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37530 Melrose Dr Drive, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath

37530 Melrose Dr Drive, Cathedral City, California 92234 home-pic-0
ACTIVE$599,000
37530 Melrose Dr Drive, Cathedral City, California 92234
3Beds
2Baths
1,328Sqft
7,405Lot
Year Built
1957
Close
-
List price
$599K
Original List price
$599K
Price/Sqft
$451
HOA
-
Days on market
-
Sold On
-
MLS number
219131324DA
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 61% below the list price. We found 3 Cons,6 Pros. Rank: price - $599.0K(68th), sqft - 1328(12th), beds - 3(50th), baths - 2(50th).

Charming Midcentury Property with Endless Potential in ONE of the quietest streets in the Cathedral City Cove. Surroundings homes have upgrades in excess of $800,000.Overflowing with character, this midcentury home is a rare opportunity nestled in the desirable Cathedral City Cove. Ideally situated on a gently sloping street, it's just a short walk to downtowns' movie theaters, shops, and restaurants.The expansive backyard is a private oasis featuring synthetic grass, lush landscaping, with plenty of room to add a pool. A single-car garage with dual parking driveways.Inside, you'll find a cozy living room with a unique fireplace. The one of a kind antique cabinetry kitchen opens directly to the backyard and covered patio, perfect for indoor-outdoor living. A separate laundry room adds convenience.

Nearby schools

6/10
Rancho Mirage Elementary School
Public,•K-5•3.6mi
4/10
Cahuilla Elementary School
Public,•K-5•4.6mi
3/10
Nellie N. Coffman Middle School
Public,•6-8•1.7mi
6/10
Cathedral City High School
Public,•9-12•2.0mi
4/10
Desert Learning Academy
Public,•K-12•4.1mi
6/10
Palm Springs High School
Public,•9-12•4.1mi
Condition Rating
Poor
Built in 1957, this property features an 'antique cabinetry kitchen' that is explicitly described as outdated and requiring extensive updates. A significant weakness is the 'lack of modern cooling system,' which is critical for comfort in a desert climate. While some areas appear maintained, the core functional and aesthetic elements of the kitchen and cooling system are severely lacking, necessitating substantial repairs and rehabilitation to meet contemporary living standards.
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 = 1328.
Prime Location & Walkability: Nestled on one of the quietest streets in the desirable Cathedral City Cove, the property offers excellent walkability to downtown movie theaters, shops, and restaurants.
Midcentury Charm & Character: This charming 1957 midcentury home is overflowing with character, appealing to buyers seeking a unique aesthetic and historical appeal.
Investment & Appreciation Potential: Situated in a neighborhood where surrounding homes have undergone upgrades in excess of $800,000, indicating strong potential for value appreciation with strategic renovations.
Expansive & Private Backyard: The property boasts an expansive and private backyard featuring synthetic grass and lush landscaping, with ample room to add a pool, creating an ideal outdoor oasis.
Mountain Views: The home offers desirable mountain views, enhancing its aesthetic appeal and providing a scenic backdrop.

Cons

Outdated Kitchen & Potential for Extensive Updates: The 'one of a kind antique cabinetry kitchen' and the property's 1957 build year suggest a need for significant modernization and updates throughout the home to meet contemporary standards, representing a considerable investment for a buyer.
Lack of Modern Cooling System: The property description does not mention a cooling system, which is a critical omission for a home in the desert climate of Cathedral City and would necessitate a costly installation.
High List Price Relative to Market Value: The current list price of $599,000 appears significantly above the estimated market value and recent comparable sales in the immediate vicinity, potentially hindering marketability and requiring a price adjustment.

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