NOT LISTED FOR SALE

72314 Merry Vale Way Palm Desert, CA 92260

Estimated Value: $421,000 - $508,503

3 Beds
2 Baths
1,654 Sq Ft
$425/mo HOA Fee

Last Sold April 09, 2020

Last sale price $285,000 $172 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,239/month

61 Days on Market

Highlights

  • In Ground Pool
  • Panoramic View
  • Tennis Courts
  • Palm Desert High School Rated A
  • 1 Fireplace
  • 2 Car Detached Garage

About This Home

As of April 2020

Desert Living at its best! Rare find in the highly coveted Sommerset Community located in South Palm Desert. Charming 3 Bedroom 2 Bathroom condo with enclosed atrium. Spacious living room features high ceilings and airy layout. Elevated lot offers breathtaking panoramic mountain and city views from dining room and back patio areas. Brand new energy efficient HVAC system and water heater. Freshly painted interior, steam cleaned carpets, polished tile flooring. Popular two-car garage with ample storage attached to the home. Convenient indoor laundry setup with washer and dryer. Minutes away from the famous El Paseo with great shopping & restaurants. Short drive to Whole Foods and Trader Joe's. Surrounded by Hiking and Biking trails. Community has Tennis courts with Pickleball and great community pools with mountain views. Great for both a seasonal vacation property or a full time resident.

Last Agent to Sell the Property

Trent Teigen

Bennion Deville Homes License #01876687 Listed on: 02/07/2020

Bennion Deville Homes

Last Buyer's Agent

Trent Teigen

Bennion Deville Homes License #01876687

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,194

Year Built

  • Built in 1979

Lot Details

  • 3,045

HOA Fees

  • $425 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Property Views

  • Panoramic
  • Mountain

Interior Spaces

  • 1,654 Sq Ft Home
  • Partially Furnished
  • 1 Fireplace
  • Formal Entry
  • Living Room
  • Dining Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa

Additional Features

  • Sprinkler System
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 652190043

Community Details

Overview

  • Sommerset South Palm Desert Subdivision
  • On-Site Maintenance
  • Planned Unit Development

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,194

Year Built

Built in 1979

Lot Details

0

HOA Fees

$425 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Attached/Detached: Yes
  • Levels: Ground Level, No Unit Above
  • List Price per Sq Ft: 180.77
  • Lp Sp Ratio: 0.9500
  • View Type: Mountain(s), Panoramic
  • Year Built: 1979
  • Listing I D: 219038591
  • Listing Office Address: 44-530 San Pablo Ste 101, Palm Desert, CA 92260
  • Listing Office Fax: (760) 340-9254
  • Selling Office Address: 44-530 San Pablo Ste 101, Palm Desert, CA 92260
  • Selling Office Fax: (760) 340-9254
  • Land Type: Fee
  • Subdivision: Sommerset South Palm Desert
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Estimated Sq Ft: 1654.00

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: In Ground
  • Pool Location: Community
  • Planned Unit Development: Yes
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Heated
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Detached
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Cooling Type: Air Conditioning
  • Heating: Central
  • Sewer: In, Connected and Paid

Association/Amenities

  • Association #1 Frequency: Monthly
  • Pet Rules: Assoc Pet Rules

Condo/Co-op/Association

  • Association Amenities: Maintenance Grounds, Tennis Courts
  • HOA Information: Yes
  • HOA Fee 1: 425.00
  • Total Monthly Association Fees: 425.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 652190043
  • Irrigation: Sprinkler System
  • Lot Acres: 0.0699
  • Lot Size: 3049.00

Rental Info

  • Furnished: Partially
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2023
Sold by
Ross Terrance J
Bought by
Terrance J Ross Trust
Current Estimated Value
$464,626

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
Outstanding Balance
$139,150
Interest Rate
6.33%
Mortgage Type
Credit Line Revolving
Estimated Equity
$325,476

Purchase Details

Closed on
Dec 30, 2021
Sold by
Ross Terrance J
Bought by
Terrance J Ross Trust

Purchase Details

Listed on
Feb 7, 2020
Closed on
Mar 3, 2020
Sold by
Bernstein Michael E and The Taylor Allwine Living Trus
Bought by
Ross Terrance J
Seller's Agent
Trent Teigen
Bennion Deville Homes
Buyer's Agent
Trent Teigen
Bennion Deville Homes
List Price
$299,000
Sold Price
$285,000
Premium/Discount to List
-$14,000
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.33%
Original Mortgage
$1,000,000
Interest Rate
3.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 8, 2009
Sold by
Taylor Allwine Wayne and Taylor Allwine Russi
Bought by
Allwine Wayne and Taylor Russi

Purchase Details

Closed on
May 14, 1999
Sold by
Cooke Robert W
Bought by
Taylor Allwine Wayne and Taylor Allwine Russi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,600
Interest Rate
6.86%

Purchase Details

Closed on
Oct 7, 1997
Sold by
Cooke Doris E
Bought by
Cooke Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.54%

Purchase Details

Closed on
Aug 14, 1996
Sold by
Tuppan L John and Tuppan Annie M
Bought by
Cooke Robert W and Cooke Doris E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,400
Interest Rate
7.25%
Source: Public Records

Range of Values:

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Average Value
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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
Terrance J Ross Trust -- --
Ross Terrance J -- --
Terrance J Ross Trust -- Desert Law Group
Ross Terrance J $285,000 Chicago Title
Allwine Wayne -- None Available
Taylor Allwine Wayne $147,000 First American Title Co
Cooke Robert W -- Fidelity National Title Co
Cooke Robert W $131,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross Terrance J $150,000
Previous Owner Ross Terrance J $1,000,000
Previous Owner Taylor Allwine Wayne $117,600
Previous Owner Cooke Robert W $35,000
Previous Owner Cooke Robert W $124,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2020 04/09/20 Sold $285,000 -4.7% $172 / Sq Ft
02/07/2020 02/07/20 For Sale $299,000 -- $181 / 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 $4,194 $311,685 $41,009 $270,676
2023 $4,194 $299,583 $39,417 $260,166
2022 $3,993 $293,710 $38,645 $255,065
2021 $3,899 $287,952 $37,888 $250,064
2020 $3,710 $275,000 $75,000 $200,000
2019 $2,880 $206,565 $49,177 $157,388
2018 $2,831 $202,515 $48,213 $154,302
2017 $2,778 $198,545 $47,268 $151,277
2016 $2,717 $194,653 $46,342 $148,311
2015 $2,726 $191,731 $45,647 $146,084
2014 $2,685 $187,976 $44,753 $143,223
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Trent Teigen

    Bennion Deville Homes

    (760) 641-0075

    36 Total Sales

    Trent Teigen
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219038591

California Desert Association of REALTORS®

APN: 652-190-043

California Riverside County Palm Desert 92260

72314 Merry Vale Way, Palm Desert, CA

This home is located at 72314 Merry Vale Way, Palm Desert, CA 92260 since 07 February 2020 and is currently estimated at $464,626, approximately $280 per square foot. This property was built in 1979. 72314 Merry Vale Way is a home located in Riverside County with nearby schools including La Quinta Middle School, Palm Desert High School, and George Washington Charter School.

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.

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