84066 Olona Court
84066 Olona Court
$846,900
4
2
1
2,338
2,338
$362
Active Under Contract
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.
- Listed by David Colin • DRE #01710306 • HomeSmart
Property Details for 84066 Olona Court
Subdivision Name
Terra Lago
Carport Spaces.00
Garage Spaces2.00
ViewMountain(s)
FurnishedFurnished
Cross StreetTerra Lago PKWY
Location
LISTING UPDATED: 04/29/2024 06:37 PM
Property Details for 84066 Olona Court
Status | Active Under Contract |
---|---|
MLS # | 219107775 |
Days on Market | 60 |
Taxes | - |
HOA Fees | $300 |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 2007 |
Lot Size | 0.12 AC / 5,227 SF |
County | Riverside County |
Location
Building Information for 84066 Olona Court
Stories2Year Built2007Building Size-Lot Size0.12 AC / 5,227 SF
Payment Calculator
$5,969 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 84066 Olona Court
Property History for 84066 Olona Court
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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