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85571 Adria Drive, Indio, California 92203, Indio, 92203 - 2 bed, 2 bath

85571 Adria Drive, Indio, California 92203 home-pic-0
ACTIVE$439,000
85571 Adria Drive, Indio, California 92203
2Beds
2Baths
1,632Sqft
5,227Lot

Price Vs. Estimate

The estimated value ($384,536.98) is $54,463.02 (12%) lower than the list price ($439,000). This property may be overpriced.

Key pros and cons

Top Pros:
Assumable VA Loan: Offers a highly attractive 2.75% interest rate, a significant financial advantage in the current market, accessible even to non-veterans who qualify.
Top Cons:
Age-Restricted Community: Being a 55+ community significantly narrows the potential buyer demographic, limiting market reach.

Compared to the nearby listings

Price:$439.0K vs avg $570.0K ($-131,000)15%
Size:1,632 sqft vs avg 2,147 sqft19%
Price/sqft:$269 vs avg $27443%

More Insights

Built in 2016 (9 years old).
Condition: This property, built in 2016, is only 8 years old and falls well within the 'within 10 years' criteria for an excellent rating. The images and description confirm a meticulously maintained home with an open floor plan, custom granite counters, stainless steel appliances, and a large walk-in pantry in the kitchen. Bathrooms feature dual vanities and appear clean and modern. Flooring is a mix of well-kept tile and carpet, and light fixtures are contemporary. There are no visible signs of wear, tear, or deferred maintenance, indicating that all components are virtually new and meet current quality standards. The property is move-in ready with no immediate renovations required.
Year Built
2016
Close
-
List price
$439K
Original List price
$448K
Price/Sqft
$269
HOA
$300
Days on market
-
Sold On
-
MLS number
219126009DA
Home ConditionExcellent
Features
Patio
View-

About this home

Beautiful 2-Bedroom + Den Home in a Premier 55+ Community with an ASSUMABLE* VA LOAN! Discover the perfect blend of comfort and convenience in this spacious 1,632 sq. ft. home featuring 2 bedrooms, 2 bathrooms, and a versatile den. Designed for modern living, the open floor plan seamlessly connects the living, dining, and kitchen areas, creating an inviting space for both relaxation and entertaining. The sizeable kitchen is a chef's dream, boasting custom granite counters, stainless steel appliances, and large walk-in pantry, perfect for all your culinary needs. The south-facing backyard with covered patio and lush lawn provide plenty of natural light and offers a serene retreat. Along with a beautiful community park right across the street. Car enthusiasts and golf lovers will appreciate the oversized 2-car + golf cart garage with plenty of extra room for storage. *ASSUMABLE VA LOAN at 2.75%--take advantage of this am amazing opportunity for an extremely low interest rate, NOTE buyer does not need to be a veteran, but loan must be serviced through Freedom Mortgage and buyer must meet their qualifying criteria. Located in Four Seasons at Terra Lago, an amenity-rich community, you'll enjoy access to an amazing clubhouse featuring a grand lobby/gathering area, fitness center, indoor and outdoor pools, a library, and a variety of different clubs to join from watercolor classes to book clubs and so much more. Whether you're looking for relaxation or an active lifestyle, this community has it all! Located just minutes from a variety of great dining, shopping destinations, and Fantasy Springs Resort & Spotlight 29 Casinos. Contact us today to schedule a showing and take advantage of this exceptional opportunity.

Condition Rating
Excellent
This property, built in 2016, is only 8 years old and falls well within the 'within 10 years' criteria for an excellent rating. The images and description confirm a meticulously maintained home with an open floor plan, custom granite counters, stainless steel appliances, and a large walk-in pantry in the kitchen. Bathrooms feature dual vanities and appear clean and modern. Flooring is a mix of well-kept tile and carpet, and light fixtures are contemporary. There are no visible signs of wear, tear, or deferred maintenance, indicating that all components are virtually new and meet current quality standards. The property is move-in ready with no immediate renovations required.
Pros & Cons

Pros

Assumable VA Loan: Offers a highly attractive 2.75% interest rate, a significant financial advantage in the current market, accessible even to non-veterans who qualify.
Premier 55+ Community & Amenities: Located in the amenity-rich Four Seasons at Terra Lago, providing resort-style living with a clubhouse, pools, fitness center, and diverse social clubs.
Modern & Functional Interior: Features an open floor plan, a spacious kitchen with custom granite counters, stainless steel appliances, and a large walk-in pantry, ideal for modern living and entertaining.
Flexible Space & Ample Storage: Includes a versatile den for various uses and an oversized 2-car plus golf cart garage, offering significant storage capacity.
Desirable Outdoor Living & Location: Boasts a south-facing backyard with a covered patio and lush lawn for a serene retreat, complemented by a community park directly across the street.

Cons

Age-Restricted Community: Being a 55+ community significantly narrows the potential buyer demographic, limiting market reach.
Potential Overpricing: The current listing price is 12% above the estimated property value, which may impact market competitiveness and buyer interest.
VA Loan Qualification Requirements: While assumable, the VA loan requires the buyer to meet specific qualifying criteria through Freedom Mortgage, potentially complicating the transfer process for some.

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