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2303 North Milo Drive

2303 North Milo Drive, Palm Springs, CA 92262
Property in Chino Canyon
Sold Dec 30, 2021
$2,500,000
$2,000,000 by Crosscountry Mortgage Llc
Mortgage Due Jan 01, 2052
Sold Apr 20, 2006
$785,000
$628,000 by Bank Of America Na
Mortgage Due May 01, 2036
Local assessors in Palm Springs, CA have categorized 2303 North Milo Drive as a residential type of property. The home was built in 1962 and is 62 years old. It was most recently renovated and altered in 1985. The property's lot size has been calculated to be 12,632 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 are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2303 North Milo Drive has a total of 2,271 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 550 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a roof that is made of gravel/rock. 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. 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, 2303 North Milo Drive was last sold in Dec 13, 2021 for $2,500,000. According to our calculations, that's $453.39 per sqft. Prior to that sales transaction, the property was sold for $785,000 in Apr 11, 2006. Current property owners are expected to pay $32,270 in taxes per year. The property on 2303 North Milo Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,550,000. To break that down further, the land itself was valued at $637,500. While improvements to the property were assessed at a total of $1,912,500. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1962
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Roof Cover Type: Gravel/rock
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 550
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 5,514
  • Gross Building Area: 5,514
  • Building Area: 2,271
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,271
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: None
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT 2303
  • Land Acres: 0.29
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: LOT 15 MB 043/083 TR 2303

Ownership

  • Current Owner : BOCTOR VICTOR WILLIAM HABIB
  • Current Owner 2: BOCTOR MAUREEN
  • Previous Owner : PHILLIPS DENNIS C
  • Previous Owner 2: PHILLIPS NANCY B
  • Owner Before Previous Owner: ALVAREZ EDWARD
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Palm Springs Unified School District
  • Census Tract: 044606

Zoning

  • Zoning: R1B

Geography

  • Subdivision Tract Number: 2303
  • Parcel: 504-161-007
  • Lot: 15
  • Municipality: PALM SPRINGS
  • Latitude: 33.8506
  • Longitude: -116.562

    Address

  • Full Address: 2303 N Milo Dr
  • Address - House Number: 2303
  • Street Direction: N
  • Address - Street Name: Milo
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Palm Springs
  • Carrier Code: C028
  • 4-Digit Zip Code: 2729
  • Zip Code: 92262

Valuation

    Tax

  • Total Area: 3,546
  • Tax Year: 2023
  • Tax Amount: $32,270
  • Tax Rate Code Area: 011-003

    Appraisal Valuation

  • Standard Deviation: 0.2126
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 71
  • Final Value: 2,024,016
  • High Value: 2,454,344
  • Low Value: 1,593,688

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Dec 30, 2021
  • 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: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $2,197,710

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,550,000
  • Assessed Land Value: $637,500
  • Assessed Improvements Value: $1,912,500

    Sales

  • Current Sale Contract Date: Dec 13, 2021
  • Current Sale Recording Date: Dec 30, 2021
  • Current Sale Transaction ID: 11876438697
  • Current Sale Price: $2,500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0765164
  • Previous Sale Recording Date: Apr 20, 2006
  • Previous Sale Contract Date: Apr 11, 2006
  • Previous Sale Amount: $785,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Mortgage Transaction Date: Dec 30, 2021
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Apr 20, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $628,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: May 01, 2036

About Chino Canyon



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Frequently Asked Questions

What neighborhood is 2303 North Milo Drive located in?
The 2303 North Milo Drive is a located in the neighborhood of Chino Canyon in Chino Canyon, Palm Springs.
What is the average sales price for listings in 2303 North Milo Drive?
The average sales price for units in 2303 North Milo Drive is $0 currently.

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