Seller's Agent in 2024
Sue Daniels
Coldwell Banker Realty
(530) 210-0222
1 in this area
34 Total Sales
419 Spring St Nevada City, CA 95959
Estimated Value: $595,354
Studio
--
Bath
2,856
Sq Ft
$208/Sq Ft
Est. Value
Highlights
- City View
- Fenced
- 3-minute walk to Calanan Park
- Seven Hills Intermediate School Rated A-
About This Home
As of December 2024Easy to maintain and easy to operate in the charming and historic town of Nevada City. Located in the fabulous foothills of California and historic gateway to the Sierras, this commercial /mixed use complex at 419 Spring Steet in Nevada City, CA. exemplifies an investment owner’s dream: a-blend of historic charm with more current construction and functionality. Built in 1984, this well-maintained 2,856 sq ft (approx.) multi-tenant office building captures the timeless allure of Nevada City. Situated on a .06 acre city lot within the General Business/Historic District, this property has investment upside plus true pride of ownership. Enjoy close proximity to cultural events, restaurants, cafes, shopping, and this incredibly vibrant community. Known as the “Agar Building”, the owners have taken time to upgrade the property within the historic zoning regulations. The new owner can enjoy the benefit of the recent upgrades (including newly replaced exterior low maintenance product, fresh painting, several new windows and updated roof) that all reflect Nevada City's quaint style and historic architecture. This location with its flexible zoning allows for office, residential, hotel/motel, and much more. What makes 419 Spring St valuable is that it is mostly occupied with flexible term leases AND the sellers have reserved a vacant unit to allow a buyer to move in right away with their own business and ideas. Historic uses have included up to seven professional tenants, mostly served with long-term leases, who have made up a nice and diverse tenant mix. Whether you are a business owner looking for a new location, an entrepreneur with vision, or seeking steady income as an investor, 419 Spring St embodies Nevada City's enduring charm, inviting you to become part of its living history.
Last Agent to Sell the Property
Coldwell Banker Realty License #01066252 Listed on: 11/28/2023
Last Buyer's Agent
0 NON-MEMBER
NON Member
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 56x43
- Fenced
- Lot Sloped Down
Property Views
- City
- Mountain
Home Design
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- Restroom Available
- 2,856 Sq Ft Home
- 3-Story Property
Utilities
- Heating System Uses Natural Gas
- Utility District
Community Details
- Surroundingarea Community
- Gross Income $43,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 28, 2023
Closed on
Dec 18, 2024
Sold by
Legras 1993 Living Trust and Peltier Michelle Legras
Bought by
419 Spring St Llc
Seller's Agent
Sue Daniels
Coldwell Banker Realty
Buyer's Agent
0 NON-MEMBER
NON Member
List Price
$729,000
Sold Price
$600,000
Premium/Discount to List
-$129,000
-17.7%
Views
169
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,646
Avg. Annual Appreciation
-0.61%
Original Mortgage
$400,000
Outstanding Balance
$396,854
Interest Rate
6.79%
Mortgage Type
Seller Take Back
Estimated Equity
$198,500
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 419 Spring St Llc | $600,000 | Placer Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 419 Spring St Llc | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/20/2024 12/20/24 | Sold | $600,000 | -12.4% | $210 / Sq Ft |
| 11/14/2024 11/14/24 | Pending | -- | -- | -- |
| 05/08/2024 05/08/24 | Price Changed | $685,000 | -6.0% | $240 / Sq Ft |
| 11/28/2023 11/28/23 | For Sale | $729,000 | -- | $255 / Sq Ft |
Source: Tahoe Sierra Board of REALTORS®
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 | $6,174 | $600,000 | $150,000 | $450,000 |
| 2024 | $6,063 | $577,159 | $144,279 | $432,880 |
| 2023 | $6,063 | $565,843 | $141,450 | $424,393 |
| 2022 | $5,942 | $554,749 | $138,677 | $416,072 |
| 2021 | $5,808 | $543,872 | $135,958 | $407,914 |
| 2020 | $5,799 | $538,296 | $134,564 | $403,732 |
| 2019 | $5,685 | $527,742 | $131,926 | $395,816 |
| 2018 | $0 | $517,395 | $129,340 | $388,055 |
| 2017 | $5,475 | $507,251 | $126,804 | $380,447 |
| 2016 | $5,278 | $497,306 | $124,318 | $372,988 |
| 2015 | $5,206 | $489,837 | $122,451 | $367,386 |
| 2014 | $5,129 | $480,243 | $120,053 | $360,190 |
Source: Public Records
Agents Affiliated with this Home
-
Sue Daniels
-
0
Buyer's Agent in 2024
0 NON-MEMBER
NON Member
Map
Source: Tahoe Sierra Board of REALTORS®
MLS Number: 20232156
APN: 005-120-026-000
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