NOT LISTED FOR SALE

Estimated Value: $6,272,000 - $15,219,717

0.72 Acre
$13,258,287 Price per Acre
31,363 Sq Ft Lot

Last Sold March 31, 2023

Last sale price $4,080,667

Est. 134% increase in value since last sale

Current estimated payment $57,783/month

120 Days on Market

Highlights

  • On Golf Course
  • Gated Community
  • Partially Fenced Property
  • Panoramic View
  • 31,363 Sq Ft lot
  • Level Lot

About This Lot

As of March 2023

Welcome to The Madison Club! This unbelievable custom homesite is waiting for your imagination. Located on the 4th fairway of the world-class, Tom Fazio designed golf course, this location offers endless views of the surrounding desert mountains. Design your dream custom estate here.

Last Agent to Sell the Property

Glenn Cassell

Madison Club Properties License #01953599 Listed on: 05/03/2022

Co-Listed By

Ginger Glass

Compass License #01478465

Last Buyer's Agent

Glenn Cassell

Madison Club Properties License #01953599 Listed on: 05/03/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $60,750

Lot Details

  • 0.72 Acre Lot
  • Property fronts a private road
  • On Golf Course
  • Partially Fenced Property
  • Level Lot

Property Views

  • Panoramic
  • Golf Course
  • Mountain

Utilities

  • Property is located within a water district
  • Phone Available

Listing and Financial Details

  • Tax Lot Lot 4
  • Assessor Parcel Number 779380030

Community Details

Overview

  • Property has a Home Owners Association
  • The Madison Subdivision

Security

  • Gated Community

Recreation

  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$60,750

Lot Details

0

Listing Details

  • Property Type: D
  • Lp Sp Ratio: 0.9100
  • View Type: Golf Course, Panoramic, Mountain(s)
  • Water District Name: CVWD
  • Co Listing Member Address: 9454 Wilshire Blvd., #400, Beverly Hills, CA 90212
  • Co Listing Office Address: 39620 Washington St. Suite A, Palm Desert, CA 92211
  • Internal Listing I D: 20220503203443050484000000
  • Listing I D: 219078157
  • Listing Member Address: 52050 Meriwether Way, La Quinta, CA 92253
  • Listing Office Address: 52050 Meriwether Way, La Quinta, CA 92253
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 52050 Meriwether Way, La Quinta, CA 92253
  • Selling Office Address: 52050 Meriwether Way, La Quinta, CA 92253
  • Land Type: Fee
  • Subdivision: The Madison
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Private Road
  • Fencing: Partial
  • View: Yes

Utilities

  • Telephone Service: In Street
  • Sewer: Unknown
  • Water: Water District
  • Utilities: Electricity Available, In Street, Water Available, Sewer Available, Phone Available, Natural Gas Available

Association/Amenities

  • Gated Community: Yes

Condo/Co-op/Association

  • HOA Information: Yes
  • HOA Fee 1: 5846.00

Lot Info

  • Present Use: Residential, Unimproved
  • Assessor Parcel Number: 779380030
  • Lot Location: On Golf Course
  • Lot Size: 31363.00
  • Lot Features: Level
  • Potential Use: Residential

Rental Info

  • Land Lease Type: Fee Simple

Tax Info

  • Tax Legal Lot Number: Lot 4
  • Tax Legal Tract Number: 33076-2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2024
Sold by
Doan Richard T
Bought by
Madison 3B Llc
Current Estimated Value
$9,545,906

Purchase Details

Closed on
Aug 18, 2022
Sold by
Traub Family Revocable Trust
Bought by
Doan Richard T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2018
Sold by
East Of Madison Llc
Bought by
Traub Cassidy Jahn and Traub Priscilla Suzan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Madison 3B Llc -- Fidelity National Title
Azoff Family Trust $17,500,000 Fidelity National Title
Madison 3B Llc -- Fidelity National Title
Doan Richard T $4,081,000 Ticor Title
Traub Cassidy Jahn $1,500,000 Fidelity National Title Grou
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Doan Richard T $3,000,000
Previous Owner Traub Cassidy Jahn $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $4,080,667 -9.3% --
08/31/2022 08/31/22 Pending -- -- --
05/03/2022 05/03/22 For Sale $4,500,000 -- --
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 $60,750 $1,608,302 $1,608,302 $0
2022 $20,259 $1,576,767 $1,576,767 $0
2021 $19,895 $1,545,850 $1,545,850 $0
2020 $19,672 $1,530,000 $1,530,000 $0
2019 $19,329 $1,500,000 $1,500,000 $0
2018 $3,460 $267,312 $267,312 $0
2017 $3,463 $262,071 $262,071 $0
2016 $3,318 $256,933 $256,933 $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: 219078157

California Desert Association of REALTORS®

APN: 779-380-030