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$1,100,000

Beds
4
Baths
3.5
sq ft
2,416

43149 Portuale Ct, Indio, CA 92203

43149 Portuale Ct

Indio, CA 92203

  • 192 days on market
Come home to a stunning, almost new lakefront property located in the Terra Lago community in Indio, California. This home comes with the added advantage of having paid-off solar panels, modern designer furniture, and top-of-the-line stainless steel appliances included, enhancing its value and appeal with energy efficiency and high-end amenities. It comes fully furnished and equipped, including all furniture, appliances, decorations, and outdoor amenities like a BBQ, table, and chairs. Built in 2022, the house boasts a modern open floor plan on the first level, integrating the Great Room, kitchen, and dining area into a cohesive and spacious living space. This home features two master bedrooms, one located downstairs and the other upstairs, providing versatile living options and added convenience. The second floor of the home is equally impressive, featuring a loft area and three additional bedrooms. The highlight of this level is the luxurious owner's suite, which comes with its own private covered balcony, offering a serene retreat and spectacular views.The property is part of Lido, a collection of new modern homes within the Terra Lago master-planned community. This community is noted for its secure, guard-gated environment, ensuring privacy and safety for residents. The location is a significant draw, nestled in a beautiful desert setting and conveniently close to the newly opened Acrisure Arena, a hub for diverse events and entertainment. Tennis enthusiasts will appreciate the proximity to the annual Indian Wells Tennis Tournament, one of the major tennis events globally. Moreover, the property is just 10 minutes away from the famous Coachella Music Festival and Stagecoach Country Music Festival, adding to its allure. The area is also dotted with well-known resorts, spas, restaurants, and concert venues, ensuring residents have endless options for leisure and entertainment. Additionally, the Terra Lago community and the city of Indio are accommodating of short-term rentals, making this property an excellent investment opportunity. This property is ideally set up for an Airbnb / Short Term rental business and simply requires the application to the City of Indio for approval. During high-demand events like the Coachella and Stagecoach festivals, neighboring properties typically command rental rates of about $2,000 to $3,000 per night as of writing. On other days, the going rate for Airbnb / Short Term rentals in the area ranges from about $600 to $1,200 per night. The combination of luxury living, stunning surroundings, and the potential for rental income presents a compelling package for prospective homebuyers.

Details

Property type

Single Family Residence

Est. home value

$718,641

Lot size

4,356 sq ft

Price per sq ft

$456

Year built

2022

Monthly HOA fee

$285

Price History

05/02/2024
CLAW

CLAW #24349411

Price change
$1,100,000
+4.76%
05/01/2024
CLAW

CLAW #24349411

Listed
$1,050,000
04/13/2024
CLAW

CLAW #24349411

Removed
$1,050,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$488,849
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$523,151
Cash to seller
$488,849

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Lennar Mortgage Llc

Loan start date

January 2023

Original loan amount

$532,000

Est. remaining balance

$523,151

Interest rate

6.31%

Loan type

New Conventional, 30 year

Seller

Rosalie Sevilla Mabasa and Gene John Mabasa

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/29/2024 at 11:30 AM

Listing updated: 06/07/2024 at 10:06 PM

Listed by: Charles Chamorro, eXp Realty of California Inc Phone #: (888) 584-9427

MLS: CLAW #24349411

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