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47815 Dancing Butterfly, La Quinta, California 92253, La Quinta, 92253 - 3 bed, 2 bath

47815 Dancing Butterfly, La Quinta, California 92253 home-pic-0
ACTIVE$373,000
47815 Dancing Butterfly, La Quinta, California 92253
3Beds
2Baths
1,337Sqft
3,920Lot
Year Built
2007
Close
-
List price
$373K
Original List price
$373K
Price/Sqft
$279
HOA
$304
Days on market
-
Sold On
-
MLS number
219128224DA
Home ConditionGood
Features
Good View: Peek-A-Boo
Patio
ViewPeek-A-Boo

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $373.0K(2th), sqft - 1337(7th), beds - 3(50th), baths - 2(35th).

Total purchase price is $463,000 but buyer only pays $373,000( $463k - 90K silent second) This immaculate 3 BR, 2 BA home is located in the much desired 55+ development of Watercolors. You will appreciate the impeccable pride of ownership & the private cul-de-sac location. Featuring high ceilings,neutral flooring throughout, a cozy fireplace in the great room, an indoor laundry & an attached 2 car garage.This floor plan offers an open great room concept with a spacious kitchen featuring a breakfast bar, newer appliances and a newer garbage disposal.The primary bedroom is spacious with a large walk in closet & en suite bathroom with a dual sink vanity & walk in shower. Slider in the great room has access to an over-sized covered patio making it the perfect space for outdoor living & your fur babies. Additional upgrades include newer code compliant Forced Air Unit & A/C with a air purifier, newer Hot Water Heater (2024), newer Toilets in both bathrooms, Rain Gutters, landscape rocks, Surge Protector at Breaker Box and all indoor plumbing was updated in 2024.Watercolors is an income qualified community offering low maintenance living, community pool & spa and a clubhouse. Income limits (minimum and maximum income based on household size:1 person 62,501 to 87,300, 2 people 71,651 to 99,750, 3 people 80,551 to 112,250. Must be a primary residence, no rentals, no all cash purchases, no investment buyers.

Nearby schools

6/10
Harry S. Truman Elementary School
Public,•K-5•1.1mi
5/10
La Quinta Middle School
Public,•6-8•1.1mi
6/10
La Quinta High School
Public,•9-12•0.9mi
Condition Rating
Good
This property, built in 2007, falls within the 10-20 year age range for a 'Good' rating. The description highlights 'immaculate' condition and 'impeccable pride of ownership,' which is supported by the clean and well-maintained appearance in the images. Crucially, the home boasts significant recent upgrades in 2024, including a newer code-compliant Forced Air Unit & A/C, a newer Hot Water Heater, newer toilets, and updated indoor plumbing. The kitchen features 'newer appliances' and a mosaic tile backsplash, though the white tile countertops and white appliances lean towards a more traditional style rather than a fully modern renovation. Bathrooms are clean with dual vanities but also reflect a more traditional aesthetic. The extensive updates to major systems ensure the property is move-in ready with minimal wear and tear on critical components, aligning perfectly with the 'Good' criteria.
Pros & Cons

Pros

Substantial Financial Incentive: A $90,000 silent second mortgage significantly reduces the effective purchase price for qualified buyers, enhancing affordability.
Extensive Recent System Upgrades: Key components like the HVAC system (with air purifier), hot water heater (2024), and all indoor plumbing (2024) have been recently updated, minimizing immediate maintenance concerns.
Desirable 55+ Community Living: Located in the sought-after Watercolors 55+ development, offering low-maintenance living and access to community amenities including a pool, spa, and clubhouse.
Immaculate Condition & Modern Interior: The home is described as 'immaculate' with 'impeccable pride of ownership,' featuring high ceilings, neutral flooring, an open great room concept, and a cozy fireplace.
Updated Kitchen & Functional Layout: Features a spacious kitchen with newer appliances and a breakfast bar, a large primary suite with a walk-in closet and dual-sink vanity, and an oversized covered patio for outdoor living.

Cons

Highly Restrictive Buyer Qualifications: The property is subject to strict income limits, a 55+ age restriction, and mandates primary residence occupancy, severely limiting the eligible buyer pool.
Prohibition on Certain Purchase Types: No rentals, all-cash purchases, or investment buyers are permitted, further narrowing marketability and potential resale options.
Financing Complexity: The silent second mortgage structure may require buyers to work with specific lenders familiar with the City of La Quinta Housing Authority program, potentially complicating the financing process.

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