NOT LISTED FOR SALE

73330 Riata Trail Palm Desert, CA 92260

Estimated Value: $1,931,000 - $2,219,926

3 Beds
5 Baths
4,335 Sq Ft
$480/Sq Ft Est. Value

Last Sold May 23, 2019

Last sale price $1,300,000 $300 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $12,617/month

48 Days on Market

Highlights

  • Tennis Courts
  • Heated In Ground Pool
  • Panoramic View
  • Palm Desert High School Rated A
  • Gourmet Kitchen
  • Contemporary Architecture

About This Home

As of May 2019

Riata Trail | Situated on just under 1 Acre in sought after S. Palm Desert, just minutes from downtown, this Tennis Estate offers so much to the Desert Resort Lifestyle seeker. Large Circular driveway, Impressive double door entry, expansive functional and tastefully updated Contemporary design. Sliding walls of glass bring outside resort lifestyle living in filling interior spaces with natural light. With both formal and informal spaces this home continues to flow seamlessly. Relax by a fire in your spacious family room and watch a movie or entertain friends at the wet-bar overlooking pool & tennis. Spacious cooks-kitchen with lots of cabinetry and quality appliances. Spacious master suite wing overlooking pool, lavish bath w/steam shower-multiple heads, deep Japanese soaking tub and double walk-in closets. Two designer Guest suites, one extra private and spacious. Plus an over-sized 3-Car Garage, NEW - HVAC, Water Heaters and Roof make this offering, one heck of a deal!

Last Agent to Sell the Property

David Kibbey

Desert Sotheby's International Realty License #01341384 Listed on: 03/07/2019

Desert Sotheby's International Realty

Last Buyer's Agent

David Kibbey

Coldwell Banker Residential Brokerage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,137

Year Built

  • Built in 1987

Lot Details

  • 0.85 Acre Lot
  • Block Wall Fence
  • Drip System Landscaping
  • Sprinklers on Timer

HOA Fees

  • $13 Monthly HOA Fees

Property Views

  • Panoramic
  • Mountain

Home Design

  • Contemporary Architecture

Interior Spaces

  • 4,335 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Double Door Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Travertine

Kitchen

  • Gourmet Kitchen
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Parking

  • 3 Car Attached Garage
  • Circular Driveway

Pool

  • Heated In Ground Pool
  • Heated Spa
  • Outdoor Pool
  • Saltwater Pool
  • Gunite Spa

Outdoor Features

  • Tennis Courts
  • Built-In Barbecue

Utilities

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

Community Details

  • Silver Spur Ranch Subdivision

Listing and Financial Details

  • Assessor Parcel Number 655051004

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,137

Year Built

Built in 1987

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: Two
  • Builders Tract Code: Silver Spur Ranch
  • Building Number Of Stories: 2
  • Building Style: Contemporary
  • List Price per Sq Ft: 315.80
  • Lp Sp Ratio: 0.9496
  • View Type: Mountain(s), Panoramic
  • Water District Name: Coachella Valley Water Dist
  • Year Built: 1987
  • Listing I D: 219008463
  • Listing Member Address: 74890 Highway 111, Indian Wells, CA 92210
  • Listing Member Fax: (760) 561-9333
  • Listing Office Address: 74890 Highway 111, Indian Wells, CA 92210
  • Selling Member Address: 74890 Highway 111, Indian Wells, CA 92210
  • Selling Member Fax: (760) 561-9333
  • Selling Office Address: 74890 Highway 111, Indian Wells, CA 92210
  • Land Type: Fee
  • Subdivision: Silver Spur Ranch
  • Special Features: None

Interior Features

  • Appliances: Gas Cooktop, Electric Oven, Gas Range
  • Fireplace: Yes
  • Fireplace Location: Family Room, Living Room
  • Range Hood: Yes
  • Fireplace Features: Gas Log
  • Flooring: Travertine
  • Total Bedrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5.00
  • Full Bathrooms: 3
  • Eating Areas: Dining Area
  • Kitchen Features: Gourmet Kitchen, Granite Slab Counters
  • Laundry: Individual Room
  • Estimated Sq Ft: 4335.00

Exterior Features

  • Other Features: Tennis Court
  • Built-in BBQ: Gas
  • Fencing: Block, Fenced
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Heated, Salt Water
  • Pool Location: Private
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: Gunite
  • Spa Hot Tub Description: Heated - Gas
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Circular Driveway
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • TV Svcs: Cable TV
  • Volt 220: In Laundry
  • Cooling Type: Air Conditioning, Central Air
  • Heating: Fireplace(s), Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Water Heater Central

Association/Amenities

  • Association #1 Frequency: Annually

Condo/Co-op/Association

  • HOA Information: Yes
  • HOA Fee 1: 150.00
  • Total Monthly Association Fees: 13.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 655051004
  • Irrigation: Drip System, Sprinkler Timer, Sprinkler System
  • Lot Acres: 0.8500
  • Lot Size: 37026.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple

MLS Schools

  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2020
Sold by
Greenberg Louis and Martin Greenberg Tana
Bought by
Greenberg Louis B and Greenberg Tana Martin
Current Estimated Value
$2,081,982

Purchase Details

Listed on
Mar 7, 2019
Closed on
May 4, 2019
Sold by
Lucas Robert J and Lucas Rebecca A
Bought by
Greenberg Louis and Martin Greenberg Tana
Seller's Agent
David Kibbey
Desert Sotheby's International Realty
Buyer's Agent
David Kibbey
Coldwell Banker Residential Brokerage
List Price
$1,369,000
Sold Price
$1,300,000
Premium/Discount to List
-$69,000
-5.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%

Purchase Details

Closed on
May 21, 2008
Sold by
Dandurand John and Dandurand Margaret
Bought by
Lucas Robert J and Lucas Rebecca A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2007
Sold by
Dandurand John and Dandurand Margaret
Bought by
Dandurand John and Dandurand Margaret

Purchase Details

Closed on
Aug 18, 2006
Sold by
Sherman Lisa Robyn and Sherman Tina Susan
Bought by
Dandurand John and Dandurand Margie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.51%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 18, 2006
Sold by
Union Bank Of California Na
Bought by
Sherman Lisa Robyn and Sherman Tina Susan

Purchase Details

Closed on
Aug 23, 2004
Sold by
Sherman Gerald
Bought by
Sherman Gerald and The Gerald Sherman Revocable Trust

Purchase Details

Closed on
Oct 10, 1996
Sold by
Sherman Gerald
Bought by
Sherman Gerald and The Gerald Sherman Revocable Trust

Purchase Details

Closed on
Dec 23, 1993
Sold by
Sherman Esther
Bought by
Sherman Gerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
7.2%

Purchase Details

Closed on
Dec 20, 1993
Sold by
Lipscomb Lee G
Bought by
Sherman Gerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
7.2%
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
Greenberg Louis B -- None Available
Greenberg Louis $1,300,000 Lawyers Title
Lucas Robert J $1,240,000 Stewart Title
Dandurand John -- Lawyers Title
Dandurand John $1,300,000 Orange Coast Title Co
Sherman Todd Adam -- Orange Coast Title Co
Sherman Lisa Robyn -- Orange Coast Title Co
Sherman Lisa Robyn -- None Available
Sherman Gerald -- --
Sherman Gerald -- --
Sherman Gerald -- Fidelity National Title Ins
Sherman Gerald $740,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lucas Robert J $150,000
Previous Owner Lucas Robert J $573,200
Previous Owner Lucas Robert J $225,000
Previous Owner Lucas Rebecca A $573,000
Previous Owner Lucas Rebecca A $541,000
Previous Owner Lucas Robert J $524,000
Previous Owner Lucas Robert J $417,000
Previous Owner Dandurand John $500,000
Previous Owner Sherman Gerald $328,000
Previous Owner Sherman Gerald $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2019 05/23/19 Sold $1,300,000 -5.0% $300 / Sq Ft
04/24/2019 04/24/19 Pending -- -- --
03/07/2019 03/07/19 For Sale $1,369,000 -- $316 / 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 $18,137 $1,450,170 $33,464 $1,416,706
2023 $18,137 $1,393,860 $32,165 $1,361,695
2022 $17,317 $1,366,531 $31,535 $1,334,996
2021 $16,962 $1,339,737 $30,917 $1,308,820
2020 $16,646 $1,326,000 $30,600 $1,295,400
2019 $16,543 $1,317,680 $468,000 $849,680
2018 $15,928 $1,267,000 $450,000 $817,000
2017 $15,855 $1,263,000 $448,000 $815,000
2016 $15,763 $1,263,000 $448,000 $815,000
2015 $14,044 $1,283,000 $455,000 $828,000
2014 $16,178 $1,282,000 $455,000 $827,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219008463

California Desert Association of REALTORS®

APN: 655-051-004