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85624 Molvena Drive, Indio, California 92203, Indio, 92203 - 2 bed, 3 bath

85624 Molvena Drive, Indio, California 92203 home-pic-0
ACTIVE$549,000$2,506/sqft
Est. Value: $566,641
3%
BelowEstimate
85624 Molvena Drive, Indio, California 92203
2Beds
3Baths
2,506Sqft
6,970Lot

Price Vs. Estimate

The estimated value ($566,641.24) is $17,641.24 (3%) higher than the list price ($549,000). This property may be underpriced.

Key pros and cons

Top Pros:
Premier 55+ Community & Amenities: Located in Four Seasons at Terra Lago, a guard-gated, active adult community offering extensive amenities including a clubhouse, pools, fitness center, walking trails, and social activities, catering to a desirable lifestyle.
Top Cons:
Immediate Cosmetic Updates Required: Despite the seller credit, the property currently needs interior paint and carpet, which will require the buyer's immediate attention and coordination post-purchase.

Compared to the nearby listings

Price:$549.0K vs avg $565.0K ($-15,950)45%
Size:2,506 sqft vs avg 2,147 sqft74%
Price/sqft:$219 vs avg $2758%

More Insights

Built in 2018 (8 years old).
Condition: Built in 2018, this property is virtually new. The kitchen and bathrooms feature modern white cabinetry, refreshed countertops, stainless steel appliances, and updated fixtures, all in excellent condition. Modern laminate flooring is present throughout the main living areas. While the listing notes a need for interior paint and carpet, a $5,000 credit is offered, making these minor cosmetic updates easily achievable to bring the property to pristine condition. The overall quality and modern finishes align with an excellent rating.
Year Built
2018
Close
-
List price
$549K
Original List price
$549K
Price/Sqft
$219
HOA
$300
Days on market
-
Sold On
-
MLS number
219140481DA
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

Welcome to Four Seasons at Terra Lago, a premier 55+ gated community. This well-designed 3-bedroom, 3-bath residence with a den/bonus room offers a flexible floor plan ideal for guests, a home office, or hobby space.The home features updated cabinetry, modern laminate flooring, refreshed countertops, and updated light fixtures, providing a solid foundation for personalization. A 21/2-car garage offers ample room for vehicles, storage, or a golf cart.While the property needs interior paint and carpet, the seller is offering a $5,000 credit toward these improvements--an excellent opportunity to customize the home to your taste.Located within a vibrant, guard-gated community offering a clubhouse, pools, fitness center, walking trails, and social activities, this home presents outstanding value and potential in one of the Coachella Valley's most sought-after active adult communities.(furnished photos are virtually staged)

R
Richard Mac Millan
Listing Agent

Price History

Date
Event
Price
03/28/18
Sold
$410,000
Condition Rating
Excellent
Built in 2018, this property is virtually new. The kitchen and bathrooms feature modern white cabinetry, refreshed countertops, stainless steel appliances, and updated fixtures, all in excellent condition. Modern laminate flooring is present throughout the main living areas. While the listing notes a need for interior paint and carpet, a $5,000 credit is offered, making these minor cosmetic updates easily achievable to bring the property to pristine condition. The overall quality and modern finishes align with an excellent rating.
Pros & Cons

Pros

Premier 55+ Community & Amenities: Located in Four Seasons at Terra Lago, a guard-gated, active adult community offering extensive amenities including a clubhouse, pools, fitness center, walking trails, and social activities, catering to a desirable lifestyle.
Modern Construction & Recent Updates: Built in 2018, this relatively new home features updated cabinetry, modern laminate flooring, refreshed countertops, and updated light fixtures, providing a contemporary and solid foundation.
Flexible & Spacious Layout: The well-designed 3-bedroom, 3-bath residence includes a versatile den/bonus room, offering excellent flexibility for a home office, guest accommodations, or a hobby space.
Generous Garage Space: A 2.5-car garage provides ample room for vehicles, additional storage, or a golf cart, which is a significant convenience for residents in this community.
Buyer Customization Incentive: The seller is offering a $5,000 credit for interior paint and carpet, presenting an excellent opportunity for the new owner to personalize the home to their specific taste immediately.

Cons

Immediate Cosmetic Updates Required: Despite the seller credit, the property currently needs interior paint and carpet, which will require the buyer's immediate attention and coordination post-purchase.
Age-Restricted Community: As a 55+ community, the property's marketability is limited to a specific demographic, potentially narrowing the buyer pool and influencing future resale dynamics.
Ongoing Association Fees: A monthly association fee of $300 adds a recurring cost to homeownership, which potential buyers must factor into their long-term budget.
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