NOT LISTED FOR SALE

5140 Panorama Dr Lower Lake, CA 95457

9 Beds
10 Baths
8,340 Sq Ft
2.51 Acres

Last Sold May 05, 2023

Last sale price $1,550,000 $186 Per Sq Ft

89 Days on Market

Highlights

  • Lake Front
  • 2.51 Acre Lot
  • Fireplace in Primary Bedroom
  • Fishing
  • Community Lake
  • No HOA

About This Home

As of May 2023

“Lands End!” – Lakefront! A beautiful ~3,745 sq ft Gated Waterfront Gem nestled on 2 ½ + acres of solitude at the end of Lake Rd. This newer home with 3 bedrooms and 3 ½ baths has amazing craftsmanship and quality throughout. An elevator links the 1st floor with 2 bedrooms to the second-floor kitchen, family and living room and the penthouse floor which is a grand master suite & an art / hobby, reading room which could be a 4th bedroom, all with panoramic big water views. The property includes a duplex rental (not visible from the primary residence) at the top of the lot with each having ~ 2,239 sq ft, 3 bedrooms, 3 baths and 2 car garages, also with great lake views. One of the best sites on the lake for the Austin Park 4th of July fireworks! Potential galore, Primary residence, vacation home, Party Events, Airbnb, you name it! A gentle sloping path to the beach is the site of your potential new dream dock! This is a must see property!

Last Agent to Sell the Property

Cathy Snow

Snow Lakefront Properties License #00928511 Listed on: 08/23/2022

Last Buyer's Agent

Anne Mary Skeen

Country Air Properties License #02174912

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2005

Lot Details

  • 2.51 Acre Lot
  • Lake Front
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 8,340 Sq Ft Home
  • Elevator
  • Family Room with Fireplace
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Fireplace in Primary Bedroom
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Well
  • Engineered Septic

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 010033210000
  • $1 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Community Lake
  • Foothills

Recreation

  • Fishing
  • Water Sports
  • Hiking Trails

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $3,464
  • Operating Expense $3,464
  • Gross Income $48,000
  • Net Operating Income $97,000

Property Details

Home Type

Multi-Family

Year Built

Built in 2005

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 599667
  • Property Attached: Yes
  • Zoning: RR
  • Property Type: Residential Income
  • Parcel Number: 010033210000
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Elevator
  • Common Walls: 1 Common Wall
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Price Per Square Foot: 185.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Washer Hookup, Washer Included
  • Sewer: Engineered Septic
  • Water Source: Well
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Fishing, Foothills, Hiking, Lake, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 109393.00
  • Lot Size Acres: 2.5113

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average3 Bed Area: 2239 Square Feet
  • Gross Income: 48000.00
  • Gross Scheduled Income: 102000.00
  • Insurance Expense: 3464.00
  • Lot Size Area: 109393.0000 Square Feet
  • Net Operating Income: 97000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 5000.00
  • Rent Control: No
  • Total Expenses: 3464.00
  • Waterfront Features: Fishing in Community, Lake Front

Tax Info

  • Tax Census Tract: 9.01
  • TaxOtherAnnualAssessmentAmount: 1.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2023 05/05/23 Sold $1,550,000 -13.8% $186 / Sq Ft
11/20/2022 11/20/22 Pending -- -- --
08/23/2022 08/23/22 For Sale $1,799,000 0.0% $216 / Sq Ft
09/15/2021 09/15/21 Rented $2,000 0.0% --
08/24/2021 08/24/21 Price Changed $2,000 -9.1% $1 / Sq Ft
08/08/2021 08/08/21 Price Changed $2,200 -12.0% $1 / Sq Ft
07/26/2021 07/26/21 For Rent $2,500 +25.0% --
05/17/2021 05/17/21 Rented $2,000 0.0% --
05/12/2021 05/12/21 Under Contract -- -- --
04/16/2021 04/16/21 For Rent $2,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LC22186082

California Regional Multiple Listing Service (CRMLS)

APN: 010-033-21