NOT LISTED FOR SALE

73435 Shadow Mountain Dr Palm Desert, CA 92260

South Palm Desert Neighborhood

Estimated Value: $1,170,000 - $1,625,277

7 Beds
7 Baths
3,850 Sq Ft
$372/Sq Ft Est. Value

Last Sold January 24, 2018

Last sale price $935,000 $243 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $8,846/month

99 Days on Market

Highlights

  • Heated In Ground Pool
  • Midcentury Modern Architecture
  • Views
  • Palm Desert High School Rated A
  • Property is near public transit
  • Handicap Accessible

About This Home

As of January 2018

Fantastic neighborhood. Amazing location. This income property is located one street south of El Paseo, the Rodeo Drive of Palm desert, near the end of San Pablo Avenue, the newly designated pedestrian corridor to the Palm Desert Civic Park & one block west of the future Hotel El Paseo. The property is within walking to your favorite place for dinner, shopping, galleries, & all that the famous El Paseo has to offer is just a few steps away from your front door, yet offers a quiet, cozy retreat when you want to get away from it all. This impeccable property shows absolute, total pride of ownership. It has been renovated, remodeled, improved, upgraded & then improved some more. Units consist of three 2-bedroom/2-bath units & one 1-bedroom/1-bath unit, each with it's own detached single car garage & private laundry. With a private, gated courtyard entry, complete with a beautiful in-ground swimming pool, the property is beautifully landscaped & maintained in top condition.

Last Agent to Sell the Property

Doug Fischer

Coldwell Banker Realty License #01299270 Listed on: 10/05/2017

Coldwell Banker Realty

Last Buyer's Agent

Doug Fischer

Coldwell Banker Realty License #01299270 Listed on: 10/05/2017

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,021

Year Built

  • Built in 1954

Lot Details

  • 0.31 Acre Lot
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • Midcentury Modern Architecture
  • Slab Foundation
  • Shingle Roof
  • Tile Roof
  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 3,850 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Property Views

Bedrooms and Bathrooms

  • 7 Bedrooms

Accessible Home Design

  • Handicap Accessible

Pool

  • Heated In Ground Pool
  • Gunite Pool

Location

  • Ground Level
  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener, pool service
  • Assessor Parcel Number 627311001

Community Details

Overview

  • 2 Buildings
  • 4 Units

Recreation

  • Community Pool

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,670
  • Trash Expense $672
  • Net Operating Income $40,331

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,021

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Ground, One, Ground Level, No Unit Above
  • Price Per Unit: 249750.00
  • Builders Tract Code: NA323
  • Building Style: Mid Century
  • Disability Access: Handicap Access
  • List Price per Sq Ft: 259.48
  • Lp Sp Ratio: 0.9359
  • Water District Name: Coachella Valley Water District
  • Year Built: 1954
  • Internal Listing I D: 20190608184759036479000000
  • Listing I D: 217027068
  • Listing Member Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • 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 Member Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Selling Office Address: 72-605 Highway 111, Ste B1, Palm Desert, CA 92260
  • Selling Office Fax: (760) 776-1666
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Unit Information Number Of Units Leased: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 7.00
  • Full Bathrooms: 3
  • Three Quarter Bathrooms: 4
  • Laundry Equipment: Own
  • Estimated Sq Ft: 3850.00
  • Windows Treatments: Blinds, Drapes

Exterior Features

  • Construction: Stucco
  • Roofing: Composition, Shingle, Tile
  • Foundation: Slab
  • Pool: Yes
  • Pool Construction: Gunite, In Ground
  • Pool Description: Not Heated
  • Pool Location: Community
  • View: Yes

Garage/Parking

  • Parking Info Total Garage Spaces: 4.00
  • Parking Info Total Parking Spaces: 8.00

Utilities

  • Number Electric Meters: 5
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Central Air, Ceiling Fan(s)
  • Heating: Central
  • Heating Fuel: Electric
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas, Water Heater Unit
  • Number Gas Meter: 4
  • Laundry Type: Yes

Lot Info

  • Assessor Parcel Number: 627311001
  • Lot Description: Curbs, Rectangular Lot, Street Public, Street Paved, Street Lighting, Storm Drains, Level
  • Lot Location: Near Public Transit
  • Lot Size: 13504.00

Rental Info

  • Owner Pays: Gardener, Pool Service
  • Tenant Pays: Cable TV, Electricity, Gas
  • Land Lease Type: Fee Simple

Multi Family

  • Total Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2019
Sold by
Pickard Garrett W and Whiting Katherine S
Bought by
Pickard Garrett W
Current Estimated Value
$1,432,319

Purchase Details

Listed on
Oct 5, 2017
Closed on
Nov 27, 2017
Sold by
Alexander Karen
Bought by
Whiting Katherine Simpson and Pickard Garrett Wayne
Seller's Agent
Doug Fischer
Coldwell Banker Realty
Buyer's Agent
Doug Fischer
Coldwell Banker Realty
List Price
$999,000
Sold Price
$935,000
Premium/Discount to List
-$64,000
-6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.05%
Original Mortgage
$701,250
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2003
Sold by
Young Annette M
Bought by
Alexander Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
5.94%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 21, 2003
Sold by
Young Annette M and Young Annette Marie
Bought by
Young Annette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.37%
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
Pickard Garrett W -- None Available
Whiting Katherine Simpson $935,000 Stewart Title Of California
Alexander Karen $550,000 Chicago Title Co
Young Annette M -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whiting Katherine Simpson $701,250
Previous Owner Alexander Karen $440,000
Previous Owner Young Annette M $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2018 01/24/18 Sold $935,000 -6.4% $243 / Sq Ft
01/12/2018 01/12/18 Pending -- -- --
10/05/2017 10/05/17 For Sale $999,000 -- $259 / 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 $15,021 $1,063,865 $267,387 $796,478
2023 $15,021 $1,022,555 $257,005 $765,550
2022 $14,301 $1,002,506 $251,966 $750,540
2021 $13,969 $982,850 $247,026 $735,824
2020 $13,686 $972,774 $244,494 $728,280
2019 $13,115 $953,700 $239,700 $714,000
2018 $9,882 $696,252 $168,684 $527,568
2017 $9,705 $682,778 $165,377 $517,401
2016 $9,497 $669,568 $162,135 $507,433
2015 $9,529 $659,647 $159,700 $499,947
2014 $6,459 $409,004 $125,000 $284,004
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Doug Fischer

    Coldwell Banker Realty

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Map

Source: California Desert Association of REALTORS®

MLS Number: 217027068

California Desert Association of REALTORS®

APN: 627-311-001

California Riverside County Palm Desert 92260 South Palm Desert

73435 Shadow Mountain Dr, Palm Desert, CA

This home is located at 73435 Shadow Mountain Dr, Palm Desert, CA 92260 since 05 October 2017 and is currently estimated at $1,432,319, approximately $372 per square foot. This property was built in 1954. 73435 Shadow Mountain Dr is a home located in Riverside County with nearby schools including La Quinta Middle School, Palm Desert High School, and George Washington Charter 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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