$525,000
●
House -
Off Market
43099 Traccia Way
Indio, CA 92203
3 Beds
2 Baths
2,012 Ft²
$550,346
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
Welcome to Terra Lago which sits on 356 acres adjacent to Terra
Lago Golf Club and Shadow Mountains. Enjoy resort living. Lovely
2007 year built home with 3 bedroom, 2 bath and over 2000 interior
square feet. Semi-open floor plan with gourmet chef's kitchen,
great island counter space, eating bar, stainless steel appliances
with an abundance of cabinet space. Home features tile flooring
throughout, recessed lighting, tall ceilings, with formal dining
area. Resort community offers guarded gate, lakefront and mountain
views, community sun-drenched pool and spa, BBQs and daily
recreational activities and more. Great for young working families
and those taking the leap towards retirement. Excellent for short
term rental year-round. Located a short distance to service
Coachella Festival, Stage Coach, BNP Paribas Tennis Open, Polo
Grounds & Tournaments, amazing golf, restaurants, shopping on El
Paseo and 25 minutes to Palm Springs.
Unit Size
2,012 Ft²
Days on Market
44 days
Land Size
0.17 acres
Price per sqft
$243
Property Type
House
Property Taxes
-
HOA Dues
$259
Year Built
2007
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (CRMLS #219066957PS)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 14, 2024 | No longer available | - | |
| No longer available | |||
| Mar 11, 2024 | Listed by Bennion Deville Homes | $579,000 | |
| Listed by Bennion Deville Homes | |||
| | |||
|
Welcome to the private gated community of Terra Lago! What a great opportunity to own an updated 3 bedroom 2 bath home in a gated golf and lake community close to the Empire Polo Fields, Acrisure Arena, Indian Wells Tennis Center and so much more. Whether this corner lot, lake adjacent home is your primary residence or used as an investment, short or long term rental home, you'll truly enjoy this perfect mountain view, close walking distance to clubhouse & community pool location. The home has an extra large side yard and an open floor plan, stainless kitchen appliances (NEW REFRIGERATOR), central island / eating bar, large primary suite with walk-in closet, an attached two-car garage, and laundry room with storage cabinets and a sink. Terra Lago is a highly sought after HOA allowed vacation rental community with no restrictions on short term rentals!!! Terra Lago's low HOA dues and great amenities include: security guard at the gate, adjacent 36-hole golf course, clubhouse, billiards, fitness center, community pool, kids pool, kids playground and 20 acre lake!!! Internet and cable TV included in the HOA dues. property is being sold turnkey furnished. (Outside of Escrow) The manager has listed the unit size as 2012 square feet.
| |||
| Feb 8, 2024 | No longer available | - | |
| No longer available | |||
| Nov 18, 2023 | No longer available | - | |
| No longer available | |||
| Nov 17, 2023 | Relisted | $599,000 | |
| Relisted | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Indio
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Listed by: Lisa Molinar, Compass
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219066957PS
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219066957PS
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