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

68073 Madrid Road
Cathedral City, California 92234
Property Price
SUMMARY
Analysis of 68073 Madrid Road, Cathedral City, California 92234 reveals a Fairly Priced Property with a current list price of $535,000 aligned with the estimated $529,759 Fair Market Value. This represents a stable investment opportunity at market rate. 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 |
|---|---|---|---|---|---|---|
★ 68073 Madrid Road Subject | $535,000* List Price | 3 | 2 | 1,580 | $335 | - |
A 67165 Tamara Road Sold | $494,000 | 3 | 2 | 1,578 | $313 | 1.0 mi |
B 68262 Pasada Road Sold | $530,000 | 3 | 2 | 1,675 | $316 | 0.1 mi |
C 68120 Empalmo Road Sold | $460,000 | 3 | 2 | 1,573 | $292 | 0.3 mi |
D 67705 Ovante Road Sold | $467,000 | 4 | 2 | 1,531 | $305 | 0.4 mi |
E 27185 Landau Boulevard Sold | $505,000 | 3 | 3 | 1,718 | $294 | 0.2 mi |
F 68615 Concepcion Road Sold | $450,000 | 3 | 2 | 1,290 | $349 | 0.9 mi |
G 67625 Quijo Road Active | $585,000 List Price | 3 | 3 | 1,864 | $314 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant modern updates that exceed its 2000 build year. The kitchen has been renovated with quartz countertops and newer stainless steel appliances, and the primary bathroom offers a spa-like update with a soaking tub and walk-in shower. With a 5-year-old solar system, updated flooring, and well-maintained systems, the home shows minimal wear and tear and requires no immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1580.
- Modernized Interior & Layout
The home features a renovated kitchen with quartz countertops and a spa-like primary bathroom, complemented by high ceilings and an open-concept design that maximizes natural light.
- Premium Outdoor Amenities
Situated on an oversized 10,890 sqft lot, the private south-facing backyard includes a heated pool, outdoor shower, and stunning mountain views, perfect for desert living.
CONSRISKS & DEFICIENCIES
- Solar Lease Obligation
The buyer is required to assume the existing lease on the 29-panel solar system, which introduces a recurring monthly expense and may impact loan qualification.
- Recent Value Depreciation
With a current list price significantly lower than its 2022 sale price of $610,500, the property reflects a notable decline in market valuation that may concern some investors.
About 68073 Madrid Road
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 5 years ago, buyer to assume lease. 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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2000
- Lot Size
- 10,890 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $49.2 / Month
Neighborhood Insights
Cathedral City Unified Schools
Rio Vista Elementary School
Grades K-5 • 0.5 mi
James Workman Middle School
Grades 6-8 • 2.2 mi
Cathedral City High School
Grades 9-12 • 3.4 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 | 1,580 | 1,751 | 35% |
| Lot Size | 10,890 | 7,841 | 92% |
| Price | $535.0K | $540.0K | 50% |
| Price per sq ft | $339 | $309 | 68% |
| Built year | 2000 | 1994 | 62% |
| HOA | $49.2 | $0 | 69% |
| Days on market | 2 | 179 | 1% |
Pricing History
Listed for Sale
Mar 5, 2026
$535,000
Initial Listing
Sold
May 9, 2022
$610,500
Public Record
Sold
Jul 31, 2017
$315,000
Public Record
Sold
Mar 19, 2004
$228,000
Public Record
























