NOT LISTED FOR SALE

Estimated Value: $486,000 - $1,001,000

10 Beds
6 Baths
3,992 Sq Ft
$194/Sq Ft Est. Value

Last Sold October 10, 2013

Last sale price $500,000 $125 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $4,618/month

171 Days on Market

Highlights

  • 14,810 Sq Ft lot
  • 1-Story Property
  • Forced Air Heating and Cooling System
  • Palm Desert High School Rated A

About This Home

As of October 2013

Fabulous investment opportunity. Great location central Palm Desert close to College, Mall, Restaurants, and Civic Center. Two duplexes, two units have 2 bedroom 1 baths, two units have 3 bedrooms 2 baths, each unit has its own two car garage and laundry area. Exterior is nicely landscaped. Great investment opportunity!

Last Agent to Sell the Property

Denise Francis

Coldwell Banker Realty License #01310492 Listed on: 04/16/2013

Coldwell Banker Realty

Last Buyer's Agent

Katherine Collier

Fathom Realty Group Inc. License #01273959

Fathom Realty Group Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,030

Year Built

  • Built in 1977

Lot Details

  • 0.34 Acre Lot

Home Design

  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 3,992 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 627052025

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $3,864
  • Gross Income $46,800
  • Net Operating Income $42,936

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,030

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Price Per Unit: 125000.00
  • Builders Tract Code: NA-322
  • List Price per Sq Ft: 125.25
  • Lp Sp Ratio: 1.0000
  • Water District Name: CVWD
  • Year Built: 1977
  • Internal Listing I D: 20190608184400955451000000
  • Listing I D: 21474128
  • Listing Member Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Member Fax: (760) 459-1023
  • Listing Office Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Listing Office Fax: (760) 776-1666
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 677 Arrowhead Drive, Palm Desert, CA 92211
  • Selling Office Fax: (760) 834-7575
  • Subdivision: Not Applicable
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 10
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Laundry Equipment: Own
  • Estimated Sq Ft: 3992.00

Exterior Features

  • Roofing: Tar/Gravel
  • Foundation: Slab

Utilities

  • Cooling Type: Air Conditioning, Central Air
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater: Yes

Lot Info

  • Assessor Parcel Number: 627052025
  • Lot Size: 14810.00

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Total Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2022
Sold by
William L Cover Jr And Anne Cover Trust
Bought by
William L Cover Jr And Anne Cover Trust
Current Estimated Value
$776,000

Purchase Details

Listed on
Apr 16, 2013
Closed on
Nov 7, 2013
Sold by
Cover William and Cover Anne
Bought by
Cover William L and Cover Anne
Seller's Agent
Denise Francis
Coldwell Banker Realty
Buyer's Agent
Katherine Collier
Fathom Realty Group Inc.
List Price
$544,000
Sold Price
$500,000
Premium/Discount to List
-$44,000
-8.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.80%

Purchase Details

Listed on
Apr 16, 2013
Closed on
Sep 19, 2013
Sold by
Nguyen Hoa Phan
Bought by
Cover William and Cover Anne
Seller's Agent
Denise Francis
Coldwell Banker Realty
Buyer's Agent
Katherine Collier
Fathom Realty Group Inc.
List Price
$544,000
Sold Price
$500,000
Premium/Discount to List
-$44,000
-8.09%

Purchase Details

Closed on
Jan 5, 2007
Sold by
Hossain Mohammad Mahboob
Bought by
Nguyen Hoa Phan

Purchase Details

Closed on
Jan 3, 2007
Sold by
Nguyen Hoa Phan and Nguyen Mihn Hoa T
Bought by
Nguyen Hoa Phan

Purchase Details

Closed on
Apr 11, 2003
Sold by
Stewart Jacoline K
Bought by
Nguyen Mihn Hoa T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
May 10, 2002
Sold by
Pierce Raymond C and Pierce Raymond Clifton
Bought by
Stewart Jacoline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
6.5%
Mortgage Type
Commercial
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
William L Cover Jr And Anne Cover Trust -- --
Cover William L -- None Available
Cover William $500,000 Lawyers Title Company
Nguyen Hoa Phan -- Gateway Title Company
Nguyen Hoa Phan -- Gateway Title Company
Nguyen Mihn Hoa T $525,000 First American Title Co
Stewart Jacoline $410,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Mihn Hoa T $367,500
Previous Owner Stewart Jacoline $164,000
Closed Stewart Jacoline $164,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2013 10/10/13 Sold $500,000 -8.1% $125 / Sq Ft
10/04/2013 10/04/13 Pending -- -- --
04/16/2013 04/16/13 For Sale $544,000 -- $136 / 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 $6,030 $475,749 $126,597 $349,152
2023 $6,030 $294,556 $88,365 $206,191
2022 $3,774 $288,779 $86,630 $202,149
2021 $3,683 $283,118 $84,932 $198,186
2020 $3,626 $280,216 $84,062 $196,154
2019 $3,557 $274,722 $82,414 $192,308
2018 $3,490 $269,337 $80,800 $188,537
2017 $3,418 $264,057 $79,216 $184,841
2016 $3,333 $258,880 $77,663 $181,217
2015 $3,339 $254,994 $76,498 $178,496
2014 $3,207 $250,000 $75,000 $175,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 21474128

California Desert Association of REALTORS®

APN: 627-052-025