tomo logo

$800,000

Beds
4
Baths
2.25
sq ft
2,338

84066 Olona Ct, Indio, CA 92203

84066 Olona Ct

Indio, CA 92203

  • 13 days on market
This spectacular recently renovated estate is the envy of Terra Lago. Seller is offering up to $7500 grant towards buyer's closing with approved lender. Call me for details! This is your rare opportunity to own a designer-furnished home in the only guard-gated lake community in the Coachella Valley that permits short-term rentals with NO restrictions Step inside, and be captivated by this home's fresh interior and exterior paint, elegant newer flooring, custom shower, newly built saltwater pool and spa The floorplan maximizes space, creating an open and airy feel that exceeds expectations. This home is equipped with all the luxurious features expected in a top-tier short-term rental, generating over $25,000 in March and April! The minimal maintenance backyard, featuring a putting green, ensures you and your guests can relax and enjoy the space without constant upkeep. If you want to earn the title of ''Best Party Pad on the Planet'', this property is for you! Priced competitively in today's market, and is perfect for savvy investors looking to capitalize on the growing Coachella Valley and benefit from the area's ongoing development. As a bonus, this property is an excellent 1031 tax exchange candidate, offering unlimited potential for passive income through short-term rentals. Beyond its investment potential, it's an ideal vacation retreat for personal use. Residents enjoy abundant a amenities, including walking areas, parks, clubhouse, fitness centers, and playground!

Details

Property type

Single Family Residence

Est. home value

$791,201

Lot size

Unknown

Price per sq ft

$343

Year built

2008

Monthly HOA fee

$300

Price History

06/28/2024
DesertArea

DesertArea #219113316

Listed
$800,000
-5.53%
06/04/2024
DesertArea

DesertArea #219107775

Removed
$846,800
05/06/2024
DesertArea

DesertArea #219107775

Price change
$846,800
-0.01%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$43,329
Asking price
$800,000
Closing costs (~8% of asking)
-$64,000
Est. remaining loan balance
-$692,671
Cash to seller
$43,329

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

Seller’s Loan History

Lender

Resicentral Llc

Loan start date

January 2023

Original loan amount

$703,800

Est. remaining balance

$692,671

Interest rate

6.58%

Loan type

New Conventional, 30 year

Seller

David Dilbiyan

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?

Status: Active

Tomo last checked: 07/06/2024 at 2:25 AM

Listing updated: 07/05/2024 at 9:33 PM

Listed by: Alejandro Perez-Munoz, I Heart Real Estate, Inc. Phone #: (408) 230-4916

MLS: DesertArea #219113316

DesertArea logo

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