NOT LISTED FOR SALE

81883 Villa Reale Dr Indio, CA 92203

Shadow Hills Neighborhood

Estimated Value: $478,000 - $584,965

5 Beds
4 Baths
2,366 Sq Ft
$223/Sq Ft Est. Value

Last Sold August 19, 2024

Last sale price $520,000 $220 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,401/month

60 Days on Market

Highlights

  • Guest House
  • Gated Community
  • 2 Car Attached Garage
  • Casita
  • Mountain View
  • Resident Manager or Management On Site

About This Home

As of August 2024

Sweat equity! Needs minor work and cosmetics, but the savings is passed on to you! Well below market, don't miss this steal! 4 beds in the main home PLUS Detached Casita! VERY LOW HOA. Nestled in one of the finest communities established during the early 2000s housing boom, Palazzo offers a unique blend of tranquility and convenience. This gated community boasts one of the lowest HOA fees in the desert, providing exceptional value. Located just outside the bustling city center, Palazzo ensures a peaceful living environment while keeping you close to major retailers like Walmart and an array of new dining options. The exciting new development, The Oasis @ Indio, adds to the area's appeal with its upcoming attractions.

Last Agent to Sell the Property

Erica Gerardo

RPAC License #01425445 Listed on: 06/20/2024

Last Buyer's Agent

Ying Su

Berkshire Hathaway HomeServices California Properties License #02064273

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,232

Year Built

  • Built in 2005

Lot Details

  • 7,405 Sq Ft Lot
  • North Facing Home
  • Sprinkler System

HOA Fees

  • $110 Monthly HOA Fees

Home Design

  • "S" Clay Tile Roof

Interior Spaces

  • 2,366 Sq Ft Home
  • 1-Story Property
  • Great Room with Fireplace
  • Mountain Views

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Driveway

Additional Features

  • Casita
  • Guest House
  • Ground Level
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 691530047

Community Details

Overview

  • Palazzo Subdivision

Security

  • Resident Manager or Management On Site
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,232

Year Built

Built in 2005

Lot Details

0

HOA Fees

$110 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Leisure Faces North
  • Levels: Ground
  • Building Number Of Stories: 1
  • List Price per Sq Ft: 210.90
  • Lp Sp Ratio: 1.0400
  • View Type: Mountain(s)
  • Year Built: 2005
  • Listing I D: 219113314
  • Listing Member Address: 77622 Country Club Dr., Ste.V, Palm Desert, CA 92211
  • Listing Office Address: 77622 Country Club Dr., Ste.V, Palm Desert, CA 92211
  • Listing Office Fax: (760) 655-4311
  • Selling Member Address: 74-990 Highway 111, Indian Wells, CA 92210
  • Selling Office Address: 74-990 Highway 111, Indian Wells, CA 92210
  • Land Type: Fee
  • Subdivision: Palazzo
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Great Room
  • Flooring: Carpet, Tile
  • Total Bedrooms: 5
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Estimated Sq Ft: 2366.00

Exterior Features

  • Other Structures: Guest House/Casita
  • Roofing: Clay Tile
  • Planned Unit Development: No
  • View: Yes

Garage/Parking

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

Utilities

  • Cooling Type: Central Air
  • Heating: Central
  • Security: Gated Community
  • Sewer: Unknown

Association/Amenities

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

Condo/Co-op/Association

  • Association Amenities: Management
  • HOA Information: Yes
  • HOA Fee 1: 110.00
  • Total Monthly Association Fees: 110.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 691530047
  • Irrigation: Sprinkler System
  • Lot Size: 7405.00

Rental Info

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

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 1

MLS Schools

  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2024
Closed on
Aug 14, 2024
Sold by
Coachella Valley Homebuyers Inc
Bought by
Yu Kai and Ma Xueyin
Seller's Agent
Erica Gerardo
RPAC
Buyer's Agent
Ying Su
Berkshire Hathaway HomeServices California Properties
List Price
$549,000
Sold Price
$520,000
Premium/Discount to List
-$29,000
-5.28%
Views
37
Current Estimated Value
$528,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,491
Avg. Annual Appreciation
1.37%
Original Mortgage
$390,000
Outstanding Balance
$385,654
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$142,837

Purchase Details

Closed on
Apr 9, 2024
Sold by
Jahnke Carolyn J
Bought by
Coachella Vly Homebuyers Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.88%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 29, 2011
Sold by
Carson Family Trust
Bought by
Jahnke Gerald C and Jahnke Carolyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2005
Sold by
Rilington Palazzo Llc
Bought by
Carson William R and Carson Anna H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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
Yu Kai $520,000 Ticor Title
Coachella Vly Homebuyers Inc $390,000 Ticor Title
Jahnke Gerald C $186,000 Ticor Title Company
Carson William R $453,000 Stewart Title Riverside
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yu Kai $390,000
Previous Owner Coachella Vly Homebuyers Inc $125,000
Previous Owner Coachella Vly Homebuyers Inc $340,000
Previous Owner Jahnke Gerald C $148,800
Previous Owner Carson William R $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2024 08/19/24 Sold $520,000 -5.3% $220 / Sq Ft
06/20/2024 06/20/24 For Sale $549,000 -- $232 / 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 $6,232 $520,000 $130,000 $390,000
2023 $6,232 $224,542 $44,904 $179,638
2022 $5,561 $220,140 $44,024 $176,116
2021 $5,391 $215,824 $43,161 $172,663
2020 $5,033 $213,612 $42,719 $170,893
2019 $4,807 $209,425 $41,882 $167,543
2018 $4,697 $205,319 $41,062 $164,257
2017 $4,679 $201,294 $40,257 $161,037
2016 $4,831 $197,348 $39,468 $157,880
2015 $4,785 $194,385 $38,876 $155,509
2014 $4,726 $190,579 $38,115 $152,464
Source: Public Records

Agents Affiliated with this Home

  • Erica Gerardo

    Seller's Agent in 2024

    Erica Gerardo

    RPAC

    (760) 296-2359

    1 in this area

    54 Total Sales

    Erica Gerardo
    Section Image

  • Y

    Buyer's Agent in 2024

    Ying Su

    Berkshire Hathaway HomeServices California Properties

    (760) 815-8258

    1 in this area

    36 Total Sales

    Ying Su
    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219113314

California Desert Association of REALTORS®

APN: 691-530-047

California Riverside County Indio 92203 Shadow Hills

81883 Villa Reale Dr, Indio, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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