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68220 Mccallum Way, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath

68220 Mccallum Way, Cathedral City, California 92234 home-pic-0
ACTIVE$480,000$1,501/sqft
Est. Value: $438,116
-8%
AboveEstimate
68220 Mccallum Way, Cathedral City, California 92234
3Beds
2Baths
1,501Sqft
8,276Lot

Price Vs. Estimate

The estimated value ($438,115.835) is $41,884.165 (8%) lower than the list price ($480,000). 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 = 1501.
Top Cons:
Requires Renovation/Updates: The description explicitly states the home needs 'a little renovation' and is 'primed for transformation,' indicating it is not move-in ready and will require additional investment for modernization and upgrades.

Compared to the nearby listings

Price:$480.0K vs avg $545.0K ($-65,000)31%
Size:1,501 sqft vs avg 1,788 sqft28%
Price/sqft:$320 vs avg $30857%

More Insights

Built in 1989 (37 years old).
Condition: Built in 1989, this property shows its age with outdated kitchen features (tile countertops, older appliances, light wood cabinets) and bathrooms (tile, vanity, lighting, wallpaper). While functional, it requires significant cosmetic updates and likely some system upgrades to meet modern standards, aligning with the 'fair' category's description of being aged but maintained, with major components functional but showing signs of being outdated. The description itself highlights the need for 'renovation' and 'sweat equity'.
Year Built
1989
Close
-
List price
$480K
Original List price
$480K
Price/Sqft
$320
HOA
-
Days on market
-
Sold On
-
MLS number
219140643DA
Home ConditionFair
Features
Good View: Mountain(s), Peek-A-Boo
Pool
Spa
Patio
ViewMountain(s), Peek-A-Boo

About this home

Welcome to a home filled with opportunity and promise! This spacious 3-bedroom, 2-bath, 1500 sq ft single-family residence has an open-concept layout designed for comfortable living and effortless entertaining. This inviting house has endless potential, featuring a private pool and spa that could transform the backyard into a personal retreat. Whether you're looking to create a modern family haven or a custom sanctuary tailored to your personal style, this home offers the perfect canvas to reimagine. Step inside to find an airy floor plan. Imagine gathering with loved ones in a spacious living room, hosting dinner parties in an expanded kitchen, or stepping outside to enjoy the California sunshine by the pool and spa. With a bit of vision and effort, you can transform this property into something truly special for your dream home come to life. With its solid structure and well-conceived layout, this home is an excellent opportunity for buyers with a keen eye for potential. A little renovation will go a long way toward unlocking its full beauty and function. It's ideally suited for a new owner looking to invest sweat equity into a long-term residence. If you're a DIY enthusiast eager to put your stamp on a property, this home is primed for transformation. Here's your opportunit to create a space that truly reflects your lifestyle. Bring your imagination, roll up your sleeves, and make this home your own! SUNRUN Solar Panel Lease has 10 years left. Monthly invoices vary $150 in winter to $200 in summer.

R
Robert La Duke
Listing Agent

Nearby schools

5/10
Landau Elementary School
Public,•K-5•0.4mi
6/10
Sunny Sands Elementary School
Public,•K-5•1.0mi
6/10
Rio Vista Elementary School
Public,•K-5•2.0mi
5/10
James Workman Middle School
Public,•6-8•1.8mi
6/10
Cathedral City High School
Public,•9-12•1.9mi
5/10
Rancho Mirage High
Public,•9-12•2.2mi
4/10
Desert Learning Academy
Public,•K-12•2.9mi

Price History

Date
Event
Price
06/03/99
Sold
$140,000
Condition Rating
Fair
Built in 1989, this property shows its age with outdated kitchen features (tile countertops, older appliances, light wood cabinets) and bathrooms (tile, vanity, lighting, wallpaper). While functional, it requires significant cosmetic updates and likely some system upgrades to meet modern standards, aligning with the 'fair' category's description of being aged but maintained, with major components functional but showing signs of being outdated. The description itself highlights the need for 'renovation' and 'sweat equity'.
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 = 1501.
Private Pool and Spa: The property features a private pool and spa, offering a personal retreat and significant recreational value, especially appealing in the California climate.
Open-Concept Layout: The spacious 3-bedroom, 2-bath residence boasts an open-concept layout and airy floor plan, designed for comfortable living and effortless entertaining.
Significant Renovation Potential: Described as a 'perfect canvas to reimagine' with a 'solid structure and well-conceived layout,' this home offers immense potential for customization and value addition for buyers willing to invest sweat equity.
Mountain Views: The property offers desirable mountain views, enhancing its aesthetic appeal and overall living experience.
Solar Panel Lease (Energy Savings): An existing SUNRUN Solar Panel Lease provides energy cost savings, with monthly invoices varying from $150 in winter to $200 in summer, contributing to lower utility bills.

Cons

Requires Renovation/Updates: The description explicitly states the home needs 'a little renovation' and is 'primed for transformation,' indicating it is not move-in ready and will require additional investment for modernization and upgrades.
Solar Panel Lease Obligation: While offering energy savings, the SUNRUN Solar Panel Lease has 10 years remaining, representing a fixed monthly financial obligation that transfers to the new owner, rather than outright ownership of the system.
Age of Property: Built in 1989, the home is over 30 years old, suggesting that major systems and interior finishes may be original or outdated, potentially leading to higher maintenance costs or the need for immediate upgrades to meet modern standards.
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