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21525 Penny Lane

21525 Penny Lane, Desert Hot Springs, CA 92241
House in Riverside
Sold Sep 10, 2020
$629,000
$513,500 by Amwest Funding Corp
Mortgage Due Aug 01, 2052
Sold Aug 21, 2003
$30,000
Local assessors in Desert Hot Springs, CA have categorized 21525 Penny Lane as a residential type of property. The home was built in 2006 and is 18 years old. It was most recently renovated and altered in 2007. The property's lot size has been calculated to be 217,800 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 4 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 21525 Penny Lane has a total of 3,310 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 3,240 sqft. There are 11 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. The building has a roof that is made of tile. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 21525 Penny Lane sold most recently in Jul 14, 2020 for a total of $629,000. If you work out the math, that's approximately a cost of $90.24 per sqft. Before that, the property was also sold for $30,000 in Jul 28, 2003. 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 $8,551 in taxes each year. The initial year of tax delinquency occurred in 2020. 21525 Penny Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $654,411. If we break it down further, the land itself was valued at $160,221. Improvements to the property, however, were assessed at a total of $494,190. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 1
  • Partial Bathrooms: 4
  • Construction Type: Wood
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 3,240
  • Parking Space Count: 11

    Dimensions

  • Lot Size Square Feet: 217,800
  • Total Building Area: 6,970
  • Gross Building Area: 6,970
  • Building Area: 3,310
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,310
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: None
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 5
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: 5.00 ACRES IN POR SW 1/4 OF SEC 22 T3S R6E FOR TOTAL DESCRIPTION SEE ASSESSORS MAPS

Ownership

  • Current Owner : GEVORGYAN GEGHETSIK
  • Previous Owner : KINSWATER DOUGLAS F
  • Previous Owner 2: KINSWATER NADINE M
  • Owner Before Previous Owner: VANRY WILLIAM B
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Palm Springs Unified School District
  • Census Tract: 047202

Zoning

  • Zoning: RA114

Geography

  • Parcel: 647-160-017
  • Meridian: SEC 22 TWN 03S RNG 06E
  • Municipality: PALM SPRINGS
  • Latitude: 33.8927
  • Longitude: -116.346

    Address

  • Full Address: 21525 Penny Ln
  • Address - House Number: 21525
  • Address - Street Name: Penny
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Desert Hot Springs
  • Carrier Code: C003
  • 4-Digit Zip Code: 1587
  • Zip Code: 92241

Valuation

    Tax

  • Total Area: 3,310
  • Tax Year: 2023
  • Tax Amount: $8,551
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 061-032

    Appraisal Valuation

  • Standard Deviation: 0.1649
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 79
  • Final Value: 811,844
  • High Value: 945,779
  • Low Value: 677,909

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $703,500
  • First Open Lien Mortgage Lender: AMWEST FUNDING CORP
  • First Open Lien Mortgage Recording Date: Jul 25, 2022
  • First Open Lien Mortgage Loan Amount: $513,500
  • 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: Aug 01, 2052
  • Second Open Lien Mortgage Lender: PNC BANK, NATIONAL ASSOCIATION
  • Second Open Lien Mortgage Recording Date: Jun 07, 2023
  • Second Open Lien Mortgage Loan Amount: $190,000
  • Second Open Lien Mortgage Term: 478
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: May 26, 2063

    Market Valuation

  • Market Total Value: $661,770

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $654,411
  • Assessed Land Value: $160,221
  • Assessed Improvements Value: $494,190

    Sales

  • Current Sale Contract Date: Jul 14, 2020
  • Current Sale Recording Date: Sep 10, 2020
  • Current Sale Transaction ID: 11787503159
  • Current Sale Price: $629,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020-0427350
  • Previous Sale Recording Date: Aug 21, 2003
  • Previous Sale Contract Date: Jul 28, 2003
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BECKAM FUNDING CORP
  • First Mortgage Transaction Date: Sep 10, 2020
  • First Mortgage Loan Amount: $503,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

About Sky Valley



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Nearby Rentals

Unit for rent at 75551 Skyline Drive, Desert Hot Springs, CA, 92241

$1,650 /mo

  • 2 Beds
  • 1 Bath
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75551 Skyline Drive, Desert Hot Springs, CA, 92241 Listing by Hayder Alzuabidi

Frequently Asked Questions

What neighborhood is 21525 Penny Lane located in?
The 21525 Penny Lane is a house located in the neighborhood of Riverside in Sky Valley, Desert Hot Springs.
What is the average sales price for listings in 21525 Penny Lane?
The average sales price for units in 21525 Penny Lane is $0 currently.

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