See Home Value
Palm Desert 92260
40955 Sterling Drive
$714,550*
House - Off Market

40955 Sterling Drive

Palm Desert, CA 92260
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2830 Sqft
$571,000 - $697,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Jun 15, 2021
$635,000
$507,920 by Primus Lending Corp
Mortgage Due Jul 01, 2051
Sold Feb 24, 2012
$285,000
$228,000 by Union Bank & Trust Co
Mortgage

About This Property

Just Reduced; Move Quickly!Located in the beautiful Chatham Court Gated Community of 28 Homes beautifully manicured in one of Palm Desert's best locations with low HOA.Now ready with complete brand new designer type renovations. Over 2800 square feet with 4 spacious bedrooms and 3 btahtsBrand new laminate wood floor enhances a great room. Kitchen makeover featuring brand new stainless dishwasher, brand new stove top and brand new pendant lights featuring fashionable white on white cabinets and island for your culinary or entertainment uses. Butler's Pantry for additional storage.Large Master Bedroom and large master bath suite with huge walk-in closet with double vanities and separate jacuzzi type tub and shower.Re-imagined front yard and atrium featuring rock designs and featuring back yard pomogranate tree and from the large patio area with special trestle overhang for gazing at the mountains to the West.Perfect Palm Desert location in private low cost HOA enclave with only 28 beautifully manicured homes. Very high ceilings, large living or great room -Close to highly rated schools including James Carter Elementary, Palm Desert Charter Middle School, Palm Desert High School, Xavier Prep, COD and CSU,  Just a few minutes from the multi-million dollar Palm Desert Aquatic Center and reident  discounted golf at the renowned Desert Willow Golf Resort  Close to El Paseo, great grocery stores and other services. Less than 10 minutes to Eisenhower Medical Center.

The manager has listed the unit size as 2830 square feet.
Unit Size
2,830Ft²
Days on Market
-
Land Size
-
Price per sqft
$224
Property Type
House
Property Taxes
-
HOA Dues
$160
Year Built
2001

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Jun 15, 2021 Sold to Eunjung Kim, Roy S Hong $635,000
Sold to Eunjung Kim, Roy S Hong
May 8, 2021 In contract -
In contract
May 1, 2021 Price Decreased $634,900
↓ $14K (2.2%)
Price Decreased
Mar 27, 2021 Listed $649,000
Listed
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 506
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 3,336
  • Gross Building Area: 3,336
  • Building Area: 2,830
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,830
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT 29067
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: .20 ACRES IN LOT 14 MB 289/067 TR 29067

Ownership

  • Current Owner : KIM EUNJUNG
  • Current Owner 2: HONG ROY S
  • Previous Owner : SUMMERTIME PROPERTIES LLC
  • Owner Before Previous Owner: THE BANK OF NEW YORK MELLON
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Desert Sands Unified School District
  • Census Tract: 044930

Zoning

  • Zoning: PR4

Geography

  • Subdivision Tract Number: 29067
  • Parcel: 624-282-018
  • Lot: 14
  • Municipality: PALM DESERT
  • Latitude: 33.7513
  • Longitude: -116.373

    Address

  • Full Address: 40955 Sterling Dr
  • Address - House Number: 40955
  • Address - Street Name: Sterling
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Palm Desert
  • Carrier Code: C032
  • 4-Digit Zip Code: 1662
  • Zip Code: 92260

Valuation

    Tax

  • Total Area: 2,830
  • Tax Year: 2023
  • Tax Amount: $8,746
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 018-032

    Appraisal Valuation

  • Standard Deviation: 0.1717
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 754,244
  • High Value: 883,768
  • Low Value: 624,720

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $507,920
  • First Open Lien Mortgage Lender: PRIMUS LENDING CORP
  • First Open Lien Mortgage Recording Date: Jun 15, 2021
  • First Open Lien Mortgage Loan Amount: $507,920
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $565,920

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $660,549
  • Assessed Land Value: $46,818
  • Assessed Improvements Value: $613,731

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: Jun 15, 2021
  • Current Sale Transaction ID: 11840410543
  • Current Sale Price: $635,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0362422
  • Previous Sale Recording Date: Feb 24, 2012
  • Previous Sale Contract Date: Feb 08, 2012
  • Previous Sale Amount: $285,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIMUS LENDING CORP
  • First Mortgage Transaction Date: Jun 15, 2021
  • First Mortgage Loan Amount: $507,920
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: UNION BANK & TRUST CO
  • Previous Mortgage Transaction Date: Feb 24, 2012
  • Previous Mortgage Loan Amount: $228,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Palm Desert


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Nearby Rentals

Unit for rent at

$6,000 /mo

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  • 2 Baths
  • 1,476 ft²
Listing by Tom Angone
Unit for rent at

$5,500 /mo

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Listing by Michelle Gareis
Unit for rent at

$5,200 /mo

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  • 2,274 ft²
Listing by Michelle Gareis


Frequently Asked Questions

When was property at 40955 Sterling Drive built and last sold?
The property at 40955 Sterling Drive was built in 2001 and last sold on May 14, 2021 for $635,000.
How much is this home worth?
The estimated value of the home located at 40955 Sterling Drive is $666,938.
What are some comparable homes to 40955 Sterling Drive?
There are currently no comparable homes to 40955 Sterling Drive.

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