$498,000
●
House -
Off Market
68877 Risueno Road
Cathedral City, CA 92234
4 Beds
2 Baths,
1
Half Bath
2,789 Ft²
$712,146
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
Nestled in the heart of Panorama Park is this beautifully remodeled
entertainers pool home boasting 2,789 square feet, 4 bedrooms and
some of the best views in Cathedral City. The chefs kitchen is
designed for entertaining with large island, granite counters,
glass backsplash and an open layout. Open floor plan has a billiard
room (living room), wet bar, grand family room all with easy access
to the resort style backyard. Upstairs you will find all bedrooms
with a large master retreat offering a walk-in closet, beautifully
designed/remodeled bathroom and a large balcony overlooking the
backyard with amazing mountain views. Enjoy the comfort of knowing
the whole house is ran off a solar system that drops your utility
bill to make this truly affordable in every way. This well
appointed gem is one of the best properties I have seen in Panorama
Park in years and us ready for a new owner to enjoy all that it has
to offer.
Unit Size
2,789 Ft²
Days on Market
56 days
Land Size
0.18 acres
Price per sqft
$179
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1988
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CRMLS #219036762DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 20, 2022 | No longer available | - | |
| No longer available | |||
| Feb 19, 2022 | In contract | - | |
| In contract | |||
| Feb 16, 2022 | Listed by HomeSmart Professionals | $729,000 | |
| Listed by HomeSmart Professionals | |||
| | |||
|
Custom two-story Resort property just under 2800 ft. this four bedroom three bath Resort has been renovated and offers the Desert lifestyle, inside and outside...The chefs kitchen is designed for entertaining with large island, granite counters, glass backsplash and an open layout. Open floor plan has a billiard room (living room), wet bar, grand family room all with easy access to the resort style backyard. Upstairs you will find all bedrooms with a large master retreat offering a walk-in closet, beautifully designed/remodeled bathroom and a large balcony overlooking the backyard with amazing mountain view. The manager has listed the unit size as 2789 square feet.
| |||
| Mar 9, 2020 | Sold | ||
| Sold | |||
| Jan 13, 2020 | Listed by Bennion Deville Homes | $498,000 | |
| Listed by Bennion Deville Homes | |||
| | |||
|
Nestled in the heart of Panorama Park is this beautifully remodeled entertainers pool home boasting 2,789 square feet, 4 bedrooms and some of the best views in Cathedral City. The chefs kitchen is designed for entertaining with large island, granite counters, glass backsplash and an open layout. Open floor plan has a billiard room (living room), wet bar, grand family room all with easy access to the resort style backyard. Upstairs you will find all bedrooms with a large master retreat offering a walk-in closet, beautifully designed/remodeled bathroom and a large balcony overlooking the backyard with amazing mountain views. Enjoy the comfort of knowing the whole house is ran off a solar system that drops your utility bill to make this truly affordable in every way. This well appointed gem is one of the best properties I have seen in Panorama Park in years and us ready for a new owner to enjoy all that it has to offer.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Palm Springs Panorama
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$8,500 /mo
- 3 Beds
- 2 Baths
- 2,333 ft²
$10,000 /mo
- 4 Beds
- 4 Baths
- 3,267 ft²
Listed by: Anthony Holland, Bennion Deville Homes
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 219036762DA
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 219036762DA
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017