NOT LISTED FOR SALE

49512 Constitution Dr Indio, CA 92201

Estimated Value: $1,995,000 - $2,148,000

5 Beds
7 Baths
5,628 Sq Ft
$365/Sq Ft Est. Value

Last Sold October 08, 2020

Last sale price $1,475,000 $262 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $12,356/month

83 Days on Market

Highlights

  • Pebble Pool Finish
  • Primary Bedroom Suite
  • Gated Community
  • Gourmet Kitchen
  • Panoramic View
  • 0.5 Acre Lot

About This Home

As of October 2020

This is truly one of a kind in the exquisite gated community of Madison Estates. This re-designed home has an expanded kitchen and additional TV room, 5 bedrooms plus a bonus room (prewired for use as a theater room) and 7 bathrooms which gives it over 5,600 square feet of open contemporary living space. The expansive great room has a large fireplace and full walk behind bar with ice-maker. Adjacent the great room is a gourmet kitchen with expansive center island which seats 10, custom cabinets, gorgeous granite, wine refrigerator upgraded stainless steel appliances, two dishwashers and complete with a walk-in pantry.The added casual TV room off the kitchen as well as the great room both feature expansive accordion doors giving full access to the covered patio and rear yard. A formal dining area with built-ins overlooks the intimate enclosed courtyard with access to the rotunda tower entry with a custom iron gate. The amazing master suite offers a contemporary fireplace, gorgeous master bath and walk-in closet with custom built-ins. The lavish landscaping surrounds the front and rear yards making it a true entertainers delight. Built in BBQ, fire pit

Last Agent to Sell the Property

Craig Conley

Bennion Deville Homes License #01294885 Listed on: 07/15/2020

Last Buyer's Agent

Beth Cummins

Compass License #01990421

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2015

Lot Details

  • 0.5 Acre Lot
  • Block Wall Fence
  • Landscaped
  • Private Lot
  • Premium Lot
  • Level Lot
  • Sprinklers on Timer
  • Lawn
  • Back and Front Yard

HOA Fees

  • $182 Monthly HOA Fees

Property Views

  • Panoramic
  • Mountain
  • Pool

Home Design

  • Slab Foundation
  • Tile Roof
  • Stucco Exterior

Interior Spaces

  • 5,628 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Wired For Data
  • Bar
  • Crown Molding
  • Fireplace With Glass Doors
  • Gas Fireplace
  • Formal Entry
  • Great Room with Fireplace
  • Family Room
  • Formal Dining Room
  • Bonus Room
  • Laundry Room

Kitchen

  • Gourmet Kitchen
  • Walk-In Pantry
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Ceramic Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Secondary bathroom tub or shower combo

Home Security

  • Smart Home
  • Closed Circuit Camera

Parking

  • 3 Car Direct Access Garage
  • Driveway

Eco-Friendly Details

  • Green Features

Pool

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

Outdoor Features

  • Covered Patio or Porch
  • Water Fountains
  • Fire Pit
  • Built-In Barbecue
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 616481020

Community Details

Overview

  • Madison Estates Subdivision

Amenities

  • Community Mailbox

Security

  • Controlled Access
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2015

Lot Details

0

HOA Fees

$182 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: One
  • Building Number Of Stories: 1
  • List Price per Sq Ft: 264.75
  • Lp Sp Ratio: 0.9900
  • View Type: Mountain(s), Pool, Panoramic
  • Year Built: 2015
  • Listing I D: 219046169
  • Listing Member Address: 47350 Washington St., Ste. 101, La Quinta, CA 92253
  • Listing Office Address: 47350 Washington St. Ste. 101, La Quinta, CA 92253
  • Listing Office Fax: (760) 564-7969
  • Selling Member Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Selling Office Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Land Type: Fee
  • Subdivision: Madison Estates
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Gas Cooktop, Microwave Oven, Electric Oven, Refrigerator
  • Fireplace: Yes
  • Fireplace Location: Great Room
  • Interior Amenities: Bar, Wet Bar, Hi-Speed Data Wiring, Home Automation System, Crown Molding
  • Range Hood: Yes
  • Fireplace Features: Fire Pit, Glass Doors, Gas
  • Flooring: Carpet, Ceramic Tile
  • Bedroom Features: Master Suite, Walk In Closet
  • Total Bedrooms: 5
  • Bathroom Features: Shower & Tub
  • Half Bathrooms: 2
  • Total Bathrooms: 7.00
  • Full Bathrooms: 5
  • Eating Areas: Dining Area, Kitchen Island, Formal Dining Room
  • Kitchen Features: Ceramic Counters, Granite Slab Counters, Pantry, Island, Gourmet Kitchen, Granite Counters
  • Laundry: Individual Room
  • Estimated Sq Ft: 5628.00

Exterior Features

  • Construction: Stucco
  • Other Features: Barbeque Private, Premium Lot, Rain Gutters
  • Roofing: Tile
  • Built-in BBQ: Gas
  • Fencing: Block
  • Foundation: Slab
  • Patio: Covered
  • Pool: Yes
  • Pool Accessories: Waterfall, Fountain
  • Pool Construction: In Ground, Pebble
  • Pool Description: Heated, Private
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground, Pebble
  • Spa Hot Tub Description: Heated - Gas, Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Direct Entrance, Driveway
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Cooling Type: Central Air
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Security: Closed Circuit Camera(s), Gated Community
  • Sewer: In Street Paid
  • Water: In Street
  • Water Heater Feature: Gas

Association/Amenities

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

Condo/Co-op/Association

  • Association Amenities: Controlled Access
  • HOA Information: Yes
  • HOA Fee 1: 182.00
  • Total Monthly Association Fees: 182.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 616481020
  • Irrigation: Sprinkler System, Sprinkler Timer
  • Lot Acres: 0.5000
  • Lot Description: Back Yard, Private, Level, Landscaped, Lawn, Front Yard, Fenced
  • Lot Size: 21780.00

Green Features

  • Green Features: Yes

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple
  • Rental Restrictions: Yes

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2020
Closed on
Aug 28, 2020
Sold by
Mullen Bradley M and Mullen Elodie
Bought by
Watkins Steven Scott and Depond Watkins Mary
Seller's Agent
Craig Conley
Bennion Deville Homes
Buyer's Agent
Beth Cummins
Compass
List Price
$1,490,000
Sold Price
$1,475,000
Premium/Discount to List
-$15,000
-1.01%
Current Estimated Value
$1,992,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$517,035
Avg. Annual Appreciation
6.49%
Original Mortgage
$775,000
Outstanding Balance
$687,761
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,365,661

Purchase Details

Closed on
May 25, 2016
Sold by
Mullen Bradley M
Bought by
Mullen Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$916,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 20, 2015
Closed on
Sep 4, 2015
Sold by
Mullen Elodie
Bought by
Mullen Bradley M
Seller's Agent
John Young
HomeSmart
Buyer's Agent
John Young
Prudential
List Price
$924,900
Sold Price
$1,060,000
Premium/Discount to List
$135,100
14.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.60%

Purchase Details

Closed on
Jul 2, 2015
Sold by
Up Madison 46 Llc
Bought by
Mullen Bradley M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$901,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2014
Sold by
Rb Madison Llc
Bought by
Up Madison 46 Llc

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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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
Watkins Steven Scott $1,475,000 Orange Coast Title Of Ca
Mullen Family Trust -- First American Title Company
Mullen Bradley M -- Stewart Title Of Ca Inc
Mullen Bradley M $1,060,000 Stewart Title Of Ca Inc
Up Madison 46 Llc -- Stewart Title
Rb Madison Llc -- Fidelity National Title Co
Iota Eighteen Llc $12,500,000 Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watkins Steven Scott $775,000
Previous Owner Mullen Family Trust $916,000
Previous Owner Mullen Bradley M $901,000
Previous Owner Rb Madison Llc $8,903,997
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/08/2020 10/08/20 Sold $1,475,000 -1.0% $262 / Sq Ft
10/06/2020 10/06/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $1,490,000 +40.6% $265 / Sq Ft
09/10/2015 09/10/15 Sold $1,060,000 0.0% $207 / Sq Ft View Prior Sale
08/07/2015 08/07/15 Pending -- -- --
06/16/2015 06/16/15 Off Market $1,060,000 -- --
04/22/2015 04/22/15 For Sale $924,900 0.0% $181 / Sq Ft
02/20/2015 02/20/15 For Sale $924,900 -- $181 / 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 $21,092 $1,596,585 $351,789 $1,244,796
2023 $21,092 $1,534,590 $338,130 $1,196,460
2022 $20,154 $1,504,500 $331,500 $1,173,000
2021 $19,772 $1,475,000 $325,000 $1,150,000
2020 $15,387 $1,147,377 $324,729 $822,648
2019 $15,117 $1,124,880 $318,362 $806,518
2018 $14,807 $1,102,824 $312,120 $790,704
2017 $14,808 $1,081,200 $306,000 $775,200
2016 $14,214 $1,060,000 $300,000 $760,000
2015 $1,889 $115,000 $115,000 $0
2014 $622 $48,856 $48,856 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219046169

California Desert Association of REALTORS®

APN: 616-481-020