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68155 Modalo Road

68155 Modalo Road, Cathedral City, CA 92234
Sold May 27, 2022
$677,000
$230,000 by Franklin Loan Center
Mortgage Due Jun 01, 2052
Sold Jan 30, 2015
$262,500
$236,250 by Stonegate Mortgage Corp
Mortgage Due Feb 01, 2045
Local assessors in Cathedral City, CA have categorized 68155 Modalo Road as a residential type of property. The home was built in 1993 and is 31 years old. It was most recently renovated and altered in 1994. The property's lot size has been calculated to be 8,712 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 are 2 full bathrooms. 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 68155 Modalo Road has a total of 1,839 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 469 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 - C. 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. 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, 68155 Modalo Road was last sold in May 12, 2022 for $677,000. According to our calculations, that's $275.09 per sqft. Prior to that sales transaction, the property was sold for $262,500 in Jan 12, 2015. Current property owners are expected to pay $9,548 in taxes per year. The property on 68155 Modalo Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $690,540. To break that down further, the land itself was valued at $33,150. While improvements to the property were assessed at a total of $657,390. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Roof Cover Type: Gravel/rock
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 469
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 2,461
  • Gross Building Area: 2,461
  • Building Area: 1,839
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,839
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PALM SPRINGS HIGHLANDS 3
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: LOT 479 MB 037/077 PALM SPRINGS HIGHLANDS 3

Ownership

  • Current Owner : LONEY MICHAEL S
  • Current Owner 2: LONEY DEBRA J
  • Previous Owner : GILBERT GARY C
  • Previous Owner 2: GILBERT SARAH C
  • Owner Before Previous Owner: SCHWARTZ ALAN D
  • Owner Before Previous Owner 2: SCHWARTZ HEIDI R
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Palm Springs Unified School District
  • Census Tract: 044925

Zoning

  • Zoning: R1

Geography

  • Parcel: 678-030-034
  • Lot: 479
  • Municipality: CATHEDRAL CITY
  • Latitude: 33.8275
  • Longitude: -116.473

    Address

  • Full Address: 68155 Modalo Rd
  • Address - House Number: 68155
  • Address - Street Name: Modalo
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Cathedral City
  • Carrier Code: C036
  • 4-Digit Zip Code: 5258
  • Zip Code: 92234

Valuation

    Tax

  • Total Area: 1,859
  • Tax Year: 2023
  • Tax Amount: $9,548
  • Tax Rate Code Area: 019-123

    Appraisal Valuation

  • Standard Deviation: 0.1668
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 78
  • Final Value: 677,169
  • High Value: 790,134
  • Low Value: 564,203

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $230,000
  • First Open Lien Mortgage Lender: FRANKLIN LOAN CENTER
  • First Open Lien Mortgage Recording Date: May 27, 2022
  • First Open Lien Mortgage Loan Amount: $230,000
  • 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: Jun 01, 2052

    Market Valuation

  • Market Total Value: $390,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $690,540
  • Assessed Land Value: $33,150
  • Assessed Improvements Value: $657,390

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 12, 2022
  • Current Sale Recording Date: May 27, 2022
  • Current Sale Transaction ID: 11889379037
  • Current Sale Price: $677,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 246147
  • Previous Sale Recording Date: Jan 30, 2015
  • Previous Sale Contract Date: Jan 12, 2015
  • Previous Sale Amount: $262,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FRANKLIN LOAN CENTER
  • First Mortgage Transaction Date: May 27, 2022
  • First Mortgage Loan Amount: $230,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: STONEGATE MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jan 30, 2015
  • Previous Mortgage Loan Amount: $236,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2045

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Frequently Asked Questions

What neighborhood is 68155 Modalo Road located in?
The 68155 Modalo Road is a house located in the neighborhood of Palm Springs Highlands in Palm Springs Highlands, Cathedral City.
What is the average sales price for listings in 68155 Modalo Road?
The average sales price for units in 68155 Modalo Road is $0 currently.

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