28505 Avenida La Paz Cathedral City, CA 92234

$2,160,000 Sold Price as of 07/24/2019

5 Beds
4 Baths
2,092 Sq.Ft.

Off Market

$2,160,000 Sold Price as of 07/24/2019 Refinance Your Mortgage

Map preview of 28505 Avenida La Paz, Cathedral City, CA 92234

Property Overview: 28505 Avenida La Paz Cathedral City, CA has 5 bedrooms, 4 bathrooms, 2,092 living square feet and 7,840 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

28505 Avenida La Paz is currently an off market home in the city of Cathedral City. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Cathedral City has a median list price of $549,000. The median price per/sqft for Cathedral City is $315. With those numbers in mind, if you are looking to purchase a median priced home in Cathedral City, CA and put 20% down you will need to save up $109,800 for the down payment and will need roughly $10,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Cathedral City the commission could be as much as $25,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 28505 Avenida La Paz

Last sold for $2,160,000 on July 24th, 2019

August, 2020
Aug 30, 2020

Date

Canceled

CRMLS: 219042099DA

$909,900

Price
May 18, 2020

Date

Hold

CRMLS: 219042099DA

$909,900

Price
May 13, 2020

Date

Active

CRMLS: 219042099DA

$909,900

Price
Listing provided courtesy of CRMLS

Stunning four units! This newer property built in the 2000's has been refreshed with new landscaping, new high efficiency air conditioning, new luxury vinyl plank flooring, new interior and exterior paint, new bedroom carpet, new water heaters, new light fixtures, and many other new components. Two units are 3 bedroom/2 bath, the others are 2 bedroom/2 bath. All have interior laundry. Each unit has its own two car garage. This is one of the best properties in the Coachella Valley. The 3 bedrooms rent for $1,600 and the two bedroom rent for $1,400 and $1,470. Being newer construction, it is very lightly used and has newer dual pane windows, bullnose corners, 6 panel doors, thick insulation and all of the other benefits of newer construction. Newer properties attract the best tenants which should make management much, much easier. Owner pays water which runs $50-$70/mo and landscape maintenance which is $180/mo. Trash and sewer is included on the property tax bill. Tenant's pay for their own electricity and gas. There is not an owner gas or electric meter so this is a very inexpensive property to run. This property is two duplexes next to each other making a total of four units

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July, 2019
Jul 24, 2019

Date

Sold (Public Records)

Public Records

$2,160,000

Price
May, 2002
May 15, 2002

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 28505 Avenida La Paz

Assessed Value (2021): $360,000

Year	Land Value	Improved Value	Assessed Value
2021	$85,000	$275,000	$360,000

About 28505 Avenida La Paz

Detailed summary of property

28505 Avenida La Paz is categorized with a use code of Multi-Family Dwellings (Generic, Any Combination 2+) in Cathedral City, CA 92234 and last sold on July 24, 2019 for $2,160,000. This property has 5 bedrooms, 4 bathrooms, roughly 2,092 living square feet, and sits on an approximately 7,840 square foot lot. Homes in Cathedral City are selling for a median price of $510,000 and a median price per square foot of $281. Based on Ardent Real Estate Group's Cathedral City Market Data, this home is sold 323.53% higher than the current median priced home. 28505 Avenida La Paz was last sold on July 24, 2019 for $2,160,000. Local nearby listings include 7061 Newbury Ave, 7012 Newbury Ave and 20858 Bakal Dr. The average home in Cathedral City, CA is selling in 105 days. There are currently 268 homes for sale in the Cathedral City real estate market and 198 of them are single family homes while 69 of them are condos and 1 are townhomes. If you are the homeowner and looking to sell the home at 28505 Avenida La Paz Cathedral City, CA 92234 contact Ardent Real Estate Group and we will put you in touch with one of our Cathedral City agents.

Public Facts for 28505 Avenida La Paz

Public county record property details

Beds: 5
Baths: 4
Year built: 2000
Sq. Ft.: 2,092
Lot Size: 7,840
Stories: 1

Type: Multi-Family Dwellings (Generic, Any Combination 2+)
Pool: No
Spa: No
County: Riverside
Lot#: 60
APN: 675-091-005

The source for these homes facts are from public records.

92234 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$548,500

Median List Price/Sq.Ft.

$314

Median Sold Price

$510,000

Median Sold Price/Sq.Ft.

$281

Total Inventory

263

Median Sale to List Price %

93.07%

Avg Days on Market

Loan Type

Conventional (24.39%), FHA (14.63%), VA (2.44%), Cash (26.83%), Other (9.76%)

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