NOT LISTED FOR SALE

Estimated Value: $751,000 - $1,132,000

8 Beds
8 Baths
3,264 Sq Ft
$310/Sq Ft Est. Value

Last Sold September 20, 2013

Last sale price $473,000 $145 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $6,343/month

98 Days on Market

Highlights

  • Private Pool
  • Mountain View
  • No HOA
  • Palm Desert High School Rated A
  • Contemporary Architecture
  • Balcony

About This Home

As of September 2013

SOUTH PALM DESERT LOCATION NEAR WASHINGTON CHARTER SCHOOL AND EL PASEO DRIVE. CLOSE TO CITY PARK. ALL 4 UNITS HAVE 2 BEDROOMS AND 2 BATHROOMS. ALL HAVE CERAMIC FLOORING.
OWNER WILL CONSIDER SELLING ALL 4 CONTIGUOUS 4 PLEXES AT $489,000 EACH.

Last Agent to Sell the Property

Helen Malloy

Steve Haythorne, Broker License #00389351 Listed on: 05/14/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,699

Year Built

  • Built in 1970

Lot Details

  • 7,363 Sq Ft Lot
  • Lot Dimensions are 72x101
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Contemporary Architecture
  • Property Attached
  • Flat Roof Shape
  • Slab Foundation
  • Stucco

Interior Spaces

  • 3,264 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Sliding Doors
  • Tile Flooring
  • Mountain Views
  • Termite Clearance

Kitchen

  • Electric Oven
  • Electric Cooktop

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Parking

  • 6 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Private Pool
  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, HVAC maintenance
  • Legal Lot and Block 3 / B4
  • Assessor Parcel Number 625173003

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 4 Separate Electric Meters
  • Electric Expense $600
  • Gardener Expense $900
  • Insurance Expense $866
  • Pool Expense $540
  • Supplies Expense $200
  • Trash Expense $504
  • Water Sewer Expense $1,100
  • New Taxes Expense $6,110
  • Gross Income $4,020
  • Net Operating Income $30,265

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,699

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: 1-562-495-1549
  • Other Phone Number: 714-846-6634
  • Property Attached: Yes
  • Subdivision Name Other: Not in a Development
  • Supplies Expense: 200.00
  • View: Yes
  • Water Sewer Expenses: 1100.00
  • Architectural Style: Contemporary
  • Property Condition: Termite Clearance
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 625173003
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 144.91
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Mountain(s)
  • Pool Expense: 540.00
  • Pool Features: Community
  • Pool Private: Yes
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Electric Cooktop
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Trash Expense: 504.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Storm Drains

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 72X101
  • Lot Size Sq Ft: 7363.00
  • Lot Size Acres: 0.1690

Rental Info

  • Tenant Pays: Cable TV, Electricity, HVAC Maintenance

Multi Family

  • Average2 Bed Area: 816
  • Electric Expense: 600.00
  • Gross Income: 4020.00
  • Gross Scheduled Income: 41160.00
  • Insurance Expense: 866.00
  • Lot Size Area: 7363.0000 Square Feet
  • Net Operating Income: 30265.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 10895.00
  • Other Income Description: 960
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6110.00
  • Tax Area: 18312
  • Tax Block: B4
  • Tax Lot: 3
  • Tax Tract Number: MB022
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2013
Closed on
Jul 31, 2013
Sold by
Candlewood Re Holdings Llc
Bought by
Huang Kehsiung and Zhang Mei Ling
Seller's Agent
Helen Malloy
Steve Haythorne, Broker
List Price
$489,000
Sold Price
$473,000
Premium/Discount to List
-$16,000
-3.27%
Current Estimated Value
$1,026,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$553,208
Avg. Annual Appreciation
7.06%
Original Mortgage
$354,750
Interest Rate
4.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 2, 2012
Sold by
Demeire Kurt S and Demeire Sandra L
Bought by
Candlewood Re Holdings Llc

Purchase Details

Closed on
May 27, 2008
Sold by
Holmberg Cynthia J
Bought by
Demeire Kurt and Demeire Sandra

Purchase Details

Closed on
May 25, 2007
Sold by
Meister James A and Briksen Allan
Bought by
Demeire Kurt and Demeire Sandra

Purchase Details

Closed on
Jul 5, 2005
Sold by
Biondo Andrew J and Biondo Sandra L
Bought by
Meister James A and Eriksen Allan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,400
Interest Rate
5.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 2, 2005
Sold by
Biondo Andrew J and Biondo Sandra L
Bought by
Biondo Andrew J and Biondo Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 10, 2002
Sold by
Rich Heidi
Bought by
Rich Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
6.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2002
Sold by
Michael A Rich Living Trust
Bought by
Biondo Andrew J and Biondo Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
6.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 1999
Sold by
Rich Michael A
Bought by
Michael A Rich Living Trust

Purchase Details

Closed on
Aug 19, 1998
Sold by
Lucero Michael David and Lucero Mary Stewart
Bought by
Rich Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 4, 1996
Sold by
Allison Charles E and Allison Sarah M
Bought by
Home Svgs Of America Fsb
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
Huang Kehsiung $473,000 Equity Title Orange County
Candlewood Re Holdings Llc $450,000 Lawyers Title
Demeire Kurt -- None Available
Demeire Kurt $508,502 None Available
Meister James A $684,000 Fidelity National Title Co
Biondo Andrew J -- --
Rich Gregory -- Fidelity National Title Co
Gold Stacey Rich -- Fidelity National Title Co
Biondo Andrew J $310,000 Fidelity National Title Co
Michael A Rich Living Trust -- --
Rich Michael A $187,500 Investors Title Company
Home Svgs Of America Fsb $153,561 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Mei Ling $314,000
Closed Huang Kehsiung $342,000
Previous Owner Huang Kehsiung $354,750
Previous Owner Meister James A $456,400
Previous Owner Biondo Andrew J $200,000
Previous Owner Biondo Andrew J $200,000
Previous Owner Biondo Andrew J $439,000
Previous Owner Biondo Andrew J $200,000
Previous Owner Biondo Andrew J $290,000
Previous Owner Biondo Andrew J $279,000
Previous Owner Rich Michael A $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2013 09/20/13 Sold $473,000 -3.3% $145 / Sq Ft
08/20/2013 08/20/13 Pending -- -- --
05/14/2013 05/14/13 For Sale $489,000 -- $150 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,699 $579,823 $163,033 $416,790
2023 $8,699 $557,309 $156,703 $400,606
2022 $8,204 $546,382 $153,631 $392,751
2021 $7,981 $535,669 $150,619 $385,050
2020 $7,855 $530,177 $149,075 $381,102
2019 $7,729 $519,782 $146,152 $373,630
2018 $7,606 $509,591 $143,288 $366,303
2017 $7,472 $499,600 $140,479 $359,121
2016 $7,318 $489,805 $137,725 $352,080
2015 $7,339 $482,450 $135,657 $346,793
2014 $7,237 $473,000 $133,000 $340,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13089263

California Regional Multiple Listing Service (CRMLS)

APN: 625-173-003