NOT LISTED FOR SALE

497 Tahoe Keys Blvd Unit 23 South Lake Tahoe, CA 96150

Estimated Value: $558,708 - $610,000

2 Beds
1.5 Baths
1,014 Sq Ft
$944/mo HOA Fee

Last Sold January 05, 2024

Last sale price $540,000 $533 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,309/month

99 Days on Market

Highlights

  • Boat Dock
  • Waterfront
  • Clubhouse
  • Boat or Launch Ramp
  • Mountain View
  • Deck

About This Home

As of January 2024

Best deal in the Keys! Wide water way for boat; best HOA; Views!!Attractive, contemporary townhome in this lovely Tahoe Keys Cove 5 location. Practically on the water and just a few steps to your boat dock with beautiful mountain/marina views. Enjoy open, bright luxury living in this modern living design. With some minor sprucing up, make this your dream escape at the lake. In recent years, the entire exterior has been updated with newer siding, rock-look wainscoting, and paver rock walkways. Enjoy all the amenities the Tahoe Keys has to offer including: boat dock, tennis courts, indoor and out door swimming pools, club house, private beach, and more.

Last Agent to Sell the Property

Maureen Leonard

RE/MAX Gold - SLT License #00825772 Listed on: 08/21/2023

RE/MAX Gold - SLT

Last Buyer's Agent

Maureen Leonard

RE/MAX Gold - SLT License #00825772 Listed on: 08/21/2023

RE/MAX Gold - SLT

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,999

Year Built

  • Built in 1975

Lot Details

  • Waterfront
  • Landscaped
  • Sprinkler System

HOA Fees

  • $944 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Additional Parking

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,014 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Double Pane Windows
  • Entrance Foyer
  • Combination Dining and Living Room
  • Mountain Views
  • Crawl Space
  • Laundry in Hall

Kitchen

  • Electric Range
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Boat or Launch Ramp
  • Docks
  • Deck
  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 022421024000

Community Details

Overview

  • Association fees include on site maintenance
  • Cove South C Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Boat Dock
  • Tennis Courts
  • Community Pool
  • Park

Additional Features

  • Clubhouse
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,999

Year Built

Built in 1975

Lot Details

0

HOA Fees

$944 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Subtype: Condominium
  • Location: Water Front
  • Additional Features: Garage Door Opener
  • Countertops: Laminate
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Stories: 2
  • Year Built: 1975
  • Directions: Highway 50 to Tahoe Keys Blvd
  • OFFICELIST_STATE: CA
  • FILLSUBDIVISION: Cove South C
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Covering: Carpet, Sheet Vinyl
  • Windows: Double Pane
  • Bedrooms: 2
  • Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Kitchen: Garbage Disposal, Dishwasher Built-in, Electric Range
  • Additional Rooms: Living/Dining Combo, Entry/Foyer, Upstairs Living
  • Fireplace Description: Open Fireplace
  • Laundry Location: Hall Closet
  • Price Per Square Foot: 532.54
  • Square Footage: 1014.00

Exterior Features

  • Construction: Wood Frame, Wood Siding
  • Exterior: Tennis Courts, Boat Dock
  • Foundation: Concrete/Crawl Space
  • Landscaped: Fully Landscaped
  • Patio Deck: Deck, Uncovered
  • Roof: Composition
  • Views: Mountains

Garage/Parking

  • Garage Type: Attached
  • Garage: 1.00

Utilities

  • Sprinklers: Full Sprinklers
  • Heating/Cooling: Forced Air, Natural Gas
  • Utilities: ElectricityAvailable, City Water, City Sewer
  • Water Heater: Natural Gas

Condo/Co-op/Association

  • HOA Fees: 2832.00
  • Hoa Amenities: Pool, Tennis, Club House, Additional Parking, Security, Dock, Boat Launch, Park
  • Hoa Fee Frequency: Quarterly
  • H O A Includes: On Site Maintenance

Association/Amenities

  • Entry Level Unit: 23

Lot Info

  • Acres: 0.0100
  • Lot Measurement: Square Feet
  • Lot Sq Ft: 436.00
  • Price Per Acre: 54000000.00

Tax Info

  • Assessor Parcel Number: 022421024000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2023
Closed on
Dec 14, 2023
Sold by
Diane C Martin Revocable Trust
Bought by
Mello Kevin Todd
Seller's Agent
Maureen Leonard
RE/MAX Gold - SLT
Buyer's Agent
Maureen Leonard
RE/MAX Gold - SLT
List Price
$650,000
Sold Price
$540,000
Premium/Discount to List
-$110,000
-16.92%
Views
372
Current Estimated Value
$578,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,177
Avg. Annual Appreciation
3.85%
Original Mortgage
$220,000
Outstanding Balance
$216,199
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$361,978

Purchase Details

Closed on
Oct 15, 2014
Sold by
Martin Diane Catherine
Bought by
Martin Diane C and Diane C Martin Revocable Trust

Purchase Details

Closed on
Sep 14, 2001
Sold by
Koffman Mark A and Koffman Antoinette
Bought by
Martin Diane Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,700
Interest Rate
6.99%

Purchase Details

Closed on
Nov 3, 1997
Sold by
Williams Milford and Williams Valeria
Bought by
Koffman Mark A and Koffman Antoinette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.33%

Purchase Details

Closed on
Mar 31, 1976
Sold by
Burnett Alva G and Burnett Vynette
Bought by
Kawasaki Allen and Nasu Yosh
Source: Public Records

Range of Values:

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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
Mello Kevin Todd $540,000 Old Republic Title
Mello Kevin Todd -- Old Republic Title
Martin Diane C -- None Available
Martin Diane Catherine $255,000 Old Republic Title Company
Koffman Mark A $125,000 Fidelity National Title
Kawasaki Allen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mello Kevin Todd $220,000
Previous Owner Martin Diane Catherine $200,700
Previous Owner Koffman Mark A $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2024 01/05/24 Sold $540,000 0.0% $533 / Sq Ft
01/01/2024 01/01/24 Off Market $540,000 -- --
11/28/2023 11/28/23 Pending -- -- --
10/12/2023 10/12/23 Price Changed $599,000 -4.2% $591 / Sq Ft
09/13/2023 09/13/23 Price Changed $625,000 -3.8% $616 / Sq Ft
08/21/2023 08/21/23 For Sale $650,000 -- $641 / Sq Ft
Source: South Tahoe Association 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 $3,999 $550,800 $127,500 $423,300
2024 $3,999 $368,570 $123,093 $245,477
2023 $3,924 $361,344 $120,680 $240,664
2022 $3,891 $354,260 $118,314 $235,946
2021 $3,832 $347,315 $115,995 $231,320
2020 $3,776 $343,755 $114,806 $228,949
2019 $3,758 $337,015 $112,555 $224,460
2018 $3,675 $330,408 $110,349 $220,059
2017 $3,617 $323,931 $108,186 $215,745
2016 $3,544 $317,580 $106,065 $211,515
2015 $3,506 $312,812 $104,473 $208,339
2014 $3,011 $273,500 $91,500 $182,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Tahoe Association of REALTORS®

MLS Number: 139260

South Tahoe Association of REALTORS®

APN: 022-421-024-000