NOT LISTED FOR SALE

551 Silvertip Dr Incline Village, NV 89451

Estimated Value: $1,729,000 - $6,561,000

5 Beds
7 Baths
7,322 Sq Ft
$642/Sq Ft Est. Value

Last Sold February 29, 2012

Last sale price $3,000,000 $410 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $28,741/month

33 Days on Market

Highlights

  • Views of Ski Resort
  • Heated Driveway
  • Fireplace in Primary Bedroom
  • Incline High School Rated A-
  • Two Primary Bedrooms
  • Deck

About This Home

As of February 2012

Spectacular quality custom construction with panoramic Lake Tahoe views. High end finishes in stone, knotty alder and slate. Chef's kitchen with professional grade appliances. Flowing great room concept and multiple decks and patios to enjoy Lake Tahoe year round. Wine room, additional family room with fireplace, tile roof, heated driveway, 3 car garage. 3 fireplaces. Five bedrooms plus 5 full & 2 half baths. No stone has been left unturned in this awesome home. This home is offered fully furnished., Security system. Designer furnishings included in purchase price. Full Incline Village homeowners recreational amenities included (Burnt Cedar sandy beach, boat launch and club house). Possible seller financing or lease option.

Last Agent to Sell the Property

Linda Averett

RE/MAX Gold License #S.45278 Listed on: 01/09/2012

RE/MAX Gold

Last Buyer's Agent

Linda Averett

RE/MAX Gold License #S.45278 Listed on: 01/09/2012

RE/MAX Gold

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,546

Year Built

  • Built in 2005

Lot Details

  • 0.48 Acre Lot
  • Landscaped
  • Lot Sloped Down
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Heated Driveway

Property Views

  • Ski Resort
  • Woods
  • Mountain

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stick Built Home
  • Stucco

Interior Spaces

  • 7,322 Sq Ft Home
  • 3-Story Property
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Drapes & Rods
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Dining Room with Fireplace
  • 2 Fireplaces
  • Home Office
  • Library
  • Recreation Room
  • Game Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Walk-In Closet
  • Dual Sinks
  • Jetted Tub in Primary Bathroom
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry
  • Laundry Cabinets
  • Shelves in Laundry Area

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Outdoor Features

  • Lake, Pond or Stream
  • Deck
  • Patio
  • Built-In Barbecue

Schools

  • Incline Elementary School
  • Incline Village Middle School
  • Incline Village High School

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Lease Option
  • Assessor Parcel Number 12211303

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,546

Year Built

Built in 2005

Lot Details

0

Parking

3

Listing Details

  • Year Built: 2005
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: No
  • Lot Features: Landscaped, Sloped Down
  • Lot Size Acres: 0.48
  • Road Frontage Type: Other
  • Has View?: Yes
  • Security Features: Security System Owned, Smoke Detector(s)
  • Association Amenities: None
  • Has H O A?: No
  • Co List Office Mls Id: 1514-o
  • Co List Office Phone: 775-787-3629
  • Directions: Tahoe Blvd to Ponderosa to Silvertip
  • Has Fireplace?: Yes
  • Living Area: 7322.0
  • Property Attached Yn: No
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Incline
  • Tax Legal Middle Or Junior School2: Incline Village
  • Tax Legal High School: Incline Village
  • Tax Legal Tax Annual Amount: 30546.0
  • Tax Legal Zoning4: Residential
  • Association Community Association Y N3: No
  • Building Stories5: 3
  • Building Property Attached Y N: No
  • Building Home Warranty Y N: Yes
  • Lot Lot Size Acres2: 0.48
  • Lot Lot Size Square Feet2: 20908.8
  • Lot Horse Y N2: No
  • Lot View Y N2: Yes
  • Lot Features Landscaped: Yes
  • Lot Features Sloped Down: Yes
  • Foundation Details Slab: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Sprinklers Front: Yes
  • Sprinklers Rear: Yes
  • Typeof Construction Site Stick- Built: Yes
  • Water Rights Water Rights Y N: No
  • Appliances Dishwasher: Yes
  • Appliances Disposal: Yes
  • Appliances Dryer: Yes
  • Appliances Washer: Yes
  • Outdoor Living Spaces Deck3: Yes
  • Outdoor Living Spaces Patio2: Yes
  • Security Features Smoke Detector(s): Yes
  • Sprinklers Drip System In Front: Yes
  • View Mountain(s): Yes
  • Appliances Microwave: Yes
  • Water Heater Gas5: Yes
  • Construction Materials Stucco: Yes
  • Fireplace Features Gas Log: Yes
  • Sprinklers Automatic: Yes
  • Security Features Security System Owned: Yes
  • Appliances Trash Compactor: Yes
  • Other Rooms Office Den: Yes
  • View Trees Woods: Yes
  • Other Rooms Game Room3: Yes
  • Other Rooms Entrance Foyer2: Yes
  • Construction Materials Stone: Yes
  • Water Body Type Lake2: Yes
  • Water Body View Yes2: Yes
  • View Skirt: Yes
  • Listing Terms Lease Option: Yes
  • Other Rooms Mud Room: Yes
  • Other Rooms Recreation Room4: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Trash Compactor, Washer
  • Flooring: Carpet, Stone, Wood
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Gas Log
  • Fireplaces: 2
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), High Ceilings, Kitchen Island, Pantry, Walk-In Closet(s)
  • Window Features: Blinds, Double Pane Windows, Drapes
  • Interior Bathrooms Half: 2
  • Interior Living Area4: 7322.0
  • Interior Fireplace Y N: Yes
  • Flooring Carpet: Yes
  • Interior Features High Ceilings: Yes
  • Interior Features Breakfast Bar: Yes
  • Window Features Double Pane Windows: Yes
  • Kitchen Features Breakfast Bar2: Yes
  • Window Features Blinds: Yes
  • Window Features Drapes: Yes
  • Primary Bedroom Features Double Sinks: Yes
  • Interior Fireplaces Total2: 2.0
  • Primary Bedroom Features Shower Stall: Yes
  • Flooring Wood: Yes
  • Laundry Features Cabinets2: Yes
  • Laundry Features Laundry Area: Yes
  • Laundry Features Laundry Room: Yes
  • Living Room Features Great Room3: Yes
  • Dining Room Features High Ceilings3: Yes
  • Kitchen Features Built- In Dishwasher: Yes
  • Kitchen Features Disposal2: Yes
  • Primary Bedroom Features High Ceilings6: Yes
  • Fireplace Features Family Room: Yes
  • Laundry Features Shelves: Yes
  • Interior Features Kitchen Island: Yes
  • Interior Features Walk- In Closet(s): Yes
  • Laundry Features Sink: Yes
  • Family Room Features High Ceilings4: Yes
  • Kitchen Features Breakfast Nook: Yes
  • Kitchen Features Built- In Microwave: Yes
  • Kitchen Features Kitchen Island2: Yes
  • Primary Bedroom Features Ceiling Fan(s)7: Yes
  • Primary Bedroom Features Walk- In Closet(s)2: Yes
  • Interior Features Ceiling Fan(s)2: Yes
  • Living Room Features Ceiling Fan(s)3: Yes
  • Dining Room Features Great Room4: Yes
  • Kitchen Features Trash Compactor2: Yes
  • Fireplace Features Dining Room: Yes
  • Flooring Stone4: Yes
  • Primary Bedroom Features Jetted Tub: Yes
  • Primary Bedroom Features Additional Primary Bedroom: Yes
  • Personal Property Included Furnishings: Yes
  • Fireplace Features Primary Bedroom: Yes
  • Family Room Features Great Room5: Yes
  • Other Rooms Bedroom Office Main Floor: Yes
  • Other Rooms Study Library: Yes

Exterior Features

  • Exterior Features: Built-in Barbecue
  • Roof: Composition, Pitched, Shingle
  • Stories: 3
  • View: Mountain(s), Ski Resort, Trees/Woods
  • Construction Type: Stone, Stucco, Wood Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Deck
  • Construction Materials Wood Siding: Yes
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes
  • Exterior Features Built-in Barbecue: Yes

Garage/Parking

  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Garage Spaces: 3.0
  • Has Attached Garage?: Yes
  • Parking Features: Attached, Garage Door Opener, Heated Driveway
  • Total Parking Spaces: 3.0
  • Parking Information Garage Y N: Yes
  • Parking Information Garage Spaces: 3.0
  • Parking Information Carport Y N: No
  • Parking Information Parking Total: 3.0
  • Parking Features Attached: Yes
  • Parking Features Garage Door Opener: Yes
  • Parking Features Heated Driveway: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Water Meter Installed
  • Water Source: Public
  • Laundry Features: Cabinets, Laundry Area, Laundry Room, Shelves, Sink
  • Heating: Natural Gas, Radiant Floor
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Heating Y N3: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Water Meter Installed: Yes
  • Utilities Internet Available: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Heating Radiant Floor: Yes

Schools

  • Middle Or Junior School: Incline Village

Lot Info

  • Parcel Number: 12211303
  • Fencing: None
  • Lot Size Sq Ft: 20908.8
  • Zoning: Residential

Tax Info

  • Tax Annual Amount: 30546.0

MLS Schools

  • Elementary School: Incline
  • HighSchool: Incline Village

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2012
Closed on
Feb 27, 2012
Sold by
Turville Guila Dermody
Bought by
551 Holdings Llc
Seller's Agent
Linda Averett
RE/MAX Gold
Buyer's Agent
Linda Averett
RE/MAX Gold
List Price
$3,500,000
Sold Price
$3,000,000
Premium/Discount to List
-$500,000
-14.29%
Current Estimated Value
$4,702,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,702,725
Avg. Annual Appreciation
3.73%

Purchase Details

Closed on
Apr 10, 2009
Sold by
Ormiston Albert C and Maldonado Rita J
Bought by
Turville Guila Dermody and Guila D Turville Living Trust

Purchase Details

Closed on
Dec 4, 2006
Sold by
Silvertip Associates Llc
Bought by
Ormiston Albert C and Ormiston Rita J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,490,150
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2004
Sold by
Ormiston Albert and Ormiston Rita
Bought by
Silvertip Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.76%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 13, 2003
Sold by
Bella Luna Properties Llc
Bought by
Ormiston Albert and Ormiston Rita

Purchase Details

Closed on
Apr 26, 2002
Sold by
Ormiston Albert C and Ormiston Rita J
Bought by
Bella Luna Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,500
Interest Rate
5.87%

Purchase Details

Closed on
Feb 7, 2002
Sold by
Devore Lloyd L and Devore Joyce M
Bought by
Bella Luna Properties Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
551 Holdings Llc $3,000,000 Ticor Title Reno Lakeside
Turville Guila Dermody $3,650,000 Ticor Title Reno
Ormiston Albert C $3,831,000 Stewart Title Of Northern Nv
Silvertip Associates Llc $1,500,000 First American Title
Ormiston Albert $915,000 --
Bella Luna Properties Llc $915,000 First American Title
Ormiston Albert C $915,000 First American Title
Bella Luna Properties Llc $915,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ormiston Albert C $500,000
Previous Owner Ormiston Albert C $2,490,150
Previous Owner Silvertip Associates Llc $1,500,000
Previous Owner Ormiston Albert $1,448,348
Previous Owner Ormiston Albert C $640,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2012 02/29/12 Sold $3,000,000 -14.3% $410 / Sq Ft
02/11/2012 02/11/12 Pending -- -- --
01/09/2012 01/09/12 For Sale $3,500,000 -- $478 / Sq Ft
Source: Northern Nevada Regional MLS

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 $37,409 $1,244,049 $281,750 $962,299
2024 $37,409 $1,224,113 $257,250 $966,863
2023 $36,339 $1,146,481 $232,750 $913,731
2022 $35,618 $1,006,704 $196,000 $810,704
2021 $34,604 $971,610 $176,400 $795,210
2020 $33,918 $951,004 $166,600 $784,404
2019 $33,791 $953,738 $156,800 $796,938
2018 $34,617 $978,845 $168,000 $810,845
2017 $34,071 $964,195 $157,500 $806,695
2016 $33,327 $959,840 $147,000 $812,840
2015 $8,315 $966,176 $147,000 $819,176
2014 $32,256 $912,219 $147,000 $765,219
2013 -- $923,603 $147,000 $776,603
Source: Public Records

Agents Affiliated with this Home

  • Linda Averett

    Seller's Agent in 2012

    Linda Averett

    RE/MAX

    (775) 544-4161

    62 Total Sales

    Linda Averett
    Section Image
See All Agents

Map

Source: Northern Nevada Regional MLS

MLS Number: 120000417

Northern Nevada Regional MLS

APN: 122-113-03

Nevada Washoe County Incline Village 89451

551 Silvertip Dr, Incline Village, NV

This home is located at 551 Silvertip Dr, Incline Village, NV 89451 since 09 January 2012 and is currently estimated at $4,702,725, approximately $642 per square foot. This property was built in 2005. 551 Silvertip Dr is a home located in Washoe County with nearby schools including Incline Elementary School, Incline Middle School, and Incline High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Nevada Regional MLS 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. The content relating to real estate for sale on this web site comes in part from the Broker Reciprocity/ IDX program of the Northern Nevada Regional Multiple Listing Service°. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo and detailed information about those listings includes the name of the listing brokerage. Any use of the content other than by a search performed by a consumer looking to purchase or rent real estate is prohibited. © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved.

Nearby Homes