68073 Madrid Road, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath

68073 Madrid Road, Cathedral City, California 92234 home-pic-0
ACTIVE$549,500
68073 Madrid Road, Cathedral City, California 92234
3Beds
2Baths
1,580Sqft
10,890Lot

Price Vs. Estimate

The estimated value ($534,750.725) is $14,749.275 (2%) lower than the list price ($549,500). This property may be overpriced.

Key pros and cons

Top Pros:
Energy Efficiency: The property features an impressive 29 solar panel system installed 4 years ago, significantly enhancing energy efficiency and reducing utility costs.
Top Cons:
Price Reduction History: The property has undergone multiple price reductions from its original list price of $600,000 to $549,500, which might suggest initial overpricing or market resistance.

Compared to the nearby listings

Price:$549.5K vs avg $550.0K ($-500)50%
Size:1,580 sqft vs avg 1,789 sqft31%
Price/sqft:$348 vs avg $30973%

More Insights

Built in 2000 (25 years old).
Condition: This property, built in 2000, has undergone significant and recent updates, particularly in key areas. The kitchen features sleek quartz countertops and newer stainless steel appliances, presenting a modern and functional space. The primary bathroom has been updated to a 'spa-like' condition with a soaking tub and walk-in shower, complemented by a contemporary floating vanity and fixtures. The flooring throughout the main living areas is a modern wood-look LVP/laminate, and bedrooms have clean carpeting. The addition of a 29-panel solar system 4 years ago significantly enhances energy efficiency. While the home is 24 years old, the extensive renovations in the kitchen and bathrooms, along with the solar installation, place it firmly in the 'Good' category, indicating it is move-in ready with well-maintained systems and modern aesthetics.
Year Built
2000
Close
-
List price
$550K
Original List price
$600K
Price/Sqft
$348
HOA
$49.2
Days on market
-
Sold On
-
MLS number
219129906DA
Home ConditionGood
Features
Good View: Mountain(s), Pool
Pool
Patio
ViewMountain(s), Pool

About this home

Tucked into the La Pasada neighborhood of Cathedral City, this stylish desert retreat offers the perfect balance of comfort and privacy. Set back from the street, the home sits on an oversized 10,890 square foot lot, featuring 3 bedrooms, 2 bathrooms, separate laundry room, and a light-bright, open-concept layout that maximizes space, and indoor-outdoor flow. At the heart of the home, a renovated kitchen with a breakfast bar, sleek quartz countertops, newer stainless steel appliances, and a seamless connection to the main living and dining areas, all under soaring ceilings that add volume and airiness. The primary suite is a true sanctuary, featuring an updated spa-like bathroom with a soaking tub, walk-in shower, and a generously sized walk-in closet. In addition there are two expansive guest rooms that have high ceilings, fans and large windows. Step into your private south facing backyard paradise, complete with a heated pool, outdoor shower, and stunning mountain views. This home has an impressive 29 solar panel system for energy efficiency installed 4 years ago. Washer, Dryer, kitchen Refrigerator and Rain Soft ECS Water Filtration System included with purchase. Whether you're looking for a full-time residence, seasonal escape, or investment property, this home checks all the boxes with smart upgrades... Close to shopping, dining and I-10 access.

Nearby schools

6/10
Rio Vista Elementary School
Public,K-50.5mi
5/10
James Workman Middle School
Public,6-82.2mi
6/10
Cathedral City High School
Public,9-123.4mi
4/10
Desert Learning Academy
Public,K-123.5mi
Condition Rating
Good

This property, built in 2000, has undergone significant and recent updates, particularly in key areas. The kitchen features sleek quartz countertops and newer stainless steel appliances, presenting a modern and functional space. The primary bathroom has been updated to a 'spa-like' condition with a soaking tub and walk-in shower, complemented by a contemporary floating vanity and fixtures. The flooring throughout the main living areas is a modern wood-look LVP/laminate, and bedrooms have clean carpeting. The addition of a 29-panel solar system 4 years ago significantly enhances energy efficiency. While the home is 24 years old, the extensive renovations in the kitchen and bathrooms, along with the solar installation, place it firmly in the 'Good' category, indicating it is move-in ready with well-maintained systems and modern aesthetics.
Pros & Cons

Pros

Energy Efficiency: The property features an impressive 29 solar panel system installed 4 years ago, significantly enhancing energy efficiency and reducing utility costs.
Updated Interior Spaces: The home boasts a renovated kitchen with quartz countertops and newer stainless steel appliances, alongside an updated spa-like primary bathroom with a soaking tub and walk-in shower.
Private Outdoor Oasis: A private, south-facing backyard paradise includes a heated pool, outdoor shower, and stunning mountain views, ideal for relaxation and entertaining.
Spacious Lot & Modern Layout: Situated on an oversized 10,890 sqft lot, the home offers privacy and features a light-bright, open-concept layout with soaring ceilings, maximizing space and indoor-outdoor flow.
Value & Inclusions: Currently listed below its estimated market value, the property also includes a washer, dryer, kitchen refrigerator, and a Rain Soft ECS Water Filtration System, adding immediate value for buyers.

Cons

Price Reduction History: The property has undergone multiple price reductions from its original list price of $600,000 to $549,500, which might suggest initial overpricing or market resistance.
Moderate Interior Square Footage: With 1580 sqft of living space, the interior might be considered modest for some buyers, especially given the generous lot size, potentially limiting appeal for those desiring more expansive indoor areas.
Potential for Aging Systems: Built in 2000, while some areas are updated, major systems like HVAC or roofing may be original and nearing the end of their typical lifespan, potentially requiring future maintenance or replacement costs.

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