NOT LISTED FOR SALE

68571 Grove St Cathedral City, CA 92234

Downtown Cathedral City Neighborhood

Estimated Value: $394,088 - $570,000

5 Beds
5 Baths
2,000 Sq Ft
$244/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $270,000 $135 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,326/month

92 Days on Market

Highlights

  • Mountain View
  • Central Air
  • 4-minute walk to Town Square Park
  • Ceramic Tile Flooring

About This Home

As of August 2020

Unique 3 unit Income Property for Sale !! Looking for Income property here it is? This property boast 3 separate Structures with great income and future possibilities. There are Two 1 bedroom 1 Bath Villas that are just under 600 sqft and a 3 bedroom 2 bath just under 1000sqft. Here is you chance to own a great rental property in an up-in-coming area. Wow ! New Casino is being built right around the corner !!!

Last Agent to Sell the Property

James Guillermo

Windermere Homes & Estates License #01483719 Listed on: 05/31/2020

Last Buyer's Agent

James Guillermo

Coldwell Banker Residential Brokerage License #01483719

Coldwell Banker Residential Brokerage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,647

Year Built

  • Built in 1935

Lot Details

  • 8,712

Interior Spaces

  • 2,000 Sq Ft Home
  • Ceramic Tile Flooring
  • Mountain Views

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 6 Car Parking Spaces
  • 6 Parking Garage Spaces

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window

Additional Features

  • 8,712 Sq Ft Lot
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 687197017

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Cathedral City Cove Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,647

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Attached/Detached: No
  • Levels: Ground
  • List Price per Sq Ft: 199.50
  • Lp Sp Ratio: 0.6800
  • View Type: Mountain(s)
  • Year Built: 1935
  • Internal Listing I D: 20200530180012630677000000
  • Listing I D: 219043741
  • Listing Office Address: 73-725 El Paseo Dr., Ste 23A, Palm Desert, CA 92260
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 73-725 El Paseo Dr., Ste 23A, Palm Desert, CA 92260
  • Land Type: Fee
  • Subdivision: Cathedral City Cove
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Total Bedrooms: 5
  • One Quarter Bathrooms: 1.00
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Estimated Sq Ft: 2000.00

Exterior Features

  • View: Yes

Garage/Parking

  • Parking Info Total Parking Spaces: 6.00
  • Total Uncovered Assigned Spaces: 6.00

Utilities

  • Number Electric Meters: 3
  • Number Water Meters: 3
  • Cooling Type: Air Conditioning, Wall/Window Unit(s)
  • Sewer: In, Connected and Paid
  • Number Gas Meter: 3

Lot Info

  • Assessor Parcel Number: 687197017
  • Lot Size: 8712.00

Rental Info

  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2020
Closed on
Aug 26, 2020
Sold by
Gonzalez James
Bought by
Leanos Raul
Seller's Agent
James Guillermo
Windermere Homes & Estates
Buyer's Agent
James Guillermo
Coldwell Banker Residential Brokerage
List Price
$399,000
Sold Price
$270,000
Premium/Discount to List
-$129,000
-32.33%
Current Estimated Value
$487,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,022
Avg. Annual Appreciation
11.64%
Original Mortgage
$202,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2006
Sold by
Gonzalez Samuel M and Gonzalez Enriqueta
Bought by
Gonzalez Samuel M and Gonzalez Enriquetta
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
Leanos Raul $270,000 Fidelity National Title Co
Gonzalez Samuel M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leanos Raul $280,000
Closed Leanos Raul $202,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $270,000 -32.3% $135 / Sq Ft
05/31/2020 05/31/20 For Sale $399,000 -- $200 / 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 $7,647 $557,448 $27,060 $530,388
2023 $7,647 $280,908 $26,010 $254,898
2022 $7,528 $275,400 $25,500 $249,900
2021 $7,379 $270,000 $25,000 $245,000
2020 $6,437 $211,140 $61,200 $149,940
2019 $4,319 $45,126 $8,574 $36,552
2018 $4,239 $44,242 $8,407 $35,835
2017 $4,186 $43,376 $8,243 $35,133
2016 $4,143 $42,527 $8,082 $34,445
2015 $4,101 $41,890 $7,961 $33,929
2014 $4,082 $41,071 $7,806 $33,265
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    James Guillermo

    Windermere Homes & Estates

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 219043741

California Desert Association of REALTORS®

APN: 687-197-017

California Riverside County Cathedral City 92234 Downtown Cathedral City

68571 Grove St, Cathedral City, CA

This home is located at 68571 Grove St, Cathedral City, CA 92234 since 31 May 2020 and is currently estimated at $487,022, approximately $243 per square foot. This property was built in 1935. 68571 Grove St 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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