J
Seller's Agent in 2025
Joel Handshuh
The Firm Brokerage
(760) 408-8874
2 in this area
19 Total Sales
5
Beds
3
Baths
3,142
Sq Ft
2005
Built
Highlights
- Golf Course Community
- Pebble Pool Finish
- Mountain View
- Community Dry Dock
- Gated Community
- Community Lake
About This Home
As of May 2025Boasting the largest property in the community, with an unparalleled backyard space, tremendous earning history, and continued future income (INCLUDING 52K IN BOOKINGS FOR MARCH AND APRIL!) this turnkey furnished rental property in highly desirable STR-friendly Terra Lago is ready for its next owner. Guests will delight in the private and magnificently oversized 9-foot deep saltwater pool (LARGEST IN COMMUNITY) and cascading hot tub surrounded by an oasis of greenery and an abundance of amenities, including a built-in BBQ, putting green, double ring fire pit, mist system and dining space, while still having green space for your imagination to play with! The upgrades continue throughout the more than 3200 sqft of interior space and include a custom game room with something for everyone, including a pool table and lounging space. The open floor plan provides ample space for everyone to relax and enjoy the massive TVs on the luxury loungers and new furniture in both the living room and the den. Dine in style and comfort with new appliances and granite countertops to be enjoyed in the casual or formal dining areas. The five bedrooms are perfect for maximizing guest comfort or rental income. Three full bathrooms ensure ideal guest satisfaction and are poised to continue its desirable performance and generate projected annual rental income of 200k+. With over 100k in recent upgrades and furnishings, this unique turnkey investment property is poised to be a jewel in anyone's portfolio!
Last Agent to Sell the Property
The Firm Brokerage License #02162825 Listed on: 02/05/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 2005
HOA Fees
- $300 Monthly HOA Fees
Property Views
- Mountain
- Desert
- Hills
- Pool
Interior Spaces
- 3,142 Sq Ft Home
- 1-Story Property
- Furnished
- Gas Fireplace
- Entryway
- Family Room
- Living Room with Fireplace
- Dining Area
- Den
- Laminate Flooring
- Security Lights
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Parking
- Attached Garage
- Oversized Parking
- Side by Side Parking
- Driveway
Pool
- Pebble Pool Finish
- Heated In Ground Pool
- Heated Spa
- In Ground Spa
- Outdoor Pool
- Saltwater Pool
- Waterfall Pool Feature
Additional Features
- Green Features
- Sprinkler System
- Ground Level
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 696140021
Community Details
Overview
- Terra Lago Subdivision
- Community Lake
- Greenbelt
- Planned Unit Development
Recreation
- Community Dry Dock
- Golf Course Community
Security
- Security Service
- Controlled Access
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 5, 2025
Closed on
May 19, 2025
Sold by
Gordon Seth Lawrence
Bought by
Nasser Iman and Farpour Golnaz
Seller's Agent
Joel Handshuh
The Firm Brokerage
Buyer's Agent
Joel Handshuh
The Firm Brokerage
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%
Views
4
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
-$11,508
Avg. Annual Appreciation
-1.50%
Original Mortgage
$1,000,000
Outstanding Balance
$997,336
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$241,156
Purchase Details
Closed on
Dec 8, 2021
Sold by
Burrows Robert D and Burrows Cidny J
Bought by
Gordon Seth Lawrence
Purchase Details
Closed on
May 11, 2006
Sold by
Lennar Homes Of California Inc
Bought by
Burrows Robert D and Burrows Cidny J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$534,750
Interest Rate
1.25%
Mortgage Type
Fannie Mae Freddie Mac
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 | $1,250,000 | Chicago Title | |
| Grant Deed | $1,180,000 | None Listed On Document | |
| Grant Deed | $668,500 | North American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | New Conventional | |
| Previous Owner | $75,000 | Credit Line Revolving | |
| Previous Owner | $534,750 | Fannie Mae Freddie Mac |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | Sold | $1,250,000 | -7.4% | $398 / Sq Ft |
| 04/24/2025 04/24/25 | Pending | -- | -- | -- |
| 02/05/2025 02/05/25 | For Sale | $1,350,000 | -- | $430 / Sq Ft |
Source: Greater Palm Springs Multiple Listing Service
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 | $19,951 | $1,252,224 | $95,508 | $1,156,716 |
| 2023 | $19,951 | $1,203,600 | $91,800 | $1,111,800 |
| 2022 | $12,931 | $638,972 | $159,374 | $479,598 |
| 2021 | $10,911 | $519,489 | $129,572 | $389,917 |
| 2020 | $9,727 | $463,830 | $115,690 | $348,140 |
| 2019 | $9,599 | $450,320 | $112,320 | $338,000 |
| 2018 | $9,377 | $433,000 | $108,000 | $325,000 |
| 2017 | $8,815 | $387,000 | $97,000 | $290,000 |
Source: Public Records
Agents Affiliated with this Home
-
Joel Handshuh
Map
Source: Greater Palm Springs Multiple Listing Service
MLS Number: 219127931
APN: 696-140-021
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.
Nearby Homes
- 84681 Litorale Ct
- 84657 Litorale Ct
- 84662 Litorale Ct
- 84645 Litorale Ct
- 43784 Riunione Place
- 84675 Lago Breeza Dr
- 44110 Le Seine Ln
- 43180 Portuale Ct
- 84692 Pavone Way
- 43199 Portuale Ct
- 43149 Portuale Ct
- 84450 Onda Dr
- 43250 Pietra Ct
- 43241 Pietra Ct
- 84425 Passagio Lago Way
- 43092 Armonia Ct
- 44206 Le Blanc Ct
- 43240 Bacino Ct
- 84392 Rodine Ave
- 42836 Del Lago Ct