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877 East Cottonwood Road

877 East Cottonwood Road, Palm Springs, CA 92262
Multifamily in Riverside
Sold Oct 29, 2020
$735,000
$514,500 by Royal Pacific Funding Corp
Mortgage Due Nov 01, 2050
Sold Aug 08, 2019
$519,000
$389,250 by Truiumph Capital Partners Llc
Mortgage
877 East Cottonwood Road in Palm Springs, CA was first built in 1974 and is 50 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a quadplex style. It is a single story home. In total, the area measurement of the land is 10,890 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. 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, 877 East Cottonwood Road sold most recently in Jul 22, 2020 for a total of $735,000. If you work out the math, that's approximately a cost of $310.65 per sqft. Before that, the property was also sold for $519,000 in May 15, 2019. 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 $11,151 in taxes each year. The initial year of tax delinquency occurred in 2019. 877 East Cottonwood Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $764,694. If we break it down further, the land itself was valued at $156,060. Improvements to the property, however, were assessed at a total of $608,634. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

Building Features

Exterior

Stucco Exterior

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Wood
  • Building Style: Quadplex
  • Floor Count: 1
  • Living Units: 5
  • Business/Commerical Units Count: 4
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 2,366
  • Gross Building Area: 2,366
  • Building Area: 2,366

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BEL DESIERTO
  • Land Acres: 0.25
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: LOT 9 BLK B MB 020/043 TR BELL DESIERTO

Ownership

  • Current Owner : NEWMARK BRUCE E
  • Current Owner 2: NEWMARK DEBRA C
  • Previous Owner : ALL PROPERTIES LLC
  • Owner Before Previous Owner: ENSIGN NATHAN
  • Owner Before Previous Owner 2: ENSIGN NATHAN
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Palm Springs Unified School District
  • Census Tract: 044602

Zoning

  • Zoning: R2

Geography

  • Parcel: 507-042-008
  • Block: B
  • Lot: 9
  • Municipality: PALM SPRINGS
  • Latitude: 33.8439
  • Longitude: -116.538

    Address

  • Full Address: 877 E Cottonwood Rd
  • Address - House Number: 877
  • Street Direction: E
  • Address - Street Name: Cottonwood
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Palm Springs
  • Carrier Code: C074
  • 4-Digit Zip Code: 4608
  • Zip Code: 92262

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,151
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 011-060

    Appraisal Valuation

  • Standard Deviation: 0.1883
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 75
  • Final Value: 1,133,873
  • High Value: 1,347,452
  • Low Value: 920,295

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $514,500
  • First Open Lien Mortgage Lender: ROYAL PACIFIC FUNDING CORP
  • First Open Lien Mortgage Recording Date: Oct 29, 2020
  • First Open Lien Mortgage Loan Amount: $514,500
  • 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: Nov 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $764,694
  • Assessed Land Value: $156,060
  • Assessed Improvements Value: $608,634

    Sales

  • Current Sale Contract Date: Jul 22, 2020
  • Current Sale Recording Date: Oct 29, 2020
  • Current Sale Transaction ID: 11796188034
  • Current Sale Price: $735,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020-0526034
  • Previous Sale Recording Date: Aug 08, 2019
  • Previous Sale Contract Date: May 15, 2019
  • Previous Sale Amount: $519,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROYAL PACIFIC FUNDING CORP
  • First Mortgage Transaction Date: Oct 29, 2020
  • First Mortgage Loan Amount: $514,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: TRUIUMPH CAPITAL PARTNERS LLC
  • Previous Mortgage Transaction Date: Aug 08, 2019
  • Previous Mortgage Loan Amount: $389,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 877 East Cottonwood Road located in?
The 877 East Cottonwood Road is a multifamily located in the neighborhood of Riverside in Palm Springs, Palm Springs.
What is the average sales price for listings in 877 East Cottonwood Road?
The average sales price for units in 877 East Cottonwood Road is $0 currently.

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