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$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

  • 114 days on market
    • Price drop $200,000↓
Experience Luxury Living at 68340 Verano Road! Welcome to this exceptional property nestled in the heart of Cathedral City. Enter the grandeur of a beautiful fully furnished 6-bedroom, 5-bathroom home boasting a 2-car garage and a refreshing pool, with 3,038 square feet of living space all set on a sprawling 16,117 square foot lot. From the moment you approach the driveway gate, you'll be captivated by the sheer luxury, privacy, and style that this stunning residence exudes. The meticulously landscaped grounds create your very own private oasis, setting the stage for an unparalleled living experience. As you enter, you'll be greeted by a well-designed open floor plan where the living room, kitchen, and dining areas seamlessly flow together. The Verano Resort is finished in monochromatic tones of grey and Italian marble throughout the open floor plan. The living room features a cozy fireplace and Versace furniture and chandelier. There are two living room/lounge areas. The kitchen is truly a chef's dream, adorned with elegant cabinetry and countertops, high-end stainless-steel appliances, and an abundance of counter space and storage, including a convenient kitchen island. The home is adorned with beautiful hardwood and tiled floors, complemented by recessed lighting throughout. The bedrooms all have pillowtop beds and LCD TV's. The en-suite features a large shower, soaking tub, dual vanities as well as a walk-in closet and private balcony overlooking the pool area. The bathrooms are exquisitely appointed, creating a spa-like ambiance that adds to the overall sense of luxury. The backyard is private with beautiful landscaping and abundant trees, and features a computer controlled heated saltwater pool and spa with LED lighting, a gourmet kitchen with both a gas BBQ and wood-fired kabob grill, an outdoor dining area that seats 10, a covered lounge area with a large flat screen, two fire pits, children’s play set, putting green, outdoor shower, gazebo and ¼ size lighted basketball court! The possibilities for entertainment and relaxation are endless. Situated in a highly sought-after neighborhood, this property offers the best of Cathedral City living. Its central location ensures close proximity to shopping, dining, and entertainment. Don't miss the chance to experience the epitome of luxury living at 68340 Verano Road!

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

12/12/2024
CRMLS

CRMLS #SR24180787

Price change
$1,199,000
-14.3%
08/30/2024
CRMLS

CRMLS #SR24180787

Listed
$1,399,000
+194.53%
09/27/2017
DesertArea

DesertArea #217019964

Sold
$475,000

Schools & Community

Neighborhood: 

Panorama

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

High school district: 

Palm Springs 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

$741,228
Asking price
$1,199,000
Closing costs (~8% of asking)
-$95,920
Est. remaining loan balance
-$361,852
Cash to seller
$741,228

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

$361,852

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: 12/22/2024 at 7:30 AM

Listing updated: 12/11/2024 at 5:15 PM

Listed by: Michael Melik-Bakchian, JohnHart Real Estate Phone #: (818) 246-1099

MLS: CRMLS #SR24180787

CRMLS logo

Recently listed in Cathedral City