NOT LISTED FOR SALE

68298 Terrace Rd Cathedral City, CA 92234

Cathedral City Cove Neighborhood

Estimated Value: $706,000 - $886,000

4 Beds
3 Baths
2,053 Sq Ft
$400/Sq Ft Est. Value

Last Sold March 26, 2015

Last sale price $360,000 $175 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $5,259/month

74 Days on Market

Highlights

  • In Ground Pool
  • 2 Car Attached Garage
  • Central Air
  • City Lights View
  • Tile Flooring
  • Ceiling Fan

About This Home

As of March 2015

Awesome mountain, pool and city views make this extra large gated hillside compound an entertainer's dream home. Boasting 4 bedrooms PLUS a den, 3 bathrooms, vaulted ceilings, a sun room and open concept only add to the spaciousness. Inside the front gate you'll enjoy a tranquil courtyard with a fountain and old world charm. The backyard offers another covered patio, pool and those views. A cozy fireplace, tiled flooring throughout, ceiling fans and tasteful decor only add to this home's appeal. If you seek a home with character, this is it. Your guests will never want to leave! Oh, and did we mention, there are NO monthly HOA fees and you own the land? Wow, don't let this one get away. Call to see it today! Buyer to verify all information.

Last Agent to Sell the Property

Steve Stewart

Keller Williams Realty Listed on: 01/10/2015

Last Buyer's Agent

Ken Reiley

HK Lane Real Estate License #00447725

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,826

Year Built

  • Built in 1975

Lot Details

  • 5,227 Sq Ft Lot
  • Hillside Location

Property Views

  • City Lights
  • Mountain
  • Hills
  • Pool

Interior Spaces

  • 2,053 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Tile Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Driveway

Pool

  • In Ground Pool
  • Outdoor Pool

Utilities

  • Central Air
  • Evaporated cooling system

Community Details

  • Cathedral City Cove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 687270021

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,826

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: One
  • Builders Tract Code: Cathedral City Cove
  • Building Number Of Stories: 1
  • List Price per Sq Ft: 184.61
  • Lp Sp Ratio: 0.9499
  • View Type: City, City Lights, Hills, Mountain(s), Pool
  • Year Built: 1975
  • Listing I D: 215000934
  • Listing Member Address: 435 North Palm Canyon, Palm Springs, CA 92262
  • Listing Office Address: 435 North Palm Canyon, Palm Springs, CA 92262
  • Listing Office Fax: (760) 322-9266
  • Selling Member Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Selling Member Fax: (760) 770-9510
  • Selling Office Address: 70005 Mirage Cove Dr, Rancho Mirage, CA 92270
  • Selling Office Fax: (760) 770-9510
  • Land Type: Fee
  • Subdivision: Cathedral City Cove
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Fireplace Features: Gas Log
  • Flooring: Tile
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Estimated Sq Ft: 2053.00

Exterior Features

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

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Driveway
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Cooling Type: Air Conditioning, Ceiling Fan(s), Central Air, Evaporative Cooling

Lot Info

  • Assessor Parcel Number: 687270021
  • Lot Acres: 0.1200
  • Lot Location: Hillside
  • Lot Size: 5227.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2021
Sold by
Peck David Nathaniel and Kelly Raymond Joseph
Bought by
Kelly Raymond J and Peck David N
Current Estimated Value
$821,355

Purchase Details

Closed on
Aug 14, 2020
Sold by
Ulfik Rosemary C and Faragher Thomas E
Bought by
Peck David Nathaniel and Kelly Raymond Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Outstanding Balance
$427,705
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$393,650

Purchase Details

Listed on
Jan 10, 2015
Closed on
Mar 6, 2015
Sold by
Christensen James C
Bought by
Ulfik Rosemary C and Faragher Thomas E
Seller's Agent
Steve Stewart
Keller Williams Realty
Buyer's Agent
Ken Reiley
HK Lane Real Estate
List Price
$395,000
Sold Price
$360,000
Premium/Discount to List
-$35,000
-8.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.20%
Original Mortgage
$323,900
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 1997
Sold by
Bandow Robert D
Bought by
Vaux Lynn T
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
Kelly Raymond J -- None Available
Peck David Nathaniel $625,000 First American Title
Ulfik Rosemary C $360,000 Orange Coast Title Co
Vaux Lynn T $133,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelly-Peck Trust $50,467
Open Peck David Nathaniel $480,000
Previous Owner Ulfik Rosemary C $406,000
Previous Owner Ulfik Rosemary C $323,900
Previous Owner Christensen James C $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2015 04/13/15 Off Market $360,000 -- --
03/26/2015 03/26/15 Sold $360,000 -8.9% $175 / Sq Ft
01/10/2015 01/10/15 For Sale $395,000 -- $192 / Sq Ft
Source: California Desert 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 $9,826 $676,518 $167,776 $508,742
2023 $9,826 $650,250 $161,262 $488,988
2022 $9,929 $637,500 $158,100 $479,400
2021 $9,734 $625,000 $155,000 $470,000
2020 $6,560 $395,612 $98,902 $296,710
2019 $11,153 $387,856 $96,963 $290,893
2018 $11,032 $380,252 $95,062 $285,190
2017 $10,924 $372,798 $93,199 $279,599
2016 $10,774 $365,489 $91,372 $274,117
2015 $4,867 $279,804 $86,997 $192,807
2014 $4,833 $274,325 $85,294 $189,031
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Steve Stewart

    Keller Williams Realty

  • K

    Buyer's Agent in 2015

    Ken Reiley

    HK Lane Real Estate

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 215000934

California Desert Association of REALTORS®

APN: 687-270-021

California Riverside County Cathedral City 92234 Cathedral City Cove

68298 Terrace Rd, Cathedral City, CA

This home is located at 68298 Terrace Rd, Cathedral City, CA 92234 since 10 January 2015 and is currently estimated at $821,355, approximately $400 per square foot. This property was built in 1975. 68298 Terrace Rd 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.

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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