NOT LISTED FOR SALE

73450 Catalina Way Palm Desert, CA 92260

Palma Village Groves Neighborhood

Estimated Value: $782,108 - $1,261,000

8 Beds
8 Baths
-- Sq Ft
7,280 Sq Ft Lot

Last Sold August 27, 2014

Last sale price $379,000

Est. 143% increase in value since last sale

Current estimated payment $5,561/month

66 Days on Market

About This Home

As of August 2014

Four units in the heart of Palm Desert within walking distance to College of the Desert, shopping, recreational parks and hiking. Town home style units, 2 bedroom 1.5 bath each. Off street parking.Long time tenants in very quiet complex.

Last Agent to Sell the Property

Lynda Murray

Country Club Properties License #00880148 Listed on: 04/14/2014

Co-Listed By

Kimberly Burns

Country Club Properties License #01913239

Last Buyer's Agent

Out Side Agent

Desert Real Estate Consultants, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,120

Year Built

  • Built in 1975

Lot Details

  • 7,280

Parking

  • 8 Car Parking Spaces

Bedrooms and Bathrooms

  • 8 Bedrooms

Additional Features

  • 2-Story Property
  • 7,280 Sq Ft Lot
  • Ground Level
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 627051035

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $36,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,120

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Price Per Unit: 107475.00
  • Entry Location: Ground Level - No Steps
  • Lp Sp Ratio: 0.8816
  • Year Built: 1975
  • Co Listing Member Address: 77564 Country Club Dr Ste A101, Palm Desert, CA 92211
  • Co Listing Office Address: 77564 Country Club Dr Ste A101, Palm Desert, CA 92211
  • Co Listing Office Fax: (760) 404-1428
  • Internal Listing I D: 20190608184626978529000000
  • Listing I D: 214015641
  • Listing Member Address: 77564 Country Club Dr Ste A101, Palm Desert, CA 92211
  • Listing Office Address: 77564 Country Club Dr Ste A101, Palm Desert, CA 92211
  • Listing Office Fax: (760) 404-1428
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: No Office Address, unassigned zip code, CA 99999
  • Selling Office Address: No Office Address, unassigned zip code, CA 99999
  • Selling Office Fax: (760) 999-9999
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 8
  • Half Bathrooms: 4
  • Total Bathrooms: 8.00
  • Full Bathrooms: 4

Garage/Parking

  • Parking Info Total Parking Spaces: 8.00

Utilities

  • Number Electric Meters: 4
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Central Air
  • Heating: Forced Air
  • Number Gas Meter: 4

Lot Info

  • Assessor Parcel Number: 627051035
  • Lot Size: 7280.00

Rental Info

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

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2014
Closed on
Jul 11, 2014
Sold by
Borges Al B and Borges Teresa A
Bought by
Martin Carlos L
Seller's Agent
Lynda Murray
Country Club Properties
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$429,900
Sold Price
$379,000
Premium/Discount to List
-$50,900
-11.84%
Current Estimated Value
$921,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$542,277
Avg. Annual Appreciation
7.52%
Original Mortgage
$283,000
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2000
Sold by
Borges and Teresa
Bought by
Borges Al B and Borges Teresa A

Purchase Details

Closed on
Jun 2, 1999
Sold by
Elmer Clark Kenneth and Edelw Clintine
Bought by
Borges Al and Borges Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
6.9%
Mortgage Type
Seller Take Back
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
Martin Carlos L $377,500 Lawyers Title
Borges Al B -- --
Borges Al $175,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin Carlos L $283,000
Previous Owner Borges Al $138,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2014 08/27/14 Sold $379,000 -11.8% --
06/19/2014 06/19/14 Pending -- -- --
04/14/2014 04/14/14 For Sale $429,900 -- --
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 $8,120 $453,687 $138,206 $315,481
2023 $8,120 $436,073 $132,841 $303,232
2022 $7,348 $427,524 $130,237 $297,287
2021 $7,083 $419,142 $127,684 $291,458
2020 $6,984 $414,845 $126,375 $288,470
2019 $6,872 $406,712 $123,898 $282,814
2018 $6,766 $398,738 $121,469 $277,269
2017 $6,639 $390,921 $119,088 $271,833
2016 $6,492 $383,256 $116,753 $266,503
2015 $6,477 $377,500 $115,000 $262,500
2014 $4,164 $223,791 $57,544 $166,247
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Lynda Murray

    Country Club Properties

    (760) 275-3239

    9 Total Sales

    Lynda Murray
    Section Image

  • K

    Seller Co-Listing Agent in 2014

    Kimberly Burns

    Country Club Properties

    (760) 902-8796

    3 Total Sales

    Kimberly Burns
    Section Image

  • O

    Buyer's Agent in 2014

    Out Side Agent

    Desert Real Estate Consultants, Inc.

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 214015641

California Desert Association of REALTORS®

APN: 627-051-035

California Riverside County Palm Desert 92260 Palma Village Groves

73450 Catalina Way, Palm Desert, CA

This home is located at 73450 Catalina Way, Palm Desert, CA 92260 since 14 April 2014 and is currently estimated at $921,277. This property was built in 1975. 73450 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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