NOT LISTED FOR SALE

49442 Sherman Dr Indio, CA 92201

Estimated Value: $655,000 - $778,000

3 Beds
2 Baths
2,212 Sq Ft
$314/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $680,000 $307 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,527/month

38 Days on Market

Highlights

  • Golf Course Community
  • In Ground Pool
  • Golf Course View
  • Fitness Center
  • Gated Community
  • Community Lake

About This Home

As of June 2023

This wonderful opportunity to own an Active short term rental on the golf course! With 3 bedrooms plus an office, 2 bathrooms, generous 2,212 sqft, this residence offers an abundance of space and elegance with the most popular floor plan in IPCC. Immerse yourself in the lush surroundings of custom landscaping & a meticulously designed backyard w/ custom paver patio space, cozy fire pit & tranquil outdoor lighting, creating an oasis of serenity & privacy & spacious enough for a pool. The tastefully updated home exudes modern sophistication, offering a pampering escape. With wonderful wood flooring throughout the main living space, ample amount of natural light flooding in through all the windows, granite countertops, white stylish cabinets, spacious great room that is perfect for entertaining, while having a quaint family room centered around a lovely fireplace. Each bedroom boasting new tile & fresh coat of paint. The primary bedroom Showcasing a spa like en suite bathroom w/ roman tub, dual vanities, walk in shower & walk in closet! Perfectly suited for short-term vacation rentals, this property is located on a tranquil street, ensuring peace & relaxation. Additionally, the community boasts a 27-hole golf course, sparkling pool, tennis & pickleball courts, a full gym w/ workout classes, restaurant & clubhouse, providing a wealth of amenities for an enriched lifestyle. Don't miss this opportunity Contact Scott today to seize this extraordinary opportunity!

Last Agent to Sell the Property

Scott Jones

Compass License #02054759 Listed on: 05/20/2023

Compass

Last Buyer's Agent

devin knitter

Endeavor Realty, Inc License #01911991

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • 6,534 Sq Ft Lot
  • West Facing Home
  • Block Wall Fence
  • Drip System Landscaping
  • Sprinkler System

HOA Fees

  • $240 Monthly HOA Fees

Property Views

  • Golf Course
  • Mountain

Home Design

  • Mediterranean Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco Exterior

Interior Spaces

  • 2,212 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Drapes & Rods
  • Family Room with Fireplace
  • Great Room
  • Formal Dining Room
  • Laundry Room

Kitchen

  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Automatic Gate

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Spa
  • Fence Around Pool
  • Gunite Pool

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Additional Features

  • Fire Pit
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 614470005

Community Details

Overview

  • Association fees include building & grounds, maintenance paid, clubhouse
  • Indian Palms Subdivision
  • On-Site Maintenance
  • Community Lake
  • Planned Unit Development

Amenities

  • Picnic Area
  • Clubhouse
  • Banquet Facilities
  • Meeting Room

Recreation

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

Security

  • Controlled Access
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

0

HOA Fees

$240 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces West
  • Levels: Ground
  • Building Number Of Stories: 1
  • Building Style: Mediterranean
  • List Price per Sq Ft: 307.41
  • Lp Sp Ratio: 1.0000
  • View Type: Golf Course, Mountain(s)
  • Year Built: 2003
  • Listing I D: 219095276
  • Listing Member Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Listing Office Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Selling Office Address: 13001 Seal Beach Blvd. #210, Seal Beach, CA 90740
  • Land Type: Fee
  • Subdivision: Indian Palms
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Family Room
  • Fireplace Features: Fire Pit, Gas
  • Flooring: Wood, Tile
  • Total Bedrooms: 3
  • Bathroom Features: Shower & Tub, Shower Stall
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Eating Areas: Dining Area, Formal Dining Room
  • Kitchen Features: Island, Granite Slab Counters
  • Laundry: Laundry Area
  • Estimated Sq Ft: 2212.00
  • Windows Treatments: Drapes

Exterior Features

  • Construction: Stucco
  • Roofing: Tile
  • Fencing: Block
  • Foundation: Slab
  • Pool: Yes
  • Pool Accessories: Safety Fence, Safety Gate
  • Pool Construction: Gunite, In Ground
  • Pool Description: Community, Gunite
  • Pool Location: Community
  • Planned Unit Development: Yes
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: Gunite, In Ground
  • Spa Hot Tub Description: Heated - Gas
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Garage Door Opener, Driveway
  • Total Covered Spaces: 3.00
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 8.00
  • Total Uncovered Assigned Spaces: 2.00

Utilities

  • TV Svcs: Cable TV
  • Cooling Type: Air Conditioning, Ceiling Fan(s)
  • Heating: Forced Air
  • Security: 24 Hour Security, Automatic Gate
  • Sewer: In, Connected and Paid

Association/Amenities

  • Association #1 Frequency: Monthly
  • Pet Rules: Assoc Pet Rules
  • Gated Community: Yes
  • Golf Course Within Development: Yes

Condo/Co-op/Association

  • Association Fees Include: Building & Grounds, Maintenance Paid, Clubhouse
  • Association Amenities: Bocce Ball Court, Tennis Courts, Sport Court, Picnic Area, Meeting Room, Maintenance Grounds, Lake or Pond, Golf Course, Fitness Center, Clubhouse, Controlled Access, Banquet Facilities
  • HOA Information: Yes
  • HOA Fee 1: 240.00
  • Total Monthly Association Fees: 240.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 614470005
  • Irrigation: Drip System, Sprinkler System
  • Lot Size: 6534.00

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
May 20, 2023
Closed on
Jun 26, 2023
Sold by
Knitter Devin
Bought by
Vernocy Amanda R
Seller's Agent
Scott Jones
Compass
Buyer's Agent
devin knitter
Endeavor Realty, Inc
List Price
$680,000
Sold Price
$680,000
Views
37
Current Estimated Value
$657,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,242
Avg. Annual Appreciation
0.82%
Original Mortgage
$612,000
Outstanding Balance
$593,005
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$101,951

Purchase Details

Listed on
May 20, 2023
Closed on
Jun 8, 2023
Sold by
Bernard Cori
Bought by
Vernocy Amanda R
Seller's Agent
Scott Jones
Compass
Buyer's Agent
devin knitter
Endeavor Realty, Inc
List Price
$680,000
Sold Price
$680,000
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,000
Outstanding Balance
$593,005
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$101,951

Purchase Details

Listed on
Mar 12, 2022
Closed on
Mar 24, 2022
Sold by
Tracy Finnell
Bought by
Ross Sandra L
Seller's Agent
Zachary Kauffman
KUD Properties, Inc.
Buyer's Agent
Scott Jones
KUD Properties
List Price
$599,000
Sold Price
$587,500
Premium/Discount to List
-$11,500
-1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.30%

Purchase Details

Listed on
Mar 12, 2022
Closed on
Mar 22, 2022
Sold by
Ross Sandra L
Bought by
Bernard Cori and Dresser Jonathan
Seller's Agent
Zachary Kauffman
KUD Properties, Inc.
Buyer's Agent
Scott Jones
KUD Properties
List Price
$599,000
Sold Price
$587,500
Premium/Discount to List
-$11,500
-1.92%

Purchase Details

Closed on
Oct 1, 2018
Sold by
Ross Sandra L
Bought by
Ross Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2010
Sold by
Ross Larry G and Ross Sandra L
Bought by
Ross Larry G and Ross Sandra L

Purchase Details

Closed on
Jul 12, 2007
Sold by
Ross Larry G and Ross Sandra L
Bought by
Ross Larry G and Ross Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2005
Sold by
Newcomb Karen L
Bought by
Ross Larry G and Ross Sandra I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2003
Sold by
Paragon Indian Palms Associates Lp
Bought by
Newcomb Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,450
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
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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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
Vernocy Amanda R -- First American Title
Vernocy Amanda R $680,000 First American Title
Ross Sandra L -- First American Title
Bernard Cori $587,500 First American Title
Ross Sandra L -- Lawyers Title Company
Ross Larry G -- None Available
Ross Larry G -- Commonwealth Land Title Co
Ross Larry G $520,000 Commerce Title Company
Newcomb Karen L $254,500 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vernocy Amanda R $612,000
Previous Owner Ross Sandra L $210,000
Previous Owner Ross Larry G $440,000
Previous Owner Ross Larry G $416,000
Previous Owner Newcomb Karen L $203,450
Closed Newcomb Karen L $50,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2023 06/29/23 Sold $680,000 0.0% $307 / Sq Ft
05/20/2023 05/20/23 For Sale $680,000 +15.7% $307 / Sq Ft
03/25/2022 03/25/22 Sold $587,500 -1.9% $266 / Sq Ft View Prior Sale
03/12/2022 03/12/22 For Sale $599,000 -- $271 / 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 $10,469 $707,471 $247,615 $459,856
2023 $10,469 $599,250 $39,270 $559,980
2022 $7,466 $491,403 $172,655 $318,748
2021 $6,304 $399,515 $140,370 $259,145
2020 $5,577 $356,709 $125,330 $231,379
2019 $5,400 $346,320 $121,680 $224,640
2018 $5,217 $333,000 $117,000 $216,000
2017 $5,070 $317,000 $111,000 $206,000
2016 $4,896 $305,000 $107,000 $198,000
2015 $4,646 $276,000 $97,000 $179,000
2014 $4,815 $289,000 $101,000 $188,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219095276

California Desert Association of REALTORS®

APN: 614-470-005

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