NOT LISTED FOR SALE

88300 58th Ave Thermal, CA 92274

Estimated Value: $666,686

2.75 Acres
$242,431 Price per Acre
119,790 Sq Ft Lot

Last Sold January 02, 2020

Last sale price $449,000

Est. 48% increase in value since last sale

Current estimated payment $4,008/month

About This Lot

As of January 2020

This industrial property zoning M-H (Manufacture Heavy Machinery) has seller financing up to 90%. Great opportunity in the Enterprise Zone with low cost IID Electric, close to railroad,and I-10 and Expressway 86. Thermal is a small, stable community located in the center of the fastest growing region in the area, the eastern Coachella Valley. The City offers a wealth of economic opportunity and the unmatched lifestyle for which the whole valley is internationally known. You'll find low cost industrial and commercial land, a young and willing labor force and fast track entitlement processing. Property is fully fenced with its own private water well.

Last Agent to Sell the Property

Allan Grushkin

HomeSmart License #01872369 Listed on: 05/01/2018

HomeSmart

Last Buyer's Agent

Allan Grushkin

HomeSmart License #01872369 Listed on: 05/01/2018

HomeSmart

Property Details

Property Type

  • Land

Lot Details

  • 2.75 Acre Lot

Utilities

  • Well
  • Septic Tank

Community Details

  • Thermal Subdivision

Listing and Financial Details

  • Assessor Parcel Number 757150026

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: D
  • Builders Tract Code: Thermal
  • Lp Sp Ratio: 1.0000
  • Internal Listing I D: 20190608125912943953000000
  • Listing I D: 218012740
  • Listing Office Address: 44-530 San Pablo Ste 101, Palm Desert, CA 92260
  • Listing Office Fax: (760) 340-9254
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 44-530 San Pablo Ste 101, Palm Desert, CA 92260
  • Selling Office Fax: (760) 340-9254
  • Land Type: Fee
  • Subdivision: Thermal
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer: Septic Tank
  • Water Well: Yes

Lot Info

  • Assessor Parcel Number: 757150026
  • Lot Acres: 2.7500
  • Lot Size: 119790.00
  • List Price per Acre: 163272.73

Rental Info

  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2018
Closed on
Feb 10, 2020
Sold by
Ira Services Trust Company
Bought by
John Vermillion and John Debra Vermillion
Seller's Agent
Allan Grushkin
HomeSmart
Buyer's Agent
Allan Grushkin
HomeSmart
List Price
$449,000
Sold Price
$449,000
Current Estimated Value
$666,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,686
Avg. Annual Appreciation
6.96%
Original Mortgage
$374,000
Outstanding Balance
$331,151
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$342,188

Purchase Details

Listed on
May 1, 2018
Closed on
Jan 31, 2020
Sold by
Buck Walsh Tracey
Bought by
Ira Services Trust Company
Seller's Agent
Allan Grushkin
HomeSmart
Buyer's Agent
Allan Grushkin
HomeSmart
List Price
$449,000
Sold Price
$449,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Outstanding Balance
$331,151
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$342,188

Purchase Details

Closed on
Oct 8, 2014
Sold by
Danny Walsh & Associates Defined Benefit
Bought by
Ira Services Trust Company

Purchase Details

Closed on
Sep 9, 2013
Sold by
Pensco Trust Co
Bought by
Ira Services Trust Company

Purchase Details

Closed on
Apr 28, 2010
Sold by
Esqueda Rafael R
Bought by
Danny Walsh & Associates Defined Benefit

Purchase Details

Closed on
Feb 28, 2007
Sold by
Taff Freda
Bought by
Esqueda Rafael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
John Vermillion $449,000 Orange Coast Title Company
Ira Services Trust Company $151,009 None Available
Ira Services Trust Company -- None Available
Ira Services Trust Company -- None Available
Danny Walsh & Associates Defined Benefit -- Chicago Title Company
Esqueda Rafael R $700,000 Chicago Title Company
Esqueda Rafael R -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open John Vermillion $374,000
Previous Owner Esqueda Rafael R $446,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2020 01/02/20 Sold $449,000 0.0% --
05/01/2018 05/01/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $449,000 -- --
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 $6,310 $491,045 $491,045 --
2023 $6,310 $471,978 $471,978 --
2022 $6,161 $462,724 $462,724 $0
2021 $6,054 $453,651 $453,651 $0
2020 $5,331 $397,800 $397,800 $0
2019 $5,245 $390,000 $390,000 $0
2018 $5,248 $390,000 $390,000 $0
2017 $5,195 $378,000 $378,000 $0
2016 $5,082 $378,000 $378,000 $0
2015 $5,216 $388,500 $378,000 $10,500
2014 $5,056 $370,000 $360,000 $10,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Allan Grushkin

    HomeSmart

    (760) 777-2792

    22 Total Sales

    Allan Grushkin
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Map

Source: California Desert Association of REALTORS®

MLS Number: 218012740

California Desert Association of REALTORS®

APN: 757-150-026

California Riverside County Thermal 92274

88300 58th Ave, Thermal, CA

Not Listed for Sale

Lots

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