NOT LISTED FOR SALE
6 Beds
4 Baths
2,430 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: November 25, 2020

Last sale price $425,000 $175 Per Sq Ft

139 Days on Market

Highlights

  • Double Pane Windows
  • 2 Car Garage
  • 1-Story Property

About This Home

As of November 2020

Huge price reduction! Calling all Investor/Contractors - you will not find a better opportunity to add value and secure a terrific revenue stream! This Lake of the Pines duplex represents an exceptional investment opportunity to own rental income property in one of the most beautiful and sought-after membership communities in the Sierra Foothills. Seller is motivated and price reduction is offered in lieu of repairs. Put in some sweat equity and you'll have an amazing revenue generating property that will increase in value as Bay Area transplants head to the foothills. This duplex offers two units each with 3 bedrooms/2 baths and a 2-car garage (1215 SF +/-). This investment offers excellent current cash flow along with a huge financial upside by completing the approved condo conversion and selling the units individually. All inspection reports are available and must be reviewed before submitting an offer. This is an As-Is sale. Move quickly, this won't last!

Last Agent to Sell the Property

Cynthia Hillery

Compass License #01894523 Listed on: 06/26/2020

Compass

Last Buyer's Agent

John Notman

Notman Real Estate Group License #01407756

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,652

Year Built

  • Built in 1985

Lot Details

  • 12,197 Sq Ft Lot

HOA Fees

  • $248 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 021-740-017-000

Community Details

Overview

  • 2 Units
  • Lake Of The Pines Association, Phone Number (530) 268-1141
  • Lone Pine Estates Subdivision

Building Details

  • 2 Units Leased Month-To-Month
  • Net Operating Income $25,249

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,652

Year Built

Built in 1985

Lot Details

0.28 Acres

HOA Fees

$248 per month

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1985
  • Architectural Style: Contemporary,Tract
  • Stories: 1
  • Subdivision: Lone Pine Estates
  • Number of Three Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Disposal,Free Standing Electric Range,Gas Cook Top,Gas Water Heater,Microwave
  • Flooring: Carpet,Linoleum/Vinyl
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Wood
  • Disclosures/Documents: Assessments,Association Docs,Association Dues,CC&Rs,Rental/Lease Agmts
  • Foundation: Raised
  • Listing Price: 425000.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 4
  • Covered Parking Spaces: 4
  • Garage Spaces: 2
  • Parking Features: Garage

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Cable Connected,Internet Available
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central,Propane
  • Water Source: Public

Condo/Co-op/Association

  • Association Features: Barbeque,Club House,Playground,Pool Heated,Tennis Courts
  • Association Fee: 248
  • Association Fee Frequency: Monthly
  • Association Name: Lake of the Pines Association
  • Association Phone: (530) 268-1141
  • Association: Yes

Schools

  • Senior High School District: Nevada Joint Union

Lot Info

  • Zoning Description: R2-PD Med denx, mulit fam, planned devel
  • Lot Size Acres: 0.2800
  • Lot Size Sq Ft: 12197

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • Units Furnished: None
  • Gross Income Multiplier: 12.720

Tax Info

  • Assessor Parcel Number: 021-740-017-000
  • Current RE Taxes: 4652
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Nevada

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
Feb 17, 2021
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
$210,000
Outstanding Balance
$183,738
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 26, 2020
Closed on
Nov 18, 2020
Sold by
Bought by
Seller's Agent
Cynthia Hillery
Compass
Buyer's Agent
John Notman
Notman Real Estate Group
List Price
$425,000
Sold Price
$425,000

Purchase Details

Closed on
Aug 10, 2020
Sold by
Bought by

Purchase Details

Closed on
Dec 8, 2004
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
$341,250
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2002
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
$214,000
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 4, 2002
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
$214,000
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage
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
-- Old Republic Title Company
-- Old Republic Title Company
$425,000 Placer Title Company
-- Accommodation
$455,000 Placer Title Company
-- First American Title
$359,500 First American Title
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 $210,000
Previous Owner $341,250
Previous Owner $214,000
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
11/25/2020 11/25/20 Sold $425,000 0.0% $175 / Sq Ft
11/12/2020 11/12/20 Pending -- -- --
11/06/2020 11/06/20 Price Changed $425,000 0.0% $175 / Sq Ft
11/06/2020 11/06/20 For Sale $425,000 0.0% $175 / Sq Ft
11/05/2020 11/05/20 Off Market $425,000 -- --
10/01/2020 10/01/20 Pending -- -- --
09/30/2020 09/30/20 Off Market $425,000 -- --
08/05/2020 08/05/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $458,000 0.0% $188 / Sq Ft
07/08/2020 07/08/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $458,000 -- $188 / Sq Ft
Source: MetroList

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 $7,001 $469,230 $88,324 $380,906
2025 $6,898 $460,031 $86,593 $373,438
2024 $6,632 $451,012 $84,896 $366,116
2023 $6,632 $442,170 $83,232 $358,938
2022 $6,264 $433,500 $81,600 $351,900
2021 $5,902 $425,000 $80,000 $345,000
2020 $4,697 $327,800 $82,500 $245,300
2019 $4,652 $321,400 $80,900 $240,500
2018 $0 $306,000 $77,000 $229,000
2017 $4,255 $283,300 $71,300 $212,000
2016 $3,887 $252,700 $63,700 $189,000
2015 $3,722 $236,500 $59,500 $177,000
2014 $3,511 $215,100 $54,100 $161,000
Source: Public Records

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Map

Source: MetroList

MLS Number: 20035813

MetroList

APN: 21-740-17

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