This Desert Sun article, by Rosalie Murphy, takes a look at what kind of a house $180,000 to $190,000 can buy in the Coachella Valley. At this price, with 20% down ($37,000), a 30 year mortgage at a 4% interest rate would require a monthly payment of $883.
A summary of the sampling of what $180,000 to $190,000 can buy you in the Coachella Valley right now:
- Mission Lakes Country Club – Desert Hot Springs – A 1,639 sq ft, 3 bedroom, 2 bathroom ranch style home, with a remodeled kitchen, laminate floors and an expansive back porch with hot tub, on a 7,405 sq ft lot. Listed at $185,900, with HOA fees of $285 per month (that includes golf for 2 on the title), plus an annual HOA fee of $240.
- Cathedral City – A 1,300 sq ft, 3 bedroom, 1 bathroom ranch style home, originally built in 1957, with an updated kitchen and bathroom, and located on a 6,098 sq ft lot. Listed at $183,000, with no HOA fees.
- Coachella – A 1,100 sq ft, 3 bedroom, 1.5 bathroom home, originally built in 1990, remodeled with granite countertops, wooden kitchen cabinets, and fresh tile and paint, and located on a 6,970 sq ft lot at the end of a cul-de-sac near the Whitewater River. Listed at $187,000, with no HOA fees.
- Indian Palms Country Club - Indio – A 1,051 sq ft, 2 bedroom, 1.75 bathroom remodeled condo, with stainless steel appliances, a gray and white backsplash and light wooden floors, located on the golf course, with a 2 car garage. Listed at $179,900, with monthly HOA fees of $315.
- Canyon South 1 - South Palm Springs – A 1,742 sq ft, 2 bedroom, 2 bathroom remodeled condo, with bamboo floors in the living areas and ceramic tile in the kitchen, located on private leased land. The property includes a private back patio and a one car garage with an attached storage room. Listed at $179,500, with monthly HOA dues of $380 per month and an annual land lease payment of $3,697 (expiring in 2072).
Please read the article using the link below: