68115 Peladora Road, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath
ACTIVE$649,000$1,975/sqft
Est. Value: $604,289
-6%
AboveEstimate
68115 Peladora Road, Cathedral City, California 92234
3Beds
2Baths
1,975Sqft
8,276Lot
Price Vs. Estimate
The estimated value ($604,288.9) is $44,711.1 (6%) lower than the list price ($649,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 8276, living area = 1975.
Top Cons:
Aggressive Pricing Relative to Recent Sales: The current list price of $649,000 is a substantial increase from the $550,000 sale in February 2022, which may require strong justification through unstated upgrades or a very robust market to attract buyers.
Compared to the nearby listings
Price:$649.0K vs avg $545.0K (+$104,000)78%
Size:1,975 sqft vs avg 1,795.5 sqft64%
Price/sqft:$329 vs avg $30862%
More Insights
Built in 2002 (24 years old).
Condition: Built in 2002, this home is well-maintained with functional systems and desirable features like paid solar, a private pool, and updated bedroom flooring. However, the kitchen and master bathroom, while clean and functional, largely retain their original early 2000s aesthetic with granite countertops and tile finishes that are now considered dated, requiring minor updates to modernize.
Year Built
2002
Close
-
List price
$649K
Original List price
$649K
Price/Sqft
$329
HOA
-
Days on market
-
Sold On
-
MLS number
219141501PS
Home ConditionFair
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)
About this home
Welcome to this well-maintained 3-bedroom, 2-bathroom home located in the desirable Panorama Park neighborhood of Cathedral City. Inside, you'll find an open and functional layout with a spacious bonus room, ideal for a home office or extra living space. The kitchen features granite countertops and plenty of cabinet storage, blending style and practicality.Step through the grand front entry door and enjoy the warm, inviting feel throughout. Outside, the backyard is designed for desert living -- complete with a private pool and spa, perfect for entertaining or relaxing year-round. The property also includes paid-for solar for energy savings and RV parking, providing both convenience and flexibility.Set in a quiet residential area close to Panorama park, shopping, and dining, this home offers comfort, value, and the best of desert living.
J
Justin Berry
Listing Agent
Nearby schools
5/10
Landau Elementary School
Public,•K-5•0.9mi
6/10
Rio Vista Elementary School
Public,•K-5•0.9mi
6/10
Sunny Sands Elementary School
Public,•K-5•1.6mi
5/10
James Workman Middle School
Public,•6-8•2.0mi
5/10
Rancho Mirage High
Public,•9-12•2.7mi
6/10
Cathedral City High School
Public,•9-12•3.0mi
4/10
Desert Learning Academy
Public,•K-12•3.2mi
Price History
Date
Event
Price
02/14/22
Sold
$550,000
08/31/21
Sold
$548,000
12/11/17
Sold
$335,000
Condition Rating
Fair
Built in 2002, this home is well-maintained with functional systems and desirable features like paid solar, a private pool, and updated bedroom flooring. However, the kitchen and master bathroom, while clean and functional, largely retain their original early 2000s aesthetic with granite countertops and tile finishes that are now considered dated, requiring minor updates to modernize.
Pros & Cons
Pros
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 = 8276, living area = 1975.
Paid-for Solar System: The property includes a paid-for solar system, offering significant energy savings and environmental benefits, which is a highly attractive feature.
Private Pool and Spa: The backyard features a private pool and spa, ideal for year-round relaxation and entertaining, a key amenity for desert living.
Versatile Bonus Room: An open and functional layout includes a spacious bonus room, providing flexible space perfect for a home office or additional living area.
RV Parking: The property offers convenient RV parking, a valuable and sought-after feature for owners of recreational vehicles or those needing extra secure parking.
Desirable Location & Mountain Views: Located in the desirable Panorama Park neighborhood, close to amenities, and boasts appealing mountain views, enhancing lifestyle and property value.
Cons
Aggressive Pricing Relative to Recent Sales: The current list price of $649,000 is a substantial increase from the $550,000 sale in February 2022, which may require strong justification through unstated upgrades or a very robust market to attract buyers.
Lack of Explicit Central Cooling System Details: In a desert climate, the absence of specific mention of a modern or efficient central air conditioning system could be a concern for potential buyers regarding comfort and energy costs.
Potential for Aging Systems: Built in 2002, the property is over 20 years old, meaning major systems (HVAC, water heater, roof) may be original or nearing the end of their expected lifespan, potentially leading to future replacement costs for the buyer.