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53200 Avenida Velasco, La Quinta, California 92253, La Quinta, 92253 - 5 bed, 4 bath

53200 Avenida Velasco, La Quinta, California 92253 home-pic-0
ACTIVE$619,900
53200 Avenida Velasco, La Quinta, California 92253
5Beds
4Baths
1,620Sqft
4,792Lot
Year Built
1973
Close
-
List price
$620K
Original List price
$630K
Price/Sqft
$383
HOA
-
Days on market
-
Sold On
-
MLS number
CV25009800
Home ConditionExcellent
Features
Excellent View: Mountain(s)
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,5 Pros. Rank: price - $619.9K(34th), sqft - 1620(21th), beds - 5(95th), baths - 4(62th).

Welcome to 53200 Avenida Velasco – A Beautiful Renovated Gem in La Quinta Cove. This stunning home feature a spacious 3-bedroom, 2.5-bath main home, alongside a fully equipped 2-bedroom, 1-bath attached ADU that can be rented for $1,800-$2,000 a month. Perfect for multi-generational living, hosting guests, or as a rental unit for additional income. The large lot provides plenty of space for a pool, and you’ll be captivated by the breathtaking mountain views that complement the modern, sophisticated ambiance of the property. The main home has been thoughtfully renovated, with a newly remodeled kitchen and bathrooms that bring a fresh, contemporary vibe. Nestled in the desirable La Quinta Cove just minutes away from scenic hiking trails, Coachella, restaurants, and Old Town La Quinta, vibrant shopping, dining, and the local farmer’s market are all nearby. This property offers an incredible investment opportunity, or the chance to live in the main home while renting out the ADU to offset your mortgage. These two homes are fully furnished and can be delivered furnished, offering a seamless move in experience. Pool renderings are available upon request, allowing you to visualize the full potential of this fantastic space. Don’t miss out on this move-in-ready home – your dream property awaits! Current FHA Loan assumable at 4.670%, call for more information.

Nearby schools

5/10
Benjamin Franklin Elementary School
Public,•K-5•1.1mi
5/10
John Adams Elementary School
Public,•K-5•1.3mi
6/10
Harry S. Truman Elementary School
Public,•K-5•2.0mi
5/10
La Quinta Middle School
Public,•6-8•2.1mi
6/10
La Quinta High School
Public,•9-12•3.9mi
Condition Rating
Excellent
Despite being built in 1973, this property has undergone a thoughtful and extensive renovation, as evidenced by the 'newly remodeled kitchen and bathrooms' mentioned in the description and clearly visible in the images. The main home features a modern kitchen with white shaker cabinets, white quartz countertops, and new black stainless steel appliances, including a contemporary hood vent. The bathrooms are equally impressive with new vanities, modern black fixtures, stylish tiling, and updated lighting. Throughout the home, new wood-look flooring, fresh paint, and modern light fixtures/ceiling fans contribute to a fresh, contemporary aesthetic. The attached ADU also presents a fully equipped and updated kitchen with new white appliances and a modern mini-split AC unit. These renovations are recent and comprehensive enough to meet current quality standards, making the property virtually new in its most critical areas.
Pros & Cons

Pros

Income-Generating ADU: The property includes a fully equipped 2-bedroom, 1-bath attached ADU with potential rental income of $1,800-$2,000/month, ideal for multi-generational living or mortgage offset.
Assumable FHA Loan: An attractive assumable FHA loan at 4.670% is available, offering a significant financial advantage in the current interest rate environment.
Extensive Modern Renovations: The main home features newly remodeled kitchen and bathrooms, providing a fresh, contemporary aesthetic and a move-in ready experience.
Prime La Quinta Cove Location: Nestled in the desirable La Quinta Cove, the property offers convenient access to scenic hiking trails, Coachella, Old Town La Quinta's vibrant dining, shopping, and cultural attractions.
Breathtaking Mountain Views & Pool Potential: The property boasts breathtaking mountain views and a large lot with ample space for a future pool, with renderings available to visualize potential enhancements.

Cons

Age of Property & Unspecified System Updates: Built in 1973, the property's age suggests potential for original or aging major systems (e.g., plumbing, electrical, HVAC, roof) not explicitly covered by the cosmetic renovations mentioned.
Moderate Lot Size for Extensive Features: While a pool is possible, the 4792 sqft lot size is moderate, which may limit the scope for expansive outdoor living areas or additional structures beyond a standard pool.
No Specifics on Cooling System: The description lacks details regarding the cooling system (HVAC), which is a critical component for comfort in La Quinta's hot climate, potentially indicating an older unit or a future upgrade need.

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