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52162 Avenida Velasco, La Quinta, California 92253, La Quinta, 92253 - 3 bed, 2 bath

52162 Avenida Velasco, La Quinta, California 92253 home-pic-0
ACTIVE$399,000
52162 Avenida Velasco, La Quinta, California 92253
3Beds
2Baths
1,115Sqft
7,405Lot

Price Vs. Estimate

The estimated value ($157,549.625) is $241,450.375 (60%) lower than the list price ($399,000). This property may be overpriced.

Key pros and cons

Top 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 = 7405, living area = 1115.
Top Cons:
Requires Significant Renovation: The 1,115 square feet property needs 'quite a bit of work,' indicating substantial cosmetic or structural renovations may be required.

Compared to the nearby listings

Price:$399.0K vs avg $771.1K ($-372,102.5)4%
Size:1,115 sqft vs avg 2,321.5 sqft2%
Price/sqft:$358 vs avg $36646%

More Insights

Built in 1956 (69 years old).
Condition: The property, built in 1956, explicitly states it 'needs quite a bit of work,' which is evident in the images. The main kitchen features outdated white cabinets, basic countertops, and older appliances, while the guest house kitchenette has a very basic setup with a dated drop ceiling. Bathrooms show older white tile and basic vanities. Flooring consists of older white tile and wood laminate. The overall condition suggests significant deferred maintenance and a need for substantial repairs and rehabilitation to meet modern standards, aligning with the 'poor' category rather than just 'fair' minor updates.
Year Built
1956
Close
-
List price
$399K
Original List price
$475K
Price/Sqft
$358
HOA
-
Days on market
-
Sold On
-
MLS number
IG25075486
Home ConditionPoor
Features
Good View: Mountain(s), Neighborhood, Rocks
Pool
Patio
ViewMountain(s), Neighborhood, Rocks

About this home

Mid/mod La Quinta Cove home set on private double lot (well, lot and a half really) with great views, a pool and a detached guest house. Built in '56 yet still retains the minimalist charm you'd expect. The white-stuccoed masonry wall along the frontage makes for an incredibly private parcel. Great for the kids, dogs, capybaras - you name it. Open concept between the kitchen and living area. Two bedrooms, primary with french doors out to the patio. 50s' closets are little small but that's a good thing, you don't need all that stuff. Guest house out back with a kitchenette. Ideal little art studio, work shop, 3rd bedroom, gym or landing spot for that one nephew who has recently decided to pursue his acting career (real estate didn't work out so well). True, the 1,115 square feet you find here needs quite a bit of work but we all do at one time or another, be it cosmetic or more existential in nature. Come take a look. Let's see what you can make of it.

Nearby schools

5/10
Benjamin Franklin Elementary School
Public,•K-5•0.6mi
5/10
John Adams Elementary School
Public,•K-5•0.8mi
6/10
Harry S. Truman Elementary School
Public,•K-5•1.6mi
5/10
La Quinta Middle School
Public,•6-8•1.6mi
6/10
La Quinta High School
Public,•9-12•3.4mi
Condition Rating
Poor
The property, built in 1956, explicitly states it 'needs quite a bit of work,' which is evident in the images. The main kitchen features outdated white cabinets, basic countertops, and older appliances, while the guest house kitchenette has a very basic setup with a dated drop ceiling. Bathrooms show older white tile and basic vanities. Flooring consists of older white tile and wood laminate. The overall condition suggests significant deferred maintenance and a need for substantial repairs and rehabilitation to meet modern standards, aligning with the 'poor' category rather than just 'fair' minor updates.
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 = 7405, living area = 1115.
Mid-Century Modern Charm: Built in 1956, the home retains its minimalist mid-century modern charm, appealing to buyers seeking unique architectural character.
Private & Spacious Lot with Pool: Set on a private double lot (or lot and a half) with a pool, offering ample outdoor space and recreational opportunities.
Detached Guest House: Includes a detached guest house with a kitchenette, providing versatile space for an art studio, workshop, 3rd bedroom, gym, or additional living quarters.
Desirable Views: The property boasts great views, including mountains, neighborhood, and rocks, enhancing its aesthetic appeal.
Enhanced Privacy: A white-stuccoed masonry wall along the frontage ensures an incredibly private parcel, ideal for various uses.

Cons

Requires Significant Renovation: The 1,115 square feet property needs 'quite a bit of work,' indicating substantial cosmetic or structural renovations may be required.
Small Closets: The 1950s-era closets are noted as 'little small,' which may be a practical inconvenience for modern storage needs.
Older Property Systems: As a 1956 build, the property likely has older systems and components that may require updating or significant maintenance, contributing to the need for extensive work.

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