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48050 Racquet Lane

48050 Racquet Lane, Palm Desert, CA 92260
Property in Riverside
Sold Apr 30, 2021
$440,000
$352,000 by Axia Financial Llc
Mortgage Due May 01, 2051
Sold Nov 08, 2012
$225,000
$168,750 by Franklin Loan Center
Mortgage Due Dec 01, 2042
48050 Racquet Lane has been categorized by the local assessors in Palm Desert, CA as a residential type of property. The building on the property was first built in 1973 and is 51 years old. However, we must point out that the home was most recently renovated and altered in 1974. The home has a total of 3 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, 48050 Racquet Lane has 1,637 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 2,178 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

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 carport for those who require parking. 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of gravel/rock. 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. 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, 48050 Racquet Lane was last sold in Mar 29, 2021 for $440,000. According to our calculations, that's $201.28 per sqft. Prior to that sales transaction, the property was sold for $225,000 in Oct 17, 2012. Current property owners are expected to pay $6,029 in taxes per year. The property on 48050 Racquet Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $457,776. To break that down further, the land itself was valued at $114,444. While improvements to the property were assessed at a total of $343,332. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Exterior

Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Condo
  • Roof Cover Type: Gravel/rock
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,178
  • Total Building Area: 2,186
  • Gross Building Area: 2,186
  • Building Area: 1,637
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,637
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT 4487
  • Land Acres: 0.05
  • Standard Land Use Code: Condominium unit (residential)
  • County Land Use Code: Right-of-way (not rail, road, or utility)
  • Legal Description 1: LOT 15 MB 073/051 TR 4487 & INT IN COMMON AREAS

Ownership

  • Current Owner : LUND ADAM CHRISTOPHER
  • Current Owner 2: LUND LAURA ANN
  • Previous Owner : MCDOUGAL JOHN K
  • Previous Owner 2: MCDOUGAL LYNETTE A
  • Owner Before Previous Owner: CLEGG GAYLE M
  • Owner Before Previous Owner 2: CLEGG CALVIN C
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Desert Sands Unified School District
  • Census Tract: 045115

Zoning

  • Zoning: PR050

Geography

  • Subdivision Tract Number: 4487
  • Parcel: 652-061-015
  • Lot: 15
  • Municipality: PALM DESERT
  • Latitude: 33.6988
  • Longitude: -116.392

    Address

  • Full Address: 48050 Racquet Ln
  • Address - House Number: 48050
  • Address - Street Name: Racquet
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Palm Desert
  • Carrier Code: C061
  • 4-Digit Zip Code: 6550
  • Zip Code: 92260

Valuation

    Tax

  • Total Area: 1,637
  • Tax Year: 2023
  • Tax Amount: $6,029
  • Tax Rate Code Area: 018-005

    Appraisal Valuation

  • Standard Deviation: 0.2179
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 70
  • Final Value: 581,934
  • High Value: 708,755
  • Low Value: 455,113

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $352,000
  • First Open Lien Mortgage Lender: AXIA FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Apr 30, 2021
  • First Open Lien Mortgage Loan Amount: $352,000
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $387,990

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $457,776
  • Assessed Land Value: $114,444
  • Assessed Improvements Value: $343,332

    Sales

  • Current Sale Contract Date: Mar 29, 2021
  • Current Sale Recording Date: Apr 30, 2021
  • Current Sale Transaction ID: 11833663067
  • Current Sale Price: $440,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0270811
  • Previous Sale Recording Date: Nov 08, 2012
  • Previous Sale Contract Date: Oct 17, 2012
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: AXIA FINANCIAL LLC
  • First Mortgage Transaction Date: Apr 30, 2021
  • First Mortgage Loan Amount: $352,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FRANKLIN LOAN CENTER
  • Previous Mortgage Transaction Date: Nov 08, 2012
  • Previous Mortgage Loan Amount: $168,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2042

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Frequently Asked Questions

What neighborhood is 48050 Racquet Lane located in?
The 48050 Racquet Lane is a located in the neighborhood of Riverside in Palm Desert, Palm Desert.
What is the average sales price for listings in 48050 Racquet Lane?
The average sales price for units in 48050 Racquet Lane is $0 currently.

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