tomo logo

$1,199,000

Beds
6
Baths
5.0
sq ft
3,038

68340 Verano Rd, Cathedral City, CA 92234

68340 Verano Rd

Cathedral City, CA 92234

  • 21 days on market
No showings from March 21 to April 21 as the property is rented through AirBnb. We can show with an accepted offer subject to interior inspection with a 24 hour notice. Experience unparalleled luxury at 68340 Verano Road, a stunning retreat nestled in Cathedral City. This fully furnished 6- bedroom, 5-bathroom home includes a separate casita with its own private bathroom, offering 3,038 square feet of sophisticated living space on a generous 16,117 square foot lot. From the gated driveway to the meticulously landscaped grounds, this property exudes privacy and style, creating your own private oasis. Inside, discover an open floor plan bathed in monochromatic tones of grey and Italian marble. Versace furnishings and a cozy fireplace grace the living room, while the chef's dream kitchen boasts elegant cabinetry, high-end stainless-steel appliances, and ample counter space. Hardwood and tile floors flow throughout, complemented by recessed lighting. The bedrooms offer pillowtop beds and LCD TVs, and the en-suite features a spa-like retreat with large shower, soaking tub, dual vanities, a walk-in closet, and a private balcony overlooking the pool. The backyard is an entertainer's paradise. Enjoy a computer- controlled heated saltwater pool and spa with LED lighting, a gourmet outdoor kitchen with gas BBQ and wood-fired kabob grill, a dining area for 10, a covered lounge with a large flat screen, two fire pits, a children's playset, a putting green, an outdoor shower, a gazebo, and a 1/4 size lighted basketball court. Located in a sought-after Cathedral City neighborhood, 68340 Verano Road offers the ultimate in luxury living, with convenient access to shopping, dining, and entertainment.

Details

Property type

Single Family Residence

Est. home value

$764,772

Lot size

0.37 acres

Price per sq ft

$395

Year built

1989

HOA

No

Price History

03/14/2025
CRMLS

CRMLS #SR25054338

Listed
$1,199,000
03/04/2025
CRMLS

CRMLS #SR24180787

Removed
$1,199,000
12/12/2024
CRMLS

CRMLS #SR24180787

Price change
$1,199,000
-14.3%

Schools & Community

Neighborhood: 

Panorama

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

High school district: 

Riverside Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$743,703
Asking price
$1,199,000
Closing costs (~8% of asking)
-$95,920
Est. remaining loan balance
-$359,377
Cash to seller
$743,703

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Nations Direct Mortgage Llc

Loan start date

September 2017

Original loan amount

$424,000

Est. remaining balance

$359,377

Interest rate

3.93%

Loan type

New Conventional, 30 year

Seller

Suren Soghomonyan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 04/04/2025 at 1:55 AM

Listing updated: 03/25/2025 at 12:00 PM

Listed by: Michael Melik-Bakchian, LA Premier Realty, Inc. Phone #: (818) 424-6437

MLS: CRMLS #SR25054338

CRMLS logo

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