NOT LISTED FOR SALE

78823 Avenue 42 Bermuda Dunes, CA 92203

Bermuda Dunes Country Club Neighborhood

Estimated Value: $1,002,000 - $1,348,000

7 Beds
6 Baths
4,486 Sq Ft
$264/Sq Ft Est. Value

Last Sold December 27, 2019

Last sale price $860,000 $192 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,337/month

9 Days on Market

Highlights

  • Golf Course Community
  • 0.5 Acre Lot
  • 6 Car Direct Access Garage
  • James Monroe Elementary School Rated A-
  • Corner Lot
  • Walk-In Closet

About This Home

As of December 2019

IMMACULATE CORNER 3 UNIT COMPLEX, CONSISTING OF (1) 3 BEDROOM- 2 BATH APPROX.2,300 sq.ft. WITH FIREPLACE & A HUGE GOLF CART GARAGE. UNITS (2) & (3) ARE APPROX. 1,100 sq.ft. EACH 2 BEDROOM-2 BATH WITH 2 CAR GARAGES,ALL UNITS HAVE PRIVATE WASHER/DRYER HOOKUPS IN THE GARAGES,ALL UNITS HAVE CENTRAL AIR & HEAT WITH HUGE PRIVATE BACK YARDS.
THE PROPERTY HAS BEEN KEPT UP METICULOUSLY BY THE OWNER MAKING IT TURN KEY WITH ENDLES POSSIBILITIES OF COLLECTING RENT FROM ALL THE UNITS OR OCCUPYING ONE AND RENT THE REST.

Last Agent to Sell the Property

John Bazerkanian

RE/MAX MASTERS REALTY License #00892241 Listed on: 11/11/2019

RE/MAX MASTERS REALTY

Last Buyer's Agent

Michelle Wilkinson

HomeSmart License #02043648

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,616

Year Built

  • Built in 2001

Lot Details

  • 0.5 Acre Lot
  • 1 Common Wall
  • Corner Lot
  • Level Lot
  • Front and Back Yard Sprinklers

Parking

  • 6 Car Direct Access Garage
  • Parking Available

Home Design

  • Property Attached
  • Interior Block Wall
  • Copper Plumbing

Interior Spaces

  • 4,486 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 2954
  • Assessor Parcel Number 607222010

Community Details

Overview

  • 3 Units

Recreation

  • Golf Course Community

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,920
  • Water Sewer Expense $4,800
  • New Taxes Expense $11,488
  • Operating Expense $18,208
  • Gross Income $63,600
  • Net Operating Income $48,384

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,616

Year Built

Built in 2001

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.20
  • Other Phone Description: 626-241-3113
  • Other Phone Number: 626-241-3113
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 4800.00
  • Zoning: R-2-4000
  • Property Type: Residential Income
  • Parcel Number: 607222010
  • Year Built: 2001
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Block Walls, Copper Plumbing Full
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 191.71
  • Room Type: All Bedrooms Down, Walk-In Closet

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Golf

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 20000-39999 Sqft, Level, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 21780.00
  • Lot Size Acres: 0.5000

Multi Family

  • Average2 Bed Area: 1100 Square Feet
  • Average3 Bed Area: 2300 Square Feet
  • Gross Income: 63600.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 1920.00
  • Lot Size Area: 21780.0000 Square Feet
  • Net Operating Income: 48384.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 15216.00
  • Rent Control: No
  • Total Expenses: 18208.00

Tax Info

  • New Taxes Expense: 11488.00
  • Tax Census Tract: 452.14
  • Tax Lot: 9
  • Tax Tract Number: 2954

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2019
Closed on
Dec 9, 2019
Sold by
Stephan Ohan Kamal
Bought by
Ashraf Ms Enterprises Lp
Seller's Agent
John Bazerkanian
RE/MAX MASTERS REALTY
Buyer's Agent
Michelle Wilkinson
HomeSmart
List Price
$919,000
Sold Price
$860,000
Premium/Discount to List
-$59,000
-6.42%
Total Days on Market
9
Current Estimated Value
$1,184,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,453
Avg. Annual Appreciation
5.44%
Original Mortgage
$852,000
Outstanding Balance
$765,651
Interest Rate
3.73%
Mortgage Type
Commercial
Estimated Equity
$380,783

Purchase Details

Listed on
Feb 23, 2018
Closed on
May 8, 2018
Sold by
Cravalho Micah A and Cravalho Bethany
Bought by
Stephan Ohan Kamal
Seller's Agent
Brian Palmer
BP Homes
Buyer's Agent
JOHN BAZERKANIAN
RE/MAX MASTERS REALTY
List Price
$825,000
Sold Price
$775,000
Premium/Discount to List
-$50,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.90%
Original Mortgage
$375,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2014
Sold by
Barti William T and Bartl Vickil
Bought by
Cravalho Micah A and Cravalho Bethany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,472
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 28, 1999
Sold by
James Pastelak
Bought by
Bartl William T and Bartl Vicki L
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
Ashraf Ms Enterprises Lp $860,000 Orange Coast Title
Stephan Ohan Kamal $775,000 First American Title Company
Cravalho Micah A $600,000 Oct
Bartl William T $60,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ashraf M S $852,000
Previous Owner Stephan Ohan Kamal $375,000
Previous Owner Cravalho Micah A $260,000
Previous Owner Cravalho Micah A $558,662
Previous Owner Cravalho Micah A $559,472
Previous Owner Bartl William T $395,400
Previous Owner Bartl William T $386,000
Previous Owner Bartl William T $100,000
Previous Owner Bartl Vicki L $346,500
Previous Owner Bartl William T $50,000
Previous Owner Bartl William T $296,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2019 12/27/19 Sold $860,000 -6.4% $192 / Sq Ft
11/11/2019 11/11/19 For Sale $919,000 +18.6% $205 / Sq Ft
06/06/2018 06/06/18 Sold $775,000 -6.1% $176 / Sq Ft
05/29/2018 05/29/18 Pending -- -- --
02/23/2018 02/23/18 For Sale $825,000 -- $187 / 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
2023 $12,616 $904,011 $226,002 $678,009
2022 $12,010 $886,286 $221,571 $664,715
2021 $11,728 $868,909 $217,227 $651,682
2020 $11,523 $860,000 $215,000 $645,000
2019 $10,681 $790,500 $153,000 $637,500
2018 $8,848 $646,417 $161,603 $484,814
2017 $9,804 $633,743 $158,435 $475,308
2016 $8,602 $621,318 $155,329 $465,989
2015 $8,630 $611,988 $152,997 $458,991
2014 $6,466 $435,000 $105,000 $330,000
Source: Public Records

Agents Affiliated with this Home

  • John Bazerkanian

    Seller's Agent in 2019

    John Bazerkanian

    RE/MAX

    (626) 241-3113

    6 Total Sales

    Section Image

  • M

    Buyer's Agent in 2019

    Michelle Wilkinson

    HomeSmart

    (760) 464-5867

    1 in this area

    19 Total Sales

    Michelle Wilkinson
    Section Image
  • Brian Palmer

    Seller's Agent in 2018

    Brian Palmer

    BP Homes

    (760) 406-1492

    28 Total Sales

    Brian Palmer
    Section Image

  • Z

    Seller Co-Listing Agent in 2018

    ZacQuary Lincoln

    BP Homes

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19259404

California Regional Multiple Listing Service (CRMLS)

APN: 607-222-010

California Riverside County Bermuda Dunes 92203 Bermuda Dunes Country Club

78823 Avenue 42, Bermuda Dunes, CA

This home is located at 78823 Avenue 42, Bermuda Dunes, CA 92203 since 11 November 2019 and is currently estimated at $1,184,453, approximately $264 per square foot. This property was built in 2001. 78823 Avenue 42 is a home located in Riverside County with nearby schools including James Monroe Elementary School, Colonel Mitchell Paige Middle School, and Palm Desert High School.

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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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