0 Avenue 50, Indio, CA 92201 (MLS# 219005677)

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

Overview

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)

Listing Details MLS# 219005677

General Property Information

Pool
No
Lot Acres
44.5
Cross Streets
Avenue 50 & Verano Dr, 1/2 mile E. of Jefferson St

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 Location and Property Info

APN
602070004
Original List Price
4000000
Street Name
Avenue 50
County
Riverside
State
CA
Zip Code
92201
Area
314 - Indio South of Hwy 111

Tax Info

Tax Mello Roos
No

Property Info

View
No
Senior Community
No
Gated Community
No

Status Change Info

Status Change Date
2019-12-30
Pending Date
2019-09-28
Closed Date
2019-12-30
Closed Price
2050000
Sold Price/Acre
46067.42

More Information

Land Info

Improvements
Sewer is right in front of property on Ave. 50. Water main connection is nearby on Avenue 50.

HOA Information

Association
No

Listing, Location and Property Info

Entry Date
2019-02-19
Land Type
Fee
List Price/Acre
66292.13
Builders Tract Code
NA314

Present Use

Vacant
Yes

Potential Use

Residential
Yes

Sale Type

Standard
Yes

Listing Terms

Submit
Yes

Lot Features

Raw Land
Yes

Sewer

In Street on Bond
Yes
Other
Yes

Water

In Street
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: The Hoffman Company
Listing Agent: Erik Christianson
Last Updated: November - 15 - 2024
Information deemed reliable but not guaranteed.

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