48781 Renewal Street, Indio, California 92201, Indio, 92201 - 4 bed, 4 bath
ACTIVE$1,747,000
48781 Renewal Street, Indio, California 92201
4Beds
4Baths
2,931Sqft
13,939Lot
Price Vs. Estimate
The estimated value ($1,471,217.435) is $275,782.565 (15%) lower than the list price ($1,747,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13939, living area = 2931.
Top Cons:
Significant Overpricing: The current list price of $1.747M is 15% above the estimated market value of $1.471M, suggesting it may be significantly overpriced compared to recent sales and market expectations.
Compared to the nearby listings
Price:$1.75M vs avg $556.5K (+$1,190,550)97%
Size:2,931 sqft vs avg 1,890 sqft93%
Price/sqft:$596 vs avg $299100%
More Insights
Built in 2005 (20 years old).
Condition: Built in 2005, this property is in very good, move-in ready condition with no immediate renovations required. The kitchen features stainless steel appliances, granite countertops, and dark wood cabinets, which are functional and well-maintained, though the style reflects an earlier 2000s aesthetic rather than a recent, full modern renovation. Bathrooms are similarly well-kept with dark wood vanities and granite. Flooring is a mix of tile and carpet, all appearing clean. The exterior and backyard, including the pool, spa, fire pit, and putting green, are exceptionally well-maintained and updated for entertainment. While the interior finishes are not cutting-edge modern, the overall quality, maintenance, and amenities firmly place it in the 'Good' category.
Year Built
2005
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
$596
HOA
$210
Days on market
-
Sold On
-
MLS number
219126755DA
Home ConditionGood
Features
Good View: Hills, Mountain(s), Panoramic, Pool
Pool
Spa
Patio
ViewHills, Mountain(s), Panoramic, Pool
About this home
Nearby schools
3/10
Mountain Vista Elementary School
Public,•K-6•0.5mi
3/10
Cahuilla Desert Academy Junior High
Public,•7-8•2.3mi
3/10
Coachella Valley High School
Public,•9-12•4.6mi
Condition Rating
Good
Built in 2005, this property is in very good, move-in ready condition with no immediate renovations required. The kitchen features stainless steel appliances, granite countertops, and dark wood cabinets, which are functional and well-maintained, though the style reflects an earlier 2000s aesthetic rather than a recent, full modern renovation. Bathrooms are similarly well-kept with dark wood vanities and granite. Flooring is a mix of tile and carpet, all appearing clean. The exterior and backyard, including the pool, spa, fire pit, and putting green, are exceptionally well-maintained and updated for entertainment. While the interior finishes are not cutting-edge modern, the overall quality, maintenance, and amenities firmly place it in the 'Good' category.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13939, living area = 2931.
Prime Location: Located in the desirable 'Montage at Santa Rosa' subdivision, known for its proximity to major events like Coachella and Stagecoach festivals, renowned golf courses, and the Indian Wells Tennis Garden, making it attractive for both residents and short-term renters.
Desirable Views: The property offers appealing Hills, Mountain(s), Panoramic, and Pool views, enhancing its aesthetic appeal and potential market value.
Generous Lot Size: With a substantial lot size of 13,939 sqft, the property provides ample outdoor space for potential landscaping, additional amenities, or privacy.
Modern Construction: Built in 2005, the property benefits from relatively modern construction, suggesting contemporary design elements and potentially fewer immediate maintenance concerns compared to older homes.
Strong Short-Term Rental Potential: The 'Montage at Santa Rosa' subdivision is identified in comparable listings as a top-performing and approved short-term rental community, indicating significant income-generating potential for investors.
Cons
Significant Overpricing: The current list price of $1.747M is 15% above the estimated market value of $1.471M, suggesting it may be significantly overpriced compared to recent sales and market expectations.
Limited Detailed Amenities/Upgrades: The property description lacks specific mention of recent high-value renovations or unique amenities (e.g., detached casita, extensive outdoor entertainment features like mini-golf or dedicated game rooms) that are present in higher-priced comparable sales within the same subdivision.
Smaller Size Compared to Higher-Priced Comps: While offering 4 beds/4 baths and 2931 sqft, several higher-priced comparable properties in the same subdivision feature 5-6 bedrooms, 5 bathrooms, and larger square footage (3225-3610 sqft), potentially making the subject property less competitive on size for its price point.