NOT LISTED FOR SALE

38470 Paradise Way Cathedral City, CA 92234

Cathedral City Cove Neighborhood

Estimated Value: $614,000 - $718,000

2 Beds
2 Baths
1,459 Sq Ft
$466/Sq Ft Est. Value

Last Sold November 22, 2017

Last sale price $442,500 $303 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $4,242/month

63 Days on Market

About This Home

As of November 2017

Welcome to the Hideaway, a very special home high in the Cove! Walled and gated, this gorgeous home sits on an enormous and very private lot. This home is the epitome of indoor/outdoor living with every room opening to the yard and the pool area. The open floor plan is perfect for today's lifestyle and is quite a setting for entertaining friends and family. A large master suite, a spacious second bedroom and a den offer lots of flexible space. You'll like the house but you will fall in love with the back yard! A covered patio is a lovely spot for relaxing and outdoor dining. Splash and frolic in the large pool and spa. The huge pool deck is lovely for an intimate evening outside for two or 50! Pull up a seat in front of the firepit and watch the stars! Currently, the home is a successful vacation rental. Don't delay come see it today!

Last Agent to Sell the Property

David Torres

Bennion Deville Homes License #01263230 Listed on: 08/24/2017

Last Buyer's Agent

Ttk Represents

Compass License #01327863

Compass

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,104

Year Built

1953

Lot Details

0

Listing Details

  • Entry Location: Ground Level - no steps
  • Active Date: 2017-10-26
  • Three Quarter Bathrooms: 2
  • Building Size: 1459.0
  • Building Structure Style: Contemporary
  • Driving Directions: From Hwy 111, go up the hill on Cathedral Canyon Road--make right turn on Terrace Rd--make left turn onto Paradise Way. Property will be on the left.
  • Full Street Address: 38470 PARADISE WAY
  • Pool Construction: Gunite, In Ground
  • Pool Descriptions: Heated And Filtered, Heated - Gas, Private Pool
  • Primary Object Modification Timestamp: 2017-11-22
  • Spa Construction: Gunite, In Ground
  • Spa Descriptions: Heated - Gas
  • View Type: Mountain View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1953

Interior Features

  • Eating Areas: Dining Area
  • Appliances: Built-In BBQ, Range, Free Standing Gas
  • Advertising Remarks: Welcome to the Hideaway, a very special home high in the Cove! Walled and gated, this gorgeous home sits on an enormous and very private lot. This home is the epitome of indoor/outdoor living with every room opening to the yard and the pool area. The o
  • Total Bedrooms: 2
  • Builders Tract Code: 7380
  • Builders Tract Name: CATHEDRAL CITY COVE
  • Fireplace: No
  • Levels: Ground Level
  • Spa: Yes
  • Appliances: Dishwasher, Dryer, Garbage Disposal, Refrigerator, Stackable W/D Hookup, Washer
  • Floor Material: Slate, Stone Tile
  • Laundry: Laundry in Closet, Outside
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 18295
  • Common Walls: Detached/No Common Walls
  • Roofing: Asphalt Shingle

Garage/Parking

  • Parking Features: Auto Driveway Gate, Driveway, Driveway - Gravel, Driveway Gate, Uncovered

Utilities

  • Water Heater: Tankless
  • Cooling Type: Air Conditioning, Ceiling Fan(s), Evaporative
  • Heating Type: Forced Air

Condo/Co-op/Association

  • HOA: No

Multi Family

  • Total Floors: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2017
Closed on
Oct 23, 2017
Sold by
Sandulo Edgar
Bought by
Reinhardt Paul and Walker William
Seller's Agent
David Torres
Bennion Deville Homes
Buyer's Agent
Ttk Represents
Compass
List Price
$539,000
Sold Price
$442,500
Premium/Discount to List
-$96,500
-17.9%
Current Estimated Value
$680,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,570
Avg. Annual Appreciation
5.57%
Original Mortgage
$398,250
Outstanding Balance
$333,451
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$346,619

Purchase Details

Closed on
Jan 13, 2011
Sold by
The 38470 Paradise Way Cathedral City Tr
Bought by
Sandulo Edgar

Purchase Details

Closed on
Oct 20, 2010
Sold by
Ishida Carina B
Bought by
The 38470 Paradise Way Cathedral City Tr and W Partners Llc

Purchase Details

Closed on
Dec 9, 2005
Sold by
Ishida Carina B
Bought by
Ishida Carina B and Ivan Samayoa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
6.31%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 8, 2005
Sold by
Winther Kenneth
Bought by
Ishida Carina B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
6.31%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 22, 2003
Sold by
Ramblas Robert
Bought by
Winther Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2002
Sold by
Becket Joseph and Becket Amy L
Bought by
Ramblas Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,600
Interest Rate
6.89%
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
Reinhardt Paul $442,500 Orange Coast Title Company
Sandulo Edgar $285,000 Pacific Coast Title Company
The 38470 Paradise Way Cathedral City Tr $166,747 None Available
Ishida Carina B -- Commerce Title Company
Ishida Carina B $540,000 Commerce Title Company
Winther Kenneth $335,000 First American Title Co
Ramblas Robert $199,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reinhardt Paul $398,250
Previous Owner Ishida Carina B $378,000
Previous Owner Winther Kenneth $143,000
Previous Owner Ramblas Robert $159,600
Closed Winther Kenneth $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2017 11/22/17 Sold $442,500 -1.6% $303 / Sq Ft
10/26/2017 10/26/17 Pending -- -- --
09/25/2017 09/25/17 Price Changed $449,500 -16.6% $308 / Sq Ft
08/24/2017 08/24/17 For Sale $539,000 -- $369 / Sq Ft
Source: Palm Springs Regional 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 $8,104 $503,483 $151,043 $352,440
2023 $8,104 $483,934 $145,179 $338,755
2022 $8,180 $474,446 $142,333 $332,113
2021 $8,025 $465,144 $139,543 $325,601
2020 $7,712 $460,376 $138,113 $322,263
2019 $7,573 $451,350 $135,405 $315,945
2018 $7,422 $442,500 $132,750 $309,750
2017 $5,827 $314,606 $110,386 $204,220
2016 $5,717 $308,438 $108,222 $200,216
2015 $5,563 $303,807 $106,598 $197,209
2014 $5,508 $297,858 $104,511 $193,347
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    David Torres

    Bennion Deville Homes

  • T

    Buyer's Agent in 2017

    Ttk Represents

    Compass

    (760) 350-9253

    4 in this area

    240 Total Sales

    Ttk Represents
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Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 17-264134PS

APN: 686-173-011

California Riverside County Cathedral City 92234 Cathedral City Cove

38470 Paradise Way, Cathedral City, CA

This home is located at 38470 Paradise Way, Cathedral City, CA 92234 since 24 August 2017 and is currently estimated at $680,070, approximately $466 per square foot. This property was built in 1953. 38470 Paradise Way is a home located in Riverside County with nearby schools including Rancho Mirage Elementary School, Nellie N. Coffman Middle School, and Cathedral City High School.

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