NOT LISTED FOR SALE

28525 Avenida la Paz Cathedral City, CA 92234

Panorama Neighborhood

Estimated Value: $690,000 - $863,000

9 Beds
9 Baths
4,172 Sq Ft
$190/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $750,000 $180 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,301/month

22 Days on Market

Highlights

  • Contemporary Architecture
  • Central Heating and Cooling System
  • Carpet
  • Living Room
  • Dining Area

About This Home

As of December 2021

Sitting on a corner lot, this triplex has joined apartment townhomes in Cathedral City's sought after Panorama neighborhood. Each unit has ample interior as well as private downstairs and upstairs patios. Each unit is approximately 1,390 sq. ft. each with two-car garage and laundry hook ups in garage. Downstairs living space encompasses a kitchen, dining room, living room, a half bath and entry way to garage and front door. Off the living room in unit A is a side enclosed patio and a semi-fenced and stucco second patio. Upstairs in each unit you have three bedrooms. Two rooms share a bathroom (one door leading to a bedroom, other off hallway) as well as a covered patio with sliding glass doors off each bedroom and the master bedroom has a master en suite bath and exterior patio. Drive by only.

Last Agent to Sell the Property

Michael Heath

VPM Rents, Inc. License #01716810 Listed on: 11/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,096

Year Built

  • Built in 1987

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 67' x 116' x 27' x 42' x 133'

Home Design

  • Triplex
  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof
  • "S" Clay Tile Roof
  • Stucco Exterior

Interior Spaces

  • 4,172 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Living Room
  • Dining Area

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 9 Bedrooms
  • All Upper Level Bedrooms

Laundry

  • Laundry in Garage
  • Washer and Dryer Hookup

Parking

  • 3 Car Garage
  • Garage Door Opener
  • Driveway

Location

  • Ground Level

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Tenant pays for air cond/heat main, gas, electricity, cable TV
  • The owner pays for gardener, trash collection, water
  • Assessor Parcel Number 675092011

Community Details

Overview

  • 3 Units
  • Panorama Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Gross Income $1,336

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,096

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Property Attached/Detached: Yes
  • Levels: Two
  • Price Per Unit: 233000.00
  • Building Style: Contemporary
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 167.55
  • Lp Sp Ratio: 1.0700
  • Year Built: 1987
  • Internal Listing I D: 20211109120430951200000000
  • Listing I D: 219070087
  • Listing Member Address: 333 N. Palm Canyon Drive, Suite 118, Palm Springs, CA 92262
  • Listing Office Address: 333 N. Palm Canyon Drive, Suite 118, Palm Springs, CA 92262
  • Listing Office Fax: (760) 904-5418
  • List Office Board Code: Palm Springs Association of Realtors
  • Selling Office Address: 4340 Von Karman Ave, #200, Newport Beach, CA 92660
  • Land Type: Fee
  • Subdivision: Panorama
  • Unit Information Number Of Units Leased: 3
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator, Gas Range, Gas Oven, Gas Dryer Hookup, Disposal
  • Number Of Disposals: 1
  • Number of Ranges: 3
  • Flooring: Carpet, Linoleum
  • Bedroom Features: All Bedrooms Up
  • Total Bedrooms: 9
  • Half Bathrooms: 3
  • Total Bathrooms: 9.00
  • Full Bathrooms: 6
  • Kitchen Features: Laminate Counters
  • Laundry Equipment: Hook-Ups
  • Laundry: In Garage
  • Estimated Sq Ft: 4172.00
  • Windows Treatments: Blinds

Exterior Features

  • Construction: Stucco
  • Roofing: Clay Tile, Composition
  • Foundation: Slab
  • Numberof Patios: 6
  • Paved: Yes

Garage/Parking

  • Parking: Driveway, Garage Door Opener
  • Parking Info Total Covered Spaces: 3.00
  • Parking Info Total Garage Spaces: 3.00
  • Parking Info Total Parking Spaces: 6.00

Utilities

  • Number Electric Meters: 3
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Central Air
  • Heating: Central
  • Sewer: Unknown
  • Number Gas Meter: 3
  • Water Heater: Yes
  • Laundry Type: Yes

Condo/Co-op/Association

  • Unit Location: Ground Floor

Lot Info

  • Assessor Parcel Number: 675092011
  • Lot Dimensions: 67' x 116' x 27' x 42' x 133'
  • Lot Size: 8712.00

Rental Info

  • Owner Pays: Gardener, Trash Collection, Water
  • Tenant Pays: Air Cond/Heat Main, Gas, Electricity, Cable TV
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Number Of Dishwashers: 3
  • Number Of Refrigerators: 1
  • Total Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2022
Sold by
Hamilton Christie
Bought by
Hamilton Seth
Current Estimated Value
$793,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$514,454
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$279,543

Purchase Details

Closed on
May 12, 2022
Sold by
Caldev Llc
Bought by
Hamilton Seth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$514,454
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$279,543

Purchase Details

Listed on
Nov 9, 2021
Closed on
Dec 10, 2021
Sold by
Streetlamp Partners Llc
Bought by
Caldev Llc
Seller's Agent
Michael Heath
VPM Rents, Inc.
List Price
$699,000
Sold Price
$750,000
Premium/Discount to List
$51,000
7.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.53%

Purchase Details

Listed on
Nov 9, 2021
Closed on
Nov 18, 2021
Sold by
Sparks Fly Llc
Bought by
Streetlamp Partners Llc
Seller's Agent
Michael Heath
VPM Rents, Inc.
List Price
$699,000
Sold Price
$750,000
Premium/Discount to List
$51,000
7.3%

Purchase Details

Closed on
Oct 30, 2014
Sold by
Sparks Richard L and Graham Sparks Susan A
Bought by
Sparks Fly Llc

Purchase Details

Listed on
Apr 12, 2012
Closed on
Feb 2, 2013
Sold by
Sparks Richard L and Graham Sparks Susan A
Bought by
Sparks Richard L and Graham Sparks Susan A
Seller's Agent
Jennifer Matthews
Keller Williams Realty
Buyer's Agent
Heather Ozur
Coldwell Banker Residential Brokerage
List Price
$270,000
Sold Price
$250,000
Premium/Discount to List
-$20,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.53%
Original Mortgage
$175,000
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 12, 2012
Closed on
Dec 29, 2012
Sold by
Lilah Llc
Bought by
Sparks Richard L and Graham Sparks Susan A
Seller's Agent
Jennifer Matthews
Keller Williams Realty
Buyer's Agent
Heather Ozur
Coldwell Banker Residential Brokerage
List Price
$270,000
Sold Price
$250,000
Premium/Discount to List
-$20,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2005
Sold by
Mims Nancy
Bought by
Lilah Llc

Purchase Details

Closed on
Oct 8, 2004
Sold by
Mims Nancy
Bought by
Lilah Llc

Purchase Details

Closed on
Jul 29, 2004
Sold by
Lilah Llc
Bought by
Mims Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,400
Interest Rate
6.24%
Mortgage Type
Commercial

Purchase Details

Closed on
May 13, 2003
Sold by
Mims Nancy Jo
Bought by
Lilah Llc

Purchase Details

Closed on
Oct 11, 2000
Sold by
Roque Andrew A
Bought by
Mims Nancy Jo and Nancy Jo Mims Revocable Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,500
Interest Rate
4.4%
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
Hamilton Seth -- First American Title
Hamilton Seth -- First American Title
Caldev Llc -- Old Republic Title
Streetlamp Partners Llc $750,000 Old Republic Title Company
Sparks Fly Llc -- Accommodation
Sparks Richard L -- None Available
Sparks Richard L $250,000 Orange Coast Title Company
Lilah Llc -- --
Lilah Llc -- --
Mims Nancy -- Lawyers Title
Lilah Llc -- --
Mims Nancy Jo $215,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamilton Seth $540,000
Previous Owner Sparks Richard L $175,000
Previous Owner Mims Nancy $295,400
Previous Owner Mims Nancy Jo $150,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2021 12/10/21 Sold $750,000 +7.3% $180 / Sq Ft
11/09/2021 11/09/21 For Sale $699,000 +179.6% $168 / Sq Ft
12/31/2012 12/31/12 Sold $250,000 -7.4% $60 / Sq Ft
10/30/2012 10/30/12 Pending -- -- --
04/12/2012 04/12/12 For Sale $270,000 -- $65 / Sq Ft
Source: Greater Palm Springs Multiple Listing Service

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 $12,096 $795,905 $185,711 $610,194
2023 $12,096 $765,000 $178,500 $586,500
2022 $11,740 $750,000 $175,000 $575,000
2021 $5,516 $284,406 $56,879 $227,527
2020 $5,251 $281,490 $56,296 $225,194
2019 $5,121 $275,972 $55,193 $220,779
2018 $5,071 $270,561 $54,111 $216,450
2017 $4,965 $265,256 $53,050 $212,206
2016 $4,839 $260,056 $52,010 $208,046
2015 $4,690 $400,000 $80,000 $320,000
2014 $4,634 $251,135 $50,227 $200,908
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michael Heath

    VPM Rents, Inc.

    (760) 325-4477

    2 in this area

    30 Total Sales

    Michael Heath
    Section Image

  • J

    Seller's Agent in 2012

    Jennifer Matthews

    Keller Williams Realty

  • H

    Buyer's Agent in 2012

    Heather Ozur

    Coldwell Banker Residential Brokerage

See All Agents

Map

Source: Greater Palm Springs Multiple Listing Service

MLS Number: 219070087

Greater Palm Springs Multiple Listing Service

APN: 675-092-011

California Riverside County Cathedral City 92234 Panorama

28525 Avenida la Paz, Cathedral City, CA

This home is located at 28525 Avenida la Paz, Cathedral City, CA 92234 since 09 November 2021 and is currently estimated at $793,997, approximately $190 per square foot. This property was built in 1987. 28525 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.

Greater Palm Springs Multiple Listing Service 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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