NOT LISTED FOR SALE

72377 Magnesia Falls Dr Rancho Mirage, CA 92270

Estimated Value: $1,737,000 - $2,049,000

4 Beds
4.5 Baths
3,493 Sq Ft
$535/Sq Ft Est. Value

Sale Details

Date Sold: March 10, 2021

Last sale price $1,400,000 $401 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $11,402 / mo

156 Days on Market

Highlights

  • Attached Guest House
  • Pebble Pool Finish
  • Primary Bedroom Suite
  • James Earl Carter Elementary School Rated A-
  • RV Parking in Community
  • Panoramic View

About This Home

As of March 2021

Remodeled in 2018 adding a 2nd 500 sq.ft Master! Set on nearly 1/2 acre, enter this estate from a circular paver driveway through a large impressive, gated courtyard with wood burning fireplace and fountain. The inviting open floor plan easily flows from the family area w fireplace/ gourmet kitchen w/granite center island, Two dishwashers, laundry/mudroom/pantry, & gst powder rm) to the dining area and on to the 4 ensuite bedrooms this home is tastefully designed to accommodate intimate family dinners or entertain large groups. This home features soaring beamed ceilings, honed limestone floors, and 2 sets of large 3-panel sliders off the family room and dining area that open the house to the spacious backyard paradise. 2 central vacuum systems, TWO separate two car garages w/epoxy floors and built-in storage (one w/its own A/C), 2 master suites and 2 guest ensuite bedrooms. One of the masters, currently used as an office, has its own entrance and could be converted to an attached casita. The south-facing back, stunning mountain views, large firepit, huge pebble tech pool and spa, built-in MISTER system, & built-in patio heaters make outdoor living and entertaining comfortable, relaxing and effortless. Several planting areas and mature citrus trees surround the lush private yard. RV parking, cleanout and hookup. Leased solar panels, ceiling fans in every room and MBR closet, and 4 HVAC zones make for year-round economical comfort. The home shows like new construction.

Last Agent to Sell the Property

Barry Bowen

Bennion Deville Homes License #00934698 Listed on: 09/17/2020

Bennion Deville Homes

Last Buyer's Agent

Robert Downing Tracy Boomer Group

Bennion Deville Homes License #01322803

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1979

Lot Details

  • 19,166 Sq Ft Lot
  • North Facing Home
  • Block Wall Fence
  • Drip System Landscaping
  • Level Lot
  • Misting System
  • Sprinklers on Timer
  • Private Yard
  • Lawn

Property Views

  • Panoramic
  • Mountain
  • Desert

Home Design

  • Contemporary Architecture
  • Traditional Architecture
  • Post Modern Architecture
  • Slab Foundation
  • "S" Clay Tile Roof
  • Stucco Exterior

Interior Spaces

  • 3,493 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Beamed Ceilings
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Custom Window Coverings
  • Window Screens
  • Sliding Doors
  • Entrance Foyer
  • Great Room with Fireplace
  • Combination Dining and Living Room
  • Den
  • Attic Fan
  • Security Lights

Kitchen

  • Updated Kitchen
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Linen Closet
  • Two Primary Bathrooms
  • Powder Room
  • Double Vanity

Laundry

  • Laundry Room
  • Washer
  • 220 Volts In Laundry

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway

Accessible Home Design

  • Handicap Accessible
  • Exterior Wheelchair Lift

Eco-Friendly Details

  • Green Features
  • Energy-Efficient HVAC
  • Energy-Efficient Insulation
  • Energy-Efficient Thermostat
  • Solar owned by a third party

Pool

  • Pebble Pool Finish
  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Saltwater Pool
  • Waterfall Pool Feature

Outdoor Features

  • Covered Patio or Porch
  • Fireplace in Patio
  • Fire Pit
  • Outdoor Grill

Additional Homes

  • Attached Guest House
  • Guest House Has A Garage

Utilities

  • Zoned Heating and Cooling
  • Water Filtration System
  • Property is located within a water district
  • Hot Water Circulator
  • Sewer in Street
  • Cable TV Available

Community Details

  • RV Parking in Community

Listing and Financial Details

  • Assessor Parcel Number 682370005

Home Details

Home Type

Single Family

Year Built

Built in 1979

Lot Details

0.44 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces North
  • Levels: One
  • Building Number Of Stories: 2
  • Building Style: Contemporary, Post Modern, Traditional, Ranch
  • Casita Features: 2 Car Garage
  • Disability Access: Exterior Wheelchair Lift, Handicap Access
  • Entry Location: Foyer
  • List Price per Sq Ft: 400.52
  • Lp Sp Ratio: 1.0000
  • View Type: Desert, Pool, Panoramic, Mountain(s)
  • Water District Name: cochella Valley Water Dist
  • Year Built: 1979
  • Co Selling Office Address: 71-691 Highway 111, Rancho Mirage Office, Rancho Mirage, CA 92270
  • Co Selling Office Fax: (760) 770-6951
  • Listing I D: 219055031
  • Listing Member Address: 71-691 Highway 111, Rancho Mirage, CA 92270
  • Listing Member Fax: (760) 328-8696
  • Listing Office Address: 71-691 Highway 111, Rancho Mirage Office, Rancho Mirage, CA 92270
  • Listing Office Fax: (760) 770-6951
  • Selling Office Address: 71-691 Highway 111, Rancho Mirage Office, Rancho Mirage, CA 92270
  • Selling Office Fax: (760) 770-6951
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Not Applicable
  • Special Features: None

Interior Features

  • Appliances: Bar Ice Maker, Gas Cooktop, Microwave Oven, Gas Oven, Gas Range, Exhaust Fan, Water Line to Refrigerator, Water Filter, Washer, Refrigerator, Ice Maker, Gas Dryer Hookup, Disposal, Dishwasher, Gas/Elec Dryer Hookup, Central Vacuum
  • Appliances Other: 2 vaccumm systems and 2 dishwashers
  • Fireplace: Yes
  • Fireplace Location: Great Room, Patio
  • Interior Amenities: Beamed Ceilings
  • Range Hood: Yes
  • Fireplace Features: Fire Pit, Gas, Wood, Gas & Wood
  • Flooring: Carpet, Stone Tile
  • Bedroom Features: 2 Master Bedrooms, Master Suite
  • Total Bedrooms: 4
  • Bathroom Features: 2 Master Baths, Powder Room, Linen Closet, Double Vanity(s)
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Three Quarter Bathrooms: 4
  • Eating Areas: Kitchen Island, Living/Dining Combo
  • Kitchen Features: Remodeled, Granite Slab Counters, Skylight(s)
  • Laundry: Individual Room
  • Estimated Sq Ft: 3493.00
  • Windows Treatments: Custom Window Covering, Screens

Exterior Features

  • Construction: Stucco
  • Other Features: Barbeque Private, Solar System Financed, Misting System, Slab
  • Other Structures: Guest House Attached
  • Roofing: Clay Tile
  • Fencing: Block
  • Foundation: Slab
  • Patio: Covered, Misters, Concrete Slab
  • Pool: Yes
  • Pool Accessories: Waterfall
  • Pool Construction: In Ground
  • Pool Description: Salt Water, Private, In Ground
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground, Pebble
  • Spa Hot Tub Description: Heated, Private, Heated - Gas
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Circular Driveway, Driveway, Garage Door Opener
  • Total Garage Spaces: 4.00
  • Total Parking Spaces: 14.00
  • Total Uncovered Assigned Spaces: 10.00

Utilities

  • TV Svcs: Cable TV
  • Volt 220: In Laundry
  • Cooling Type: Air Conditioning, Zoned, Dual, Central Air, Ceiling Fan(s), Attic Fan
  • Heating: Central
  • Security: Exterior Security Lights
  • Sewer: In, Connected and Paid, In Street on Bond
  • Water: Water District
  • Water Heater Feature: Hot Water Circulator

Association/Amenities

  • Community Features: RV Access/Parking

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 682370005
  • Irrigation: Drip System, Sprinkler Timer, Sprinkler System
  • Lot Acres: 0.4399
  • Lot Description: Lawn, Yard, Level, Landscaped
  • Lot Size: 19166.00

Green Features

  • Green Energy Efficient: HVAC, Thermostat, Insulation
  • Green Features: Yes
  • Green Location: Transportation, Walkability

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Yes

Multi Family

  • Total Fireplaces: 1

MLS Schools

  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Feb 11, 2021
Sold by
Wolf Erick and Wolf Arliss
Bought by
Reed Phillip S and Reed Jan Stern
Seller's Agent
Barry Bowen
Bennion Deville Homes
Buyer's Agent
Robert Downing Tracy Boomer Group
Bennion Deville Homes
List Price
$1,415,000
Sold Price
$1,400,000
Premium/Discount to List
-$15,000
-1.06%
Current Estimated Value
$1,869,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$469,117
Avg. Annual Appreciation
5.82%
Original Mortgage
$1,000,000
Outstanding Balance
$894,390
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$974,727

Purchase Details

Closed on
Sep 11, 2018
Sold by
Wolf Erick G and Wolf Arliss A
Bought by
Wolf Erick and Wolf Arliss

Purchase Details

Listed on
Sep 8, 2017
Closed on
Oct 10, 2017
Sold by
Fuller Richard A
Bought by
Wolf Erick G and Wolf Arliss A
Seller's Agent
David Kibbey
Desert Sotheby's International Realty
Buyer's Agent
Barry Bowen
Bennion Deville Homes
List Price
$1,139,000
Sold Price
$1,035,000
Premium/Discount to List
-$104,000
-9.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.24%
Original Mortgage
$424,100
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 30, 2014
Closed on
Feb 12, 2015
Sold by
Clause George Edward and Clause James William
Bought by
Fuller Richard A
Seller's Agent
The Pena Group
The Real Estate Company Inc
Buyer's Agent
The Pena Group
The Real Estate Company Inc
List Price
$699,777
Sold Price
$575,000
Premium/Discount to List
-$124,777
-17.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.26%
Original Mortgage
$375,000
Interest Rate
3.65%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Reed Phillip S $1,400,000 Orange Coast Title
Wolf Erick -- None Available
Wolf Erick G $1,035,000 Lawyers Title
Fuller Richard A $575,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reed Phillip S $1,000,000
Previous Owner Wolf Erick G $424,100
Previous Owner Fuller Richard A $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/10/2021 03/10/21 Sold $1,400,000 +0.1% $401 / Sq Ft
02/20/2021 02/20/21 Pending -- -- --
01/11/2021 01/11/21 Price Changed $1,399,000 -1.1% $401 / Sq Ft
09/17/2020 09/17/20 For Sale $1,415,000 +36.7% $405 / Sq Ft
11/03/2017 11/03/17 Sold $1,035,000 -9.1% $346 / Sq Ft View Prior Sale
10/04/2017 10/04/17 Pending -- -- --
09/08/2017 09/08/17 For Sale $1,139,000 +98.1% $380 / Sq Ft
03/25/2015 03/25/15 Sold $575,000 -17.8% $192 / Sq Ft View Prior Sale
02/02/2015 02/02/15 Pending -- -- --
09/30/2014 09/30/14 For Sale $699,777 -- $234 / Sq Ft
Source: California Desert Association of REALTORS®

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 $18,735 $1,515,403 $454,621 $1,060,782
2023 $18,735 $1,456,560 $436,968 $1,019,592
2022 $17,968 $1,428,000 $428,400 $999,600
2021 $14,590 $1,161,138 $326,389 $834,749
2020 $14,316 $1,149,233 $323,043 $826,190
2019 $14,044 $1,126,700 $316,709 $809,991
2018 $12,933 $1,035,000 $310,500 $724,500
2017 $7,884 $613,020 $179,469 $433,551
2016 $7,697 $601,000 $175,950 $425,050
2015 $7,582 $580,380 $173,400 $406,980
2014 $4,108 $304,193 $33,781 $270,412
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219055031

California Desert Association of REALTORS®

APN: 682-370-005

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