Seller's Agent in 2025
David Colin
HomeSmart
(760) 702-4908
77 in this area
129 Total Sales
Estimated Value: $813,000 - $882,000
4
Beds
4
Baths
2,416
Sq Ft
$350/Sq Ft
Est. Value
Highlights
- Lake Front
- In Ground Pool
- Clubhouse
- Fitness Center
- Gated Community
- Corner Lot
About This Home
As of March 2025The best priced home on the lake! Huge opportunity to purchase this home at the original cost to the seller with all furnishings included. Welcome to this stunning two-story, four-bedroom (with possible fifth bedroom) home located in the highly desirable community of Terra Lago in Indio, California. This fully furnished home is a true gem, featuring designer furniture, a pool table, and outdoor furniture that offer the perfect blend of luxury and comfort.As you step into this beautiful property, you'll be blown away by its spacious, airy layout, which boasts three full bathrooms and a quarter bath. The bedrooms are large and inviting, offering ample space for relaxation and privacy. The master bedroom is located upstairs with a private balcony that overlooks the lake and pool area. The corner lot location of this home is truly unique, with breathtaking lakefront views, surrounded by beautiful mountains and water views. The backyard offers a ample sized pool overlooking the lake with lounging space available for BBQ and sun bathing.The community of Terra Lago is known for its short-term rental friendly policies with no rental restrictions, making it an ideal location for the savvy investor looking to generate passive income. Alternatively, this property can be the perfect purchase for a 1031 tax exchange. Similar lake homes are generating north of $130,000 annually and this property can as well with the correct property management in place.
Home Details
Home Type
- Single Family
Year Built
- Built in 2021
Lot Details
- 3,920 Sq Ft Lot
- Lake Front
- Home has North and South Exposure
- Block Wall Fence
- Corner Lot
- Drip System Landscaping
HOA Fees
- $300 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
Property Views
- Lake
- Peek-A-Boo
- Mountain
Interior Spaces
- 2,416 Sq Ft Home
- 1-Story Property
- Furnished
- Electric Fireplace
- Family Room with Fireplace
Kitchen
- Gas Range
- Microwave
- Dishwasher
- Quartz Countertops
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Pool
- In Ground Pool
- Outdoor Pool
Outdoor Features
- Balcony
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Sewer Assessments
Listing and Financial Details
- Assessor Parcel Number 696140079
- Special Tax Authority
Community Details
Overview
- Terra Lago Subdivision
Recreation
- Fitness Center
Additional Features
- Clubhouse
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 3, 2025
Closed on
Mar 4, 2025
Sold by
Gevorgyan Anahit and Tadevosyan Davit
Bought by
Hubbard Robert and Mcshane Vickie
Seller's Agent
David Colin
HomeSmart
Buyer's Agent
Vickie McShane
West Shores Realty, Inc.
List Price
$824,500
Sold Price
$815,000
Premium/Discount to List
-$9,500
-1.15%
Views
109
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
$30,972
Avg. Annual Appreciation
5.03%
Original Mortgage
$489,000
Outstanding Balance
$486,072
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$359,900
Purchase Details
Closed on
Jun 8, 2022
Sold by
Lennar Homes Of California Llc
Bought by
Gevorgyan Anahit and Tadevosyan Davit
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
2%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 25, 2022
Sold by
Lennar Homes Of California Llc
Bought by
Hovhannisyan Edgar and Rekota Anna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
2%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Hubbard Robert | $815,000 | First American Title | |
| Gevorgyan Anahit | $827,500 | None Listed On Document | |
| Hovhannisyan Edgar | $800,500 | New Title Company Name | |
| 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 | Hubbard Robert | $489,000 | |
| Previous Owner | Gevorgyan Anahit | $620,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/28/2025 03/28/25 | Sold | $815,000 | -0.6% | $337 / Sq Ft |
| 02/08/2025 02/08/25 | Price Changed | $819,900 | -0.6% | $339 / Sq Ft |
| 02/03/2025 02/03/25 | For Sale | $824,500 | -- | $341 / 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 | $12,935 | $860,575 | $312,120 | $548,455 |
| 2023 | $12,935 | $827,158 | $300,000 | $527,158 |
| 2022 | $4,508 | $210,098 | $106,998 | $103,100 |
| 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
-
David Colin
-
Vickie McShane
Buyer's Agent in 2025
Vickie McShane
West Shores Realty, Inc.
(310) 514-0118
1 in this area
17 Total Sales
Map
Source: California Desert Association of REALTORS®
MLS Number: 219124072
APN: 696-140-079
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.
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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