NOT LISTED FOR SALE

85438 Molvena Dr Indio, CA 92203

Estimated Value: $540,842 - $619,000

2 Beds
3 Baths
2,519 Sq Ft
$233/Sq Ft Est. Value

Last Sold October 27, 2020

Last sale price $432,190 $172 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,876/month

50 Days on Market

Highlights

  • Golf Course Community
  • Active Adult
  • 1 Fireplace
  • New Construction
  • Gated Community
  • Great Room

About This Home

As of October 2020

**The Lodge Is Now Open!** Four Seasons at Terra Lago in Indio is our newest upcoming community for those 55 and better! This brand new collection of homes at Terra Lago will feature single family homes up to approximately 2,747 sq feet and up to 4 bedrooms. These open designs feature spacious perfect for functional living. Next to Terra Lago's Golf Course its perfect to enjoy and entertain with family and friends. Four Seasons is known for it's resort-style living, and that's just what you will find at the Lodge clubhouse. At this approximately 22,00 sq. ft. facility you will experience incredible amenities such as state-of-the-art fitness center with an aerobics/yoga studio, ballroom, beauty salon with massage room and an indoor pool. Outdoors you will find a resort-style pool and spa with cabanas, a boccie ball court, tennis courts and so much more! This guard gated active adult community features fun activities, clubs and events for all of your interests including crafting, games and more.

Last Agent to Sell the Property

Terri Morgan

K Hovnanian Homes, Inc. Listed on: 08/11/2020

Last Buyer's Agent

Michelle Nguyen

K. Hovnanian Companies of CA License #02054803

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 6,510 Sq Ft Lot
  • Level Lot
  • Sprinkler System

HOA Fees

  • $220 Monthly HOA Fees

Interior Spaces

  • 2,519 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Great Room
  • Fire Sprinkler System

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Sewer in Street

Listing and Financial Details

  • Special Tax Authority

Community Details

Overview

  • Active Adult
  • Built by K. Hovnanian Homes
  • Four Seasons At Terra Lago Subdivision, Pinyon Flats Floorplan

Recreation

  • Golf Course Community

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$220 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: One
  • Builder Model Name: Pinyon Flats
  • Builder Name: K. Hovnanian Homes
  • Included In Sale: Upgraded flooring, Java Cabinets, Upgraded Granite, New Venetian Suite with Kitchenette, Laundry Sink & Cabinet, Center Meet Slider.
  • List Price per Sq Ft: 171.57
  • Lp Sp Ratio: 1.0000
  • Year Built: 2020
  • Listing I D: 219047577
  • Listing Member Address: 1260 Corona Pointe Court, ste 301, Corona, CA 92879
  • Listing Office Address: 1260 Corona Pointe Court, ste 301, Corona, CA 92879
  • Listing Office Fax: (877) 429-3610
  • Selling Office Address: 400 Exchange, Suite 200, Irvine, CA 92602
  • Land Type: Fee
  • New Construction: Yes
  • Subdivision: Four Seasons at Terra Lago
  • Special Features: NewHome

Interior Features

  • Flooring: Carpet, Tile, Laminate
  • Total Bedrooms: 2
  • One Quarter Bathrooms: 1.00
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Estimated Sq Ft: 2519.00

Exterior Features

  • Planned Unit Development: No

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Garage Door Opener
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Cooling Type: Air Conditioning
  • Heating: Central, Forced Air
  • Security: Fire Sprinkler System, Gated Community
  • Sewer: In Street Paid

Association/Amenities

  • Association #1 Frequency: Monthly
  • Gated Community: Yes
  • Golf Course Within Development: Yes

Condo/Co-op/Association

  • Association Amenities: Golf Course
  • HOA Information: Yes
  • HOA Fee 1: 220.00
  • Senior Community: Yes
  • Total Monthly Association Fees: 220.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: X
  • Irrigation: Sprinkler System
  • Lot Acres: 0.1494
  • Lot Description: Level
  • Lot Size: 6510.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Yes

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2020
Closed on
Oct 20, 2020
Sold by
Terra Lago Indio Llc
Bought by
Quast Jerry O and Quast Joann Z
Seller's Agent
Terri Morgan
K Hovnanian Homes, Inc.
Buyer's Agent
Michelle Nguyen
K. Hovnanian Companies of CA
List Price
$432,190
Sold Price
$432,190
Current Estimated Value
$586,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,521
Avg. Annual Appreciation
6.07%
Original Mortgage
$345,750
Outstanding Balance
$306,966
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$279,745
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Quast Jerry O $432,500 Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quast Jerry O $345,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2020 10/27/20 Sold $432,190 0.0% $172 / Sq Ft
09/30/2020 09/30/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $432,190 -- $172 / Sq Ft
Source: California Desert Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $7,061 $467,813 $97,418 $370,395
2023 $7,061 $449,649 $93,636 $356,013
2022 $6,637 $440,833 $91,800 $349,033
2021 $6,424 $432,190 $90,000 $342,190
2020 $1,008 $14,001 $14,001 $0
2019 $180 $13,727 $13,727 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219047577

California Desert Association of REALTORS®

APN: 696-310-044