Seller's Agent in 2020
David Colin
HomeSmart
(760) 702-4908
71 in this area
120 Total Sales
Estimated Value: $919,000 - $1,133,000
3
Beds
3
Baths
2,726
Sq Ft
$370/Sq Ft
Est. Value
Highlights
- Lake Front
- Fitness Center
- Gated Community
- Private Dock Site
- Infinity Pool
- Community Lake
About This Home
As of October 2020Calling all serious businessman/investors only! The creme of the crop in the short term vacation rental industry has just hit the market and is incomparable to any home on the market on the lake anywhere in the Coachella Valley! This property is generating $10k a month in rental income with the potential to earn $150k yearly. This property is renting for $493 a night and has a 5 * rating with 11 reviews on AIRBNB in its short exsistence. Your return on your investment cannot and will not be matched by any other vacation rental on the market; guaranteed! This is a business opportunity that a savvy investor cannot pass up! This spectacular detached home is surrounded by water on 70% of its boundaries. The backyard is unrivaled with a large designer INFINITI pool & spa overlooking panoramic views of the lake and mountains! There's also an outdoor kitchen, fire-pit on the edge of the lake, covered outdoor patio with room to spare for outdoor activities. Once you enter the interior you'll be surrounded with windows that all have water views; It creates an illusion that you're floating on water. There's a large step down bar, full bathroom and a flex room that can be converted into a 4th bedroom all downstairs. The upstairs has 3 bedrooms, 2 baths one of them which is an impressive master bedroom that has a private balcony and a retreat living area! If you're looking to get into the short term rental market you've found your gold mine! Contact me directly before it's too late.
Home Details
Home Type
- Single Family
Year Built
- Built in 2006
Lot Details
- 8,276 Sq Ft Lot
- Lake Front
- Home has North and South Exposure
- Block Wall Fence
- Premium Lot
- Drip System Landscaping
HOA Fees
- $259 Monthly HOA Fees
Property Views
- Lake
- Mountain
Interior Spaces
- 2,726 Sq Ft Home
- 1-Story Property
- Furnished
- Bar
- Gas Fireplace
- Great Room with Fireplace
- 2 Fireplaces
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Parking
- 2 Car Direct Access Garage
- Guest Parking
Pool
- Infinity Pool
- In Ground Spa
Outdoor Features
- Private Dock Site
- Built-In Barbecue
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 696070048
- Special Tax Authority
Community Details
Overview
- Association fees include clubhouse, cable TV
- Terra Lago Subdivision
- Community Lake
Amenities
- Community Barbecue Grill
- Picnic Area
- Clubhouse
- Billiard Room
Recreation
- Community Boat Dock
- Fitness Center
Security
- 24 Hour Access
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 10, 2020
Closed on
Oct 16, 2020
Sold by
Dowd Grant
Bought by
841Ago Llc Or Assignees Llc
Seller's Agent
David Colin
HomeSmart
Buyer's Agent
Gina Fernandez
Gina Fernandez, Broker
List Price
$799,900
Sold Price
$800,000
Premium/Discount to List
$100
0.01%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,842
Avg. Annual Appreciation
4.43%
Purchase Details
Listed on
Mar 15, 2018
Closed on
Mar 29, 2018
Sold by
Petrie Alan John and Petrie Elizabeth Ann
Bought by
Dowd Grant
Seller's Agent
Bespoke Real Estate Group
Bennion Deville Homes
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$599,000
Sold Price
$590,000
Premium/Discount to List
-$9,000
-1.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.06%
Original Mortgage
$453,100
Interest Rate
4.45%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 2, 2013
Closed on
Mar 5, 2013
Sold by
Calaveras River Sun Llc
Bought by
Petrie Alan John and Petrie Elizabeth Ann
Seller's Agent
Richard Hughes
ESCALA PROPERTIES
Buyer's Agent
Richard Hughes
ESCALA PROPERTIES
List Price
$312,900
Sold Price
$312,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.05%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 841Ago Llc Or Assignees Llc | $795,000 | Lawyers Title Company | |
| Dowd Grant | $584,500 | Chicago Title Co | |
| Petrie Alan John | $313,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Dowd Grant | $453,100 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/30/2020 10/30/20 | Sold | $800,000 | 0.0% | $293 / Sq Ft | |
| 10/13/2020 10/13/20 | Pending | -- | -- | -- | |
| 10/10/2020 10/10/20 | For Sale | $799,900 | +35.6% | $293 / Sq Ft | |
| 05/07/2018 05/07/18 | Sold | $590,000 | -1.5% | $216 / Sq Ft | View Prior Sale |
| 03/26/2018 03/26/18 | Pending | -- | -- | -- | |
| 03/15/2018 03/15/18 | For Sale | $599,000 | +91.4% | $220 / Sq Ft | |
| 03/08/2013 03/08/13 | Sold | $312,900 | 0.0% | $115 / Sq Ft | View Prior Sale |
| 03/03/2013 03/03/13 | Pending | -- | -- | -- | |
| 03/02/2013 03/02/13 | For Sale | $312,900 | -- | $115 / Sq Ft |
Source: California Desert Association of REALTORS®
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,626 | $860,531 | $64,945 | $795,586 |
| 2023 | $14,626 | $827,118 | $62,424 | $764,694 |
| 2022 | $14,304 | $810,900 | $61,200 | $749,700 |
| 2021 | $13,921 | $795,000 | $60,000 | $735,000 |
| 2020 | $11,483 | $607,593 | $212,241 | $395,352 |
| 2019 | $11,280 | $595,680 | $208,080 | $387,600 |
| 2018 | $8,815 | $392,218 | $103,152 | $289,066 |
| 2017 | $8,718 | $384,529 | $101,130 | $283,399 |
Source: Public Records
Agents Affiliated with this Home
-
David Colin
-
Gina Fernandez
G
Buyer's Agent in 2020
Gina Fernandez
Gina Fernandez, Broker
(760) 457-5109
4 Total Sales
-
B
Seller's Agent in 2018
Bespoke Real Estate Group
Bennion Deville Homes
-
T
Seller Co-Listing Agent in 2018
Tracy Boomer
Bennion Deville Homes
-
O
Buyer's Agent in 2018
Out Side Agent
Desert Real Estate Consultants, Inc.
-
R
Seller's Agent in 2013
Richard Hughes
ESCALA PROPERTIES
Map
Source: California Desert Association of REALTORS®
MLS Number: 219051149
APN: 696-070-048
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