NOT LISTED FOR SALE

74230 Candlewood St Palm Desert, CA 92260

South Palm Desert Neighborhood

Estimated Value: $641,000 - $932,026

4 Beds
4 Baths
2,238 Sq Ft
$379/Sq Ft Est. Value

Last Sold August 17, 2016

Last sale price $473,000 $211 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $5,260/month

432 Days on Market

About This Home

As of August 2016

Custom built duplex in 2002. Great location walking distance to El Paseo. Great for owner occupied or second home. Both units identical. Vaulted ceilings, tile floors, clean open design with granite counters in kitchens and baths. 2 car garages with concrete driveway. Low maint landscaping with small fenced rear yards. Long term tenants are below market on rents. Runs super lean on expenses with water and landscape being the main expenses.

Last Agent to Sell the Property

Dale Lawrence

Realty Executives License #00689712 Listed on: 05/27/2015

Realty Executives

Last Buyer's Agent

Drew Johnson

Bennion Deville Homes License #01305205

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,037

Year Built

2002

Lot Details

0

Listing Details

  • Cross Street: PORTOLA
  • Entry Location: Ground Level - no steps
  • Active Date: 2016-04-09
  • Building Size: 2238.0
  • Driving Directions: 111 to Portola then left on Candlewood curve a bit and on the left. Just behind El Paseo.
  • Full Street Address: 74230 CANDLEWOOD ST
  • Lot Size Acres: 0.25
  • Primary Object Modification Timestamp: 2016-08-25
  • Tax New: 5000.00
  • Tax Percent: 1.25
  • Total Number of Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 2002

Interior Features

  • Bathroom Features: 2 Master Baths
  • Bedroom Features: 2 Master Bedrooms
  • Appliances: Built-Ins, Microwave, Built-In And Free Standing
  • Actual Annual Gross Rent: 25200.00
  • Actual Gross Annual Income: 25200.00
  • Total Actual Rent: 25200.00
  • ADA Accessible: Yes
  • Additions Alterations: No
  • Additional Land Available: 25200.00
  • Advertising Remarks: Newer construction in this custom built duplex. Close to El Paseo. Tenants are below market.
  • Alley: No
  • Assessed Improvement Value: 382738.00
  • Assessed Land Value: 127574.00
  • Total Bedrooms: 4
  • Builders Tract Code: NOT IN A DEVELOPMENT
  • Builders Tract Name: NOT IN A DEVELOPMENT
  • Building Permit: Yes
  • Construction: Frame and Stucco
  • Expense Gardener: 980.00
  • Expense Insurance: 650.00
  • Expense Maintenance: 573.00
  • Expense Tax: 5000.00
  • Annual Expense: 7347.00
  • Expense Water: 463.00
  • Gross Rent Multiplier: 17.80
  • Levels: Ground Level
  • Monthly Gross Income: 25200.00
  • Net Operating Income: 22853.00
  • Number Carpet: 2
  • Number Dishwasher: 2
  • Number Disposal: 2
  • Number Drapes: 2
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Leased: 2
  • Number Of Buildings: 1
  • Number Patio: 2
  • Number Range: 2
  • Number Refrigerator: 2
  • Number Rented Garages: 2
  • Number Water Meters: 1
  • Owner Pays: Gardener, Water
  • Paved: Yes
  • Water Heaters: Yes
  • Appliances: Dishwasher, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup
  • Floor Material: Carpet, Ceramic Tile
  • Kitchen Features: Granite Counters
  • Laundry: In Garage
  • Pool: No

Exterior Features

  • View: No
  • Lot Size Sq Ft: 7405
  • Common Walls: Attached
  • Direction Faces: Faces North
  • Construction: Hard Coat Stucco
  • Foundation: Foundation - Concrete Slab
  • Roofing: Clay Tile

Garage/Parking

  • Total Parking Spaces: 4
  • Parking Spaces Total: 4
  • Parking Type: Garage - Two Door

Utilities

  • Water District: COACHELLA
  • TV Svcs: Cable TV
  • Cooling Type: Air Conditioning, Ceiling Fan(s)
  • Heating Type: Forced Air

Condo/Co-op/Association

  • HOA: No
  • Association Name: custom

Multi Family

  • Gross Operating Income: 25200.00
  • Gross Scheduled Income: 25200.00
  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2015
Closed on
Aug 19, 2016
Sold by
Bisho Stanley and Coleman Craig
Bought by
The Bisco Group Llc
Seller's Agent
Dale Lawrence
Realty Executives
Buyer's Agent
Drew Johnson
Bennion Deville Homes
List Price
$449,000
Sold Price
$473,000
Premium/Discount to List
$24,000
5.35%
Current Estimated Value
$849,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,007
Avg. Annual Appreciation
6.68%
Original Mortgage
$242,200
Interest Rate
3.41%
Mortgage Type
Commercial

Purchase Details

Listed on
May 27, 2015
Closed on
Jul 1, 2016
Sold by
Connor Sean V O and Connor Meghann C O
Bought by
Bisho Stanley and Coleman Craig
Seller's Agent
Dale Lawrence
Realty Executives
Buyer's Agent
Drew Johnson
Bennion Deville Homes
List Price
$449,000
Sold Price
$473,000
Premium/Discount to List
$24,000
5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,200
Interest Rate
3.41%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2004
Sold by
Schilling Dolores L
Bought by
Oconnor Sean and Oconnor Meghann C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2004
Sold by
Schilling Dolores L and Schilling Michael E
Bought by
Schilling Dolores L

Purchase Details

Closed on
Aug 13, 2003
Sold by
Schilling Dolores L
Bought by
Schilling Dolores L and Schilling Michael E

Purchase Details

Closed on
Mar 11, 2003
Sold by
Butler Richard M and Butler Virginia
Bought by
Schilling Dolores L

Purchase Details

Closed on
Feb 16, 2001
Sold by
Pum Geza Jon
Bought by
Butler Richard M and Butler Virginia

Purchase Details

Closed on
Apr 25, 1994
Sold by
Pum Geza Jon
Bought by
Pum Geza Jon

Purchase Details

Closed on
Nov 4, 1993
Sold by
Desanto Danny A and Scott Nancy L
Bought by
Pum Geza Jon
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
The Bisco Group Llc -- None Available
Bisho Stanley $473,000 Orange Coast Title
Oconnor Sean $440,000 Old Republic Title Company
Schilling Dolores L -- --
Schilling Dolores L -- First American Title Co
Schilling Dolores L $375,000 Old Republic
Butler Richard M $42,000 American Title
Pum Geza Jon -- --
Pum Geza Jon $36,500 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bisho Stanley $242,200
Previous Owner Oconnor Sean $352,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2016 08/17/16 Sold $473,000 +5.3% $211 / Sq Ft
08/01/2016 08/01/16 Pending -- -- --
05/27/2015 05/27/15 For Sale $449,000 -- $201 / Sq Ft
Source: The MLS

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 $8,037 $548,952 $162,480 $386,472
2023 $8,037 $527,638 $156,172 $371,466
2022 $7,471 $517,293 $153,110 $364,183
2021 $7,275 $507,151 $150,108 $357,043
2020 $7,155 $501,951 $148,569 $353,382
2019 $7,028 $492,109 $145,656 $346,453
2018 $6,905 $482,460 $142,800 $339,660
2017 $6,768 $473,000 $140,000 $333,000
2016 $7,387 $528,441 $132,105 $396,336
2015 $7,392 $520,506 $130,122 $390,384
2014 $5,758 $510,312 $127,574 $382,738
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Dale Lawrence

    Realty Executives

    Section Image

  • D

    Buyer's Agent in 2016

    Drew Johnson

    Bennion Deville Homes

See All Agents

Map

Source: The MLS

MLS Number: 15-908865PS

The MLS

APN: 625-171-014

California Riverside County Palm Desert 92260 South Palm Desert

74230 Candlewood St, Palm Desert, CA

This home is located at 74230 Candlewood St, Palm Desert, CA 92260 since 27 May 2015 and is currently estimated at $849,007, approximately $379 per square foot. This property was built in 2002. 74230 Candlewood St is a home located in Riverside County with nearby schools including La Quinta Middle School, Palm Desert High School, and George Washington Charter School.

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