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745 Summit Drive

745 Summit Drive, Palm Springs, CA 92262
Property in Mountain Gate
Sold Nov 10, 2005
$404,000
Sold Feb 15, 2005
$304,000
$242,916 by Wells Fargo Bank Na
Mortgage Due Mar 01, 2035
Local assessors in Palm Springs, CA have categorized 745 Summit Drive as a residential type of property. The home was built in 2004 and is 20 years old. It was most recently renovated and altered in 2005. The property's lot size has been calculated to be 6,098 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 2 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 745 Summit Drive has a total of 1,630 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 426 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 tile. 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. 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, 745 Summit Drive was last sold in Oct 13, 2005 for $404,000. According to our calculations, that's $172.87 per sqft. Prior to that sales transaction, the property was sold for $304,000 in Jun 14, 2004. Current property owners are expected to pay $7,752 in taxes per year. The property on 745 Summit Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $513,141. To break that down further, the land itself was valued at $65,025. While improvements to the property were assessed at a total of $448,116. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 2004
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 426
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 2,337
  • Gross Building Area: 2,337
  • Building Area: 1,630
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,630
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT 30963
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: .14 ACRES IN LOT 38 MB 346/012 TR 30963

Ownership

  • Current Owner : BLACK LARRY A
  • Previous Owner : RICE GREGORY IAN
  • Owner Before Previous Owner: MOUNTAIN GATE PALM SPRINGS VENTURES LLC
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Feb 08, 2024

Neighborhood

  • School District Name: Palm Springs Unified School District
  • Census Tract: 044605

Geography

  • Subdivision Tract Number: 30963
  • Parcel: 669-580-026
  • Lot: 38
  • Municipality: PALM SPRINGS
  • Latitude: 33.8662
  • Longitude: -116.557

    Address

  • Full Address: 745 Summit Dr
  • Address - House Number: 745
  • Address - Street Name: Summit
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Palm Springs
  • Carrier Code: C077
  • 4-Digit Zip Code: 1226
  • Zip Code: 92262

Valuation

    Tax

  • Total Area: 1,630
  • Tax Year: 2023
  • Tax Amount: $7,752
  • Tax Rate Code Area: 011-005

    Appraisal Valuation

  • Standard Deviation: 0.1854
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 75
  • Final Value: 665,134
  • High Value: 788,515
  • Low Value: 541,754

    Market Valuation

  • Market Total Value: $402,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $513,141
  • Assessed Land Value: $65,025
  • Assessed Improvements Value: $448,116

    Sales

  • Current Sale Contract Date: Oct 13, 2005
  • Current Sale Recording Date: Nov 10, 2005
  • Current Sale Transaction ID: 1042696375
  • Current Sale Price: $404,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2005-0939798
  • Previous Sale Recording Date: Feb 15, 2005
  • Previous Sale Contract Date: Jun 14, 2004
  • Previous Sale Amount: $304,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Mortgage Transaction Date: Nov 10, 2005
  • First Mortgage Loan Amount: $305,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Mortgage Loan Due Date: Dec 01, 2035

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Feb 15, 2005
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $242,916
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Mar 01, 2035

About Mountain Gate



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Frequently Asked Questions

What neighborhood is 745 Summit Drive located in?
The 745 Summit Drive is a located in the neighborhood of Mountain Gate in Mountain Gate, Palm Springs.
What is the average sales price for listings in 745 Summit Drive?
The average sales price for units in 745 Summit Drive is $0 currently.

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