NOT LISTED FOR SALE

68070 Risueno Rd Cathedral City, CA 92234

Panorama Neighborhood

Estimated Value: $463,831 - $809,000

8 Beds
4 Baths
3,300 Sq Ft
$184/Sq Ft Est. Value

Sale Details

Date Sold: August 22, 2017

Last sale price $479,000 $145 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,947 / mo

64 Days on Market

Highlights

  • In Ground Pool
  • Traditional Architecture
  • Views
  • 17,064 Sq Ft lot
  • Corner Lot
  • Forced Air Heating and Cooling System

About This Home

As of August 2017

Wonderful opportunity for an investor looking for UPSIDE! Long history of solid tenants and good income. Selling the combined properties of 68070 & 68080 Risueno Rd. This give you four 2ba / 1ba units shared between the two lots, with central beautifully maintained swimming pool. Each unit has separate metered gas and electric. Tentants pay for everything except for water and trash. Drive by to take a look (do not disturb occupants please). A super investment awaits!

Last Agent to Sell the Property

Shane Zuspan

Fathom Realty Group Inc. License #01456738 Listed on: 06/01/2017

Last Buyer's Agent

Shane Zuspan

Tarbell REALTORS

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 17,064 Sq Ft Lot
  • Fenced
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage

Home Design

  • 3,300 Sq Ft Home
  • Traditional Architecture

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Property is located within a water district

Additional Features

  • In Ground Pool
  • Ground Level
  • Property Views

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for water, pool service
  • Assessor Parcel Number 675253031

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Panorama Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0.39 Acres

Listing Details

  • Property Type: Residential Income
  • Levels: Ground, Ground Level, No Unit Above
  • Price Per Unit: 119750.00
  • Building Style: Traditional
  • Included In Sale: Stove in each unit
  • List Price per Sq Ft: 145.15
  • Lp Sp Ratio: 1.0000
  • Year Built: 1961
  • Internal Listing I D: 20190608184750581298000000
  • Listing I D: 217015744
  • Listing Office Address: 24800 Chrisanta Dr Suite 140, Mission Viejo, CA 92691
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 24800 Chrisanta Dr Suite 140, Mission Viejo, CA 92691
  • Land Type: Fee
  • Subdivision: Panorama
  • Unit Information Number Of Units Leased: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Estimated Sq Ft: 3300.00

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Location: Private
  • View: Yes

Garage/Parking

  • Parking Info Total Garage Spaces: 4.00
  • Parking Info Total Parking Spaces: 8.00

Utilities

  • Number Electric Meters: 4
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Evaporative Cooling, Central Air
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Number Gas Meter: 4

Lot Info

  • Assessor Parcel Number: 675253031
  • Lot Description: Fenced, Sidewalks, Street Paved
  • Lot Location: Corner Lot
  • Lot Size: 17064.00

Rental Info

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

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Units: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2021
Sold by
Triwest Homes I
Bought by
Current Estimated Value
$607,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Outstanding Balance
$547,010
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$60,698

Purchase Details

Listed on
Jun 1, 2017
Closed on
Aug 3, 2017
Sold by
Avila Maria
Bought by
Triwest Homes I Lp
Seller's Agent
Shane Zuspan
Fathom Realty Group Inc.
Buyer's Agent
Shane Zuspan
Tarbell REALTORS
List Price
$499,000
Sold Price
$479,000
Premium/Discount to List
-$20,000
-4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.66%
Original Mortgage
$456,000
Interest Rate
3.96%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 14, 1999
Sold by
Kendall Doug A
Bought by
Avila Luis N and Avila Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,704
Interest Rate
7.83%
Mortgage Type
FHA
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Panorama, CA

  • Richard Martin Real Estate Agent - Richard Martin Realty

    Richard Martin

    Richard Martin Realty

    (760) 349-7280

    33 Total Sales

    1 in Panorama

    $525,000 Price

    Richard Martin
     Section Image
  • Leonardo Montenegro Real Estate Agent - Keller Williams Luxury Homes

    Leonardo Montenegro

    Keller Williams Luxury Homes

    (760) 548-4123

    130 Total Sales

    6 in Panorama

    $525K - $625K Price Range

    Leonardo Montenegro
     Section Image
  • Nathalie Marles Real Estate Agent - Berkshire Hathaway HomeServices Crest Real Estate

    Nathalie Marles

    Berkshire Hathaway HomeServices Crest Real Estate

    (747) 223-7083

    70 Total Sales

    1 in Panorama

    $425,000 Price

    Nathalie Marles
     Section Image
  • Anthony Maio Real Estate Agent - Bennion Deville Homes

    Anthony Maio

    Bennion Deville Homes

    (442) 241-0372

    91 Total Sales

    2 in Panorama

    $512,000 Price Range

    Anthony Maio
     Section Image
  • Jason Allen Real Estate Agent - Keller Williams Luxury Homes

    Jason Allen

    Keller Williams Luxury Homes

    (760) 340-7110

    59 Total Sales

    2 in Panorama

    $512,000 Price Range

    Jason Allen
     Section Image
  • Justin Caudillo Real Estate Agent - HomeSmart Realty West

    Justin Caudillo

    HomeSmart Realty West

    (951) 848-5281

    277 Total Sales

    2 in Panorama

    $395,000 Price Range

    Justin Caudillo
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$850,000 Chicago Title
Triwest Homes I Lp $479,000 Orange Coast Title Company
Avila Luis N $195,000 Orange Coast Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $615,000
Previous Owner Triwest Homes I Lp $442,500
Previous Owner Triwest Homes I Lp $456,000
Previous Owner Avila Luis N $133,300
Previous Owner Avila Luis N $150,000
Previous Owner Avila Luis N $193,704
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/22/2017 08/22/17 Sold $479,000 -4.0% $145 / Sq Ft
08/04/2017 08/04/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $499,000 -- $151 / Sq Ft
Source: California Desert Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $7,125 $465,443 $129,890 $335,553
2025 $7,125 $456,318 $127,344 $328,974
2023 $7,150 $438,600 $122,400 $316,200
2022 $7,224 $430,000 $120,000 $310,000
2021 $4,763 $251,756 $50,456 $201,300
2020 $4,521 $249,175 $49,939 $199,236
2019 $4,402 $244,290 $48,960 $195,330
2018 $4,331 $239,500 $48,000 $191,500
2017 $2,914 $129,101 $26,476 $102,625
2016 $2,841 $126,570 $25,957 $100,613
2015 $2,756 $124,670 $25,568 $99,102
2014 $2,536 $122,229 $25,068 $97,161
Source: Public Records

Agents Affiliated with this Home

  • SZ

    Seller's Agent in 2017

    Shane Zuspan

    Fathom Realty Group Inc.

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 217015744

California Desert Association of REALTORS®

APN: 675-253-031

California Riverside County Cathedral City 92234 Panorama

68070 Risueno Rd, Cathedral City, CA

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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