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1245 Colony Way

1245 Colony Way, Palm Springs, CA 92262
Sold Aug 28, 2014
$850,000
$416,000 by Mufg Union Bank Na
Mortgage Due Sep 01, 2044
Sold Dec 28, 2007
$1,200,000
1245 Colony Way in Palm Springs, CA was first built in 2000 and is 24 years old. Although, the building on the property was most recently renovated and altered in 2001. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1245 Colony Way has 3,173 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 14,810 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The roof of the home is made of tile. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a attached garage. The garage is 729 sqft. There are a total of 3 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1245 Colony Way was last sold in Jul 22, 2014 for $850,000. According to our calculations, that's $182.25 per sqft. Prior to that sales transaction, the property was sold for $1,200,000 in Dec 7, 2007. Current property owners are expected to pay $12,594 in taxes per year. The property on 1245 Colony Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $981,895. To break that down further, the land itself was valued at $294,565. While improvements to the property were assessed at a total of $687,330. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 729
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 4,664
  • Gross Building Area: 4,664
  • Building Area: 3,173
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,173
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.34
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: .34 ACRES IN LOT 1 MB 284/012 TR 29075

Ownership

  • Current Owner : ISAACS MICHAEL W
  • Current Owner 2: MELENDEZ EDWIN
  • Previous Owner : CONNELL BRUCE F
  • Owner Before Previous Owner: COMBS RICHARD E
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Palm Springs Unified School District
  • Census Tract: 044602

Geography

  • Subdivision Tract Number: 29075
  • Parcel: 507-520-002
  • Lot: 1
  • Municipality: PALM SPRINGS
  • Latitude: 33.8406
  • Longitude: -116.532

    Address

  • Full Address: 1245 Colony Way
  • Address - House Number: 1245
  • Address - Street Name: Colony
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Palm Springs
  • Carrier Code: C005
  • 4-Digit Zip Code: 4944
  • Zip Code: 92262

Valuation

    Tax

  • Total Area: 3,173
  • Tax Year: 2023
  • Tax Amount: $12,594
  • Tax Rate Code Area: 011-003

    Appraisal Valuation

  • Standard Deviation: 0.2123
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 71
  • Final Value: 1,625,344
  • High Value: 1,970,494
  • Low Value: 1,280,194

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $516,000
  • First Open Lien Mortgage Lender: MUFG UNION BANK NA
  • First Open Lien Mortgage Recording Date: Aug 28, 2014
  • First Open Lien Mortgage Loan Amount: $416,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2044
  • Second Open Lien Mortgage Lender: MUFG UNION BANK NA
  • Second Open Lien Mortgage Recording Date: Mar 04, 2015
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $1,193,670

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $981,895
  • Assessed Land Value: $294,565
  • Assessed Improvements Value: $687,330

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 22, 2014
  • Current Sale Recording Date: Aug 28, 2014
  • Current Sale Transaction ID: 1041650175
  • Current Sale Price: $850,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2014-0328346
  • Previous Sale Recording Date: Dec 28, 2007
  • Previous Sale Contract Date: Dec 07, 2007
  • Previous Sale Amount: $1,200,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MUFG UNION BANK NA
  • First Mortgage Transaction Date: Aug 28, 2014
  • First Mortgage Loan Amount: $416,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2044

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Frequently Asked Questions

What neighborhood is 1245 Colony Way located in?
The 1245 Colony Way is a located in the neighborhood of Sunrise Vista Chino in Sunrise Vista Chino, Palm Springs.
What is the average sales price for listings in 1245 Colony Way?
The average sales price for units in 1245 Colony Way is $0 currently.

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