Laura Jewett

Laura Jewett

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$619,900

($122,552 down)
FHA

53200 Avenida Velasco, La Quinta, CA 92253

5
4
1,620 sqft
PITI Monthly
$3,084.72 /mo

Listing courtesy of: Edith Martinez, EM Realty Group, Inc.

Assumed Rate

4.17%
7.15%

Principal & Interest

$2,548 /mo
$3,531 /mo

What's Special

REMODELED
MINUTES AWAY
SHOPPING
DINING
SPACIOUS
MODERN
RENOVATED
MOUNTAIN VIEWS
INVESTMENT OPPORTUNITY
FULLY FURNISHED

Welcome to 53200 Avenida Velasco – A Beautiful Renovated Gem in La Quinta Cove. This stunning home feature a spacious 3-bedroom, 2.5-bath main home, alongside a fully equipped 2-bedroom, 1-bath attached ADU that can be rented for $1,800-$2,000 a month. Perfect for multi-generational living, hosting guests, or as a rental unit for additional income. The large lot provides plenty of space for a pool, and you’ll be captivated by the breathtaking mountain views that complement the modern, sophisticated ambiance of the property. The main home has been thoughtfully renovated, with a newly remodeled kitchen and bathrooms that bring a fresh, contemporary vibe. Nestled in the desirable La Quinta Cove just minutes away from scenic hiking trails, Coachella, restaurants, and Old Town La Quinta, vibrant shopping, dining, and the local farmer’s market are all nearby. This property offers an incredible investment opportunity, or the chance to live in the main home while renting out the ADU to offset your mortgage. These two homes are fully furnished and can be delivered furnished, offering a seamless move in experience. Pool renderings are available upon request, allowing you to visualize the full potential of this fantastic space. Don’t miss out on this move-in-ready home – your dream property awaits! Current FHA Loan assumable at 4.670%, call for more information.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.17
Remaining Loan Term
27 years, 1 months
Monthly PITI
$3,084.72/mo
Estimated Loan Balance
$503,005
Cash to close
$122,552
Interest Paid
$62,022

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Unknown
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1973
Details
  • Builder:

Community & HOA

Community
  • Subdivision: La Quinta Cove
  • Features: Mountainous
HOA
  • Has HOA: No
Location
  • Region: La Quinta

Financial Details

  • Price per Sqft: $382.65
  • Tax Annual Amount: $7748.75
  • On Market Date: 2025-01-14T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $122,552 (20%)
You can enter any amount below - secondary financing will cover the difference if needed.
20%
$

You cover the entire equity of $122,552!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.17% Sellers Rate
$497,348
Your Cash$122,552
Total Purchase Price:$619,900

Assumed vs Traditional Mortgage

Assumed @ 4.17%
$2,548/mo
Traditional @ 7.5%
$3,663/mo
You save $1,115/month ($13,384/year)

*Secondary financing rates are an estimated value based on input

MLS ID: CV25009800

Listing From:

Last updated: 2025-03-18T18:34:48.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

4.17%
7.15%

Principal & Interest

$2,548 /mo
$3,531 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $122,552 (20%)
You can enter any amount below - secondary financing will cover the difference if needed.
20%
$

You cover the entire equity of $122,552!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.17% Sellers Rate
$497,348
Your Cash$122,552
Total Purchase Price:$619,900

Assumed vs Traditional Mortgage

Assumed @ 4.17%
$2,548/mo
Traditional @ 7.5%
$3,663/mo
You save $1,115/month ($13,384/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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