12155 Ocotillo Rd Desert Hot Springs, CA 92240

$240,000 Sold Price as of 04/28/2017

4 Beds
3 Baths
2,650 Sq.Ft.

Off Market

$240,000 Sold Price as of 04/28/2017 Refinance Your Mortgage

Map preview of 12155 Ocotillo Rd, Desert Hot Springs, CA 92240

Property Overview: 12155 Ocotillo Rd Desert Hot Springs, CA has 4 bedrooms, 3 bathrooms, 2,650 living square feet and 13,503 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

12155 Ocotillo Rd is currently an off market home in the city of Desert Hot Springs. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Desert Hot Springs has a median list price of $425,000. The median price per/sqft for Desert Hot Springs is $264. With those numbers in mind, if you are looking to purchase a median priced home in Desert Hot Springs, CA and put 20% down you will need to save up $85,000 for the down payment and will need roughly $8,500 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Desert Hot Springs the commission could be as much as $19,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 12155 Ocotillo Rd

Last sold for $240,000 on April 28th, 2017

June, 2023
Jun 30, 2023

Date

Expired

CRMLS: 219091400DA

$699,000

Price
Feb 25, 2023

Date

Active

CRMLS: 219091400DA

$699,000

Price
Listing provided courtesy of CRMLS

CREATIVE ALTERNATIVES AVAILABLE. CALL LISTING AGENT!! LET'S SEE IF WE CAN MAKE THIS A 6% CAP RATE FOR YOUR BUYER!This is a unique opportunity to own an established 'rental' property in a prime location. The seller pays all Gas, Electric and water for the entire property. All projections of expenses shows Electric is projected to be $300 per month which is the probable monthly cost for Solar panels via SunRun. The buyer must submit a request to the Solar company to activate it. Buy with the intent to owner occupy, buy as an investment with rental income projected to offer a solid 5% CAP or even develop it into a Airbnb marketing. This a Legal Non-Conforming structure on a R-1 zone. As financing may require a substantial down payment the seller is willing to offer a favorable loan. A seller carry back loan equal to 50% of the purchase price may be available at a favorable interest rate. In the event the buyer chooses to buy without seller financing the seller may require the buyer's cooperation in a 1031 exchange at no cost or delay. The owner's unit is 2 bedrooms, 3 baths of more than 1,250 square feet with 3 bachelor units of a total of about 1,400 square feet. Each unit has access to a lovely rear yard, patio areas, mountain views and their homes are close to shopping, transportation and other amenities. This home is on a large double corner lot, very unique for this area. Please do not disturb owner or tenants. Open Documents for Performa and agent comments.

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May, 2023
May 12, 2023

Date

Canceled

CRMLS: 219091472DA

$699,000

Price
Feb 28, 2023

Date

Active

CRMLS: 219091472DA

$699,000

Price
Listing provided courtesy of CRMLS

OWNER OCCUPANT OPPORTUNITY! LIVE AT A GREAT LOCATION WITH NO MONTHLY COST ONCE OWNING. SUBMIT 30 TO 50% DOWN PAYMENT AND NAME YOUR TERMS!!This is a unique opportunity to own an established 'rental' property in a prime location. The seller pays all Gas, Electric and water for the entire property. All projections of expenses shows Electric is projected to be $300 per month which is the probable monthly cost for Solar panels via SunRun. The buyer must submit a request to the Solar company to activate it. Buy with the intent to owner occupy, buy as an investment with rental income projected to offer a solid 5% CAP or even develop it into a Airbnb marketing. This a Legal Non-Conforming structure on a R-1 zone. In the event the buyer chooses to buy without seller financing the seller may require the buyer's cooperation in a 1031 exchange at no cost or delay. The owner's unit is 2 bedrooms, 3 baths of more than 1,250 square feet with 3 bachelor units of a total of about 1,400 square feet. Each unit has access to a lovely rear yard, patio areas, mountain views and their homes are close to shopping, transportation and other amenities. This home is on a large double corner lot, very unique for this area. All inspections, interior viewings and contact with tenants must be completed upon acceptance of an offer. Please do not disturb owner or tenants. Open Documents for Performa and agent comment

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September, 2022
Sep 26, 2022

Date

Canceled

CRMLS: 22198079

$800,000

Price
Sep 7, 2022

Date

Active

CRMLS: 22198079

$800,000

Price
Listing provided courtesy of CRMLS

Welcome to your beautiful home located on the corner on 13500 sf lot. Abandon parking , available including 2 large high ceiling garage. Built in 1986 this home is well design to accommodate 2 Batcheler, and one single unit all with separate entrees and privacy for each tenant. Occupied by long time tenants, now all month to month with actual income of $2810 per month with seller paying for All utilities. Sellers unit is 2Bed +Dan with 3 bathrooms. Private grassy courtyard with palms trees, flowers, to enjoy. There is opportunity and space to do expansions if desired and it is buyers or buyers' agents to verify All with city Building and Safety. THIS HOME is convenient for large family, Owner user or investor. Do not Disturb tenants Please Make appointment with listing agent 24 h needed to show .

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April, 2017
Apr 28, 2017

Date

Sold (Public Records)

Public Records

$240,000

Price
May, 2001
May 15, 2001

Date

Sold (Public Records)

Public Records

$145,000

Price

Tax History for 12155 Ocotillo Rd

Assessed Value (2020): $254,688

Year	Land Value	Improved Value	Assessed Value
2020	$38,203	$216,485	$254,688

About 12155 Ocotillo Rd

Detailed summary of property

12155 Ocotillo Rd is a single family home in Desert Hot Springs, CA 92240 and last sold on April 28, 2017 for $240,000. This house has 4 bedrooms, 3 bathrooms, roughly 2,650 living square feet, and sits on an approximately 13,503 square foot lot. Homes in Desert Hot Springs are selling for a median price of $390,000 and a median price per square foot of $259. Based on Ardent Real Estate Group's Desert Hot Springs Market Data, this home is sold 38.46% lower than the current median priced home. 12155 Ocotillo Rd was last sold on April 28, 2017 for $240,000. Local nearby listings include 1429 E Laurelwood Dr, 25546 Amanda St and 25760 Argyle Court. The average home in Desert Hot Springs, CA is selling in 122 days. There are currently 243 homes for sale in the Desert Hot Springs real estate market and 234 of them are single family homes while 9 of them are condos and 0 are townhomes. If you are the homeowner and looking to sell the home at 12155 Ocotillo Rd Desert Hot Springs, CA 92240 contact Ardent Real Estate Group and we will put you in touch with one of our Desert Hot Springs agents.

Public Facts for 12155 Ocotillo Rd

Public county record property details

Beds: 4
Baths: 3
Year built: 1986
Sq. Ft.: 2,650
Lot Size: 13,503
Stories: --

Type: Single Family Residential
Pool: No
Spa: No
County: Riverside
Lot#: 13,14
APN: 641-103-024

The source for these homes facts are from public records.

92240 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$419,000

Median List Price/Sq.Ft.

$263

Median Sold Price

$385,000

Median Sold Price/Sq.Ft.

$253

Total Inventory

224

Median Sale to List Price %

98.97%

Avg Days on Market

Loan Type

Conventional (31.25%), FHA (15.63%), VA (12.5%), Cash (21.88%), Other (12.5%)

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Thinking of Selling?
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(714) 706-1823

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