48255 Monroe 9, Indio, California 92201, Indio, 92201 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$240,000
48255 Monroe 9, Indio, California 92201
2Beds
2Baths
998Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Extensive Community Amenities: The Quail Lakes community offers a wealth of amenities including well-manicured grounds, a serene lake, tennis courts, a sparkling pool, and gated entry for enhanced lifestyle and security.
Top Cons:
High Monthly Association Fees: A monthly association fee of $714 is substantial and could significantly impact the overall cost of ownership and affordability for potential buyers.
Compared to the nearby listings
Price:$240.0K vs avg $282.5K ($-42,500)35%
Size:998 sqft vs avg 1,024.5 sqft45%
Price/sqft:$240 vs avg $27025%
More Insights
Built in 1980 (45 years old).
Condition: Built in 1980, the property is well-maintained but shows its age through outdated features. The kitchen has some updated elements like white cabinets and countertops, but the fluorescent lighting and mixed appliance colors are dated. The bathroom is significantly outdated with an older vanity, light fixture, terracotta-colored tile, and carpet, indicating a need for modernization. Overall, it's functional but requires minor updates to meet current aesthetic standards.
Year Built
1980
Close
-
List price
$240K
Original List price
$295K
Price/Sqft
$240
HOA
$714
Days on market
-
Sold On
-
MLS number
PW25250882
Home ConditionFair
Features
Good View:
Deck
View
About this home
Beautifully Maintained 2-Bedroom, 2-Bathroom Condo in Quail Lakes Community. The primary bedroom features a spacious layout with an en-suite bath and direct balcony access, providing views of the lake and pool area. The high ceilings in the living room create a bright, open atmosphere that enhances the overall sense of space and comfort. The community includes well-manicured grounds with a serene lake, tennis courts, a sparkling pool, and a gated entry for added security. Conveniently situated near the Empire Polo Grounds, home to the world-renowned Coachella and Stagecoach Music Festivals, this property combines relaxed living with easy access to local entertainment and amenities.
Nearby schools
3/10
Mountain Vista Elementary School
Public,•K-6•1.0mi
3/10
Cahuilla Desert Academy Junior High
Public,•7-8•2.1mi
3/10
Coachella Valley High School
Public,•9-12•4.3mi
Price History
Date
Event
Price
12/30/99
Sold
$41,000
10/28/96
Sold
$35,000
08/25/22
Sold
$305,000
04/26/19
Sold
$152,000
Condition Rating
Fair
Built in 1980, the property is well-maintained but shows its age through outdated features. The kitchen has some updated elements like white cabinets and countertops, but the fluorescent lighting and mixed appliance colors are dated. The bathroom is significantly outdated with an older vanity, light fixture, terracotta-colored tile, and carpet, indicating a need for modernization. Overall, it's functional but requires minor updates to meet current aesthetic standards.
Pros & Cons
Pros
Extensive Community Amenities: The Quail Lakes community offers a wealth of amenities including well-manicured grounds, a serene lake, tennis courts, a sparkling pool, and gated entry for enhanced lifestyle and security.
Prime Entertainment Location: Conveniently situated near the Empire Polo Grounds, home to the world-renowned Coachella and Stagecoach Music Festivals, providing unique access to entertainment and local amenities.
Desirable Views & Balcony Access: The primary bedroom features direct balcony access with scenic views of the lake and pool area, enhancing the living experience.
Spacious & Bright Interior: High ceilings in the living room create a bright, open atmosphere, complemented by a spacious primary bedroom with an en-suite bath.
Significant Price Reduction & Value: The current list price of $240,000 reflects a substantial reduction from the original list price of $295,000 and a previous sale of $305,000 in 2022, potentially offering strong value for buyers.
Cons
High Monthly Association Fees: A monthly association fee of $714 is substantial and could significantly impact the overall cost of ownership and affordability for potential buyers.
Property Age: Built in 1980, the property is over 40 years old, which may raise concerns about the age of major systems and potential for future maintenance or renovation expenses, despite being described as 'beautifully maintained'.
Challenging Sales History: Multiple price reductions from the initial list price of $295,000 to the current $240,000 suggest difficulty in attracting buyers at higher price points or an initial overvaluation.