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13040 Palm Drive

13040 Palm Drive, Desert Hot Springs, CA 92240
Property in Riverside
13040 Palm Drive in Desert Hot Springs, CA was first built in 1991 and is 33 years old. This has been categorized as a commercial property type. It is a single story home. In total, the area measurement of the land is 23,958 square feet.

Learn more about the property and building on this page. The building type has been coded as 3. The code stands for buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame. 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 masonry control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 13040 Palm Drive sold most recently in Oct 2, 2014 for a total of $3,350,000. If you work out the math, that's approximately a cost of $6,646.83 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $13,400 in taxes each year. 13040 Palm Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $858,292. If we break it down further, the land itself was valued at $221,790. Improvements to the property, however, were assessed at a total of $636,502. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Masonry
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 23,958
  • Total Building Area: 504
  • Gross Building Area: 504
  • Building Area: 504
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Land Acres: 0.55
  • Standard Land Use Code: Retail stores (personal services, photography, travel)
  • Legal Description 1: .55 ACRES NET IN PAR 4 PM 088/012 PM 16668

Ownership

  • Current Owner : DESERT HOT SPRINGS PLAZA LLC
  • Previous Owner : TERAN FRANK P
  • Previous Owner 2: TERAN REBECCA Y
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Feb 08, 2024

Neighborhood

  • School District Name: Palm Springs Unified School District
  • Census Tract: 044510

Zoning

  • Zoning: C

Geography

  • Assessors Map Reference: 16668
  • Subdivision Tract Number: 2
  • Parcel: 641-261-019
  • Lot: 4
  • Municipality: DESERT HOT SPRINGS
  • Latitude: 33.9539
  • Longitude: -116.499

    Address

  • Full Address: 13040 Palm Dr
  • Address - House Number: 13040
  • Address - Street Name: Palm
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Desert Hot Springs
  • Carrier Code: C001
  • 4-Digit Zip Code: 5947
  • Zip Code: 92240

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,400
  • Tax Rate Code Area: 014-028

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: EAST WEST BANK
  • First Open Lien Mortgage Recording Date: Feb 26, 2015
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $858,292
  • Assessed Land Value: $221,790
  • Assessed Improvements Value: $636,502

    Sales

  • Current Sale Contract Date: Oct 02, 2014
  • Current Sale Recording Date: Feb 26, 2015
  • Current Sale Transaction ID: 1039845825
  • Current Sale Price: $3,350,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2015-0076829

    Last Sale Mortgage

  • First Mortgage Lender: EAST WEST BANK
  • First Mortgage Transaction Date: Feb 26, 2015
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

About Desert Hot Springs



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Frequently Asked Questions

What neighborhood is 13040 Palm Drive located in?
The 13040 Palm Drive is a located in the neighborhood of Riverside in Desert Hot Springs, Desert Hot Springs.
What is the average sales price for listings in 13040 Palm Drive?
The average sales price for units in 13040 Palm Drive is $0 currently.

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