C
Seller's Agent in 2020
Chuck Bennett
HK Lane Real Estate
73970 Grapevine St Palm Desert, CA 92260
Estimated Value: $1,463,000 - $1,925,000
8
Beds
8
Baths
4,400
Sq Ft
$375/Sq Ft
Est. Value
Highlights
- On Golf Course
- Heated In Ground Pool
- Premium Lot
- Palm Desert High School Rated A
- Panoramic View
- Granite Countertops
About This Home
As of April 2020In Escrow but subject to buyers sale of property to be determined by 2/24/20. Taking back ups. 24 hour notice to remove contingency so dont be afraid to write back . ! Incredible pride of ownership building and location in South Palm Desert, with views backing up to Shadow Mountain Golf Course & mountains in the background, NOTHING LIKE IT!!! Across the street from The Vintage and walking distance to El Paseo and The Living Desert. Large well cared for units in this most desirable location for any apartment building in the desert. Each unit has 2 bedrooms 2 bathrooms, and huge living room with lower patios & upstairs deck to enjoy the phenomenal views. Each unit has 1 car garage space, and is Individually metered, with laundry in each unit. 2 units have been recently gutted and the other two are older but in great condition. Rare opportunity to invest in South Palm Desert units. Also possibly available is 46455 Portola next door on the neighboring corner. Both are identical buildings/set up. Rents are fairly low. VERY low turnoever, Some are long term tenants. Owner will consider trades, Sale is subject to 1031 but owner is looking. Rents are currently $1600, $1625, $1395 and $1225
Last Agent to Sell the Property
Chuck Bennett
HK Lane Real Estate License #00918000 Listed on: 09/12/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,130
Year Built
- Built in 1975
Lot Details
- 0.28 Acre Lot
- On Golf Course
- Home has North and South Exposure
- Landscaped
- Premium Lot
- Rectangular Lot
- Paved or Partially Paved Lot
- Level Lot
- Irregular Lot
- Private Yard
- Back Yard
Property Views
- Lake
- Panoramic
- Golf Course
- Mountain
Home Design
- Slab Foundation
Interior Spaces
- 4,400 Sq Ft Home
- 2-Story Property
- Living Room
- Washer
Kitchen
- Electric Cooktop
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
- Granite Countertops
- Tile Countertops
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- Walk-In Closet
- 8 Full Bathrooms
Parking
- 4 Car Garage
- 4 Parking Garage Spaces
- Garage Door Opener
- Driveway
Pool
- Heated In Ground Pool
- Gunite Pool
- Outdoor Pool
- Fence Around Pool
Utilities
- Central Air
- Air Source Heat Pump
- Underground Utilities
- Property is located within a water district
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity
- The owner pays for gardener, water, trash collection, pool service
- Assessor Parcel Number 630142014
Community Details
Overview
- 4 Units
Building Details
- 5 Separate Electric Meters
- 1 Separate Water Meter
- Insurance Expense $2,497
- Trash Expense $650
- Operating Expense $16,800
- Gross Income $67,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 12, 2019
Closed on
Feb 25, 2020
Sold by
Gottfried Jaymi Lyree
Bought by
Gottfried Robert J
Seller's Agent
Chuck Bennett
HK Lane Real Estate
Buyer's Agent
Sara Swanson
BD Homes-The Paul Kaplan Group
List Price
$1,189,000
Sold Price
$1,120,000
Premium/Discount to List
-$69,000
-5.8%
Total Days on Market
179
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
$529,298
Avg. Annual Appreciation
7.89%
Purchase Details
Closed on
Aug 30, 2012
Sold by
Giroux Daniel B and Giroux Lynda J
Bought by
Bennet 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
$468,750
Interest Rate
3.59%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 2, 1999
Sold by
Schliessmann Donald R and Schliessmann Judith A
Bought by
Giroux Daniel B and Giroux Lynda J
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 | -- | Orange Coast Title Company | |
| Gottfried Robert J | $1,120,000 | Orange Coast Title Company | |
| Bennet Charles A | $625,000 | Ortc | |
| Giroux Daniel B | $330,000 | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Bennett Charles A | $425,000 | |
| Previous Owner | Bennet Charles A | $468,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2020 04/17/20 | Sold | $1,120,000 | -5.8% | $255 / Sq Ft |
| 03/09/2020 03/09/20 | Pending | -- | -- | -- |
| 09/12/2019 09/12/19 | For Sale | $1,189,000 | -- | $270 / Sq Ft |
| 09/12/2019 09/12/19 | Pending | -- | -- | -- |
Source: California Desert Association of REALTORS®
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 | $18,130 | $1,177,318 | $236,514 | $940,804 |
| 2022 | $16,984 | $1,154,234 | $231,877 | $922,357 |
| 2021 | $16,153 | $1,131,603 | $227,331 | $904,272 |
| 2020 | $10,836 | $703,731 | $112,595 | $591,136 |
| 2019 | $10,648 | $689,934 | $110,388 | $579,546 |
| 2018 | $9,631 | $676,407 | $108,224 | $568,183 |
| 2017 | $9,456 | $663,145 | $106,102 | $557,043 |
| 2016 | $9,252 | $650,143 | $104,022 | $546,121 |
| 2015 | $9,281 | $640,379 | $102,460 | $537,919 |
| 2014 | $9,146 | $627,837 | $100,454 | $527,383 |
Source: Public Records
Agents Affiliated with this Home
-
-
Sara Swanson
Buyer's Agent in 2020
Sara Swanson
BD Homes-The Paul Kaplan Group
(760) 399-0706
84 Total Sales
Map
Source: California Desert Association of REALTORS®
MLS Number: 219024441
APN: 630-142-014
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