84615 Pavone Way, Indio, California 92203, Indio, 92203 - 3 bed, 2 bath

84615 Pavone Way, Indio, California 92203 home-pic-0
ACTIVE$699,000
84615 Pavone Way, Indio, California 92203
3Beds
2Baths
2,012Sqft
6,534Lot

Price Vs. Estimate

The estimated value ($619,469.885) is $79,530.115 (11%) lower than the list price ($699,000). This property may be overpriced.

Key pros and cons

Top Pros:
Gated Community & Lake Proximity: Located in the upscale, private gated community of Terra Lago, offering security and exclusivity, and conveniently within walking distance of the lake.
Top Cons:
Listing Price Discrepancy: The current listing price is 6% above the property's estimated market value, which may lead to appraisal challenges or require price negotiation.

Compared to the nearby listings

Price:$699.0K vs avg $570.5K (+$128,500)77%
Size:2,012 sqft vs avg 2,147 sqft37%
Price/sqft:$347 vs avg $27487%

More Insights

Built in 2008 (17 years old).
Condition: Built in 2008, this property is 16 years old and falls within the 'Good' age range. The home is move-in ready with no immediate renovations required. The description highlights 'numerous upgrades' and a 'recently built custom pool with a spa,' indicating significant recent investment. The kitchen features granite countertops, a stacked stone backsplash, and stainless steel appliances, all in good condition, though the cabinet style is a bit traditional. Bathrooms are clean and functional with dual vanities and a glass walk-in shower in the master. Flooring is a mix of tile and wood-look tile, and light fixtures are a blend of modern and more traditional styles. Overall, the property is well-maintained with minimal wear and tear, and major systems appear functional, aligning well with the 'Good' condition criteria.
Year Built
2008
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$347
HOA
$300
Days on market
-
Sold On
-
MLS number
25599869
Home ConditionGood
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Located in the upscale, private gated community of TERRA LAGO. This beautiful home, featuring three bedrooms and two bathrooms, is conveniently located within walking distance of the lake. The owners have recently built a custom pool with a spa to enhance their lifestyle and, more importantly, maximize their short-term rental income. This stunning Model-Like Terra Lago Home shows like a model with numerous upgrades. The formal entry with a tile medallion opens to the great room, which features lots of natural light, a formal dining room, a tiled gas fireplace & built-ins. Gourmet kitchen features granite countertops, a beautiful, stacked stone backsplash, sparkling stainless steel upgraded appliances, & large kitchen island. Charming breakfast nook offers fabulous backyard views & easy access through the slider. Spacious & open master bedroom with wood-like tile flooring, ample closet space & luxurious en-suite bathroom with an extra-large soaking tub, glass walk-in shower & dual vanities. Guest bedrooms are spacious & open; the guest bath provides convenience. The property comes with a three-car tandem garage. The backyard is ideal for entertaining guests. Don't miss out on this incredible opportunity!

Nearby schools

/10
Dwight Eisenhower Elementary School
Public,K-51.5mi
4/10
Desert Ridge Academy
Public,6-85.4mi
5/10
Shadow Hills High School
Public,9-125.1mi
Condition Rating
Good

Built in 2008, this property is 16 years old and falls within the 'Good' age range. The home is move-in ready with no immediate renovations required. The description highlights 'numerous upgrades' and a 'recently built custom pool with a spa,' indicating significant recent investment. The kitchen features granite countertops, a stacked stone backsplash, and stainless steel appliances, all in good condition, though the cabinet style is a bit traditional. Bathrooms are clean and functional with dual vanities and a glass walk-in shower in the master. Flooring is a mix of tile and wood-look tile, and light fixtures are a blend of modern and more traditional styles. Overall, the property is well-maintained with minimal wear and tear, and major systems appear functional, aligning well with the 'Good' condition criteria.
Pros & Cons

Pros

Gated Community & Lake Proximity: Located in the upscale, private gated community of Terra Lago, offering security and exclusivity, and conveniently within walking distance of the lake.
New Custom Pool & Spa: Recently built custom pool with a spa significantly enhances lifestyle and recreational options, while also boosting short-term rental appeal.
Model-Like Interior with Upgrades: The home shows like a model with numerous upgrades, including a gourmet kitchen with granite countertops, stainless steel appliances, and a luxurious master bathroom with an extra-large soaking tub and glass walk-in shower.
Strong Short-Term Rental Potential: The property's amenities, particularly the new pool and spa, are explicitly designed to maximize short-term rental income, making it an attractive investment.
Three-Car Tandem Garage: A spacious three-car tandem garage provides ample parking, storage, or potential for a workshop area.

Cons

Listing Price Discrepancy: The current listing price is 6% above the property's estimated market value, which may lead to appraisal challenges or require price negotiation.
Ongoing HOA Fees: A monthly association fee of $300 adds a recurring cost to homeownership, which buyers must factor into their budget.
Potential for High Utility Costs: Given Indio's hot climate and the presence of a pool and spa, utility costs for cooling and pool maintenance could be substantial.

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