69265 Nilda Drive, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath
ACTIVE$484,900$1,300/sqft
Est. Value: $348,142
-28%
AboveEstimate
69265 Nilda Drive, Cathedral City, California 92234
3Beds
2Baths
1,300Sqft
6,970Lot
Price Vs. Estimate
The estimated value ($348,141.82) is $136,758.18 (28%) lower than the list price ($484,900). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Location: The property boasts a prime location, being only minutes away from both casinos, Palm Springs, and Palm Desert, offering convenient access to entertainment, dining, and amenities.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6970, other record lot size in square feet = 7405.
Compared to the nearby listings
Price:$484.9K vs avg $545.0K ($-60,100)31%
Size:1,300 sqft vs avg 1,789 sqft12%
Price/sqft:$373 vs avg $30883%
More Insights
Built in 1965 (61 years old).
Condition: Built in 1965, this property shows significant signs of age and requires substantial repairs and rehabilitation. While some kitchen appliances are updated, the cabinets and countertops are dated. The bathrooms are very outdated with old tile work and fixtures. Critically, the flooring in at least one bedroom appears unfinished or in poor condition, requiring immediate attention. Given the age and the lack of detailed information on major systems like HVAC, it's highly probable that plumbing, electrical, and cooling systems are original or very old and will need significant investment to meet current standards and comfort expectations, especially in a hot climate.
Year Built
1965
Close
-
List price
$485K
Original List price
$485K
Price/Sqft
$373
HOA
-
Days on market
-
Sold On
-
MLS number
219140500PS
Home ConditionPoor
Features
Good View: Desert
Patio
ViewDesert
About this home
Property has great location. Only minutes to both Casinos, Palm Springs and Palm Desert.
J
John Peterson
Listing Agent
Price History
Date
Event
Price
10/18/17
Sold
$239,000
08/23/06
Sold
$200,000
Condition Rating
Poor
Built in 1965, this property shows significant signs of age and requires substantial repairs and rehabilitation. While some kitchen appliances are updated, the cabinets and countertops are dated. The bathrooms are very outdated with old tile work and fixtures. Critically, the flooring in at least one bedroom appears unfinished or in poor condition, requiring immediate attention. Given the age and the lack of detailed information on major systems like HVAC, it's highly probable that plumbing, electrical, and cooling systems are original or very old and will need significant investment to meet current standards and comfort expectations, especially in a hot climate.
Pros & Cons
Pros
Exceptional Location: The property boasts a prime location, being only minutes away from both casinos, Palm Springs, and Palm Desert, offering convenient access to entertainment, dining, and amenities.
Desirable Desert Views: Featuring true desert views, this property offers a sought-after aesthetic and a tranquil environment, enhancing its appeal in the Coachella Valley market.
Single Family Residence: As a single-family residence, the property offers greater privacy, autonomy, and potential for appreciation compared to other housing types, appealing to a broad buyer demographic.
Generous Lot Size: With a lot size of 6970 sqft, the property provides ample outdoor space for landscaping, recreation, or potential expansion, a valuable asset for a 1300 sqft home.
Strong Market Appreciation: Historical sales data indicates significant value growth in the area, suggesting a robust market and potential for continued appreciation for this property.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6970, other record lot size in square feet = 7405.
Age of Property: Built in 1965, the home's age suggests that major systems (e.g., HVAC, plumbing, electrical) and structural components may be original or require significant updates, potentially incurring substantial future costs for a buyer.
Lack of Detailed Property Information: The extremely brief property description provides minimal insight into the interior condition, recent renovations, or specific features, which can create uncertainty and deter potential buyers seeking comprehensive details.
Absence of Cooling System Details: Given Cathedral City's hot desert climate, the lack of any mention of a cooling system (e.g., central air conditioning) is a significant concern and a potential major expense for a new owner.