NOT LISTED FOR SALE

73978 Catalina Way Palm Desert, CA 92260

Palma Village Groves Neighborhood

Estimated Value: $827,000 - $1,126,000

3 Beds
2 Baths
2,367 Sq Ft
$383/Sq Ft Est. Value

Last Sold September 06, 2022

Last sale price $885,000 $374 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,733/month

75 Days on Market

Highlights

  • 17,424 Sq Ft lot
  • Living Room with Fireplace
  • Security System Owned
  • Palm Desert High School Rated A
  • End Unit
  • Central Heating and Cooling System

About This Home

As of September 2022

Opportunity Knocks and possibilities are endless on this centrally located Duplex with current 10 car garage. This property sits on a 17424 Square foot corner lot in the heart of Palm Desert. The 2 stories are already grand fathered in and there are amazing opportunities. You can have a two stories with several units . Also per the City the property is zoned for assisted living with submission of plans and going through the city approval process.One unit is 2 br 1 bath currently rented. The downstairs unit is 1 bedroom 1 bath and is being used by the owner as storage. The property is completely walled around and gated and has security system.

Last Agent to Sell the Property

Niloo Shams

Desert Sotheby's International Realty License #01184601 Listed on: 06/15/2022

Desert Sotheby's International Realty

Last Buyer's Agent

Loan Ly

HK Lane Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,407

Year Built

  • Built in 1973

Lot Details

  • 0.4 Acre Lot
  • End Unit

Interior Spaces

  • 2,367 Sq Ft Home
  • 2-Story Property
  • Brick Fireplace
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Security System Owned
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 10 Car Garage
  • 2 Carport Spaces
  • Garage Door Opener

Location

  • Ground Level

Schools

  • Palm Desert High School

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 627131042

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,407

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Attached/Detached: No
  • Levels: Two
  • Building Number Of Stories: 2
  • Entry Location: Ground Level w/Steps
  • List Price per Sq Ft: 373.89
  • Lp Sp Ratio: 1.0000
  • Year Built: 1973
  • Internal Listing I D: 20220613181542481569000000
  • Listing I D: 219080414
  • Listing Member Address: 74890 Highway 111, Indian Wells, CA 92210
  • Listing Member Fax: (760) 340-6500
  • Listing Office Address: 74890 Highway 111, Indian Wells, CA 92210
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 74890 Highway 111, Indian Wells, CA 92210
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Fireplace Features: Brick
  • Flooring: Carpet, Laminate
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Laundry Equipment: Hook-Ups
  • Estimated Sq Ft: 2367.00

Garage/Parking

  • Parking: Garage Door Opener
  • Parking Info Total Carport Spaces: 2.00
  • Parking Info Total Garage Spaces: 10.00
  • Parking Info Total Parking Spaces: 12.00

Utilities

  • Number Electric Meters: 1
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Security: Security System Owned
  • Sewer: In, Connected and Paid
  • Number Gas Meter: 1
  • Water Heater: Yes
  • Laundry Type: Yes

Condo/Co-op/Association

  • Unit Location: End Unit

Lot Info

  • Assessor Parcel Number: 627131042
  • Lot Size: 17424.00

Rental Info

  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 2
  • Total Units: 2

MLS Schools

  • High School: Palm Desert
  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2024
Sold by
Kartalyan Alexan
Bought by
Carlos Camille
Current Estimated Value
$905,586

Purchase Details

Closed on
Nov 17, 2023
Sold by
Keith Robert W
Bought by
Carlos Camille

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,500
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 15, 2022
Closed on
Aug 10, 2022
Sold by
Maccuaig Marion H
Bought by
Keith Robert W
Seller's Agent
Niloo Shams
Desert Sotheby's International Realty
Buyer's Agent
Loan Ly
HK Lane Real Estate
List Price
$985,000
Sold Price
$885,000
Premium/Discount to List
-$100,000
-10.15%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.76%

Purchase Details

Closed on
Apr 8, 2008
Sold by
Wells Fargo Bank Na
Bought by
Maccuaig Marion H

Purchase Details

Closed on
Nov 9, 2007
Sold by
Diaz Gustavo and Diaz Marie
Bought by
Wells Fargo Bank Na and The Certificate Holders Park Place Secur

Purchase Details

Closed on
Feb 14, 2005
Sold by
Mcfadden Christopher S and Mcfadden Vonda L
Bought by
Diaz Gustavo and Diaz Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,250
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2004
Sold by
Mason Kimberly Wilson
Bought by
Mcfadden Christopher S and Mcfadden Vonda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 1997
Sold by
Mason Kimberly W
Bought by
Mason Kimberly Wilson and The Kimberly Mason Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Carlos Camille -- Provident Title
Carlos Camille $775,000 Provident Title
Keith Robert W $885,000 --
Maccuaig Marion H $300,000 Chicago Title Company
Wells Fargo Bank Na $359,100 Landsafe Title
Diaz Gustavo $475,000 Commerce Title Company
Mcfadden Christopher S $340,000 Orange Coast Title Co
Mason Kimberly Wilson -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carlos Camille $507,500
Previous Owner Diaz Gustavo $451,250
Previous Owner Mcfadden Christopher S $272,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2022 09/06/22 Sold $885,000 0.0% $374 / Sq Ft
07/25/2022 07/25/22 Price Changed $885,000 -10.2% $374 / Sq Ft
06/15/2022 06/15/22 For Sale $985,000 0.0% $416 / Sq Ft
10/13/2014 10/13/14 Rented $1,300 -13.3% --
09/13/2014 09/13/14 Under Contract -- -- --
07/03/2014 07/03/14 For Rent $1,500 -- --
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 $11,407 $790,499 $197,626 $592,873
2023 $11,407 $885,000 $80,000 $805,000
2022 $5,671 $428,353 $111,351 $317,002
2021 $5,563 $419,955 $109,168 $310,787
2020 $5,334 $404,914 $104,978 $299,936
2019 $5,183 $393,120 $101,920 $291,200
2018 $4,994 $378,000 $98,000 $280,000
2017 $4,743 $359,000 $93,000 $266,000
2016 $4,522 $344,000 $89,000 $255,000
2015 $4,249 $317,000 $82,000 $235,000
2014 $4,194 $334,000 $87,000 $247,000
Source: Public Records

Agents Affiliated with this Home

  • Niloo Shams

    Seller's Agent in 2022

    Niloo Shams

    Desert Sotheby's International Realty

    (760) 340-6300

    1 in this area

    48 Total Sales

    Niloo Shams
    Section Image

  • L

    Buyer's Agent in 2022

    Loan Ly

    HK Lane Real Estate

  • A

    Seller's Agent in 2014

    Angie Malavazos

    Bennion Deville Homes

    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219080414

California Desert Association of REALTORS®

APN: 627-131-042

California Riverside County Palm Desert 92260 Palma Village Groves

73978 Catalina Way, Palm Desert, CA

This home is located at 73978 Catalina Way, Palm Desert, CA 92260 since 15 June 2022 and is currently estimated at $905,586, approximately $382 per square foot. This property was built in 1973. 73978 Catalina Way is a home located in Riverside County with nearby schools including Abraham Lincoln Elementary School, La Quinta Middle School, and Palm Desert 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.

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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