$255,000
SOLD FEB 17, 2012
2 Beds
2.5 Baths
1,596 Sq Ft
$380/mo HOA Fee

Recently Sold

$160 Per Sq Ft

2% Below List Price

46 Days on Market

Highlights

  • Spa
  • Gated Community
  • Concrete Porch or Patio
  • Palm Springs High School Rated A-
  • Balcony
  • Slate Flooring

About This Home

As of October 2015

Gorgeous contemporary condo in the highly desirable gated community of 48@ Arenas. This masterpiece features slate floors through out the downstairs, a floor to ceiling mosaic tiled fireplace, open floor plan with private courtyard and great views from every window. Fantastic kitchen with modern cabinets, granite counters, and new stainless steel appliances. Indoor laundry area off the kitchen, as well as access to your covered parking. Upstairs boasts spacious dual Master suites both with upgraded carpet and baths including granite counters, one master offers a walk in closet, and a balcony with pool and mountain views. Community pool and spa is right outside your front door, perfect for beating the desert heat. Dont miss a great opportunity at a great price! Close to downtown shopping and dining.

Last Agent to Sell the Property

Sandi Phillips

HK Lane Real Estate License #01193483 Listed on: 01/02/2012

Co-Listed By

Jon Caruana

HK Lane Real Estate License #01512713

Last Buyer's Agent

Clay Baham

BD Homes-The Paul Kaplan Group License #01055122

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,598

Year Built

  • Built in 2003

HOA Fees

  • $380 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,596 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Dining Area

Flooring

  • Carpet
  • Slate Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Balcony
  • Concrete Porch or Patio

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Property is located within a water district

Listing and Financial Details

  • Assessor Parcel Number 508088073

Community Details

Overview

  • Association fees include trash
  • 48 @ Arenas Subdivision

Recreation

  • Community Pool
  • Community Spa

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,598

Year Built

Built in 2003

Lot Details

0

HOA Fees

$380 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Levels: Two
  • Builders Tract Code: 48 @ Arenas
  • List Price per Sq Ft: 162.84
  • Lp Sp Ratio: 0.9811
  • Year Built: 2003
  • Co Listing Office Address: 78100 Main Street, Ste. 108, La Quinta, CA 92253
  • Co Listing Office Fax: (760) 541-4899
  • Co Selling Member Address: 1117 N. Palm Canyon Dr., Palm Springs, CA 92262
  • Co Selling Office Address: 1117 N. Palm Canyon Dr.,, Palm Springs, CA 92262
  • Co Selling Office Fax: (760) 406-4221
  • Listing I D: 21444679
  • Listing Office Address: 78100 Main Street, Ste. 108, La Quinta, CA 92253
  • Listing Office Fax: (760) 541-4899
  • Selling Member Address: 201 North Palm Canyon Drive, Ste 120, Palm Springs, CA 92262
  • Selling Office Address: 78100 Main Street, Ste. 108, La Quinta, CA 92253
  • Selling Office Fax: (760) 541-4899
  • Street Direction: E
  • Land Type: Fee
  • Subdivision: 48 @ Arenas
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Family Room
  • Flooring: Carpet, Slate
  • Total Bedrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Eating Areas: Dining Area
  • Estimated Sq Ft: 1596.00

Exterior Features

  • Other Features: Balcony, Slab
  • Roofing: Composition, Shingle
  • Foundation: Slab
  • Patio: Concrete Slab
  • Pool: Yes
  • Pool Location: Community
  • Spa Hot Tub: Yes
  • Spa Hot Tub Description: Community

Utilities

  • Cooling Type: Central Air
  • Heating: Forced Air
  • Sewer: In, Connected and Paid
  • Water: Water District

Condo/Co-op/Association

  • Association Fees Include: Trash
  • HOA Information: Yes
  • HOA Fee 1: 380.00
  • Total Monthly Association Fees: 380.00
  • Unit Location: Ground Floor

Association/Amenities

  • Gated Community: Yes

Lot Info

  • Assessor Parcel Number: 508088073
  • Lot Acres: 0.0200
  • Lot Size: 871.00

Rental Info

  • Land Lease Type: Fee Simple

MLS Schools

  • School District: Oak Grove School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2015
Closed on
Oct 7, 2015
Sold by
Thaemert Greg S
Bought by
Leake Gordon A
Seller's Agent
Clay Baham
BD Homes-The Paul Kaplan Group
Buyer's Agent
Ttk Represents
Compass
List Price
$460,000
Sold Price
$385,000
Premium/Discount to List
-$75,000
-16.3%
Current Estimated Value
$661,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,155
Avg. Annual Appreciation
5.64%

Purchase Details

Closed on
Apr 29, 2014
Sold by
Thaemert Greg S
Bought by
Thaemert Greg S

Purchase Details

Listed on
Jan 2, 2012
Closed on
Feb 8, 2012
Sold by
Riverhawk Property Management Llc
Bought by
Thaemert Greg S
Seller's Agent
Sandi Phillips
HK Lane Real Estate
Buyer's Agent
Clay Baham
BD Homes-The Paul Kaplan Group
List Price
$259,900
Sold Price
$255,000
Premium/Discount to List
-$4,900
-1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.30%
Original Mortgage
$204,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2011
Sold by
Silberberg Michael
Bought by
Riverhawk Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.48%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 13, 2005
Sold by
Zibton Paul and Hollinger Brandt C
Bought by
Silberberg Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,600
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 28, 2003
Sold by
Palm Springs Modern Homes I Llc
Bought by
Zibton Paul A and Hollinger Brandt C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $385,000 Wfg National Title
Interfamily Deed Transfer -- None Available
Grant Deed $255,000 Fidelity National Title Co
Trustee Deed $229,000 Fidelity National Title Co
Grant Deed $468,500 Southland Title Company
Grant Deed $295,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $204,000 New Conventional
Previous Owner $0 Unknown
Previous Owner $374,600 Unknown
Previous Owner $46,360 Credit Line Revolving
Previous Owner $236,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2015 10/21/15 Sold $385,000 -14.3% $241 / Sq Ft
09/17/2015 09/17/15 Price Changed $449,000 -2.4% $281 / Sq Ft
09/08/2015 09/08/15 For Sale $460,000 +80.4% $288 / Sq Ft
02/17/2012 02/17/12 Sold $255,000 -1.9% $160 / Sq Ft
02/17/2012 02/17/12 Pending -- -- --
01/02/2012 01/02/12 For Sale $259,900 -- $163 / 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 $5,598 $455,753 $113,640 $342,113
2023 $5,598 $438,057 $109,228 $328,829
2022 $5,706 $429,469 $107,087 $322,382
2021 $5,591 $421,049 $104,988 $316,061
2020 $5,342 $416,733 $103,912 $312,821
2019 $5,251 $408,563 $101,875 $306,688
2018 $5,153 $400,553 $99,878 $300,675
2017 $5,078 $392,700 $97,920 $294,780
2016 $4,949 $385,000 $96,000 $289,000
2015 $3,452 $266,498 $66,623 $199,875
2014 $3,402 $261,279 $65,319 $195,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 21444679

California Desert Association of REALTORS®

APN: 508-088-073