0 Avenue 50, Indio, CA 92201
$2,050,000
Property Type:
Land
Lot Size (sq. ft.):
1,938,420
Status:
Closed
Current Price:
$2,050,000
List Date:
2/20/2019
Last Modified:
11/15/2024
Description
This prime property is one of the last remaining & largest vacant available parcels within the city limits of S. Indio (affluent area of Indio) not far from the festival grounds, across the street from La Quinta and the previous sold out Toll Brothers project (Mountain View).[This area of South-West Indio adjacent to La Quinta, is known as the high end area of Indio with La Quinta home and land pricing].The price has been reduced from $6M, and is now officially priced at only $2.95M (only $66k/acre) for a quick close. This reduced price is a very low price/acre for the area-most properties in this area have sold to developers for approx. $200k-$400k+/acre. Home prices on similar lot sizes are now selling in the immediate area from $800k to $1.5M (Included Apn's: 602-070-001,-002,-004)
More Information MLS# 219005677
Listing, Location and Property Info
Entry Date: 2019-02-19
Land Type: Fee
List Price/Acre: 66292.13
Builders Tract Code: NA314
General Property Information
Pool: No
Lot Acres: 44.5
Lot Size: 1938420
Cross Streets: Avenue 50 & Verano Dr, 1/2 mile E. of Jefferson St
Tax Info
Tax Mello Roos: No
Property Info
View: No
Senior Community: No
Gated Community: No
Status Change Info
Sold Price/Acre: 46067.42
Status Change Date: 2019-12-30
Pending Date: 2019-09-28
Closed Date: 2019-12-30
Closed Price: 2050000
Land Info
Improvements: Sewer is right in front of property on Ave. 50. Water main connection is nearby on Avenue 50.
Present Use
Vacant: 1
Potential Use
Residential: 1
Sale Type
Standard: 1
Listing Terms
Submit: 1
Lot Features
Raw Land: 1
Sewer
In Street on Bond: 1
Other: 1
Water
In Street: 1
HOA Information
Association: No
Land Lease Type
Fee Simple: 1
Listing Location and Property Info
APN: 602070004
Status: Closed
Listing Date: 2019-02-18
Original List Price: 4000000
Sold Price: $2,050,000
Current Price: $2,050,000
Street Name: Avenue 50
County: Riverside
State: CA
Zip Code: 92201
Area: 314 - Indio South of Hwy 111
Property Features
Present Use: Vacant
Potential Use: Residential
Sale Type: Standard
Listing Terms: Submit
Lot Features: Raw Land
Sewer: In Street on Bond; Other
Water: In Street
Land Lease Type: Fee Simple
Listing Office:
The Hoffman Company
Listing Agent:
Erik Christianson
Last Updated: November - 15 - 2024
Information deemed reliable but not guaranteed.
