NOT LISTED FOR SALE

1048 Herbert Ave South Lake Tahoe, CA 96150

Estimated Value: $538,000 - $738,144

4 Beds
2 Baths
1,594 Sq Ft
$392/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $386,500 $242 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,648/month

11 Days on Market

About This Home

As of September 2020

Instant Equity with some lovin and elbow grease!! 3bd 1ba home sits towards the back of the lot and a 1bd 1ba upstairs unit at the front above a large storage room. Centrally located surrounded by towering pines, the possibilities are many. The converted storage under the 1bd 1ba does have a bath which completed could be an additional bathroom to the house with the installation of a door. The new vinyl windows, on most larger windows and new asphalt driveway create nice curb appeal.Wonderful investment for anyone with an eye to the future. Another plus is the walking distance to Whole Foods and all of the exciting restaurants as well as the Lake!! Can't get anymore central than this.

Last Agent to Sell the Property

Claudette Olsen

Coldwell Banker Select - LTB License #01208395 Listed on: 07/17/2020

Coldwell Banker Select - LTB

Last Buyer's Agent

Joe Filipko

Tahoe View Realty, Inc. License #01259986

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,461

Year Built

  • Built in 1959

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4 Bedrooms
  • 1,594 Sq Ft Home
  • 2-Story Property
  • Vinyl Clad Windows
  • Crawl Space

Utilities

  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Natural Gas Water Heater
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 027111004000

Community Details

Overview

  • 2 Units
  • Harlow Acres Subdivision

Building Details

  • Gross Income $28,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,461

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Duplex
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Year Built: 1959
  • Directions: Hwy 50 to Herbert Duplex on rt.
  • OFFICELIST_STATE: CA
  • FILLSUBDIVISION: Harlow Acres
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Windows: Metal Frame, Vinyl Frame
  • Bedrooms: 4
  • Price Per Square Foot: 242.47
  • Square Footage: 1594.00
  • Number Of Stories: Two Story

Exterior Features

  • Construction: Wood Frame
  • Foundation: Concrete/Crawl Space
  • Roof: Composition, Shingle

Utilities

  • Heating/Cooling: Natural Gas, Wall or Space Heater
  • Utilities: NaturalGasAvailable, City Water, City Sewer, Septic, Cable TV, Water Meter
  • Water Heater: Natural Gas

Lot Info

  • Acres: 0.1200
  • Lot Measurement: Square Feet
  • Lot Sq Ft: 5227.00
  • Price Per Acre: 3220833.33

Tax Info

  • Assessor Parcel Number: 027111004000

Multi Family

  • Total Units: 2
  • First Unit Bedrooms Bathrooms: 3 Beds - 1 Bath
  • Additional Assessor Parcel Numbers: 1600.00
  • Unit 2 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 2 Monthly Rent: 750.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Sep 21, 2020
Sold by
Getz James E
Bought by
Mcalister Kathryn and Mcalister John Ross
Seller's Agent
Claudette Olsen
Coldwell Banker Select - LTB
Buyer's Agent
Joe Filipko
Tahoe View Realty, Inc.
List Price
$395,000
Sold Price
$386,500
Premium/Discount to List
-$8,500
-2.15%
Current Estimated Value
$624,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,036
Avg. Annual Appreciation
9.89%
Original Mortgage
$289,875
Outstanding Balance
$257,245
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$367,291

Purchase Details

Closed on
Dec 22, 2009
Sold by
Kotz Sheryl
Bought by
Getz James E

Purchase Details

Closed on
May 7, 2003
Sold by
Kotz Sheryl J
Bought by
Kotz Sheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.84%

Purchase Details

Closed on
May 7, 1998
Sold by
Kotz Carole O
Bought by
Kotz Sheryl J

Purchase Details

Closed on
Sep 24, 1996
Sold by
Kotz Sheryl J Tr and U D T Kotz Of 4/8/94
Bought by
Kotz Carole O and The Carole O Kotz Trust

Purchase Details

Closed on
Jul 6, 1994
Sold by
Kotz Carole O
Bought by
Kotz Sheryl J

Purchase Details

Closed on
Jun 10, 1994
Sold by
Kotz Sheryl J
Bought by
Kotz Carole O
Source: Public Records

Range of Values:

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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
Mcalister Kathryn $386,500 Placer Title Company
Getz James E $76,612 None Available
Kotz Sheryl -- Fidelity Natl Title Co
Kotz Sheryl J -- --
Kotz Carole O -- Fidelity National Title Co
Kotz Sheryl J -- Placer Title Company
Kotz Carole O $175,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcalister Kathryn $289,875
Previous Owner Kotz Sheryl $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2020 09/25/20 Sold $386,500 -2.2% $242 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $395,000 -- $248 / Sq Ft
Source: South Tahoe Association 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
2025 $4,461 $418,357 $93,628 $324,729
2024 $4,461 $410,155 $91,793 $318,362
2023 $4,384 $402,114 $89,994 $312,120
2022 $4,341 $394,230 $88,230 $306,000
2021 $4,275 $386,500 $86,500 $300,000
2020 $3,022 $271,230 $77,662 $193,568
2019 $3,008 $265,913 $76,140 $189,773
2018 $2,942 $260,700 $74,648 $186,052
2017 $2,716 $239,000 $68,500 $170,500
2016 $2,713 $239,000 $68,500 $170,500
2015 $2,025 $175,000 $35,000 $140,000
2014 $1,993 $175,000 $35,000 $140,000
Source: Public Records

Agents Affiliated with this Home

  • Claudette Olsen

    Seller's Agent in 2020

    Claudette Olsen

    Coldwell Banker Select - LTB

    (530) 545-1333

    32 in this area

    32 Total Sales

    Claudette Olsen
    Section Image
  • Joe Filipko

    Buyer's Agent in 2020

    Joe Filipko

    Tahoe View Realty, Inc.

    (530) 400-2067

    19 in this area

    21 Total Sales

    Joe Filipko
    Section Image
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Map

Source: South Tahoe Association of REALTORS®

MLS Number: 132733

South Tahoe Association of REALTORS®

APN: 027-111-004-000

California El Dorado County South Lake Tahoe 96150

1048 Herbert Ave, South Lake Tahoe, CA

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South Tahoe Association of REALTORS® Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
© Copyright South Tahoe Association of Realtors.

Based on information from the South Tahoe Association of REALTORS® MLS. 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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