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48255 Monroe Street, 12, Indio, CA 92201

$245K1bd · 2ba · 857 sqft
Lot 0 sqftHOA $858/moCondominium
Active
5d on marketMLS# 219144779

Property Description

BACK ON THE MARKET!! Short Sale has been approved. Turnkey, end unit loft condo, with views of the waterway, tennis courts and common area gazebo. Inside the complex you will discover well maintained landscaping. The unit comes with a smart security system and a single car detached garage. This is a prime location, just blocks from the Polo/Festival grounds, close to shopping and multiple golf courses. The loft layout is great for renters and is amazing for STRs (with HOA approval and a license). Quail Lakes is a gated community with a club house, pool, hot tub & tennis courts. The back patio looks out onto the ''lazy river'' and has it's own private laundry area(in the patio closet). Kitchen, dining area, desk space, living room and remodeled half bath are on the first level. Main bedroom/loft, partially remodeled main bath with 2 closets is on the second level. There is all NEW LVP flooring downstairs. Upstairs has carpet in the bedroom. This would make a great desert getaway or investment property - This complex is an FHA Approved Complex.. Call today to schedule an appointment to see this home.

Features & Amenities

Property Details

Subdivision
Quail Lakes Racquet Club
Land Type
Fee
Year Built
1980
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
1
Heating
Forced Air, Natural Gas
Cooling
Air Conditioning, Central Air
View
Park/Green Belt, Water
Flooring
Carpet, Laminate, Mixed, Vinyl
City
Indio
Zip Code
92201
County
Riverside
Listed byHomeSmart, Suzette A Hart·760-777-2411

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,238.85
Principal & Interest
Loan Amount
$196,000
Total Interest
$249,987
Total Payment Over 30 Years
$445,987
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Quail Lakes Racquet Club

This property is located in Quail Lakes Racquet Club, a community in Indio. Explore more listings in this neighborhood to compare options and pricing.

View Quail Lakes Racquet Club Listings

Comparative Market Analysis

Affordable Tier · 5 active · 0 closed

48255 Monroe Street, 12, Indio, CA 92201

Quail Lakes Racquet Club · Indio · Condominium

$245K
Affordable Tier
Beds
1
Baths
2
Sqft
857
Lot
0 sqft
Year
1980
$/Sqft
$286
Pool: No
Spa: Yes
View: water
Garage: 1-car

Comparable sales support the current list price.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $245K· $286/sqft
Total list price
Closed compsinsufficient comp data
Active comps
vs active median $265K
$20K (7.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $270
+$16 (+5.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
48255 Monroe StreetIndio1980229980$301$300,0008586
48255 Monroe StreetIndio1980129980$266$264,9993377
47395 MonroeIndio198221951930$231$220,0001271
45546 Aladdin StreetIndio1980219071,307$259$235,0009570
47395 Monroe StreetIndio1982221,0211,000$293$299,0007469
Total: 5 · Average1.81.69751,079$270$263,799.859.8
Median998$264,999

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.