NOT LISTED FOR SALE

101 Red Cedar Dr Unit 8 Incline Village, NV 89451

Estimated Value: $1,900,000 - $3,383,427

3 Beds
4 Baths
2,828 Sq Ft
$904/Sq Ft Est. Value

Last Sold August 01, 2016

Last sale price $1,100,000 $389 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $14,817/month

254 Days on Market

About This Home

As of August 2016

BREATHTAKING LAKEVIEW HOME OFFERS THE BEST OF LAKE TAHOE. Nestled into the mountainside & one of the most desired locations in the stunning gated community of Red Cedar Estates, this home warmly embraces you with abundant natural light & Lake Tahoe views. From the Immaculate Master Suite to the Spacious Living Room with vaulted ceilings & a wood-burning fireplace, Lake Tahoe greets you from multiple spaces. Boasting beautiful landscaping & close to the lake. Easy to show.

Last Listed By

Tanya Soule

Chase International License #S.170786 Listed on: 10/21/2015

Chase International

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,820

Year Built

1994

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.057
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 1994
  • Special Features: None
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Multi-Family
  • Appliances: Dishwasher, Disposal, Gas Range
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: One
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Partially Carpeted, Tile
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), Walk-In Pantry
  • Living Area: 2828.0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Topography: Sloping
  • View: Lake, Mountain(s), Panoramic, Trees/Woods
  • View: Yes
  • Waterfront Features: Boat Ramp/Lift Access
  • Home Warranty: No
  • Exterior Features: Deck, Landscaping
  • Patio And Porch Features: Deck
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Open Parking: Yes
  • Parking Features: Detached, Garage, One Car Garage, Open, Garage Door Opener

Utilities

  • Heating: Gas, Hot Water
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Controlled Access
  • Association Fee: 380.0
  • Association: Yes

Lot Info

  • Development Status: Resale/Previously Owned
  • Parcel #: 123-190-33
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6658.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2015
Closed on
Jul 8, 2016
Sold by
Wertz Andrew W and Wertz Pamela R
Bought by
Molinelli Joseph and Molinelli Jenny
Seller's Agent
Tanya Soule
Chase International
Buyer's Agent
John Garry
Coldwell Banker Select
List Price
$1,180,000
Sold Price
$1,100,000
Premium/Discount to List
-$80,000
-6.78%
Total Days on Market
254
Current Estimated Value
$2,555,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,455,107
Avg. Annual Appreciation
9.29%
Original Mortgage
$868,000
Outstanding Balance
$701,880
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,696,488

Purchase Details

Closed on
Dec 17, 2014
Sold by
Wertz Andrew W and Wertz Pamela R
Bought by
Andrew W Wertz Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 10, 1999
Sold by
Andrew W Wertz Md Inc
Bought by
Evans Karin and Evans Howard M

Purchase Details

Closed on
Jan 5, 1994
Sold by
V T Scott Investments Inc
Bought by
Andrew W Wertz Md Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.75%

Range of Values:

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Average Value
Not Available
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
Molinelli Joseph $1,100,000 First Centennial Reno
Andrew W Wertz Revocable Trust -- First Centennial
Wertz Andrew W -- First Centennial
Evans Karin -- First American Title
Andrew W Wertz Md Inc $469,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Molinelli Joseph $868,000
Previous Owner Wertz Andrew W $240,000
Previous Owner Andrew W Wertz Md Inc $500,000
Previous Owner Andrew W Wertz Md Inc $270,441
Previous Owner Andrew W Wertz Md Inc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2016 08/01/16 Sold $1,100,000 -6.8% $389 / Sq Ft
07/02/2016 07/02/16 Pending -- -- --
10/21/2015 10/21/15 For Sale $1,180,000 -- $417 / Sq Ft
Source: Incline Village 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
2025 $7,820 $295,083 $137,725 $157,358
2024 $7,820 $290,576 $131,180 $159,396
2023 $7,611 $282,906 $131,180 $151,726
2022 $7,727 $235,754 $100,905 $134,849
2021 $7,525 $211,091 $77,630 $133,461
2020 $7,377 $210,018 $77,630 $132,388
2019 $7,186 $202,047 $71,890 $130,157
2018 $7,001 $187,835 $60,900 $126,935
2017 $6,821 $185,867 $59,290 $126,577
2016 $6,670 $184,538 $55,405 $129,133
2015 $6,658 $168,616 $46,165 $122,451
2014 $6,768 $172,360 $46,165 $126,195
2013 -- $172,080 $46,165 $125,915
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Incline Village REALTORS®

MLS Number: 943008

Incline Village REALTORS®

APN: 123-190-33