NOT LISTED FOR SALE

73555 Shadow Mountain Dr Palm Desert, CA 92260

South Palm Desert Neighborhood

Estimated Value: $1,009,000 - $1,555,122

7 Beds
7 Baths
3,750 Sq Ft
$363/Sq Ft Est. Value

Last Sold December 28, 2012

Last sale price $540,000 $144 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $8,202/month

216 Days on Market

Highlights

  • Outdoor Pool
  • Midcentury Modern Architecture
  • Central Air
  • Palm Desert High School Rated A
  • 1-Story Property

About This Home

As of December 2012

Fabulous Mid-Century Fourplex...Pristine condition, Prime Location 1 Blk South of El Paseo/adjacent to The Gardens on El Paseo. Excellent rental area with tremendous upside;(3)2Bd 2Ba, (1)1 Bd 1 Ba, Washer/Dryer & Refrigerator each unit, Pool,3 Enclosed Garages, Private Patios for each unit, low maintenance immaculate property.

Last Agent to Sell the Property

Lori Webb Carroll

Bennion Deville Homes License #00427829 Listed on: 05/12/2012

Last Buyer's Agent

Lori Webb Carroll

Bennion Deville Homes License #00427829 Listed on: 05/12/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,991

Year Built

  • Built in 1963

Lot Details

  • 0.31

Home Design

  • Midcentury Modern Architecture
  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 3,750 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Full Bathrooms

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Water Heater

Additional Features

  • Outdoor Pool
  • 0.31 Acre Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener, water, pool service
  • Assessor Parcel Number 627311007

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $900
  • Trash Expense $420
  • Gross Income $3,765
  • Net Operating Income $28,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,991

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Price Per Unit: 135000.00
  • Builders Tract Code: NA-323
  • Building Style: Mid Century
  • List Price per Sq Ft: 144.00
  • Lp Sp Ratio: 1.0000
  • Water District Name: CVWD
  • Year Built: 1963
  • Internal Listing I D: 20190608184157892813000000
  • Listing I D: 21454194
  • Listing Office Address: 44-530 San Pablo Ste 101, Palm Desert, CA 92260
  • Listing Office Fax: (760) 340-9254
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 44-530 San Pablo Ste 101, Palm Desert, CA 92260
  • Selling Office Fax: (760) 340-9254
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • Laundry Equipment: Own
  • Estimated Sq Ft: 3750.00

Exterior Features

  • Roofing: Tar/Gravel
  • Foundation: Slab
  • Pool: Yes

Utilities

  • Cooling Type: Air Conditioning, Central Air
  • Heating Fuel: Natural Gas
  • Water: Water District
  • Water Heater: Yes

Lot Info

  • Assessor Parcel Number: 627311007
  • Lot Size: 13505.00

Rental Info

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

Tax Info

  • Mello Roos: Unknown
  • Annual Tax: 8991.00

Multi Family

  • Total Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2012
Closed on
Jan 15, 2013
Sold by
Fried Robert A and Fried Terryl L
Bought by
Fried Robert A and Fried Terryl L
Seller's Agent
Lori Webb Carroll
Bennion Deville Homes
Buyer's Agent
Lori Webb Carroll
Bennion Deville Homes
List Price
$649,900
Sold Price
$540,000
Premium/Discount to List
-$109,900
-16.91%
Current Estimated Value
$1,361,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$821,031
Avg. Annual Appreciation
7.05%
Original Mortgage
$405,000
Outstanding Balance
$281,278
Interest Rate
3.27%
Mortgage Type
Commercial
Estimated Equity
$1,006,294

Purchase Details

Listed on
May 12, 2012
Closed on
Dec 14, 2012
Sold by
Wahba Victor and Klyusner Maria
Bought by
Fried Robert A and Fried Terryl L
Seller's Agent
Lori Webb Carroll
Bennion Deville Homes
Buyer's Agent
Lori Webb Carroll
Bennion Deville Homes
List Price
$649,900
Sold Price
$540,000
Premium/Discount to List
-$109,900
-16.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Outstanding Balance
$281,278
Interest Rate
3.27%
Mortgage Type
Commercial
Estimated Equity
$1,006,294

Purchase Details

Closed on
Jan 12, 2005
Sold by
Wahba Victor and Klyusner Maria
Bought by
Wahba Victor and Klyusner Maria

Purchase Details

Closed on
Sep 22, 2004
Sold by
Ward Marta Hillgen
Bought by
Wahbe Victor and Klyusner Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.45%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 2, 2002
Sold by
Ward Jay
Bought by
Ward Marta Hillgen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,250
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2002
Sold by
Alley Robert L
Bought by
Ward Marta Hillgen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,250
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 1999
Sold by
Lindquest Development Co
Bought by
Gifford Pearl C

Purchase Details

Closed on
Oct 14, 1997
Sold by
Ware Beverly S
Bought by
Lindquest Development Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,200
Interest Rate
7.23%
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
Fried Robert A -- None Available
Fried Robert A $540,000 Orange Coast Title Co
Wahba Victor -- --
Wahbe Victor $750,000 Old Republic Title Company
Ward Marta Hillgen -- Fidelity National Title Ins
Ward Marta Hillgen $455,000 Fidelity National Title Ins
Gifford Pearl C $365,000 Orange Coast Title
Lindquest Development Co Inc $191,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fried Robert A $405,000
Previous Owner Wahbe Victor $600,000
Previous Owner Ward Marta Hillgen $341,250
Previous Owner Lindquest Development Co Inc $143,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2012 12/28/12 Sold $540,000 -16.9% $144 / Sq Ft
12/14/2012 12/14/12 Pending -- -- --
05/12/2012 05/12/12 For Sale $649,900 -- $173 / 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 $11,829 $664,955 $209,334 $455,621
2023 $11,829 $639,136 $201,206 $437,930
2022 $10,842 $626,605 $197,261 $429,344
2021 $9,984 $614,320 $193,394 $420,926
2020 $9,839 $608,021 $191,411 $416,610
2019 $9,669 $596,100 $187,658 $408,442
2018 $9,509 $584,413 $183,980 $400,433
2017 $9,316 $572,955 $180,373 $392,582
2016 $9,997 $561,722 $176,837 $384,885
2015 $9,055 $553,286 $174,182 $379,104
2014 $8,093 $542,450 $170,771 $371,679
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2012

    Lori Webb Carroll

    Bennion Deville Homes

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 21454194

California Desert Association of REALTORS®

APN: 627-311-007

California Riverside County Palm Desert 92260 South Palm Desert

73555 Shadow Mountain Dr, Palm Desert, CA

This home is located at 73555 Shadow Mountain Dr, Palm Desert, CA 92260 since 12 May 2012 and is currently estimated at $1,361,031, approximately $362 per square foot. This property was built in 1963. 73555 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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