NOT LISTED FOR SALE

38895 Paradise Way Cathedral City, CA 92234

Cathedral City Cove Neighborhood

Estimated Value: $572,000 - $1,021,000

5 Beds
4 Baths
3,097 Sq Ft
$282/Sq Ft Est. Value

Last Sold April 03, 2018

Last sale price $509,000 $164 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,411/month

78 Days on Market

About This Home

As of April 2018

Large home high up in desirable Cathedral City Cove perched above neighboring properties with sweeping views of the mountains AND with a detached casita. This place has it all with owned solar, a pool, spa, amazing privacy and a 3 car garage. Owner spent $140,000 in upgrades since 2013 on new AC, hot water heaters, furnaces, resurfaced pool, etc. see complete list attached to listing for dates new upgrades went into service. With a little love (oven in main house does not work) this property could be an entertainers dream. Come check out the bones of this unique property!! Halogen track light heads in garage excluded from sale. Sewer is on bond, per owner, cost is $1900 per year for 15 more years.

Last Agent to Sell the Property

Tom Powell

Bennion Deville Homes License #01945555 Listed on: 01/05/2018

Bennion Deville Homes

Co-Listed By

NonMember AgentDefault

NonMember OfficeDefault

Last Buyer's Agent

Marc Lange

Equity Union License #01407481

Equity Union

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,177

Year Built

1976

Lot Details

0

Parking

3

Listing Details

  • Active Date: 2018-01-05
  • Full Bathroom: 1
  • Three Quarter Bathrooms: 3
  • Building Size: 3097.0
  • Building Structure Style: Contemporary
  • Driving Directions: From Hwy 111 go South on Cathedral Canyon Dr, turn right on Terrace and left on Paradise Way
  • Full Street Address: 38895 PARADISE WAY
  • Pool Construction: In Ground
  • Pool Descriptions: Heated, Private Pool
  • Primary Object Modification Timestamp: 2018-04-09
  • Spa Construction: In Ground
  • Mello Roos: Unknown
  • View Type: Canyon View, City Lights View, Mountain View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1976

Interior Features

  • Bathroom Features: Bidet, Double Shower, Tub With Jets
  • Appliances: Cooktop - Gas, Microwave
  • Advertising Remarks: Large home high up in desirable Cathedral City Cove perched above neighboring properties with sweeping views of the mountains AND with a detached casita. This place has it all with owned solar, a pool, spa, amazing privacy and a 3 car garage. Owner spent
  • Total Bedrooms: 5
  • Builders Tract Code: 7380
  • Builders Tract Name: CATHEDRAL CITY COVE
  • Fireplace: Yes
  • Levels: Multi Levels
  • Spa: Yes
  • Fireplace Rooms: Guest House, Master Bedroom
  • Appliances: Dishwasher, Dryer, Gas Or Electric Dryer Hookup, Refrigerator, Washer
  • Floor Material: Carpet, Ceramic Tile
  • Kitchen Features: Formica Counters
  • Laundry: Laundry Area
  • Pool: Yes

Exterior Features

  • View: Yes
  • Lot Size Sq Ft: 14810
  • Common Walls: Detached/No Common Walls
  • Construction: Stucco
  • Other Structures: GuestHouse
  • Patio: Covered Porch, Deck(s)
  • Fence: Block Wall
  • Roofing: Concrete Tile
  • Water: District/Public

Garage/Parking

  • Garage Spaces: 3.0
  • Total Parking Spaces: 4
  • Parking Features: Circular Driveway
  • Parking Type: Above Street Level Parking, Garage - Three Door, Garage Is Detached

Utilities

  • Sewer: Connected on Bond
  • Sprinklers: Sprinkler System
  • Cooling Type: Air Conditioning, Swamp Cooler(s), Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • 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

Closed on
Oct 22, 2019
Sold by
Blanco Orlando
Bought by
Philbeck Michael D
Current Estimated Value
$871,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$175,981
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$696,116

Purchase Details

Listed on
Jan 5, 2018
Closed on
Feb 8, 2018
Sold by
Tunis Bruce C
Bought by
Philbeck Michael D
Seller's Agent
Tom Powell
Bennion Deville Homes
Buyer's Agent
Marc Lange
Equity Union
List Price
$525,000
Sold Price
$509,000
Premium/Discount to List
-$16,000
-3.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%

Purchase Details

Listed on
Jul 25, 2012
Closed on
Feb 15, 2013
Sold by
Sherman Paul E and Mallery Craig S
Bought by
Tunis Bruce C
Seller's Agent
Lonnie Montemayor
Keller Williams Luxury Homes
Buyer's Agent
Bob Crebo
Bennion Deville Homes
List Price
$389,000
Sold Price
$299,000
Premium/Discount to List
-$90,000
-23.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.11%

Purchase Details

Closed on
Feb 6, 2001
Sold by
Garber John D and Garber Clare C
Bought by
Sherman Paul E and Mallery Craig S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,974
Interest Rate
7.19%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 19, 2000
Sold by
Rowland Ann Mary
Bought by
Garber John D and Garber Clare C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,974
Interest Rate
7.19%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 3, 1997
Sold by
Garber John D and Garber Clare C
Bought by
Rowland Ann Mary and Garber John D

Purchase Details

Closed on
Aug 8, 1997
Sold by
Rowland Ann and Rowland Ann Mary
Bought by
Rowland Ann Mary and Garber John D

Purchase Details

Closed on
Jul 3, 1997
Sold by
Gervasi James A and Gervasi Dienna M
Bought by
Rowland Ann Mary and Garber John D
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Philbeck Michael D -- Fidelity National Title Co
Philbeck Michael D -- Fidelity National Title Co
Philbeck Michael D $509,000 Orange Coast Title
Tunis Bruce C $299,000 Orange Coast Title Co
Sherman Paul E $270,000 Chicago Title Co
Garber John D -- Chicago Title Co
Rowland Ann Mary -- Lawyers Title Company
Rowland Ann Mary -- Lawyers Title Company
Rowland Ann Mary -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Philbeck Michael D $100,000
Open Philbeck Michael D $200,000
Previous Owner Philbeck Michael D $400,000
Previous Owner Sherman Paul E $384,000
Previous Owner Sherman Paul E $200,000
Previous Owner Sherman Paul E $319,000
Previous Owner Sherman Paul E $275,000
Previous Owner Sherman Paul E $275,000
Previous Owner Sherman Paul E $45,000
Previous Owner Sherman Paul E $231,974
Closed Sherman Paul E $28,996
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2018 04/03/18 Sold $509,000 -3.0% $164 / Sq Ft
02/04/2018 02/04/18 Pending -- -- --
11/18/2017 11/18/17 For Sale $525,000 +75.6% $170 / Sq Ft
03/15/2013 03/15/13 Sold $299,000 0.0% $96 / Sq Ft
03/12/2013 03/12/13 Pending -- -- --
10/19/2012 10/19/12 Price Changed $299,000 -6.0% $96 / Sq Ft
09/07/2012 09/07/12 Price Changed $318,000 +6.4% $103 / Sq Ft
07/29/2012 07/29/12 Price Changed $299,000 -23.1% $96 / Sq Ft
07/25/2012 07/25/12 For Sale $389,000 -- $126 / 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 $9,177 $579,149 $182,050 $397,099
2023 $9,177 $556,662 $174,982 $381,680
2022 $9,252 $545,748 $171,551 $374,197
2021 $9,214 $535,048 $168,188 $366,860
2020 $8,717 $529,563 $166,464 $363,099
2019 $8,583 $519,180 $163,200 $355,980
2018 $6,136 $323,591 $119,045 $204,546
2017 $5,822 $317,247 $116,711 $200,536
2016 $5,693 $311,027 $114,423 $196,604
2015 $5,544 $306,356 $112,705 $193,651
2014 $5,507 $300,357 $110,499 $189,858
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Tom Powell

    Bennion Deville Homes

    Section Image

  • N

    Seller Co-Listing Agent in 2018

    NonMember AgentDefault

    NonMember OfficeDefault

  • Marc Lange

    Buyer's Agent in 2018

    Marc Lange

    Equity Union

    (760) 834-5484

    1 in this area

    137 Total Sales

    Marc Lange
    Section Image

  • B

    Buyer Co-Listing Agent in 2018

    Billy Meraz

    Windermere Real Estate

    (760) 834-7500

    24 Total Sales

    Billy Meraz
    Section Image

  • L

    Seller's Agent in 2013

    Lonnie Montemayor

    Keller Williams Luxury Homes

  • B

    Buyer's Agent in 2013

    Bob Crebo

    Bennion Deville Homes

See All Agents

Map

Source: Palm Springs Regional Association of Realtors

MLS Number: 17-298040PS

APN: 686-212-007

California Riverside County Cathedral City 92234 Cathedral City Cove

38895 Paradise Way, Cathedral City, CA

This home is located at 38895 Paradise Way, Cathedral City, CA 92234 since 05 January 2018 and is currently estimated at $871,966, approximately $281 per square foot. This property was built in 1976. 38895 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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