NOT LISTED FOR SALE

Estimated Value: $5,630,000 - $11,299,001

0.91 Acre
$9,629,670 Price per Acre
39,640 Sq Ft Lot

Last Sold February 23, 2015

Last sale price $1,000,000

Est. 776% increase in value since last sale

Current estimated payment $54,843/month

94 Days on Market

Highlights

  • On Golf Course
  • Panoramic View
  • 0.91 Acre Lot
  • Gated with Attendant

About This Lot

As of February 2015

THE MADISON CLUB! 500 beautifully landscaped acres reflect The Madison Club's parkland setting, offering stunning views of the desert mountains and premier Fazio golf course.

Last Agent to Sell the Property

Nick Blodgett

Dibble Real Estate License #01375692 Listed on: 11/10/2014

Last Buyer's Agent

Nick Blodgett

Dibble Real Estate License #01375692 Listed on: 11/10/2014

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $104,981

Lot Details

  • 0.91 Acre Lot
  • On Golf Course

Property Views

  • Panoramic
  • Mountain

Utilities

  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 767690015

Community Details

Overview

  • Property has a Home Owners Association
  • The Madison Subdivision

Security

  • Gated with Attendant

Property Details

Property Type

Land

Est. Annual Taxes

$104,981

Lot Details

0

Listing Details

  • Property Type: D
  • Builders Tract Code: The Madison
  • Lp Sp Ratio: 0.7407
  • View Type: Mountain(s), Panoramic
  • Internal Listing I D: 20190608124634693319000000
  • Listing I D: 214086355
  • Listing Office Address: 53000 Jefferson Street, La Quinta, CA 92253
  • Listing Office Fax: (760) 777-9321
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 53000 Jefferson Street, La Quinta, CA 92253
  • Selling Office Fax: (760) 777-9321
  • Land Type: Fee
  • Subdivision: The Madison
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Utilities

  • Telephone Service: In Street
  • Sewer: Unknown
  • Water: In Street

Condo/Co-op/Association

  • HOA Information: Yes
  • HOA Fee 1: 1260.00

Lot Info

  • Assessor Parcel Number: 767690015
  • Lot Acres: 0.9100
  • Lot Location: On Golf Course
  • Lot Size: 39640.00
  • List Price per Acre: 1483516.48
  • Lot Features: Gated with Guard

Rental Info

  • Land Lease Type: Fee Simple

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2021
Sold by
Peets Chad and Peets Cari Jean
Bought by
Shannon Kevin A and Shannon Britta W
Current Estimated Value
$8,763,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,650,000
Outstanding Balance
$4,137,812
Interest Rate
2%
Mortgage Type
New Conventional
Estimated Equity
$4,625,188

Purchase Details

Closed on
Jun 30, 2020
Sold by
Peets Chad and Peets Cari
Bought by
Peets Chad and Peets Cari Jean

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
Interest Rate
1.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2020
Sold by
Mills Robert L and Robert L Mills Trust
Bought by
Peets Chad and Peets Cari

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
Interest Rate
1.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2018
Sold by
T Star Iii Llc
Bought by
Mills Robert L

Purchase Details

Listed on
Nov 10, 2014
Closed on
Jan 28, 2015
Sold by
Della David T and Penta Karen Della
Bought by
T Star Iii Llc
Seller's Agent
Nick Blodgett
Dibble Real Estate
Buyer's Agent
Nick Blodgett
Dibble Real Estate
List Price
$1,350,000
Sold Price
$1,000,000
Premium/Discount to List
-$350,000
-25.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.54%

Purchase Details

Closed on
May 29, 2007
Sold by
East Of Madison Llc
Bought by
Penta David T Della and Penta Karen Della
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
Shannon Kevin A $7,750,000 Lawyers Title Ie
Peets Chad -- Lawyers Title Ie
Peets Chad $6,550,000 Lawyers Title Ie
Mills Robert L $6,200,000 Lawyers Title Ie
T Star Iii Llc $1,000,000 First American Title Company
Penta David T Della $2,000,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shannon Kevin A $4,650,000
Previous Owner Peets Chad $4,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2015 02/23/15 Sold $1,000,000 -25.9% --
11/10/2014 11/10/14 Pending -- -- --
11/10/2014 11/10/14 For Sale $1,350,000 -- --
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
2025 $104,981 $8,388,847 $2,056,620 $6,332,227
2023 $104,981 $8,063,100 $1,976,760 $6,086,340
2022 $102,291 $7,905,000 $1,938,000 $5,967,000
2021 $91,849 $7,085,148 $1,829,256 $5,255,892
2020 $90,937 $7,022,700 $1,820,700 $5,202,000
2019 $0 $6,885,000 $1,785,000 $5,100,000
2018 $62,237 $4,789,466 $1,056,266 $3,733,200
2017 $40,256 $3,035,555 $1,035,555 $2,000,000
2016 $13,393 $1,015,250 $1,015,250 $0
2015 $12,571 $1,000,000 $1,000,000 $0
2014 $18,567 $1,456,000 $1,456,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 214086355

California Desert Association of REALTORS®

APN: 779-410-014