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29597 E Trancas Drive, Cathedral City, California 92234, Cathedral City, 92234 - 2 bed, 3 bath

29597 E Trancas Drive, Cathedral City, California 92234 home-pic-0
ACTIVE$419,000$1,576/sqft
Est. Value: $433,505
3%
BelowEstimate
29597 E Trancas Drive, Cathedral City, California 92234
2Beds
3Baths
1,576Sqft
6,534Lot

Price Vs. Estimate

The estimated value ($433,505.435) is $14,505.435 (3%) higher than the list price ($419,000). This property may be underpriced.

Key pros and cons

Top Pros:
Private Pool & Spa with Premium Views: The property boasts a private pool and spa, offering stunning west-facing views of the golf course, San Jacinto Mountains, and picturesque sunsets from the patio.
Top Cons:
Leasehold Ownership Structure: The property is on leased land, meaning the buyer owns the improvements but not the land itself, which can impact financing options, long-term equity growth, and resale marketability compared to fee simple ownership.

Compared to the nearby listings

Price:$419.0K vs avg $545.0K ($-126,000)8%
Size:1,576 sqft vs avg 1,789 sqft33%
Price/sqft:$266 vs avg $30820%

More Insights

Built in 1990 (36 years old).
Condition: The property was built in 1990, making it 34 years old. While recent updates include new carpet and a new GE refrigerator, the kitchen features dated light wood cabinets and countertops. The bathrooms are significantly outdated, characterized by pink tiled countertops, shower surrounds, and 80s/90s style light fixtures. The home is well-maintained and functional, but key areas like the kitchen and bathrooms require substantial cosmetic updates to meet current standards, and major systems may be nearing the end of their lifespan.
Year Built
1990
Close
-
List price
$419K
Original List price
$419K
Price/Sqft
$266
HOA
$995
Days on market
-
Sold On
-
MLS number
219141220DA
Home ConditionFair
Features
Excellent View: Golf Course, Mountain(s), Pool
Pool
Spa
Patio
ViewGolf Course,Mountain(s),Pool

About this home

POOL/SPA VILLA - Beautiful sparkling pool and spa with a backdrop of Vista 2 fairway and San Jacinto Mountains! West-facing view with amazing sunsets, all from your private patio. The new carpet has just been installed. New GE fridge. being installed in February. Nicely furnished with a master ensuite down and a master ensuite up. Small balcony on the upstairs master for a glass of wine and to stargaze at night. Large patio decking around the pool for family and friends to gather. This home features leased Solar to lower your electric bill!Monthly Ground Rent $181.09, Land Lease EXTENDED to 2069! HOA dues include: 2 DVR or HD cable boxes and service, high-speed internet, grounds maintained to your door by HOA maintenance crews, outside pest control when requested, and outside water. Gated community with 24-hour guarded gate access and regular patrols for added safety and security, health and fitness center membership, tennis, bocce ball, and pickleball courts. Discounts and preferred tee-times for owners at the Desert Princess 27-hole PGA Championship golf course, no initiation fees, rated among the best in the valley by Golf Digest. Don't miss the opportunity to live in luxury with every modern comfort at your fingertips.

H
Holly Tait Markas
Listing Agent

Nearby schools

5/10
Landau Elementary School
Public,•K-5•0.4mi
4/10
Agua Caliente Elementary School
Public,•K-5•1.0mi
6/10
Rio Vista Elementary School
Public,•K-5•1.3mi
5/10
James Workman Middle School
Public,•6-8•2.0mi
6/10
Cathedral City High School
Public,•9-12•2.6mi
4/10
Desert Learning Academy
Public,•K-12•2.9mi

Price History

Date
Event
Price
01/09/96
Sold
$138,000
Condition Rating
Fair
The property was built in 1990, making it 34 years old. While recent updates include new carpet and a new GE refrigerator, the kitchen features dated light wood cabinets and countertops. The bathrooms are significantly outdated, characterized by pink tiled countertops, shower surrounds, and 80s/90s style light fixtures. The home is well-maintained and functional, but key areas like the kitchen and bathrooms require substantial cosmetic updates to meet current standards, and major systems may be nearing the end of their lifespan.
Pros & Cons

Pros

Private Pool & Spa with Premium Views: The property boasts a private pool and spa, offering stunning west-facing views of the golf course, San Jacinto Mountains, and picturesque sunsets from the patio.
Comprehensive HOA Amenities & Services: Residents benefit from an extensive HOA package including 24/7 guarded gate security, high-speed internet, cable, grounds maintenance, pest control, and access to a health/fitness center, tennis, bocce ball, pickleball courts, and golf course privileges.
Energy Efficiency with Leased Solar: Equipped with leased solar panels, the home offers significant savings on electricity bills, enhancing its long-term affordability and environmental appeal.
Dual Master Suites & Furnished: Featuring two master en-suites (one on each level) and being nicely furnished, the property provides versatile living arrangements, immediate move-in readiness, and potential for rental income.
Extended Land Lease & Low Ground Rent: The land lease is extended until 2069, offering long-term tenure, and the monthly ground rent of $181.09 is relatively low for a leasehold property, making it an attractive option within its category.

Cons

Leasehold Ownership Structure: The property is on leased land, meaning the buyer owns the improvements but not the land itself, which can impact financing options, long-term equity growth, and resale marketability compared to fee simple ownership.
High Monthly Association Fees: Despite the comprehensive services included, the monthly HOA fee of $995 is substantial and represents a significant ongoing cost for the homeowner.
Potential for System Updates: Built in 1990, while some cosmetic updates are noted, major systems (e.g., HVAC, water heater, roof) may be original or nearing the end of their lifespan, potentially requiring future capital expenditure.
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