4
Beds
3
Baths
2,371
Sq Ft
6,098
Sq Ft Lot
Highlights
- Boat Ramp
- In Ground Pool
- Lake View
- Fitness Center
- Gated Community
- Community Lake
About This Home
As of March 2025On your mark, get set & go!! Savvy investors and primary owners here's an absolute masterpiece of a vacation rental for sale in the highly sought after community of Terra Lago with no rental restrictions which is a rarity. This property is a successful part- time vacation rental that is being offer turn-key furnished and is ready to generate top income for the savvy investor. Similar properties in the community generate north of $120,000 yearly in vacation rental income and this listing will do the same or more. The backyard is ready for entertaining with a custom firepit, covered patio, large pool & spa with room to add a water slide, putting green, newer aluma-wood patio, outdoor pool table and has gorgeous mountain views. The interior offers four bedrooms, three baths and three car garage. The interior has newer furnishings, newer flooring, newer paint and many more upgrades to list. The upstairs master bedroom has a private balcony with beautiful southern views of the Santa Rosa mountains and also overlooks the community lake. This home is a winner, is being offered furnished and is ready to start generating income immediately! This will be a great 1031 tax exchange purchase to generate passive income for many years to come. Don't overlook the fact that this is one of very few communities that still allows short term rentals and this community is a hidden gem!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,392
Year Built
- Built in 2008
Lot Details
- 6,098 Sq Ft Lot
- Home has North and South Exposure
- Block Wall Fence
- Sprinkler System
HOA Fees
- $274 Monthly HOA Fees
Property Views
- Lake
- Mountain
Interior Spaces
- 2,371 Sq Ft Home
- 1-Story Property
- Furnished
- Gas Fireplace
- Family Room with Fireplace
- Washer
Kitchen
- Breakfast Area or Nook
- <<microwave>>
- Ice Maker
- Dishwasher
- Granite Countertops
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Parking
- 3 Car Direct Access Garage
- Driveway
- Guest Parking
Pool
- In Ground Pool
- In Ground Spa
- Outdoor Pool
- Saltwater Pool
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Sewer in Street
Listing and Financial Details
- Assessor Parcel Number 696100057
- Special Tax Authority
Community Details
Overview
- Association fees include building & grounds, security, cable TV, clubhouse
- Terra Lago Subdivision
- Community Lake
Amenities
- Community Barbecue Grill
- Clubhouse
- Banquet Facilities
- Billiard Room
- Community Mailbox
Recreation
- Boat Ramp
- Boat Dock
- Fitness Center
- Bike Trail
Security
- 24 Hour Access
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 26, 2020
Closed on
Jan 4, 2021
Sold by
Hargrave Joseph and Hargrave Frances V
Bought by
Gevorgyan Anahit
Seller's Agent
Richard MacMillan
HomeSmart
Buyer's Agent
David Colin
Coldwell Banker Residential Brokerage
List Price
$489,900
Sold Price
$489,900
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
$201,144
Avg. Annual Appreciation
8.09%
Original Mortgage
$365,460
Outstanding Balance
$328,188
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$362,856
Purchase Details
Closed on
Apr 16, 2014
Sold by
Hargrave Joseph and Hargrave Frances V
Bought by
Hargrave Joseph and Hargrave Frances V
Purchase Details
Listed on
Aug 22, 2012
Closed on
Jul 15, 2013
Sold by
Lathrop Matthew
Bought by
Hargrave Joe and Hargrave Fran
Seller's Agent
Nick Balsamo
Bennion Deville Homes
Buyer's Agent
Doug Jacobsen
Doug Jacobsen, Broker
List Price
$259,900
Sold Price
$244,000
Premium/Discount to List
-$15,900
-6.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.12%
Purchase Details
Closed on
Apr 16, 2011
Sold by
Lathrop Matthew
Bought by
Lathrop Matthew
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,510
Interest Rate
3%
Mortgage Type
VA
Purchase Details
Closed on
Dec 11, 2008
Sold by
Ryland Homes Of California Inc
Bought by
Lathrop Matthew
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,730
Interest Rate
6.03%
Mortgage Type
VA
Similar Homes in Indio, CA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $490,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $244,000 | Orange Coast Title Co | |
| Interfamily Deed Transfer | -- | Orange Coast | |
| Interfamily Deed Transfer | -- | First Amer Title Ins Co Ntp | |
| Grant Deed | $220,000 | First American Title Insuran |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $365,460 | New Conventional | |
| Previous Owner | $228,510 | VA | |
| Previous Owner | $224,730 | VA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | Sold | $699,900 | 0.0% | $295 / Sq Ft |
| 03/20/2025 03/20/25 | Pending | -- | -- | -- |
| 02/10/2025 02/10/25 | For Sale | $699,900 | +42.9% | $295 / Sq Ft |
| 02/02/2021 02/02/21 | Sold | $489,900 | 0.0% | $207 / Sq Ft |
| 12/26/2020 12/26/20 | For Sale | $489,900 | +100.8% | $207 / Sq Ft |
| 08/02/2013 08/02/13 | Sold | $244,000 | -2.4% | $103 / Sq Ft |
| 07/22/2013 07/22/13 | Pending | -- | -- | -- |
| 04/02/2013 04/02/13 | Price Changed | $249,900 | -3.8% | $105 / Sq Ft |
| 02/05/2013 02/05/13 | For Sale | $259,900 | +6.5% | $110 / Sq Ft |
| 01/29/2013 01/29/13 | Off Market | $244,000 | -- | -- |
| 01/02/2013 01/02/13 | For Sale | $259,900 | +6.5% | $110 / Sq Ft |
| 12/31/2012 12/31/12 | Off Market | $244,000 | -- | -- |
| 12/18/2012 12/18/12 | Price Changed | $259,900 | -3.7% | $110 / Sq Ft |
| 08/22/2012 08/22/12 | For Sale | $269,900 | -- | $114 / 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 |
|---|---|---|---|---|
| 2023 | $10,392 | $509,691 | $124,848 | $384,843 |
| 2022 | $9,896 | $499,698 | $122,400 | $377,298 |
| 2021 | $7,472 | $309,523 | $55,261 | $254,262 |
| 2020 | $6,897 | $306,350 | $54,695 | $251,655 |
| 2019 | $6,844 | $300,344 | $53,623 | $246,721 |
| 2018 | $6,766 | $294,456 | $52,573 | $241,883 |
| 2017 | $6,689 | $288,684 | $51,543 | $237,141 |
Source: Public Records
Agents Affiliated with this Home
-
David Colin
Seller's Agent in 2025
David Colin
HomeSmart
(760) 702-4908
83 in this area
137 Total Sales
-
Christopher Jones
Buyer's Agent in 2025
Christopher Jones
eXp Realty of Greater Los Angeles
(310) 801-2804
3 in this area
143 Total Sales
-
Richard MacMillan
Seller's Agent in 2021
Richard MacMillan
HomeSmart
(760) 844-7500
42 in this area
117 Total Sales
-
Mike Jeppson
Seller Co-Listing Agent in 2021
Mike Jeppson
HomeSmart
(760) 668-2904
21 in this area
76 Total Sales
-
N
Seller's Agent in 2013
Nick Balsamo
Bennion Deville Homes
-
D
Buyer's Agent in 2013
Doug Jacobsen
Doug Jacobsen, Broker
Map
Source: California Desert Association of REALTORS®
MLS Number: 219124556
APN: 696-100-057
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.
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