Seller's Agent in 2020
Wayne Smith
Corona Del Mar Properties Inc
(949) 300-2215
53 Total Sales
73950 Grapevine St Palm Desert, CA 92260
Estimated Value: $1,407,000 - $1,852,000
8
Beds
8
Baths
4,400
Sq Ft
$367/Sq Ft
Est. Value
Highlights
- On Golf Course
- Private Pool
- Central Heating and Cooling System
- Palm Desert High School Rated A
- Laundry Room
- Greenbelt
About This Home
As of April 2020Strategically located overlooking the Shadow Mountain Golf Course with panoramic views. All units are 2 bedroom, 1.75 baths with a one car garage. All units are approximately 1100 sqft each. Due to a fire a few years ago, all the units have been extensively rebuilt. Therefore, the building is relatively new. The units have all been built with a special soundproofing material making it possible for the adjoining neighbors to enjoy piece and quiet, inside washer and dryer, walk-in closet. One unit is an owners unit and the other have been long term tenant. A proforma and comparable rents in the area would be 1600 per unit. This property has a gated pool, located on the 16th fairway and is in immaculate condition. If location and pride of ownership is what your looking for, search no further.
Last Agent to Sell the Property
Corona Del Mar Properties Inc License #00922140 Listed on: 06/27/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,485
Year Built
- Built in 1974
Lot Details
- 0.26 Acre Lot
- On Golf Course
- Two or More Common Walls
Parking
- 4 Car Garage
Property Views
- Golf Course
- Park or Greenbelt
- Neighborhood
Home Design
- 4,400 Sq Ft Home
- Property Attached
- Tar and Gravel Roof
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Additional Features
- Laundry Room
- Private Pool
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 10
- Tax Tract Number 45117
- Assessor Parcel Number 630142001
Community Details
Overview
- 4 Units
- Greenbelt
Recreation
- Golf Course Community
- Bike Trail
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $600
- Gardener Expense $1,800
- Insurance Expense $1,200
- Pool Expense $1,440
- Water Sewer Expense $600
- New Taxes Expense $15,000
- Operating Expense $20,640
- Gross Income $44,160
- Net Operating Income $38,520
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 27, 2019
Closed on
Feb 25, 2020
Sold by
Gottfried Jaymi Lyree
Bought by
Gottfried Robert J
Seller's Agent
Wayne Smith
Corona Del Mar Properties Inc
Buyer's Agent
Sara Swanson
BD Homes-The Paul Kaplan Group
List Price
$1,200,000
Sold Price
$1,125,000
Premium/Discount to List
-$75,000
-6.25%
Total Days on Market
249
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$491,009
Avg. Annual Appreciation
7.29%
Purchase Details
Closed on
Jun 20, 2013
Sold by
Vallance Tracy A
Bought by
Vallance Tracy A
Purchase Details
Closed on
Mar 30, 2006
Sold by
Bennett Charles A
Bought by
Vallance Tracy A
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
6.35%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 15, 2005
Sold by
Oconnell William A
Bought by
Bennett Charles A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,700
Interest Rate
5.68%
Mortgage Type
Commercial
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gottfried Robert J | -- | None Available | |
| Gottfried Robert J | $1,115,000 | Orange Coast Title Company | |
| Vallance Tracy A | -- | None Available | |
| Vallance Tracy A | $947,500 | Fidelity National Title | |
| Bennett Charles A | -- | Lawyers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Vallance Tracy A | $600,000 | |
| Previous Owner | Bennett Charles A | $466,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/23/2020 04/23/20 | Sold | $1,125,000 | -6.3% | $256 / Sq Ft |
| 06/27/2019 06/27/19 | For Sale | $1,200,000 | -- | $273 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $18,485 | $1,172,062 | $236,514 | $935,548 |
| 2022 | $17,239 | $1,149,081 | $231,877 | $917,204 |
| 2021 | $16,256 | $1,126,551 | $227,331 | $899,220 |
| 2020 | $11,385 | $735,420 | $175,100 | $560,320 |
| 2019 | $11,100 | $714,000 | $170,000 | $544,000 |
| 2018 | $11,082 | $714,000 | $170,000 | $544,000 |
| 2017 | $10,615 | $680,000 | $155,000 | $525,000 |
| 2016 | $10,252 | $658,000 | $150,000 | $508,000 |
| 2015 | $9,630 | $1,077,361 | $267,205 | $810,156 |
| 2014 | $7,693 | $510,000 | $110,000 | $400,000 |
Source: Public Records
Agents Affiliated with this Home
-
Wayne Smith
-
Sara Swanson
Buyer's Agent in 2020
Sara Swanson
BD Homes-The Paul Kaplan Group
(760) 399-0706
84 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP19153607
APN: 630-142-001
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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