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5305 East Lakeside Drive

5305 East Lakeside Drive, Palm Springs, CA 92264
Property in Riverside
Sold Jan 11, 2022
$1,550,000
$1,240,000 by Sprout Mortgage Llc
Mortgage Due Feb 01, 2052
Sold Jan 11, 2022
$1,550,000
$1,240,000 by Sprout Mortgage Llc
Mortgage Due Feb 01, 2052
Local assessors in Palm Springs, CA have categorized 5305 East Lakeside Drive as a residential type of property. The home was built in 1966 and is 58 years old. It was most recently renovated and altered in 2000. The property's lot size has been calculated to be 10,454 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, 4 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 3 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 5305 East Lakeside Drive has a total of 2,546 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 580 sqft. There are 2 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. The property was last sold in Dec 20, 2021 for $1,550,000. That's $449.02 per sqft. Prior to that sales transaction, the property was also sold in Dec 20, 2021 for $1,550,000. 5305 East Lakeside Drive was last assessed in 2023. The total value of the property was assessed at $1,581,000. Specifically, the land the property is located on was valued at $474,300. While improvements on the property were assessed at a total of $1,106,700. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $20,258. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Roof Cover Type: Gravel/rock
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 580
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 3,452
  • Gross Building Area: 3,452
  • Building Area: 2,546
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,546
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT 2808
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: LOT 6 MB 052/042 TR 2808

Ownership

  • Current Owner : STRONG TERENCE JAMES
  • Previous Owner : HYACINTH HOMES LLC
  • Owner Before Previous Owner: HYACINTH HOMES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

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

Zoning

  • Zoning: R1C

Geography

  • Subdivision Tract Number: 2808
  • Parcel: 681-241-016
  • Lot: 6
  • Municipality: PALM SPRINGS
  • Latitude: 33.7947
  • Longitude: -116.488

    Address

  • Full Address: 5305 E Lakeside Dr
  • Address - House Number: 5305
  • Street Direction: E
  • Address - Street Name: Lakeside
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Palm Springs
  • Carrier Code: C026
  • 4-Digit Zip Code: 5912
  • Zip Code: 92264

Valuation

    Tax

  • Total Area: 2,546
  • Tax Year: 2023
  • Tax Amount: $20,258
  • Tax Rate Code Area: 011-005

    Appraisal Valuation

  • Standard Deviation: 0.1834
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 76
  • Final Value: 1,417,044
  • High Value: 1,676,983
  • Low Value: 1,157,105

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,240,000
  • First Open Lien Mortgage Lender: SPROUT MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jan 11, 2022
  • First Open Lien Mortgage Loan Amount: $1,240,000
  • 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: Feb 01, 2052

    Market Valuation

  • Market Total Value: $1,360,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,581,000
  • Assessed Land Value: $474,300
  • Assessed Improvements Value: $1,106,700

    Sales

  • Current Sale Contract Date: Dec 20, 2021
  • Current Sale Recording Date: Jan 11, 2022
  • Current Sale Transaction ID: 11877346092
  • Current Sale Price: $1,550,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 16729
  • Previous Sale Recording Date: Jan 11, 2022
  • Previous Sale Contract Date: Dec 20, 2021
  • Previous Sale Amount: $1,550,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: SPROUT MORTGAGE LLC
  • First Mortgage Transaction Date: Jan 11, 2022
  • First Mortgage Loan Amount: $1,240,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: SPROUT MORTGAGE LLC
  • Previous Mortgage Transaction Date: Jan 11, 2022
  • Previous Mortgage Loan Amount: $1,240,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2052

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Frequently Asked Questions

What neighborhood is 5305 East Lakeside Drive located in?
The 5305 East Lakeside Drive is a located in the neighborhood of Riverside in Palm Springs, Palm Springs.
What is the average sales price for listings in 5305 East Lakeside Drive?
The average sales price for units in 5305 East Lakeside Drive is $0 currently.

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