79355 Rose Dawn, La Quinta, California 92253, La Quinta, 92253 - 2 bed, 2 bath

79355 Rose Dawn, La Quinta, California 92253 home-pic-0
ACTIVE$325,000
79355 Rose Dawn, La Quinta, California 92253
2Beds
2Baths
1,231Sqft
3,049Lot
Year Built
2006
Close
-
List price
$325K
Original List price
$38K
Price/Sqft
$264
HOA
$304
Days on market
-
Sold On
-
MLS number
219127008DA
Home ConditionGood
Features
Good View: Mountain(s)
Spa
Patio
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $325.0K(1th), sqft - 1231(3th), beds - 2(7th), baths - 2(35th).

Watercolors La Quinta a 55+ community presents an exceptional Corner Lot home. This beautiful two bedroom two bath home is nestled in the highly sought after area of La Quinta and you will notice the great pride of ownership from the moment you step through the door. Tastefully maintained with very little use, this home is ready to move into. The community offers low maintenance living, community pool & spa and a clubhouse. An attractive feature of this property is its qualification as moderate income, offering a unique financing opportunity with a $40,000 second from The City of La Quinta. This property carries a $40,000 silent second with the La Quinta Housing Authority and you must meet the moderate-income requirements. Total purchase price including silent second is $365,000,000(325,000 + 40,000). Rentals and all cash purchases are not allowed. Income limits are as follows 1 person 57,401 to 81,900 2 people 65,601 to 93,600 3 people 73,801 to 105,300 4 people 82,001 to 117,000.

Nearby schools

6/10
Harry S. Truman Elementary School
Public,K-51.2mi
5/10
La Quinta Middle School
Public,6-81.2mi
6/10
La Quinta High School
Public,9-120.8mi

Price History

Date
Event
Price
08/02/25
$325,000
03/21/25
$37,500
Condition Rating
Good

The property was built in 2006, placing it within the 10-20 year range. The kitchen and bathrooms appear well-maintained, although the appliances and fixtures are not the most modern. The overall condition seems move-in ready with no immediate major renovations required. The description mentions it's tastefully maintained with very little use.
Pros & Cons

Pros

Age Restricted Community: Located in Watercolors La Quinta, a desirable 55+ community, offering amenities and a lifestyle tailored for active adults.
Corner Lot: The property benefits from being situated on a corner lot, potentially offering more privacy and space.
Well-Maintained: The description highlights that the home is tastefully maintained and has seen very little use, suggesting it's in good condition.
Community Amenities: Access to a community pool, spa, and clubhouse enhances the living experience and provides social opportunities.
Unique Financing Opportunity: Qualification for moderate-income financing with a $40,000 second from The City of La Quinta presents a significant financial advantage for eligible buyers.

Cons

Income Restrictions: Strict income limits apply to potential buyers due to the silent second mortgage, significantly limiting the buyer pool.
Financing Restrictions: Rentals and all-cash purchases are not allowed, further restricting potential buyers and investment strategies.
Below Market Value: The original list price was $37,500 and the current list price is $325,000. This may indicate a problem with the property.

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