NOT LISTED FOR SALE

2218 Old Mammoth Rd Unit 16 Mammoth Lakes, CA 93546

Estimated Value: $790,000 - $1,387,000

7 Beds
3 Baths
-- Sq Ft
0.29 Acres

Last Sold October 10, 2020

Last sale price $587,000

Est. 89% increase in value since last sale

Current estimated payment $6,464/month

Highlights

  • Wood Burning Stove
  • Living Room with Fireplace
  • Wooded Lot
  • Mammoth High School Rated A-
  • Stream or River on Lot
  • Balcony

About This Home

As of October 2020

Duplex in Old Mammoth with mature aspen trees and Mill Creek running through a very private and forested back yard. This is a unique setting for Mammoth Lakes and could likely afford plenty of room to add a garage (feasibility of a garage to be determined through buyer investigation). Live in one side and rent the other, or purchase as an investment property. Property is zoned Rural Residential and does not permit nightly rentals. Unit A (east side) has 5 bedrooms and 2 bathrooms. Unit B (West side) has 2 bedroom and 1 bathrooms. Unit B's kitchen has been upgraded in recent years. Both units are now rented and on a month to month basis, from what was longer term lease. Each unit has a large basement offering extensive storage and laundry (Approx 3,000 square feet). Basement can be accessed from interior stairs or exterior of each unit. Closets for two of the upstairs bedrooms of Unit A are located in the upstairs hallway vs. in the bedrooms themselves. The duplex use is a legal non-conforming use with acknowledgement from the Town of Mammoth Lakes that the residential units can be rebuilt in the event they are destroyed (see attached). Current rent for the 2 bedroom is $1,300. Rent for the 5 bedroom is $1,850. Rents are considered to be substantially below market and were kept this way to prevent turnover for the out of area owner.

Last Agent to Sell the Property

Matthew Lehman

Matthew Lehman Real Estate License #01149776 Listed on: 06/19/2020

Last Buyer's Agent

Celia Stewart

Mammoth Realty Group, Inc. License #01141058

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,109

Year Built

  • Built in 1970

Lot Details

  • South Facing Home
  • Level Lot
  • Wooded Lot
  • Landscaped with Trees

Home Design

  • Duplex
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Multiple Fireplaces
  • Wood Burning Stove
  • Double Pane Windows
  • Vinyl Clad Windows
  • Living Room with Fireplace
  • Carpet
  • Fire and Smoke Detector

Kitchen

  • Gas Oven or Range
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Stream or River on Lot
  • Balcony

Utilities

  • Forced Air Heating System
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Propane
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 022-233-020-000

Community Details

Overview

  • 2 Units
  • Mammoth Camp Tract I Subdivision

Building Details

  • Other Expense $42
  • Trash Expense $21
  • Water Sewer Expense $75
  • Gross Income $37,800
  • Net Operating Income $28,395

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,109

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY, MULTI-FAMILY
  • Type: Duplex, Duplex
  • Orientation: South, South
  • Year Built: 1970, 1970
  • Stories: 2, 2
  • FILLSUBDIVISION: Mammoth Camp Tract I, Mammoth Camp Tract I
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Garbage Disposal, Gas Range/Oven, Washer, Dryer, Dishwasher, Garbage Disposal, Gas Range/Oven, Washer, Dryer
  • Interior Amenities: Carpet, Smoke Detector, Carpet, Smoke Detector
  • Windows: Double Pane, Vinyl Clad, Double Pane, Vinyl Clad
  • Laundry: Basement, Basement
  • Fireplace: Two, Wood Stove, In Living Room, Two, Wood Stove, In Living Room
  • Price Per Sq Ft: 220.01, 220.01

Exterior Features

  • Landscaping: Trees, Trees
  • Ext Amenities: Paved Street, Stream, Paved Street, Stream
  • Exterior: Frame, Wood Siding, Frame, Wood Siding
  • Porch Patio: Open Balcony, Open Balcony
  • Roof: Metal, Metal

Utilities

  • Gas: Propane, Propane
  • Heating: Propane, Wood, Forced Air, Propane, Wood, Forced Air
  • Sewer: Public Sewer, Public Sewer
  • Water Heater: Gas, Gas
  • Water Supply: Public Water, Public Water
  • Electric Expense: tenant, tenant
  • Water Expenses: 75, 75

Fee Information

  • Gas Expense: tenant, tenant
  • Misc Expense: 42, 42
  • Trash Expense: 21, 21

Lot Info

  • Lot Description: Wooded Lot, Level, Wooded Lot, Level
  • Lot Unit: 16, 16
  • Zoning: RR, RR
  • Geo Subdivision: CA, CA

Tax Info

  • Assessor Parcel Number: 022-233-020-000, 022-233-020-000

Multi Family

  • Number Of Units: 2, 2
  • Gross Annual Income: 37800, 37800
  • Net Annual Income: 28395, 28395
  • Number Of Rooms: 6, 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2020
Closed on
Sep 17, 2020
Sold by
Diller David J
Bought by
Bourne Eric
Seller's Agent
Matthew Lehman
Matthew Lehman Real Estate
Buyer's Agent
Celia Stewart
Mammoth Realty Group, Inc.
List Price
$649,000
Sold Price
$587,000
Premium/Discount to List
-$62,000
-9.55%
Current Estimated Value
$1,107,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$520,484
Avg. Annual Appreciation
13.51%
Original Mortgage
$469,600
Outstanding Balance
$416,739
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$690,745
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
Bourne Eric $587,000 Inyo Mono Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bourne Eric $469,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2020 10/10/20 Sold $587,000 -9.6% --
09/05/2020 09/05/20 For Sale $649,000 0.0% --
08/13/2020 08/13/20 Pending -- -- --
08/07/2020 08/07/20 Pending -- -- --
06/29/2020 06/29/20 Price Changed $649,000 -5.8% --
06/19/2020 06/19/20 For Sale $689,000 -- --
Source: Mammoth Lakes Board of REALTORS® MLS

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
2024 $7,109 $627,927 $191,017 $436,910
2023 $7,109 $616,214 $187,272 $428,942
2022 $6,971 $598,740 $183,600 $415,140
2021 $6,777 $587,000 $180,000 $407,000
2020 $5,426 $466,662 $270,154 $196,508
2019 $5,306 $457,512 $264,857 $192,655
2018 $5,352 $448,542 $259,664 $188,878
2017 $4,948 $439,748 $254,573 $185,175
2016 $4,866 $431,127 $249,582 $181,545
2015 $4,844 $424,653 $245,834 $178,819
2014 $4,768 $416,336 $241,019 $175,317
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mammoth Lakes Board of REALTORS® MLS

MLS Number: 200452

Mammoth Lakes Board of REALTORS® MLS

APN: 022-233-020-000