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48681 Renewal Street, Indio, California 92201, Indio, 92201 - 5 bed, 3 bath

48681 Renewal Street, Indio, California 92201 home-pic-0
ACTIVE$1,799,000
48681 Renewal Street, Indio, California 92201
5Beds
3Baths
2,888Sqft
13,068Lot
Year Built
2005
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$623
HOA
$210
Days on market
-
Sold On
-
MLS number
219126754DA
Home ConditionGood
Features
Good View: Hills, Mountain(s), Panoramic, Pool
Pool
Spa
Patio
ViewHills, Mountain(s), Panoramic, Pool

About this home

Possibly Over-Priced:The estimated price is 16% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.80M(98th), sqft - 2888(93th), beds - 5(85th), baths - 3(50th).

Step into this beautiful vacation home situated in Montage at Santa Rosa just blocks from the Indio Polo Grounds which hosts numerous concerts and events throughout the year - namely, Coachella, Stagecoach and even Polo Matches. This operates as a permitted short-term rental in the City of Indio; HOA approved. Offered fully furnished - all rooms have been thoughtfully furnished and decorated with our guests enjoyment in mind. Impressive outdoor amenities to include a private PebbleTech pool and spa, outdoor fireplace and kitchen with pizza oven, outdoor seating for over 25 people, large firepit parially covered with pergola, bocce ball, and mini golf. This home has everything your guests desire to stay and play.

Nearby schools

3/10
Mountain Vista Elementary School
Public,•K-6•0.6mi
3/10
Cahuilla Desert Academy Junior High
Public,•7-8•2.3mi
3/10
Coachella Valley High School
Public,•9-12•4.6mi
Condition Rating
Good
The property was built in 2005, placing it within the 10-20 year age range for a 'Good' score. The interior, including the kitchen and bathrooms, appears well-maintained and updated with modern finishes. The kitchen features contemporary wood cabinetry, granite countertops, and stainless steel double ovens. Bathrooms are updated with modern vanities, tiling, and fixtures. The flooring is a consistent, modern wood-look material throughout. The property is move-in ready with no immediate renovations required, and all systems appear functional and well-cared for, consistent with its use as a vacation rental.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13068, living area = 2888.
Prime Event Location: Situated just blocks from the Indio Polo Grounds, making it an ideal location for guests attending major events like Coachella, Stagecoach, and Polo Matches, ensuring high demand for short-term rentals.
Approved Short-Term Rental: The property is a permitted short-term rental in the City of Indio and HOA approved, providing a significant advantage for investors seeking immediate income generation without regulatory complications.
Extensive Outdoor Amenities: Features impressive outdoor amenities including a private PebbleTech pool and spa, outdoor fireplace, kitchen with pizza oven, seating for over 25, a large firepit with pergola, bocce ball, and mini golf, offering a comprehensive resort-like experience.
Turnkey & Fully Furnished: Offered fully furnished with thoughtfully decorated rooms, allowing for immediate and hassle-free operation as a vacation rental without additional setup costs or time.
Desirable Views: Boasts attractive Hills, Mountain(s), Panoramic, and Pool views, enhancing the property's aesthetic appeal and guest experience, which can contribute to higher rental rates.

Cons

Overpriced Listing: The current listing price of $1.799M is 16% higher than the estimated property value of approximately $1.494M, suggesting it may be priced above market expectations.
Fewer Bathrooms Compared to Comps: With 5 bedrooms and 3 bathrooms, the property offers fewer bathrooms than several comparable properties in the same subdivision (many with 5 or 6 beds and 4 or 5 baths), which could be a drawback for larger groups.
Smaller Square Footage Compared to Comps: At 2888 sqft, the property is smaller than most comparable properties in the Montage at Santa Rosa subdivision (which range from 3225 sqft to 3610 sqft), potentially limiting its appeal or capacity for larger rental groups.

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