NOT LISTED FOR SALE

74563 Sagebrush Dr Palm Desert, CA 92260

South Palm Desert Neighborhood

Estimated Value: $897,000 - $1,411,000

10 Beds
8 Baths
-- Sq Ft
7,841 Sq Ft Lot

Sale Details

Date Sold: July 22, 2015

Last sale price $692,500

Est. 67% increase in value since last sale

Current estimated payment $7,196 / mo

210 Days on Market

About This Home

As of July 2015

Four unit building is being offered for sale. Features (2) 3 bedroom units and (2) 2 bedroom units. This is part of a ten unit complex. Community pool is next to the building with easy access. Park-like setting, very desirable and convenient area close to El Paseo and shopping, bus line, etc. Seller reports that there is a consistently high occupancy rate. Investors move quickly!

Last Agent to Sell the Property

Michael Barker

Real Estate eBroker Inc License #01902305 Listed on: 10/24/2014

Last Buyer's Agent

NonMember AgentDefault

NonMember OfficeDefault

Property Details

Home Type

Multi-Family

Year Built

1985

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Active Date: 2014-10-24
  • Driving Directions: HWY 111 to Deep Canyon, right on Driftwood, left on Sagebrush
  • Full Street Address: 74563 SAGEBRUSH DR
  • Primary Object Modification Timestamp: 2015-08-16
  • Total Number of Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0
  • Year Built: 1985

Interior Features

  • Appliances: Range
  • Advertising Remarks: Four unit building is being offered for sale. Features (2) 3 bedroom units and (2) 2 bedroom units. This is part of a ten unit complex. Community pool is next to the building with easy access. Park-like setting, very desirable and convenient area close
  • Assessed Land Value: 147012.00
  • Total Bedrooms: 10
  • Builders Tract Code: NOT IN A DEVELOPMENT
  • Builders Tract Name: NOT IN A DEVELOPMENT
  • Number Of Buildings: 1
  • Appliances: Dishwasher, Refrigerator
  • Pool: No

Exterior Features

  • View: No
  • Lot Size Sq Ft: 7841

Garage/Parking

  • Parking Features: Private Garage
  • Parking Spaces Total: 8
  • Parking Type: Garage - Two Door, Garage Is Attached

Utilities

  • Cooling Type: Air Conditioning
  • Heating Type: Central Furnace

Condo/Co-op/Association

  • HOA: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2014
Closed on
Jul 29, 2015
Sold by
Lack Fred S
Bought by
Lack Fred S
Seller's Agent
Michael Barker
Real Estate eBroker Inc
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$715,000
Sold Price
$692,500
Premium/Discount to List
-$22,500
-3.15%
Current Estimated Value
$1,158,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$465,796
Avg. Annual Appreciation
5.30%

Purchase Details

Listed on
Oct 24, 2014
Closed on
Jul 17, 2015
Sold by
Parrott Helen
Bought by
Lack Fred S
Seller's Agent
Michael Barker
Real Estate eBroker Inc
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$715,000
Sold Price
$692,500
Premium/Discount to List
-$22,500
-3.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,000
Interest Rate
4.01%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 24, 2014
Closed on
May 28, 2015
Sold by
Grotbeck Laurence M
Bought by
Lack Fred S
Seller's Agent
Michael Barker
Real Estate eBroker Inc
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$715,000
Sold Price
$692,500
Premium/Discount to List
-$22,500
-3.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,000
Interest Rate
4.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 10, 2012
Sold by
Grotbeck Laurence M
Bought by
Grotbeck Laurence M

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
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2003
Sold by
Grotbeck Laurence M
Bought by
The Laurence M Grotbeck Revocable Trust

Purchase Details

Closed on
Dec 23, 2002
Sold by
Garatea Jeffery and Fry Lawrence W
Bought by
Grotbeck Laurence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,500
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 1995
Sold by
Federal National Mortgage Association
Bought by
Garatea Jeffery C and Fry Lawrence W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,150
Interest Rate
7.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 9, 1995
Sold by
Mcgown George
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,150
Interest Rate
7.09%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lack Fred S -- None Available
Lack Fred S -- Lawyers Title Company
Lack Fred S $692,500 Lawyers Title Company
Grotbeck Laurence M -- First American Title Company
Grotbeck Laurence M -- First American Title Company
The Laurence M Grotbeck Revocable Trust -- --
Grotbeck Laurence $485,000 Fidelity National Title Co
Garatea Jeffery C $199,000 Stewart Title Company
Federal National Mortgage Association $199,900 American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lack Fred S $397,000
Previous Owner Grotbeck Laurence M $300,000
Previous Owner Grotbeck Laurence $436,500
Previous Owner Garatea Jeffery C $169,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2015 07/22/15 Sold $692,500 -3.1% --
05/22/2015 05/22/15 Pending -- -- --
10/24/2014 10/24/14 For Sale $715,000 -- --
Source: Palm Springs Regional Association of Realtors

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 $12,656 $819,773 $189,404 $630,369
2023 $12,656 $787,942 $182,050 $605,892
2022 $11,699 $772,493 $178,481 $594,012
2021 $11,334 $757,347 $174,982 $582,365
2020 $11,156 $749,582 $173,188 $576,394
2019 $10,963 $734,886 $169,793 $565,093
2018 $10,777 $720,477 $166,464 $554,013
2017 $10,566 $706,350 $163,200 $543,150
2016 $10,320 $692,500 $160,000 $532,500
2015 $8,593 $584,456 $150,629 $433,827
2014 -- $573,009 $147,679 $425,330
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Michael Barker

    Real Estate eBroker Inc

  • N

    Buyer's Agent in 2015

    NonMember AgentDefault

    NonMember OfficeDefault

See All Agents

Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 14-804217PS

APN: 625-162-040

California Riverside County Palm Desert 92260 South Palm Desert

74563 Sagebrush Dr, Palm Desert, CA

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.

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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.