$285,000
SOLD JUL 15, 2015

73435 Catalina Way Palm Desert, CA 92260

Palma Village Groves Neighborhood
3 Beds
2 Baths
1,588 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$179 Per Sq Ft

5% Below List Price

100 Days on Market

About This Home

As of August 2021

An excellent investment combination of real estate and business concern. Approximately 85% of the value is in real estate the remainder is a business which requires approximately seven hours per week. The current capitalization rate is 12% with the potential to be as high as 20%. All lead sources, operating parameters and on-site management are in place and well established. House of gratitude provides transitional housing for adult males exiting local addiction recovery centers.

Last Agent to Sell the Property

Robert Lewallen

Robert Lewallen, Broker License #01303714 Listed on: 03/30/2015

Last Buyer's Agent

Delaney Dabney-Hammons

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,321

Year Built

  • Built in 1978

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • 2 Car Garage

Interior Spaces

  • 1,588 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Community Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $47,500
  • Net Operating Income $37,500

Listing and Financial Details

  • The owner pays for electricity, water, gas, gardener
  • Assessor Parcel Number 627052013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,321

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Price Per Unit: 299000.00
  • Building Number Of Stories: 1
  • Included In Sale: furnishings. Fictitious Business Name. Logos. Telephone numbers. Website. Goodwill
  • List Price per Sq Ft: 188.29
  • Lp Sp Ratio: 0.9532
  • Year Built: 1978
  • Internal Listing I D: 20190608184659750045000000
  • Listing I D: 215010814
  • Listing Member Address: 154 Don Miguel Circle, Palm Desert, CA 92260
  • Listing Office Address: 154 Don Miguel Circle, Palm Desert, CA 92260
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Selling Office Fax: (760) 770-9510
  • Subdivision: Not Applicable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Estimated Sq Ft: 1588.00

Garage/Parking

  • Parking Info Total Garage Spaces: 2.00
  • Parking Info Total Parking Spaces: 4.00

Utilities

  • Number Electric Meters: 1
  • Number Water Meters: 1
  • Sewer: Unknown
  • Number Gas Meter: 1

Lot Info

  • Assessor Parcel Number: 627052013
  • Lot Size: 7405.00

Rental Info

  • Owner Pays: Electricity, Water, Gas, Gardener

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 1
  • Total Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Jul 12, 2021
Sold by
Gonzalez Sandra Yollbeth Rios
Bought by
Arguera Jose R
Seller's Agent
Jon McGihon
Bennion Deville Homes
Buyer's Agent
Raquel Davalos
RE/MAX Consultants
List Price
$439,000
Sold Price
$439,000
Current Estimated Value
$545,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,235
Avg. Annual Appreciation
5.25%
Original Mortgage
$395,100
Outstanding Balance
$360,568
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$177,551

Purchase Details

Listed on
Jun 2, 2021
Closed on
Jun 24, 2021
Sold by
Jesse Family Trust and Jesse James
Bought by
Arguera Jose and Cruz Erlinda B
Seller's Agent
Jon McGihon
Bennion Deville Homes
Buyer's Agent
Raquel Davalos
RE/MAX Consultants
List Price
$439,000
Sold Price
$439,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,100
Outstanding Balance
$360,568
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$177,551

Purchase Details

Listed on
Mar 30, 2015
Closed on
Jul 7, 2015
Sold by
Gibson Catherine
Bought by
Gibson Matthew
Seller's Agent
Robert Lewallen
Robert Lewallen, Broker
Buyer's Agent
Delaney Dabney-Hammons
Keller Williams Realty
List Price
$299,000
Sold Price
$285,000
Premium/Discount to List
-$14,000
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.39%

Purchase Details

Listed on
Mar 30, 2015
Closed on
Jul 6, 2015
Sold by
Gibson Matthew D
Bought by
Jesse James and Jesse Family Trust
Seller's Agent
Robert Lewallen
Robert Lewallen, Broker
Buyer's Agent
Delaney Dabney-Hammons
Keller Williams Realty
List Price
$299,000
Sold Price
$285,000
Premium/Discount to List
-$14,000
-4.68%

Purchase Details

Closed on
Sep 5, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Gibson Matthew D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
5.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2009
Sold by
Santos Jaime L and Santos Celina
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Feb 10, 2006
Sold by
Cook Kenneth G and Cook Kimberly N
Bought by
Santos Jaime L and Santos Celina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,200
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 2002
Sold by
Goldman Ginger
Bought by
Cook Kenneth G and Cook Kimberly N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
9.5%

Purchase Details

Closed on
Jan 2, 1995
Sold by
Brooks Kathryn S
Bought by
Goldman Ginger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.48%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Interfamily Deed Transfer -- Orange Coast Title Company
Interfamily Deed Transfer -- Orange Coast Title Company
Grant Deed $439,000 Orange Coast Title
Grant Deed $439,000 Orange Coast Title Company
Interfamily Deed Transfer -- Orange Coast Title Company
Grant Deed $285,000 Orange Coast Title Company
Grant Deed $135,000 Ticor Title
Trustee Deed $165,067 Accommodation
Grant Deed $344,000 First American Title Company
Grant Deed $63,090 Chicago Title Co
Grant Deed $20,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $395,100 New Conventional
Closed $395,100 No Value Available
Previous Owner $135,000 Purchase Money Mortgage
Previous Owner $275,200 Purchase Money Mortgage
Previous Owner $271,660 Unknown
Previous Owner $223,722 Unknown
Previous Owner $15,000 Credit Line Revolving
Previous Owner $153,000 Unknown
Previous Owner $100,000 No Value Available
Previous Owner $85,000 Unknown
Previous Owner $70,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2021 08/05/21 Sold $439,000 0.0% $276 / Sq Ft
06/02/2021 06/02/21 For Sale $439,000 +54.0% $276 / Sq Ft
07/15/2015 07/15/15 Sold $285,000 -4.7% $179 / Sq Ft
07/08/2015 07/08/15 Pending -- -- --
03/30/2015 03/30/15 For Sale $299,000 -- $188 / 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 $6,321 $846,842 $84,896 $761,946
2023 $6,321 $447,780 $81,600 $366,180
2022 $5,960 $439,000 $80,000 $359,000
2021 $4,341 $311,684 $77,920 $233,764
2020 $4,268 $308,490 $77,122 $231,368
2019 $4,191 $302,442 $75,610 $226,832
2018 $4,116 $296,513 $74,128 $222,385
2017 $4,034 $290,700 $72,675 $218,025
2016 $3,937 $285,000 $71,250 $213,750
2015 $2,185 $144,988 $42,959 $102,029
2014 -- $142,150 $42,118 $100,032
Source: Public Records

Agents Affiliated with this Home

  • Jon McGihon

    Seller's Agent in 2021

    Jon McGihon

    Bennion Deville Homes

    (760) 861-0350

    2 in this area

    52 Total Sales

    Section Image

  • R

    Buyer's Agent in 2021

    Raquel Davalos

    RE/MAX

    Section Image
  • Robert Lewallen

    Seller's Agent in 2015

    Robert Lewallen

    Robert Lewallen, Broker

    (760) 861-3614

    1 in this area

    30 Total Sales

    Section Image

  • D

    Buyer's Agent in 2015

    Delaney Dabney-Hammons

    Keller Williams Realty

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 215010814

California Desert Association of REALTORS®

APN: 627-052-013

California Riverside County Palm Desert 92260 Palma Village Groves

73435 Catalina Way, Palm Desert, CA

This home is located at 73435 Catalina Way, Palm Desert, CA 92260 and is currently priced at $285,000, approximately $179 per square foot. This property was built in 1978. 73435 Catalina Way is a home located in Riverside County with nearby schools including Abraham Lincoln Elementary School, La Quinta Middle School, and Palm Desert High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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