81604 San Nigel Avenue, Indio, California 92201, Indio, 92201 - 3 bed, 2 bath
ACTIVE$425,000$1,274/sqft
Est. Value: $312,601
-26%
AboveEstimate
81604 San Nigel Avenue, Indio, California 92201
3Beds
2Baths
1,274Sqft
7,841Lot
Price Vs. Estimate
The estimated value ($312,601.475) is $112,398.525 (26%) lower than the list price ($425,000). 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 = 7841, living area = 1274.
Top Cons:
Requires Extensive Renovation: The description indicates the property is not move-in ready, requiring significant investment in updates and customization to realize its full potential and equity.
Compared to the nearby listings
Price:$425.0K vs avg $550.0K ($-125,000)19%
Size:1,274 sqft vs avg 1,917 sqft9%
Price/sqft:$334 vs avg $30271%
More Insights
Built in 1984 (42 years old).
Condition: Built in 1984, this property is explicitly marketed as needing 'extensive renovation' and is 'not move-in ready.' The description highlights 'outdated systems, finishes, and potentially deferred maintenance,' indicating that substantial repairs and rehabilitation are required to bring it to a livable and desirable standard. Without interior images, the text strongly suggests a condition that goes beyond minor updates.
Year Built
1984
Close
-
List price
$425K
Original List price
$425K
Price/Sqft
$334
HOA
-
Days on market
-
Sold On
-
MLS number
219140278DA
Home ConditionPoor
Features
View-
About this home
Indio home with strong upside and value-add potential. This well located property offers a functional floor plan and solid layout, presenting an excellent opportunity to create equity through renovation. Conveniently situated near shopping, dining, parks, schools, medical facilities, and quick freeway access. Ideal for investors or owner occupants looking to customize and capitalize on rising Indio values and continued demand in the Coachella Valley market.
K
Kurtis Squyres
Listing Agent
Price History
Date
Event
Price
01/13/98
Sold
$70,000
08/05/94
Sold
$91,000
11/30/22
Sold
$400,000
Condition Rating
Poor
Built in 1984, this property is explicitly marketed as needing 'extensive renovation' and is 'not move-in ready.' The description highlights 'outdated systems, finishes, and potentially deferred maintenance,' indicating that substantial repairs and rehabilitation are required to bring it to a livable and desirable standard. Without interior images, the text strongly suggests a condition that goes beyond 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 = 7841, living area = 1274.
Significant Value-Add Potential: The property explicitly offers 'strong upside and value-add potential' and an 'excellent opportunity to create equity through renovation,' appealing to buyers seeking to customize and increase value.
Strategic Location & Accessibility: Conveniently situated near essential amenities including shopping, dining, parks, schools, medical facilities, and quick freeway access, enhancing daily living convenience.
Strong Market Appreciation: Located in a market with 'rising Indio values and continued demand in the Coachella Valley,' supported by historical sales data showing significant price growth.
Functional & Solid Layout: Described as having a 'functional floor plan and solid layout,' providing a good structural base for future renovations and customization.
Broad Buyer Appeal: The property is ideal for both 'investors or owner occupants looking to customize,' attracting a wider range of potential buyers.
Cons
Requires Extensive Renovation: The description indicates the property is not move-in ready, requiring significant investment in updates and customization to realize its full potential and equity.
Older Construction (1984): Built in 1984, the home is likely to have outdated systems, finishes, and potentially deferred maintenance, contributing to higher renovation costs.
Modest Interior Square Footage: At 1274 sqft for a 3-bedroom, 2-bathroom home, the interior living space may be considered modest by some buyers, potentially limiting appeal for those seeking larger residences.