35601 Tranquil Place, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath
35601 Tranquil Place
Cathedral City, California 92234
Property Price
SUMMARY
Analysis of 35601 Tranquil Place, Cathedral City, California 92234 reveals a Prime Investment Opportunity with a current list price of $695,000—significantly undercutting the $723,818 Fair Market Value by 3%. This valuation gap indicates a +$28,818 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Cathedral City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 35601 Tranquil Place Subject | $695,000* List Price | 3 | 2 | 2,458 | $294 | - |
A 35853 Canada Circle Sold | $650,000 | 3 | 2 | 2,350 | $277 | 0.1 mi |
B 35070 Maria Road Sold | $605,000 | 3 | 2 | 2,072 | $292 | 0.3 mi |
C 36202 Rancho Aldea Sold | $685,000 | 3 | 3 | 2,421 | $283 | 0.5 mi |
D 35634 Harmony Place Sold | $690,000 | 3 | 3 | 2,475 | $279 | 0.1 mi |
E 35659 Tranquil Pl Sold | $652,000 | 3 | 3 | 2,160 | $302 | 0.0 mi |
F 69411 Camino Bonita Sold | $716,000 | 4 | 4 | 2,619 | $273 | 0.2 mi |
G 35589 35589 Felicity Place Pending | $649,000 List Price | 3 | 2 | 2,207 | $294 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition and has been well-maintained since its construction in 2000. The kitchen and wet bar have been updated with granite countertops and modern stainless steel appliances. The interior features consistent tile flooring, updated light fixtures, and clean bathrooms, meeting the criteria for a well-maintained home that does not require immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Living Space
The generous 2,458-square-foot layout includes a dedicated office and a stylish built-in wet bar, offering exceptional flexibility for remote work and high-end entertaining.
- Modern Interior Upgrades
The home features premium granite countertops and state-of-the-art appliances, ensuring a contemporary and move-in-ready environment for the next owner.
- Enhanced Storage and Parking
A rare three-car garage provides significant added value, offering ample space for multiple vehicles, a home workshop, or extensive additional storage.
CONSRISKS & DEFICIENCIES
- Lack of Existing Pool
While the backyard has room for a pool, the absence of one in the desert climate necessitates a substantial future capital investment and construction period for the buyer.
- Moderate School Ratings
The local middle and elementary schools carry lower ratings (3 and 4 respectively), which may be a deterrent for families prioritizing top-tier educational districts.
About 35601 Tranquil Place
Here is the updated MLS description including Serenity Cove:⸻Welcome to this beautiful 3-bedroom, 2-bath home offering 2458 square feet of thoughtfully designed living space in the desirable Serenity Cove community of Cathedral City. This well-maintained property features state-of-the-art appliances, stunning granite countertops, and an open, functional layout perfect for both everyday living and entertaining.The spacious dining and living areas flow seamlessly and are enhanced by a stylish built-in wet bar -- perfect for hosting gatherings, serving guests, or creating your own private lounge experience at home. A dedicated office provides flexibility for remote work, a hobby space, or additional living needs.Step outside to a serene backyard with ample room to design your dream pool and create the ultimate outdoor retreat. Complete with a three-car garage and located in the peaceful Serenity Cove community, this home offers comfort, style, and convenience all in one.Don't miss this exceptional opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2000
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $164.0 / Month
Neighborhood Insights
Cathedral City Unified Schools
Cathedral City Elementary School
Grades K-5 • 0.1 mi
Nellie N. Coffman Middle School
Grades 6-8 • 0.4 mi
Cathedral City High School
Grades 9-12 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,458 | 1,753.5 | 91% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $695.0K | $545.0K | 85% |
| Price per sq ft | $283 | $309 | 31% |
| Built year | 2000 | 1994 | 62% |
| HOA | $164.0 | $0 | 69% |
| Days on market | 8 | 179 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$695,000
Initial Listing
Sold
Aug 14, 2000
$265,000
Public Record