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54140 Avenida Martinez, La Quinta, California 92253, La Quinta, 92253 - 3 bed, 2 bath

54140 Avenida Martinez, La Quinta, California 92253 home-pic-0
ACTIVE UNDER CONTRACT$569,900$1,681/sqft
Est. Value: $596,915
4%
BelowEstimate
54140 Avenida Martinez, La Quinta, California 92253
3Beds
2Baths
1,681Sqft
7,405Lot

Price Vs. Estimate

The estimated value ($596,915.46) is $27,015.46 (4%) higher than the list price ($569,900). This property may be underpriced.

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 = 1681.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 4791. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1681, other record living area = 1360.

Compared to the nearby listings

Price:$569.9K vs avg $807.0K ($-237,100)24%
Size:1,681 sqft vs avg 2,364 sqft22%
Price/sqft:$339 vs avg $37437%

More Insights

Built in 1993 (33 years old).
Condition: The property, built in 1993, is well-maintained with significant recent functional updates including a new A/C (2021), water heater (2019), 2024 refrigerator, 2018 kitchen appliances, and a 2023 pool resurfacing. However, the kitchen features dated tile countertops and cabinet styles, and the bathrooms also show outdated fixtures, tile, and lighting, with carpeted flooring in the primary bath. While all major systems are functional and updated, the aesthetic of these key areas is outdated, suggesting a need for cosmetic renovations to meet current styles, aligning with the 'Fair' condition criteria.
Year Built
1993
Close
-
List price
$570K
Original List price
$570K
Price/Sqft
$339
HOA
-
Days on market
-
Sold On
-
MLS number
25631305PS
Home ConditionFair
Features
Excellent View: Courtyard, Mountain(s), Pool
Pool
Patio
ViewCourtyard, Mountain(s), Pool

About this home

Welcome to your dream home located high in La Quinta Cove! This charming 3-bedroom, 2-bath residence offers 1,681 square feet of finished interior space, designed for those who value comfort, style, and an active lifestyle. As you enter through the inviting courtyard, you'll find a large side yard perfect for outdoor gatherings or gardening. Step inside to an open concept living and dining area that seamlessly flows onto the spacious patio and pool area. The patio features a large electric awning, providing shade and comfort for relaxing or entertaining year-round. The pool and decking were professionally resurfaced in 2023, ensuring a pristine and refreshing retreat. The kitchen is thoughtfully designed with a breakfast bar, upgraded 2024 refrigerator, with remaining appliances updated in 2018 including the range, microwave, dishwasher, and garbage disposal. The kitchen opens to the living room, where a cozy fireplace adds warmth and ambiance. Adjacent to the kitchen is a convenient utility room and an attached 2-car garage, complete with a washer and dryer replaced in 2023. The primary bedroom is a true sanctuary, featuring a walk-in closet, a bathroom with a separate tub and shower, double vanities, and direct access to the patio and pool area. Enjoy stunning mountain views from your bedroom every day. Recent upgrades include a new A/C unit installed in 2021, a water heater replaced in 2019, and solar tube heating for the pool installed in 2011. Living in La Quinta Cove means embracing an active lifestyle. Explore nearby hiking trails that wind through scenic landscapes or take a short drive to the vibrant Old Town La Quinta for dining, shopping, and entertt.

L
Larry Falconio
Listing Agent

Nearby schools

5/10
Benjamin Franklin Elementary School
Public,•K-5•1.7mi
5/10
John Adams Elementary School
Public,•K-5•1.9mi
6/10
Harry S. Truman Elementary School
Public,•K-5•2.6mi
5/10
La Quinta Middle School
Public,•6-8•2.6mi
6/10
La Quinta High School
Public,•9-12•4.5mi

Price History

Date
Event
Price
07/30/19
Sold
$318,000
10/01/14
Sold
$230,000
Condition Rating
Fair
The property, built in 1993, is well-maintained with significant recent functional updates including a new A/C (2021), water heater (2019), 2024 refrigerator, 2018 kitchen appliances, and a 2023 pool resurfacing. However, the kitchen features dated tile countertops and cabinet styles, and the bathrooms also show outdated fixtures, tile, and lighting, with carpeted flooring in the primary bath. While all major systems are functional and updated, the aesthetic of these key areas is outdated, suggesting a need for cosmetic renovations to meet current styles, aligning with the 'Fair' condition criteria.
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 = 1681.
Desirable Location & Lifestyle: Located high in La Quinta Cove, offering an active lifestyle with nearby hiking trails and a short drive to vibrant Old Town La Quinta for dining and shopping.
Excellent Outdoor Living & Entertainment: Features an inviting courtyard, large side yard, spacious patio with an electric awning, and a professionally resurfaced pool and decking (2023).
Key System & Appliance Updates: Recent upgrades include a new A/C unit (2021), water heater (2019), upgraded 2024 refrigerator, and 2023 washer/dryer, ensuring modern functionality.
Open Concept & Indoor/Outdoor Flow: The open concept living and dining area seamlessly connects to the patio and pool, ideal for entertaining and enjoying the desert climate.
Mountain Views & Primary Suite Amenities: Enjoy stunning mountain views from the primary bedroom, which also boasts a walk-in closet, separate tub and shower, double vanities, and direct pool access.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 4791. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1681, other record living area = 1360.
Age of Property: Built in 1993, the property is over 30 years old, which might deter buyers seeking newer construction or imply potential for future maintenance on non-updated components.
Limited Comprehensive Interior Renovation: While appliances and some systems are updated, the description doesn't detail full, modern renovations of all bathrooms or the entire kitchen design, which some buyers might expect.
No Mention of Energy Efficiency Upgrades: In a desert climate, the absence of details regarding solar panels for electricity, upgraded windows, or enhanced insulation could be a concern for potential utility costs, beyond the pool's solar tube heating.
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