NOT LISTED FOR SALE

48608 Legacy Dr La Quinta, CA 92253

Estimated Value: $660,084 - $857,000

3 Beds
3 Baths
1,706 Sq Ft
$692/mo HOA Fee

Last Sold January 13, 2012

Last sale price $295,000 $173 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $5,094/month

398 Days on Market

Highlights

  • Fitness Center
  • Lap Pool
  • Panoramic View
  • Unit is on the top floor
  • Two Primary Bedrooms
  • Gated Community

About This Home

As of January 2012

If you are looking for a great investment opportunity- this home is perfect for a 1031 exchange. It already has MAJOR bookings for Fall 2011 and winter/spring 2012! And wait until you see the staggering mountain vistas from this second story Villa!!!! This is what people come to the desert for! This turnkey furnished home over looks the pool and is just a short walk away from one of the nicest clubhouse/fitness centers in the desert at the Legacy Villa complex. The three bedroom home(two masters and a guest suite) has a granite kitchen, bathrooms, high end appliances, furnishings, 3 fireplaces and plantation shutters. You cant beat the location at the end of a cul de sac. What a perfect desert retreat and/or vacation rental! This home locks off into three separate rooms or rent it out as a whole unit. Dont miss this fabulous opportunity at one of the premier communities in the desert!

Last Agent to Sell the Property

Diana Vietor

California Lifestyle Realty License #01240357 Listed on: 12/10/2010

Last Buyer's Agent

Anita McGregor

Anita McGregor, Broker License #00672270

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2006

Lot Details

  • West Facing Home
  • Level Lot

HOA Fees

  • $692 Monthly HOA Fees

Parking

  • Guest Parking

Property Views

  • Panoramic
  • Mountain

Home Design

  • Spanish Architecture
  • Turnkey
  • Tile Roof
  • Stucco Exterior

Interior Spaces

  • 1,706 Sq Ft Home
  • 1-Story Property
  • Entryway
  • Living Room with Fireplace
  • Home Gym
  • Laundry Room

Kitchen

  • Galley Kitchen
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Double Master Bedroom
  • 3 Full Bathrooms
  • Secondary bathroom tub or shower combo
  • Shower Only in Secondary Bathroom

Pool

  • Lap Pool
  • In Ground Pool
  • Spa

Outdoor Features

  • Balcony

Location

  • Unit is on the top floor
  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Property is located within a water district
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 658422004

Community Details

Overview

  • Association fees include cable TV, clubhouse, insurance
  • Legacy Villas Subdivision, Villa Floorplan

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Recreation Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed with Restrictions

Security

  • 24 Hour Access
  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 2006

Lot Details

0

HOA Fees

$692 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Orientation Faces: Front Door Faces West
  • Levels: One, Top
  • Builder Model Name: VILLA
  • Builders Tract Code: Legacy Villas
  • Building Style: Spanish
  • Entry Location: Ground Level w/Steps
  • List Price per Sq Ft: 192.85
  • Lp Sp Ratio: 0.8967
  • View Type: Mountain(s), Panoramic
  • Year Built: 2006
  • Listing I D: 21416049
  • Listing Member Address: 50200 Avenida Vista Bonita, La Quinta, CA 92253
  • Listing Member Fax: (760) 564-0200
  • Listing Office Address: 50200 Avenida Vista Bonita, La Quinta, CA 92253
  • Listing Office Fax: (760) 564-0200
  • Selling Office Address: 80455 Pebble Beach, Indio, CA 92201
  • Selling Office Fax: (760) 345-4911
  • Land Type: Fee
  • Subdivision: Legacy Villas
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Fireplace: Yes
  • Fireplace Location: Living Room, Master Bedroom
  • Flooring: Carpet, Ceramic Tile
  • Bedroom Features: 2 Master Bedrooms, All Bedrooms Up
  • Total Bedrooms: 3
  • Bathroom Features: Shower & Tub, Shower Stall
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Kitchen Features: Galley Kitchen
  • Laundry: Laundry Area
  • Estimated Sq Ft: 1706.00

Exterior Features

  • Construction: Stucco
  • Other Features: Balcony
  • Roofing: Tile
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Lap
  • Pool Location: Community
  • Spa Hot Tub: Yes
  • Spa Hot Tub Description: Community
  • View: Yes

Garage/Parking

  • Parking: Guest

Utilities

  • TV Svcs: Cable TV
  • Cooling Type: Air Conditioning, Central Air
  • Heating: Forced Air
  • Security: 24 Hour Security
  • Sewer: In, Connected and Paid
  • Water: Water District

Condo/Co-op/Association

  • Association Fees Include: Cable TV, Clubhouse, Insurance
  • Association Amenities: Barbecue, Clubhouse, Fitness Center, Recreation Room
  • HOA Information: Yes
  • HOA Fee 1: 692.00
  • Total Monthly Association Fees: 692.00
  • Unit Location: Second Floor

Association/Amenities

  • Pet Rules: Assoc Pet Rules
  • Gated Community: Yes

Lot Info

  • Assessor Parcel Number: 658422004
  • Lot Description: Level, Street Paved

Rental Info

  • Furnished: Turnkey
  • Land Lease Type: Fee Simple

MLS Schools

  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2023
Sold by
Ashman Phillip and Ashman Jacqueline
Bought by
Ashman Family Trust and Ashman
Current Estimated Value
$774,262

Purchase Details

Listed on
Dec 10, 2010
Closed on
Dec 22, 2011
Sold by
Castells Robert E
Bought by
Crary Bruce Paterson
Seller's Agent
Diana Vietor
California Lifestyle Realty
Buyer's Agent
Anita McGregor
Anita McGregor, Broker
List Price
$329,000
Sold Price
$295,000
Premium/Discount to List
-$34,000
-10.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.10%

Purchase Details

Closed on
Nov 15, 2010
Sold by
Castells Robert E
Bought by
Castells Robert E

Purchase Details

Closed on
Jan 5, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Castells Robert E

Purchase Details

Closed on
Jul 1, 2008
Sold by
Pingaro Donald G
Bought by
Wachovia Bank Na

Purchase Details

Closed on
Apr 26, 2007
Sold by
Pingaro Courtnee Lyn
Bought by
Pingaro Ii Donald G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,250
Interest Rate
6.14%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 18, 2007
Sold by
Cobbold Alexander
Bought by
Pingaro Ii Donald G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,250
Interest Rate
6.14%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 2, 2006
Sold by
Centex Homes
Bought by
Cobbold Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
10.1%
Mortgage Type
Fannie Mae Freddie Mac
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
Ashman Family Trust -- None Listed On Document
Crary Bruce Paterson $275,000 Lawyers Title
Castells Robert E -- None Available
Castells Robert E $315,000 California Title Company
Hsbc Bank Usa National Association -- California Title Company
Wachovia Bank Na $381,750 Accommodation
Pingaro Ii Donald G -- Multiple
Pingaro Ii Donald G $815,000 Multiple
Cobbold Alexander $775,000 Commerce Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pingaro Ii Donald G $122,250
Previous Owner Pingaro Ii Donald G $611,250
Previous Owner Cobbold Alexander $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2012 01/13/12 Sold $295,000 -10.3% $173 / Sq Ft
12/14/2011 12/14/11 For Sale $329,000 +11.5% $193 / Sq Ft
11/23/2011 11/23/11 Off Market $295,000 -- --
08/27/2011 08/27/11 Price Changed $329,000 -5.7% $193 / Sq Ft
05/18/2011 05/18/11 Price Changed $349,000 -6.9% $205 / Sq Ft
04/28/2011 04/28/11 For Sale $375,000 +27.1% $220 / Sq Ft
03/03/2011 03/03/11 Off Market $295,000 -- --
12/10/2010 12/10/10 For Sale $375,000 -- $220 / 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 $4,577 $345,403 $100,476 $244,927
2023 $4,577 $331,992 $96,575 $235,417
2022 $4,359 $325,483 $94,682 $230,801
2021 $4,258 $319,102 $92,826 $226,276
2020 $4,183 $315,831 $91,875 $223,956
2019 $4,109 $309,639 $90,074 $219,565
2018 $4,036 $303,568 $88,309 $215,259
2017 $3,987 $297,617 $86,578 $211,039
2016 $3,924 $291,782 $84,881 $206,901
2015 $3,939 $287,402 $83,607 $203,795
2014 $3,879 $281,773 $81,970 $199,803
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 21416049

California Desert Association of REALTORS®

APN: 658-422-004