NOT LISTED FOR SALE
Studio
-- Bath
5,996 Sq Ft
1962 Built

Last Sold April 29, 2022

Last sale price $300,000 $50 Per Sq Ft

5 Days on Market

Highlights

  • Fireplace
  • North Facing Home
  • 2-minute walk to The Woods
  • Mammoth High School Rated A-

About This Home

As of April 2022

A unique investment opportunity in Mammoth Lakes Ca; 71 Davison St is a deed-restricted, 5-unit affordable housing project, with rents based on Mono County "Area Median Income" (AMI) guidelines. Plans for this 5-unit property are as follows: 4 two-bedroom/one-bathroom/938 sq ft units and 1 five-bedroom/three-bathroom/2,242 sq ft main house. This sale includes all approved building plans, and permits are already on file with the town of Mammoth Lakes. A contractor could start tomorrow! The lot plans include 5 parking spaces, room for a dumpster, and plentiful snow storage. The owner-developer has already completed asbestos removal and much of the demo work. Based on AMI guidelines, this project could potentially gross about $108,000 per year. Please call for more information.

Last Agent to Sell the Property

Gillian Parrish

Mammoth Lakes Resort Realty License #01944155 Listed on: 04/08/2022

Co-Listed By

Eric Leach

NextHome Mammoth Lakes License #01343386

Last Buyer's Agent

Gillian Parrish

Mammoth Lakes Resort Realty License #01944155 Listed on: 04/08/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • North Facing Home

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3-Story Property
  • Fireplace

Community Details

  • 5 Units
  • 5,996 Sq Ft Building
  • Timber Ridge Estates III Subdivision

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0 Sq Ft Lot

Listing Details

  • Year Built: 1962
  • Stories: 3
  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Lot Features: Other
  • Co List Office Mls Id: RPR
  • Co List Office Phone: 760-260-8500
  • Co List Office Mls Id: RPR
  • Subdivision Name: Timber Ridge Estates III
  • Has Fireplace?: Yes
  • Unit Levels: Three Or More
  • PropertySubTypeAdditional: Multi Family
  • Special Features: None

Interior Features

  • Appliances: See Remarks
  • Fireplace Features: Other, See Remarks
  • Interior Amenities: Other, See Remarks
  • Window Features: Other, See Remarks

Exterior Features

  • Roof: Composition
  • Construction Type: Frame
  • Direction Faces: North

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: None

Utilities

  • Heating: Other, See Remarks
  • Sewer: Public Sewer
  • Water Heater: Other,See Remarks
  • Utilities: Natural Gas Available
  • Laundry Features: Other, See Remarks
  • Water Source: Public

Multi Family

  • Number Of Units Total: 5

Tax Info

  • Tax Lot: 11
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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 List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $300,000 +9.1% $50 / Sq Ft
04/13/2022 04/13/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $275,000 -- $46 / Sq Ft
Source: Mammoth Lakes Board of REALTORS® MLS

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 $15,778 $2,690,362 $265,302 $2,425,060
2024 $15,778 $1,412,120 $260,100 $1,152,020
2023 $15,778 $841,000 $255,000 $586,000
2022 $153 $13,396 $13,396 $0
2021 $149 $13,134 $13,134 $0
2020 $148 $13,000 $13,000 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mammoth Lakes Board of REALTORS® MLS

MLS Number: 220243

Mammoth Lakes Board of REALTORS® MLS
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