355 Velite Drive

Local assessors in Borrego Springs, CA have categorized 355 Velite Drive as a residential type of property. The home was built in 1987 and is 37 years old. The property's lot size has been calculated to be 15,834 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, 3 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 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 355 Velite Drive has a total of 1,944 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. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. 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, 355 Velite Drive sold most recently in Aug 24, 2010 for a total of $110,000. If you work out the math, that's approximately a cost of $56.58 per sqft. Before that, the property was also sold for $106,075 in May 18, 2010. 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 $1,480 in taxes each year. 355 Velite Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $135,445. If we break it down further, the land itself was valued at $49,251. Improvements to the property, however, were assessed at a total of $86,194. The property's total assessed value has been marked as more than the total market value 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!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.