Seller's Agent in 2020
David Colin
HomeSmart
(760) 702-4908
83 in this area
134 Total Sales
Estimated Value: $999,000 - $1,203,000
4
Beds
4
Baths
3,347
Sq Ft
$329/Sq Ft
Est. Value
Highlights
- Fitness Center
- Gated Community
- Community Lake
- In Ground Pool
- Mountain View
- Clubhouse
About This Home
As of August 2020Calling all serious businessman/investors only! The creme of the crop in the short term vacation rental industry has just hit the market and is incomparable to any home on the market in the the $2 million price range and under due to its gorgeous condition, upgrades and the rental income it is producing . This gold mine of a vacation rental generated $182,000 in 2019; its first complete year of a short term rental. This year alone the property has already generated $170k in rental income with $62k more on the books and we're only half way through the year! This property is renting for $758 a night and has a 4.94 * rating with 68 reviews on AIRBNB. Your return on your investment cannot and will not be matched by any other vacation rental on the market; guaranteed! This is a business opportunity that a savvy investor cannot pass up! This spectacular home has close to $500k in upgrades inside and out which does not include the luxury furnishings. The backyard is unrivaled with a large designer pool & spa (50 foot lap area), outdoor chefs kitchen, color LED pool lighting, multi-level tanning decks and separate entertaining patio with built-in appliances & 3 fire pits.
Last Buyer's Agent
David Colin
Coldwell Banker Residential Brokerage
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $16,311
Year Built
- Built in 2005
Lot Details
- 0.32 Acre Lot
- Home has East and West Exposure
- Block Wall Fence
- Sprinkler System
HOA Fees
- $274 Monthly HOA Fees
Parking
- 3 Car Direct Access Garage
Interior Spaces
- 3,347 Sq Ft Home
- 1-Story Property
- Furnished
- Ceiling Fan
- Fireplace With Gas Starter
- Family Room with Fireplace
- Bonus Room
- Mountain Views
Flooring
- Bamboo
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Pool
- In Ground Pool
- Exercise
- Outdoor Pool
- Saltwater Pool
- Outdoor Shower
- In Ground Spa
Outdoor Features
- Built-In Barbecue
Utilities
- Central Air
- Floor Furnace
Listing and Financial Details
- Assessor Parcel Number 696200072
- Special Tax Authority
Community Details
Overview
- Association fees include clubhouse, cable TV
- Terra Lago Subdivision
- On-Site Maintenance
- Community Lake
- Greenbelt
Amenities
- Picnic Area
- Clubhouse
- Billiard Room
- Recreation Room
Recreation
- Community Playground
- Fitness Center
Security
- 24 Hour Access
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 15, 2020
Closed on
Jul 31, 2020
Sold by
Mccrea Michael
Bought by
84 Lago Llc
Seller's Agent
David Colin
HomeSmart
Buyer's Agent
David Colin
Coldwell Banker Residential Brokerage
List Price
$999,999
Sold Price
$945,500
Premium/Discount to List
-$54,499
-5.45%
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
$155,384
Avg. Annual Appreciation
2.99%
Purchase Details
Closed on
Nov 13, 2018
Sold by
Mccrea Brenda
Bought by
Mccrea Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 26, 2010
Sold by
Charlton Daniel J
Bought by
Desert Healing Resorts Llc
Purchase Details
Closed on
Apr 20, 2006
Sold by
Lennar Homes Of California Inc
Bought by
Charlton Daniel J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$447,613
Interest Rate
6.62%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| 84 Lago Llc | $945,500 | Lawyers Title | |
| Mccrea Michael | -- | Orange Coast Title Co | |
| Mccrea Michael | $635,000 | Orange Coast Title Co | |
| Desert Healing Resorts Llc | $225,000 | North American Title Co Inc | |
| Charlton Daniel J | $560,000 | North American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mccrea Michael | $400,000 | |
| Previous Owner | Charlton Daniel J | $447,613 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/06/2020 08/06/20 | Sold | $945,500 | -5.4% | $282 / Sq Ft |
| 07/15/2020 07/15/20 | For Sale | $999,999 | -- | $299 / 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 | $16,311 | $974,187 | $102,830 | $871,357 |
| 2023 | $16,311 | $936,360 | $98,838 | $837,522 |
| 2022 | $16,533 | $918,000 | $96,900 | $821,100 |
| 2021 | $16,019 | $900,000 | $95,000 | $805,000 |
| 2020 | $12,454 | $647,700 | $96,900 | $550,800 |
| 2019 | $12,115 | $635,000 | $95,000 | $540,000 |
| 2018 | $8,261 | $318,466 | $50,667 | $267,799 |
| 2017 | $8,088 | $312,223 | $49,674 | $262,549 |
Source: Public Records
Agents Affiliated with this Home
-
David Colin
Map
Source: California Desert Association of REALTORS®
MLS Number: 219046035
APN: 696-200-072
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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