$755,000
SOLD NOV 20, 2019

158 Observation Dr Tahoe City, CA 96145

3 Beds
2 Baths
1,541 Sq Ft
0.28 Acres

Recently Sold

$490 Per Sq Ft

1% Below List Price

13 Days on Market

Highlights

  • Community Beach Access
  • Pier
  • Mountain Architecture
  • North Tahoe School Rated A
  • View of Trees or Woods
  • Community Pool

About This Home

As of December 2020

Great Dollar Point value! This conveniently located home is situated on a level lot with a large fenced yard. The vaulted ceilings, abundance of windows, and large master loft bedroom give this home a cozy yet open feel. This property is just a few doors down from some of the fabulous Dollar Point amenities, including the pool, tennis courts, bocce and picnic areas. The association beach, pier and buoy field are a short distance away. As of 9/23/19, this is the lowest priced home in DP by $128,000.

Last Agent to Sell the Property

Bill Dietz

Tahoe Luxury Properties License #01431063 Listed on: 09/23/2019

Last Buyer's Agent

Robert Ormsby

Ormsby Real Estate License #01224276

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,715

Year Built

  • Built in 1974

Lot Details

  • 0.28 Acre Lot
  • Level Lot

HOA Fees

  • $82 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Mountain Architecture
  • Composition Roof

Interior Spaces

  • 1,541 Sq Ft Home
  • 2-Story Property
  • Furniture Can Be Negotiated
  • Carpet
  • Views of Woods

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in Hall
  • Washer

Outdoor Features

  • Pier

Utilities

  • Hydronic Heating System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Utility District

Community Details

Overview

  • $2,550 HOA Transfer Fee
  • Tahoe City Community

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,715

Year Built

Built in 1974

Lot Details

0

HOA Fees

$82 per month

Listing Details

  • Age: 40+ Years
  • Estimated Lot Size: .26 - .5
  • Community: Tahoe City
  • Directions: Dollar Drive, right on Observation, house on left.
  • Number of Acres: 0.281
  • Optional Financing: Cash To New Loan
  • Service Type: Full Service
  • Setting: Street
  • Sub-Area: 3NR
  • Sub-Status: Standard
  • Topography: Level
  • Year Built: 1974
  • Other: High Ceilings, Phone, Cable TV
  • Sewer: Utility District
  • Estimated Sq Ft: ASSESSOR
  • Architecture: Mountain
  • Property Condition: Used
  • Sign YN: y
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Heating: Natural Gas, Baseboard, Hydronic
  • Estimated Sq Ft: 1541
  • Stories: Two
  • Gas: Natural
  • Water: Utility District
  • Appliances: Range, Oven, Dishwasher, Refrigerator, Washer
  • Fireplace: Family Room
  • Furnished: Negotiable
  • Bathrooms: 2
  • Bedrooms: 3
  • Floor Coverings: Carpet

Exterior Features

  • View: Wooded
  • Construction Exterior: Framed
  • Waterfront Amenities: Buoy, Buoy Permitted, Buoy Limited, Pier, Shared Pier
  • Roof: Composition
  • Construction Phase: FINISHED

Garage/Parking

  • Garage: None

Utilities

  • Laundry: Hall

Condo/Co-op/Association

  • HOA Amenities: Beach Access, Pool, Tennis Courts
  • HOA Fees: 980
  • HOA Fee Frequency: Y
  • HOA Transfer Fee: 2550
  • HOA Membership: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2020
Closed on
Nov 13, 2020
Sold by
Jones Gregory F
Bought by
Ghaffary Michael and Ghaffary Sophia Yang
Seller's Agent
Robert Ormsby
Ormsby Real Estate
Buyer's Agent
Robert Ormsby
Ormsby Real Estate
List Price
$1,300,000
Sold Price
$1,225,000
Premium/Discount to List
-$75,000
-5.77%
Current Estimated Value
$1,480,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,810
Avg. Annual Appreciation
4.06%
Original Mortgage
$796,250
Outstanding Balance
$711,775
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$769,035

Purchase Details

Listed on
Sep 23, 2019
Closed on
Nov 15, 2019
Sold by
Horcajo John D and Horcajo Susan C
Bought by
Jones Gregory F
Seller's Agent
Bill Dietz
Tahoe Luxury Properties
Buyer's Agent
Robert Ormsby
Ormsby Real Estate
List Price
$760,000
Sold Price
$755,000
Premium/Discount to List
-$5,000
-0.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.98%

Purchase Details

Closed on
Aug 27, 2006
Sold by
Horcajo John D and Horcajo Susan C
Bought by
Horcajo John D and Horcajo Susan C

Purchase Details

Closed on
Jun 23, 1998
Sold by
Lloyd John R and Lloyd Marguerite T
Bought by
Horcajo John and Horcajo Susan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.06%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,225,000 Placer Title Company
Grant Deed $755,000 First American Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $230,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $796,250 New Conventional
Previous Owner $15,000 Credit Line Revolving
Previous Owner $155,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2020 12/01/20 Sold $1,225,000 -5.8% $795 / Sq Ft
10/18/2020 10/18/20 Pending -- -- --
10/15/2020 10/15/20 For Sale $1,300,000 +72.2% $844 / Sq Ft
11/20/2019 11/20/19 Sold $755,000 -0.7% $490 / Sq Ft
10/06/2019 10/06/19 Pending -- -- --
09/23/2019 09/23/19 For Sale $760,000 -- $493 / Sq Ft
Source: Tahoe Sierra Board 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 $14,715 $1,325,977 $703,580 $622,397
2023 $14,715 $1,274,490 $676,260 $598,230
2022 $14,322 $1,249,500 $663,000 $586,500
2021 $13,779 $1,225,000 $650,000 $575,000
2020 $8,889 $755,000 $450,000 $305,000
2019 $4,284 $323,217 $98,367 $224,850
2018 $3,863 $316,881 $96,439 $220,442
2017 $3,789 $310,669 $94,549 $216,120
2016 $3,742 $304,579 $92,696 $211,883
2015 $3,667 $300,005 $91,304 $208,701
2014 $3,563 $294,129 $89,516 $204,613
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20192683

Tahoe Sierra Board of REALTORS®

APN: 093-111-002