NOT LISTED FOR SALE

72383 Ridgecrest Ln Palm Desert, CA 92260

Estimated Value: $420,000 - $475,000

3 Beds
2 Baths
1,786 Sq Ft
$425/mo HOA Fee

Last Sold September 15, 2016

Last sale price $208,000 $116 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $3,108/month

6 Days on Market

Highlights

  • In Ground Pool
  • No Units Above
  • Mountain View
  • Palm Desert High School Rated A
  • Primary Bedroom Suite
  • Atrium Room

About This Home

As of September 2016

Palm Desert Living at it's Finest! The Sommerset Condominiums offer Lush Landscaping, greenbelts, 11 Swimming Pools, Some with Spas, Two Tennis Courts, and Guest Parking. Enjoy the View of the Palm Trees up against the Mountainous Backdrop . Location is Fabulous....You're just minutes away from The Shops on El Paseo the "Rodeo Drive" of Palm Desert. You're aproximately 10 minutes from Costco, Lowes, Home Depot and Most Shopping! Surrounded by Many Beautiful Golf courses! 13 miles from Palm Springs Airport. This Condo features 3 large bedrooms and 2 baths. Living area is spacious and kitchen has a great view of front atrium. Home is priced with cosmetic repair in mind...add your own carpet and paint, blinds and enjoy your new desert oasis! This is a PUD, Roof is covered, exterior fire is covered but please confirm with HOA. ALL PHOTOS WILL BE UPLOADED BY THURSDAY! SEE VISUAL TOUR NOW!

Last Agent to Sell the Property

Alice Bechtel

KELLER WILLIAMS RIVERSIDE CENT License #01729146 Listed on: 07/25/2016

KELLER WILLIAMS RIVERSIDE CENT

Last Buyer's Agent

John Glynn

John P Glynn, Broker License #036996

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,350

Year Built

  • Built in 1978

Lot Details

  • No Units Above
  • Two or More Common Walls
  • Landscaped

HOA Fees

  • $425 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,786 Sq Ft Home
  • Living Room
  • Atrium Room
  • Mountain Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Additional Features

  • In Ground Pool
  • Central Air

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 9377
  • Assessor Parcel Number 652180021

Community Details

Overview

  • 193 Units
  • Desert Resort Management Association
  • Sommerset So. Palm Desert Subdivision
  • Greenbelt

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,350

Year Built

Built in 1978

Lot Details

0

HOA Fees

$425 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: washer, dryer and refrigerator and stove
  • Property Attached: Yes
  • Subdivision Name Other: Sommerset So. Palm Desert (32341)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 652180021
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1786.00
  • Common Walls: 2+ Common Walls, No One Above
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: Two
  • Price Per Square Foot: 116.46
  • Room Type: Atrium, Living Room, Main Floor Bedroom, Primary Suite

Exterior Features

  • View: Mountain(s)
  • Pool Features: Association, In Ground
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 425.00
  • Association Fee Frequency: Monthly
  • Association Name: Desert Resort Management
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs

Schools

  • School District: Desert Sands Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Greenbelt, Landscaped

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 193

Tax Info

  • Tax Lot: 21
  • Tax Tract Number: 9377

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2016
Closed on
Aug 3, 2016
Sold by
Melhuish David B
Bought by
Garner Heath Gregory
Seller's Agent
Alice Bechtel
KELLER WILLIAMS RIVERSIDE CENT
Buyer's Agent
John Glynn
John P Glynn, Broker
List Price
$208,000
Sold Price
$208,000
Current Estimated Value
$453,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,410
Avg. Annual Appreciation
8.99%
Original Mortgage
$204,232
Outstanding Balance
$162,690
Interest Rate
3.43%
Mortgage Type
FHA
Estimated Equity
$290,720

Purchase Details

Closed on
Feb 27, 2012
Sold by
Melhuish Dorris Jean
Bought by
Melhuish Dorris J
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
Garner Heath Gregory $208,000 Fnt Ie
Melhuish Dorris J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garner Heath Gregory $204,232
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2016 09/15/16 Sold $208,000 0.0% $116 / Sq Ft
07/31/2016 07/31/16 Pending -- -- --
07/25/2016 07/25/16 For Sale $208,000 -- $116 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,350 $241,398 $60,348 $181,050
2023 $3,350 $232,025 $58,005 $174,020
2022 $3,200 $227,476 $56,868 $170,608
2021 $3,117 $223,016 $55,753 $167,263
2020 $3,052 $220,730 $55,182 $165,548
2019 $2,999 $216,402 $54,100 $162,302
2018 $2,948 $212,160 $53,040 $159,120
2017 $2,893 $208,000 $52,000 $156,000
2016 $2,456 $180,041 $46,498 $133,543
2015 $2,462 $177,338 $45,800 $131,538
2014 $2,425 $173,865 $44,903 $128,962
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG16162110

California Regional Multiple Listing Service (CRMLS)

APN: 652-180-021