Think you can’t afford to own a home? If you can qualify for a net price of $389,000 then Watercolors, a highly desirable, affordable, vibrant 55+ gated community welcomes you! The City of La Quinta Housing Authority offers a Silent Second mortgage of $56,000 (details below) for this beautifully maintained,… Read More move-in ready, detached 2-bedroom home which includes convenient direct access to the attached 2-car garage. A nice sized patio with a sliding door grants access to the large living room. Step inside to this light and bright, open airy floor plan home with a cozy gas fireplace, ceiling fans and soaring 12 ft. ceilings in the great room. Custom plantation shutters throughout shield the sun. The spacious primary suite includes a 7 ft. vanity with dual sinks, walk-in shower, and a large custom Elfa fitted walk- in closet. There is high-end carpeting in both bedrooms for comfort and the polished floors in the living room and hallway grant an elegant sophisticated look. The kitchen and bathrooms are tiled. The second bedroom is also nice sized with a custom closet. The home exemplifies pride of ownership. This home comes with a Ring security system and doorbell, indoor washer and dryer, and all nearly new stainless steel kitchen appliances. Watercolors community amenities include a beautiful clubhouse available for private parties, pool and spa. The low HOA dues include internet and cable services. Qualified buyers must meet age and moderate-income requirements per the city of La Quinta Housing Authority. So, this is how it works: the total purchase price is $445,000, which includes the city giving you $56,000, which is referred to as a silent second. ($389,000 + $56,000 = $445,000). Your loan amount would be based on $389,000 minus your down payment which can be up to 20% of the $389,000. There are no interest or payments due on the silent second. Buyers need to meet income qualification criteria with the city Housing Authority for only the lesser amount of $389,000. This home must be a primary residence; no rentals, no cash purchases, no investors. The 2025 income limits are as follows: 1 person $62,651to 87,300, 2 people $71,601to 99,750, 3 people $80,551 to 112,250, 4 people $89,501 to 124,700.) Know a senior who would like down payment assistance when buying a home? Don’t miss this opportunity for a home close to dining, shopping and nearby million-dollar homes. Come and experience the blend of comfort and convenience at Watercolors Read Less
Property listed by Sotheby's International Realty, Christina Dreyer 626-688-3948
Built in 2006, Living area: 1231.0, Living area units: SquareFeet, 1 storey, Levels: One, Entry level: 1, Entry location: ground, Construction Materials: Stucco
Community
149 units in community, Biking, StreetLights, Suburban, Gated
Cooling
CentralAir
Disclosures
CovenantsRestrictionsDisclosure, HoaDisclosure
Exterior Features
Patio/Porch Features: Patio
Fireplaces
GasStarter, LivingRoom
Floors
Carpet, SeeRemarks, Tile
Garage
2 spaces
Heating
Central
Home Owner's Association
Association Fee: $316, Fee Frequency: Monthly, Amenities: Clubhouse, Pool, PetRestrictions, SpaHotTub
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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