NOT LISTED FOR SALE

43240 Bacino Ct Indio, CA 92203

Estimated Value: $837,000 - $1,023,000

3 Beds
3 Baths
2,157 Sq Ft
$435/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $970,000 $450 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,706/month

69 Days on Market

Highlights

  • Lake Front
  • Fitness Center
  • In Ground Pool
  • Boat Ramp
  • Home Theater
  • Gated Community

About This Home

As of August 2023

Welcome to the ''Celebration Home on the Lake'', located in the highly coveted community of Terra Lago in the City of Festivals, Indio. This one-of-a-kind property is truly a stunning sight to behold, with its breathtaking lakefront location and unparalleled amenities.As one of the only homes in the area with one of the largest backyards on the lake, this property is an entertainer's paradise. You'll enjoy languid afternoons lounging in the custom-built jacuzzi and huge pool with commercial grade misters, while marveling at the panoramic view of the lake and mountains from the comfort of your covered patio.The custom-built BBQ and custom built bar and lakeside firepit make for unforgettable nights of grilling, conversation, and memorable moments. And if you're in the mood for some entertainment, the huge outdoor TV next to the pool provides the perfect backdrop for your favorite movies and shows.This home is perfect for savvy investors looking to generate passive income for years to come with great returns. It's also an ideal substitute for a 1031 tax exchange. The community allows unlimited short-term rental bookings, making it an excellent opportunity for those looking to maximize their ROI. The unit next door is also for sale and can be bought together so you can own a a rare compound with 7 bedroom's and 4 and a half baths, two pools combined for an incredible income producing investment.

Last Agent to Sell the Property

David Colin

HomeSmart License #01710306 Listed on: 06/23/2023

HomeSmart

Last Buyer's Agent

Aleksandra Srdic

Bennion Deville Homes License #02155116

Bennion Deville Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,881

Year Built

  • Built in 2006

Lot Details

  • 4,356 Sq Ft Lot
  • Lake Front
  • Home has East and West Exposure
  • Block Wall Fence

HOA Fees

  • $285 Monthly HOA Fees

Property Views

  • Water
  • Mountain

Interior Spaces

  • 2,157 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Gas Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Home Theater
  • Vinyl Flooring

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener
  • Guest Parking

Pool

  • In Ground Pool
  • In Ground Spa
  • Outdoor Pool
  • Saltwater Pool

Outdoor Features

  • Balcony
  • Built-In Barbecue

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 696070056
  • Special Tax Authority

Community Details

Overview

  • Terra Lago Subdivision
  • Community Lake
  • Greenbelt

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Banquet Facilities
  • Billiard Room

Recreation

  • Boat Ramp
  • Boat Dock
  • Community Playground
  • Fitness Center

Security

  • 24 Hour Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,881

Year Built

Built in 2006

Lot Details

0

HOA Fees

$285 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: Yes
  • Property Orientation Faces: Front Door Faces West, Leisure Faces East
  • Levels: Two
  • Building Number Of Stories: 1
  • List Price per Sq Ft: 452.02
  • Lp Sp Ratio: 0.9900
  • View Type: Mountain(s), Water
  • Year Built: 2006
  • Listing I D: 219096658
  • Listing Member Address: 73301 Fred Waring Dr., Ste 101, Palm Desert, CA 92260
  • Listing Member Fax: (760) 844-7550
  • Listing Office Address: 73301 Fred Waring Dr., Ste 101, Palm Desert, CA 92260
  • Listing Office Fax: (760) 844-7550
  • Selling Member Address: 71-691 Highway 111, Rancho Mirage, CA 92270
  • Selling Office Address: 71-691 Highway 111, Rancho Mirage Office, Rancho Mirage, CA 92270
  • Selling Office Fax: (760) 770-6951
  • Land Type: Fee
  • Subdivision: Terra Lago
  • Special Features: None

Interior Features

  • Appliances: Dryer, Microwave Oven, Washer, Refrigerator, Ice Maker, Dishwasher
  • Fireplace: Yes
  • Fireplace Location: Family Room
  • Fireplace Features: Gas
  • Flooring: Vinyl
  • Total Bedrooms: 3
  • One Quarter Bathrooms: 1.00
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Estimated Sq Ft: 2157.00

Exterior Features

  • Other Features: Balcony
  • Built-in BBQ: Gas
  • Fencing: Block
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Salt Water
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Private
  • View: Yes
  • Waterfront: Lake

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Direct Entrance, Garage Door Opener
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Total Uncovered Assigned Spaces: 2.00

Utilities

  • Cooling Type: Air Conditioning
  • Heating: Central
  • Security: 24 Hour Security, Gated Community
  • Sewer: In, Connected and Paid

Association/Amenities

  • Community Features: Community Boat Ramp, Community Dock
  • Association #1 Frequency: Monthly
  • Gated Community: Yes

Condo/Co-op/Association

  • Association Amenities: Barbecue, Playground, Lake or Pond, Guest Parking, Greenbelt/Park, Fitness Center, Clubhouse, Billiard Room, Banquet Facilities
  • HOA Information: Yes
  • HOA Fee 1: 285.00
  • Total Monthly Association Fees: 285.00

Lot Info

  • Assessor Parcel Number: 696070056
  • Lot Location: Lake Front
  • Lot Size: 4356.00

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Yes

Tax Info

  • Mello Roos: Yes

Multi Family

  • Total Fireplaces: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2023
Closed on
Jul 27, 2023
Sold by
Brik Nicole
Bought by
Salama Richard
Seller's Agent
David Colin
HomeSmart
Buyer's Agent
Aleksandra Srdic
Bennion Deville Homes
List Price
$975,000
Sold Price
$970,000
Premium/Discount to List
-$5,000
-0.51%
Views
152
Current Estimated Value
$937,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,463
Avg. Annual Appreciation
-1.69%
Original Mortgage
$750,000
Outstanding Balance
$733,549
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$203,988

Purchase Details

Listed on
Nov 6, 2020
Closed on
Nov 10, 2020
Sold by
Cortez Humberto and Cortez Gloria A
Bought by
Brik Nicole
Seller's Agent
Alicia Gonzalez
HomeSmart
Buyer's Agent
David Colin
Coldwell Banker Residential Brokerage
List Price
$600,000
Sold Price
$550,000
Premium/Discount to List
-$50,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.29%
Original Mortgage
$520,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2019
Sold by
Cortez Humberto and Cortez Gloria A
Bought by
Cortez Gloria A and Cortez Humberto

Purchase Details

Listed on
Mar 2, 2013
Closed on
Jun 11, 2013
Sold by
Calaveras River Sun Llc
Bought by
Cortez Humberto and Cortez Gloria A
Seller's Agent
Richard Hughes
ESCALA PROPERTIES
List Price
$247,900
Sold Price
$268,000
Premium/Discount to List
$20,100
8.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.79%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Salama Richard $970,000 First American Title
Brik Nicole $550,000 Lawyers Title Company
Cortez Gloria A -- None Available
Cortez Humberto $232,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salama Richard $750,000
Previous Owner Brik Nicole $520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $970,000 -0.5% $450 / Sq Ft
06/23/2023 06/23/23 For Sale $975,000 +77.3% $452 / Sq Ft
12/16/2020 12/16/20 Sold $550,000 -8.3% $255 / Sq Ft
11/06/2020 11/06/20 Pending -- -- --
11/06/2020 11/06/20 For Sale $600,000 +123.9% $278 / Sq Ft
06/14/2013 06/14/13 Sold $268,000 +10.3% $124 / Sq Ft
06/04/2013 06/04/13 Pending -- -- --
05/03/2013 05/03/13 Price Changed $242,900 -2.0% $113 / Sq Ft
03/02/2013 03/02/13 For Sale $247,900 -- $115 / Sq Ft
Source: California Desert Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $15,881 $989,399 $296,821 $692,578
2023 $15,881 $572,220 $62,424 $509,796
2022 $11,115 $561,000 $61,200 $499,800
2021 $10,627 $550,000 $60,000 $490,000
2020 $7,324 $294,844 $78,362 $216,482
2019 $7,281 $289,064 $76,826 $212,238
2018 $7,211 $283,397 $75,321 $208,076
2017 $7,127 $277,842 $73,845 $203,997
Source: Public Records

Agents Affiliated with this Home

  • David Colin

    Seller's Agent in 2023

    David Colin

    HomeSmart

    (760) 702-4908

    84 in this area

    136 Total Sales

    David Colin
    Section Image

  • A

    Buyer's Agent in 2023

    Aleksandra Srdic

    Bennion Deville Homes

    Section Image

  • A

    Seller's Agent in 2020

    Alicia Gonzalez

    HomeSmart

    (760) 600-6988

    6 in this area

    7 Total Sales

    Alicia Gonzalez
    Section Image

  • R

    Seller's Agent in 2013

    Richard Hughes

    ESCALA PROPERTIES

    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219096658

California Desert Association of REALTORS®

APN: 696-070-056

California Riverside County Indio 92203

43240 Bacino Ct, Indio, CA

This home is located at 43240 Bacino Ct, Indio, CA 92203 since 23 June 2023 and is currently estimated at $937,537, approximately $434 per square foot. This property was built in 2006. 43240 Bacino Ct is a home located in Riverside County with nearby schools including Andrew Jackson Elementary School, Desert Ridge Academy, and Shadow Hills High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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