NOT LISTED FOR SALE

240 Sierra Crest Trail Olympic Valley, CA 96146

Estimated Value: $537,000 - $5,362,000

5 Beds
5.5 Baths
4,920 Sq Ft
$612/Sq Ft Est. Value

Last Sold October 05, 2016

Last sale price $3,250,000 $661 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $16,994/month

366 Days on Market

Highlights

  • Mountain View
  • Fireplace in Primary Bedroom
  • Great Room
  • Tahoe Lake Elementary School Rated A-
  • Mountain Architecture
  • 2 Car Attached Garage

About This Home

As of October 2016

This magnificent home is located in the Homesites at Squaw Creek private subdivision. This home has it all... 5 bedrooms, great room with an impressive stone fireplace, family room, exercise room, mediation room, sauna, relaxing outdoor living space with hot tub and fire pit. Features include peeled log details, beautiful masonry and gorgeous views of Squaw Valley. The lot next door is included in the asking price.

Last Agent to Sell the Property

Larry Lawrence

Lawrence Realty License #00478247 Listed on: 08/08/2015

Co-Listed By

Chiara Gajar

Lawrence Realty License #01250248

Last Buyer's Agent

Michael Oliver

Coldwell Banker No. Calif.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,957

Year Built

  • Built in 1998

Lot Details

  • 0.29

HOA Fees

  • $219 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Mountain
  • Meadow

Home Design

  • Mountain Architecture
  • Composition Roof

Interior Spaces

  • 4,920 Sq Ft Home
  • 3-Story Property
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Alarm System

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • 5.5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Radiant Heating System
  • Heating System Uses Propane
  • Utility District

Additional Features

  • Multiple Outdoor Decks
  • Lot Sloped Down

Community Details

  • $219 Other Monthly Fees
  • Squaw Valley Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,957

Year Built

Built in 1998

Lot Details

0

HOA Fees

$219 per month

Listing Details

  • Age: 15-20 Years
  • Alarm YN: y
  • Estimated Lot Size: .26 - .5
  • Community: Squaw Valley
  • Service Type: Full Service
  • Setting: Street
  • Sub-Area: 6SV
  • Sub-Status: Standard
  • Topography: Downslope, Gentle
  • Year Built: 1998
  • Sewer: Utility District
  • Estimated Sq Ft: ASSESSOR
  • Architecture: Mountain
  • Sign YN: y
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Heating: Propane, Radiant
  • Estimated Sq Ft: 4920
  • Stories: Three
  • Water Company: SVPSD
  • Gas: Propane
  • Water: Utility District
  • Appliances: Range, Oven, Microwave, Disposal, Dishwasher, Refrigerator, Washer, Dryer
  • Bonus Rooms: Family Room, Great Room
  • Fireplace: Living Room, Family Room, Master Bedroom
  • Furnished: None
  • Bathrooms: 5.5
  • Bedrooms: 5
  • Floor Coverings: Mixed

Exterior Features

  • View: Mountain, Ski Resort, Meadow
  • Roof: Composition
  • Decks: 3 or more
  • Construction Phase: FINISHED

Garage/Parking

  • Garage: Two
  • Garage/Parking: Attached

Utilities

  • Laundry: Room

Condo/Co-op/Association

  • HOA Fees: 658
  • HOA Fee Frequency: quarter
  • Other Dues Per: quarter
  • Other Dues Amount: 658

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2015
Closed on
Sep 29, 2016
Sold by
Magnussen Bo and Magnussen Heidi
Bought by
Torkelson Robert R and Torkelson Marie E
Seller's Agent
Larry Lawrence
Lawrence Realty
Buyer's Agent
Michael Oliver
Coldwell Banker No. Calif.
List Price
$4,495,000
Sold Price
$3,250,000
Premium/Discount to List
-$1,245,000
-27.7%
Current Estimated Value
$3,008,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$241,190
Avg. Annual Appreciation
-0.86%
Original Mortgage
$2,000,000
Outstanding Balance
$1,606,159
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$1,402,651

Purchase Details

Closed on
Nov 28, 2013
Sold by
Phelan Alicia M
Bought by
Phelan Darren D and Phelan Alicia M

Purchase Details

Closed on
Nov 19, 2013
Sold by
Magnussen Bernard L and Magnussen Bo
Bought by
Magnussen Bo and Magnussen Heidi

Purchase Details

Closed on
Sep 4, 2003
Sold by
Magnussen Bernard L and Magnussen Sandra R
Bought by
Magnussen Bernard L and Magnussen Sandra R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2003
Sold by
Magnussen Bernard L and Magnussen Sandra R
Bought by
Magnussen Bernard L and Magnussen Sandra R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 1997
Sold by
Lay John Marcus and Lay Kathaleen Donna
Bought by
Magnussen Bernard L and Magnussen Sandra R

Purchase Details

Closed on
Oct 23, 1996
Sold by
Jones Jeffrey W and Jones Ann Cheryl
Bought by
Lay John Marcus and Lay Kathaleen Donna
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Torkelson Robert R $3,250,000 First American Title Company
Phelan Darren D $9,091 None Available
Phelan Darren D -- None Available
Magnussen Bo $9,091 None Available
Phelan Alicia M -- None Available
Magnussen Bernard L $9,091 None Available
Magnussen Bo -- None Available
Magnussen Sandra R -- None Available
Phelan Alicia M -- None Available
Magnussen Bernard L -- Fidelity Title
Magnussen Bernard L -- Fidelity Title
Magnussen Bernard L -- Alliance Title
Magnussen Bernard L $265,000 Placer Title Company
Lay John Marcus $200,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torkelson Robert R $2,000,000
Previous Owner Magnussen Bernard L $335,000
Previous Owner Magnussen Bernard L $850,000
Previous Owner Magnussen Bernard L $2,000,000
Previous Owner Magnussen Sandra R $2,000,000
Previous Owner Magnussen Bernard L $900,000
Previous Owner Magnussen Bernard L $900,000
Previous Owner Magnussen Bernard L $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2016 10/05/16 Sold $3,250,000 -27.7% $661 / Sq Ft
08/08/2016 08/08/16 Pending -- -- --
08/08/2015 08/08/15 For Sale $4,495,000 -- $914 / 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 $4,957 $464,232 $464,232 --
2023 $4,957 $446,206 $446,206 $0
2022 $4,885 $437,457 $437,457 $0
2021 $4,699 $428,880 $428,880 $0
2020 $4,708 $424,483 $424,483 $0
2019 $4,759 $416,160 $416,160 $0
2018 $4,628 $408,000 $408,000 $0
2017 $4,544 $400,000 $400,000 $0
2016 $4,113 $357,432 $357,432 $0
2015 $4,034 $352,064 $352,064 $0
2014 $3,919 $345,168 $345,168 $0
Source: Public Records

Agents Affiliated with this Home

  • Larry Lawrence

    Seller's Agent in 2016

    Larry Lawrence

    Lawrence Realty

    (530) 583-1529

    110 in this area

    134 Total Sales

    Larry Lawrence
    Section Image
  • Chiara Gajar

    Seller Co-Listing Agent in 2016

    Chiara Gajar

    Lawrence Realty

    (530) 412-2233

    86 in this area

    93 Total Sales

    Chiara Gajar
    Section Image

  • M

    Buyer's Agent in 2016

    Michael Oliver

    Coldwell Banker No. Calif.

See All Agents

Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20153252

Tahoe Sierra Board of REALTORS®

APN: 096-590-015

California Placer County Olympic Valley 96146

240 Sierra Crest Trail, Olympic Valley, CA

This home is located at 240 Sierra Crest Trail, Olympic Valley, CA 96146 since 08 August 2015 and is currently estimated at $3,008,810, approximately $611 per square foot. This property was built in 1998. 240 Sierra Crest Trail is a home located in Placer County with nearby schools including Tahoe Lake Elementary School, North Tahoe School, and North Tahoe High School.

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