NOT LISTED FOR SALE

85524 Molvena Dr Indio, CA 92203

Estimated Value: $593,000 - $635,000

4 Beds
3 Baths
2,491 Sq Ft
$247/Sq Ft Est. Value

Last Sold August 08, 2023

Last sale price $605,000 $243 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,236/month

176 Days on Market

Highlights

  • Fitness Center
  • Active Adult
  • Peek-A-Boo Views
  • Pebble Pool Finish
  • Gated Community
  • Open Floorplan

About This Home

As of August 2023

Stunning 4-bedroom, 3-bathroom home with a private pool and located in Four Seasons at Terra Lago, a 55+ active community. As you enter this immaculate kept home, you are met with 10-foot ceilings, neutral color scheme, porcelain diagonal laid tile flooring in halls and living area. The spacious kitchen will not disappoint and offers upgraded cabinets and granite slab countertops, large center island, pantry, 5-burner gas cooktop, pullout shelves and stainless-steel appliances. The great-room living area is perfect for all your entertaining and will accommodate your largest furniture or dining-room set. Dual basin sinks, separate soak tub, glass enclosed shower and large walk-in closet are just a few items offered in the master retreat. Back yard features include a covered patio, pebble pool with variable speed pump, water features, tanning shelf and concrete and paver laid patio deck. Other features include a full 3-car garage with ceiling storage racks, tankless water heater, laminate flooring in bedrooms, multiple walk-in closets, custom window coverings, recessed LED lighting, remote fans, gas fireplace and so much more. On site facilities include 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, boccie ball court, and tennis courts! This guard gated active adult community features fun activities such as social clubs and events.

Last Agent to Sell the Property

Kristopher Maddock

Equity Union License #01485000 Listed on: 01/19/2023

Equity Union

Last Buyer's Agent

Kristopher Maddock

Tarbell REALTORS License #01485000

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2017

Lot Details

  • 6,534 Sq Ft Lot
  • Home has North and South Exposure
  • Block Wall Fence
  • Drip System Landscaping
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinklers on Timer
  • Private Yard
  • Back and Front Yard

HOA Fees

  • $272 Monthly HOA Fees

Property Views

  • Peek-A-Boo
  • Mountain
  • Hills

Home Design

  • Tuscan Architecture
  • Slab Foundation
  • Tile Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2,491 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Gas Log Fireplace
  • Blinds
  • Sliding Doors
  • Great Room with Fireplace
  • Combination Dining and Living Room
  • Breakfast Room
  • Storage

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Low Flow Toliet
  • Secondary bathroom tub or shower combo
  • Shower Only
  • Shower Only in Secondary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Side by Side Parking
  • Garage Door Opener
  • Driveway
  • Guest Parking

Pool

  • Pebble Pool Finish
  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Pool
  • Pool Tile

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Property is located within a water district
  • Tankless Water Heater
  • Satellite Dish
  • Cable TV Available
  • TV Antenna

Additional Features

  • Covered Patio or Porch
  • Property is near park

Listing and Financial Details

  • Assessor Parcel Number 696310003

Community Details

Overview

  • Active Adult
  • Association fees include building & grounds, clubhouse
  • Four Seasons At Terra Lago Subdivision
  • Planned Unit Development

Amenities

  • Community Fire Pit
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Banquet Facilities
  • Billiard Room
  • Card Room
  • Recreation Room

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Sport Court
  • Bocce Ball Court
  • Fitness Center

Security

  • Security Service
  • Card or Code Access
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2017

Lot Details

0

HOA Fees

$272 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces South, Leisure Faces North
  • Levels: One
  • Building Number Of Stories: 1
  • Building Style: Tuscan
  • List Price per Sq Ft: 250.10
  • Lp Sp Ratio: 0.9700
  • View Type: Hills, Peek-A-Boo, Mountain(s)
  • Water District Name: Indio Water District.
  • Year Built: 2017
  • Listing I D: 219089655
  • Listing Office Address: 78411 HWY 111, La Quinta, CA 92253
  • Selling Office Address: 78411 HWY 111, La Quinta, CA 92253
  • Land Type: Fee
  • Subdivision: Four Seasons at Terra Lago
  • Special Features: None

Interior Features

  • Appliances: Dryer, Electric Oven, Microwave Oven, Washer, Refrigerator, Gas Dryer Hookup, Disposal, Dishwasher
  • Fireplace: Yes
  • Fireplace Location: Great Room
  • Interior Amenities: High Ceilings (9 Ft+), Storage, Open Floorplan
  • Range Hood: Yes
  • Fireplace Features: Gas Starter, Gas Log, Gas
  • Flooring: Laminate, Tile
  • Bedroom Features: Main Floor Bedroom, Walk In Closet, Primary Suite, Primary Retreat
  • Total Bedrooms: 4
  • Bathroom Features: Double Vanity(s), Tile Shower, Shower Stall, Shower & Tub, Low Flow Toilet(s)
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Eating Areas: Breakfast Counter/Bar, Living/Dining Combo, Kitchen Island
  • Kitchen Features: Granite Counters, Granite Slab Counters, Pantry, Island
  • Laundry: Individual Room
  • Estimated Sq Ft: 2491.00
  • Windows Treatments: Blinds

Exterior Features

  • Construction: Hard Coat Stucco, Wood
  • Roofing: Tile
  • Fencing: Block
  • Foundation: Slab
  • Patio: Brick - Tile, Concrete Slab, Covered
  • Pool: Yes
  • Pool Construction: Gunite, Tile, Pebble, In Ground
  • Pool Description: Not Heated, Private, In Ground, Gunite
  • Pool Location: Private
  • Planned Unit Development: Yes
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Side By Side, Driveway, Garage Door Opener
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • TV Svcs: TV Antenna, TV Satellite Dish, Cable TV
  • Cooling Type: Air Conditioning, Central Air
  • Heating: Central, Forced Air
  • Heating Fuel: Natural Gas
  • Security: Card/Code Access, Gated Community, Community
  • Sewer: Unknown
  • Water: Water District
  • Water Heater Feature: Tankless

Association/Amenities

  • Community Features: Pickle Ball Courts
  • Association #1 Frequency: Monthly
  • Gated Community: Yes

Condo/Co-op/Association

  • Association Fees Include: Building & Grounds, Clubhouse
  • Association Amenities: Barbecue, Basketball Court, Tennis Courts, Sport Court, Recreation Room, Picnic Area, Guest Parking, Fire Pit, Fitness Center, Card Room, Clubhouse, Billiard Room, Banquet Facilities, Bocce Ball Court
  • HOA Information: Yes
  • HOA Fee 1: 272.00
  • Senior Community: Yes
  • Total Monthly Association Fees: 272.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 696310003
  • Irrigation: Drip System, Sprinkler Timer, Sprinkler System
  • Lot Description: Back Yard, Yard, Utilities Underground, Street Lighting, Private, Street Paved, Sidewalks, Rectangular Lot, Level, Landscaped, Front Yard, Fenced, Curbs
  • Lot Location: Park Nearby
  • Lot Size: 6534.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple
  • Rental Restrictions: Yes
  • Short Term Rentals: Unknown

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2023
Closed on
Jul 7, 2023
Sold by
Bean Byron J and Bean Diane M
Bought by
James H Schaffer And Lark H Schaffer Revocabl and Schaffer
Seller's Agent
Kristopher Maddock
Equity Union
Buyer's Agent
Kristopher Maddock
RE/MAX Consultants
List Price
$639,000
Sold Price
$605,000
Premium/Discount to List
-$34,000
-5.32%
Views
147
Current Estimated Value
$622,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,153
Avg. Annual Appreciation
0.69%

Purchase Details

Closed on
Apr 21, 2017
Sold by
Terra Lago Iondio Llc
Bought by
Bean Byron J and Bean Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,600
Interest Rate
3.9%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
James H Schaffer And Lark H Schaffer Revocabl $605,000 Ticor Title
Bean Byron J $367,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bean Byron J $271,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2023 08/08/23 Sold $605,000 -2.9% $243 / Sq Ft
07/14/2023 07/14/23 Pending -- -- --
04/27/2023 04/27/23 Price Changed $623,000 -1.5% $250 / Sq Ft
03/09/2023 03/09/23 Price Changed $632,610 -1.0% $254 / Sq Ft
01/19/2023 01/19/23 For Sale $639,000 -- $257 / 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 $8,795 $617,100 $154,275 $462,825
2023 $8,795 $400,831 $80,165 $320,666
2022 $6,031 $392,973 $78,594 $314,379
2021 $5,872 $385,268 $77,053 $308,215
2020 $5,583 $381,318 $76,263 $305,055
2019 $5,142 $373,842 $74,768 $299,074
2018 $5,022 $366,512 $73,302 $293,210
2017 $182 $14,873 $14,873 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219089655

California Desert Association of REALTORS®

APN: 696-310-003