48255 Monroe Street 2, Indio, California 92201, Indio, 92201 - 1 bed, 2 bath
ACTIVE$249,000$867/sqft
48255 Monroe Street 2, Indio, California 92201
1Bed
2Baths
867Sqft
747Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Scenic Views: The condo offers breathtaking pond, mountain, and community pool views, enhancing its appeal and providing a serene living environment.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =747, other record lot size in square feet = 550.
Compared to the nearby listings
Price:$249.0K vs avg $299.5K ($-50,500)33%
Size:867 sqft vs avg 1,095 sqft28%
Price/sqft:$287 vs avg $27061%
More Insights
Built in 1980 (46 years old).
Condition: The property, built in 1980, is well-maintained and move-in ready, but the kitchen and bathrooms are significantly dated. The kitchen features original-style wood cabinets, speckled laminate countertops, and older white/black appliances (refrigerator, range, microwave, dishwasher). Bathrooms have dated cultured marble-style countertops, older vanities, and basic tile surrounds. While the living area has updated laminate flooring, the overall aesthetic, including popcorn ceilings and older light fixtures, indicates that major components are functional but show signs of being outdated and would benefit from minor updates to meet current styles.
Year Built
1980
Close
-
List price
$249K
Original List price
$249K
Price/Sqft
$287
HOA
$715
Days on market
-
Sold On
-
MLS number
219140917DA
Home ConditionFair
Features
Good View: Mountain(s), Pond, Pool
Pool
Spa
Patio
ViewMountain(s), Pond, Pool
About this home
Resort-style living meets unbeatable convenience in this rare Quail Lakes FHA-approved condo with breathtaking pond and mountain views. This 1-bedroom, 2-bath home offers a bright, open layout overlooking the serene pond, community pool, and surrounding mountains. Convenient parking is located directly in front of the condo--no stairs or long walks when bringing in groceries.Enjoy an exceptional lifestyle with access to multiple pools, tennis courts, and a private, gated entrance with security. The HOA covers all utilities except IID electricity, making this home easy to maintain. Perfectly located within walking distance to the Indio Polo Fields, home of the Coachella Music and Arts Festival and Stagecoach Festival, and just minutes from La Quinta, Coachella, and a wide range of shopping, dining, and amenities
M
Marianne Padilla
Listing Agent
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
Condition Rating
Fair
The property, built in 1980, is well-maintained and move-in ready, but the kitchen and bathrooms are significantly dated. The kitchen features original-style wood cabinets, speckled laminate countertops, and older white/black appliances (refrigerator, range, microwave, dishwasher). Bathrooms have dated cultured marble-style countertops, older vanities, and basic tile surrounds. While the living area has updated laminate flooring, the overall aesthetic, including popcorn ceilings and older light fixtures, indicates that major components are functional but show signs of being outdated and would benefit from minor updates to meet current styles.
Pros & Cons
Pros
Scenic Views: The condo offers breathtaking pond, mountain, and community pool views, enhancing its appeal and providing a serene living environment.
Resort-Style Amenities: Residents enjoy an exceptional lifestyle with access to multiple pools, tennis courts, and a private, gated entrance with security, promoting a resort-like experience.
Prime Festival Location: Its location within walking distance to the Indio Polo Fields (Coachella/Stagecoach Festivals) and minutes from La Quinta offers significant lifestyle and potential rental income advantages.
FHA Approved & Inclusive HOA: Being FHA-approved broadens the buyer pool, and the HOA covering most utilities (except electricity) simplifies budgeting and maintenance for homeowners.
Convenient Accessibility: Direct parking in front of the condo with no stairs or long walks provides practical daily convenience for residents.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =747, other record lot size in square feet = 550.
High Monthly HOA Dues: The $715 monthly association fee is substantial and could be a significant financial consideration for potential buyers, impacting affordability.
Limited Living Space: With 867 square feet and a 1-bedroom layout, the property offers compact living, which may not meet the needs of all buyers, particularly those seeking more expansive space or additional rooms.
Property Age: Built in 1980, the property is over 40 years old, which may imply older systems or finishes that could require future updates or maintenance not explicitly mentioned as completed.