NOT LISTED FOR SALE

73401 Royal Palm Dr Palm Desert, CA 92260

Palma Village Groves Neighborhood

Estimated Value: $503,000 - $711,000

2 Beds
2 Baths
1,722 Sq Ft
$363/Sq Ft Est. Value

Last Sold May 17, 2019

Last sale price $453,750 $264 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,880/month

29 Days on Market

About This Home

As of May 2019

Great investor opportunity or Perfect Compound!! Front house and back casita can be rented separately for more income. Call for more information Beautiful Mid Century Design and STUNNING Renovations! 2 separately metered units great for a rental or multigenerational family, one is a 2bd/2ba house with a 2 car garage and washer/dryer hook up, and the other is a 1bd/1ba separately metered guest house with full size washer/dryer. Big corner lot with lots of potential and room for a pool! Near shopping at El Paseo and all the recreation that Palm Desert offers! Main house is approximately 1200 SqFt with 2bd/2ba and guest house/2nd unit has 522 SqFt with 1bd/1ba. Central A/C in both units. Both Units have been extensively renovated in a Gorgeous Mid Century aesthetic. Featuring Caesar Stone in all bathrooms and the Kitchen of the smaller unit. Newer AC This property MUST be seen!!!

Last Agent to Sell the Property

Shaun Waters

Platinum Star Properties License #01967855 Listed on: 04/07/2019

Co-Listed By

Byron Lohman

Platinum Star Properties License #01272085

Last Buyer's Agent

NonMember AgentDefault

NonMember OfficeDefault

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,804

Year Built

1958

Lot Details

0

Parking

2

Listing Details

  • Active Date: 2019-04-07
  • Building Size: 1722.0
  • Driving Directions: From Hwy 111 go North on San Pablo and then go West on Royal Palm Drive.
  • Full Street Address: 73401 ROYAL PALM DR
  • Primary Object Modification Timestamp: 2019-05-17
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1958

Interior Features

  • Appliances: Built-Ins, Microwave, Range
  • Advertising Remarks: Great investor opportunity or Perfect Compound!! Front house and back casita can be rented separately for more income. Call for more information Beautiful Mid Century Design and STUNNING Renovations! 2 separately metered units great for a rental or multig
  • Assessed Improvement Value: 196000.00
  • Assessed Land Value: 65000.00
  • Total Bedrooms: 2
  • Builders Tract Code: NOT IN A DEVELOPMENT
  • Builders Tract Name: NOT IN A DEVELOPMENT
  • Garage Structures: 1
  • Number Of Buildings: 2
  • Appliances: Dishwasher, Garbage Disposal, Ice Maker, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan, Washer
  • Pool: No

Exterior Features

  • Lot Size Sq Ft: 9583
  • Community Features: Rv Access/Prkg

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Spaces Total: 3
  • Parking Type: Garage, Garage - Two Door, Parking for Guests, Parking for Guests - Onsite, Parking Space

Utilities

  • Cooling Type: Central A/C, Ceiling Fan(s)
  • 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

Listed on
Apr 7, 2019
Closed on
May 7, 2019
Sold by
Herrlinger David H
Bought by
Campos Maria
Seller's Agent
Shaun Waters
Platinum Star Properties
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$475,000
Sold Price
$453,750
Premium/Discount to List
-$21,250
-4.47%
Current Estimated Value
$624,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,050
Avg. Annual Appreciation
5.15%

Purchase Details

Listed on
Oct 25, 2017
Closed on
Jan 26, 2018
Sold by
Mishriki Joseph R
Bought by
Herrlinger David H
Seller's Agent
Shaun Waters
Platinum Star Properties
Buyer's Agent
Byron Lohman
Platinum Star Properties
List Price
$349,900
Sold Price
$335,000
Premium/Discount to List
-$14,900
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.98%
Original Mortgage
$284,750
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2005
Sold by
The Mary Ann Faubert Revocable Intervivo
Bought by
Mishriki Joseph R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,500
Interest Rate
5.81%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 21, 1999
Sold by
Marie Ray and Marie Edwin T
Bought by
Faubert Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,400
Interest Rate
4.85%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Campos Maria $454,000 Lawyers Title
Herrlinger David H $335,000 Orange Coast Title Company
Mishriki Joseph R $395,000 Gateway Title Company Colton
Faubert Mary Ann $132,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Herrlinger David H $284,750
Previous Owner Mishriki Joseph R $316,000
Previous Owner Faubert Mary Ann $92,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2019 05/17/19 Sold $453,750 -4.5% $264 / Sq Ft
05/06/2019 05/06/19 For Sale $475,000 +4.7% $276 / Sq Ft
05/01/2019 05/01/19 Off Market $453,750 -- --
04/07/2019 04/07/19 For Sale $475,000 +41.8% $276 / Sq Ft
02/21/2018 02/21/18 Sold $335,000 -4.3% $195 / Sq Ft
10/25/2017 10/25/17 For Sale $349,900 -- $203 / Sq Ft
Source: Palm Springs Regional 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 $6,804 $506,164 $5,576 $500,588
2023 $6,804 $486,510 $5,360 $481,150
2022 $6,425 $476,971 $5,255 $471,716
2021 $6,282 $467,619 $5,152 $462,467
2020 $6,172 $462,825 $5,100 $457,725
2019 $4,698 $341,700 $85,425 $256,275
2018 $4,614 $335,000 $84,000 $251,000
2017 $3,703 $261,000 $65,000 $196,000
2016 $3,579 $253,000 $63,000 $190,000
2015 $3,466 $240,000 $60,000 $180,000
2014 $3,021 $215,000 $54,000 $161,000
Source: Public Records

Agents Affiliated with this Home

  • Shaun Waters

    Seller's Agent in 2019

    Shaun Waters

    Platinum Star Properties

    (760) 636-3404

    48 Total Sales

    Shaun Waters
    Section Image
  • Byron Lohman

    Seller Co-Listing Agent in 2019

    Byron Lohman

    Platinum Star Properties

    (760) 534-1552

    58 Total Sales

    Byron Lohman
    Section Image

  • N

    Buyer's Agent in 2019

    NonMember AgentDefault

    NonMember OfficeDefault

See All Agents

Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 19-452654PS

APN: 627-084-006

California Riverside County Palm Desert 92260 Palma Village Groves

73401 Royal Palm Dr, Palm Desert, CA

This home is located at 73401 Royal Palm Dr, Palm Desert, CA 92260 since 07 April 2019 and is currently estimated at $624,800, approximately $362 per square foot. This property was built in 1958. 73401 Royal Palm Dr is a home located in Riverside County with nearby schools including Abraham Lincoln Elementary School, La Quinta Middle School, and Palm Desert High School.

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