NOT LISTED FOR SALE

74415 Candlewood St Palm Desert, CA 92260

Estimated Value: $433,000 - $836,000

5 Beds
4 Baths
2,520 Sq Ft
$266/Sq Ft Est. Value

Last Sold August 19, 2016

Last sale price $370,000 $147 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $4,089/month

160 Days on Market

About This Home

As of August 2016

SELLER WILLING TO CARRY AND/OR SELLERS LOAN ASSUMABLE. **BACK ON THE MARKET--PRIME South Palm Desert Location!! BEAUTIFUL FRONT 3BED/2BATH HOUSE! Front house has been updated and includes a covered carport for up to 3 cars. 3 bed/2bath includes washer/dryer in the unit and large backyard! Studio and 2bed/1bath unit both have their own huge backyards! Laundry room onsite for tenants to use.

Great rental area- close to shopping/entertainment & the famous El Paseo shopping & great schools!

All units are rented on Month to Month leases. Tenants pay electricity & Gas which helps keep expenses down. Owner pays water and trash only!

This property has tons of potential! Buy to live in one and rent the others to help cover your mortgage or buy as a great investment property!

6 CAP
12 X Gross
PRICED TO SELL!!

Last Agent to Sell the Property

Kristina Moore

The Moore Group License #01926377 Listed on: 06/07/2016

Last Buyer's Agent

Awtar Thiara

West Shores Realty, Inc. License #01995812

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,809

Year Built

  • Built in 1981

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • 2,520 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • 3 Carport Spaces
  • Parking Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 23
  • Tax Tract Number 451
  • Assessor Parcel Number 625196002

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $2,850
  • Net Operating Income $23,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,809

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 625196002
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 146.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7405.00
  • Price Per Lot Square Foot: 49.97
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 793
  • Average3 Bed Area: 1450
  • Average Studio Area: 305
  • Gross Income: 2850.00
  • Gross Scheduled Income: 34200.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 23940.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 10260.00
  • Rent Control: No
  • Total Actual Rent: 2850.00

Tax Info

  • Tax Lot: 23
  • Tax Tract Number: 451

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2018
Sold by
Kerekes Steven William and Wu Sunny Peiyi
Bought by
Kerekes Steven William and Wu Sunny Peiyi
Current Estimated Value
$643,369

Purchase Details

Listed on
Jun 7, 2016
Closed on
Jul 7, 2016
Sold by
Gentner Rebecca
Bought by
Kerekes Steven William and Wu Sunny Peiyi
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Awtar Thiara
West Shores Realty, Inc.
List Price
$399,000
Sold Price
$370,000
Premium/Discount to List
-$29,000
-7.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.82%
Original Mortgage
$259,000
Interest Rate
3.41%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 5, 2012
Closed on
Dec 7, 2012
Sold by
Klein Howard and Klein Kathleen
Bought by
Gentner Rebeca
Seller's Agent
Lori Webb Carroll
Bennion Deville Homes
Buyer's Agent
Larry Bing
Bennion Deville Homes
List Price
$349,900
Sold Price
$325,000
Premium/Discount to List
-$24,900
-7.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.64%
Original Mortgage
$243,750
Interest Rate
3.27%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 14, 2012
Closed on
Apr 18, 2012
Sold by
Fannie Mae
Bought by
Klein Howard and Klein Kathleen
Seller's Agent
Terri Wade
Buyer's Agent
Lori Webb Carroll
Bennion Deville Homes
List Price
$191,900
Sold Price
$180,000
Premium/Discount to List
-$11,900
-6.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
129.84%

Purchase Details

Closed on
Feb 14, 2012
Sold by
Willis Marbee and Willis Joseph Duane
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 5, 2005
Sold by
Guymar Management Co & Investments Llc
Bought by
Willis Joseph Duane and Willis Marbee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
1.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 2002
Sold by
Amirghan Guyrun and Amirghan Marbee
Bought by
Guymar Management Co & Investments Llc

Purchase Details

Closed on
Feb 22, 2001
Sold by
Cekal John R and Cekal Ruzena
Bought by
Amirghan Guyrun and Amirghan Marbee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,200
Interest Rate
6.98%
Mortgage Type
Commercial
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
Kerekes Steven William -- None Available
Kerekes Steven William $370,000 North American Title Company
Gentner Rebeca $325,000 Orange Coast Title Co
Klein Howard $180,000 Old Republic Title Company
Federal National Mortgage Association $158,200 Landsafe Title
Willis Joseph Duane $375,000 Orange Coast Title Co
Guymar Management Co & Investments Llc -- --
Amirghan Guyrun $148,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kerekes Wu Family Living Trust $259,000
Closed Kerekes Steven William $259,000
Previous Owner Gentner Rebeca $243,750
Previous Owner Willis Marbee $330,600
Previous Owner Willis Joseph Duane $300,000
Previous Owner Amirghan Guyrun $268,800
Previous Owner Amirghan Guyrun $133,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2016 08/19/16 Sold $370,000 -7.3% $147 / Sq Ft
07/28/2016 07/28/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $399,000 +22.8% $158 / Sq Ft
01/03/2013 01/03/13 Sold $325,000 -7.1% $125 / Sq Ft
12/06/2012 12/06/12 Pending -- -- --
07/05/2012 07/05/12 For Sale $349,900 +94.4% $135 / Sq Ft
04/19/2012 04/19/12 Sold $180,000 -6.2% $125 / Sq Ft
04/09/2012 04/09/12 Pending -- -- --
03/14/2012 03/14/12 For Sale $191,900 -- $133 / 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 $6,809 $429,409 $107,932 $321,477
2023 $6,809 $412,737 $103,742 $308,995
2022 $6,346 $404,645 $101,708 $302,937
2021 $6,148 $396,712 $99,714 $296,998
2020 $6,054 $392,645 $98,692 $293,953
2019 $5,953 $384,947 $96,757 $288,190
2018 $5,703 $377,400 $94,860 $282,540
2017 $5,598 $370,000 $93,000 $277,000
2016 $5,179 $338,071 $72,814 $265,257
2015 $4,596 $332,995 $71,721 $261,274
2014 $4,396 $326,474 $70,317 $256,157
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16034800

California Regional Multiple Listing Service (CRMLS)

APN: 625-196-002