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Sold for $499,000
  • Listed by: RE/MAX Desert Properties • Alex Jay • Contact: 760-578-7542
    Bought with: RE/MAX ONE
    $499,000

    48600 Oakwood Way, Palm Desert, CA 92260

    2beds
    1,428sqft
    Condominium
    Built in 1978
    -- sqft lot
    $466,600 Zestimate®
    $349/sqft
    $2,462 Estimated rent

    Home value

    $466,600

    $434,000 - $504,000

    $2,462/mo

    Zestimate® history
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    What's special

    This one-of-a-kind 2 bedroom, 2 bathroom condo in the heart of South Palm Desert in the Sommerset community features a gorgeously REMODELED kitchen that highlights the quartz countertops, custom-made cabinets, center island with a seating area, top-of-the-line black slate finish appliances, and recessed lighting. The sellers went all out in creating this magnificent kitchen including a wine fridge with 40 bottle capacity. The layout of this home has natural lighting and is spacious which makes it perfect for entertaining guests. This condo also has a private patio that opens up to a beautiful grass area that is maintained by the HOA. In addition, this property has an attached car garage. This condo is within ideal walking distance to one of the many pools, tennis courts, and pickleball courts for a convenient and perfect way to relax. Not to mention, the gorgeous mountain views that highlight the perfect desert getaway and even feature hiking trails,also within walking distance. This condo located near luscious El Paseo shops, restaurants, boutiques, and galleries will make you feel like a star! All that is missing is for you to claim it as your own! Whether it's a vacation home, investment, or full-time, you will always enjoy the desert in style.

    Zillow last checked:

    Listing updated:

    Listed by:

    Alex Jay DRE #01184501 760-578-7542,

    RE/MAX Desert Properties

    Bought with:

    Jippi Scott

    RE/MAX ONE

    Deserie A Boutell

    RE/MAX ONE

    Source: CRMLS,MLS#: 219110630DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Entry/Foyer
    Heating
    • Central
    Cooling
    • Central Air, Electric
    Features
    • Flooring: Tile
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,428 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: On Street, Unassigned
    • Attached garage spaces: 2
    Features
    • Has private pool: Yes
    • Pool features: In Ground
    • Spa features: Community, In Ground
    • Has view: Yes
    • View description: Park/Greenbelt
    Lot
    • Size: 2,613 Square Feet
    Details
    • Parcel number: 652180001
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1978

    Community & HOA

    Community
    • Subdivision: Sommerset So. Palm D
    HOA
    • Has HOA: Yes
    • Amenities included: Sport Court, Maintenance Grounds, Other, Pet Restrictions, Tennis Court(s)
    • HOA fee: $525 monthly
    Location
    • Region: Palm Desert

    Financial & listing details

    • Price per square foot: $349/sqft
    • Tax assessed value: $508,980
    • Annual tax amount: $6,631
    • Date on market: 4/26/2024
    • Listing terms: Cash,Cash to New Loan,Conventional
    • Inclusions: Refrigerator, Microwave, Stove, Wine Cooler, Dishwasher and Dryer.

    Price history

    DateEventPrice
    7/10/2024Pending sale$499,000$349/sqft
    Source: CDAR/ Desert Area MLS #219110630 Report a problem
    7/9/2024Sold$499,000$349/sqft
    Source: CRMLS #219110630DA Report a problem
    5/27/2024Contingent$499,000$349/sqft
    Source: CDAR/ Desert Area MLS #219110630 Report a problem
    4/26/2024Listed for sale$499,000+75.1%$349/sqft
    Source: CDAR/ Desert Area MLS #219110630 Report a problem
    10/5/2020Sold$285,000-4.7%$200/sqft
    Source: CDAR/ Desert Area MLS #219044818 Report a problem
    9/5/2020Pending sale$299,000$209/sqft
    Source: Compass #219044818 Report a problem
    6/21/2020Listed for sale$299,000+12.4%$209/sqft
    Source: Compass #219044818 Report a problem
    4/12/2007Sold$266,000+4.5%$186/sqft
    Source: Public Record Report a problem
    12/7/2006Sold$254,612-25.1%$178/sqft
    Source: Public Record Report a problem
    8/22/2005Sold$340,000+79.9%$238/sqft
    Source: Public Record Report a problem
    6/19/2003Sold$189,000+14.5%$132/sqft
    Source: Public Record Report a problem
    10/9/2001Sold$165,000+43.5%$116/sqft
    Source: Public Record Report a problem
    8/30/2000Sold$115,000+21.1%$81/sqft
    Source: Public Record Report a problem
    7/6/1998Sold$95,000$67/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,631 +62.9%$508,980 +68.3%
    2024$4,070 +2.6%$302,443 +2%
    2023$3,968 +2.5%$296,514 +2%
    2022$3,870 +2.5%$290,700 +2%
    2021$3,777 +5.4%$285,000 +7.7%
    2020$3,584 +2.7%$264,586 +3%
    2019$3,490 +3.6%$256,880 +4%
    2018$3,371 +13.2%$247,000 +14.9%
    2017$2,978 $215,000 +3.4%
    2016$2,978 -5%$208,000 -7.6%
    2015$3,135 +6.9%$225,000 +8.2%
    2014$2,932 $208,000 +5.1%
    2013-- $198,000 +23.8%
    2012-- $160,000 +2.6%
    2011-- $156,000 -5.5%
    2010-- $165,000 -30.4%
    2009-- $237,000 -12.6%
    2008-- $271,320 +4.4%
    2007-- $260,000 -23.5%
    2006-- $340,000 +73.1%
    2005-- $196,377 +24.2%
    2003-- $158,100 +2%
    2002-- $155,000 +34.8%
    2001$1,439 +9.2%$115,000 +18.7%
    2000$1,318 $96,900
    Find assessor info on the county website

    Neighborhood: 92260

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $466,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $466,600