NOT LISTED FOR SALE

559 Lucerne Way South Lake Tahoe, CA 96150

Estimated Value: $2,207,173 - $2,399,000

4 Beds
3 Baths
2,830 Sq Ft
$817/Sq Ft Est. Value

Last Sold May 04, 2018

Last sale price $1,712,500 $605 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $13,968/month

24 Days on Market

Highlights

  • Marina
  • Boat or Launch Ramp
  • Built-In Refrigerator
  • Docks
  • Pier or Dock
  • Mountain View

About This Home

As of May 2018

Luxurious waterfront home on prestigious Lucerne Way in the Tahoe Keys! Completely refurbished from top to bottom in 2015 with high end finishes this is one of the nicest homes in the Tahoe Keys. With over 73 feet of water frontage, an oversized fully landscaped yard, and quick lake access by boat, this location is hard to beat. This home has rustic mountain contemporary finishes throughout. The open downstairs living area has wide plank white oak hardwood flooring, tall vaulted ceilings, two open burning fireplaces, and stunning water and mountain views. The kitchen has a massive center island with beautiful granite slab counters, plentiful counter space, knotty alder cabinetry, Meile appliances, and a built in fridge. There is one bedroom downstairs with an en-suite bathroom and 3 additional spacious bedrooms upstairs including the master bedroom/bath. The new dock can accommodate an oversized boat and has room two additional boats/watercraft. Luxury waterfront living!

Last Agent to Sell the Property

Brent Johnson

Chase International - South La License #01474921 Listed on: 03/23/2018

Last Buyer's Agent

Member Non

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,196

Year Built

  • Built in 1975

Lot Details

  • 0.28 Acre Lot
  • Fenced
  • Landscaped
  • Sprinkler System
  • Lawn

HOA Fees

  • $172 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Pitched Roof
  • Composition Roof

Interior Spaces

  • 2,830 Sq Ft Home
  • Furnished
  • Vaulted Ceiling
  • Fireplace
  • Double Pane Windows
  • Low Emissivity Windows
  • Great Room
  • Family Room
  • Combination Dining and Living Room
  • Mountain Views
  • Crawl Space
  • Laundry Room

Kitchen

  • Gas Range
  • Built-In Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Dual Sinks
  • Shower Only

Outdoor Features

  • Boat or Launch Ramp
  • Docks
  • Deck
  • Patio
  • Front Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Water Heated On Demand
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 022-111-16-100

Community Details

Overview

  • Association fees include water
  • Unavail Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Pier or Dock
  • Marina
  • Beach
  • Tennis Courts
  • Community Pool
  • Community Spa
  • Park

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,196

Year Built

Built in 1975

Lot Details

0

HOA Fees

$172 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Location: Water Front
  • Additional Features: Garage Door Opener, Furnished Per Invtry, Vaulted Ceilings, Open Beam, Walk In Closet
  • Countertops: Granite, Slab
  • Master Bdrm Features: Master Bath, Double Sinks, Stall Shower, Slab Counters
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Year Built: 1975
  • Directions: Tahoe Keys Blvd to Venice to Lucerne.
  • OFFICELIST_STATE: CA
  • FILLSUBDIVISION: Unavail
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Floor Covering: Carpet, Wood, Natural Stone
  • Windows: Double Pane, Metal Frame
  • Master Bedroom: Yes
  • Bedrooms: 4
  • Bathrooms: 3.00
  • Full Bathrooms: 3
  • Kitchen: Garbage Disposal, Refrigerator Blt-in, Microwave Built-in, Dishwasher Built-in, Gas Range
  • Additional Rooms: Living/Dining Combo, Family Room, Great Room
  • Fireplace Description: Open Fireplace
  • Laundry Location: Laundry Room
  • Price Per Square Foot: 605.12
  • Square Footage: 2830.00

Exterior Features

  • Construction: Wood Frame
  • Exterior: Boat Dock
  • Fenced: Yes
  • Foundation: Concrete/Crawl Space
  • Landscaped: Lawn, Fully Landscaped
  • Patio Deck: Deck, Uncovered, Front Porch
  • Roof: Pitched, Composition
  • Views: Mountains

Garage/Parking

  • Garage Type: Attached
  • Garage: 2.00

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 516.00
  • Hoa Amenities: Pool, Tennis, Spa, Security, Beach, Pier, Boat Launch, Marina, Park
  • Hoa Fee Frequency: Quarterly
  • H O A Includes: Water

Lot Info

  • Acres: 0.2764
  • Lot Measurement: Square Feet
  • Lot Sq Ft: 12042.00
  • Price Per Acre: 6195730.82

Green Features

  • Green Features: Composite Deck Matrl, High Efficiency Furn, Low E Windows, On Demand H2O Heater

Tax Info

  • Annual Taxes: 11196.00
  • Assessor Parcel Number: 022-111-16-100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2018
Closed on
Apr 24, 2018
Sold by
Watkins Brian E and Watkins Tonjia L
Bought by
Allen Jared and Allen Amy
Seller's Agent
Brent Johnson
Chase International - South La
Buyer's Agent
Member Non
Non Member Office
List Price
$1,775,000
Sold Price
$1,712,500
Premium/Discount to List
-$62,500
-3.52%
Current Estimated Value
$2,312,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$599,793
Avg. Annual Appreciation
4.10%

Purchase Details

Listed on
Apr 10, 2014
Closed on
Sep 18, 2014
Sold by
Watkins Tonjia L and Watkins Brian E
Bought by
The Brian E Watkins & Tonjia L Watkins F
Seller's Agent
Peter Delilli
Sierra Sotheby's Int'l Realty
Buyer's Agent
Brent Johnson
Chase International - South La
List Price
$919,000
Sold Price
$890,000
Premium/Discount to List
-$29,000
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.58%
Original Mortgage
$623,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 10, 2014
Closed on
Sep 3, 2014
Sold by
Harrison Russell S and Harrison Mary Ann
Bought by
Watkins Tonjia L and Watkins Brian E
Seller's Agent
Peter Delilli
Sierra Sotheby's Int'l Realty
Buyer's Agent
Brent Johnson
Chase International - South La
List Price
$919,000
Sold Price
$890,000
Premium/Discount to List
-$29,000
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$623,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 5, 2013
Closed on
May 7, 2013
Sold by
Jarmakani Investment Holdings Llc
Bought by
Harrison Russell S and Harrison Mary Ann
Seller's Agent
Mike Wyatt
Sierra Sotheby's Int'l Realty
Buyer's Agent
Peter Delilli
Sierra Sotheby's Int'l Realty
List Price
$795,000
Sold Price
$775,000
Premium/Discount to List
-$20,000
-2.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.05%
Original Mortgage
$620,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 19, 2012
Sold by
Jarmakani Jay M and Jarmakani Brenda Joyce Hopkins
Bought by
Jarmakani Investment Holdings Llc

Purchase Details

Closed on
Jan 8, 2002
Sold by
Jarmakani Jay M and Jarmakani Brenda
Bought by
Jarmakani Jay M and Jarmakani Brenda Joyce Hopkins

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,050
Interest Rate
7.01%
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
Allen Jared $1,712,500 First American Title Insuran
The Brian E Watkins & Tonjia L Watkins F -- Placer Title Company
Watkins Tonjia L $890,000 Placer Title Company
Harrison Russell S $775,000 Old Republic Title Company
Jarmakani Investment Holdings Llc -- None Available
Jarmakani Jay M -- Placer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Watkins Tonjia L $623,000
Previous Owner Harrison Russell S $620,000
Previous Owner Jarmakani Jay M $273,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/04/2018 05/04/18 Sold $1,712,500 -3.5% $605 / Sq Ft
04/16/2018 04/16/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $1,775,000 +99.4% $627 / Sq Ft
09/05/2014 09/05/14 Sold $890,000 -3.2% $408 / Sq Ft View Prior Sale
07/22/2014 07/22/14 Pending -- -- --
04/10/2014 04/10/14 For Sale $919,000 +18.6% $421 / Sq Ft
05/13/2013 05/13/13 Sold $775,000 -2.5% $355 / Sq Ft View Prior Sale
03/28/2013 03/28/13 Pending -- -- --
03/05/2013 03/05/13 For Sale $795,000 -- $364 / 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 $20,310 $1,948,527 $973,980 $974,547
2024 $20,310 $1,910,322 $954,883 $955,439
2023 $19,954 $1,872,865 $936,160 $936,705
2022 $19,757 $1,836,143 $917,804 $918,339
2021 $19,449 $1,800,141 $899,808 $900,333
2020 $19,166 $1,781,684 $890,582 $891,102
2019 $19,072 $1,746,750 $873,120 $873,630
2018 $11,376 $1,041,477 $343,286 $698,191
2017 $11,196 $1,021,056 $336,555 $684,501
2016 $10,966 $1,001,036 $329,956 $671,080
2015 $9,802 $890,000 $325,000 $565,000
2014 $8,483 $786,518 $326,475 $460,043
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Tahoe Association of REALTORS®

MLS Number: 128888

South Tahoe Association of REALTORS®

APN: 022-111-016-000