$640,000
$649,800
1.5%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
2,940 SqFt
SOLD DATE : 06/03/2024
Key Details
Sold Price $640,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,940 sqft
Price per Sqft $217
Subdivision La Paloma Estates
MLS Listing ID 219107700
Sold Date 06/03/24
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 2005
Lot Size 6,098 Sqft
Property Description
Welcome to your dream home in Paloma Estates, located in the desirable area of Coachella/Indio border! This magnificent home boasts 5 bedrooms, 3 baths, and a possible 6th bedroom, all spread out over a massive 3,000 square feet. This home also has a three car garage which can be converted into massive game room. There's also the possibility of R.V parking! You will love the open feel of this home, with a formal living room and family room perfect for hosting guests. This home also comes with leased solar.
The backyard of this oasis has a newer aluma-wood covered patio with a newer putting green and artificial turf area that requires minimal maintenance. You will enjoy the pool and raised spa that come with overflowing water features, and there is plenty of room to add your custom BBQ and bocce ball court.
This home is perfect for the savvy investor as it is situated in a non-gated community that allows unlimited short-term rentals, making it a highly sought-after option for the many visitors who plan to attend Coachella and Stage Coach festivals yearly. This can also be a perfect 1031 tax exchange purchase. Opportunities for a property with 6 bedrooms are minimal, which makes this gem a rare find and ready to generate significant income.
Located walking distance from dining and shopping centers, this home is also minutes away from the freeway, giving you fast access to any area in Coachella Valley. Don't miss this opportunity to secure your spot in one of the fastest-growing areas with an affordable home that has so much potential
Location
State CA
County Riverside
Area 315 - Coachella
Interior
Heating Central
Cooling Air Conditioning
Fireplaces Number 1
Fireplaces Type Gas
Furnishings Unfurnished
Fireplace true
Exterior
Garage true
Garage Spaces 3.0
Pool Heated, Private, Pebble, In Ground
View Y/N false
Private Pool Yes
Building
Story 2
Entry Level Two
Sewer Connected on Bond
Level or Stories Two
Others
Senior Community No
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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