NOT LISTED FOR SALE

Lot 1 Alessandro Dr Palm Desert, CA 92260

Palma Village Groves Neighborhood

Estimated Value: $300,000

0.18 Acre
$1,666,667 Price per Acre
7,841 Sq Ft Lot

Last Sold September 29, 2022

Last sale price $250,000

Est. 20% increase in value since last sale

Current estimated payment $1,977/month

99 Days on Market

Highlights

  • Peek-A-Boo Views
  • Corner Lot
  • Partially Fenced Property
  • Palm Desert High School Rated A

About This Lot

As of September 2022

SHORT TERM RENTAL OPPORTUNITY. As the exclusive listing brokers, we are pleased to present the opportunity to acquire this DE-O zoned lot in a highly demanded and newly created Downtown District of Palm Desert. The creation of multi-story mixed use buildings near Highway 111, El Paseo, San Pablo Avenue and the Downtown edge is planned for higher density and city agreed Short Term Rental use makes this area a true hot spot. The multi-use zoning for DE-O offers limitless potential for building multi-residential with commercial building which also have city approved STRs or other multi-use options. Major mail box money potential!The City's newly updated General Plan identifies San Pablo Avenue as a key area for transformational change to facilitate the creation of a downtown/city center. The urbanization of the Downtown Palm Desert offers incredible opportunity and access to shopping, restaurants, and other commercial services at El Paseo and Highway 111 with residential neighborhoods and civic uses including Palm Desert City hall, College of the Desert, Civic Center Park, and the future CVLink.Sellers have a design compliant perspective and floor plan.Do not miss out on this DE-O lot available on the market today in the Downtown Palm Desert! Sellers also have an adjoining 8,500 sq/ft DE-O lot right next to this one which may be joined.

Last Agent to Sell the Property

Kristian Ardelian

Kristian Ardelian, Broker License #02069861 Listed on: 06/21/2022

Last Buyer's Agent

Robert Downing Tracy Boomer Group

Bennion Deville Homes License #01322803

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,101

Lot Details

  • 7,841 Sq Ft Lot
  • Partially Fenced Property
  • Block Wall Fence
  • Wire Fence
  • Corner Lot
  • Rectangular Lot
  • Level Lot

Property Views

  • Peek-A-Boo
  • Mountain

Outdoor Features

  • Electricity Available at Street

Schools

  • Abraham Lincoln Elementary School
  • Palm Desert Charter Middle School
  • Palm Desert High School

Utilities

  • Underground Utilities
  • Overhead Utilities
  • Sewer in Street
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 627182006

Property Details

Property Type

Land

Est. Annual Taxes

$4,101

Lot Details

0

Listing Details

  • Property Type: D
  • Lp Sp Ratio: 0.9700
  • View Type: Mountain(s), Peek-A-Boo
  • Water District Name: CVWD
  • Co Selling Office Address: 71-691 Highway 111, Rancho Mirage Office, Rancho Mirage, CA 92270
  • Co Selling Office Fax: (760) 770-6951
  • Internal Listing I D: 20220622050834105374000000
  • Listing I D: 219080772
  • Listing Member Address: 74-923 HWY 111, #444, Indian Wells, CA 92210
  • Listing Office Address: 74-923 HWY 111, #444, Indian Wells, CA 92210
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 71-691 Highway 111, Rancho Mirage Office, Rancho Mirage, CA 92270
  • Selling Office Fax: (760) 770-6951
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: City Street
  • Fencing: Block, Wire, Partial
  • View: Yes
  • Street Lights: Yes

Utilities

  • Telephone Service: In Street
  • Sewer: In Street on Bond
  • Water: In Street
  • Utilities: Electricity Available, Phone Available, Water Available, Underground Utilities, Sewer Available, In Street, Overhead Utilities, Natural Gas Available

Condo/Co-op/Association

  • Public Street: Yes

Lot Info

  • Assessments: Buyer to Verify
  • Present Use: Vacant
  • Survey: Buyer Pays
  • Assessor Parcel Number: 627182006
  • Lot Acres: 0.1800
  • Lot Location: Corner Lot
  • Lot Size: 7841.00
  • Assessor Parcel Number: 627182006
  • Lot Features: 2 - 4 Lots, Street Public, Street Lighting, Rectangular Lot, Level, Curbs
  • Potential Use: Commercial, Residential, Single Family, Multi-Family, Office, Investment, Mixed Use
  • Site: Varied

Rental Info

  • Land Lease Type: Fee Simple

MLS Schools

  • Elementary School: Abraham Lincoln
  • High School: Palm Desert
  • Junior Middle School: Palm Desert Charter

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2023
Sold by
California Gold Properties Inc
Bought by
Downing Robert L and Boomer Tracy W
Current Estimated Value
$300,000

Purchase Details

Listed on
Jun 21, 2022
Closed on
Sep 12, 2022
Sold by
Meador Family Trust
Bought by
California Gold Properties Inc
Seller's Agent
Kristian Ardelian
Kristian Ardelian, Broker
Buyer's Agent
Robert Downing Tracy Boomer Group
Bennion Deville Homes
List Price
$259,000
Sold Price
$250,000
Premium/Discount to List
-$9,000
-3.47%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.24%

Purchase Details

Closed on
Jul 26, 2021
Sold by
Nelson Barbara L and The Nelson Family Trust
Bought by
Meador Kenneth R and Meador Anna Maria

Purchase Details

Closed on
Jul 12, 2001
Sold by
Nelson Barbara L and Nelson Marvin M
Bought by
Nelson Barbara L and Nelson Marvin M
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 Buyer Sale Price Title Company
Downing Robert L $325,000 Ticor Title
California Gold Properties Inc $250,000 Ticor Title
Meador Kenneth R $395,000 Landwood Title
Nelson Barbara L -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2022 09/29/22 Sold $250,000 -3.5% --
06/21/2022 06/21/22 For Sale $259,000 -- --
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 $4,101 $338,130 $338,130 --
2023 $3,103 $250,000 $250,000 $0
2022 $1,646 $7,773 $7,773 $0
2021 $135 $7,620 $7,620 $0
2020 $133 $7,542 $7,542 $0
2019 $131 $7,395 $7,395 $0
2018 $130 $7,250 $7,250 $0
2017 $127 $7,108 $7,108 $0
2016 $125 $6,969 $6,969 $0
2015 $125 $6,865 $6,865 $0
2014 $124 $6,732 $6,732 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kristian Ardelian

    Kristian Ardelian, Broker

    (760) 835-2191

    7 in this area

    33 Total Sales

    Kristian Ardelian
    Section Image

  • R

    Buyer's Agent in 2022

    Robert Downing Tracy Boomer Group

    Bennion Deville Homes

  • R

    Buyer's Agent in 2022

    Robert Downing

    Equity Union

    (760) 408-2965

    1 in this area

    172 Total Sales

    Robert Downing
    Section Image

  • B

    Buyer's Agent in 2022

    Bespoke Real Estate Group

    Bennion Deville Homes

  • T

    Buyer Co-Listing Agent in 2022

    Tracy Boomer

    HK Lane Real Estate

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 219080772

California Desert Association of REALTORS®

APN: 627-182-006

California Riverside County Palm Desert 92260 Palma Village Groves

Lot 1 Alessandro Dr, Palm Desert, CA

This home is located at Lot 1 Alessandro Dr, Palm Desert, CA 92260 since 21 June 2022 and is currently estimated at $300,000. Lot 1 Alessandro Dr is a home located in Riverside County with nearby schools including Abraham Lincoln Elementary School, La Quinta Middle School, and Palm Desert 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.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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