NOT LISTED FOR SALE

Estimated Value: $3,807,000 - $4,385,424

4 Beds
4.5 Baths
4,532 Sq Ft
$914/Sq Ft Est. Value

Sale Details

Date Sold: September 16, 2024

Last sale price $4,750,000 $1,048 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $26,770 / mo

40 Days on Market

Highlights

  • View of Trees or Woods
  • Heated Floors
  • Recreation Room
  • Tahoe Lake Elementary School Rated A-
  • Living Room with Fireplace
  • Mountain Architecture

About This Home

As of September 2024

Luxurious mountain living meets unparalleled convenience at 1509 Lanny Lane, situated in Olympic Valley’s most desirable location just seconds to Palisades Tahoe. Crafted by esteemed builder Billy Carini, this property is a testament to quality construction with impeccable design, courtesy of Ward Young Architecture. Upon entering, stone floors lead you to the expansive great room that showcases soaring wood-beamed ceilings and rich hickory hardwood floors. The living room is anchored by a wood-burning stone-facade fireplace, and seamlessly merges with the chef’s kitchen, boasting a curved center island, top-tier appliances, custom cabinetry, a pantry, and breakfast nook. Massive windows and sliding glass doors lead to a large deck, and frame the stunning views of Tram Face and KT22/The Fingers. The primary suite, located on the main level, offers a balcony, walk-in closet, and spa-like bath complete with a sauna. Downstairs, 3 additional bedrooms, 3 bathrooms, and an office area provide ample space for friends and family to have their privacy. When game night rolls around, the recreation room is where it’s at, with a pool table, foosball, TV area, and wet bar, and direct access to the covered hot tub that sits next to an original KT22 lift chair. Recent upgrades in 2023 include new decks, refurbished copper gutters, a new boiler and water storage tank, new SubZero refrigerators, new washer and dryer, and driveway sealing. Additional luxuries abound, with a heated two car garage, under-stone heating in the front walkway, built-in dog washing tub, undergrounded utilities, a 1,000 gallon underground propane tank, a fully landscaped yard, and a circular driveway with two additional parking spaces. Experience seamless winter access to Palisades Tahoe, where adventure awaits just moments from your doorstep - leave your car behind!

Last Agent to Sell the Property

Jamison Blair

COMPASS License #01246366 Listed on: 07/16/2024

COMPASS

Last Buyer's Agent

Michael Montalbano

Tahoe Mountain Realty License #01976855

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1999

Lot Details

  • 16,988 Sq Ft Lot
  • Lot Sloped Down

Property Views

  • Woods
  • Mountain

Home Design

  • Mountain Architecture
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,532 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Mud Room
  • Great Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Alarm System

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Heated Floors
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Parking Pad
  • Insulated Garage

Additional Features

  • Multiple Outdoor Decks
  • Utility District

Community Details

  • Olympic Valley Community

Home Details

Home Type

Single Family

Year Built

Built in 1999

Lot Details

0.39 Acres

Listing Details

  • Age: 20+ Years
  • Alarm YN: Y
  • Estimated Lot Size: .76 - 1.50
  • Community: Olympic Valley
  • Directions: Take Olympic Valley Road to Eric Rd, turn left on Lanny Ln
  • Number of Acres: 0.39
  • Service Type: Full Service
  • Setting: Street
  • Sub-Area: 6SV
  • Sub-Status: Standard
  • Topography: Downslope, Gentle
  • Year Built: 1999
  • Other: Pantry, High Ceilings, Landscaping, Hot Tub, Sauna
  • Sewer: Utility District
  • Estimated Sq Ft: ASSESSOR
  • Architecture: Mountain
  • Gated: No
  • Out Buildings: No
  • Property Condition: Like New
  • Security: Alarm System
  • Sign YN: Y
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Heating: CFAH, In Floor
  • Estimated Sq Ft: 4532
  • Stories: Two
  • Gas: Propane
  • Water: Utility District
  • Appliances: Range, Oven, Disposal, Dishwasher, Refrigerator, Washer, Dryer, Other
  • Bonus Rooms: Great Room, Office, Rec Room, Formal Dining, Mud Room
  • Fireplace: Living Room
  • Furnished: Mostly
  • Bedrooms: 4
  • Floor Coverings: Carpet, Stone, Wood
  • FullBaths: 4
  • Main Floor Half Bathrooms: 1

Exterior Features

  • View: Wooded, Mountain, Ski Resort
  • Construction Exterior: Wooded
  • Foundation: Perim Concrete
  • Roof: Composition
  • Decks: 3 or more
  • Construction Phase: FINISHED

Garage/Parking

  • Garage: Two
  • Garage/Parking: Attached, Insulated, Parking Pad

Utilities

  • Laundry: Room

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

Listed on
Jul 16, 2024
Closed on
Sep 10, 2024
Sold by
Gary And Barbara Tolman 2009 Living Trus and Tolman Gary C
Bought by
Seller's Agent
Jamison Blair
COMPASS
Buyer's Agent
Michael Montalbano
Tahoe Mountain Realty
List Price
$4,250,000
Sold Price
$4,750,000
Premium/Discount to List
$500,000
11.76%
Views
5
Current Estimated Value
$4,174,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$575,990
Avg. Annual Appreciation
-6.72%

Purchase Details

Closed on
Apr 27, 2009
Sold by
Tolman Gary C and Tolman Barbara A
Bought by
Tolman Gary C and Tolman Barbara

Purchase Details

Closed on
May 1, 1995
Sold by
Fox Malcolm and Fox Patricia H
Bought by
Fox Malcolm and Fox Patricia H
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$4,750,000 Placer Title
Tolman Gary C -- None Available
Fox Malcolm -- --
Fox Malcolm -- --
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
Previous Owner $150,000
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
09/16/2024 09/16/24 Sold $4,750,000 +11.8% $1,048 / Sq Ft
08/25/2024 08/25/24 Pending -- -- --
07/16/2024 07/16/24 For Sale $4,250,000 -- $938 / Sq Ft
Source: Tahoe Sierra Board 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 $44,880 $4,233,000 $663,000 $3,570,000
2025 $19,495 $4,150,000 $650,000 $3,500,000
2023 $19,495 $1,750,662 $302,330 $1,448,332
2022 $19,045 $1,716,336 $296,402 $1,419,934
2021 $18,314 $1,682,684 $290,591 $1,392,093
2020 $18,351 $1,665,431 $287,612 $1,377,819
2019 $18,551 $1,632,776 $281,973 $1,350,803
2018 $17,767 $1,600,762 $276,445 $1,324,317
2017 $17,436 $1,569,375 $271,025 $1,298,350
2016 $17,261 $1,538,604 $265,711 $1,272,893
2015 $16,919 $1,515,493 $261,720 $1,253,773
2014 $16,424 $1,485,808 $256,594 $1,229,214
Source: Public Records

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Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20241478

Tahoe Sierra Board of REALTORS®

APN: 096-122-009

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