NOT LISTED FOR SALE

86511 Wallace Rd Thermal, CA 92274

Estimated Value: $413,000 - $923,000

2 Beds
1 Bath
750 Sq Ft
$788/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $405,000 $540 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,568/month

72 Days on Market

Highlights

  • Horse Property
  • 57,935 Sq Ft lot
  • 1 Fireplace
  • RV Access or Parking
  • Private Lot
  • Agricultural

About This Home

As of March 2022

This is a ranch style property!!!This property is 1.3 Acres of land and a caretaker house, it has over 100 date palm trees already producing fruit, water well, and very close to Coachella Downtown. This property is properly registered. FHA may not be suitable.

Last Agent to Sell the Property

Miguel Briones

HomeSmart License #01705617 Listed on: 11/10/2021

HomeSmart

Last Buyer's Agent

Miguel Briones

HomeSmart License #01705617 Listed on: 11/10/2021

HomeSmart

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1963

Lot Details

  • 1.33 Acre Lot
  • North Facing Home
  • Chain Link Fence
  • Private Lot
  • Drip System Landscaping
  • Sprinklers on Timer

Interior Spaces

  • 750 Sq Ft Home
  • 1 Fireplace
  • Ceramic Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 10 Car Parking Spaces
  • 10 Parking Garage Spaces
  • RV Access or Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Septic Tank

Additional Features

  • Horse Property
  • Ground Level
  • Agricultural

Listing and Financial Details

  • Assessor Parcel Number 763300001

Home Details

Home Type

Single Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces North
  • Levels: Ground
  • List Price per Sq Ft: 566.67
  • Lp Sp Ratio: 0.9500
  • Year Built: 1963
  • Listing I D: 219070174
  • Listing Member Address: 431 S. Palm Canyon Drive, Suite 100 Floor 1, Palm Springs, CA 92262
  • Listing Office Address: 431 S. Palm Canyon Drive, Suite 100 Floor 1, Palm Springs, CA 92262
  • Listing Office Fax: (760) 844-7550
  • Selling Member Address: 431 S. Palm Canyon Drive, Suite 100 Floor 1, Palm Springs, CA 92262
  • Selling Office Address: 431 S. Palm Canyon Drive, Suite 100 Floor 1, Palm Springs, CA 92262
  • Selling Office Fax: (760) 844-7550
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Not Applicable
  • Special Features: None

Interior Features

  • Flooring: Ceramic Tile
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Estimated Sq Ft: 750.00

Exterior Features

  • Fencing: Chain Link
  • Planned Unit Development: No

Garage/Parking

  • Total Parking Spaces: 10.00
  • Total Uncovered Assigned Spaces: 10.00

Utilities

  • Cooling Type: Wall/Window Unit(s)
  • Sewer: Septic Tank

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 763300001
  • Irrigation: Drip System, Sprinkler Timer, Sprinkler System
  • Lot Description: Agricultural, Private, Horse Property
  • Lot Size: 57935.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2021
Closed on
Feb 4, 2022
Sold by
Ivett Barragan Susana
Bought by
Polanco Victor H
Seller's Agent
Miguel Briones
HomeSmart
Buyer's Agent
Miguel Briones
HomeSmart
List Price
$425,000
Sold Price
$405,000
Premium/Discount to List
-$20,000
-4.71%
Current Estimated Value
$590,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,957
Avg. Annual Appreciation
10.34%
Original Mortgage
$324,000
Outstanding Balance
$300,237
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$290,720

Purchase Details

Listed on
Nov 10, 2021
Closed on
Feb 3, 2022
Sold by
Rivera Cardenas Delfino
Bought by
Polanco Victor H
Seller's Agent
Miguel Briones
HomeSmart
Buyer's Agent
Miguel Briones
HomeSmart
List Price
$425,000
Sold Price
$405,000
Premium/Discount to List
-$20,000
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Outstanding Balance
$300,237
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$290,720

Purchase Details

Closed on
Apr 8, 2015
Sold by
Rivera Andrea
Bought by
Rivera Delfino
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Polanco Victor H -- None Listed On Document
Polanco Victor H $405,000 None Listed On Document
Rivera Delfino -- Ticor Title Company
Rivera Delfino $81,000 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Polanco Victor H $324,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2022 03/04/22 Sold $405,000 -4.7% $540 / Sq Ft
01/21/2022 01/21/22 Pending -- -- --
12/07/2021 12/07/21 For Sale $425,000 0.0% $567 / Sq Ft
12/01/2021 12/01/21 Pending -- -- --
11/10/2021 11/10/21 For Sale $425,000 -- $567 / Sq Ft
Source: Greater Palm Springs Multiple Listing Service

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 $5,768 $429,788 $79,590 $350,198
2023 $5,768 $413,100 $76,500 $336,600
2022 $1,598 $91,729 $90,599 $1,130
2021 $1,551 $89,931 $88,823 $1,108
2020 $1,310 $89,010 $87,913 $1,097
2019 $1,506 $87,266 $86,190 $1,076
2018 $1,477 $85,555 $84,500 $1,055
2017 $1,267 $83,879 $82,844 $1,035
2016 $1,219 $82,235 $81,220 $1,015
2015 $298 $10,340 $2,271 $8,069
2014 $297 $10,140 $2,228 $7,912
Source: Public Records

Agents Affiliated with this Home

  • Miguel Briones

    Seller's Agent in 2022

    Miguel Briones

    HomeSmart

    (760) 969-8401

    1 in this area

    73 Total Sales

    Miguel Briones
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Map

Source: Greater Palm Springs Multiple Listing Service

MLS Number: 219070174

Greater Palm Springs Multiple Listing Service

APN: 763-300-001

California Riverside County Thermal 92274

86511 Wallace Rd, Thermal, CA

Not Listed for Sale

Detached

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