S
Seller's Agent in 2023
Serena Leiterman
Equity Union
(951) 623-9442
10 in this area
69 Total Sales
Estimated Value: $997,000 - $1,090,000
5
Beds
3.5
Baths
2,469
Sq Ft
$418/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Primary Bedroom Suite
- Lake View
- In Ground Pool
- Gated Community
- Waterfront
About This Home
As of February 2023SHORT-TERM RENTAL OPPORTUNITY! This NEW BUILD is located on a premium LAKEFRONT parcel in the highly desirable community of Terra Lago. Dubbed the 'Fashion House,' this home is TURN-KEY furnished and is perfect for someone who wants to move in and enjoy beautiful sunsets or an investor looking for a healthy ROI. Step inside and fall in love with this stunning 5 Bedrooms 4, bathrooms home. HIGHLY UPGRADED and available fully furnished, with brand new designer furniture. The first floor features spacious living and dining areas with high ceilings and natural light, a kitchen with white quartz countertops, a large center island and stainless steel appliances, a guest bedroom with an en-suite bathroom, and a laundry area. The second floor features four additional bedrooms, including a primary suite with a covered outdoor patio with amazing views of the lake and the mountains, a second laundry area, and high-end designer lighting and plumbing fixtures throughout. Entertainer's backyard features a resort-style INFINITY EDGE SWIMMING POOL, a fire pit, and an outdoor dining area with BBQ. The home is a smart home complete with home automation features. The home currently has an active STR license. Amenities include Community Pool and Recreation facility, a gym, 24-hour controlled access with a guard gate, and HOA that includes internet and cable TV. Located within minutes from Coachella Music Festival and other popular desert venues. A rare offering, unlike any other on the lake!
Last Agent to Sell the Property
Equity Union License #01965152 Listed on: 09/18/2022
Home Details
Home Type
- Single Family
Year Built
- Built in 2021
Lot Details
- 3,920 Sq Ft Lot
- Waterfront
- East Facing Home
- Sprinkler System
HOA Fees
- $285 Monthly HOA Fees
Home Design
- Traditional Architecture
- Stucco Exterior
Interior Spaces
- 2,469 Sq Ft Home
- 2-Story Property
- Furnished
- 2 Fireplaces
- Sliding Doors
- Combination Dining and Living Room
- Lake Views
- Laundry Room
Kitchen
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom Suite
- Shower Only
Parking
- 2 Car Attached Garage
- Driveway
Pool
- In Ground Pool
- In Ground Spa
- Outdoor Pool
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 696140070
- Special Tax Authority
Community Details
Overview
- Terra Lago Subdivision
- Community Lake
Amenities
- Clubhouse
Recreation
- Golf Course Community
- Dog Park
Security
- Security Service
- 24 Hour Access
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 18, 2022
Closed on
Jan 30, 2023
Sold by
Gold Natalia
Bought by
Bdm Capital Time Investments Llc
Seller's Agent
Serena Leiterman
Equity Union
Buyer's Agent
Keith Powers
Alta Realty Group CA, Inc
List Price
$1,249,000
Sold Price
$1,050,000
Premium/Discount to List
-$199,000
-15.93%
Views
146
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,903
Avg. Annual Appreciation
-0.63%
Original Mortgage
$787,500
Outstanding Balance
$763,453
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$267,644
Purchase Details
Closed on
Apr 23, 2021
Sold by
Veritas Lido Llc
Bought by
Lennar Homes Of California Inc
Purchase Details
Closed on
Jan 29, 2021
Sold by
Riley Mickie L and Riley Hansi
Bought by
Veritas Lido Llc
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bdm Capital Time Investments Llc | $1,050,000 | First American Title | |
| Lennar Homes Of California Inc | $7,035,000 | Fntg Builder Services | |
| Veritas Lido Llc | -- | Fntg Builder Services | |
| Taramar Group Inc | -- | Fntg Builder Services |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bdm Capital Time Investments Llc | $787,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/15/2023 02/15/23 | Sold | $1,050,000 | 0.0% | $425 / Sq Ft |
| 01/26/2023 01/26/23 | Pending | -- | -- | -- |
| 12/13/2022 12/13/22 | Price Changed | $1,050,000 | -6.7% | $425 / Sq Ft |
| 11/28/2022 11/28/22 | Price Changed | $1,125,000 | -2.2% | $456 / Sq Ft |
| 10/04/2022 10/04/22 | Price Changed | $1,150,000 | -7.9% | $466 / Sq Ft |
| 09/18/2022 09/18/22 | For Sale | $1,249,000 | -- | $506 / Sq Ft |
Source: California Desert Association of REALTORS®
Tax History Compared to Growth
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 | $15,428 | $1,092,418 | $327,727 | $764,691 |
| 2023 | $15,428 | $824,761 | $306,000 | $518,761 |
| 2022 | $5,784 | $313,198 | $106,998 | $206,200 |
| 2021 | $664 | $52,558 | $52,558 | $0 |
| 2020 | $652 | $52,020 | $52,020 | $0 |
| 2019 | $640 | $51,000 | $51,000 | $0 |
| 2018 | $627 | $50,000 | $50,000 | $0 |
| 2017 | $464 | $36,611 | $36,611 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Serena Leiterman
-
Keith Powers
Buyer's Agent in 2023
Keith Powers
Alta Realty Group CA, Inc
(714) 402-1357
10 in this area
38 Total Sales
Map
Source: California Desert Association of REALTORS®
MLS Number: 219084736
APN: 696-140-070
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