NOT LISTED FOR SALE

28245 Avenida la Paz Cathedral City, CA 92234

Panorama Neighborhood

Estimated Value: $892,000 - $1,208,311

9 Beds
8 Baths
5,200 Sq Ft
$208/Sq Ft Est. Value

Last Sold July 15, 2016

Last sale price $615,000 $118 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $6,888/month

7 Days on Market

Highlights

  • Heated In Ground Pool
  • Mediterranean Architecture
  • Landscaped
  • 16,117 Sq Ft lot
  • Private Yard
  • Central Heating and Cooling System

About This Home

As of July 2016

Seller owns two of these 4-plexes in the same area. EACH of them is a good looking property with tiled roof. Front house is 1900 sq. ft. 3 bd 2 ba, fireplace and double garage. POOL. Behind the house are 3 large condo type apartments, each 1100 sq. ft.with double garages. Great location & close to highly rated schools. Walk distance to grocery and more. Tenants are working class professionals. UNITS have all been upgraded with appliances, garage door openers, paint & carpet. Units all have recently new a/c. Owner has low expenses due to good management. EACH 4-plex is in above average condition and they are ALL rented. Each 4-plex is offered at $649.900. Call list agent for Second address.

Last Agent to Sell the Property

Teri Litton

HomeSmart License #00900016 Listed on: 06/09/2016

HomeSmart

Last Buyer's Agent

Drew Johnson

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,144

Year Built

  • Built in 1990

Lot Details

  • 0.37 Acre Lot
  • Landscaped
  • Paved or Partially Paved Lot
  • Private Yard
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Mediterranean Architecture
  • Tile Roof

Interior Spaces

  • 5,200 Sq Ft Home
  • 1-Story Property
  • Gas Log Fireplace
  • Blinds
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Full Bathrooms

Pool

  • Heated In Ground Pool
  • Fence Around Pool

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, gas, electricity
  • The owner pays for gardener, water, pool service
  • Assessor Parcel Number 675071026

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Panorama Subdivision

Recreation

  • Community Pool

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,144

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Ground Level, No Unit Above
  • Price Per Unit: 162475.00
  • Building Number Of Stories: 1
  • Building Style: Mediterranean
  • Included In Sale: stoves/ovens, dishwashers, garbage disposals.
  • List Price per Sq Ft: 124.98
  • Lp Sp Ratio: 0.9463
  • Year Built: 1990
  • Internal Listing I D: 20190608184728675679000000
  • Listing I D: 216017896
  • Listing Member Address: 431 S Palm Canyon Dr, Palm Springs, CA 92262
  • Listing Member Fax: (760) 844-7550
  • Listing Office Address: 431 S Palm Canyon Dr, Palm Springs, CA 92262
  • Listing Office Fax: (760) 844-7550
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 201 N Palm Canyon Drive, Suite 120, Palm Springs, CA 92262
  • Selling Office Address: 431 S Palm Canyon Dr, Palm Springs, CA 92262
  • Selling Office Fax: (760) 844-7550
  • Land Type: Fee
  • Subdivision: Panorama
  • Unit Information Number Of Units Leased: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Number Of Disposals: 4
  • Number of Ranges: 4
  • Fireplace Features: Gas Log
  • Total Bedrooms: 9
  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Estimated Sq Ft: 5200.00
  • Windows Treatments: Blinds

Exterior Features

  • Roofing: Tile
  • Pool: Yes
  • Pool Accessories: Safety Fence, Safety Gate
  • Pool Construction: In Ground
  • Pool Description: Not Heated
  • Pool Location: Community
  • Paved: Yes

Garage/Parking

  • Parking Info Total Garage Spaces: 2.00
  • Parking Info Total Parking Spaces: 2.00

Utilities

  • Number Electric Meters: 4
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Central Air
  • Heating: Central, Heat Pump
  • Heating Fuel: Natural Gas
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas
  • Water Heater: Yes
  • Laundry Type: Yes

Lot Info

  • Assessor Parcel Number: 675071026
  • Lot Description: Alley Paved, Yard, Landscaped, Front Yard
  • Lot Size: 16117.00

Rental Info

  • Owner Pays: Gardener, Water, Pool Service
  • Tenant Pays: Cable TV, Gas, Electricity
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 1
  • Number Of Dishwashers: 4
  • Number Of Rented Garages: 4
  • Total Units: 4

Tax Info

  • Annual Tax: 6144.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2016
Closed on
Jun 22, 2016
Sold by
Kathleen M Novarro Family Trust
Bought by
The Bisco Group Llc
Seller's Agent
Teri Litton
HomeSmart
Buyer's Agent
Drew Johnson
List Price
$649,900
Sold Price
$615,000
Premium/Discount to List
-$34,900
-5.37%
Current Estimated Value
$1,082,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$467,828
Avg. Annual Appreciation
6.51%

Purchase Details

Closed on
Aug 31, 2006
Sold by
Novarro Kathleen Margaret
Bought by
The Kathleen M Novarro Family Trust

Purchase Details

Closed on
Oct 25, 1999
Sold by
Novarro Stephen Barrett
Bought by
Novarro Kathleen Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 14, 1999
Sold by
Hetherington William C and Hetherington Willamae
Bought by
Novarro Kathleen Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
3.85%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Bisco Group Llc $615,000 None Available
The Kathleen M Novarro Family Trust -- None Available
Novarro Kathleen Margaret -- Orange Coast Title Co
Novarro Kathleen Margaret $280,000 Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Novarro Kathleen Margaret $526,500
Previous Owner Novarro Kathleen Margaret $335,000
Previous Owner Novarro Kathleen Margaret $196,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2016 07/15/16 Sold $615,000 -5.4% $118 / Sq Ft
06/16/2016 06/16/16 Pending -- -- --
06/09/2016 06/09/16 For Sale $649,900 -- $125 / Sq Ft
Source: California Desert Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,850 $713,754 $168,282 $545,472
2023 $11,850 $686,041 $161,749 $524,292
2022 $11,392 $672,590 $158,578 $514,012
2021 $10,997 $659,403 $155,469 $503,934
2020 $10,448 $652,642 $153,875 $498,767
2019 $10,213 $639,846 $150,858 $488,988
2018 $10,081 $627,300 $147,900 $479,400
2017 $9,891 $615,000 $145,000 $470,000
2016 $6,338 $337,553 $83,732 $253,821
2015 $6,144 $332,484 $82,475 $250,009
2014 $6,070 $325,972 $80,860 $245,112
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Teri Litton

    HomeSmart

    (760) 861-7900

    46 Total Sales

    Section Image

  • D

    Buyer's Agent in 2016

    Drew Johnson

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 216017896

California Desert Association of REALTORS®

APN: 675-071-026

California Riverside County Cathedral City 92234 Panorama

28245 Avenida la Paz, Cathedral City, CA

This home is located at 28245 Avenida la Paz, Cathedral City, CA 92234 since 09 June 2016 and is currently estimated at $1,082,828, approximately $208 per square foot. This property was built in 1990. 28245 Avenida la Paz is a home located in Riverside County with nearby schools including Rio Vista Elementary School, James Workman Middle School, and Cathedral City High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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