NOT LISTED FOR SALE

Estimated Value: $1,648,000 - $1,693,000

5 Beds
3.5 Baths
3,200 Sq Ft
$522/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $1,400,000 $438 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $10,470/month

2 Days on Market

Highlights

  • Heated In Ground Pool
  • Primary Bedroom Suite
  • Open Floorplan
  • Gerald R. Ford Elementary School Rated A-
  • 1.04 Acre Lot
  • Mountain View

About This Home

As of May 2021

Come see this beautiful Spanish Colonial home nestled in an estate area of Palm Desert. Zoned RE this property is located in one of the only areas in Palm Desert that allows STR or Bed and Breakfast! Within a prime area that is moments away from The Tennis Gardens, and Indian Wells CC, its the best place to be!For investors, this is a rare opportunity to take advantage of a great income producer. So far, it has produced over $100k a year ''as is'' and has more land to expand! The current land developed is approximately a 1/4th of its potential.

Last Agent to Sell the Property

Alicia Gonzalez

HomeSmart License #01738579 Listed on: 04/19/2021

HomeSmart

Last Buyer's Agent

Thomas Sinclair

Brad Schmett Real Estate Group License #01928160

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,310

Year Built

  • Built in 1984

Lot Details

  • 1.04 Acre Lot
  • North Facing Home
  • Block Wall Fence
  • Sprinklers on Timer
  • Private Yard
  • Back and Front Yard

Home Design

  • Spanish Architecture
  • Entry on the 1st floor
  • Tile Roof
  • "S" Clay Tile Roof
  • Stucco Exterior

Interior Spaces

  • 3,200 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furnished
  • Bar
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Blinds
  • Entryway
  • Great Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Dining Room
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Travertine

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Double Vanity
  • Bathtub
  • Shower Only in Secondary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Driveway

Pool

  • Heated In Ground Pool
  • Outdoor Pool
  • Heated Spa
  • Above Ground Spa

Schools

  • Gerald Ford Elementary School
  • Palm Desert High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • Wrap Around Porch
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 637300032

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,310

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces North
  • Levels: Two, Ground
  • Building Number Of Stories: 1
  • Building Style: Spanish Colonial
  • Entry Floor: 1
  • Entry Location: Main Level
  • List Price per Sq Ft: 437.50
  • Lp Sp Ratio: 1.0000
  • View Type: Mountain(s)
  • Water District Name: Coachella Valley Water District
  • Year Built: 1984
  • Co Selling Member Address: 73-725 El Paseo Dr., Ste 23A, Palm Desert, CA 92260
  • Co Selling Office Address: 73-725 El Paseo Dr., Ste 23A, Palm Desert, CA 92260
  • Listing I D: 219060715
  • Listing Member Address: 73301 Fred Waring Dr., Ste 101, Palm Desert, CA 92260
  • Listing Office Address: 73301 Fred Waring Dr., Ste 101, Palm Desert, CA 92260
  • Listing Office Fax: (760) 844-7550
  • Selling Member Address: 73-725 El Paseo Dr., Ste 23A, Palm Desert, CA 92260
  • Selling Office Address: 73-725 El Paseo Dr., Ste 23A, Palm Desert, CA 92260
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Not Applicable
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Range, Microwave Oven, Washer, Refrigerator, Gas Dryer Hookup, Dishwasher
  • Fireplace: Yes
  • Fireplace Location: Great Room
  • Interior Amenities: Bar, Open Floorplan
  • Fireplace Features: Gas Starter
  • Flooring: Carpet, Travertine
  • Bedroom Features: Main Floor Bedroom, Walk In Closet, Master Suite
  • Total Bedrooms: 5
  • Bathroom Features: Double Vanity(s), Tub Only, Shower Stall
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Eating Areas: Breakfast Counter/Bar
  • Laundry: Individual Room
  • Estimated Sq Ft: 3200.00
  • Windows Treatments: Blinds

Exterior Features

  • Construction: Stucco
  • Roofing: Clay Tile, Tile
  • Fencing: Block
  • Patio: Covered, Wrap Around, Concrete Slab
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Heated, Private, In Ground
  • Pool Location: Private
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: Above Ground, Hot Tub
  • Spa Hot Tub Description: Heated, Private, Hot Tub, Heated - Gas
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Driveway
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 7.00
  • Total Uncovered Assigned Spaces: 4.00

Utilities

  • TV Svcs: Cable TV
  • Cooling Type: Air Conditioning, Central Air, Ceiling Fan(s)
  • Heating: Central, Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Septic Tank
  • Water: Water District
  • Water Heater Feature: Gas

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 637300032
  • Irrigation: Sprinkler System, Sprinkler Timer
  • Lot Acres: 1.0400
  • Lot Description: Back Yard, Yard, Private, Front Yard, Fenced
  • Lot Size: 45302.00

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Yes

Multi Family

  • Total Fireplaces: 2

MLS Schools

  • Elementary School: Gerald Ford
  • High School: Palm Desert
  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
May 26, 2021
Sold by
Kanasi Jorge Julia
Bought by
Jorge Emil
Seller's Agent
Alicia Gonzalez
HomeSmart
Buyer's Agent
Thomas Sinclair
Brad Schmett Real Estate Group
List Price
$1,400,000
Sold Price
$1,400,000
Current Estimated Value
$1,671,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,272
Avg. Annual Appreciation
4.13%
Original Mortgage
$995,000
Outstanding Balance
$902,248
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$769,024

Purchase Details

Listed on
Apr 19, 2021
Closed on
May 6, 2021
Sold by
Revo Humberto and Revo Gloria
Bought by
Jorge Emil
Seller's Agent
Alicia Gonzalez
HomeSmart
Buyer's Agent
Thomas Sinclair
Brad Schmett Real Estate Group
List Price
$1,400,000
Sold Price
$1,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$995,000
Outstanding Balance
$902,248
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$769,024

Purchase Details

Closed on
Apr 26, 2019
Sold by
Cortez Humberto and Cortez Gloria A
Bought by
Cortez Humberto and Cortez Gloria A

Purchase Details

Closed on
Jul 20, 2010
Sold by
Airey Deryk John
Bought by
Bank Of America Na

Purchase Details

Closed on
Nov 2, 2006
Sold by
Bujan Carl J and Bujan Karen L
Bought by
Airey Deryk John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2002
Sold by
Bujan Carl J and Bujan Karen L
Bought by
Bujan Carl J and Bujan Karen L
Source: Public Records

Range of Values:

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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
Jorge Emil -- Orange Coast Title
Jorge Emil $1,400,000 Orange Coast Title
Cortez Humberto -- None Available
Bank Of America Na $325,800 None Available
Airey Deryk John $700,000 New Century Title Company
Bujan Carl J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jorge Emil $995,000
Previous Owner Airey Deryk John $560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $1,400,000 0.0% $438 / Sq Ft
04/22/2021 04/22/21 For Sale $1,400,000 0.0% $438 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $1,400,000 -- $438 / Sq Ft
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 $19,310 $1,515,404 $541,216 $974,188
2023 $19,310 $1,456,560 $520,200 $936,360
2022 $5,514 $428,571 $127,963 $300,608
2021 $5,406 $420,168 $125,454 $294,714
2020 $5,307 $415,861 $124,169 $291,692
2019 $5,204 $407,708 $121,735 $285,973
2018 $5,104 $399,715 $119,350 $280,365
2017 $4,995 $391,878 $117,010 $274,868
2016 $4,868 $384,195 $114,716 $269,479
2015 $4,875 $378,426 $112,994 $265,432
2014 $4,651 $371,016 $110,782 $260,234
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219060715

California Desert Association of REALTORS®

APN: 637-300-032