NOT LISTED FOR SALE

1001 Commonwealth Dr Unit 253 Kings Beach, CA 96143

Estimated Value: $640,000 - $706,000

2 Beds
2 Baths
1,422 Sq Ft
$664/mo HOA Fee

Last Sold February 05, 2024

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

Est. 1% decrease in value since last sale

Current estimated payment $4,649/month

29 Days on Market

Highlights

  • View of Trees or Woods
  • Living Room with Fireplace
  • Loft
  • Kings Beach Elementary School Rated A-
  • Mountain Architecture
  • Furnished

About This Home

As of February 2024

Beautifully Remodeled Condo with Forest Views! Discover the perfect blend of luxury and nature in this meticulously upgraded condo nestled in a serene complex surrounded by woods. Enjoy the tranquility of your surroundings while relishing the modern conveniences and thoughtful improvements throughout. This unit is in Phase 3 of Kingwood Village which makes it among the newest units in the complex and was built dual pane windows. Two bedrooms, plus loft and alcove. Key Features: • Kitchen Remodel: New cabinets, countertops, appliances, stone flooring, and ceiling lights create a stylish and functional space. • Upgrades: Recent additions include new carpeting, twin water heaters, stone flooring in the entryway, wood-stained doors, and freshly painted walls and ceiling beams. • Sold turn-key furnished, including a fully stocked kitchen with utensils. • Outdoor Amenities: Revel in the natural surroundings and take advantage of the complex's pool, tennis and pickleball courts, bocce ball, and extra parking for a boat or RV. This townhome offers a rare opportunity to own a turnkey property in a community that blends the charm of wooded surroundings with modern living. Don't miss the chance to make this stunning townhome your new home.

Last Agent to Sell the Property

John Eppolito

Coldwell Banker Select Real Es License #01221678 Listed on: 12/07/2023

Coldwell Banker Select Real Es

Last Buyer's Agent

Ryan Stokes

COMPASS License #01947442

COMPASS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,245

Year Built

  • Built in 1982 | Remodeled

Lot Details

  • 7,405

HOA Fees

  • $664 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Mountain Architecture

Interior Spaces

  • 1,422 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Great Room
  • Living Room with Fireplace
  • Loft
  • Views of Woods

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Carpet
  • Stone

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

  • North Laketahoe Community

Amenities

  • Common Area

Recreation

  • Tennis Courts
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,245

Year Built

Built in 1982 | Remodeled

Lot Details

0

HOA Fees

$664 per month

Listing Details

  • Age: 40+ Years
  • Estimated Lot Size: 0 - .255
  • Community: North LakeTahoe
  • Optional Financing: Cash To New Loan
  • Service Type: Full Service
  • Setting: Common Area
  • Sub-Area: 1NR
  • Sub-Status: Standard
  • Year Built: 1982
  • Other: High Ceilings, Cable TV
  • Sewer: Utility District
  • Estimated Sq Ft: OTHER
  • Architecture: Mountain
  • Property Condition: Extensive Remodel, Minor Remodel
  • 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: Utility District
  • Appliances: Range, Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Bonus Rooms: Loft, Great Room
  • Fireplace: Living Room, Other
  • Furnished: Mostly
  • Bathrooms: 2
  • Bedrooms: 2
  • Floor Coverings: Carpet, Stone

Exterior Features

  • View: Wooded
  • Decks: 2
  • Construction Phase: FINISHED

Garage/Parking

  • Garage: None

Utilities

  • Laundry: Hall

Condo/Co-op/Association

  • HOA Amenities: Pool, Tennis Courts, Other/See Remarks
  • HOA Fees: 664
  • HOA Fee Frequency: Month
  • HOA Membership: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2023
Closed on
Jan 25, 2024
Sold by
Welch Ted M
Bought by
Niels And Molly Melius Family Trust and Melius
Seller's Agent
John Eppolito
Coldwell Banker Select Real Es
Buyer's Agent
Ryan Stokes
COMPASS
List Price
$675,000
Sold Price
$670,000
Premium/Discount to List
-$5,000
-0.74%
Total Days on Market
29
Views
229
Current Estimated Value
$661,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,350
Avg. Annual Appreciation
-0.94%
Original Mortgage
$670,000
Outstanding Balance
$659,896
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$1,754

Purchase Details

Closed on
Feb 12, 2015
Sold by
Welch Mary E
Bought by
Welch Ted M

Purchase Details

Closed on
Jan 17, 2001
Sold by
Welch Vickie
Bought by
Welch Ted

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
7.54%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Niels And Molly Melius Family Trust $670,000 Placer Title
Welch Ted M -- Fidelity National Title Co
Welch Ted M -- Fidelity National Title Co
Welch Ted -- Financial Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Niels And Molly Melius Family Trust $670,000
Previous Owner Welch Ted M $185,000
Previous Owner Welch Ted M $25,000
Previous Owner Welch Ted $91,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2024 02/05/24 Sold $670,000 -0.7% $471 / Sq Ft
01/05/2024 01/05/24 Pending -- -- --
12/07/2023 12/07/23 For Sale $675,000 -- $475 / Sq Ft
Source: Tahoe Sierra Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2023 $3,245 $199,570 $40,069 $159,501
2022 $3,021 $195,658 $39,284 $156,374
2021 $2,925 $191,822 $38,514 $153,308
2020 $2,917 $189,857 $38,120 $151,737
2019 $2,934 $186,135 $37,373 $148,762
2018 $2,550 $182,487 $36,641 $145,846
2017 $2,501 $178,910 $35,923 $142,987
2016 $2,469 $175,403 $35,219 $140,184
2015 $2,420 $172,769 $34,690 $138,079
2014 $2,356 $169,386 $34,011 $135,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20232183

Tahoe Sierra Board of REALTORS®

APN: 111-250-007