NOT LISTED FOR SALE

72393 Ridgecrest Ln Palm Desert, CA 92260

Estimated Value: $307,000 - $436,000

2 Beds
2 Baths
1,440 Sq Ft
$425/mo HOA Fee

Last Sold October 24, 2012

Last sale price $170,000 $118 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $2,743/month

216 Days on Market

Highlights

  • Horse Property
  • Spa
  • Atrium Room
  • Palm Desert High School Rated A
  • Mountain View
  • Tennis Courts

About This Home

As of October 2012

Spacious 2 Bedroom, 2 Bath Condo in highly desirable community of Sommerset, 5 mins. from El Paseo; Sunny enclosed Atrium; Vaulted Ceilings; Upgrades (& new bathrooms); Open Kitchen; Breakfast Nook, formal Dining Area; Custom Wood Shutters; new Carpets plus Tiled areas; Steps away from Heated Pool & Spa; 1 car encl.Garage, plus attached 1 car covered Private Carport; Guest Pkg steps away; Quiet Cul-De-Sac; Great Views; 4 Tennis Courts, 11 Pools & Spas; HOA dues include Maintenance of exterior of all condos+ Roof & Painting, Landscaping, Tennis Cts & Pools/Spas; Trash pickup; Repaving sts; Partially Furnished, per Inventory List. Great Views! Enjoy the Good Life here!

Last Agent to Sell the Property

Rebecca Pikus

Power Brokers License #01813753 Listed on: 02/02/2012

Last Buyer's Agent

Lori Webb Carroll

Bennion Deville Homes License #00427829

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,965

Year Built

  • Built in 1978

Lot Details

  • 2,614

HOA Fees

  • $425 Monthly HOA Fees

Home Design

  • Turnkey

Interior Spaces

  • 1,440 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Breakfast Room
  • Dining Area
  • Atrium Room
  • Carpet
  • Mountain Views
  • Laundry Room

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Carport Spaces
  • 2 Car Parking Spaces
  • Guest Parking

Pool

  • Spa
  • Heated Pool
  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district

Additional Features

  • Horse Property
  • Cul-De-Sac
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 652180026

Community Details

Overview

  • Association fees include trash
  • Sommerset South Palm Desert Subdivision
  • On-Site Maintenance

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,965

Year Built

Built in 1978

Lot Details

0

HOA Fees

$425 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Levels: One
  • Builders Tract Code: Sommerset So. Palm D
  • Included In Sale: Refrigerator, Stove, Dishwasher, Microwave, Garbage Disposal; Washer, Dryer; Partially Furnished per Inventory List
  • List Price per Sq Ft: 124.31
  • Lp Sp Ratio: 0.9497
  • View Type: Mountain(s)
  • Year Built: 1978
  • Listing I D: 21447109
  • Listing Member Address: 45110 Club Dr., Ste. D, Indian Wells, CA 92210
  • Listing Member Fax: (760) 534-5888
  • Listing Office Address: 9100 Wilshire Blvd.Suite 725 E, Beverly Hills, CA 90212
  • Listing Office Fax: (760) 269-3560
  • 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

  • Appliances: Dishwasher, Disposal, Refrigerator
  • Flooring: Carpet
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Eating Areas: Breakfast Room, Dining Area
  • Laundry: Individual Room
  • Estimated Sq Ft: 1440.00
  • Windows Treatments: Blinds

Exterior Features

  • Pool: Yes
  • Pool Description: Heated
  • Pool Location: Community
  • Spa Hot Tub: Yes
  • Spa Hot Tub Description: Community
  • View: Yes

Garage/Parking

  • Parking: Guest
  • Total Carport Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Cooling Type: Ceiling Fan(s), Central Air
  • Heating: Central
  • Sewer: In, Connected and Paid
  • Water: Water District

Condo/Co-op/Association

  • Association Fees Include: Trash
  • Association Amenities: Guest Parking, Maintenance Grounds, Tennis Courts
  • HOA Information: Yes
  • HOA Fee 1: 425.00
  • Total Monthly Association Fees: 425.00
  • Unit Location: Ground Floor

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 652180026
  • Lot Acres: 0.0600
  • Lot Description: Horse Property
  • Lot Location: Cul-De-Sac
  • Lot Size: 2614.00

Rental Info

  • Furnished: Turnkey
  • Land Lease Type: Fee Simple

MLS Schools

  • School District: Oak Grove School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2012
Closed on
Sep 13, 2012
Sold by
Dennison Mary Boyles
Bought by
Link Bonny and Link Andrew
Seller's Agent
Rebecca Pikus
Power Brokers
Buyer's Agent
Lori Webb Carroll
Bennion Deville Homes
List Price
$185,000
Sold Price
$170,000
Premium/Discount to List
-$15,000
-8.11%
Current Estimated Value
$390,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,640
Avg. Annual Appreciation
7.00%
Original Mortgage
$136,000
Outstanding Balance
$94,467
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$313,837

Purchase Details

Closed on
Feb 5, 1996
Sold by
Palm Desert National Bank
Bought by
Dennison Mary B
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
Link Bonny $170,000 Orange Coast Title Co
Dennison Mary B $92,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Link Bonny $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2012 10/24/12 Sold $170,000 -5.0% $118 / Sq Ft
09/05/2012 09/05/12 Pending -- -- --
06/16/2012 06/16/12 Price Changed $179,000 -3.2% $124 / Sq Ft
04/28/2012 04/28/12 Price Changed $185,000 +8.8% $128 / Sq Ft
03/06/2012 03/06/12 Price Changed $170,000 -8.1% $118 / Sq Ft
02/02/2012 02/02/12 For Sale $185,000 -- $128 / 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 $2,965 $209,326 $73,877 $135,449
2023 $2,965 $201,200 $71,009 $130,191
2022 $2,812 $197,256 $69,617 $127,639
2021 $2,741 $193,389 $68,252 $125,137
2020 $2,696 $191,407 $67,553 $123,854
2019 $2,650 $187,655 $66,229 $121,426
2018 $2,606 $183,977 $64,932 $119,045
2017 $2,558 $180,370 $63,659 $116,711
2016 $2,502 $176,834 $62,411 $114,423
2015 $2,510 $174,180 $61,475 $112,705
2014 $2,473 $170,771 $60,272 $110,499
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 21447109

California Desert Association of REALTORS®

APN: 652-180-026