51495 Avenida Obregon, La Quinta, California 92253, La Quinta, 92253 - 4 bed, 2 bath
ACTIVE$599,000
51495 Avenida Obregon, La Quinta, California 92253
4Beds
2Baths
1,320Sqft
8,276Lot
Year Built
1979
Close
-
List price
$599K
Original List price
$599K
Price/Sqft
$454
HOA
-
Days on market
-
Sold On
-
MLS number
219131705DA
Home ConditionPoor
Features
Excellent View: Desert, Mountain(s)
Pool
Spa
Patio
ViewDesert, Mountain(s)
About this home
Possibly Over-Priced:The estimated price is 59% below the list price. We found 3 Cons,6 Pros. Rank: price - $599.0K(31th), sqft - 1320(7th), beds - 4(68th), baths - 2(35th).
Montezuma Location with Superb Mountain Views! This home is Prime for an Investor that wants to Remodel at this Picturesque Location. Attached are a few Pictures of some of the Million Dollar Homes being re done on Montezuma. This home offers four bedrooms and two bathrooms with a pool and spa. Open floor plan with great natural lighting throughout. Step into the backyard and you will be wowed. Spacious yard perfect for the weekend BBQ and So much more!
Condition Rating
Poor
Built in 1979, this property is explicitly marketed as 'Prime for an Investor that wants to Remodel,' indicating a need for substantial rehabilitation rather than minor updates. While the home appears livable and maintained, the kitchen (not fully pictured but implied to be original/dated) and the bathroom show significantly outdated styles and finishes (e.g., dated tile, vanity). The overall aesthetic and age suggest that major components and systems are likely original or from a renovation 30-50 years ago, requiring significant investment to meet current market standards, as further emphasized by the comparison to 'Million Dollar Homes being re done' in the area.
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 = 8276, living area = 1320.
Prime Location & Views: The property boasts a desirable Montezuma location with superb mountain views, enhancing its appeal.
Investment Opportunity: Explicitly marketed as 'Prime for an Investor that wants to Remodel,' indicating significant potential for value appreciation after renovation, referencing nearby 'Million Dollar Homes'.
Private Pool & Spa: Includes highly desirable amenities such as a private pool and spa, which are significant draws in the La Quinta market.
Spacious Layout & Natural Light: Features an open floor plan with great natural lighting throughout, contributing to a desirable living environment.
Generous Outdoor Space: Offers a spacious yard, perfect for entertaining and outdoor activities like weekend BBQs.
Cons
Significant Renovation Required: The property is explicitly positioned for an investor to remodel, implying substantial updates and capital investment are needed to modernize the home.
Age of Property: Built in 1979, the home is over 40 years old, suggesting potential for outdated systems, finishes, and overall condition that will require renovation.
Discrepancy in Estimated Value: The listing price of $599,000 is significantly higher than the estimated property value of $242,506.715, indicating a potential overvaluation in its current state or a price that heavily anticipates future renovation value.