NOT LISTED FOR SALE

68075 Risueno Rd Cathedral City, CA 92234

Panorama Neighborhood

Estimated Value: $401,000 - $533,000

6 Beds
2 Baths
1,650 Sq Ft
$288/Sq Ft Est. Value

Last Sold December 17, 2015

Last sale price $257,000 $156 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $2,924/month

14 Days on Market

Highlights

  • Corner Lot
  • 1-Story Property
  • Forced Air Heating and Cooling System
  • Views

About This Home

As of December 2015

Great Panorama neighborhood location. Two 3 bedroom detached houses on a lot. This is a good set up for two families or live in one and rent the other to cover most of your mortgage payment. Owner just spent $1,000's on repairs, painting, dual pane windows, etc. Two 1 Car Garages and lots of parking space for extra vehicles or RV. Walled/Fenced on 3 sides, you could make this a private compound. Each unit has it's own interior laundry room.

Last Agent to Sell the Property

Gary Anderson

License #00873508 Listed on: 12/01/2015

Last Buyer's Agent

Bridget Kraychir

HK Lane Real Estate License #01246066

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 9,148 Sq Ft Lot
  • Corner Lot
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,650 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Property Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 675272001

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Panorama Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $22,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Price Per Unit: 132500.00
  • List Price per Sq Ft: 160.61
  • Lp Sp Ratio: 0.9698
  • Water District Name: Coachella Valley
  • Year Built: 1961
  • Internal Listing I D: 20190608184718285616000000
  • Listing I D: 215038344
  • Listing Office Address: 69730 Hwy 111, #112, Rancho Mirage, CA 92270
  • Listing Office Fax: (760) 770-2955
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 69730 Hwy 111, #112, Rancho Mirage, CA 92270
  • Selling Office Fax: (760) 770-2955
  • Land Type: Fee
  • Subdivision: Panorama
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Estimated Sq Ft: 1650.00
  • Windows Treatments: Blinds

Exterior Features

  • Roofing: Composition, Shingle
  • Foundation: Slab
  • View: Yes

Garage/Parking

  • Parking Info Total Garage Spaces: 2.00
  • Parking Info Total Parking Spaces: 6.00

Utilities

  • TV Svcs: Cable TV
  • Number Electric Meters: 2
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Wall/Window Unit(s), Evaporative Cooling
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Unknown
  • Water: Water District
  • Water Heater Feature: Gas
  • Number Gas Meter: 2
  • Water Heater: Yes
  • Laundry Type: Yes

Condo/Co-op/Association

  • Unit Location: Ground Floor

Lot Info

  • Assessor Parcel Number: 675272001
  • Lot Description: Level, Street Public, Street Paved, Sidewalks, Rectangular Lot
  • Lot Location: Corner Lot
  • Lot Size: 9148.00

Rental Info

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

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Palm Springs Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2019
Sold by
Yero Rosendo Miguel and Yero Olga Lydia
Bought by
Yero Rosendo M and Yero Olga L
Current Estimated Value
$475,119

Purchase Details

Listed on
Dec 1, 2015
Closed on
Oct 19, 2015
Sold by
Infinity Palm Springs Llc
Bought by
Yero Rosendo Miguel and Yero Olga Lydia
Seller's Agent
Gary Anderson
Buyer's Agent
Bridget Kraychir
HK Lane Real Estate
List Price
$265,000
Sold Price
$257,000
Premium/Discount to List
-$8,000
-3.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.17%
Original Mortgage
$148,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 11, 2013
Closed on
Feb 6, 2013
Sold by
Desert Ranger Construction Inc
Bought by
Infinity Palm Springs
Seller's Agent
Katherine Collier
HK Lane Real Estate
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$179,900
Sold Price
$174,000
Premium/Discount to List
-$5,900
-3.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.72%

Purchase Details

Closed on
Dec 1, 2010
Sold by
Desert Ranger Construction Inc
Bought by
Desert Ranger Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2010
Sold by
Citibank Na
Bought by
Desert Ranger Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2010
Sold by
Enriquez Margaret
Bought by
Citibank Na

Purchase Details

Closed on
May 4, 2006
Sold by
Enriquez Jose J
Bought by
Enriquez Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2006
Sold by
Mishriki Joseph and Yacoub Peter
Bought by
Pnj Holding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2006
Sold by
Pnj Holding Llc
Bought by
Enriquez Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2004
Sold by
Mishriki Joseph
Bought by
Mishriki Joseph and Yacoub Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,400
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 2004
Sold by
Pape Kathleen A
Bought by
Mishriki Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,400
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 2004
Sold by
Pape Philip G
Bought by
Pape Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,400
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 8, 2000
Sold by
Romans Ernest L and Romans Pauline
Bought by
Pape Kathleen A and Pape Philip G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,100
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 1998
Sold by
Romans Ernest L and Romans Pauline Pauline
Bought by
Romans Ernest L and Romans Pauline
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Yero Rosendo M -- None Available
Yero Rosendo Miguel $245,000 Equity Title Company
Infinity Palm Springs $174,000 Lawyers Title
Desert Ranger Construction Inc -- None Available
Desert Ranger Construction Inc $128,000 None Available
Citibank Na $115,000 Accommodation
Enriquez Margaret -- Stewart Title Riverside
Pnj Holding Llc -- Stewart Title Riverside
Enriquez Margaret $390,000 Stewart Title Riverside
Mishriki Joseph -- --
Mishriki Joseph $185,000 Orange Coast Title Co
Pape Kathleen A -- Orange Coast Title Co
Pape Kathleen A $159,000 Orange Coast Title
Romans Ernest L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yero Rosendo Miguel $148,000
Previous Owner Desert Ranger Construction Inc $65,000
Previous Owner Pnj Holding Llc $312,000
Previous Owner Enriquez Margaret $312,000
Previous Owner Mishriki Joseph $166,400
Previous Owner Pape Kathleen A $143,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2015 12/17/15 Sold $257,000 -3.0% $156 / Sq Ft
12/15/2015 12/15/15 Pending -- -- --
12/01/2015 12/01/15 For Sale $265,000 +52.3% $161 / Sq Ft
02/12/2013 02/12/13 Sold $174,000 -3.3% $105 / Sq Ft View Prior Sale
02/11/2013 02/11/13 Pending -- -- --
01/11/2013 01/11/13 For Sale $179,900 -- $109 / Sq Ft
Source: California Desert Association of REALTORS®

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 $5,102 $290,021 $58,000 $232,021
2023 $5,102 $278,761 $55,749 $223,012
2022 $4,876 $273,296 $54,656 $218,640
2021 $4,696 $267,938 $53,585 $214,353
2020 $4,464 $265,192 $53,036 $212,156
2019 $4,360 $259,994 $51,997 $207,997
2018 $4,309 $254,897 $50,979 $203,918
2017 $4,224 $249,900 $49,980 $199,920
2016 $4,113 $245,000 $49,000 $196,000
2015 $3,218 $178,280 $35,860 $142,420
2014 $3,180 $174,789 $35,158 $139,631
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    Gary Anderson

  • B

    Buyer's Agent in 2015

    Bridget Kraychir

    HK Lane Real Estate

  • K

    Seller's Agent in 2013

    Katherine Collier

    HK Lane Real Estate

  • O

    Buyer's Agent in 2013

    Out Side Agent

    Desert Real Estate Consultants, Inc.

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 215038344

California Desert Association of REALTORS®

APN: 675-272-001

California Riverside County Cathedral City 92234 Panorama

68075 Risueno Rd, Cathedral City, CA

Not Listed for Sale

MultiFamily

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