NOT LISTED FOR SALE

Estimated Value: $419,000 - $590,000

3 Beds
3 Baths
1,880 Sq Ft
$450/mo HOA Fee

Last Sold July 08, 2019

Last sale price $270,000 $144 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $3,478/month

22 Days on Market

Highlights

  • Fitness Center
  • Heated Lap Pool
  • Panoramic View
  • Palm Springs High School Rated A-
  • Primary Bedroom Suite
  • Gated Community

About This Home

As of July 2019

Located in the executive gated community of Village Racquet Club off of Ramon Road, this 3 BD/3BA multi-level remodeled condo offers exceptional privacy and resort living. Outstanding views abound from almost every room in this stunning home. Front entry opens to the modern, gourmet kitchen & dining area w/ upgraded appliances, custom cabinets, breakfast bar, dining area w/ access to front courtyard & spectacular views. Living room w/ floor-to-ceiling gas fireplace, wet-bar area & balcony. The spacious master retreat with sun room/office area has a large walk-in closet and luxurious bathroom. The 2 guest bedrooms offer privacy & individual bathrooms. NEWLY installed 4 ton YORK LX central AC with 14 SEER rating. Community features 8 pools, 8 spas, lighted tennis courts, indoor racquetball courts, fitness center, library & lushly landscaped grounds w/ water features. Great for full-time residence or vacation home (30 day minimum). HOA pays for the water and trash.

The current land lease expires in 2042 but the lease extension has been approved out to 2076. See pages 1-3 of lease extension letter in docs.

The condo is fully furnished and all items are already in place for complete monthly rentals (furniture and items sold separately/negotiable). Long term rental income in place January 18 - March 31 totaling $9,733 via Airbnb----IF new owner desires.

Do not attempt to enter through carport.

Last Agent to Sell the Property

Robert Donovan

ROBERT J DONOVAN, BROKER License #01900781 Listed on: 04/01/2019

Last Buyer's Agent

Robert Donovan

ROBERT J DONOVAN, BROKER License #01900781 Listed on: 04/01/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,099

Year Built

  • Built in 1985 | Remodeled

Lot Details

  • Two or More Common Walls
  • Block Wall Fence
  • Fence is in good condition
  • Density is 21-25 Units/Acre
  • Land Lease of $2,868

HOA Fees

  • $450 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 1 Attached Carport Space
  • Parking Available
  • Single Garage Door
  • Garage Door Opener
  • Automatic Gate
  • Guest Parking

Property Views

  • Panoramic
  • Mountain

Home Design

  • Contemporary Architecture
  • Stucco

Interior Spaces

  • 1,880 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Built-In Features
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Track Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Blinds
  • French Doors
  • Sliding Doors
  • Entryway
  • Living Room with Attached Deck
  • Dining Room
  • Den with Fireplace
  • Alarm System

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • 3 Full Bathrooms
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Toliet
  • Walk-in Shower
  • Low Flow Shower

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry Located Outside
  • Stacked Washer and Dryer

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Pool

  • Heated Lap Pool
  • Heated In Ground Pool
  • Exercise
  • In Ground Spa
  • Fence Around Pool

Outdoor Features

  • Living Room Balcony
  • Open Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts in Garage
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 009611810

Community Details

Overview

  • 140 Units
  • Desert Resort Mgt Association, Phone Number (760) 346-1161
  • Desert Resort Mtg HOA
  • Maintained Community

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Racquetball
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Restriction

Security

  • Card or Code Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,099

Year Built

Built in 1985 | Remodeled

Lot Details

0

HOA Fees

$450 per month

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Gated Community, Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: Village Racquet Club (33270)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 009611810
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1880.00 Square Feet
  • Interior Amenities: Balcony, Bar, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), High Ceilings, Living Room Balcony, Living Room Deck Attached, Pantry, Track Lighting, Wet Bar
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: French Doors, Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Den, Gas
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 143.62
  • Room Type: Entry, Kitchen, Laundry, Living Room, Master Suite
  • Spa Features: Association, In Ground
  • Window Features: Blinds, Double Pane Windows
  • Bathroom Features: Low Flow Shower, Low Flow Toilet(s), Shower, Double Sinks In Master Bath, Granite Counters, Remodeled, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Mountain(s), Panoramic
  • Fence: Yes
  • Fencing: Block, Good Condition
  • Patio And Porch Features: Patio Open
  • Pool Features: Association, Exercise Pool, Fenced, Heated, In Ground, Lap
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Attached Carport, Garage - Single Door, Garage Door Opener, Guest
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Water Line to Refrigerator
  • Electric: 220 Volts in Garage
  • Heating Type: Central, Forced Air
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Garage, Inside, Outside, Stackable, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Tennis Court(s), Racquetball, Gym/Ex Room, Clubhouse, Maintenance Grounds, Pet Rules, Controlled Access
  • Association Fee: 450.00
  • Association Fee Frequency: Monthly
  • Association Name: Desert Resort Mgt
  • Phone: 7603461161
  • Senior Community: No
  • Community Features: Curbs, Street Lights
  • Association Management: Desert Resort Mtg

Schools

  • School District: Palm Springs Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Land Lease Amount: 2868.00
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 2178.00
  • Lot Size Acres: 0.0500
  • Latitude Manual: 33.81788700

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 2178.0000 Square Feet
  • Number Of Units In Community: 140
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 9414.00
  • Tax Lot: 9999
  • Tax Tract Number: 99999

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2016
Sold by
Donovan Robert J
Bought by
Donovan Family Trust
Current Estimated Value
$493,978

Purchase Details

Listed on
Nov 6, 2015
Closed on
Jan 4, 2016
Sold by
Donovan Tamara
Bought by
Donovan Robert J
Seller's Agent
Brad Schmett Real Estate Group
Keller Williams Luxury Homes
Buyer's Agent
Robert Donovan
ROBERT J DONOVAN, BROKER
List Price
$299,000
Sold Price
$280,000
Premium/Discount to List
-$19,000
-6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.07%
Original Mortgage
$210,000
Outstanding Balance
$88,621
Interest Rate
3.13%
Mortgage Type
New Conventional
Estimated Equity
$405,357

Purchase Details

Closed on
May 3, 2012
Sold by
Corral Eduardo and Corral Anita L
Bought by
El Dorado Hills Capital Fund Llc

Purchase Details

Closed on
Dec 31, 1996
Sold by
Ryan Michael L and Puckett Mary
Bought by
Bentley Richard and Smith Grahame
Source: Public Records

Range of Values:

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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
Donovan Family Trust -- None Available
Donovan Robert J -- Title 365
El Dorado Hills Capital Fund Llc -- None Available
Bentley Richard $71,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donovan Robert J $210,000
Previous Owner Pecoraro Michael $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2019 07/08/19 Sold $270,000 -10.0% $144 / Sq Ft
04/23/2019 04/23/19 Pending -- -- --
04/13/2019 04/13/19 Price Changed $299,999 -6.8% $160 / Sq Ft
04/01/2019 04/01/19 For Sale $322,000 +15.0% $171 / Sq Ft
01/20/2016 01/20/16 Sold $280,000 -6.4% $149 / Sq Ft
11/19/2015 11/19/15 Pending -- -- --
11/06/2015 11/06/15 For Sale $299,000 -- $159 / 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
2025 $4,099 $316,278 $97,551 $218,727
2023 $4,099 $303,999 $93,764 $210,235
2022 $4,099 $298,039 $91,926 $206,113
2021 $4,019 $292,196 $90,124 $202,072
2020 $3,845 $289,200 $89,200 $200,000
2019 $4,202 $317,300 $79,589 $237,711
2018 $4,126 $311,079 $78,030 $233,049
2017 $4,068 $304,980 $76,500 $228,480
2016 $2,750 $201,803 $50,970 $150,833
2015 $2,633 $198,773 $50,205 $148,568
2014 $2,273 $169,000 $57,000 $112,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19073246

California Regional Multiple Listing Service (CRMLS)

APN: 009-611-810