Seller's Agent in 2020
Carl Mitrak
WINDERMERE DESERT PROPERTIES
(760) 773-9687
21 Total Sales
Estimated Value: $672,951 - $968,000
--
Bed
4
Baths
2,400
Sq Ft
$330/Sq Ft
Est. Value
Highlights
- No Units Above
- Midcentury Modern Architecture
- High Efficiency Air Conditioning
- Palm Springs High School Rated A-
- No HOA
- Laundry Room
About This Home
As of August 2020Thanks for looking! This is a mid century (1951) Art Deco building. Four large studios on a 1/4 acre lot! Centrally located near everything Palm Springs has to offer. A waiting list for new tenants. Long term tenants, Two over seven years! Wonderfully maintained by the local owner with many upgrades. The east part of the parcel has room for a pool or (check with the city) ability to build a sfr residence. Possibly more with a P.S. variance. Separate electrical meters. Lots of uncovered parking. Impeccable interiors and outside landscape.
Laundry room, machines conveyed with title. Similar properties have rents near $1,000 per month. Please check the financing option. With 30% and a well qualified purchaser, owner MAY do an installment sale and finance for 15 years.
Last Agent to Sell the Property
WINDERMERE DESERT PROPERTIES License #00519085 Listed on: 04/11/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,835
Year Built
- Built in 1951
Lot Details
- 0.25 Acre Lot
- No Units Above
- Two or More Common Walls
- Sprinkler System
- Density is 2-5 Units/Acre
Home Design
- Midcentury Modern Architecture
- Quadruplex
- Slab Foundation
- Elastomeric Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4 Bathrooms
- 2,400 Sq Ft Home
- 1-Story Property
- Tile Flooring
Kitchen
- Gas Range
- Disposal
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Exterior Lighting
Utilities
- High Efficiency Air Conditioning
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Gas Water Heater
- Sewer Paid
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Legal Lot and Block 15 / A
- Tax Tract Number 446
- Assessor Parcel Number 507041013
Community Details
Overview
- No Home Owners Association
- 4 Units
- Colony El Mirador Subdivision
Amenities
- Laundry Facilities
Building Details
- 4 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $310
- Fuel Expense $500
- Gardener Expense $420
- Insurance Expense $900
- Professional Management Expense $600
- Supplies Expense $800
- Trash Expense $829
- Water Sewer Expense $1,026
- New Taxes Expense $6,200
- Operating Expense $11,585
- Gross Income $35,280
- Net Operating Income $26,680
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 11, 2020
Closed on
Aug 17, 2020
Sold by
Joyce Brain T
Bought by
Reynolds Paul and Mcconnaughey Robert
Seller's Agent
Carl Mitrak
WINDERMERE DESERT PROPERTIES
Buyer's Agent
Carl Mitrak
WINDERMERE DESERT PROPERTIES
List Price
$549,000
Sold Price
$499,900
Premium/Discount to List
-$49,100
-8.94%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,338
Avg. Annual Appreciation
9.34%
Original Mortgage
$374,250
Outstanding Balance
$331,986
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$459,252
Purchase Details
Closed on
Apr 28, 2009
Sold by
Bank Of America National Association
Bought by
Joyce Brian T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,260
Interest Rate
4.78%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Mar 26, 2009
Sold by
Moore Gail M
Bought by
Bank Of America National Association
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,260
Interest Rate
4.78%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jan 30, 2007
Sold by
Weiner David A and Schneiderman Glen
Bought by
Moore Gail M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
6.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 19, 2006
Sold by
Trecde 0608 Llc
Bought by
Weiner David A
Purchase Details
Closed on
Mar 28, 2006
Sold by
Weiner David A
Bought by
Trecde 0608 Llc
Purchase Details
Closed on
Jan 27, 2004
Sold by
Results Realty Inc
Bought by
Weiner David A and Schneiderman Glen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,200
Interest Rate
6.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 22, 2004
Sold by
Modin Larry A and Branco Rodger
Bought by
Results Realty Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,200
Interest Rate
6.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 12, 2001
Sold by
Ingallinera Albert J
Bought by
Modin Larry A and Branco Rodger
Purchase Details
Closed on
Jul 22, 1999
Sold by
Imc Mtg Company
Bought by
Ingallinera Albert J and Ingallinera Brian
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,200
Interest Rate
7.64%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 26, 1999
Sold by
Davis Selma
Bought by
Imc Mtg Company
Purchase Details
Closed on
Nov 5, 1997
Sold by
Walke5r Algrada
Bought by
Davis Selma
Purchase Details
Closed on
Jun 3, 1997
Sold by
Davis Selma
Bought by
Walker Algrada
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,600
Interest Rate
7.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 8, 1997
Sold by
Reynolds Dorothy A
Bought by
Davis Selma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,600
Interest Rate
7.98%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Reynolds Paul | $500,000 | Stewart Title Of Ca Inc | |
| Joyce Brian T | $199,000 | Multiple | |
| Bank Of America National Association | $194,950 | Accommodation | |
| Moore Gail M | $480,000 | United Title Company | |
| Weiner David A | -- | Accommodation | |
| Trecde 0608 Llc | -- | Accommodation | |
| Weiner David A | $314,000 | Fidelity National Title | |
| Results Realty Inc | -- | Fidelity Natl Title Ins Co | |
| Modin Larry A | $142,000 | Fidelity National Title Co | |
| Ingallinera Albert J | $65,000 | First American Title Co | |
| Imc Mtg Company | $80,720 | -- | |
| Davis Selma | -- | -- | |
| Walker Algrada | -- | First American Title Ins Co | |
| Davis Selma | $87,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Reynolds Paul | $374,250 | |
| Previous Owner | Joyce Brian T | $147,260 | |
| Previous Owner | Moore Gail M | $384,000 | |
| Previous Owner | Weiner David A | $251,200 | |
| Previous Owner | Results Realty Inc | $250,000 | |
| Previous Owner | Ingallinera Albert J | $79,200 | |
| Previous Owner | Davis Selma | $69,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/25/2020 08/25/20 | Sold | $499,900 | -1.8% | $208 / Sq Ft |
| 06/17/2020 06/17/20 | Price Changed | $509,000 | -7.3% | $212 / Sq Ft |
| 04/11/2020 04/11/20 | For Sale | $549,000 | -- | $229 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,456 | $541,105 | $108,242 | $432,863 |
| 2023 | $7,456 | $520,095 | $104,040 | $416,055 |
| 2022 | $7,589 | $509,898 | $102,000 | $407,898 |
| 2021 | $7,452 | $499,900 | $100,000 | $399,900 |
| 2020 | $3,917 | $234,307 | $94,192 | $140,115 |
| 2019 | $3,864 | $229,714 | $92,346 | $137,368 |
| 2018 | $3,808 | $225,211 | $90,536 | $134,675 |
| 2017 | $3,763 | $220,796 | $88,761 | $132,035 |
| 2016 | $3,663 | $216,468 | $87,021 | $129,447 |
| 2015 | $3,464 | $213,218 | $85,715 | $127,503 |
| 2014 | $3,347 | $209,043 | $84,037 | $125,006 |
Source: Public Records
Agents Affiliated with this Home
-
Carl Mitrak
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20072316
APN: 507-041-013
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