NOT LISTED FOR SALE

875 Summit Dr Palm Springs, CA 92262

Mountain Gate Neighborhood

Estimated Value: $635,000 - $990,000

4 Beds
3 Baths
2,517 Sq Ft
$326/Sq Ft Est. Value

About This Home

This home is located at 875 Summit Dr, Palm Springs, CA 92262 and is currently estimated at $820,203, approximately $325 per square foot. 875 Summit Dr is a home located in Riverside County with nearby schools including Katherine Finchy Elementary School, Raymond Cree Middle School, and Palm Springs High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2020
Sold by
Hansen Johan Melchior
Bought by
Freire Gary B and The Gbfmlt Living Trust
Current Estimated Value
$820,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$310,058
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$479,603

Purchase Details

Closed on
Aug 19, 2009
Sold by
Mcdaniel Todd
Bought by
Hansen Johan Melchior

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 16, 2004
Sold by
Mountain Gate Palm Springs Ventures Llc
Bought by
Mcdaniel Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Freire Gary B $599,000 Chicago Title Company
Hansen Johan Melchior $350,000 Orange Coast Title Company
Mcdaniel Todd $351,500 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freire Gary B $350,000
Previous Owner Hansen Johan M $100,000
Previous Owner Hansen Johan Melchior $308,500
Previous Owner Hansen Johan Melchior $319,646
Previous Owner Hansen Johan Melchior $343,660
Previous Owner Mcdaniel Todd $120,000
Previous Owner Mcdaniel Todd $310,000
Previous Owner Mcdaniel Todd $246,000
Source: Public Records

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 $9,205 $655,089 $68,350 $586,739
2023 $9,205 $629,653 $65,697 $563,956
2022 $9,537 $617,308 $64,409 $552,899
2021 $9,328 $605,205 $63,147 $542,058
2020 $6,407 $413,093 $103,271 $309,822
2019 $6,580 $404,995 $101,247 $303,748
2018 $6,422 $397,055 $99,262 $297,793
2017 $6,559 $389,270 $97,316 $291,954
2016 $6,396 $381,638 $95,408 $286,230
2015 $6,183 $375,908 $93,976 $281,932
2014 $6,236 $368,546 $92,136 $276,410
Source: Public Records

Map

California Riverside County Palm Springs 92262 Mountain Gate

875 Summit Dr, Palm Springs, CA

This home is located at 875 Summit Dr, Palm Springs, CA 92262 and is currently estimated at $820,203, approximately $325 per square foot. 875 Summit Dr is a home located in Riverside County with nearby schools including Katherine Finchy Elementary School, Raymond Cree Middle School, and Palm Springs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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