$3,175,000
SOLD MAY 21, 2020

86873 Newton Way Thermal, CA 92274

3 Beds
6 Baths
7,227 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$439 Per Sq Ft

4% Below List Price

224 Days on Market

Highlights

  • Concierge
  • Tennis Courts
  • New Construction
  • Fitness Center
  • 24-Hour Security
  • In Ground Pool

About This Home

As of December 2022

Introducing 86873 Newton Way located in The Thermal Club - the ultimate private Motorsports facility - with access to 5.1 miles of private pavement and luxury amenities for members including pool, full service spa, tennis, pickleball, kids club, Karting, racing, driver training, storage and repair facilities. This luxury, custom built, residence has a modern open floorpan and spacious living area that overlooks the Thermal Club Race Track as well as Panoramic desert and mountain views - ideal for privacy and entertaining alike. The Residence is located above the 12 car garage, accessible by stairs or elevator. Don't just look at photos come experience this for yourself!!

Last Agent to Sell the Property

Cynthia Carvel

Douglas Elliman License #01906602 Listed on: 10/09/2019

Douglas Elliman

Co-Listed By

Misty Frasier

Douglas Elliman of California, Inc. License #01312494

Last Buyer's Agent

NONE SPECIFIED

License #None

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $52,098

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Open Parking Spaces
  • 12 Car Garage
  • Driveway

Property Views

  • Panoramic
  • Mountain
  • Desert

Home Design

  • Modern Architecture
  • Split Level Home
  • Entry on the 1st floor

Interior Spaces

  • 7,227 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Furnished
  • High Ceiling
  • Great Room
  • Family Room on Second Floor
  • Laundry Room

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Tennis Courts
  • Balcony

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 759-220-009

Community Details

Overview

  • No Home Owners Association
  • The Thermal Club Association, Phone Number (760) 674-0088
  • Maintained Community

Amenities

  • Concierge
  • Clubhouse

Recreation

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

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$52,098

Year Built

Built in 2019 | New Construction

Lot Details

0

Parking

12

Listing Details

  • Property Type: Residential
  • Property Sub Type: Combo - Res & Com
  • Style: Modern
  • Levels: Multi/Split, Three Or More
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Gated Private Community. Buyer must purchase Thermal Club Membership and pay monthly dues of $1450. For a showing contact Cindy or Misty at 424.500.8543. To get through the guard gate you must sign a waiver. Broker and Broker's Agents do not represent or guarantee the accuracy of the square footage, permitted or unpermitted space, bd/ba count, lot size/dimensions, schools, or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information through personal inspection & w/ appropriate professionals to satisfy themselves.
  • Builders Tract Code: 2040
  • Complex Name: The Thermal Club
  • Entry Floor: 1
  • Living Area: 7227
  • Lot Acreage: 0.1700
  • Planned Urban Dev: 1
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2019
  • Builders Tract Name: Thermal
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Bedrooms: 3
  • Fireplaces: 0
  • Full Bathroom: 4
  • Half Bathroom: 2
  • Common Walls: None
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Inside
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Dishwasher, Elevator, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Fireplace: No
  • Price Per S Q F T: 456.62

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+)
  • Other Structures: None
  • Tennis Court: Community
  • Tennis Court Y/N: Yes
  • Pool Description: Community
  • Pool: Yes
  • Spa: Community
  • Spa Yn: Yes
  • View: Desert, Mountains, Panoramic
  • View: Yes

Garage/Parking

  • Garage Spaces: 12
  • Other Spaces: 2
  • Covered Parking: 12
  • Parking Garage: Driveway - Concrete, Garage - 4+ Car
  • Total Parking: 14

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Gated Community with Guard

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Clubhouse, Concierge, Fitness Center, Gated Community, Gated Community Guard, Pickleball, Pool, Security, Spa, Tennis Courts
  • Pet Rules: Call

Condo/Co-op/Association

  • Management Company: The Thermal Club
  • Mgmt Co Phone: 760.674.0088
  • Phone: 760.674.0088
  • HOA: No

Schools

  • School District: Coachella Valley Unified

Lot Info

  • Horses: No
  • Assessor Parcel Number: 759-220-009
  • Geocode Override: No
  • Lot Size Area: 7405

Rental Info

  • Furnished: Furnished
  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 1

MLS Schools

  • School District: Coachella Valley Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2025
Sold by
John M Gromala Revocable Trust and Gromala John M
Bought by
Thermal Operating Company Llc
Current Estimated Value
$4,718,706

Purchase Details

Closed on
Sep 11, 2020
Sold by
Cusick Carolyn and Cusick Don
Bought by
Cusick Donald J and Cusick Carolyn F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,332,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 9, 2019
Closed on
May 18, 2020
Sold by
Thermal Operating Company Llc
Bought by
Cusick Don and Cusick Carolyn
Seller's Agent
Cynthia Carvel
Douglas Elliman
Buyer's Agent
NONE SPECIFIED
List Price
$3,300,000
Sold Price
$3,175,000
Premium/Discount to List
-$125,000
-3.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.70%
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 Type Sale Price Title Company
Grant Deed $3,000,000 First American Title Insurance
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Grant Deed $3,175,000 First Amer Ttl Ins Co Natl C
Quit Claim Deed $25,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,332,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2022 12/09/22 Sold $4,000,000 0.0% $556 / Sq Ft
12/08/2022 12/08/22 Pending -- -- --
12/05/2022 12/05/22 For Sale $4,000,000 +169.4% $556 / Sq Ft
11/18/2022 11/18/22 Sold $1,485,000 -1.0% --
11/17/2022 11/17/22 Pending -- -- --
10/08/2021 10/08/21 For Sale $1,500,000 -52.8% --
05/21/2020 05/21/20 Sold $3,175,000 -3.8% $439 / Sq Ft
05/20/2020 05/20/20 Pending -- -- --
10/09/2019 10/09/19 For Sale $3,300,000 -- $457 / Sq Ft
Source: The MLS

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 $52,098 $4,161,600 $1,560,600 $2,601,000
2023 $52,098 $3,337,490 $840,942 $2,496,548
2022 $42,442 $3,272,050 $824,453 $2,447,597
2021 $41,654 $3,207,893 $808,288 $2,399,605
2020 $26,359 $2,021,485 $803,085 $1,218,400
2019 $457 $10,868 $10,868 $0
2018 $159 $10,655 $10,655 $0
2017 $159 $10,447 $10,447 $0
2016 $153 $10,243 $10,243 $0
2015 $127 $10,090 $10,090 $0
2014 $127 $9,894 $9,894 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-518510

The MLS

APN: 759-220-009