NOT LISTED FOR SALE

49288 Sherman Dr Indio, CA 92201

Estimated Value: $758,000 - $817,000

4 Beds
3 Baths
1,978 Sq Ft
$397/Sq Ft Est. Value

Last Sold August 02, 2022

Last sale price $769,000 $389 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,575/month

19 Days on Market

Highlights

  • Water Views
  • On Golf Course
  • Pebble Pool Finish
  • Guest House
  • Fitness Center
  • Casita

About This Home

As of August 2022

Indian Palms CC is a gated community that allows short term rentals. This home has it all & features 4 bedrooms with the 4th bedroom being a detached casita with a full bath. The home features a 2 car garage/plus & a separate golf cart garage.. Open floor plan with a nice kitchen island that opens to the great room with a warm fireplace with a formal dining room. Kitchen has slab granite countertops. Slider off the kitchen leads you to the patio and pool area. The master bedroom and master bath are very nice. The master bedroom has a private door leading to the patio and beautiful pool & spa. Home is on the golf course with wonderful pond and mountain views. Home is being sold unfurnished. Low HOA'S include 3 community pools, the Life Style Center with newer equipment and several sport courts, Pickle Ball, tennis, Bocce ball. Indian Palms is located close to the famous Polo Fields and the Coachella and Stagecoach music festivals plus many more events. Close to several restaurants, grocery store, pharmacy, fast food and Starbucks, banking etc. City of Indio does require permits for long and short term rentals.

Last Agent to Sell the Property

Leanna Petitt

License #01790713 Listed on: 06/08/2022

Co-Listed By

Traci Moniot

License #01349957

Last Buyer's Agent

Ray Constantian

Sterling Pacific Real Estate License #01134182

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,463

Year Built

  • Built in 2003

Lot Details

  • 8,276 Sq Ft Lot
  • On Golf Course
  • Wrought Iron Fence
  • Block Wall Fence
  • Drip System Landscaping
  • Sprinklers on Timer

HOA Fees

Property Views

  • Water
  • Golf Course
  • Mountain

Home Design

  • Slab Foundation
  • Tile Roof
  • Stucco Exterior

Interior Spaces

  • 1,978 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Breakfast Bar
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Secondary bathroom tub or shower combo
  • Shower Only in Secondary Bathroom

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Golf Cart Garage

Pool

  • Pebble Pool Finish
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Outdoor Pool

Outdoor Features

  • Concrete Porch or Patio
  • Casita

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Gas Water Heater

Additional Features

  • Guest House
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 614470012

Community Details

Overview

  • Indian Palms Subdivision
  • Community Lake

Recreation

  • Golf Course Community
  • Tennis Courts
  • Pickleball Courts
  • Bocce Ball Court
  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,463

Year Built

Built in 2003

Lot Details

0

HOA Fees

$242 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: Ground
  • Building Number Of Stories: 1
  • Casita Features Other: Detached casita /with golf card garage attached
  • Entry Location: Living Room, Foyer
  • List Price per Sq Ft: 388.78
  • Lp Sp Ratio: 1.0000
  • View Type: Golf Course, Water, Mountain(s)
  • Water District Name: Indio Water Authority
  • Year Built: 2003
  • Co Listing Member Address: 79940 Westward Ho Drive, Indio, CA 92201
  • Co Listing Office Address: 79940 Westward Ho Drive, Indio, CA 92201
  • Co Listing Office Fax: (760) 300-3235
  • Listing I D: 219080040
  • Listing Member Address: 79940 Westward Ho Drive, Indio, CA 92201
  • Listing Office Address: 79940 Westward Ho Drive, Indio, CA 92201
  • Listing Office Fax: (760) 300-3235
  • Selling Office Address: 22994 El Toro Road, Lake Forest, CA 92630
  • Land Type: Fee
  • Subdivision: Indian Palms
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave Oven, Water Line to Refrigerator, Refrigerator, Gas Dryer Hookup, Disposal
  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Interior Amenities: Recessed Lighting
  • Fireplace Features: Gas
  • Flooring: Carpet, Ceramic Tile
  • Total Bedrooms: 4
  • Bathroom Features: Shower Over Tub, Shower Stall
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Eating Areas: Breakfast Counter/Bar
  • Kitchen Features: Island, Granite Slab Counters
  • Laundry: Individual Room
  • Estimated Sq Ft: 1978.00
  • Windows Treatments: Blinds

Exterior Features

  • Construction: Stucco
  • Other Structures: Guest House/Casita
  • Roofing: Tile
  • Fencing: Block, Wrought Iron
  • Foundation: Slab
  • Patio: Concrete Slab
  • Pool: Yes
  • Pool Construction: In Ground, Pebble
  • Pool Description: Heated, Community, In Ground
  • Pool Location: Private, Community
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Community, Heated
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Golf Cart Garage, Garage Door Opener
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Cooling Type: Air Conditioning, Central Air, Ceiling Fan(s)
  • Heating: Central, Fireplace(s)
  • Heating Fuel: Natural Gas
  • Security: Community, Gated Community
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas

Association/Amenities

  • Community Features: Golf Course Within Development, Pickle Ball Courts
  • Association #1 Frequency: Monthly
  • Association #2 Frequency: Monthly
  • Gated Community: Yes
  • Golf Course Within Development: Yes

Condo/Co-op/Association

  • Association Amenities: Bocce Ball Court, Tennis Courts, Lake or Pond, Golf Course, Fitness Center
  • HOA Information: Yes
  • HOA Fee 1: 208.75
  • HOA Fee 2: 33.00
  • Total Monthly Association Fees: 242.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 614470012
  • Irrigation: Drip System, Sprinkler Timer
  • Lot Description: Fenced
  • Lot Location: On Golf Course
  • Lot Size: 8276.00

Rental Info

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

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2022
Closed on
Jun 29, 2022
Sold by
Botta Living Trust
Bought by
Burk Living Trust
Seller's Agent
Leanna Petitt
Buyer's Agent
Ray Constantian
Sterling Pacific Real Estate
List Price
$789,000
Sold Price
$769,000
Premium/Discount to List
-$20,000
-2.53%
Current Estimated Value
$785,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,967
Avg. Annual Appreciation
0.21%
Original Mortgage
$490,000
Outstanding Balance
$471,853
Interest Rate
5.78%
Mortgage Type
Balloon
Estimated Equity
$301,810

Purchase Details

Closed on
Aug 5, 2021
Sold by
Botta Michael J and Botta Elke
Bought by
Botta Michael J and Botta Elke

Purchase Details

Closed on
Nov 26, 2014
Sold by
Botta Michael J and Botta Elke
Bought by
Botta Michael J and Botta Elke

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,300
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2008
Sold by
Botta Michael J and Botta Elke
Bought by
Botta Michael J and Botta Elke

Purchase Details

Closed on
Sep 17, 2008
Sold by
Deutsch Bank National Trust Co
Bought by
Botta Michael J and Botta Elke

Purchase Details

Closed on
Oct 24, 2007
Sold by
Patton Aggie
Bought by
Deutsche Bank National Trust Co and Argent Mortgage Securities Inc Asset Bac

Purchase Details

Closed on
Mar 6, 2006
Sold by
Blue Water Capital Inc
Bought by
Patton Aggie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,500
Interest Rate
8.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2006
Sold by
Nelson Mark F
Bought by
Blue Water Capital Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,500
Interest Rate
8.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 2003
Sold by
Paragon Indian Palms Associates Lp
Bought by
Nelson Mark F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,386
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Similar Homes in Indio, CA

  • 82770 Matthau Dr, Indio, CA 92201

    $620,000

    • 4 Beds
    • 2.5 Baths
    • 1,947 Sq Ft
    • 82770 Matthau Dr
    • Indio, CA

    Stunning Home in Indian Palms Country Club-Walk to Coachella & Stagecoach!Welcome to your dream getaway in the heart of Indian Palms Country Club! Whether you're looking for a prime short-term rental investment or a beautiful full-time residence, this home checks all the boxes.Located within walking distance to Coachella Fest and Stagecoach, this property is ideal for festival-goers, snowbirds,

    Raquel Davalos RE/MAX Desert Properties

    Section Image
  • 48641 Gibraltar St, Indio, CA 92201

    $600,000

    • 3 Beds
    • 3 Baths
    • 1,805 Sq Ft
    • 48641 Gibraltar St
    • Indio, CA

    This home is centrally located in the beautiful subdivision of Rincon in Indio. This home offers 3 bedrooms and 2 baths and a half. Home has been updated, the kitchen and bathrooms have been remodeled. 100% tile floors, formal living room and a family room. The backyard is very low maintenance with synthetic turf, covered patio and grilled area. Indio offers short term rentals permits and

    Raquel Davalos RE/MAX Desert Properties

    Section Image
  • 48674 Acropolis St, Indio, CA 92201

    $799,000

    • 4 Beds
    • 3 Baths
    • 2,591 Sq Ft
    • 48674 Acropolis St
    • Indio, CA

    This turn key home is located in the highly desirable Rincon community, with NO HOA! Walking distance to the polo fields where Coachella, Stage Coach amongst other festivals are held! This 4bed /3bath home boasts almost 2,600 sq ft of entertainment space and was professionally designed for the ultimate Palm Springs experience. Enter the double doors into an impressive foyer with soaring high

    Shane Marechal Beverly and Company

    Section Image
  • 45703 Crosswater St, Indio, CA 92201

    $749,000

    • 3 Beds
    • 2.5 Baths
    • 1,703 Sq Ft
    • 45703 Crosswater St
    • Indio, CA

    Discover luxury living in this beautifully renovated Balboa model featuring 3 bedrooms (two primary bedroom suites) and 3 baths. This west-facing gem offers breathtaking mountain views from the expansive private patio, complete with a pool, spa with rock waterfall, built-in BBQ, firepit, and shaded outdoor living space with fans & automatic sunshades--perfect for entertaining! Inside, enjoy a

    The Briggs Group Coldwell Banker Realty

    Section Image
  • 84290 Tramonto Way, Indio, CA 92203

    $949,500

    • 4 Beds
    • 3 Baths
    • 1,926 Sq Ft
    • 84290 Tramonto Way
    • Indio, CA

    WOW... Lowest Priced Lake Front Home!Terra Lago Lake One Story Detached Pool/Spa Home by Woodside, Former Model. Featuring 4 bedroom, 3 beautifully updated baths with East Facing Leisure view of Lake, Mountains and Terra Lago's Signature bridge. Updated Chef's Kitchen with center island, quartz counter tops, Newer Stainless Steel appliances, Fridge Included. Spacious Great room, dining area. The

    Gary Keshishyan Pinnacle Estate Properties

    Section Image
  • 84186 Canzone Dr, Indio, CA 92203

    $589,000

    • 4 Beds
    • 2.5 Baths
    • 2,338 Sq Ft
    • 84186 Canzone Dr
    • Indio, CA

    Step into this impeccably updated, move-in-ready property that exudes modern elegance and comfort. Polished porcelain white tile create a modern, updated bright and inviting atmosphere from the moment you walk in. The kitchen is a true masterpiece, designed for hosting unforgettable gatherings.The open floor plan is perfect for entertaining, seamlessly connecting the kitchen and family room to

    Gabriel Franco Royale Real Estate

    Section Image
  • 83454 Lonesome Dove Rd, Indio, CA 92203

    $850,000

    • 4 Beds
    • 3 Baths
    • 2,749 Sq Ft
    • 83454 Lonesome Dove Rd
    • Indio, CA

    Welcome to this beautifully upgraded corner lot home, ideally located just minutes from shopping centers, grocery stores, and everyday conveniences. This property offers the perfect blend of luxury, comfort, and energy efficiency, with thoughtful upgrades inside and out that make it truly move in ready.Exterior Highlights:Enjoy fresh curb appeal with a newly painted roof skirt and a brand new

    Fredy Rodriguez eXp Realty Of Southern California Inc

    Section Image
  • 82577 Belfort Ct, Indio, CA 92203

    $699,999

    • 4 Beds
    • 3 Baths
    • 2,405 Sq Ft
    • 82577 Belfort Ct
    • Indio, CA

    ASSUMABLE LOAN AT 2.9%. Step into elegance with this exquisite former model home, professionally designed and offered furnished (Outside of escrow) making an unparalleled living experience in the highly sought-after Sonora Wells community. Every detail has been thoughtfully curated, from the custom paint and plantation shutters to the upgraded tile and sophisticated finishes that adorn the entire

    Fatima Nordquist Beverly Hills Fine Homes

    Section Image
  • 81631 Avenida Contento, Indio, CA 92203

    $610,000

    • 3 Beds
    • 2 Baths
    • 1,432 Sq Ft
    • 81631 Avenida Contento
    • Indio, CA

    Welcome to your dream oasis at 81631 Avenida Contento in Indio, CA, nestled in the lively 55+ active adult community of Sun City Shadow Hills! This modern, fully furnished home offers a perfect blend of comfort and style. The Montoya floorplan with 3 spacious bedrooms and 2 sleek bathrooms spread across 1,432 square feet, you'll find plenty of room to relax and entertain.Step inside to discover

    Norman Williams Compass

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Burk Living Trust $769,000 Lawyers Title
Botta Michael J -- None Available
Botta Michael J -- Nationwide Title
Botta Michael J -- None Available
Botta Michael J $243,000 Landamerica Orange Co
Deutsche Bank National Trust Co $342,000 Accommodation
Patton Aggie $540,000 First American Title Co
Blue Water Capital Inc -- First American Title Co
Nelson Mark F $295,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burk Living Trust $490,000
Previous Owner Botta Michael J $287,300
Previous Owner Patton Aggie $484,500
Previous Owner Nelson Mark F $334,800
Previous Owner Nelson Mark F $265,386
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2022 08/02/22 Sold $769,000 0.0% $389 / Sq Ft
06/27/2022 06/27/22 Pending -- -- --
06/25/2022 06/25/22 Price Changed $769,000 -2.5% $389 / Sq Ft
06/13/2022 06/13/22 For Sale $789,000 0.0% $399 / Sq Ft
06/11/2022 06/11/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $789,000 -- $399 / 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
2023 $11,463 $769,000 $38,500 $730,500
2022 $6,359 $354,489 $103,198 $251,291
2021 $5,621 $347,539 $101,175 $246,364
2020 $5,422 $343,976 $100,138 $243,838
2019 $5,290 $337,232 $98,175 $239,057
2018 $5,189 $330,620 $96,251 $234,369
2017 $5,157 $324,138 $94,364 $229,774
2016 $5,050 $317,783 $92,514 $225,269
2015 $5,101 $313,011 $91,125 $221,886
2014 $4,926 $298,000 $87,000 $211,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 219080040

California Desert Association of REALTORS®

APN: 614-470-012