NOT LISTED FOR SALE

48816 Classic Dr La Quinta, CA 92253

Estimated Value: $766,000 - $831,000

3 Beds
3 Baths
1,706 Sq Ft
$750/ mo HOA Fee

Last Sold October 07, 2022

Last sale price $772,500 $453 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,718/month

97 Days on Market

Highlights

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

About This Home

As of October 2022

A downstairs three bedroom, three bathroom Legacy Villas lock-off. Located near the front of the community across the street from the children's pool and clubhouse, the property puts you in the middle of one of the desert's premier resort condo communities. The unit features three lock-off suites that combine to create a spacious floor plan that still affords privacy for each guest. A full kitchen with every major appliance and a living/dining area that opens to a private patio provide ample living space for families to gather. Two master suites each with en-suite bathrooms and private entrances give owners the ability to use or rent the condo in a variety of configurations. A guest bedroom across from a third bathroom and a stacked washer/dryer sit in hallway between the living area and second master. Just steps from the main pool area and a 5-10 minute walk to La Quinta Resort, you and your guests will enjoy the best the Coachella Valley lifestyle has to offer. Legacy Villas is an energetic vacation rental friendly community of 280 condominiums. Special zoning provides owners the ability to use and/or rent their properties short-term. This property has been a high-performing vacation rental for the past 5 years. The listing broker also owns the leasing/management company and can provide income history and projections upon request. Close on this condo and cover your ownership expenses from day one. An excellent opportunity for owner use and rental income awaits

Last Agent to Sell the Property

Quinn Tamm

California Vacation Villas License #01877277 Listed on: 06/09/2022

Last Buyer's Agent

Quinn Tamm

California Vacation Villas License #01877277 Listed on: 06/09/2022

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2007

Lot Details

  • 2,614

HOA Fees

  • $750 Monthly HOA Fees

Interior Spaces

  • 1,706 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • 2 Fireplaces
  • Mountain Views

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Home Security

Parking

  • 1 Carport Space
  • 1 Car Parking Space
  • On-Street Parking
  • Assigned Parking

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 658425027

Community Details

Overview

  • Association fees include building & grounds, trash, security, insurance, cable TV, clubhouse
  • 280 Units
  • Legacy Villas Subdivision
  • On-Site Maintenance
  • Planned Unit Development

Amenities

  • Clubhouse

Recreation

  • Fitness Center

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Security Service
  • Resident Manager or Management On Site
  • 24 Hour Access
  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2007

Lot Details

2,614 Sq Ft Lot

HOA Fees

$750 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Property Attached/Detached: Yes
  • Levels: Ground
  • Building Number Of Stories: 3
  • Included In Sale: Turnkey furnished per seller inventory.
  • List Price per Sq Ft: 468.35
  • Lp Sp Ratio: 0.9700
  • Unit Total In Complex: 280
  • View Type: Mountain(s)
  • Year Built: 2007
  • Listing I D: 219080161
  • 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
  • Subdivision: Legacy Villas
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room, Master Bedroom
  • Fireplace Features: Gas Log
  • Flooring: Carpet, Tile
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Estimated Sq Ft: 1706.00

Exterior Features

  • Planned Unit Development: Yes
  • View: Yes

Garage/Parking

  • Parking: Assigned, On Street
  • Total Carport Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • TV Svcs: Cable TV
  • Cooling Type: Air Conditioning, Central Air, Ceiling Fan(s)
  • Heating: Central, Forced Air
  • Security: 24 Hour Security, Gated Community, Fire Sprinkler System, Community
  • Sewer: In, Connected and Paid

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, Insurance, Cable TV, Clubhouse
  • Association Amenities: Clubhouse, Management, Maintenance Grounds, Fitness Center
  • HOA Information: Yes
  • HOA Fee 1: 750.00
  • Total Monthly Association Fees: 750.00

Lot Info

  • Assessor Parcel Number: 658425027
  • Lot Size: 2412.00

Rental Info

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

Multi Family

  • Total Fireplaces: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2022
Closed on
Aug 30, 2022
Sold by
Glaser Guy H and Glaser Letty E
Bought by
Sunny Beach Llc
Seller's Agent
Quinn Tamm
California Vacation Villas
Buyer's Agent
Quinn Tamm
California Vacation Villas
List Price
$799,000
Sold Price
$772,500
Premium/Discount to List
-$26,500
-3.32%
Views
49
Current Estimated Value
$793,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,733
Avg. Annual Appreciation
0.77%

Purchase Details

Closed on
Jan 20, 2009
Sold by
Centex Homes
Bought by
Legacy Villas At La Quinta Homeowners As

Purchase Details

Closed on
Jun 25, 2007
Sold by
Centex Homes
Bought by
Glaser Guy H and Glaser Letty E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Sunny Beach Llc $772,500 Fidelity National Title
Legacy Villas At La Quinta Homeowners As -- Commerce Title
Glaser Guy H $555,000 Commerce Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Glaser Guy H $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2022 10/07/22 Sold $772,500 -3.3% $453 / Sq Ft
09/14/2022 09/14/22 Pending -- -- --
06/09/2022 06/09/22 For Sale $799,000 -- $468 / Sq Ft
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 $10,078 $803,709 $104,040 $699,669
2023 $10,078 $772,500 $100,000 $672,500
2022 $6,710 $517,412 $155,079 $362,333
2021 $5,502 $420,660 $126,080 $294,580
2020 $4,991 $382,418 $114,618 $267,800
2019 $4,857 $371,280 $111,280 $260,000
2018 $4,685 $357,000 $107,000 $250,000
2017 $4,586 $347,000 $104,000 $243,000
2016 $4,590 $347,000 $104,000 $243,000
2015 $4,537 $336,000 $101,000 $235,000
2014 $4,547 $336,000 $101,000 $235,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219080161

California Desert Association of REALTORS®

APN: 658-425-027

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