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506 Altair Court

506 Altair Court, Palm Springs, CA 92264
Sold Jun 01, 2020
$2,125,000
$767,425 by Stephen Allan Riggs And Gary P
Mortgage
Sold Mar 30, 2017
$1,504,500
Local assessors in Palm Springs, CA have categorized 506 Altair Court as a residential type of property. The home was built in 2017 and is 7 years old. It was most recently renovated and altered in 2018. The property's lot size has been calculated to be 14,810 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 is one full bathroom. There are also 4 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 506 Altair Court has a total of 3,349 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. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 781 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a roof that is made of gravel/rock. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 506 Altair Court sold most recently in May 18, 2020 for a total of $2,125,000. If you work out the math, that's approximately a cost of $500.59 per sqft. Before that, the property was also sold for $1,504,500 in Mar 27, 2017. 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 $29,012 in taxes each year. The initial year of tax delinquency occurred in 2021. 506 Altair Court was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,233,751. If we break it down further, the land itself was valued at $672,753. Improvements to the property, however, were assessed at a total of $1,560,998. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 1
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Roof Cover Type: Gravel/rock
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 781
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 4,245
  • Gross Building Area: 4,245
  • Building Area: 3,349
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,349
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT 36738
  • Land Acres: 0.34
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: .34 ACRES M/L IN LOT 11 MB 447/029 TR 36738

Ownership

  • Current Owner : GRIFFIS GREGORY E
  • Previous Owner : RIGGS STEPHEN ALLAN
  • Previous Owner 2: THURMAN GARY PAUL
  • Owner Before Previous Owner: PALM RIDGE HOUSING LLC
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Palm Springs Unified School District
  • Census Tract: 940500

Geography

  • Subdivision Tract Number: 36738
  • Parcel: 513-270-018
  • Lot: 11
  • Municipality: PALM SPRINGS
  • Latitude: 33.8155
  • Longitude: -116.55

    Address

  • Full Address: 506 Altair Ct
  • Address - House Number: 506
  • Address - Street Name: Altair
  • Address - Suffix Type: Ct
  • State: CA
  • City Name: Palm Springs
  • Carrier Code: C032
  • 4-Digit Zip Code: 7323
  • Zip Code: 92264

Valuation

    Tax

  • Total Area: 3,349
  • Tax Year: 2023
  • Tax Amount: $29,012
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 011-003

    Appraisal Valuation

  • Standard Deviation: 0.2119
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 71
  • Final Value: 3,049,385
  • High Value: 3,695,732
  • Low Value: 2,403,037

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $767,425
  • First Open Lien Mortgage Lender: STEPHEN ALLAN RIGGS AND GARY P
  • First Open Lien Mortgage Recording Date: Aug 09, 2022
  • First Open Lien Mortgage Loan Amount: $767,425
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $2,110,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,233,751
  • Assessed Land Value: $672,753
  • Assessed Improvements Value: $1,560,998

    Sales

  • Current Sale Contract Date: May 18, 2020
  • Current Sale Recording Date: Jun 01, 2020
  • Current Sale Transaction ID: 11763351231
  • Current Sale Price: $2,125,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020-0231720
  • Previous Sale Recording Date: Mar 30, 2017
  • Previous Sale Contract Date: Mar 27, 2017
  • Previous Sale Amount: $1,504,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: STEPHEN ALLAN RIGGS
  • First Mortgage Transaction Date: Jun 01, 2020
  • First Mortgage Loan Amount: $1,125,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Seller take-back

About Historic Tennis Club



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Frequently Asked Questions

What neighborhood is 506 Altair Court located in?
The 506 Altair Court is a located in the neighborhood of Historic Tennis Club in Historic Tennis Club, Palm Springs.
What is the average sales price for listings in 506 Altair Court?
The average sales price for units in 506 Altair Court is $0 currently.

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