NOT LISTED FOR SALE

Estimated Value: $5,551,000 - $5,854,000

0.6 Acre
$9,504,167 Price per Acre
26,136 Sq Ft Lot

Last Sold April 04, 2019

Last sale price $1,550,000

Est. 268% increase in value since last sale

Current estimated payment $36,830/month

58 Days on Market

Highlights

  • On Golf Course
  • Mountain View
  • Rectangular Lot
  • 0.6 Acre Lot

About This Lot

As of April 2019

Just Reduced - This incredible custom home site at The Madison Club is ready for your dream home! With 26,719 square feet overlooking the magnificent Tom Fazio golf course, a short walk to the clubhouse and elevated south and west views of the Santa Rosa Mountains, this lot has it all.

Last Agent to Sell the Property

Glenn Cassell

Madison Club Properties License #01953599 Listed on: 01/07/2019

Last Buyer's Agent

Glenn Cassell

Madison Club Properties License #01953599 Listed on: 01/07/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $67,517

Lot Details

  • 0.6 Acre Lot
  • On Golf Course
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Irregular Lot

Property Views

  • Mountain Views

Utilities

  • Property is located within a water district
  • Phone Available

Community Details

  • Property has a Home Owners Association
  • The Madison Subdivision

Listing and Financial Details

  • Assessor Parcel Number 767700002

Property Details

Property Type

Land

Est. Annual Taxes

$67,517

Lot Details

0

Listing Details

  • Property Type: D
  • Builders Tract Code: The Madison
  • Lp Sp Ratio: 0.7758
  • View Type: Mountain(s)
  • Water District Name: CVWD
  • Internal Listing I D: 20190608130126698643000000
  • Listing I D: 219000793
  • 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: Water District

Condo/Co-op/Association

  • HOA Information: Yes
  • HOA Fee 1: 1597.00

Lot Info

  • Assessor Parcel Number: 767700002
  • Lot Acres: 0.6000
  • Lot Location: On Golf Course
  • Lot Size: 26136.00
  • List Price per Acre: 3330000.00
  • Lot Features: Irregular Lot, Street Paved, Rectangular Lot
  • Tract Map: Final

Rental Info

  • Land Lease Type: Fee Simple

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2021
Sold by
Hoberman Thomas and 3 Princesses And A P Trust
Bought by
Agua Caliente Llc
Current Estimated Value
$5,699,201

Purchase Details

Closed on
Sep 22, 2020
Sold by
Madison 50B Investors Llc
Bought by
Hoberman Thomas and 3 Princesses And Ap Trust

Purchase Details

Listed on
Jan 7, 2019
Closed on
Feb 22, 2019
Sold by
212 Quincy Llc
Bought by
Madison 50B Investors Llc
Seller's Agent
Glenn Cassell
Madison Club Properties
Buyer's Agent
Glenn Cassell
Madison Club Properties
List Price
$2,750,000
Sold Price
$1,550,000
Premium/Discount to List
-$1,200,000
-43.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.50%
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
Agua Caliente Llc $10,300,000 Fidelity National Ttl Ins Co
Hoberman Thomas -- Fidelity National Ttl Ins Co
Madison 50B Investors Llc $1,550,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Agua Caliente Llc $75,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2019 04/04/19 Sold $1,550,000 -43.6% --
03/06/2019 03/06/19 Pending -- -- --
01/07/2019 01/07/19 For Sale $2,750,000 -- --
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 $67,517 $5,439,751 $5,439,751 --
2023 $67,517 $5,228,520 $5,228,520 $0
2022 $65,870 $5,126,000 $5,126,000 $0
2021 $20,630 $1,600,000 $1,600,000 $0
2020 $20,367 $1,581,000 $1,581,000 $0
2019 $55,303 $4,287,735 $4,287,735 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219000793

California Desert Association of REALTORS®

APN: 779-440-001