NOT LISTED FOR SALE
54 Beds
-- Bath
28,510 Sq Ft
1.1 Acre Lot

Sale Details

Date Sold: May 8, 2015

Last sale price $2,350,000 $82 Per Sq Ft

61 Days on Market

Highlights

  • 1.1 Acre Lot
  • Patio
  • High Speed Internet
  • Zephyr Cove Elementary School Rated A-
  • Laundry Facilities
  • Wood Siding

About This Home

As of May 2015

The 38 unit Nevada Royale Apartment complex is located in the heart of South Lake Tahoe situated on approximately 1.1 acres overlooking the historic Rabe Meadow. Located just a short distance to the casinos, Heavenly Valley Ski Area, shopping, golf, and restaurants. The complex consists of 3 separate, 2 story buildings. There is a laundry room, storage room, and office/more storage area. Each bulding has exterior decks, stairs, and walkways. The complex consists of 20 - one bedroom, one baths units, 16 - two bedroom, one baths units, and 2 studios. The one and two bedroom units are separately metered for gas and electricity. Studios are not separately metered and owner pays gas & electricity.

Last Agent to Sell the Property

Larry Finkel

Chase International SLT License #00492746 Listed on: 12/12/2014

Co-Listed By

Jenny Johnson

Sierra Sotheby's Int'l Realty License #01944081

Last Buyer's Agent

Member Non

Non Member Office

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $31,124

Year Built

  • Built in 1963

Lot Details

  • 1.1

Parking

  • 15 Parking Spaces

Home Design

  • Flat Roof Shape
  • Concrete Foundation
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 54 Bedrooms
  • 28,510 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Utilities

  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Patio
  • 1.1 Acre Lot

Community Details

Overview

  • 38 Units
  • Unavail Subdivision

Additional Features

  • Laundry Facilities
  • Gross Income $263,973

Property Details

Home Type

Apartment

Est. Annual Taxes

$31,124

Year Built

Built in 1963

Lot Details

1.1 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Apt Complx 13+ Units
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Year Built: 1963
  • Miscellaneous: Sep. Water Heater, Separate Heat/Cool, Tenant Pays Utlities
  • Directions: Hwy 50 to Kahle to property
  • OFFICELIST_STATE: NV
  • FILLSUBDIVISION: Unavail
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Windows: Single Pane
  • Bedrooms: 54
  • Laundry: Common
  • Price Per Square Foot: 82.43
  • Square Footage: 28510.00
  • Number Of Stories: Two Story

Exterior Features

  • Construction: Wood Frame, Wood Siding
  • Foundation: Concrete/Crawl Space, Concrete/Masonry
  • Roof: Flat
  • Exterior Features: Patio/Balcony

Garage/Parking

  • Number Grge Crprt: 15
  • Number Parking Spaces: 46.00

Utilities

  • Heating/Cooling: Natural Gas, Wall or Space Heater
  • Utilities: NaturalGasAvailable, City Water, City Sewer, Cable TV, High Speed Internet, Telephone
  • Water Heater: Electric

Lot Info

  • Acres: 1.1020
  • Lot Measurement: Acres
  • Lot Sq Ft: 48003.00
  • Price Per Acre: 2132486.39

Multi Family

  • Total Units: 38
  • Unit 10 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 11 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 12 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 13 Bedrooms Bathrooms: Studio with 1 Bath
  • Unit 14 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 15 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 16 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 17 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 18 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 19 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • First Unit Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 20 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 21 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 22 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 23 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 24 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 25 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 26 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 27 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 28 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 29 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 2 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 30 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 31 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 32 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 33 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 34 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 35 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 36 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 37 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 38 Bedrooms Bathrooms: Studio with 1 Bath
  • Unit 3 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 4 Unit Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 5 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 6 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 7 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 8 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 9 Unit Bedrooms Bathrooms: 1 Bed - 1 Bath

Tax Info

  • Taxes: 31124.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,637,732
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 12, 2014
Closed on
Apr 7, 2015
Sold by
Bought by
Seller's Agent
Larry Finkel
Chase International SLT
Buyer's Agent
Member Non
Non Member Office
List Price
$2,800,000
Sold Price
$2,350,000
Premium/Discount to List
-$450,000
-16.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 12, 2014
Closed on
Mar 13, 2015
Sold by
Bought by
Seller's Agent
Larry Finkel
Chase International SLT
Buyer's Agent
Member Non
Non Member Office
List Price
$2,800,000
Sold Price
$2,350,000
Premium/Discount to List
-$450,000
-16.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.73%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in State Line, NV

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title
-- First Americantitle Statelin
$2,350,000 First Amer Title Stateline
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,000,000
Previous Owner $1,200,000
Previous Owner $2,365,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/08/2015 05/08/15 Sold $2,350,000 -16.1% $82 / Sq Ft
02/11/2015 02/11/15 Pending -- -- --
12/12/2014 12/12/14 For Sale $2,800,000 -- $98 / Sq Ft
Source: South Tahoe Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $26,397 $782,136 $420,000 $362,136
2025 $24,897 $777,831 $420,000 $357,831
2024 $23,102 $768,506 $406,000 $362,506
2023 $23,102 $718,889 $406,000 $312,889
2022 $21,349 $664,515 $369,075 $295,440
2021 $19,767 $614,019 $336,700 $277,319
2020 $19,121 $605,107 $336,700 $268,407
2019 $18,463 $595,920 $336,700 $259,220
2018 $17,618 $571,348 $323,750 $247,598
2017 $33,346 $565,596 $323,750 $241,846
2016 $32,922 $496,682 $259,000 $237,682
2015 $32,856 $496,682 $259,000 $237,682
2014 $31,123 $476,073 $259,000 $217,073
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: South Tahoe Association of REALTORS®

MLS Number: 123460

South Tahoe Association of REALTORS®
Your Personal Tour Guide

Ask me questions while you tour the home.