NOT LISTED FOR SALE

1001 Commonwealth Dr Unit 140 Kings Beach, CA 96143

Estimated Value: $588,000 - $680,000

2 Beds
2 Baths
1,422 Sq Ft
871 Sq Ft Lot

Sale Details

Date Sold: May 1, 2023

Last sale price $670,000 $471 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,583 / mo

5 Days on Market

Highlights

  • View of Trees or Woods
  • Wood Burning Stove
  • Loft
  • Kings Beach Elementary School Rated A-
  • Mountain Architecture
  • Furnished

About This Home

As of May 2023

The perfect Lake Tahoe escape! Located in Kings Beach and just minutes to the lifts at Northstar for epic winter adventures and the shores of Lake Tahoe for so much summer fun. Situated in the Kingswood neighborhood, the HOA provides snow removal for easy living as well as a swimming pool, wading pool, two saunas, a gym, three tennis courts and more. This spacious condo has two large bedrooms, two updated bathrooms, a loft and a sitting area/office, providing plenty of sleeping space. The open floor plan features an updated kitchen, high beam ceilings and a wood burning stove for chilly winter nights. Two decks and two large lawn areas are the perfect place to entertain in the summer and there is even a boat lot and kayak storage for owners from the spring to fall. Used as a short term rental with a great rental history and well-loved by the current owners, the possibilities are endless – it’s time to come enjoy the adventure of Tahoe living!

Last Agent to Sell the Property

Chris & Brooke Hernandez

COMPASS License #01477359 Listed on: 03/25/2023

COMPASS

Last Buyer's Agent

Tiffany Grimes

RE/MAX Gold - Kings Beach License #01195216

RE/MAX Gold - Kings Beach

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1973

Lot Details

  • 871

HOA Fees

  • $554 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Mountain Architecture
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,422 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Wood Burning Stove
  • Den
  • Loft
  • Views of Woods

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Outdoor Features

  • Multiple Outdoor Decks

Utilities

  • Heating System Uses Natural Gas
  • Utility District

Community Details

Overview

Recreation

  • Tennis Courts
  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 1973

Lot Details

871 Sq Ft Lot

HOA Fees

$554 per month

Listing Details

  • Age: 50+ Years
  • Estimated Lot Size: 0 - .255
  • Community: North LakeTahoe
  • Directions: 267. Right on Cambridge. Left into Kingswood Village. Unit is on the left.
  • Number of Acres: 0.02
  • Service Type: Full Service
  • Setting: Condo/PUD Project
  • Sub-Area: 1NR
  • Sub-Status: Standard
  • Topography: Level
  • Year Built: 1973
  • Other: High Ceilings, Rental History
  • Sewer: Utility District
  • Architecture: Mountain
  • Gated: No
  • Out Buildings: No
  • Sign YN: Y
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Heating: Natural Gas, CFAH
  • Estimated Sq Ft: 1422
  • Stories: Three
  • Gas: Natural
  • Water: Metered, Utility District
  • Appliances: Range, Oven, Microwave, Disposal, Dishwasher, Refrigerator, Washer, Dryer
  • Bonus Rooms: Loft, Den
  • Furnished: Mostly
  • Bathrooms: 2
  • Bedrooms: 2
  • Wood Stove: Living Room
  • Floor Coverings: Carpet, Vinyl

Exterior Features

  • View: Wooded
  • Construction Exterior: Framed, Wooded
  • Foundation: Perim Block
  • Roof: Composition
  • Decks: 2
  • Construction Phase: FINISHED

Garage/Parking

  • Garage: None

Utilities

  • Laundry: Hall

Condo/Co-op/Association

  • HOA Amenities: Pool, Tennis Courts
  • HOA Fees: 554
  • HOA Fee Frequency: Month
  • HOA Transfer Fee: 350
  • HOA Membership: Y
  • HOA Website: https://www.kvpoa.org/forms-documents

Fee Information

  • Mello Roos Fees: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2023
Closed on
Apr 14, 2023
Sold by
Mok Kenny Y
Bought by
Bond Benjamin
Seller's Agent
Chris & Brooke Hernandez
COMPASS
Buyer's Agent
Tiffany Grimes
RE/MAX Gold - Kings Beach
List Price
$675,000
Sold Price
$670,000
Premium/Discount to List
-$5,000
-0.74%
Views
16
Current Estimated Value
$631,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,559
Avg. Annual Appreciation
-1.98%
Original Mortgage
$636,500
Outstanding Balance
$618,810
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$12,631

Purchase Details

Closed on
Apr 10, 2015
Sold by
Woo Victor and Woo Cora S
Bought by
Mok Kenny Y and Boring William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2007
Sold by
Woo Victor and Woo Cora S
Bought by
Woo Victor and Woo Cora S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bond Benjamin $670,000 Placer Title
Mok Kenny Y $290,000 Fidelity National Title Co
Woo Victor -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bond Benjamin $636,500
Previous Owner Mok Kenny Y $203,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2023 05/01/23 Sold $670,000 -0.7% $471 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
03/25/2023 03/25/23 For Sale $675,000 -- $475 / Sq Ft
Source: Tahoe Sierra Board of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,177 $620,000 $148,100 $471,900
2023 $8,177 $334,996 $103,962 $231,034
2022 $4,457 $328,428 $101,924 $226,504
2021 $4,304 $321,989 $99,926 $222,063
2020 $4,299 $318,689 $98,902 $219,787
2019 $4,332 $312,441 $96,963 $215,478
2018 $3,912 $306,315 $95,062 $211,253
2017 $3,838 $300,310 $93,199 $207,111
2016 $3,792 $294,422 $91,372 $203,050
2015 $2,204 $153,235 $20,315 $132,920
2014 -- $150,235 $19,918 $130,317
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20230253

Tahoe Sierra Board of REALTORS®

APN: 111-240-037

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