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2525 East Verona Road

2525 East Verona Road, Palm Springs, CA 92262
Property in Riverside
Sold Feb 20, 2024
$1,170,000
$780,000 by Kinecta Federal Credit Union
Mortgage Due Mar 01, 2054
Sold Oct 20, 2022
$740,000
$770,000 by Investors First Choice
Mortgage
2525 East Verona Road in Palm Springs, CA was first built in 1974 and is 50 years old. Although, the building on the property was most recently renovated and altered in 1975. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2525 East Verona Road has 1,438 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 10,890 square feet.

Learn more about the property and building on this page. There is a unknown. 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 gravel/rock. Water for the property is sourced from a water system. For those who need parking, there is a attached garage. The garage is 480 sqft. There are a total of 2 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 C. The condition of the building has been evaluated as good. The exterior walls of the home are made of stucco. 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. The property was last sold in Feb 2, 2024 for $1,170,000. That's $516.33 per sqft. Prior to that sales transaction, the property was also sold in Sep 2, 2022 for $740,000. 2525 East Verona Road was last assessed in 2023. The total value of the property was assessed at $740,000. Specifically, the land the property is located on was valued at $50,000. While improvements on the property were assessed at a total of $690,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $9,624. The initial tax year of delinquency was in 2022. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Traditional
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Gravel/rock
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 2,266
  • Gross Building Area: 2,266
  • Building Area: 1,438
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,438
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: None
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: DESERT PARK ESTATES 6
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: LOT 11 MB 030/097 DESERT PARK ESTATES 6

Ownership

  • Current Owner : RIBISI JOHN
  • Previous Owner : FIRST ELITE PROPERTIES INC
  • Owner Before Previous Owner: DEANGELIS TOMMASO PETER
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Palm Springs Unified School District
  • Census Tract: 044604

Zoning

  • Zoning: R1C

Geography

  • Parcel: 501-362-004
  • Lot: 11
  • Municipality: PALM SPRINGS
  • Latitude: 33.8519
  • Longitude: -116.519

    Address

  • Full Address: 2525 E Verona Rd
  • Address - House Number: 2525
  • Street Direction: E
  • Address - Street Name: Verona
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Palm Springs
  • Carrier Code: C071
  • 4-Digit Zip Code: 2630
  • Zip Code: 92262

Valuation

    Tax

  • Total Area: 1,438
  • Tax Year: 2023
  • Tax Amount: $9,624
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 011-030

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 791,071
  • High Value: 932,252
  • Low Value: 649,891

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $780,000
  • First Open Lien Mortgage Lender: KINECTA FEDERAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Feb 20, 2024
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $780,000
  • 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: Mar 01, 2054

    Market Valuation

  • Market Total Value: $575,370

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $740,000
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $690,000

    Sales

  • Current Sale Contract Date: Feb 02, 2024
  • Current Sale Recording Date: Feb 20, 2024
  • Current Sale Transaction ID: 11921312361
  • Current Sale Price: $1,170,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 45876
  • Previous Sale Recording Date: Oct 20, 2022
  • Previous Sale Contract Date: Sep 02, 2022
  • Previous Sale Amount: $740,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: KINECTA FEDERAL CREDIT UNION
  • First Mortgage Transaction Date: Feb 20, 2024
  • First Mortgage Loan Amount: $780,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2054

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: INVESTORS FIRST CHOICE
  • Previous Mortgage Transaction Date: Oct 20, 2022
  • Previous Mortgage Loan Amount: $770,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

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Frequently Asked Questions

What neighborhood is 2525 East Verona Road located in?
The 2525 East Verona Road is a located in the neighborhood of Riverside in Palm Springs, Palm Springs.
What is the average sales price for listings in 2525 East Verona Road?
The average sales price for units in 2525 East Verona Road is $0 currently.

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