NOT LISTED FOR SALE

Estimated Value: $6,233,000 - $12,956,232

5 Beds
5.5 Baths
8,085 Sq Ft
$1,196/Sq Ft Est. Value

Last Sold April 24, 2023

Last sale price $10,800,000 $1,336 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $69,122/month

42 Days on Market

Highlights

  • Golf Course Community
  • Home Theater
  • Panoramic View
  • Wine Cellar
  • Heated In Ground Pool
  • Custom Home

About This Home

As of April 2023

Welcome to The Madison Club! This stunning 8,085 sq ft contemporary home boasts 5 bedrooms 5.5 baths, media room, soaring ceilings and two-story wine wall. Automated doors slide away to create an expansive entertaining area that stretches from the interior courtyard to backyard pool. Outdoor patio areas are complete with lounges and fire features throughout. Stunning panoramic views of the Santa Rosa mountains and the 4th green of the acclaimed Tom Fazio course await you in this south facing masterpiece. This home is an entertainer's dream!

Last Agent to Sell the Property

Glenn Cassell

Madison Club Properties License #01953599 Listed on: 03/13/2023

Co-Listed By

Unknown Member

Last Buyer's Agent

Ginger Glass

Compass License #01478465

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $167,815

Year Built

  • Built in 2017

Lot Details

  • 0.85 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Home has North and South Exposure
  • Partially Fenced Property
  • Rectangular Lot
  • Level Lot
  • Sprinkler System

HOA Fees

  • $1,753 Monthly HOA Fees

Property Views

  • Panoramic
  • Golf Course
  • Mountain

Home Design

  • Custom Home
  • Modern Architecture
  • Slab Foundation

Interior Spaces

  • 8,085 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Furnished
  • Bar
  • High Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Wine Cellar
  • Great Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Home Theater
  • Smart Home

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • <<microwave>>
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Secondary bathroom tub or shower combo

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Car Direct Access Garage
  • Garage Door Opener

Pool

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

Outdoor Features

  • Outdoor Fireplace
  • Fire Pit
  • Built-In Barbecue

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 779380029

Community Details

Overview

  • The Madison Subdivision
  • Planned Unit Development

Recreation

  • Golf Course Community

Security

  • Resident Manager or Management On Site
  • 24 Hour Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$167,815

Year Built

Built in 2017

Lot Details

0

HOA Fees

$1,753 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces North, Leisure Faces South
  • Levels: Two
  • Builders Tract Code: The Madison
  • Building Number Of Stories: 3
  • Building Style: Modern
  • List Price per Sq Ft: 1478.05
  • Lp Sp Ratio: 0.9000
  • View Type: Golf Course, Panoramic, Mountain(s)
  • Water District Name: CVWD
  • Year Built: 2017
  • Co Listing Office Address: 9454 Wilshire Blvd., Suite 400, Beverly Hills, CA 90212
  • Listing I D: 219092222
  • Listing Member Address: 52050 Meriwether Way, La Quinta, CA 92253
  • Listing Office Address: 52050 Meriwether Way, La Quinta, CA 92253
  • Selling Member Address: 9454 Wilshire Blvd., #400, Beverly Hills, CA 90212
  • Selling Office Address: 39620 Washington St. Suite A, Palm Desert, CA 92211
  • Land Type: Fee
  • Subdivision: The Madison
  • Special Features: None

Interior Features

  • Appliances: Bar Ice Maker, Gas Cooktop, Microwave Oven, Gas Oven, Gas Range, Washer, Refrigerator, Disposal, Dishwasher, Dryer
  • Fireplace: Yes
  • Fireplace Location: Exterior, Great Room
  • Interior Amenities: Bar, Open Floorplan, High Ceilings (9 Ft+), Home Automation System
  • Range Hood: Yes
  • Fireplace Features: Fire Pit, Stone, Gas
  • Flooring: Mixed
  • Bedroom Features: Main Floor Master Bedroom
  • Total Bedrooms: 5
  • Bathroom Features: Shower & Tub
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Full Bathrooms: 5
  • Eating Areas: Dining Area
  • Kitchen Features: Island, Pantry
  • Laundry: Individual Room
  • Estimated Sq Ft: 8085.00

Exterior Features

  • Other Features: Custom Built
  • Built-in BBQ: Gas
  • Fencing: Partial
  • Foundation: Slab
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Heated
  • Pool Location: Private
  • Planned Unit Development: Yes
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Heated - Gas
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Direct Entrance, Garage Door Opener
  • Total Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • TV Svcs: Cable TV
  • Cooling Type: Central Air
  • Heating: Central
  • Heating Fuel: Natural Gas
  • Security: 24 Hour Security
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas

Association/Amenities

  • Community Features: Golf Course Within Development
  • Association #1 Frequency: Quarterly
  • Pet Rules: Assoc Pet Rules
  • Gated Community: Yes
  • Golf Course Within Development: Yes

Condo/Co-op/Association

  • Association Amenities: Management
  • HOA Information: Yes
  • HOA Fee 1: 5260.00
  • Total Monthly Association Fees: 1753.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 779380029
  • Irrigation: Sprinkler System
  • Lot Acres: 0.8500
  • Lot Description: Level, Rectangular Lot
  • Lot Location: Cul-De-Sac, Private Road
  • Lot Size: 37026.00

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2023
Closed on
Jun 5, 2023
Sold by
Palm Columbus Llc
Bought by
33Seg Llc
Seller's Agent
Glenn Cassell
Madison Club Properties
Buyer's Agent
Ginger Glass
Compass
List Price
$11,950,000
Sold Price
$10,800,000
Premium/Discount to List
-$1,150,000
-9.62%
Views
74
Current Estimated Value
$9,666,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,133,923
Avg. Annual Appreciation
-5.34%
Original Mortgage
$4,000,000
Outstanding Balance
$3,914,021
Interest Rate
6.39%
Mortgage Type
Seller Take Back
Estimated Equity
$5,641,570

Purchase Details

Listed on
Mar 13, 2023
Closed on
Apr 11, 2023
Sold by
Columbus Country Trust
Bought by
Palm Columbus Llc
Seller's Agent
Glenn Cassell
Madison Club Properties
Buyer's Agent
Ginger Glass
Compass
List Price
$11,950,000
Sold Price
$10,800,000
Premium/Discount to List
-$1,150,000
-9.62%
Views
74

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Outstanding Balance
$3,914,021
Interest Rate
6.39%
Mortgage Type
Seller Take Back
Estimated Equity
$5,641,570

Purchase Details

Closed on
May 1, 2019
Sold by
Madison 31A Llc
Bought by
The Columbus Country Trust

Purchase Details

Closed on
Jun 9, 2015
Sold by
East Of Madison Llc
Bought by
Madison 31A Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage
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
33Seg Llc $12,850,000 None Listed On Document
Palm Columbus Llc $10,800,000 None Listed On Document
The Columbus Country Trust $6,500,000 Fntg Builder Services
Madison 31A Llc $1,600,000 Fntg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 33Seg Llc $4,000,000
Previous Owner Madison 31A Llc $4,500,000
Previous Owner Madison 31A Llc $4,000,000
Previous Owner Madison 31A Llc $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2023 04/24/23 Sold $10,800,000 -9.6% $1,336 / Sq Ft
03/13/2023 03/13/23 For Sale $11,950,000 -- $1,478 / 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
2023 $167,815 $6,969,310 $1,501,081 $5,468,229
2022 $89,312 $6,832,658 $1,471,649 $5,361,009
2021 $87,348 $6,698,686 $1,442,794 $5,255,892
2020 $85,829 $6,630,000 $1,428,000 $5,202,000
2019 $86,248 $6,644,932 $1,697,932 $4,947,000
2018 $84,327 $6,514,640 $1,664,640 $4,850,000
2017 $21,791 $1,632,000 $1,632,000 $0
2016 $20,595 $1,600,000 $1,600,000 $0
2015 $3,184 $253,075 $253,075 $0
2014 $3,170 $248,118 $248,118 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219092222

California Desert Association of REALTORS®

APN: 779-380-029