NOT LISTED FOR SALE

1285 Margaret Ave South Lake Tahoe, CA 96150

Estimated Value: $556,631 - $624,000

3 Beds
2 Baths
1,402 Sq Ft
$418/Sq Ft Est. Value

Last Sold June 14, 2019

Last sale price $359,830 $257 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,417/month

165 Days on Market

Highlights

  • Deck
  • Granite Countertops
  • Double Pane Windows
  • Forest View
  • Formal Dining Room
  • Built-in Bookshelves

About This Home

As of June 2019

Newly remodeled single level home across the street from over 300 acres of US Forest Service land with some of the best hiking and snow sledding hills in the area, and close to everything South Tahoe has to offer. This home has just finished being remodeled with new paint and flooring throughout. In the kitchen there is a new granite counter top and new appliances. Both bathrooms have new vanities and light fixtures. From the cozy fireplace in the living room, to the large separate dining room with double doors out to the back deck, this home is ready to be a family home, vacation property, or a great potential income opportunity. There is a bonus room that separates the house into 2 different areas, which has been used in the past as a shared laundry room that locks on both sides to create a separate rental unit out of one of the bedrooms complete with it's own door for exterior access. Large storage building in the back yard.

Last Agent to Sell the Property

Dan Spano

Compass License #01187931 Listed on: 11/21/2018

Compass

Last Buyer's Agent

Joseph Olson

Chase International - South La License #01085490

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,703

Year Built

  • Built in 1959

Lot Details

  • 5,000 Sq Ft Lot
  • Fenced
  • Natural State Vegetation

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Composition Roof

Interior Spaces

  • 1,402 Sq Ft Home
  • 1-Story Property
  • Built-in Bookshelves
  • Free Standing Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Living Room
  • Formal Dining Room
  • Forest Views
  • Crawl Space
  • Laundry in Hall

Kitchen

  • Oven
  • Built-In Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Shower Only

Outdoor Features

  • Deck
  • Patio
  • Shed

Utilities

  • Forced Air Heating System
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • Armstrong 7 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 032282261000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,703

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Additional Features: Built In Bookcase
  • Countertops: Granite
  • Master Bdrm Features: Master Bath, Stall Shower
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Stories: 1
  • Year Built: 1959
  • Directions: Emerald Bay Road to F Street. At the end of F Street turn right on Margaret, house is the first one on the right.
  • OFFICELIST_STATE: CA
  • FILLSUBDIVISION: Armstrong 7
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Windows: Double Pane, Vinyl Frame
  • Master Bedroom: Yes
  • Bedrooms: 3
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Kitchen: Microwave Built-in, Dishwasher Built-in, Single Oven
  • Additional Rooms: Living Room, Formal Dining
  • Fireplace Description: Freestanding -Wood
  • Laundry Location: Hall Closet
  • Price Per Square Foot: 256.65
  • Square Footage: 1402.00

Exterior Features

  • Construction: Wood Frame
  • Exterior: Storage Shed
  • Fenced: Yes
  • Foundation: Concrete/Crawl Space, Concrete/Masonry
  • Landscaped: Natural
  • Patio Deck: Deck, Uncovered
  • Roof: Pitched, Composition
  • Views: Forest

Utilities

  • Heating/Cooling: Forced Air
  • Utilities: ElectricityAvailable, NaturalGasAvailable, City Water, City Sewer, Cable TV, Telephone, High Speed Internet

Lot Info

  • Acres: 0.1148
  • Lot Measurement: Square Feet
  • Lot Sq Ft: 5000.00
  • Price Per Acre: 3134407.67
  • Zoning: Single Family

Tax Info

  • Annual Taxes: 1703.00
  • Assessor Parcel Number: 032282261000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2024
Sold by
Jones Jessica Helen
Bought by
Jessica Jones Trust and Jones
Current Estimated Value
$586,408

Purchase Details

Listed on
Nov 21, 2018
Closed on
Jun 6, 2019
Sold by
Red Tail Capital Llc Series M
Bought by
Jones Jessica Helen
Seller's Agent
Dan Spano
Compass
Buyer's Agent
Joseph Olson
Chase International - South La
List Price
$369,900
Sold Price
$359,830
Premium/Discount to List
-$10,070
-2.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%
Original Mortgage
$341,838
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2018
Sold by
Morrow Marlene O and Korn Dennis
Bought by
Red Tail Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,300
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 19, 2014
Sold by
Morrow Marlene O
Bought by
Morrow Marlene O and Korn Dennis

Purchase Details

Closed on
May 11, 2007
Sold by
Garner Philip D
Bought by
Omorrow Marlene
Source: Public Records

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
Jessica Jones Trust -- None Listed On Document
Jessica Jones Trust -- None Listed On Document
Jones Jessica Helen $360,000 Old Republic Title Company
Red Tail Capital Llc $237,000 Old Republic Title Company
Morrow Marlene O -- None Available
Omorrow Marlene -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Jessica Helen $341,838
Previous Owner Red Tail Capital Llc $213,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2019 06/14/19 Sold $359,830 0.0% $257 / Sq Ft
05/31/2019 05/31/19 Off Market $359,830 -- --
05/05/2019 05/05/19 Pending -- -- --
04/12/2019 04/12/19 For Sale $369,900 0.0% $264 / Sq Ft
03/31/2019 03/31/19 Pending -- -- --
03/08/2019 03/08/19 For Sale $369,900 0.0% $264 / Sq Ft
03/01/2019 03/01/19 Pending -- -- --
02/12/2019 02/12/19 Price Changed $369,900 -1.3% $264 / Sq Ft
01/23/2019 01/23/19 Price Changed $374,900 -3.6% $267 / Sq Ft
11/21/2018 11/21/18 For Sale $389,000 -- $277 / 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 $4,178 $400,277 $83,661 $316,616
2024 $4,178 $392,429 $82,021 $310,408
2023 $4,104 $384,735 $80,413 $304,322
2022 $4,062 $377,192 $78,837 $298,355
2021 $3,998 $369,797 $77,292 $292,505
2020 $3,940 $366,006 $76,500 $289,506
2019 $3,519 $315,000 $75,000 $240,000
2018 $1,730 $150,809 $30,457 $120,352
2017 $1,703 $147,853 $29,860 $117,993
2016 $1,669 $144,955 $29,275 $115,680
2015 $1,586 $142,780 $28,836 $113,944
2014 $1,586 $139,985 $28,272 $111,713
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Tahoe Association of REALTORS®

MLS Number: 130179

South Tahoe Association of REALTORS®

APN: 032-282-026-000