NOT LISTED FOR SALE

68080 Tortuga Rd Cathedral City, CA 92234

Panorama Neighborhood

Estimated Value: $385,000 - $525,000

4 Beds
2 Baths
1,650 Sq Ft
$276/Sq Ft Est. Value

Last Sold May 23, 2019

Last sale price $300,000 $182 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,839/month

126 Days on Market

Highlights

  • Heated In Ground Pool
  • Views
  • Central Heating

About This Home

As of May 2019

Renovated Duplex in Premium Area of North Cathedral City. Primarily single family home area. No deferred maintenance. Beautiful Kitchens and Baths...Tile Flooring. Beautiful Pool in center of lot with Unit A in front and Unit B in the rear. Great tenants to have or Idea residence for an owner who wants to live here. Close to I-10 but no traffic noise.

Last Agent to Sell the Property

Jeannie Niles

Jeannie Niles Real Estate License #00594402 Listed on: 12/09/2018

Last Buyer's Agent

Out Side Agent

Desert Real Estate Consultants, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,841 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • 1,650 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Pool

  • Heated In Ground Pool
  • Outdoor Pool

Utilities

  • Central Heating
  • Heating System Uses Natural Gas

Additional Features

  • Property Views

Listing and Financial Details

  • The owner pays for gardener, pool service, water
  • Assessor Parcel Number 675233030

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 $22,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Ground Level, No Unit Above
  • Price Per Unit: 164450.00
  • Builders Tract Code: Panorama
  • List Price per Sq Ft: 199.33
  • Lp Sp Ratio: 0.9121
  • Year Built: 1961
  • Internal Listing I D: 20190608184822156769000000
  • Listing I D: 218034470
  • Listing Member Address: P.O. Box 317, Palm Desert, CA 92261
  • Listing Office Address: P.O. Box 317, Palm Desert, CA 92261
  • Listing Office Fax: (760) 340-9069
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: No Office Address, unassigned zip code, CA 99999
  • Selling Office Address: No Office Address, unassigned zip code, CA 99999
  • Selling Office Fax: (760) 999-9999
  • Land Type: Fee
  • Subdivision: Panorama
  • Unit Information Number Of Units Leased: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Of Disposals: 2
  • Number of Ranges: 2
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Estimated Sq Ft: 1650.00

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Not Heated
  • Pool Location: Private
  • View: Yes
  • Numberof Patios: 2

Garage/Parking

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

Utilities

  • Number Electric Meters: 2
  • Number Water Meters: 1
  • Heating: Central
  • Heating Fuel: Natural Gas
  • Sewer: In, Connected and Paid
  • Number Gas Meter: 2
  • Laundry Type: Yes

Lot Info

  • Assessor Parcel Number: 675233030
  • Lot Size: 7841.00

Rental Info

  • Owner Pays: Gardener, Pool Service, Water
  • Land Lease Type: Fee Simple

Multi Family

  • Number Of Dishwashers: 2
  • Number Of Refrigerators: 2
  • Total Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2018
Closed on
Apr 15, 2019
Sold by
Kim Minhee Amy and Kim Tae Hyung
Bought by
George Paul All Brokers Group Inc
Seller's Agent
Jeannie Niles
Jeannie Niles Real Estate
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$349,900
Sold Price
$300,000
Premium/Discount to List
-$49,900
-14.26%
Current Estimated Value
$455,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,211
Avg. Annual Appreciation
6.31%

Purchase Details

Closed on
Mar 18, 2005
Sold by
Shipley Frank A and Shipley Estelle A
Bought by
Kim Tae Hyung and Kim Minhee Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,600
Interest Rate
5.92%
Mortgage Type
Commercial
Source: Public Records

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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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
George Paul All Brokers Group Inc $300,000 First American Title Company
Kim Tae Hyung $354,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim Tae Hyung $283,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2019 05/23/19 Sold $300,000 -8.8% $182 / Sq Ft
04/14/2019 04/14/19 Pending -- -- --
03/23/2019 03/23/19 Price Changed $328,900 -6.0% $199 / Sq Ft
03/17/2019 03/17/19 For Sale $349,900 0.0% $212 / Sq Ft
03/12/2019 03/12/19 Pending -- -- --
12/09/2018 12/09/18 For Sale $349,900 0.0% $212 / Sq Ft
01/14/2017 01/14/17 Rented $900 -9.5% --
01/05/2017 01/05/17 Price Changed $995 +10.6% $1 / Sq Ft
10/26/2016 10/26/16 Price Changed $900 -25.0% $1 / Sq Ft
10/04/2016 10/04/16 For Rent $1,200 -- --
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 $5,651 $334,650 $83,661 $250,989
2023 $5,651 $321,657 $80,413 $241,244
2022 $5,424 $315,351 $78,837 $236,514
2021 $5,232 $309,169 $77,292 $231,877
2020 $4,971 $306,000 $76,500 $229,500
2019 $5,099 $319,280 $80,080 $239,200
2018 $4,958 $307,000 $77,000 $230,000
2017 $4,726 $290,000 $60,000 $230,000
2016 $4,051 $240,000 $55,000 $185,000
2015 $3,965 $240,000 $55,000 $185,000
2014 $3,182 $175,000 $45,000 $130,000
Source: Public Records

Agents Affiliated with this Home

  • Jeannie Niles

    Seller's Agent in 2019

    Jeannie Niles

    Jeannie Niles Real Estate

    (760) 574-8456

    15 Total Sales

    Jeannie Niles
    Section Image

  • O

    Buyer's Agent in 2019

    Out Side Agent

    Desert Real Estate Consultants, Inc.

  • J

    Seller's Agent in 2017

    JULIE LEE

    JL Realty & Management

    (213) 321-5855

    64 Total Sales

    JULIE LEE
    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 218034470

California Desert Association of REALTORS®

APN: 675-233-030

California Riverside County Cathedral City 92234 Panorama

68080 Tortuga Rd, Cathedral City, CA

Not Listed for Sale

MultiFamily

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