NOT LISTED FOR SALE

51245 Avenida Velasco La Quinta, CA 92253

La Quinta Cove Neighborhood

Estimated Value: $503,000 - $541,000

3 Beds
2 Baths
1,529 Sq Ft
$339/Sq Ft Est. Value

Last Sold August 03, 2017

Last sale price $312,000 $204 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,135/month

19 Days on Market

Highlights

  • Heated In Ground Pool
  • Granite Countertops
  • Laundry closet
  • Mountain View
  • 2 Car Attached Garage
  • 4-minute walk to La Quinta Community Park

About This Home

As of August 2017

You've found your own desert oasis in this 3 bedroom home with pool & spa. Situated, on an oversized corner lot, close to hiking trails, and Old Town La Quinta where you can enjoy shopping and dining at a variety of restaurants. The kitchen has been upgraded with granite counters and an elegant full back-splash. The cabinets have been refinished & feature new pulls. The bathrooms are updated with granite counters & updated fixtures. The living room features a gas fireplace for ambiance & relaxation. Another major upgrade is a new air conditioning/heating system, as well as a new water heater, making for a more comfortable & efficient home. Cool off in your own pool, or relax in the spa while taking in the majestic mountain views that La Quinta is known for. There's a covered patio, numerous fruit trees, attached 2 car garage, & much more. Don't delay, this home will sell fast; put this on your short list of must see homes. It's competitively priced & with the amenities to sell quickly!

Last Agent to Sell the Property

Steven Pearson

Coldwell Banker Realty License #01422846 Listed on: 06/16/2017

Coldwell Banker Realty

Last Buyer's Agent

Carol Carpenter

Equity Union License #01211650

Equity Union

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,017

Year Built

  • Built in 1998

Lot Details

  • 5,663 Sq Ft Lot
  • Southwest Facing Home
  • Block Wall Fence

Parking

  • 2 Car Attached Garage

Home Design

  • Tile Roof

Interior Spaces

  • 1,529 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Mountain Views
  • Laundry closet

Kitchen

  • Microwave
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • La Quinta Cove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 773064021

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,017

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Leisure Faces South, Leisure Faces West
  • Levels: One
  • Builders Tract Code: La Quinta Cove
  • Building Number Of Stories: 1
  • Included In Sale: Refrigerator, washer, dryer.
  • List Price per Sq Ft: 202.42
  • Lp Sp Ratio: 1.0081
  • View Type: Mountain(s)
  • Year Built: 1998
  • Listing I D: 217017082
  • Listing Member Address: 45-000 Club Drive, Indian Wells, CA 92210
  • Listing Office Address: 45-000 Club Drive, Indian Wells, CA 92210
  • Listing Office Fax: (760) 360-1342
  • Selling Office Address: 43-400 Stony Hill Ct. A, Palm Desert, CA 92260
  • Selling Office Fax: (866) 675-6596
  • Land Type: Fee
  • Subdivision: La Quinta Cove
  • Special Features: None

Interior Features

  • Appliances: Microwave Oven
  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Flooring: Carpet, Tile, Mixed
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Kitchen Features: Granite Counters
  • Laundry: In Closet
  • Estimated Sq Ft: 1529.00

Exterior Features

  • Roofing: Tile
  • Fencing: Block
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Heated
  • Pool Location: Private
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Heated - Gas, Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Cooling Type: Central Air
  • Heating: Central
  • Heating Fuel: Natural Gas
  • Sewer: In, Connected and Paid

Lot Info

  • Assessor Parcel Number: 773064021
  • Lot Acres: 0.1300
  • Lot Size: 5663.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2017
Closed on
Jul 18, 2017
Sold by
Panni Tariq Khan and Panni Elizabeth Mary
Bought by
Alexander Melissa S
Seller's Agent
Steven Pearson
Coldwell Banker Realty
Buyer's Agent
Carol Carpenter
Equity Union
List Price
$309,500
Sold Price
$312,000
Premium/Discount to List
$2,500
0.81%
Current Estimated Value
$519,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,076
Avg. Annual Appreciation
6.37%
Original Mortgage
$234,000
Outstanding Balance
$194,468
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$324,608

Purchase Details

Closed on
Jun 17, 2015
Sold by
Panni Tariq K and Panni Elizabeth M
Bought by
Tariq K & Elizabeth M Panni Revocable Tr

Purchase Details

Listed on
Aug 15, 2012
Closed on
Nov 8, 2012
Sold by
White Orvel K and White Deborah L
Bought by
Panni Tarig K and Panni Elizabeth M
Seller's Agent
John Barnett
Barnett California Realty
Buyer's Agent
Steven Pearson
Coldwell Banker Residential Brokerage
List Price
$165,000
Sold Price
$189,000
Premium/Discount to List
$24,000
14.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%

Purchase Details

Closed on
Jul 12, 2004
Sold by
Pennington David A and Pennington Margo Lou
Bought by
Meltzer Carol D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 1998
Sold by
Clark Jack
Bought by
White K and White Deborah L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,710
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 2, 1998
Sold by
Ford Joann Marie
Bought by
Ford Joseph Carter

Purchase Details

Closed on
Feb 20, 1998
Sold by
Cork Willis Leroy
Bought by
Cork Frances Grace

Purchase Details

Closed on
Jan 23, 1998
Sold by
Clark Suzanne
Bought by
Clark Jack
Source: Public Records

Range of Values:

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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
Alexander Melissa S $312,000 Equity Title Orange County I
Tariq K & Elizabeth M Panni Revocable Tr -- None Available
Panni Tarig K $189,000 Fidelity National Title
Meltzer Carol D $360,000 Fidelity National Title Ins
White K $154,000 Chicago Title Co
Ford Joseph Carter -- Old Republic Title Company
Cork Frances Grace -- Old Republic Title Company
Clark Jack -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alexander Melissa S $234,000
Previous Owner Meltzer Carol D $135,000
Previous Owner White K $152,710
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/03/2017 08/03/17 Sold $312,000 +0.8% $204 / Sq Ft
07/05/2017 07/05/17 Pending -- -- --
06/16/2017 06/16/17 For Sale $309,500 +63.8% $202 / Sq Ft
11/28/2012 11/28/12 Sold $189,000 +14.5% $124 / Sq Ft View Prior Sale
11/19/2012 11/19/12 Pending -- -- --
08/15/2012 08/15/12 For Sale $165,000 -- $108 / 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 $5,017 $354,996 $70,997 $283,999
2023 $5,017 $341,213 $68,241 $272,972
2022 $4,711 $334,523 $66,903 $267,620
2021 $4,594 $327,965 $65,592 $262,373
2020 $4,521 $324,603 $64,920 $259,683
2019 $4,423 $318,240 $63,648 $254,592
2018 $4,329 $312,000 $62,400 $249,600
2017 $2,901 $200,531 $40,105 $160,426
2016 $2,855 $196,600 $39,319 $157,281
2015 $2,860 $193,648 $38,729 $154,919
2014 $2,816 $189,857 $37,971 $151,886
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Steven Pearson

    Coldwell Banker Realty

    (760) 345-2527

    21 Total Sales

    Steven Pearson
    Section Image
  • Carol Carpenter

    Buyer's Agent in 2017

    Carol Carpenter

    Equity Union

    (760) 902-5063

    1 in this area

    15 Total Sales

    Carol Carpenter
    Section Image

  • J

    Seller's Agent in 2012

    John Barnett

    Barnett California Realty

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 217017082

California Desert Association of REALTORS®

APN: 773-064-021

California Riverside County La Quinta 92253 La Quinta Cove

51245 Avenida Velasco, La Quinta, CA

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