NOT LISTED FOR SALE

735 S Riverside Dr Palm Springs, CA 92264

Tahquitz River Estates Neighborhood

Estimated Value: $1,226,199 - $1,716,000

7 Beds
5 Baths
-- Sq Ft
9,148 Sq Ft Lot

Last Sold July 13, 2018

Last sale price $750,000

Est. 97% increase in value since last sale

Current estimated payment $8,679/month

22 Days on Market

About This Home

As of July 2018

Mid Century four unit apartment building located in the desirable area of Tahquitz River Estates, within walking distance to everything Palm Springs has to offer. The building was legally converted from five units to four units with permits. The four units consist of 1 3 bed/2 bath (owners), 1 2 bed/1 bath and 2 1 bed/1 bath. The 3 bed/2 bath possibly could be converted back to two units of 2 bed/1 bath and 1 bed/1 bath. Please confirm with the City of Palm Springs. Great opportunity for owner use or investor with great upside potential. Please do not disturb the tenants or enter property.

Last Agent to Sell the Property

Greg Browne

Bennion Deville Homes License #01162776 Listed on: 05/23/2018

Bennion Deville Homes

Last Buyer's Agent

Joe Simeone

Bennion Deville Home Referrals License #01476531

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,370

Lot Details

0

Listing Details

  • Cross Street: CAMINO REAL
  • Entry Location: Ground Level - no steps
  • Active Date: 2018-05-23
  • Building Structure Style: Mid Century
  • Driving Directions: Sunrise Way to North on South Riverside Drive
  • Full Street Address: 735 S RIVERSIDE DR
  • Pool Construction: In Ground
  • Pool Descriptions: Fenced
  • Primary Object Modification Timestamp: 2018-07-14
  • Total Number of Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Range
  • Actual Annual Gross Rent: 16500.00
  • Actual Gross Annual Income: 16500.00
  • Total Actual Rent: 16500.00
  • Additional Land Available: 2244.00
  • Advertising Remarks: Mid Century four unit apartment building located in the desirable area of Tahquitz River Estates, within walking distance to everything Palm Springs has to offer. The building was legally converted from five units to four units with permits. The four un
  • Assessed Improvement Value: 286477.00
  • Assessed Land Value: 79574.00
  • Total Bedrooms: 7
  • Builders Tract Code: 7000
  • Builders Tract Name: TAHQUITZ RIVER ESTAT
  • Building Permit: Yes
  • Construction: Frame and Stucco
  • Expense Gardener: 200.00
  • Expense Insurance: 158.00
  • Expense Pool: 150.00
  • Expense Tax: 505.00
  • Annual Expense: 14256.00
  • Expense Trash: 115.00
  • Expense Water: 60.00
  • Levels: One Level
  • Net Operating Income: 2244.00
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Leased: 2
  • Number Of Buildings: 1
  • Number Patio: 4
  • Number Range: 3
  • Number Refrigerator: 3
  • Number Water Meters: 1
  • Paved: Yes
  • Appliances: Refrigerator
  • Pool: Yes

Exterior Features

  • Lot Size Sq Ft: 9100
  • Common Walls: Attached
  • Direction Faces: Faces North
  • Construction: Stucco
  • Patio: Concrete Slab

Garage/Parking

  • Other Spaces: 7
  • Carport Spaces: 1
  • Total Parking Spaces: 1
  • Parking Features: Driveway, Uncovered
  • Parking Spaces Total: 7

Utilities

  • Cooling Type: Air Conditioning, Ceiling Fan(s), Evaporative
  • Heating Type: Central Furnace

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Gross Operating Income: 16500.00
  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2018
Closed on
Jun 15, 2018
Sold by
Graff Richard N
Bought by
Simeone Ii Joseph R
Seller's Agent
Greg Browne
Bennion Deville Homes
Buyer's Agent
Joe Simeone
Bennion Deville Home Referrals
List Price
$775,000
Sold Price
$750,000
Premium/Discount to List
-$25,000
-3.23%
Current Estimated Value
$1,474,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$724,050
Avg. Annual Appreciation
9.70%
Original Mortgage
$375,000
Outstanding Balance
$324,312
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$1,149,738

Purchase Details

Listed on
Apr 24, 2013
Closed on
May 2, 2013
Sold by
Hough Michael D
Bought by
Graff Richard N
Seller's Agent
Christopher Sulentic
StoneCrest Real Estate
Buyer's Agent
Art Spaeth
Nelson Shelton & Associates
List Price
$325,000
Sold Price
$345,000
Premium/Discount to List
$20,000
6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.66%
Original Mortgage
$258,750
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 2003
Sold by
Hough Michael D
Bought by
Hough Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2001
Sold by
Hough Michael D
Bought by
Hough Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 2000
Sold by
Hough Michael D
Bought by
Hough Michael D

Purchase Details

Closed on
Nov 3, 1999
Sold by
Juan Castillo
Bought by
Hough Michael D

Purchase Details

Closed on
Aug 26, 1998
Sold by
Castillo Samantha Ann
Bought by
Castillo Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
6.91%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 5, 1998
Sold by
Theresa Sommer
Bought by
Castillo Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
6.91%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 31, 1993
Sold by
Sommer Theresa
Bought by
Sommer Theresa
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Simeone Ii Joseph R $750,000 Orange Coast Title Company
Graff Richard N $345,000 Stewart Title Company
Hough Michael D -- Chicago Title Co
Hough Michael D -- --
Hough Michael D -- Fidelity National Title Co
Hough Michael D -- --
Hough Michael D $239,000 Benefit Land Title
Castillo Juan -- Fidelity National Title Ins
Castillo Juan $229,000 Fidelity National Title Ins
Sommer Theresa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simeone Ii Joseph R $375,000
Previous Owner Graff Richard N $258,750
Previous Owner Hough Michael D $325,000
Previous Owner Hough Michael D $95,000
Previous Owner Castillo Juan $159,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/13/2018 07/13/18 Sold $750,000 -3.2% --
06/14/2018 06/14/18 Pending -- -- --
05/23/2018 05/23/18 For Sale $775,000 +124.6% --
06/28/2013 06/28/13 Sold $345,000 +6.2% $110 / Sq Ft View Prior Sale
04/04/2013 04/04/13 Pending -- -- --
01/03/2013 01/03/13 For Sale $325,000 -- $104 / 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 $11,370 $836,633 $167,326 $669,307
2023 $11,370 $804,148 $160,830 $643,318
2022 $11,572 $788,381 $157,677 $630,704
2021 $11,360 $772,924 $154,586 $618,338
2020 $10,902 $764,999 $153,001 $611,998
2019 $10,732 $750,000 $150,001 $599,999
2018 $6,131 $373,371 $81,165 $292,206
2017 $6,058 $366,051 $79,574 $286,477
2016 $5,881 $358,874 $78,014 $280,860
2015 $5,593 $353,487 $76,844 $276,643
2014 $5,414 $346,565 $75,340 $271,225
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Greg Browne

    Bennion Deville Homes

    (760) 449-7438

    25 Total Sales

    Greg Browne
    Section Image

  • J

    Buyer's Agent in 2018

    Joe Simeone

    Bennion Deville Home Referrals

  • C

    Seller's Agent in 2013

    Christopher Sulentic

    StoneCrest Real Estate

    Section Image

  • A

    Buyer's Agent in 2013

    Art Spaeth

    Nelson Shelton & Associates

See All Agents

Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 18-346684PS

APN: 508-191-005

California Riverside County Palm Springs 92264 Tahquitz River Estates

735 S Riverside Dr, Palm Springs, CA

This home is located at 735 S Riverside Dr, Palm Springs, CA 92264 since 23 May 2018 and is currently estimated at $1,474,050. 735 S Riverside Dr is a home located in Riverside County with nearby schools including Cahuilla Elementary School, Raymond Cree Middle School, and Palm Springs 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.

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.

Nearby Homes