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67980 Foothill Road, Cathedral City, California 92234, Cathedral City, 92234 - 5 bed, 5 bath

67980 Foothill Road, Cathedral City, California 92234 home-pic-0
ACTIVE$1,625,000
67980 Foothill Road, Cathedral City, California 92234
5Beds
5Baths
4,149Sqft
16,553Lot

Price Vs. Estimate

The estimated value ($1,349,484.425) is $275,515.575 (16%) lower than the list price ($1,625,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Remodel & Luxury Finishes: The property has undergone a complete remodel, featuring state-of-the-art bathrooms, custom walk-in closets, and a gourmet kitchen with high-end finishes and professional-grade appliances, ensuring a luxurious living experience.
Top Cons:
Significant Price Discrepancy: The current listing price is 16% higher than the estimated property value, which may indicate overpricing and could present a challenge in attracting offers at the asking price.

Compared to the nearby listings

Price:$1.62M vs avg $550.0K (+$1,075,000)100%
Size:4,149 sqft vs avg 1,795 sqft99%
Price/sqft:$392 vs avg $30988%

More Insights

Built in 1999 (26 years old).
Condition: This property, though built in 1999, has undergone a 'completely remodeled' transformation, as explicitly stated and visually confirmed by the images. The kitchen features modern two-tone cabinetry, high-end countertops, and top-of-the-line stainless steel professional-grade appliances, including a gas range and beverage cooler. Bathrooms are described as 'state of the art with only the finest of features,' indicating a recent, high-quality renovation. Throughout the home, modern wood-look flooring, recessed lighting, and contemporary fixtures are evident. The overall aesthetic is fresh, stylish, and meets current quality standards, showing no deferred maintenance and minimal physical depreciation, aligning perfectly with an 'Excellent' condition score due to its extensive recent renovation.
Year Built
1999
Close
-
List price
$1.63M
Original List price
$1.7M
Price/Sqft
$392
HOA
-
Days on market
-
Sold On
-
MLS number
219129666DA
Home ConditionExcellent
Features
Excellent View: Mountain(s), Panoramic, Pool
Pool
Spa
Patio
ViewMountain(s), Panoramic, Pool

About this home

STUNNING REMODELED ESTATE IN THE CATHEDRAL CITY COVE WITH BREATHTAKING VIEWS!Perched at the top of the historic Cathedral City Cove, this completely remodeled 5 bedroom, 4.5 bathroom home (plus a spacious detached 1 bed, 1 bath casita with full kitchenette) offers the perfect blend of luxury, privacy, and investment potential. Every detail of this home has been well thought out including a dedicated space for a home office and leased solar for energy efficiency at an affordable price of only $296 a month. From the moment you step inside, you'll be captivated by the open floor plan and high ceilings with panoramic views of the surrounding mountain range. As you continue on through the expansive sliding glass doors, you will come upon your own private and secluded back patio area with a newly resurfaced pool and spa. Back inside, all bedrooms are generously sized with their own custom built walk in closets. Each bathroom has been designed to be state of the art with only the finest of features to provide maximum comfort. Designed for the discerning chef, the large gourmet kitchen boasts ample cabinet space, high end counter top finishes, and top-of-the-line professional grade appliances, With a lot that is over 16,000 square feet, there is a gated area for RV, boat, or off road vehicle parking with enough additional space for a private garden, meditation retreat, or any personal sanctuary that you may envision. Whether you are looking for a dream home, a vacation retreat, or income generating property, this exceptional residence delivers it all. CALL TODAY FOR YOUR OWN PRIVATE SHOWING. SELLER TO CONTRIBUTE $5,000 TOWARDS CLOSING COSTS WITH AN ACCEPTED OFFER AT THE CLOSE OF ESCROW. WITH ITS RECENT PRICE IMPROVEMENT OF $70,000, THIS HOME IS NOW WELL BELOW MARKET VALUE!

Nearby schools

6/10
Rancho Mirage Elementary School
Public,•K-5•3.5mi
4/10
Cahuilla Elementary School
Public,•K-5•4.8mi
3/10
Nellie N. Coffman Middle School
Public,•6-8•2.9mi
6/10
Cathedral City High School
Public,•9-12•3.2mi
4/10
Desert Learning Academy
Public,•K-12•4.6mi
6/10
Palm Springs High School
Public,•9-12•4.7mi
Condition Rating
Excellent
This property, though built in 1999, has undergone a 'completely remodeled' transformation, as explicitly stated and visually confirmed by the images. The kitchen features modern two-tone cabinetry, high-end countertops, and top-of-the-line stainless steel professional-grade appliances, including a gas range and beverage cooler. Bathrooms are described as 'state of the art with only the finest of features,' indicating a recent, high-quality renovation. Throughout the home, modern wood-look flooring, recessed lighting, and contemporary fixtures are evident. The overall aesthetic is fresh, stylish, and meets current quality standards, showing no deferred maintenance and minimal physical depreciation, aligning perfectly with an 'Excellent' condition score due to its extensive recent renovation.
Pros & Cons

Pros

Extensive Remodel & Luxury Finishes: The property has undergone a complete remodel, featuring state-of-the-art bathrooms, custom walk-in closets, and a gourmet kitchen with high-end finishes and professional-grade appliances, ensuring a luxurious living experience.
Panoramic Mountain Views: Perched at the top of the Cathedral City Cove, the home offers breathtaking panoramic views of the surrounding mountain range, enhancing its aesthetic appeal and desirability.
Detached Casita with Full Kitchenette: A spacious detached 1-bedroom, 1-bathroom casita with a full kitchenette provides excellent flexibility for guest accommodation, multi-generational living, or potential rental income.
Versatile Investment Potential: The property is marketed as suitable for a dream home, a vacation retreat, or an income-generating asset, appealing to a broad range of buyers seeking diverse uses.
Large Lot with RV/Boat Parking: Boasting over 16,000 square feet, the lot includes a gated area specifically for RV, boat, or off-road vehicle parking, along with ample space for additional outdoor amenities.

Cons

Significant Price Discrepancy: The current listing price is 16% higher than the estimated property value, which may indicate overpricing and could present a challenge in attracting offers at the asking price.
Leased Solar System: While offering energy efficiency, the solar system is leased at $296 per month, representing an ongoing financial obligation for the buyer and potentially complicating financing or resale.
Unspecified HVAC System Update: Despite a comprehensive remodel, the description does not explicitly state if the HVAC system, crucial for comfort in the desert climate, has been updated from its 1999 installation, potentially implying an older system or future expense.

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