NOT LISTED FOR SALE

73951 Shadow Mountain Dr Palm Desert, CA 92260

South Palm Desert Neighborhood

Estimated Value: $582,000 - $1,104,000

7 Beds
6 Baths
3,764 Sq Ft
$248/Sq Ft Est. Value

Last Sold April 30, 2013

Last sale price $425,000 $113 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $5,495/month

303 Days on Market

Highlights

  • In Ground Pool
  • Midcentury Modern Architecture
  • 1-Story Property
  • Palm Desert High School Rated A
  • Mountain View
  • Landscaped

About This Home

As of April 2013

This triplex has a fantastic location. It is one block from Washington Charter School and 2 blocks from El Paseo. The front large uinit is 1800 sq. ft.3 bed 2bath and the other 2 are 1000 sq. ft. and 2 bed 2 bath. Each unit has it's own fenced yard and washer and dryer. They share a lovely pool. All three units have nearly new carpet and paint.Listing agent is a Real Estate sales person and is acting as a princpal to this agreement for her own account,and is an agent of Windermere Real Estate

Last Agent to Sell the Property

Gloria Wallace

Bennion Deville Homes License #00759674 Listed on: 06/25/2012

Last Buyer's Agent

Diane Gibson

License #01473086

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.31 Acre Lot
  • North Facing Home
  • Landscaped
  • Rectangular Lot
  • Level Lot

Property Views

  • Mountain
  • Pool

Home Design

  • Midcentury Modern Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,764 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Vertical Blinds
  • Security Lights

Bedrooms and Bathrooms

  • 7 Bedrooms

Parking

  • 8 Carport Spaces
  • 10 Car Parking Spaces

Pool

  • In Ground Pool
  • Gunite Pool
  • Outdoor Pool

Location

  • Ground Level

Schools

  • Washington Charter Elementary School
  • Palm Desert Middle School
  • Palm Desert High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener, water, pool service
  • Assessor Parcel Number 627351005

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $131
  • Trash Expense $31
  • Gross Income $40,200
  • Net Operating Income $2,189

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.31 Acres

Listing Details

  • Property Type: Residential Income
  • Property Orientation Faces: Front Door Faces North
  • Levels: One
  • Price Per Unit: 153000.00
  • Builders Tract Code: NA-323
  • Building Style: Mid Century
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 121.94
  • Lp Sp Ratio: 0.9259
  • View Type: Mountain(s), Pool
  • Water District Name: Coachella Valley Water Dist.
  • Year Built: 1965
  • ADA Compliant: Yes
  • Internal Listing I D: 20190608183711178078000000
  • Listing I D: 21456499
  • Listing Member Address: 47-250 Washington St. Ste B, La Quinta, CA 92253
  • Listing Office Address: 47-250 Washington St, Ste B, La Quinta Office, La Quinta, CA 92253
  • Listing Office Fax: (760) 564-9686
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 74855 Country Club Dr., Palm Desert, CA 92260
  • Selling Office Fax: (760) 340-9970
  • Subdivision: Not Applicable
  • Unit Information Number Of Units Leased: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: 3
  • Total Bedrooms: 7
  • Total Bathrooms: 6.00
  • Full Bathrooms: 3
  • Three Quarter Bathrooms: 3
  • Laundry Equipment: Own
  • Estimated Sq Ft: 3764.00
  • Windows Treatments: Vertical Blinds

Exterior Features

  • Roofing: Composition, Shingle
  • Foundation: Slab
  • Pool: Yes
  • Pool Construction: Gunite, In Ground
  • Pool Location: Private
  • View: Yes
  • Numberof Patios: 3

Garage/Parking

  • Parking Info Total Carport Spaces: 8.00
  • Parking Info Total Parking Spaces: 10.00

Utilities

  • TV Svcs: Cable TV
  • Number Electric Meters: 3
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Central Air, Ceiling Fan(s)
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Security: Exterior Security Lights
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas
  • Number Gas Meter: 3
  • Water Heater: Yes

Lot Info

  • Assessor Parcel Number: 627351005
  • Lot Description: Curbs, Rectangular Lot, Street Lighting, Level, Landscaped
  • Lot Dimensions: 13504
  • Lot Size: 13504.00

Rental Info

  • Owner Pays: Gardener, Water, Pool Service
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Number Of Dishwashers: 3
  • Number Of Refrigerators: 3
  • Total Units: 3

MLS Schools

  • Elementary School: Washington Charter
  • High School: Palm Desert
  • Junior Middle School: Palm Desert
  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2025
Sold by
Perez Ramon and Perez Veronica
Bought by
73951 Shadow Mountain Llc
Current Estimated Value
$934,737

Purchase Details

Listed on
Jun 25, 2012
Closed on
Mar 29, 2013
Sold by
Wallace Gloria Soss
Bought by
Perez Ramon and Perez Veronica
Seller's Agent
Gloria Wallace
Bennion Deville Homes
Buyer's Agent
Diane Gibson
List Price
$489,000
Sold Price
$425,000
Premium/Discount to List
-$64,000
-13.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%
Original Mortgage
$318,750
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2005
Sold by
Wallace Gloria Soss
Bought by
Wallace Gloria Soss

Purchase Details

Closed on
May 12, 2003
Sold by
Wallace William H and Wallace Gloria S
Bought by
Wallace William Henry and Wallace Gloria Soss

Purchase Details

Closed on
Jul 16, 2001
Sold by
Hawn Patricia Noble and Noble Barbara I
Bought by
Wallace William H and Wallace Gloria S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
6.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 1998
Sold by
Noble Barbara I
Bought by
Noble Barbara I and Hawk Patricia Noble
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
73951 Shadow Mountain Llc -- None Listed On Document
Perez Ramon $425,000 Orange Coast Title Co
Wallace Gloria Soss -- --
Wallace William Henry -- --
Wallace William H $360,000 Orange Coast Title
Noble Barbara I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Ramon $318,750
Previous Owner Wallace William H $185,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2013 04/30/13 Sold $425,000 -13.1% $113 / Sq Ft
04/24/2013 04/24/13 Pending -- -- --
06/25/2012 06/25/12 For Sale $489,000 -- $130 / Sq Ft
Source: California Desert Association of REALTORS®

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 $7,586 $523,341 $135,447 $387,894
2023 $7,586 $503,022 $130,189 $372,833
2022 $7,174 $493,160 $127,637 $365,523
2021 $6,987 $483,491 $125,135 $358,356
2020 $6,873 $478,534 $123,852 $354,682
2019 $6,759 $469,152 $121,424 $347,728
2018 $6,648 $459,954 $119,045 $340,909
2017 $6,529 $450,936 $116,711 $334,225
2016 $6,390 $442,095 $114,423 $327,672
2015 $6,409 $435,456 $112,705 $322,751
2014 $6,318 $426,929 $110,499 $316,430
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2013

    Gloria Wallace

    Bennion Deville Homes

  • D

    Buyer's Agent in 2013

    Diane Gibson

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 21456499

California Desert Association of REALTORS®

APN: 627-351-005

California Riverside County Palm Desert 92260 South Palm Desert

73951 Shadow Mountain Dr, Palm Desert, CA

Not Listed for Sale

MultiFamily

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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