NOT LISTED FOR SALE

72957 Bursera Way Palm Desert, CA 92260

Estimated Value: $646,000 - $1,000,000

3 Beds
2 Baths
1,777 Sq Ft
$450/Sq Ft Est. Value

Last Sold May 23, 2016

Last sale price $440,000 $248 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $5,053/month

35 Days on Market

About This Home

As of May 2016

This mid-century single family home is situated on a large lot with a pool with mountain views from pool area. The kitchen has been upgraded with stainless steel appliances and granite counter tops. Open areas with large travertine tiles and plantation shutters throughout, include the living room with a modern fireplace, dining area and family room. Master bedroom has travertine tile. New Berber carpet in the two guest bedrooms. Both bathrooms have been upgraded with tile and new fixtures. Epoxy flooring in garage. Alarm is on contract.

Last Listed By

Joseph Le Mier

Bennion Deville Homes License #01473486 Listed on: 02/04/2016

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,895

Year Built

1961

Lot Details

0

Listing Details

  • Active Date: 2016-02-04
  • Full Bathroom: 2
  • Building Size: 1777.0
  • Building Structure Style: Mid Century
  • Driving Directions: From Hwy 111 up Hwy 74. Turn left on Bursera Way. House on the right-hand side.
  • Full Street Address: 72957 BURSERA WAY
  • Land Lease Purchase: No
  • Pool Construction: In Ground
  • Pool Descriptions: Private Pool
  • Primary Object Modification Timestamp: 2016-05-24
  • View Type: No View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1961

Interior Features

  • Eating Areas: Dining Area
  • Appliances: Microwave, Range, Gas/Electric Range, Oven
  • Advertising Remarks: This mid-century single family home is situated on a large lot with a pool with mountain views from pool area. The kitchen has been upgraded with stainless steel appliances and granite counter tops. Open areas with large travertine tiles and plantation sh
  • Total Bedrooms: 3
  • Builders Tract Code: NOT IN A DEVELOPMENT
  • Builders Tract Name: NOT IN A DEVELOPMENT
  • Fireplace: Yes
  • Levels: One Level
  • Fireplace Rooms: Living Room
  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Floor Material: Travertine
  • Laundry: Laundry Area In Unit
  • Pool: Yes

Exterior Features

  • View: No
  • Lot Size Sq Ft: 13504
  • Common Walls: Detached/No Common Walls
  • Patio: Concrete Slab

Garage/Parking

  • Parking Type: Garage - Two Door

Utilities

  • Cooling Type: Air Conditioning
  • Heating Type: Central Furnace

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2016
Sold by
Barnett Charles R
Bought by
Martinez Thomas and Barnett Charles
Total Days on Market
35
Current Estimated Value
$800,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Outstanding Balance
$51,737
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving
Estimated Equity
$778,519

Purchase Details

Listed on
Feb 4, 2016
Closed on
Jun 9, 2016
Sold by
Barnett Charles R
Bought by
Barnett Charles R and Martinez Thomas E
Seller's Agent
Joseph Le Mier
Bennion Deville Homes
Buyer's Agent
Larry Isaac
Larry Isaac, Broker
List Price
$489,000
Sold Price
$440,000
Premium/Discount to List
-$49,000
-10.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.29%

Purchase Details

Closed on
Mar 15, 2016
Sold by
Martinez Thomas E
Bought by
Barnett Charles R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 11, 2016
Sold by
Oltmans Nancy
Bought by
Barnett Charles R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 17, 2009
Sold by
Bosworth Sanford Harold
Bought by
Oltmans Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,450
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 2009
Sold by
Ginnegar Peter
Bought by
Oltmans Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,450
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2006
Sold by
Ernstson George
Bought by
Ginnegar Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,600
Interest Rate
6.21%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 25, 2005
Sold by
Spectrum Relocations Inc
Bought by
Ernston George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,900
Interest Rate
4.57%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 6, 2004
Sold by
Brembeck John E
Bought by
Spectrum Relocations Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2002
Sold by
Brembeck Patricia H
Bought by
Brembeck Patricia H

Purchase Details

Closed on
May 1, 2002
Sold by
Brembeck Jack F
Bought by
Brembeck Patricia H

Range of Values:

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Average Value
Not Available
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
Martinez Thomas -- Chicago Title Company
Barnett Charles R -- None Available
Barnett Charles R -- Orange Coast Title Company
Barnett Charles R $440,000 Orange Coast Title Company
Oltmans Nancy -- Orange Coast Title Co
Oltmans Nancy $375,000 Orange Coast Title Co
Ginnegar Peter $668,000 Orange Coast Title Co
Ernston George $617,000 Ticor Title Company
Spectrum Relocations Inc $342,000 Ticor Title San Bernardino
Brembeck Patricia H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Thomas $352,000
Previous Owner Barnett Charles R $308,000
Previous Owner Oltmans Nancy $380,450
Previous Owner Ginnegar Peter $133,600
Previous Owner Ginnegar Peter $534,400
Previous Owner Ernstson George $75,000
Previous Owner Ernston George $431,900
Previous Owner Spectrum Relocations Inc $316,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2016 05/23/16 Sold $440,000 -10.0% $248 / Sq Ft
03/10/2016 03/10/16 Pending -- -- --
02/04/2016 02/04/16 For Sale $489,000 -- $275 / Sq Ft
Source: The MLS

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
2023 $6,895 $500,638 $150,189 $350,449
2022 $6,509 $490,823 $147,245 $343,578
2021 $6,346 $481,200 $144,358 $336,842
2020 $6,233 $476,267 $142,878 $333,389
2019 $6,116 $466,929 $140,077 $326,852
2018 $6,003 $457,775 $137,332 $320,443
2017 $5,880 $448,800 $134,640 $314,160
2016 $5,433 $407,925 $122,374 $285,551
2015 $5,442 $401,799 $120,537 $281,262
2014 $5,105 $384,000 $115,000 $269,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-977291PS

The MLS

APN: 628-103-011