NOT LISTED FOR SALE

Estimated Value: $889,000 - $1,047,000

2 Beds
2 Baths
1,619 Sq Ft
$597/Sq Ft Est. Value

Last Sold July 24, 2017

Last sale price $515,000 $318 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $5,816/month

43 Days on Market

Highlights

  • Heated In Ground Pool
  • Mountain View
  • Bonus Room
  • Updated Kitchen
  • Premium Lot
  • Granite Countertops

About This Home

As of July 2017

Location, Location, featured in October 2016 Palm Springs Life this property is located in the Magnesia Falls Cove in Rancho Mirage. We proudly present this European cottage with 2 bedrooms and 2 baths, on 1/2 acre of privacy and south facing mountains views from your oversized backyard pool and spa along with a self sustaining aquaponic garden! Built in 1938, and recently stripped down to its studs, upgrading was completed while maintaining its old world flair. Commercial cooking stove with gas range top, exhaust hood, and outdoor grilling island with wood burning pizza oven for the chef in you. Grand fireplace and wood ceiling in the great room, unique master suite with distinctive styling, and a guest bedroom or office with bathroom. Property also includes survey along with architectural plans to add 3 bedrooms plus with a two car garage. Just the land itself is amazing. This home qualifies as a historical property and could obtain a historical designation. Outstanding home!

Last Agent to Sell the Property

Bruce Busher

HK Lane Real Estate License #01301880 Listed on: 04/03/2017

Last Buyer's Agent

William Morgner

Alta Realty Group CA, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,223

Year Built

  • Built in 1938

Lot Details

  • 0.48 Acre Lot
  • Home has North and South Exposure
  • Partially Fenced Property
  • Block Wall Fence
  • Brick Fence
  • Chain Link Fence
  • Landscaped
  • Premium Lot
  • Corner Lot
  • Paved or Partially Paved Lot
  • Sprinklers on Timer
  • Back and Front Yard

Home Design

  • Cottage
  • Slab Foundation
  • Tile Roof
  • Concrete Roof
  • Adobe

Interior Spaces

  • 1,619 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Free Standing Fireplace
  • Blinds
  • Double Door Entry
  • French Doors
  • Family Room with Fireplace
  • Dining Area
  • Bonus Room
  • Stone Flooring
  • Mountain Views
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Gas Cooktop
  • Range Hood
  • Recirculated Exhaust Fan
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only in Secondary Bathroom
  • Marble Shower

Parking

  • 2 Car Detached Garage
  • 2 Carport Spaces
  • Circular Driveway

Eco-Friendly Details

  • Green Features
  • Energy-Efficient Thermostat
  • Green Water Conservation Infrastructure

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Pool

Outdoor Features

  • Covered patio or porch
  • Built-In Barbecue

Utilities

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

Additional Features

  • Accessory Dwelling Unit (ADU)
  • Ground Level

Community Details

  • Magnesia Falls Cove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 684353001

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,223

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces North, Leisure Faces South
  • Levels: One
  • Builders Tract Code: Magnesia Falls Cove
  • Building Number Of Stories: 1
  • Building Style: Cottage
  • Entry Location: Ground Level w/Steps
  • Included In Sale: Commercial oven, Fridge, washer/dryer
  • List Price per Sq Ft: 324.27
  • Lp Sp Ratio: 0.9810
  • View Type: Mountain(s)
  • Water District Name: CVWD
  • Year Built: 1938
  • Listing I D: 217010026
  • Listing Office Address: 677 Arrowhead Drive, Palm Desert, CA 92211
  • Listing Office Fax: (760) 834-7575
  • Selling Office Address: 777 E. Tahquitz Canyon #200-47, Palm Springs, CA 92262
  • Land Type: Fee
  • Subdivision: Magnesia Falls Cove
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Gas Cooktop, Gas Range, Exhaust Fan, Water Line to Refrigerator, Refrigerator, Disposal
  • Fireplace: Yes
  • Fireplace Location: Family Room
  • Interior Amenities: Recessed Lighting
  • Range Hood: Yes
  • Fireplace Features: Free Standing
  • Flooring: Stone Tile
  • Bedroom Features: Walk In Closet
  • Total Bedrooms: 2
  • Bathroom Features: Marble Shower, Shower Stall
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Eating Areas: Breakfast Nook, Dining Area
  • Kitchen Features: Remodeled, Granite Slab Counters
  • Laundry: Individual Room
  • Estimated Sq Ft: 1619.00
  • Windows Treatments: Blinds

Exterior Features

  • Construction: Adobe
  • Other Features: Premium Lot
  • Other Structures: Accessory Bldgs
  • Roofing: Concrete, Tile
  • Built-in BBQ: Gas
  • Fencing: Block, Fenced, Partial, Chain Link, Brick
  • Foundation: Slab
  • Patio: Covered, Wood, Concrete Slab
  • Pool: Yes
  • Pool Construction: Gunite, In Ground
  • Pool Description: Heated
  • Pool Location: Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Detached
  • Parking: Circular Driveway, Driveway
  • Total Carport Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 7.00

Utilities

  • TV Svcs: Cable TV
  • Cooling Type: Air Conditioning, Central Air, Ceiling Fan(s)
  • Heating: Central, Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Connected on Bond
  • Water: Water District
  • Water Heater Feature: Gas

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 684353001
  • Irrigation: Sprinkler System, Sprinkler Timer
  • Lot Acres: 0.4800
  • Lot Description: Back Yard, Street Public, Street Paved, Landscaped, Front Yard
  • Lot Location: Corner Lot
  • Lot Size: 20909.00

Green Features

  • Green Energy Efficient: Thermostat
  • Green Features: Yes
  • Green Sustainability: Conserving Methods

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2017
Closed on
Jul 5, 2017
Sold by
Horner Thomas W and Horner Naomi J
Bought by
Egilmez Kutay
Seller's Agent
Bruce Busher
HK Lane Real Estate
Buyer's Agent
William Morgner
Alta Realty Group CA, Inc.
List Price
$539,000
Sold Price
$515,000
Premium/Discount to List
-$24,000
-4.45%
Total Days on Market
43
Current Estimated Value
$966,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$451,848
Avg. Annual Appreciation
8.34%
Original Mortgage
$360,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 30, 2014
Closed on
Nov 14, 2014
Sold by
Hook Patricia Eisele
Bought by
Horner Thomas W and Horner Naomi J
Seller's Agent
Team Michael Hilgenberg w/ Keller Will
Keller Williams Realty
Buyer's Agent
Bruce Busher
Keller Williams Realty
List Price
$499,900
Sold Price
$499,000
Premium/Discount to List
-$900
-0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.20%
Original Mortgage
$399,200
Interest Rate
4.1%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Egilmez Kutay $515,000 Fidelity National Title
Horner Thomas W $499,000 Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Egilme Kutay $350,000
Closed Egilmez Kutay $360,000
Previous Owner Horner Thomas W $399,200
Previous Owner Hook Patricia Eisele $236,600
Previous Owner Hook Patricia Eisele $135,316
Previous Owner Hook Patricia Eisele $148,359
Previous Owner Hook Patricia Eisele $80,000
Previous Owner Hook Patricia Eisele $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2017 07/24/17 Sold $515,000 -1.9% $318 / Sq Ft
05/16/2017 05/16/17 Pending -- -- --
05/10/2017 05/10/17 Price Changed $525,000 -2.6% $324 / Sq Ft
04/03/2017 04/03/17 For Sale $539,000 +8.0% $333 / Sq Ft
11/28/2014 11/28/14 Sold $499,000 -0.2% $308 / Sq Ft
11/26/2014 11/26/14 Pending -- -- --
09/30/2014 09/30/14 For Sale $499,900 -- $309 / 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
2023 $8,223 $563,224 $168,967 $394,257
2022 $8,151 $552,181 $165,654 $386,527
2021 $8,069 $541,355 $162,406 $378,949
2020 $7,689 $535,805 $160,741 $375,064
2019 $7,577 $525,300 $157,590 $367,710
2018 $7,459 $515,000 $154,500 $360,500
2017 $7,505 $516,741 $129,444 $387,297
2016 $7,303 $506,609 $126,906 $379,703
2015 $7,050 $499,000 $125,000 $374,000
2014 $3,405 $201,368 $38,256 $163,112
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 217010026

California Desert Association of REALTORS®

APN: 684-353-001