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505 Desert Lakes Circle

505 Desert Lakes Circle, Palm Springs, CA 92264
Property in Riverside
Sold Mar 25, 2013
$229,000
$171,750 by Franklin Loan Center
Mortgage Due Apr 01, 2043
Sold Oct 06, 2009
$62,000
505 Desert Lakes Circle 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 1972 and is 52 years old. The home comes with a single bedroom. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 505 Desert Lakes Circle has 1,596 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. 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 B 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. 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, 505 Desert Lakes Circle was last sold in Feb 14, 2013 for $229,000. According to our calculations, that's $116.01 per sqft. Prior to that sales transaction, the property was sold for $62,000 in Aug 18, 2009. Current property owners are expected to pay $3,677 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 505 Desert Lakes Circle was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $271,032. To break that down further, the land itself was valued at $94,858. While improvements to the property were assessed at a total of $176,174. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Condo
  • Roof Cover Type: Gravel/rock
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,178
  • Total Building Area: 1,974
  • Gross Building Area: 1,974
  • Building Area: 1,596
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,596
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.5
  • Standard Land Use Code: Condominium unit (residential)
  • County Land Use Code: Right-of-way (not rail, road, or utility)
  • Legal Description 1: UNIT 51 CM 002/049 INT IN COMMON TR 3927 MB 006/050

Ownership

  • Current Owner : GOLDSTEIN GARY
  • Previous Owner : KENDALL ROBERT A
  • Previous Owner 2: KENDALL NELDA K
  • Owner Before Previous Owner: SEVEN LAKES HOMEOWNERS ASSOCIATION INC

Neighborhood

  • School District Name: Palm Springs Unified School District
  • Census Tract: 941002

Geography

  • Subdivision Tract Number: 3927
  • Parcel: 681-330-026
  • Lot: 51
  • Municipality: PALM SPRINGS
  • Latitude: 33.7984
  • Longitude: -116.508

    Address

  • Full Address: 505 Desert Lakes Cir
  • Address - House Number: 505
  • Address - Street Name: Desert Lakes
  • Address - Suffix Type: Cir
  • State: CA
  • City Name: Palm Springs
  • Carrier Code: C026
  • 4-Digit Zip Code: 5524
  • Zip Code: 92264

Valuation

    Tax

  • Total Area: 1,596
  • Tax Year: 2023
  • Tax Amount: $3,677
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 011-003

    Appraisal Valuation

  • Standard Deviation: 0.1905
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 74
  • Final Value: 617,507
  • High Value: 735,168
  • Low Value: 499,845

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $171,750
  • First Open Lien Mortgage Lender: FRANKLIN LOAN CENTER
  • First Open Lien Mortgage Recording Date: Mar 25, 2013
  • First Open Lien Mortgage Loan Amount: $171,750
  • 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: Apr 01, 2043

    Market Valuation

  • Market Total Value: $512,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $271,032
  • Assessed Land Value: $94,858
  • Assessed Improvements Value: $176,174

    Sales

  • Current Sale Contract Date: Feb 14, 2013
  • Current Sale Recording Date: Mar 25, 2013
  • Current Sale Transaction ID: 1040297350
  • Current Sale Price: $229,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2013-0142614
  • Previous Sale Recording Date: Oct 06, 2009
  • Previous Sale Contract Date: Aug 18, 2009
  • Previous Sale Amount: $62,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FRANKLIN LOAN CENTER
  • First Mortgage Transaction Date: Mar 25, 2013
  • First Mortgage Loan Amount: $171,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2043

About Palm Springs



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Frequently Asked Questions

What neighborhood is 505 Desert Lakes Circle located in?
The 505 Desert Lakes Circle is a located in the neighborhood of Riverside in Palm Springs, Palm Springs.
What is the average sales price for listings in 505 Desert Lakes Circle?
The average sales price for units in 505 Desert Lakes Circle is $0 currently.

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