NOT LISTED FOR SALE

48573 Cascade St Indio, CA 92201

Estimated Value: $1,562,000 - $1,686,000

6 Beds
3 Baths
3,050 Sq Ft
$530/Sq Ft Est. Value

Last Sold July 24, 2024

Last sale price $1,600,000 $525 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $10,437/month

112 Days on Market

Highlights

  • In Ground Pool
  • 15,246 Sq Ft lot
  • Great Room
  • Gated Community
  • Furnished
  • 2 Car Attached Garage

About This Home

As of July 2024

Welcome to The Montage, an exclusive gated community just moments away from the renowned Coachella/Stagecoach Polo Fields. It stands out as one of the rare gated communities where the homeowners' association not only permits but actively safeguards the rights of homeowners to engage in short-term rentals. This unique aspect, combined with the upscale and meticulously maintained homes, has positioned this neighborhood as one of the most lucrative opportunities for return on investment. The community has also established a large and growing base of repeat vacationers, making it an attractive destination for those seeking to profit from short-term rentals.This particular home is offered turnkey furnished, presenting an ideal scenario for an investor to seamlessly assume ownership and operation. Furthermore, the property has already secured future reservations for the remainder of 2024, further bolstering its appeal as a lucrative investment opportunity.Boasting an array of entertainment amenities such as a billiard table, putting green, and shuffle board, this property has been meticulously designed to cater to leisure and recreation. Beyond its entertainment offerings, the home also exudes luxury and privacy, making it a compelling prospect for discerning investors and vacationers alike. This is an opportunity not to be missed!

Last Agent to Sell the Property

Michael Smith

Vacaystay Real Estate License #02119749 Listed on: 02/22/2024

Last Buyer's Agent

Lisa Hemmat

West Shores Realty, Inc. License #01740883

West Shores Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,875

Year Built

  • Built in 2004

Lot Details

  • 0.35 Acre Lot
  • Block Wall Fence
  • Brick Fence
  • Sprinkler System

HOA Fees

  • $150 Monthly HOA Fees

Interior Spaces

  • 3,050 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Decorative Fireplace
  • Raised Hearth
  • Fireplace With Glass Doors
  • Fireplace With Gas Starter
  • Electric Fireplace
  • Great Room
  • Living Room with Fireplace

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Outdoor Pool

Additional Features

  • Ground Level
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 602410033

Community Details

Overview

  • Montage At Santa Rosa Subdivision
  • Planned Unit Development

Security

  • Resident Manager or Management On Site
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,875

Year Built

Built in 2004

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: Ground
  • Building Number Of Stories: 1
  • Included In Sale: Turnkey Furnished
  • List Price per Sq Ft: 557.38
  • Lp Sp Ratio: 0.9400
  • Year Built: 2004
  • Listing I D: 219107308
  • Listing Member Address: 78115 Calle Estado Ste 203, La Quinta, CA 92253
  • Listing Office Address: 78115 Calle Estado Ste 203, La Quinta, CA 92253
  • Listing Office Fax: (760) 777-6615
  • Selling Office Address: 449 Silver Spur Rd, Rolling Hills Estates, CA 90274-3574
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Montage at Santa Rosa
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Fireplace Features: Decorative, Electric, Gas Starter, Glass Doors, Raised Hearth
  • Flooring: Carpet, Stone Tile
  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Estimated Sq Ft: 3050.00

Exterior Features

  • Fencing: Block, Brick
  • Pool: Yes
  • Pool Accessories: Unknown
  • Pool Construction: In Ground
  • Pool Description: Private
  • Pool Location: Private
  • Planned Unit Development: Yes
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Heated, Private

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Driveway, Garage Door Opener
  • Total Covered Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Total Uncovered Assigned Spaces: 2.00

Utilities

  • Cooling Type: Air Conditioning, Ceiling Fan(s), Central Air
  • Heating: Central, Fireplace(s)
  • Security: Gated Community
  • Sewer: In, Connected and Paid

Association/Amenities

  • Association #1 Frequency: Monthly
  • Gated Community: Yes

Condo/Co-op/Association

  • Association Amenities: Management, Pet Rules
  • HOA Information: Yes
  • HOA Fee 1: 150.00
  • Total Monthly Association Fees: 150.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 602410033
  • Irrigation: Sprinkler System
  • Lot Size: 15246.00

Rental Info

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

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2024
Closed on
Jul 3, 2024
Sold by
Maclurg Andrew and Lee Jonathan
Bought by
Hemmat Lisa M and Lupercio Levi S
Seller's Agent
Michael Smith
Vacaystay Real Estate
Buyer's Agent
Lisa Hemmat
West Shores Realty, Inc.
List Price
$1,700,000
Sold Price
$1,600,000
Premium/Discount to List
-$100,000
-5.88%
Views
22
Current Estimated Value
$1,616,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,810
Avg. Annual Appreciation
0.87%
Original Mortgage
$500,000
Outstanding Balance
$493,889
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$1,122,921

Purchase Details

Closed on
Mar 31, 2023
Sold by
Lee Jonathan
Bought by
Maclurg Andrew and Lee Jonathan

Purchase Details

Listed on
May 12, 2021
Closed on
Jul 7, 2021
Sold by
Cascade Partners Llc
Bought by
Lee Jonathan
Seller's Agent
Jesse Sanchez
Compass
Buyer's Agent
Jesse Sanchez
Compass
List Price
$1,449,999
Sold Price
$1,450,000
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.60%
Original Mortgage
$1,160,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 8, 2020
Closed on
Oct 9, 2020
Sold by
Most Michael and Most Rebecca
Bought by
Cascade Partners Llc
Seller's Agent
John Miller
Bennion Deville Homes
Buyer's Agent
Adam Gilbert
The Firm Brokerage
List Price
$899,000
Sold Price
$915,000
Premium/Discount to List
$16,000
1.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
76.54%
Original Mortgage
$510,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 8, 2020
Closed on
Aug 17, 2020
Sold by
Sandage Sharon L and Sandage Rusty D
Bought by
Most Michael and Most Rebecca
Seller's Agent
John Miller
Bennion Deville Homes
Buyer's Agent
Adam Gilbert
The Firm Brokerage
List Price
$899,000
Sold Price
$915,000
Premium/Discount to List
$16,000
1.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2011
Sold by
Graham Douglas Allan and Graham Anita Louise
Bought by
Sandage Sharon L and Sandage Rusty D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2004
Sold by
Zaphiro Group Llc
Bought by
Graham Douglas Allan and Graham Anita Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,199
Interest Rate
1%
Mortgage Type
Purchase Money Mortgage
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
Hemmat Lisa M $1,600,000 Lawyers Title
Maclurg Andrew -- None Listed On Document
Lee Jonathan $1,450,000 Fidelity National Title Co
Cascade Partners Llc -- None Available
Most Michael $915,000 Equity Title
Sandage Sharon L $405,000 Western Resources Title
Graham Douglas Allan $579,000 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hemmat Lisa M $500,000
Previous Owner Lee Jonathan $1,160,000
Previous Owner Most Michael $510,000
Previous Owner Sandage Sharon L $150,000
Previous Owner Graham Douglas Allan $463,199
Closed Graham Douglas Allan $57,965
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/24/2024 07/24/24 Sold $1,600,000 -5.9% $525 / Sq Ft
06/13/2024 06/13/24 Pending -- -- --
03/05/2024 03/05/24 For Sale $1,700,000 -5.6% $557 / Sq Ft
02/22/2024 02/22/24 Pending -- -- --
02/22/2024 02/22/24 For Sale $1,800,000 +24.1% $590 / Sq Ft
07/09/2021 07/09/21 Sold $1,450,000 0.0% $475 / Sq Ft View Prior Sale
05/28/2021 05/28/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $1,449,999 +58.5% $475 / Sq Ft
09/16/2020 09/16/20 Sold $915,000 +1.8% $300 / Sq Ft View Prior Sale
08/30/2020 08/30/20 Pending -- -- --
08/08/2020 08/08/20 For Sale $899,000 -- $295 / 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 $20,875 $1,610,000 $500,000 $1,110,000
2023 $20,875 $1,479,000 $357,000 $1,122,000
2022 $20,881 $1,450,000 $350,000 $1,100,000
2021 $13,445 $915,000 $150,000 $765,000
2020 $6,590 $465,135 $139,538 $325,597
2019 $6,461 $456,015 $136,802 $319,213
2018 $6,325 $447,074 $134,120 $312,954
2017 $6,328 $438,309 $131,491 $306,818
2016 $6,097 $429,715 $128,913 $300,802
2015 $5,813 $423,263 $126,978 $296,285
2014 $5,786 $414,974 $124,492 $290,482
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219107308

California Desert Association of REALTORS®

APN: 602-410-033