tomo logo

$629,900

Beds
5
Baths
3.5
sq ft
1,620

53200 Avenida Velasco, La Quinta, CA 92253

53200 Avenida Velasco

La Quinta, CA 92253

  • 9 days on market
Welcome to 53200 Avenida Velasco – A Beautiful Renovated Gem in La Quinta Cove. This stunning property features a spacious 3-bedroom, 2.5-bath main home, alongside a fully equipped 2-bedroom, 1-bath attached ADU. Perfect for multi-generational living, hosting guests, or as a rental unit for additional income. The large lot provides plenty of space for a pool, and you’ll be captivated by the breathtaking mountain views that complement the modern, sophisticated ambiance of the property. The main home has been thoughtfully renovated, with a newly remodeled kitchen and bathrooms that bring a fresh, contemporary vibe. Nestled in the desirable La Quinta Cove just minutes away from scenic hiking trails, Coachella, restaurants, and Old Town La Quinta, vibrant shopping, dining, and the local farmer’s market are all nearby. This property offers an incredible investment opportunity, or the chance to live in the main home while renting out the ADU to offset your mortgage. Pool renderings are available upon request, allowing you to visualize the full potential of this fantastic space. Don’t miss out on this move-in-ready home – your dream property awaits!

Details

Property type

Single Family Residence

Est. home value

$543,320

Lot size

4,792 sq ft

Price per sq ft

$389

Year built

1973

HOA

No

Price History

01/14/2025
CRMLS

CRMLS #CV25009800

Listed
$629,900
+18.29%
05/12/2022
CRMLS

CRMLS #SW22033883

Sold
$532,500
+142.05%
04/09/2021
DesertArea

DesertArea #219051509

Sold
$220,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Desert Sands Unified

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

$80,333
Asking price
$629,900
Closing costs (~8% of asking)
-$50,392
Est. remaining loan balance
-$499,175
Cash to seller
$80,333

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

Seller’s Loan History

Lender

Roundpoint Mortgage Servicing Corp

Loan start date

May 2022

Original loan amount

$522,854

Est. remaining balance

$499,175

Interest rate

4.42%

Loan type

FHA, 30 year

Seller

Kim L Contreras

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: 01/23/2025 at 1:00 PM

Listing updated: 01/21/2025 at 1:59 PM

Listed by: Edith Martinez, EM Realty Group, Inc. Phone #: (951) 201-1754

MLS: CRMLS #CV25009800

CRMLS logo

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