84066 Olona Court

Indio, CA 92203

$846,900
Price
4
Beds
2
Baths
1
1/2 Bath
2,338 Sq. Ft.
$362 / Sq. Ft.
2,338
Sq. Ft.
$362
per Sq. Ft.

Description

Welcome to the coveted community of Terra Lago located in the City of Festivals, Indio CA! This is your chance to own a stunning designer furnished 4-bedroom, 2 and half bath home in the only guard-gated lake community in the Coachella Valley that allows short-term rentals with no restrictions. Step inside and be wowed by this home's newer interior and exterior paint, appealing newer flooring, custom shower, and upgraded newer pool with spa and firepit. The floorplan optimizes space, providing a...Welcome to the coveted community of Terra Lago located in the City of Festivals, Indio CA! This is your chance to own a stunning designer furnished 4-bedroom, 2 and half bath home in the only guard-gated lake community in the Coachella Valley that allows short-term rentals with no restrictions. Step inside and be wowed by this home's newer interior and exterior paint, appealing newer flooring, custom shower, and upgraded newer pool with spa and firepit. The floorplan optimizes space, providing a feeling of spaciousness that belies the square footage. This home comes with all the bells and whistles that you would expect in a premium and successful short term rental. This home grossed $10,000 for the month of March and is on pace to gross over $10,000 of income for April! With a putting green and minimal maintenance backyard , this home will take your breath away. As a bonus, this property is priced to sell in todays market, making it a steal in comparison to other similar properties in the area. This home is positioned for savvy investors who want to invest in the growing Coachella Valley and benefit from the area's continued development. In fact, this home offers unlimited potential passive income through short-term rentals and is an excellent 1031 tax exchange property. It represents the perfect opportunity for investors who want a home that they can generate income from, but also enjoy as a vacation retreat.
  1. Listed by David Colin • DRE #01710306 • HomeSmart

Property Details for 84066 Olona Court

Subdivision Name
Terra Lago
Carport Spaces
.00
Garage Spaces
2.00
View
Mountain(s)
Furnished
Furnished
Cross Street
Terra Lago PKWY

Location

Listing Courtesy of HomeSmart, David Colin, DRE #01710306
Add your commute
LISTING UPDATED: 04/29/2024 06:37 PM

Property Details for 84066 Olona Court

StatusActive Under Contract
MLS #219107775
Days on Market60
Taxes-
HOA Fees$300
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2007
Lot Size0.12 AC / 5,227 SF
CountyRiverside County

Location

Listing Courtesy of HomeSmart, David Colin, DRE #01710306
Add your commute

Building Information for 84066 Olona Court

Stories2Year Built2007Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$5,969 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,622

Property Taxes

$1,047

HOA Dues

$300

The Payment Calculator is for illustrative purposes only.

Property Information for 84066 Olona Court

Summary
Location and General Information
  • Building Area Source: Assessor
  • Community Features: Community Boat Ramp
  • City: Indio
  • Country: US
  • Direction Faces: North
  • Directions: Google Maps Cross Street: Terra Lago PKWY.
  • Inclusions: All furnishings, accessories and electronics
  • Levels: Two
  • Area: 309 - Indio North of I-10
  • Postal Code Plus4: 2967
  • Senior Community: No
  • Unparsed Address: 84066 Olona Court, Indio, CA 92203
  • Walk Score: 0
Parking
  • Parking Features: Direct Entrance, Garage Door Opener, Total Uncovered/Assigned Spaces
Taxes and HOA Information
  • Association Amenities: Basketball Court, Billiard Room, Fitness Center, Lake or Pond
  • Association Fee: $300.00
  • Tax Legal Description: .12 ACRES M/L IN LOT 169 MB 387/029 TR 31601-2
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Size Acres: .00
  • Lot Size Square Feet: .00
  • Lot Size Area: 5,227.00
  • Lot Size Source: Assessor
  • Property Type: Residential, Single Family Residence
  • Property Sub Type: Single Family Residence
Property and Assessments
  • Documents Count: 0
  • Year Built Source: Assessor
Utilities
  • Cooling: Air Conditioning
  • Cooling: Yes
  • Sewer: Connected on Bond
  • Utilities: Cable Available
Interior and Exterior Features
Exterior Features
  • Fencing: Block
  • Pool Features: Private, Pebble, In Ground
  • Pool Private: Yes
  • Pool: Yes
  • Security Features: 24 Hour Security, Community, Gated Community
  • Spa Features: Private, In Ground
  • Spa: Yes
  • Stories Total: 2
Interior Features
  • Appliances: Gas Range, Microwave, Refrigerator, Dishwasher
  • Bathrooms Full: 2
  • Bathrooms One Quarter: 1
  • Bathrooms Three Quarter: 0
  • Total Bathrooms: 2
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Carpet, Vinyl
  • Heating: Central, Natural Gas
  • Heating: Yes
  • Living Area: 2,338.00
  • View: Yes
Multi Family
Multi-Family Information
  • Special Listing Conditions: Standard

Property History for 84066 Olona Court

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 84066 Olona Court

Taxable ValueLand$195,000Additions$601,200Total$796,200
Tax Record2023$12,565 ($1,047 / month)
Home Facts
Beds4Baths2.5Total Finished SqFt2,338 SqFtAbove Grade Finished SqFt2,338 SqFtStories2Lot Size5,227 SqFtStyleSingle Family ResidenceYear Built2007Year Renovated2008CountyRIVERSIDEAPN696-020-062Fireplace TypeHas Fireplace

Schools near 84066 Olona Court

This home is within Desert Sands Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Andrew Jackson Elementary School
PublicK to 5

Desert Ridge Academy
Public6 to 8

Shadow Hills High School
Public9 to 12

Amistad High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of HomeSmart, David Colin, DRE #01710306

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.