tomo logo

$719,900

Beds
4
Baths
3.0
sq ft
2,371

84637 Pavone Way, Indio, CA 92203

84637 Pavone Way

Indio, CA 92203

  • 65 days on market
    • Price drop $10,000↓
On your mark, get set & go!! Savvy investors and primary owners here's an absolute masterpiece of a vacation rental for sale in the highly sought after community of Terra Lago with no rental restrictions which is a rarity. This property is a successful part- time vacation rental that is being offer turn-key furnished and is ready to generate top income for the savvy investor. Similar properties in the community generate north of $120,000 yearly in vacation rental income and this listing will do the same or more. The backyard is ready for entertaining with a custom firepit, covered patio, large pool & spa with room to add a water slide, putting green, newer aluma-wood patio, outdoor pool table and has gorgeous mountain views. The interior offers four bedrooms, three baths and three car garage. The interior has newer furnishings, newer flooring, newer paint and many more upgrades to list. The upstairs master bedroom has a private balcony with beautiful southern views of the Santa Rosa mountains and also overlooks the community lake. This home is a winner, is being offered furnished and is ready to start generating income immediately! This will be a great 1031 tax exchange purchase to generate passive income for many years to come. Don't overlook the fact that this is one of very few communities that still allows short term rentals and this community is a hidden gem!

Details

Property type

Single Family Residence

Est. home value

$878,984

Lot size

Unknown

Price per sq ft

$304

Year built

2008

Monthly HOA fee

$274

Price History

11/13/2024
DesertArea

DesertArea #219116501

Price change
$719,900
-1.37%
10/22/2024
DesertArea

DesertArea #219116501

Price change
$729,900
-2.01%
10/08/2024
DesertArea

DesertArea #219116501

Price change
$744,900
-4.38%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

$328,702
Asking price
$719,900
Closing costs (~8% of asking)
-$57,592
Est. remaining loan balance
-$333,606
Cash to seller
$328,702

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

Seller’s Loan History

Lender

Best Capital Funding

Loan start date

January 2021

Original loan amount

$365,460

Est. remaining balance

$333,606

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Anahit Gevorgyan

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: 11/14/2024 at 2:15 PM

Listing updated: 11/12/2024 at 5:50 PM

Listed by: David Colin, HomeSmart Phone #: (760) 844-7500

MLS: DesertArea #219116501

DesertArea logo

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