Seller's Agent in 2022
David Colin
HomeSmart
(760) 702-4908
83 in this area
134 Total Sales
Estimated Value: $915,000 - $1,099,000
4
Beds
3
Baths
3,142
Sq Ft
$316/Sq Ft
Est. Value
Highlights
- Fitness Center
- Gated Community
- Community Lake
- In Ground Pool
- Mountain View
- Clubhouse
About This Home
As of August 2022On your mark, set go!! Here's an absolute masterpiece of a property for sale in the highly sought after community of Terra Lago with no rental restrictions. This property is a successful vacation rental that is being offer turn-key and is furnished for today's short term rental needs and is ready to generate top income for the savvy investor. Similar properties in the community generate north of $130,000 yearly in vacation rental income and this listing will do the same or more. This home has a three car garage, unobstructed gorgeous eastern mountain views from the backyard pool and murals for the wow factor that your guest will love. The interior has a desirable wide open floor plan that encompasses all the living areas. There's four bedrooms, three baths and a potential to convert to a desired fifth bedroom. This home is a definite winner and will stand out amongst the competition in the community. This investment property will be a great addition to your real estate portfolio. If you're looking for a property to generate residual income for years to come, then look no further!
Last Buyer's Agent
David Colin
Coldwell Banker Residential Brokerage
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $17,076
Year Built
- Built in 2005
Lot Details
- 8,712 Sq Ft Lot
- Home has East and West Exposure
- Block Wall Fence
- Sprinkler System
HOA Fees
- $269 Monthly HOA Fees
Interior Spaces
- 3,142 Sq Ft Home
- 1-Story Property
- Furnished
- Gas Fireplace
- Family Room
- Living Room with Fireplace
- Mountain Views
Kitchen
- Gas Cooktop
- Microwave
- Freezer
- Dishwasher
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 3 Car Attached Garage
- Driveway
Pool
- In Ground Pool
- Outdoor Pool
- In Ground Spa
Utilities
- Central Heating and Cooling System
- Sewer Assessments
Listing and Financial Details
- Assessor Parcel Number 696200075
- Special Tax Authority
Community Details
Overview
- Association fees include cable TV
- Terra Lago Subdivision
- Community Lake
Amenities
- Community Barbecue Grill
- Clubhouse
- Banquet Facilities
- Recreation Room
Recreation
- Community Playground
- Fitness Center
Security
- 24 Hour Access
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 14, 2022
Closed on
Jul 26, 2022
Sold by
84Lago Llc
Bought by
Luo And Liang Family Trust
Seller's Agent
David Colin
HomeSmart
Buyer's Agent
David Colin
Coldwell Banker Residential Brokerage
List Price
$1,099,000
Sold Price
$1,010,000
Premium/Discount to List
-$89,000
-8.1%
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
-$16,346
Avg. Annual Appreciation
-0.51%
Original Mortgage
$606,000
Outstanding Balance
$580,719
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$412,935
Purchase Details
Listed on
Aug 30, 2020
Closed on
Sep 10, 2020
Sold by
Branson Grandchildren Llc
Bought by
84Lago Llc Or Assignees Llc
Seller's Agent
David Colin
HomeSmart
Buyer's Agent
David Colin
Coldwell Banker Residential Brokerage
List Price
$549,900
Sold Price
$530,000
Premium/Discount to List
-$19,900
-3.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.17%
Purchase Details
Closed on
Feb 28, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Branson Grandchildren Llc
Purchase Details
Closed on
Dec 16, 2009
Sold by
Luciano Johnson D and Luciano Maria C
Bought by
Deutsche Bank National Trust Company
Purchase Details
Closed on
May 5, 2006
Sold by
Lennar Homes Of California Inc
Bought by
Luciano Johnson D and Luciano Maria C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$433,681
Interest Rate
6.99%
Mortgage Type
Fannie Mae Freddie Mac
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 |
|---|---|---|---|
| Luo And Liang Family Trust | $1,010,000 | Lawyers Title | |
| 84Lago Llc Or Assignees Llc | $530,000 | Lawyers Title Company | |
| Branson Grandchildren Llc | $223,000 | Security Union Pacific Coast | |
| Deutsche Bank National Trust Company | $232,364 | None Available | |
| Luciano Johnson D | $542,500 | North American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Luo And Liang Family Trust | $606,000 | |
| Previous Owner | Luciano Johnson D | $433,681 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/01/2022 08/01/22 | Sold | $1,010,000 | -8.1% | $321 / Sq Ft | |
| 06/14/2022 06/14/22 | For Sale | $1,099,000 | +107.4% | $350 / Sq Ft | |
| 09/17/2020 09/17/20 | Sold | $530,000 | -3.6% | $169 / Sq Ft | View Prior Sale |
| 08/30/2020 08/30/20 | For Sale | $549,900 | -- | $175 / Sq Ft |
Source: California Desert Association of REALTORS®
Tax History Compared to Growth
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 | $17,076 | $1,050,804 | $93,636 | $957,168 |
| 2023 | $17,076 | $1,010,000 | $90,000 | $920,000 |
| 2022 | $11,181 | $540,600 | $86,700 | $453,900 |
| 2021 | $10,859 | $530,000 | $85,000 | $445,000 |
| 2020 | $7,749 | $302,765 | $53,286 | $249,479 |
| 2019 | $7,722 | $296,830 | $52,242 | $244,588 |
| 2018 | $7,655 | $291,011 | $51,218 | $239,793 |
| 2017 | $7,584 | $285,306 | $50,214 | $235,092 |
Source: Public Records
Agents Affiliated with this Home
-
David Colin
Map
Source: California Desert Association of REALTORS®
MLS Number: 219080352
APN: 696-200-075
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.
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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