NOT LISTED FOR SALE

1069 Peace Pipe Ln Incline Village, NV 89451

Estimated Value: $999,000 - $1,511,000

6 Beds
6 Baths
3,456 Sq Ft
$376/Sq Ft Est. Value

Last Sold October 17, 2018

Last sale price $925,000 $268 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,320/month

Highlights

  • View of Trees or Woods
  • Deck
  • Mountain Architecture
  • Incline High School Rated A-
  • Wooded Lot
  • Beamed Ceilings

About This Home

As of October 2018

Limitless rental potential. Charming lower elevation Craftsman duplex on quiet street. Two family homes and a studio apartment in a desirable location. Sunny living areas, gas heat, two wood burning fireplaces, and dual pane windows keep energy costs low. Great Rental History, High yielding rentals. Gross rents $51,050./yr. and could be more. Unit A & B have 3 bedrooms and 3 full baths, washer and dryer. Unit C is a 850 square ft. studio with bathroom, washer & dryer. Unit A lease expires 9/30/18, Unit B expires 5/31/19 and Unit C ends 7/31/20. Make one your Tahoe home and rent the other two. This property pencils out!

Last Agent to Sell the Property

Gail Krolick

Alpine Realty International License #S.50890 Listed on: 03/17/2018

Last Buyer's Agent

Sabrina Carstensen

Keller Williams Group One Inc License #S.0184882

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,841

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • 6,011 Sq Ft Lot
  • Cul-De-Sac
  • Sloped Lot
  • Wooded Lot

Property Views

  • Woods
  • Mountain

Home Design

  • Mountain Architecture
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3,456 Sq Ft Home
  • 3-Story Property
  • Beamed Ceilings
  • Fire and Smoke Detector

Flooring

  • Partially Carpeted
  • Laminate

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 130-081-25

Community Details

Overview

  • 3 Units
  • Property is near a preserve or public land

Building Details

  • Gross Income $51,050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,841

Year Built

Built in 1979 | Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.138
  • Architectural Style: Mountain
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 1979
  • Special Features: None
  • Stories: 3

Interior Features

  • Possible Use: Multi-Family
  • Flooring: Laminate, Partially Carpeted
  • Interior Amenities: Beamed Ceilings
  • Living Area: 3456.0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: Cul-De-Sac, Wooded, Adjacent To Public Land
  • Topography: Sloping
  • View: Mountain(s), Trees/Woods
  • View: Yes
  • Construction Type: Frame
  • Exterior Features: Deck, Patio
  • Patio And Porch Features: Deck, Patio
  • Property Condition: Updated/Remodeled
  • Roof: Composition

Utilities

  • Security: Smoke Detector(s)
  • Heating: Forced Air, Gas
  • Heating Yn: Yes

Lot Info

  • Development Status: Resale/Previously Owned
  • Parcel #: 130-081-25
  • Zoning Description: Multi-Residential
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 51050.0

Tax Info

  • Tax Annual Amount: 4841.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2021
Sold by
Green Virgil and Green Marianne
Bought by
Good Living Investments Llc
Current Estimated Value
$1,298,267

Purchase Details

Closed on
May 18, 2020
Sold by
Good Living Investments Llc
Bought by
Green Virgil and Green Marianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$646,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 17, 2018
Closed on
Oct 31, 2018
Sold by
Green Virgil and Green Marianne
Bought by
Good Living Investments Llc
Seller's Agent
Gail Krolick
Alpine Realty International
Buyer's Agent
Sabrina Carstensen
Keller Williams Group One Inc
List Price
$950,000
Sold Price
$925,000
Premium/Discount to List
-$25,000
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%
Original Mortgage
$647,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 17, 2018
Closed on
Oct 10, 2018
Sold by
Kobori Marvin S and Kobori Debra A
Bought by
Green Virgil and Green Marianne
Seller's Agent
Gail Krolick
Alpine Realty International
Buyer's Agent
Sabrina Carstensen
Keller Williams Group One Inc
List Price
$950,000
Sold Price
$925,000
Premium/Discount to List
-$25,000
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$647,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 1995
Sold by
Nelson Gary W and Nelson Linda M
Bought by
Kobori Marvin S and Kobori Debra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
8.43%

Purchase Details

Closed on
May 19, 1995
Sold by
Kobori Marvin S and Kobori Debra A
Bought by
Nelson Gary M and Nelson Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
8.43%

Purchase Details

Closed on
Dec 12, 1994
Sold by
Kobori Marvin S and Kobori Debra A
Bought by
Kobori Marvin S and Kobori Debra A

Purchase Details

Closed on
Jun 25, 1992
Sold by
Jones Bobby E and Jones Peggy N
Bought by
Nelson Gary W and Nelson Linda M

Purchase Details

Closed on
Apr 29, 1983
Sold by
Utley Charles E and Utley Cornelia V
Bought by
Jones Bobby E and Jones Peggy N

Purchase Details

Closed on
Feb 16, 1983
Sold by
Arbogast Debi
Bought by
Jones Bobby E and Jones Peggy N

Purchase Details

Closed on
Nov 26, 1982
Sold by
Hudson C E and Hudson Virginia
Bought by
Kobori Marvin S and Kobori Debra A

Purchase Details

Closed on
Oct 13, 1982
Sold by
Pmi Insurance Co
Bought by
Hudson C E and Hudson Virginia
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
Good Living Investments Llc $925,000 Archer Title And Escrow
Green Virgil $925,000 Stewart Title Guaranty Co
Good Living Investments Llc $925,000 Stewart Title Guaranty Co
Green Virgil $925,000 Western Title Co
Kobori Marvin S $150,000 First American Title Company
Nelson Gary M $150,000 First American Title Company
Kobori Marvin S -- --
Nelson Gary W -- First American Title
Jones Bobby E -- First American Title
Jones Bobby E -- First American Title
Kobori Marvin S -- First American Title
Hudson C E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Green Virgil $646,000
Previous Owner Green Virgil $647,500
Previous Owner Nelson Gary M $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2018 10/17/18 Sold $925,000 -2.6% $268 / Sq Ft
09/17/2018 09/17/18 Pending -- -- --
03/17/2018 03/17/18 For Sale $950,000 -- $275 / 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 $5,242 $152,298 $94,500 $57,798
2024 $5,242 $143,227 $81,900 $61,327
2023 $4,931 $137,209 $81,900 $55,309
2022 $5,284 $114,685 $63,000 $51,685
2021 $5,008 $98,993 $47,250 $51,743
2020 $5,122 $99,492 $47,250 $52,242
2019 $5,087 $99,171 $47,250 $51,921
2018 $4,975 $98,574 $47,250 $51,324
2017 $4,841 $98,588 $47,250 $51,338
2016 $4,760 $91,260 $39,060 $52,200
2015 $4,754 $89,522 $39,060 $50,462
2014 -- $91,263 $39,060 $52,203
2013 -- $89,533 $39,060 $50,473
Source: Public Records

Agents Affiliated with this Home

  • Gail Krolick

    Seller's Agent in 2018

    Gail Krolick

    Alpine Realty International

    (775) 831-8110

    14 in this area

    15 Total Sales

    Gail Krolick
    Section Image

  • S

    Buyer's Agent in 2018

    Sabrina Carstensen

    Keller Williams Group One Inc

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Map

Source: Incline Village REALTORS®

MLS Number: 1004107

Incline Village REALTORS®

APN: 130-081-25

Nevada Washoe County Incline Village 89451

1069 Peace Pipe Ln, Incline Village, NV

This home is located at 1069 Peace Pipe Ln, Incline Village, NV 89451 since 17 March 2018 and is currently estimated at $1,298,267, approximately $375 per square foot. This property was built in 1979. 1069 Peace Pipe Ln is a home located in Washoe County with nearby schools including Incline Elementary School, Incline Middle School, and Incline High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Incline Village REALTORS® IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.

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