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480 North Monterey Road

480 North Monterey Road, Palm Springs, CA 92262
House in Riverside
Sold Aug 14, 2019
$665,000
$647,200 by Rocket Mortgage Llc
Mortgage Due Jun 01, 2052
Sold May 22, 2008
$585,000
480 North Monterey Road has been categorized by the local assessors in Palm Springs, CA as a residential type of property. The building on the property was first built in 1957 and is 67 years old. However, we must point out that the home was most recently renovated and altered in 1988. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 480 North Monterey Road has 1,579 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 910 ft and across the front of the lot is 1,100 ft. The area measurement of the land has been determined as 10,454 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 420 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. The roof of the building is made of gravel/rock. The exterior walls of the building are made of stucco. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 480 North Monterey Road sold most recently in Jul 25, 2019 for a total of $665,000. If you work out the math, that's approximately a cost of $367.81 per sqft. Before that, the property was also sold for $585,000 in May 16, 2008. 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 $9,017 in taxes each year. 480 North Monterey Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $699,032. If we break it down further, the land itself was valued at $94,605. Improvements to the property, however, were assessed at a total of $604,427. 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. 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.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Gravel/rock
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 10,454
  • Lot Size Depth Feet: 910
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,808
  • Gross Building Area: 1,808
  • Building Area: 1,579
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,579
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: DESERT ESTADOS NO 2
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: LOT 21 MB 032/049 DESERT ESTADOS NO 2

Ownership

  • Current Owner : BOVEY JASON S
  • Previous Owner : BENEDICT JEFFREY L
  • Previous Owner 2: KREBS WILLIAM A
  • Owner Before Previous Owner: SANTOSHA PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Palm Springs Unified School District
  • Census Tract: 044701

Zoning

  • Zoning: R1C

Geography

  • Parcel: 502-112-021
  • Lot: 21
  • Municipality: PALM SPRINGS
  • Latitude: 33.8298
  • Longitude: -116.519

    Address

  • Full Address: 480 N Monterey Rd
  • Address - House Number: 480
  • Street Direction: N
  • Address - Street Name: Monterey
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Palm Springs
  • Carrier Code: C078
  • 4-Digit Zip Code: 6567
  • Zip Code: 92262

Valuation

    Tax

  • Total Area: 1,579
  • Tax Year: 2023
  • Tax Amount: $9,017
  • Tax Rate Code Area: 011-003

    Appraisal Valuation

  • Standard Deviation: 0.1825
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 76
  • Final Value: 981,036
  • High Value: 1,160,080
  • Low Value: 801,992

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $647,200
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jun 01, 2022
  • First Open Lien Mortgage Loan Amount: $647,200
  • 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: Jun 01, 2052

    Market Valuation

  • Market Total Value: $754,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $699,032
  • Assessed Land Value: $94,605
  • Assessed Improvements Value: $604,427

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 25, 2019
  • Current Sale Recording Date: Aug 14, 2019
  • Current Sale Transaction ID: 11635563586
  • Current Sale Price: $665,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2019-0309431
  • Previous Sale Recording Date: May 22, 2008
  • Previous Sale Contract Date: May 16, 2008
  • Previous Sale Amount: $585,000
  • Previous Sale Document Type: Grant Deed

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Frequently Asked Questions

What neighborhood is 480 North Monterey Road located in?
The 480 North Monterey Road is a house located in the neighborhood of Riverside in Palm Springs, Palm Springs.
What is the average sales price for listings in 480 North Monterey Road?
The average sales price for units in 480 North Monterey Road is $0 currently.

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