 $36,578 $5,225 $31,353
Source: Public Records

Agents Affiliated with this Home

  • Maria Richards

    Seller's Agent in 2015

    Maria Richards

    Weichert Realtors-Preferred

    (760) 902-1761

    96 Total Sales

    Maria Richards
    Section Image
  • Luis Frias

    Buyer's Agent in 2015

    Luis Frias

    (760) 200-6360

    67 Total Sales

    Luis Frias
    Section Image
See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 215010770

California Desert Association of REALTORS®

APN: 001-103-004-000

California Imperial County Thermal 92274

71 Malibu Ave, Thermal, CA

Not Listed for Sale

MultiFamily

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.

Nearby Homes