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48894 Renewal Street, Indio, California 92201, Indio, 92201 - 5 bed, 4 bath

48894 Renewal Street, Indio, California 92201 home-pic-0
ACTIVE UNDER CONTRACT$1,550,000
48894 Renewal Street, Indio, California 92201
5Beds
4Baths
3,346Sqft
13,504Lot

Price Vs. Estimate

The estimated value ($1,433,662.7) is $116,337.3 (7%) lower than the list price ($1,550,000). 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 = 13504, living area = 3346.
Top Cons:
Listing Price Discrepancy: The current listing price of $1.55 million is 7% higher than the estimated property value of $1.43 million, which may suggest it is priced above market expectations.

Compared to the nearby listings

Price:$1.55M vs avg $556.5K (+$993,550)96%
Size:3,346 sqft vs avg 1,890 sqft95%
Price/sqft:$463 vs avg $29995%

More Insights

Built in 2005 (20 years old).
Condition: This property, built in 2005, presents as virtually new due to extensive and high-quality renovations. The 'chef's kitchen' features modern stainless steel appliances, slab countertops, a custom tile backsplash, double wall ovens, and a pot filler. Bathrooms are explicitly stated as 'remodeled' and showcase contemporary fixtures and finishes in the images. Further upgrades include LED light fixtures, custom stacked stone accents, and an owned solar system, all contributing to a modern aesthetic and functionality. The overall condition, style, and features, particularly in the kitchen and bathrooms, meet current quality standards with no visible deferred maintenance, indicating a recent and comprehensive renovation.
Year Built
2005
Close
-
List price
$1.55M
Original List price
$1.55M
Price/Sqft
$463
HOA
$175
Days on market
-
Sold On
-
MLS number
219121258DA
Home ConditionExcellent
Features
Good View:
Pool
Spa
Patio
View-

About this home

Welcome to Montage at Santa Rosa! This SHORT-TERM RENTAL READY home offers a spacious and versatile floor plan, easily convertible to a 6-bedroom layout. The chef's kitchen shines with a custom tile backsplash, slab countertops, stainless steel appliances, double wall ovens, and a convenient pot filler over the cooktop. The 3-car garage features epoxy-coated floors and built-in storage.Thoughtful upgrades include LED light fixtures, custom stacked stone accents, a remodeled laundry room and bathrooms, faux turf in the front yard, and more. The expansive courtyard and backyard are perfect for entertaining or unwinding, with highlights like a built-in BBQ station, a covered patio with a cozy outdoor fireplace, and a sparkling pool and spa.Situated on a premium corner lot nearly 1/3 acre, this turnkey furnished property also boasts an owned solar system to keep energy costs low. Whether you're seeking a luxury getaway or an income-generating investment, this gem in the heart of the Coachella Valley is not to be missed!

Nearby schools

3/10
Mountain Vista Elementary School
Public,•K-6•0.5mi
3/10
Cahuilla Desert Academy Junior High
Public,•7-8•2.2mi
3/10
Coachella Valley High School
Public,•9-12•4.5mi
Condition Rating
Excellent
This property, built in 2005, presents as virtually new due to extensive and high-quality renovations. The 'chef's kitchen' features modern stainless steel appliances, slab countertops, a custom tile backsplash, double wall ovens, and a pot filler. Bathrooms are explicitly stated as 'remodeled' and showcase contemporary fixtures and finishes in the images. Further upgrades include LED light fixtures, custom stacked stone accents, and an owned solar system, all contributing to a modern aesthetic and functionality. The overall condition, style, and features, particularly in the kitchen and bathrooms, meet current quality standards with no visible deferred maintenance, indicating a recent and comprehensive renovation.
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 = 13504, living area = 3346.
Short-Term Rental Ready: The property is explicitly marketed as 'SHORT-TERM RENTAL READY' and 'income-generating investment,' making it highly attractive for investors in the popular Coachella Valley market.
Premium Outdoor Entertainment: The expansive courtyard and backyard feature a built-in BBQ station, covered patio with an outdoor fireplace, and a sparkling pool and spa, ideal for entertaining and relaxation.
Owned Solar System: An owned solar system is installed, providing a significant advantage by reducing energy costs and enhancing the property's long-term value and appeal.
Extensive Upgrades & Turnkey: The home boasts thoughtful upgrades including LED light fixtures, custom stacked stone accents, remodeled laundry room and bathrooms, and is offered turnkey furnished, minimizing immediate expenses for a buyer.
Versatile Layout & Premium Lot: The spacious floor plan is easily convertible to a 6-bedroom layout, offering flexibility for larger groups, and it sits on a premium corner lot of nearly 1/3 acre, providing ample space and privacy.

Cons

Listing Price Discrepancy: The current listing price of $1.55 million is 7% higher than the estimated property value of $1.43 million, which may suggest it is priced above market expectations.
Recurring Association Fees: The property is subject to a monthly association fee of $175, which is an ongoing cost of ownership that potential buyers must consider.
Property Age: Built in 2005, while many areas have been upgraded, some core systems of the 19-year-old property may be original and could require future maintenance or replacement.

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