NOT LISTED FOR SALE

49288 Constitution Dr Indio, CA 92201

Estimated Value: $1,130,000 - $1,651,000

4 Beds
4.5 Baths
4,599 Sq Ft
$318/Sq Ft Est. Value

Last Sold June 15, 2013

Last sale price $739,900 $161 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $8,794/month

34 Days on Market

Highlights

  • Built in 2013 | Newly Remodeled
  • Primary Bedroom Suite
  • 0.49 Acre Lot
  • Private Pool
  • Gated Community
  • Mountain View

About This Home

As of June 2013

Madison Estates is a Private-Gated community of just 55 new homes. This home, priced at $739,900, is an unmatched price point for an elegant estate offering privacy, location, and a prestigious lifestyle. You simply will not find another new home in the valley, on a half-acre home site, at a price this affordable. The move-in ready home on Estate 45 offers 4,599 sq. ft. of living space with 4 bedrooms, upgraded cabinets, a custom pool and spa, and front yard landscaping. The large gourmet kitchen, with island, showcases granite counter tops, raised-panel cabinets, Stainless Steel GE Profile® appliances that include a 36" built-in cook top, combination 30" combination oven/advantium, dishwasher and Stainless Steel refrigerator. The private master suite is extremely spacious and includes crown molding, a large walk-in closet, and master bath with luxurious shower and soaking tub. Photos are of the model and not intended to depict home as sold. PLEASE SEE AGENT REMARKS.

Last Agent to Sell the Property

KRISTINNA SELLERS

Sellers Real Estate Services License #01211364 Listed on: 03/23/2013

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2013 | Newly Remodeled

Lot Details

  • 0.49 Acre Lot
  • Block Wall Fence
  • Front Yard

HOA Fees

  • $195 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Spanish Architecture
  • Slab Foundation
  • Interior Block Wall
  • Concrete Roof

Interior Spaces

  • 4,599 Sq Ft Home
  • 1-Story Property
  • Wired For Data
  • Crown Molding
  • High Ceiling
  • Recessed Lighting
  • Panel Doors
  • Formal Entry
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Dining Room
  • Mountain Views
  • Fire Sprinkler System
  • Laundry Room

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Self-Cleaning Convection Oven
  • Electric Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Pool

  • Private Pool
  • In Ground Spa

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Hot Water Circulator

Listing and Financial Details

  • Tax Lot 45
  • Tax Tract Number 32339
  • Assessor Parcel Number 616481015

Community Details

Security

  • Controlled Access
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2013 | Newly Remodeled

Lot Details

0

HOA Fees

$195 per month

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Fire Sprinkler System, Gated Community
  • Subdivision Name Other: Madison Estates (31491)
  • View: Yes
  • Architectural Style: Spanish
  • New Construction: Yes
  • Property Condition: Under Construction
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 616481015
  • Year Built: 2013
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4599.00
  • Interior Amenities: Block Walls, Crown Molding, Wired for Data, Granite Counters, High Ceilings, Pantry, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Panel Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Great Room
  • Levels: One
  • Price Per Square Foot: 160.88
  • Room Type: All Bedrooms Down, Formal Entry, Foyer, Great Room, Master Suite, Walk-In Pantry, Walk-In Closet
  • Spa Features: In Ground
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Covered
  • Pool Features: Private
  • Pool Private: Yes
  • Roof: Concrete
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Electric Oven, Disposal, Hot Water Circulator, Microwave, Refrigerator, Self Cleaning Oven
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Controlled Access
  • Association Fee: 195.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 21500.00
  • Lot Size Acres: 0.4940

Multi Family

  • Lease Considered: No
  • Lot Size Area: 21500.0000 Square Feet
  • Number Of Units In Community: 55
  • Number Of Units Total: 55

Tax Info

  • Tax Lot: 45
  • Tax Tract Number: 32339

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2014
Sold by
Read Michael John and Read Brittany Heather
Bought by
The Michael J Read & Brittany H Read Fam
Current Estimated Value
$1,438,897

Purchase Details

Closed on
Mar 7, 2013
Sold by
Up Madison 46 Llc
Bought by
Read Michael John and Read Brittany Heather

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
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2012
Sold by
Rb Madison Llc
Bought by
Up Madison 46 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2010
Sold by
Iota Eighteen Llc
Bought by
Rb Madison Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,903,997
Interest Rate
5.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2008
Sold by
California Cove At Santa Rosa Llc
Bought by
Iota Eighteen Llc
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
The Michael J Read & Brittany H Read Fam -- None Available
Read Michael John $740,000 Stewart Title Of California
Up Madison 46 Llc -- Stewart Title Of California
Rb Madison Llc -- Fidelity National Title Co
Iota Eighteen Llc $12,500,000 Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Read Michael John $417,000
Previous Owner Up Madison 46 Llc $3,000,000
Previous Owner Rb Madison Llc $8,903,997
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2013 06/15/13 Sold $739,900 0.0% $161 / Sq Ft
04/26/2013 04/26/13 Pending -- -- --
03/23/2013 03/23/13 For Sale $739,900 -- $161 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,980 $954,026 $273,371 $680,655
2024 $12,980 $935,320 $268,011 $667,309
2023 $12,801 $916,981 $262,756 $654,225
2022 $12,245 $899,002 $257,604 $641,398
2021 $12,010 $881,375 $252,553 $628,822
2020 $11,852 $872,339 $249,964 $622,375
2019 $11,642 $855,235 $245,063 $610,172
2018 $11,558 $850,793 $243,956 $606,837
2017 $11,555 $834,112 $239,173 $594,939
2016 $11,098 $817,758 $234,484 $583,274
2015 $10,662 $805,476 $230,963 $574,513
2014 $10,693 $789,700 $226,440 $563,260
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2013

    KRISTINNA SELLERS

    Sellers Real Estate Services

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG13052444

California Regional Multiple Listing Service (CRMLS)

APN: 616-481-015

California Riverside County Indio 92201

49288 Constitution Dr, Indio, CA

Not Listed for Sale

Detached

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