69895 Papaya Lane, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath
ACTIVE$475,000$1,314/sqft
Est. Value: $364,511
-23%
AboveEstimate
69895 Papaya Lane, Cathedral City, California 92234
3Beds
2Baths
1,314Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($364,510.8) is $110,489.2 (23%) lower than the list price ($475,000). 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 = 7405, living area = 1314.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Compared to the nearby listings
Price:$475.0K vs avg $545.0K ($-70,000)27%
Size:1,314 sqft vs avg 1,789 sqft13%
Price/sqft:$361 vs avg $30879%
More Insights
Built in 1961 (65 years old).
Condition: Built in 1961, this property requires substantial cosmetic enhancements, as explicitly stated in the description. The kitchen features very dated tile countertops, older appliances, and cabinets, indicating a significant need for renovation. The bedrooms have outdated green carpeting and popcorn ceilings throughout the main living areas. While the bathrooms show some signs of updating, they are not fully modern, and the exterior/pool area is well-maintained, the interior's core components (kitchen, flooring, general aesthetic) are significantly outdated. The age of the property also suggests that major systems like HVAC, plumbing, and electrical may require substantial upgrades in the near future, aligning with the 'Poor' condition criteria.
Year Built
1961
Close
-
List price
$475K
Original List price
$475K
Price/Sqft
$361
HOA
-
Days on market
-
Sold On
-
MLS number
219141512DA
Home ConditionPoor
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)
About this home
Quaint mid century pool home with no HOA! This three bedroom, two bathroom Cathedral City home is Rancho Mirage adjacent located off DaVall. The spacious lot features lush green turf which offers low maintenance and a resort like backyard with fire pit, pool & spa, and covered patio with fireplace Inside you'll find a functional floor plan ready for your cosmetic enhancements! Great opportunity in a great location.
C
Carly Butterfield
Listing Agent
Price History
Date
Event
Price
04/26/99
Sold
$77,000
02/10/10
Sold
$115,000
02/05/10
Sold
$86,000
Condition Rating
Poor
Built in 1961, this property requires substantial cosmetic enhancements, as explicitly stated in the description. The kitchen features very dated tile countertops, older appliances, and cabinets, indicating a significant need for renovation. The bedrooms have outdated green carpeting and popcorn ceilings throughout the main living areas. While the bathrooms show some signs of updating, they are not fully modern, and the exterior/pool area is well-maintained, the interior's core components (kitchen, flooring, general aesthetic) are significantly outdated. The age of the property also suggests that major systems like HVAC, plumbing, and electrical may require substantial upgrades in the near future, aligning with the 'Poor' condition criteria.
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 = 7405, living area = 1314.
No Homeowners Association (HOA): The absence of an HOA provides significant cost savings and greater freedom for property owners, avoiding monthly fees and restrictive community rules.
Resort-Style Outdoor Living: The spacious backyard features a private pool, spa, fire pit, and a covered patio with a fireplace, creating an ideal environment for relaxation and entertaining.
Desirable Location: Strategically located adjacent to Rancho Mirage, offering a prime address with convenient access to upscale amenities and attractions.
Mountain Views: The property offers attractive mountain views, enhancing its aesthetic appeal and providing a serene backdrop.
Mid-Century Architectural Charm: Retains its original mid-century character, appealing to buyers seeking a unique and stylish home with historical flair and a functional floor plan.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Requires Cosmetic Enhancements: The property is described as 'ready for your cosmetic enhancements,' indicating that buyers should anticipate additional investment for interior updates and personalization.
Age of Property: Built in 1961, the home's age suggests that major systems such as plumbing, electrical, and HVAC may be original or require significant upgrades in the near future.
Potential for HVAC System Updates: Given the property's age and location in a desert climate, the existing cooling system may be outdated or inefficient, potentially requiring an upgrade for optimal comfort and energy efficiency.