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83822 Collection Drive, Indio, California 92203, Indio, 92203 - 3 bed, 3 bath

83822 Collection Drive, Indio, California 92203 home-pic-0
ACTIVE$700,000
83822 Collection Drive, Indio, California 92203
3Beds
3Baths
2,273Sqft
7,405Lot

Price Vs. Estimate

The estimated value ($483,745.105) is $216,254.895 (30%) lower than the list price ($700,000). This property may be overpriced.

Key pros and cons

Top Pros:
Assumable VA Loan Opportunity: The property offers a rare assumable VA loan with an interest rate under 3% (approx. $300,000 balance), available even to non-veterans, providing significant financial savings on interest over time.
Top Cons:
Significant Overpricing: The current list price of $700,000 is substantially higher than the property's estimated market value and recent comparable sales, potentially limiting buyer interest and requiring a price adjustment.

Compared to the nearby listings

Price:$700.0K vs avg $570.5K (+$129,500)77%
Size:2,273 sqft vs avg 2,160.5 sqft59%
Price/sqft:$308 vs avg $27476%

More Insights

Built in 2005 (20 years old).
Condition: Built in 2005, this property is 19 years old and appears to be meticulously maintained, making it move-in ready. The kitchen features granite countertops, rich wood cabinetry, stainless steel appliances, and a glass tile backsplash, all in good condition, though the style reflects its mid-2000s build. Bathrooms are functional and well-kept, with the secondary bath showing standard fixtures for its age. While the interior styles (cabinetry, tile flooring, light fixtures) are not contemporary, they are in excellent condition with no visible wear or damage. Major systems are functional, and the property offers desirable amenities like a private pool and spa. It meets the criteria for 'Good' as it's within the 10-20 year age range, well-maintained, and requires no immediate renovations, despite not having undergone a full recent modernization.
Year Built
2005
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$308
HOA
$115
Days on market
-
Sold On
-
MLS number
219128954DA
Home ConditionGood
Features
Pool
Spa
Patio
ViewPool

About this home

RARE FINANCING OPPORTUNITY--ASSUMABLE LOAN UNDER 3% EVEN IF YOU'RE NOT A VETERAN!Take advantage of this incredible offer--this home comes with a partial VA assumable loan at below 3% interest, and the seller is giving up their entitlement, making it available to non-veterans. With an approximate loan balance of $300,000, this is your chance to save thousands on interest over time!Welcome to your dream home in the highly sought-after Desert Collection--a gated North Indio community with NO MELLO-ROOS and low HOA fees! This beautiful 3-bedroom, 3-bathroom pool home offers over 2,000 sq ft of thoughtfully designed living space. The expansive primary suite spans an entire wing of the home and boasts a spa-like ensuite with dual vanities, a soaking tub, walk-in shower, and oversized walk-in closet. A second primary suite with private bath provides excellent flexibility for guests or multi-generational living.The chef's kitchen features granite countertops, a breakfast bar, dining area, rich wood cabinetry, a stylish glass tile backsplash, and a built-in wine fridge. The open-concept living room showcases tile flooring, a cozy fireplace, and a custom entertainment center.Step outside to your private backyard oasis--complete with a sparkling pool and spa, serene water features, and a covered patio perfect for relaxing or entertaining.Conveniently located near top-tier golf courses, shopping, dining, and the area's best entertainment venues.Don't miss this rare opportunity--own a stunning home and lock in an incredible interest rate. Schedule your private showing today!

Nearby schools

/10
Dwight Eisenhower Elementary School
Public,•K-5•1.2mi
4/10
Desert Ridge Academy
Public,•6-8•4.5mi
5/10
Shadow Hills High School
Public,•9-12•4.2mi
Condition Rating
Good
Built in 2005, this property is 19 years old and appears to be meticulously maintained, making it move-in ready. The kitchen features granite countertops, rich wood cabinetry, stainless steel appliances, and a glass tile backsplash, all in good condition, though the style reflects its mid-2000s build. Bathrooms are functional and well-kept, with the secondary bath showing standard fixtures for its age. While the interior styles (cabinetry, tile flooring, light fixtures) are not contemporary, they are in excellent condition with no visible wear or damage. Major systems are functional, and the property offers desirable amenities like a private pool and spa. It meets the criteria for 'Good' as it's within the 10-20 year age range, well-maintained, and requires no immediate renovations, despite not having undergone a full recent modernization.
Pros & Cons

Pros

Assumable VA Loan Opportunity: The property offers a rare assumable VA loan with an interest rate under 3% (approx. $300,000 balance), available even to non-veterans, providing significant financial savings on interest over time.
Gated Community with Favorable HOA: Located in the highly sought-after Desert Collection, a gated community with NO MELLO-ROOS and low HOA fees, enhancing security and reducing ongoing ownership costs.
Private Backyard Oasis: Features a sparkling pool and spa, serene water features, and a covered patio, creating an ideal private outdoor space for relaxation and entertaining.
Flexible Living Arrangements: Boasts an expansive primary suite and a second primary suite with a private bath, offering excellent flexibility for guests or multi-generational living.
Well-Appointed Interior & Kitchen: Includes a chef's kitchen with granite countertops, a built-in wine fridge, and an open-concept living room with tile flooring, a cozy fireplace, and a custom entertainment center.

Cons

Significant Overpricing: The current list price of $700,000 is substantially higher than the property's estimated market value and recent comparable sales, potentially limiting buyer interest and requiring a price adjustment.
Potential for Dated Interior Elements: Built in 2005, some interior finishes like 'rich wood cabinetry' and 'tile flooring' may be perceived as dated by modern buyers, potentially necessitating updates.
Lack of Modern Energy Efficiency Upgrades: The description does not highlight any recent energy-saving improvements (e.g., solar panels, updated windows), which could lead to higher utility costs in the desert climate.

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