NOT LISTED FOR SALE

68700 Summit Dr Cathedral City, CA 92234

Downtown Cathedral City Neighborhood

Estimated Value: $2,603,414

-- Bed
-- Bath
7,086 Sq Ft
$367/Sq Ft Est. Value

About This Home

This home is located at 68700 Summit Dr, Cathedral City, CA 92234 and is currently estimated at $2,603,414, approximately $367 per square foot. 68700 Summit Dr is a home located in Riverside County with nearby schools including Cathedral City Elementary School, Nellie N. Coffman Middle School, and Cathedral City High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2025
Sold by
Real Property Trustee Inc
Bought by
Gordon Living Trust and Gordon
Current Estimated Value
$2,603,414

Purchase Details

Closed on
Nov 23, 2020
Sold by
D & K Llc
Bought by
Khachatryan Shahen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2020
Sold by
Iskandaryan Naira
Bought by
Khachatryan Shahen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2016
Sold by
Richardson William D and Richardson Sharon L
Bought by
D & K Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$820,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2000
Sold by
Dan Richardson William and Ly Richardson Sharon
Bought by
Richardson William D and Richardson Sharon L
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Gordon Living Trust $200,000 None Listed On Document
Khachatryan Shahen $1,900,000 Orange Coast Title Company
Khachatryan Shahen -- Orange Coast Title Company
D & K Llc $1,313,000 First American Title Company
Richardson William D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khachatryan Shahen $1,000,000
Previous Owner Khachatryan Shahen $1,100,000
Previous Owner D & K Llc $820,000
Source: Public Records

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 $28,552 $2,500,140 $432,972 $2,067,168
2023 $28,552 $1,976,760 $416,160 $1,560,600
2022 $25,047 $1,938,000 $408,000 $1,530,000
2021 $25,946 $2,010,000 $400,000 $1,610,000
2020 $17,338 $1,393,365 $275,914 $1,117,451
2019 $17,031 $1,366,045 $270,504 $1,095,541
2018 $16,704 $1,339,260 $265,200 $1,074,060
2017 $16,454 $1,313,000 $260,000 $1,053,000
2016 $6,201 $499,313 $130,127 $369,186
2015 $5,971 $491,815 $128,173 $363,642
2014 $5,923 $482,183 $125,663 $356,520
Source: Public Records

Map

California Riverside County Cathedral City 92234 Downtown Cathedral City

68700 Summit Dr, Cathedral City, CA

This home is located at 68700 Summit Dr, Cathedral City, CA 92234 and is currently estimated at $2,603,414, approximately $367 per square foot. 68700 Summit Dr is a home located in Riverside County with nearby schools including Cathedral City 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.

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