71983 Desert Dr Rancho Mirage, CA 92270
Magnesia Falls Cove Neighborhood
3
Beds
2.5
Baths
1,990
Sq Ft
0.66
Acres
Highlights
- In Ground Pool
- Mountain View
- No HOA
- 0.66 Acre Lot
- Corner Lot
- Home Office
About This Home
As of August 2021INVESTOR ALERT!! Located in the red hot Magnesia Falls Cove neighborhood of Rancho Mirage, this FIXER is ready for a serious buyer! At a "rarely available" 0.66 acre, the next owner has the opportunity to greatly expand the size of this home AND reposition it as a luxury property in one of the best locations in Rancho Mirage. The existing home from the late 1940's exudes ranch charm, with a wrap around back patio overlooking the pool and yard. The seller has removed the drywall and dropped ceiling from nearly every room, preparing the home for the next phase. With a nearby home on the same street recently selling for $1,850,000, the values in this location show considerable strength. Be sure to view the 3D video. This home is simply waiting for someone with the vision and motivation to take this fantastic property to the next level!
Last Agent to Sell the Property
Bennion Deville Homes License #01281703 Listed on: 06/09/2021
Last Buyer's Agent
Brian Wilson
License #01281703
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,167
Year Built
- Built in 1949
Lot Details
- 0.66 Acre Lot
- Cul-De-Sac
- South Facing Home
- Chain Link Fence
- Corner Lot
- Rectangular Lot
- Sprinklers on Timer
- Property is zoned R1
Home Design
- Fixer Upper
- Slab Foundation
- Unfinished Walls
- Shingle Roof
- Wood Siding
Interior Spaces
- 1,990 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Dining Area
- Home Office
- Concrete Flooring
- Mountain Views
Kitchen
- Oven or Range
- Range
Bedrooms and Bathrooms
- 3 Bedrooms
- Powder Room
- Bathtub with Shower
Laundry
- Laundry Room
- Laundry Located Outside
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Gravel Driveway
Outdoor Features
- In Ground Pool
- Covered patio or porch
- Shed
- Built-In Barbecue
Utilities
- Central Heating
- Property is located within a water district
- Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 682-352-001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 9, 2021
Closed on
Aug 2, 2021
Sold by
Faulks Matthew James and Faulks Tara Rose
Bought by
Mobine Abbas and Mobine Cecilia
Seller's Agent
Brian Wilson
Bennion Deville Homes
Buyer's Agent
Brian Wilson
Bennion Deville Homes
List Price
$790,000
Sold Price
$770,000
Premium/Discount to List
-$20,000
-2.53%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,096
Avg. Annual Appreciation
6.68%
Original Mortgage
$520,000
Interest Rate
3%
Mortgage Type
Seller Take Back
Purchase Details
Listed on
Sep 7, 2020
Closed on
Oct 26, 2020
Sold by
Dechristopher Steven and Dechristopher Elizabeth M
Bought by
Faulks Matthew James and Faulks Tara Rose
Seller's Agent
Phyllis Dawson-Brewer
R Lovett Enterprises
List Price
$725,000
Sold Price
$690,000
Premium/Discount to List
-$35,000
-4.83%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.71%
Original Mortgage
$517,500
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 21, 2020
Sold by
Dechristopher Steven and De Christopher M
Bought by
Dechristopher Steven and Dechristopher Elizabeth M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 13, 2019
Sold by
Dechristopher Steven and De Christopher M Elizabeth
Bought by
Dechristopher Steven and Dechristopher Elizabeth M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,725
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 1, 2017
Sold by
Dechristopher Steven De and Dechristopher Marion De
Bought by
Dechristopher Steven and Dechristopher Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,617
Interest Rate
3.83%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 16, 2017
Sold by
Dechristopher Steven and Dechristopher Marion Elizabeth
Bought by
Dechristopher Steven and Elizabeth Dechristopher M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,812
Interest Rate
4.75%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 1, 2011
Sold by
Dechristopher Steven and De Christopher Marion Elizabeth
Bought by
Dechristopher Steven and Dechristopher Elizabeth M
Purchase Details
Closed on
Jan 3, 2000
Sold by
Fischer Donald D Trustee and Donald D Fischer Family Trust
Bought by
Dechristopher Steven and Dechristopher Marion Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.72%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
May 21, 1998
Sold by
Waggoner Mary Ann
Bought by
Donald D Fischer Family Trust
Purchase Details
Closed on
Jun 25, 1996
Sold by
Hopkins Wanda and Greenleaf Blaine Sidney
Bought by
Waggoner Mary Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.39%
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $770,000 | Orange Coast Title Company | |
| Grant Deed | $690,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | Amrock Inc | |
| Interfamily Deed Transfer | -- | Amrock Inc | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Title Source Inc | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Interfamily Deed Transfer | -- | North American Title Company | |
| Interfamily Deed Transfer | -- | North American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $135,500 | First American Title Co | |
| Trustee Deed | $70,000 | Chicago Title Co | |
| Grant Deed | $110,000 | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $530,500 | New Conventional | |
| Closed | $520,000 | Seller Take Back | |
| Previous Owner | $517,500 | New Conventional | |
| Previous Owner | $345,000 | New Conventional | |
| Previous Owner | $326,725 | New Conventional | |
| Previous Owner | $326,617 | FHA | |
| Previous Owner | $279,812 | FHA | |
| Previous Owner | $226,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $60,000 | No Value Available | |
| Previous Owner | $30,000 | No Value Available | |
| Previous Owner | $145,500 | No Value Available | |
| Previous Owner | $143,200 | No Value Available | |
| Previous Owner | $130,000 | Seller Take Back | |
| Previous Owner | $120,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/09/2021 08/09/21 | Sold | $770,000 | -2.5% | $387 / Sq Ft |
| 07/30/2021 07/30/21 | Pending | -- | -- | -- |
| 07/14/2021 07/14/21 | Price Changed | $790,000 | 0.0% | $397 / Sq Ft |
| 07/14/2021 07/14/21 | For Sale | $790,000 | -1.9% | $397 / Sq Ft |
| 07/07/2021 07/07/21 | Pending | -- | -- | -- |
| 06/29/2021 06/29/21 | For Sale | $805,000 | 0.0% | $405 / Sq Ft |
| 06/19/2021 06/19/21 | Pending | -- | -- | -- |
| 06/09/2021 06/09/21 | For Sale | $805,000 | +16.7% | $405 / Sq Ft |
| 11/23/2020 11/23/20 | Sold | $690,000 | -6.1% | $345 / Sq Ft |
| 11/12/2020 11/12/20 | Pending | -- | -- | -- |
| 09/30/2020 09/30/20 | Price Changed | $735,000 | +1.4% | $368 / Sq Ft |
| 09/07/2020 09/07/20 | For Sale | $725,000 | -- | $363 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $11,167 | $1,256,914 | $454,621 | $802,293 |
| 2023 | $11,167 | $785,400 | $428,400 | $357,000 |
| 2022 | $11,086 | $770,000 | $420,000 | $350,000 |
| 2021 | $10,306 | $690,000 | $150,000 | $540,000 |
| 2020 | $3,320 | $190,404 | $120,147 | $70,257 |
| 2019 | $3,283 | $186,672 | $117,792 | $68,880 |
| 2018 | $3,246 | $183,013 | $115,482 | $67,531 |
| 2017 | $3,205 | $179,425 | $113,218 | $66,207 |
| 2016 | $3,131 | $175,908 | $110,999 | $64,909 |
| 2015 | $3,031 | $173,268 | $109,333 | $63,935 |
| 2014 | $3,029 | $169,877 | $107,193 | $62,684 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Wilson
Seller's Agent in 2021
Brian Wilson
Bennion Deville Homes
(949) 500-6109
2 in this area
26 Total Sales
-
P
Seller's Agent in 2020
Phyllis Dawson-Brewer
R Lovett Enterprises
Map
Source: The MLS
MLS Number: 21-745544
APN: 682-352-001
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