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67356 S Chimayo Drive, Cathedral City, California 92234, Cathedral City, 92234 - 2 bed, 2 bath

67356 S Chimayo Drive, Cathedral City, California 92234 home-pic-0
ACTIVE$309,500
67356 S Chimayo Drive, Cathedral City, California 92234
2Beds
2Baths
1,212Sqft
1,730Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensive Remodeling & Modern Updates: The condo boasts a beautifully remodeled kitchen with a built-in wine fridge, striking remodeled bathrooms, all tile flooring, and nice furnishings, offering a move-in ready luxury experience.
Top Cons:
Land Lease Structure with Finite Term: The property is subject to a land lease expiring in 2044, which can impact financing options, long-term appreciation potential, and resale value as the lease term continues to shorten.

Compared to the nearby listings

Price:$309.5K vs avg $300.0K (+$9,500)53%
Size:1,212 sqft vs avg 1,212 sqft50%
Price/sqft:$255 vs avg $24954%

More Insights

Built in 1985 (40 years old).
Condition: The property, built in 1985, has undergone significant recent renovations, including a remodeled kitchen with modern white shaker cabinets, black granite countertops, and a mix of stainless and black appliances, along with striking remodeled bathrooms featuring updated vanities, fixtures, and tile work. All tile flooring throughout the unit provides a clean and contemporary feel. Crucially, major systems like the HVAC (3 years old) and hot water tank (3 months old) are virtually new, indicating excellent functional condition. While not a brand-new build, the extensive and recent updates to key areas and systems make this property move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria.
Year Built
1985
Close
-
List price
$310K
Original List price
$348K
Price/Sqft
$255
HOA
$954
Days on market
-
Sold On
-
MLS number
219130913DA
Home ConditionGood
Features
Good View: Golf Course, Mountain(s), Peek-A-Boo
Patio
ViewGolf Course,Mountain(s),Peek-A-Boo

About this home

REDUCED! Welcome to your stunning new home in the heart of Desert Princess located on the Logos 5 green! This beautiful remodeled 2 ensuite condo is designed for those who crave luxury and comfort. Imagine sipping your morning coffee while soaking in the breathtaking views from both the front and back patios. With all tile flooring and a remodeled kitchen, built in wine fridge, you'll feel right at home as you whip up gourmet meals in style. The striking remodeled bathrooms and nice furnishings add the perfect touch of elegance to your living space. HVAC is 3 years old and is a 3.5 ton. Hot water tank is 3 months old. Plus, being located just across from the Arroyo's homes, you'll have easy access to the sparkling pool and scenic walking path, making it perfect for an active and serene lifestyle. And let's not forget the convenience of a single car detached garage! Don't miss out on this incredible opportunity to live in a community that embraces comfort and luxury!Land lease thru 2044, Monthly Ground Rent is $186.54.The Desert Princess has an affordable 27-hole PGA Championship golf course, no Tee-time lotteries, no initiation fees, rated among the best in the valley by GOLF DIGEST. Bocce Ball, tennis and pickleball, we have it all! This quiet community is away from the noise yet minutes from everything that is in Palm Springs; restaurants, shopping, casinos, an international airport, the Tramway, Art Museum, Theaters, and the Street Fair.

Nearby schools

6/10
Rio Vista Elementary School
Public,•K-5•0.8mi
5/10
Landau Elementary School
Public,•K-5•1.1mi
4/10
Agua Caliente Elementary School
Public,•K-5•1.3mi
5/10
James Workman Middle School
Public,•6-8•2.7mi
4/10
Desert Learning Academy
Public,•K-12•2.7mi
6/10
Cathedral City High School
Public,•9-12•3.4mi
Condition Rating
Good
The property, built in 1985, has undergone significant recent renovations, including a remodeled kitchen with modern white shaker cabinets, black granite countertops, and a mix of stainless and black appliances, along with striking remodeled bathrooms featuring updated vanities, fixtures, and tile work. All tile flooring throughout the unit provides a clean and contemporary feel. Crucially, major systems like the HVAC (3 years old) and hot water tank (3 months old) are virtually new, indicating excellent functional condition. While not a brand-new build, the extensive and recent updates to key areas and systems make this property move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria.
Pros & Cons

Pros

Extensive Remodeling & Modern Updates: The condo boasts a beautifully remodeled kitchen with a built-in wine fridge, striking remodeled bathrooms, all tile flooring, and nice furnishings, offering a move-in ready luxury experience.
Prime Golf Course Location & Views: Situated directly on the Logos 5 green, the property offers breathtaking golf course, mountain, and 'peek-a-boo' views from both front and back patios, enhancing its appeal and lifestyle.
Robust Community Amenities: Residents benefit from access to a 27-hole PGA Championship golf course (no initiation fees or tee-time lotteries), bocce ball, tennis, pickleball, sparkling pools, and scenic walking paths within the Desert Princess community.
Recent Major System Upgrades: Key systems like the HVAC (3 years old) and hot water tank (3 months old) have been recently replaced, minimizing immediate maintenance concerns and offering peace of mind to buyers.
Strategic Location & Accessibility: The quiet community provides a serene environment while being minutes away from the vibrant attractions of Palm Springs, including restaurants, shopping, casinos, and the international airport.

Cons

Land Lease Structure with Finite Term: The property is subject to a land lease expiring in 2044, which can impact financing options, long-term appreciation potential, and resale value as the lease term continues to shorten.
High Monthly Carrying Costs: The combined monthly ground rent of $186.54 and a substantial association fee of $954 result in significant recurring expenses, which may be a deterrent for some potential buyers.
Condo Ownership Limitations: As a condominium, the property entails shared walls, common area rules, and potentially less private outdoor space compared to a single-family home, which may not align with all buyer preferences.

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