NOT LISTED FOR SALE

Cathedral City, CA 92234

Whitewater Neighborhood

Estimated Value: $421,000 - $702,000

8 Beds
4 Baths
2,684 Sq Ft
$211/Sq Ft Est. Value

Last Sold February 28, 2013

Last sale price $174,800 $65 Per Sq Ft

Est. 221% increase in value since last sale

Current estimated payment $3,533/month

8 Days on Market

About This Home

As of February 2013

Good opportunity, Two units with 4 bedrooms and 2 bathrooms in each unit. DO NOT DISTURB TENANTS. See private notes. Property sells in present conditions AS IS. Buyer to verify.

Last Agent to Sell the Property

Arman Rasoolian

INNOVATIVE RE SOLUTIONS License #01127690 Listed on: 08/15/2012

Last Buyer's Agent

Cesar Delgadillo

Executive Estate Properties, Inc. License #01863518

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,536

Year Built

  • Built in 1985

Lot Details

  • 8,276

Parking

  • 4 Parking Spaces

Home Design

  • 2,684 Sq Ft Home
  • Contemporary Architecture
  • Stucco

Additional Features

  • 8,276 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Tax Lot 338
  • Assessor Parcel Number 680432019

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $885
  • New Taxes Expense $3,262
  • Gross Income $2,300
  • Net Operating Income $12,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,536

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 7.32
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 680432019
  • Year Built: 1985
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 65.13

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Gross Income: 2300.00
  • Gross Multiplier: 6.33
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 885.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 12800.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7560.00

Tax Info

  • New Taxes Expense: 3262.00
  • Tax Area: 19013
  • Tax Lot: 338

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2015
Sold by
Chaverri Tanya
Bought by
Crans Montana Enterprises Inc
Current Estimated Value
$561,158

Purchase Details

Closed on
Apr 17, 2015
Sold by
Haenel Robert
Bought by
Paredes Giancarlo

Purchase Details

Closed on
Mar 25, 2014
Sold by
Vera Orlando
Bought by
Haenel Robert

Purchase Details

Closed on
Aug 29, 2013
Sold by
Lasheras Mirelle
Bought by
Paredes Giancarlo

Purchase Details

Listed on
Aug 15, 2012
Closed on
Apr 9, 2013
Sold by
Chaverri Tanya
Bought by
Lasheras Mirelle
Seller's Agent
Arman Rasoolian
INNOVATIVE RE SOLUTIONS
Buyer's Agent
Cesar Delgadillo
Executive Estate Properties, Inc.
List Price
$174,800
Sold Price
$174,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.13%

Purchase Details

Listed on
Aug 15, 2012
Closed on
Feb 23, 2013
Sold by
Vera Orlando
Bought by
Chaverri Tanya
Seller's Agent
Arman Rasoolian
INNOVATIVE RE SOLUTIONS
Buyer's Agent
Cesar Delgadillo
Executive Estate Properties, Inc.
List Price
$174,800
Sold Price
$174,800

Purchase Details

Closed on
Dec 5, 2012
Sold by
Paredes Giovanni J and Molina Paredes Aida
Bought by
Chaverri Tanya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
3.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 2012
Sold by
Paredes Giovanni J and Molina Paredes Aida Y
Bought by
Paredes Giovanni J and Molina Paredes Aida Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
3.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 6, 2008
Sold by
Paredes Giovanni J and Molina Paredes Aida Y
Bought by
Paredes Giovanni J and Molina Paredes Aida Y

Purchase Details

Closed on
Oct 10, 2005
Sold by
Stockwell Tracy
Bought by
Paredes Giovanni and Molina Paredes Aida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
5.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2004
Sold by
Aouati Jessica
Bought by
Stockwell Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,500
Interest Rate
5.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 2004
Sold by
Relic John and Relic Dianne
Bought by
Stockwell Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,500
Interest Rate
5.76%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Crans Montana Enterprises Inc $277,000 Accommodation
Paredes Giancarlo -- None Available
Haenel Robert -- None Available
Paredes Giancarlo -- None Available
Lasheras Mirelle -- None Available
Chaverri Tanya -- Title365
Chaverri Tanya $175,000 Title 365
Paredes Giovanni J -- None Available
Paredes Giovanni J -- None Available
Paredes Giovanni $515,000 Lawyers Title Company
Stockwell Tracy -- Old Republic Title Company
Stockwell Tracy $345,000 Old Republic Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chaverri Tanya $117,000
Previous Owner Paredes Giovanni $412,000
Previous Owner Stockwell Tracy $241,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2013 02/28/13 Sold $174,800 0.0% $65 / Sq Ft
08/23/2012 08/23/12 Pending -- -- --
08/15/2012 08/15/12 For Sale $174,800 -- $65 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,536 $327,903 $82,861 $245,042
2023 $5,536 $315,173 $79,645 $235,528
2022 $5,285 $308,994 $78,084 $230,910
2021 $5,093 $302,936 $76,553 $226,383
2020 $4,839 $299,831 $75,769 $224,062
2019 $4,735 $293,953 $74,284 $219,669
2018 $4,618 $288,190 $72,828 $215,362
2017 $4,537 $282,540 $71,400 $211,140
2016 $4,413 $277,000 $70,000 $207,000
2015 $3,128 $178,496 $45,899 $132,597
2014 $3,102 $175,000 $45,000 $130,000
Source: Public Records

Agents Affiliated with this Home

  • Arman Rasoolian

    Seller's Agent in 2013

    Arman Rasoolian

    INNOVATIVE RE SOLUTIONS

    (714) 914-9600

    20 Total Sales

    Section Image

  • C

    Buyer's Agent in 2013

    Cesar Delgadillo

    Executive Estate Properties, Inc.

    (818) 220-9697

    6 Total Sales

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P832714

California Regional Multiple Listing Service (CRMLS)

APN: 680-432-019

California Riverside County Cathedral City 92234

Whitewater

This home since 15 August 2012 and is currently estimated at $565,268, approximately $210 per square foot. This property was built in 1985. This home is a home located in Riverside County with nearby schools including Agua Caliente 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 Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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