NOT LISTED FOR SALE

48856 Renewal St Indio, CA 92201

Estimated Value: $1,381,000 - $1,647,000

5 Beds
4 Baths
3,308 Sq Ft
$455/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $1,550,000 $469 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $9,110/month

126 Days on Market

Highlights

  • In Ground Pool
  • Living Room with Fireplace
  • 3 Car Attached Garage
  • Gated Community
  • Great Room
  • Laundry Room

About This Home

As of July 2024

Here is your chance to buy in the highly sought-after community of Montage at Santa Rosa. This newly remodeled 5-bedroom home has unbelievable money-making potential, as the HOA allows Short-term rentals. Montage is located a short distance to Coachella and Stagecoach, which makes this an incredible investment opportunity. Professionally decorated to the nines with an eclectic mix of old and new styles. Offered fully, furnished...this is the opportunity you have been waiting for! The backyard highlights include a sparkling pool and spa, fire pit, grassy areas, play spaces, a peaceful hammock and an incredible gazebo housing a professional-grade outdoor kitchen. Having such profitability, these Montage properties fly off the market, schedule your private tour today. Showing days/times are limited, as this popular property has guest stays booked throughout the year.

Last Agent to Sell the Property

Nick Balsamo

BHG Desert Lifestyle Properties License #01465076 Listed on: 03/01/2024

Co-Listed By

Carl Roetemeyer

BHG Desert Lifestyle Properties License #01476460

Last Buyer's Agent

Angela Maciel-Gibbons

Bennion Deville Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,865

Year Built

  • Built in 2005

Lot Details

  • 0.3 Acre Lot
  • Home has East and West Exposure
  • Block Wall Fence
  • Drip System Landscaping
  • Sprinklers on Timer

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • Turnkey
  • Tile Roof

Interior Spaces

  • 3,308 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Great Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Pool

  • In Ground Pool
  • In Ground Spa
  • Outdoor Pool

Outdoor Features

  • Outdoor Fireplace

Utilities

  • Two cooling system units
  • Forced Air Heating and Cooling System
  • Property is located within a water district

Listing and Financial Details

  • Assessor Parcel Number 616460032

Community Details

Overview

  • Montage At Santa Rosa Subdivision
  • On-Site Maintenance

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,865

Year Built

Built in 2005

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces West, Leisure Faces East
  • Levels: Ground Level, No Unit Above
  • Building Number Of Stories: 2
  • Included In Sale: Fully turn-key furnished, per inventory
  • List Price per Sq Ft: 483.37
  • Lp Sp Ratio: 0.9700
  • Water District Name: Indio Water Authority
  • Year Built: 2005
  • Co Listing Office Address: 73260 El Paseo Dr, Ste 3A, Palm Desert, CA 92260
  • Listing I D: 219107726
  • Listing Office Address: 73260 El Paseo Dr, Ste 3A, Palm Desert, CA 92260
  • Selling Office Address: 47060 Washington Street, #5101, La Quinta, CA 92253
  • Selling Office Fax: (760) 844-7550
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Montage at Santa Rosa
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Exterior, Living Room
  • Fireplace Features: Gas
  • Flooring: Tile
  • Total Bedrooms: 5
  • Total Bathrooms: 4.00
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Laundry: Individual Room
  • Estimated Sq Ft: 3308.00

Exterior Features

  • Roofing: Tile
  • Fencing: Block
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Private
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Private

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Garage Door Opener, Driveway
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

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

Association/Amenities

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

Condo/Co-op/Association

  • Association Amenities: Maintenance Grounds
  • HOA Information: Yes
  • HOA Fee 1: 150.00
  • Total Monthly Association Fees: 150.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 616460032
  • Irrigation: Drip System, Sprinkler Timer, Sprinkler System
  • Lot Size: 13068.00

Rental Info

  • Furnished: Turnkey
  • 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
Mar 1, 2024
Closed on
Jul 11, 2024
Sold by
Trivalent Expeditions Llc
Bought by
Parmar Indio Llc
Seller's Agent
Nick Balsamo
BHG Desert Lifestyle Properties
Buyer's Agent
Angela Maciel-Gibbons
Bennion Deville Homes
List Price
$1,650,000
Sold Price
$1,550,000
Premium/Discount to List
-$100,000
-6.06%
Views
35
Current Estimated Value
$1,503,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,438
Avg. Annual Appreciation
-2.50%
Original Mortgage
$1,140,000
Outstanding Balance
$1,126,279
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$377,283

Purchase Details

Closed on
May 16, 2018
Sold by
Mohler David G
Bought by
Trivalent Expeditions Llc

Purchase Details

Listed on
Jun 20, 2017
Closed on
Jul 10, 2017
Sold by
Cleal Daniel J and Cleal Donna J
Bought by
Mohler David G
Seller's Agent
Victoria Weinberg
Coldwell Banker Realty
Buyer's Agent
Nick Balsamo
Lake Laguna Realty
List Price
$664,000
Sold Price
$640,000
Premium/Discount to List
-$24,000
-3.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.08%
Original Mortgage
$495,000
Interest Rate
3.15%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 1, 2008
Sold by
Milosevich Daniel Fuller and Luckett Milosevich Lorraine Ann
Bought by
Cleal Daniel J and Cleal Donna J

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
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 2005
Sold by
Milosevich Daniel Fuller and Milosevich Lorraine Ann
Bought by
Milosevich Daniel Fuller and Luckett Milosevich Lorraine Ann

Purchase Details

Closed on
Nov 5, 2004
Sold by
Zaphiro Group Llc
Bought by
Milosevich Daniel Fuller and Milosevich Lorraine Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,144
Interest Rate
1.37%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Parmar Indio Llc $1,520,000 Fidelity National Title
Trivalent Expeditions Llc -- None Available
Mohler David G -- None Available
Mohler David G $660,000 Fidelity National Title
Cleal Daniel J $600,000 California Title Company
Milosevich Daniel Fuller -- None Available
Milosevich Daniel Fuller $661,500 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parmar Indio Llc $1,140,000
Previous Owner Mohler David G $495,000
Previous Owner Cleal Daniel J $417,000
Previous Owner Milosevich Daniel Fuller $529,144
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/26/2024 07/26/24 Sold $1,550,000 -3.1% $469 / Sq Ft
07/05/2024 07/05/24 Pending -- -- --
06/12/2024 06/12/24 Price Changed $1,599,000 -3.1% $483 / Sq Ft
03/01/2024 03/01/24 For Sale $1,650,000 +157.8% $499 / Sq Ft
08/22/2017 08/22/17 Sold $640,000 -3.6% $193 / Sq Ft View Prior Sale
06/22/2017 06/22/17 Pending -- -- --
06/20/2017 06/20/17 For Sale $664,000 -- $201 / 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 $11,865 $1,520,000 $456,001 $1,063,999
2023 $11,865 $814,871 $246,605 $568,266
2022 $11,404 $798,894 $241,770 $557,124
2021 $11,080 $783,230 $237,030 $546,200
2020 $10,675 $775,200 $234,600 $540,600
2019 $9,424 $678,600 $201,960 $476,640
2018 $9,165 $660,000 $198,000 $462,000
2017 $9,405 $679,052 $203,713 $475,339
2016 $9,043 $665,738 $199,719 $466,019
2015 $8,624 $655,740 $196,720 $459,020
2014 $7,427 $552,000 $166,000 $386,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219107726

California Desert Association of REALTORS®

APN: 616-460-032