NOT LISTED FOR SALE

501 Lakeshore Blvd Unit 50 Incline Village, NV 89451

Estimated Value: $2,182,944 - $3,033,000

3 Beds
4 Baths
1,890 Sq Ft
$478/mo HOA Fee

Last Sold August 20, 2020

Last sale price $2,000,000 $1,058 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $15,384/month

Highlights

  • Beach
  • Pier or Dock
  • Sauna
  • Incline High School Rated A-
  • Solar Heated Spa
  • Panoramic View

About This Home

As of August 2020

Water’s edge Incredible opportunity to live just feet from Lake Tahoe! It will be hard to click out of holiday mode while living in this beautiful lakefront condo. Wake up to a beautiful sunrise over the pristine blue water and take in the sunsets over the mountains from your private spa. Large decks off the living area and two of the three bedrooms. All bedrooms are en suite with an additional fourth full bath and indoor sauna. Watch the snow blow over the lake while cozying up to the fireplace in the great room. Fully remodeled modern kitchen with stainless appliances and granite countertops. With its warm sense of community, and only minutes to shops and restaurants this home provides all the elements for relaxing, comfortable and easy living. Come enjoy our Nevada tax advantages all while being in close proximity to the coast.

Last Agent to Sell the Property

Mary Kleingartner

Compass License #S.173864 Listed on: 11/07/2019

Compass

Co-Listed By

Taylor Curler

Engel & Volkers License #S.180791

Last Buyer's Agent

Kristi Fisher

Sierra Sotheby's International License #BS.33690

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,819

Year Built

  • Built in 1970

Lot Details

  • 1,307

HOA Fees

  • $478 Monthly HOA Fees

Property Views

  • Lake
  • Panoramic

Interior Spaces

  • 1,890 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Gas Fireplace
  • Combination Kitchen and Living
  • Sauna
  • Wood Flooring

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Marble Countertops
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Solar Heated Spa
  • Sloped Lot

Listing and Financial Details

  • Assessor Parcel Number 122-510-50

Community Details

Overview

  • Association fees include common areas, insurance, maintenance structure, sewer, snow removal, trash, water
  • Ipm Association

Recreation

  • Pier or Dock
  • Beach

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,819

Year Built

Built in 1970

Lot Details

0

HOA Fees

$478 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: CHASEI
  • Co List Office Phone: 775-831-7300
  • Building Stories: 2
  • Year Built: 1970
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Multi-Family
  • Spa Features: Hot Tub, OutdoorHot Tub, Sauna
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: One, Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Bookcases, Granite Counters, Kitchen/Family Room Combo, Marble Counters
  • Living Area: 1890.0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Topography: Sloping
  • View: Lake, Panoramic
  • View: Yes
  • Waterfront Features: Beach Access
  • Home Warranty: No

Utilities

  • Heating: Forced Air, Gas
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Beach Rights, Pier
  • Association Fee: 1435.0
  • Association Fee Frequency: Quarterly
  • Association Name: IPM
  • Association: Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Maintenance Structure, Sewer, Snow Removal, Trash, Water

Lot Info

  • Development Status: Resale/Previously Owned
  • Parcel #: 122-510-50
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6819.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2019
Closed on
Jul 8, 2020
Sold by
Arthur B Schultz Foundation
Bought by
Hampton Scott Henry and Cohen Jason W
Seller's Agent
Mary Kleingartner
Compass
Buyer's Agent
Kristi Fisher
Sierra Sotheby's International
List Price
$2,150,000
Sold Price
$2,000,000
Premium/Discount to List
-$150,000
-6.98%
Current Estimated Value
$2,703,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$703,315
Avg. Annual Appreciation
6.00%
Original Mortgage
$1,600,000
Outstanding Balance
$1,416,115
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,287,200

Purchase Details

Closed on
Aug 29, 2019
Sold by
Schultz Arthur B
Bought by
Arthur B Schultz Foundation

Purchase Details

Closed on
May 15, 1996
Sold by
Schultz Arthur B
Bought by
Schultz Arthur B

Purchase Details

Closed on
Mar 17, 1994
Sold by
Schultz Solveig T
Bought by
Schultz Arthur B

Purchase Details

Closed on
Mar 11, 1994
Sold by
Lee Susan Ruth
Bought by
Schultz Arthur B
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
Hampton Scott Henry $2,000,000 First Centennial Title Reno
Arthur B Schultz Foundation -- None Available
Schultz Arthur B -- --
Schultz Arthur B -- First American Title Company
Schultz Arthur B $534,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hampton Scott Henry $1,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2020 08/20/20 Sold $2,000,000 -7.0% $1,058 / Sq Ft
07/21/2020 07/21/20 Pending -- -- --
11/07/2019 11/07/19 For Sale $2,150,000 -- $1,138 / Sq Ft
Source: Incline Village 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 $7,394 $436,293 $403,375 $32,918
2024 $7,394 $383,876 $350,770 $33,106
2023 $7,197 $380,392 $350,770 $29,622
2022 $7,326 $376,123 $350,770 $25,353
2021 $7,339 $329,628 $305,025 $24,603
2020 $6,998 $317,661 $293,300 $24,361
2019 $6,819 $270,077 $243,775 $26,302
2018 $6,644 $247,163 $220,780 $26,383
2017 $6,475 $241,229 $214,340 $26,889
2016 $6,332 $223,730 $194,845 $28,885
2015 $6,321 $213,284 $185,570 $27,714
2014 $6,161 $225,578 $195,335 $30,243
2013 -- $179,932 $150,255 $29,677
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mary Kleingartner

    Compass

    (206) 604-1200

    40 in this area

    46 Total Sales

    Mary Kleingartner
    Section Image

  • T

    Seller Co-Listing Agent in 2020

    Taylor Curler

    Engel & Volkers

    (775) 470-1000

    2 in this area

    2 Total Sales

    Taylor Curler
    Section Image

  • K

    Buyer's Agent in 2020

    Kristi Fisher

    Sierra Sotheby's International

    (775) 843-9891

    56 in this area

    56 Total Sales

    Kristi Fisher
    Section Image
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Map

Source: Incline Village REALTORS®

MLS Number: 1006411

Incline Village REALTORS®

APN: 122-510-50

Nevada Washoe County Incline Village 89451

501 Lakeshore Blvd Unit 50, Incline Village, NV

This home is located at 501 Lakeshore Blvd Unit 50, Incline Village, NV 89451 since 07 November 2019 and is currently estimated at $2,703,315, approximately $1,430 per square foot. This property was built in 1970. 501 Lakeshore Blvd Unit 50 is a home located in Washoe County with nearby schools including Incline Elementary School, Incline Middle School, and Incline High School.

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Incline Village REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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