47395 Monroe Street 125, Indio, California 92201, Indio, 92201 - 2 bed, 1 bath
ACTIVE$229,900$951/sqft
47395 Monroe Street 125, Indio, California 92201
2Beds
1Bath
951Sqft
919Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Affordable Entry Price: Listed at $229,900, this condo offers an accessible and affordable entry point into the Indio real estate market.
Top Cons:
CASH ONLY Transaction: The requirement for a cash-only transaction severely limits the pool of potential buyers, potentially prolonging the sale process.
Compared to the nearby listings
Price:$229.9K vs avg $299.5K ($-69,600)22%
Size:951 sqft vs avg 1,095 sqft28%
Price/sqft:$242 vs avg $26728%
More Insights
Built in 1982 (44 years old).
Condition: The property was built in 1982, making it over 40 years old. While the exterior appears to be maintained, there are no interior images provided to assess the condition of the kitchen, bathrooms, appliances, flooring, or other critical interior features. The listing's own analysis highlights it as an 'Older Property & Potential for Updates,' suggesting that 'significant updates to systems, finishes, or appliances' may be required. This aligns with a 'Fair' condition, indicating an aged home that has likely been maintained but has outdated components and requires minor to moderate updates to meet current standards. The 'CASH ONLY' transaction also often implies that the property may not qualify for conventional financing due to its condition or other factors.
Year Built
1982
Close
-
List price
$230K
Original List price
$230K
Price/Sqft
$242
HOA
$378
Days on market
-
Sold On
-
MLS number
IV25282204
Home ConditionFair
Features
Deck
View-
About this home
Affordable living at only $229,900 in Indio, California. Great Opportunity to own this two bedroom, one bath condo in Indio, CA.***SPECIAL NOTES: (1) This is a CASH ONLY transaction. (2) Seller to pay Taxes, HOA, and Municipal/Utility Liens. (3) Please read the Auction disclaimers carefully before placing a bid or submitting an offer.
N
NEVEN SPRALJA
Listing Agent
Nearby schools
7/10
Dr. Reynaldo J. Carreon Jr. Academy
Public,•K-5•0.1mi
3/10
Thomas Jefferson Middle School
Public,•6-8•1.3mi
4/10
Indio High School
Public,•9-12•0.8mi
Price History
Date
Event
Price
08/12/99
Sold
$42,000
07/14/21
Sold
$185,000
02/13/09
Sold
$70,000
06/30/05
Sold
$196,000
06/12/03
Sold
$95,500
Condition Rating
Fair
The property was built in 1982, making it over 40 years old. While the exterior appears to be maintained, there are no interior images provided to assess the condition of the kitchen, bathrooms, appliances, flooring, or other critical interior features. The listing's own analysis highlights it as an 'Older Property & Potential for Updates,' suggesting that 'significant updates to systems, finishes, or appliances' may be required. This aligns with a 'Fair' condition, indicating an aged home that has likely been maintained but has outdated components and requires minor to moderate updates to meet current standards. The 'CASH ONLY' transaction also often implies that the property may not qualify for conventional financing due to its condition or other factors.
Pros & Cons
Pros
Affordable Entry Price: Listed at $229,900, this condo offers an accessible and affordable entry point into the Indio real estate market.
Seller-Paid Closing Costs: The seller's commitment to cover taxes, HOA, and municipal/utility liens significantly reduces the buyer's upfront financial burden.
Community Amenities: The 'Outdoor Resorts CC' subdivision name strongly implies access to shared community amenities, enhancing the lifestyle appeal typical of resort areas.
Proximity to Highly-Rated Elementary School: Located just 0.07 miles from Dr. Reynaldo J. Carreon Jr. Academy, a public elementary school with a rating of 7, making it attractive for families.
Investment Potential: Given Indio's status as a popular resort destination, this affordable condo presents potential for rental income or future appreciation.
Cons
CASH ONLY Transaction: The requirement for a cash-only transaction severely limits the pool of potential buyers, potentially prolonging the sale process.
Older Property & Potential for Updates: Built in 1982, the property is over 40 years old, suggesting that it may require significant updates to systems, finishes, or appliances, incurring additional costs for the buyer.
High Monthly HOA Fee: A monthly association fee of $378 is substantial for a property listed at $229,900, adding a significant recurring cost to ownership.