NOT LISTED FOR SALE

48516 Legacy Dr La Quinta, CA 92253

Estimated Value: $734,000 - $920,000

3 Beds
3 Baths
1,739 Sq Ft
$750/mo HOA Fee

Last Sold January 12, 2022

Last sale price $780,000 $449 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,061/month

28 Days on Market

Highlights

  • Fitness Center
  • Mountain View
  • Fireplace in Primary Bedroom
  • Gated Community
  • Clubhouse
  • Furnished

About This Home

As of January 2022

A single story three bedroom, three bathroom townhome at Legacy Villas in La Quinta. The condo features a spacious great room, full kitchen, private patio and an attached two car garage. Three bedrooms, two with en-suite bathrooms and the other with a bathroom directly across the hall provide for privacy in sleeping arrangements. The open living/dining area adjacent to a full kitchen makes the condo perfect for family gatherings and a private patio accessible from the living room and master bedroom allows for indoor/outdoor use in all seasons. Enjoy views of the Santa Rosa mountains from patio and cool off during warm desert days in one of multiple community pools just steps away. The townhome is located towards the back of the community which is located in a quiet mountain cove. Legacy Villas is a family friendly gated community of 280 condos in the heart of La Quinta. The community affords owners the ability to use and/or rent their homes short-term. This property is an established vacation rental with over $48k in gross rental revenue YTD and over $16k in reservations on the books in the first part of 2022. The listing broker also owns the leasing/management company (California Vacation Villas) and can provide more information about rental history and leasing/management programs upon request. Look no further if you want a desert getaway in a prime location with excellent income potential!

Last Agent to Sell the Property

Quinn Tamm

California Vacation Villas License #01877277 Listed on: 11/22/2021

Last Buyer's Agent

Quinn Tamm

California Vacation Villas License #01877277 Listed on: 11/22/2021

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2006

Lot Details

  • 2,178

HOA Fees

  • $750 Monthly HOA Fees

Home Design

  • Slab Foundation

Interior Spaces

  • 1,739 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Mountain Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Gas Water Heater

Additional Features

  • Sprinkler System
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 658424047

Community Details

Overview

  • Association fees include building & grounds, trash, security, cable TV, clubhouse
  • Legacy Villas Subdivision
  • Planned Unit Development

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Fitness Center

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Resident Manager or Management On Site
  • Controlled Access
  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2006

Lot Details

0

HOA Fees

$750 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Attached/Detached: Yes
  • Levels: Ground
  • Building Number Of Stories: 2
  • Included In Sale: Turnkey furnished per seller inventory
  • List Price per Sq Ft: 448.53
  • Lp Sp Ratio: 1.0000
  • View Type: Mountain(s)
  • Water District Name: Coachella Valley Water Distric
  • Year Built: 2006
  • Listing I D: 219070641
  • Listing Member Address: 120 Newport Center Dr, Newport Beach, CA 92660
  • Listing Office Address: 120 Newport Center Dr, Newport Beach, CA 92660
  • Listing Office Fax: (949) 407-5074
  • Selling Member Address: 120 Newport Center Dr, Newport Beach, CA 92660
  • Selling Office Address: 120 Newport Center Dr, Newport Beach, CA 92660
  • Selling Office Fax: (949) 407-5074
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Legacy Villas
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Cooktop, Gas Oven, Washer, Refrigerator, Dishwasher
  • Fireplace: Yes
  • Fireplace Location: Living Room, Master Bedroom
  • Fireplace Features: Gas
  • Flooring: Carpet, Tile
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Eating Areas: Dining Area
  • Kitchen Features: Granite Counters
  • Estimated Sq Ft: 1739.00

Exterior Features

  • Foundation: Slab
  • Planned Unit Development: Yes
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Garage Door Opener
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Cooling Type: Air Conditioning, Electric, Central Air, Ceiling Fan(s)
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Security: 24 Hour Security, Gated Community, Fire Sprinkler System
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas

Association/Amenities

  • Association #1 Frequency: Monthly
  • Pet Rules: Assoc Pet Rules
  • Gated Community: Yes

Condo/Co-op/Association

  • Association Fees Include: Building & Grounds, Trash, Security, Cable TV, Clubhouse
  • Association Amenities: Barbecue, Pet Rules, Management, Fitness Center, Clubhouse, Controlled Access
  • HOA Information: Yes
  • HOA Fee 1: 750.00
  • Total Monthly Association Fees: 750.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 658424047
  • Irrigation: Sprinkler System
  • Lot Size: 2388.00

Rental Info

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

Multi Family

  • Total Fireplaces: 1

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2021
Closed on
Dec 30, 2021
Sold by
Ross Gilles Jack
Bought by
Houlihan Living Trust
Seller's Agent
Quinn Tamm
California Vacation Villas
Buyer's Agent
Quinn Tamm
California Vacation Villas
List Price
$780,000
Sold Price
$780,000
Current Estimated Value
$838,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,097
Avg. Annual Appreciation
1.79%
Original Mortgage
$390,000
Outstanding Balance
$359,150
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$478,947

Purchase Details

Closed on
Aug 24, 2020
Sold by
Merrick Andrea Lynn
Bought by
Degroot Steven Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2007
Sold by
Gilles Jeffery R and Gilles Susan D
Bought by
Gilles Jeffery R and Gilles Susan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,200
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2007
Sold by
Centex Homes
Bought by
Gilles Jeffery R and Gilles Susan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,200
Interest Rate
6.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Houlihan Living Trust $780,000 Chicago Title
Degroot Steven Michael -- First American Title Company
Gilles Jack Ross $400,000 First American Title Company
Gilles Jeffery R -- None Available
Gilles Jeffery R $499,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Houlihan Living Trust $390,000
Previous Owner Degroot Steven Michael $360,000
Previous Owner Gilles Jeffery R $399,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2022 01/12/22 Sold $780,000 0.0% $449 / Sq Ft
12/20/2021 12/20/21 Pending -- -- --
11/22/2021 11/22/21 For Sale $780,000 0.0% $449 / Sq Ft
09/05/2012 09/05/12 Rented $2,000 0.0% --
09/01/2012 09/01/12 Under Contract -- -- --
05/24/2012 05/24/12 For Rent $2,000 -- --
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 $10,367 $827,741 $106,120 $721,621
2023 $10,367 $795,600 $102,000 $693,600
2022 $5,370 $408,000 $102,000 $306,000
2021 $5,249 $400,000 $100,000 $300,000
2020 $5,862 $454,189 $158,538 $295,651
2019 $5,703 $440,960 $153,920 $287,040
2018 $5,498 $424,000 $148,000 $276,000
2017 $5,508 $423,000 $147,000 $276,000
2016 $5,881 $454,000 $158,000 $296,000
2015 $5,988 $454,000 $158,000 $296,000
2014 $5,262 $394,000 $137,000 $257,000
Source: Public Records

Agents Affiliated with this Home

  • Q

    Seller's Agent in 2022

    Quinn Tamm

    California Vacation Villas

    (760) 899-2765

    14 in this area

    17 Total Sales

    Quinn Tamm
    Section Image

  • B

    Seller's Agent in 2012

    Brenda McKenney

    California Lifestyle Realty

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 219070641

California Desert Association of REALTORS®

APN: 658-424-047

California Riverside County La Quinta 92253

48516 Legacy Dr, La Quinta, CA

Not Listed for Sale

Condos

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