NOT LISTED FOR SALE

724 Lassen Dr South Lake Tahoe, CA 96150

Estimated Value: $728,000 - $1,054,000

3 Beds
2 Baths
1,846 Sq Ft
$476/Sq Ft Est. Value

Last Sold March 08, 2012

Last sale price $391,000 $212 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $5,195/month

37 Days on Market

Highlights

  • Beach
  • Home fronts a lagoon or estuary
  • Sauna
  • Pier or Dock
  • Deck
  • Granite Countertops

About This Home

As of March 2012

Great Tahoe Keys Location on the lagoon. This 3 bedrooms 2 bath home has upstairs living with a open living room and kitchen great for entertaining. 2 large back decks great for enjoying the Tahoe views. Come and check out this great deal property today. Purchase this property for as little as 3% down! This property is approved for HomePath Mortgage Financing & HomePath Renovation Mortgage Financing.

Last Agent to Sell the Property

Michelle Morris

Ascent Property Group License #01350248 Listed on: 12/13/2011

Last Buyer's Agent

Lorie Chapman

Sierra Sotheby's Int'l Realty License #01241080

Sierra Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,909

Year Built

  • Built in 1976

Lot Details

  • 8,689 Sq Ft Lot
  • Home fronts a lagoon or estuary
  • Fenced
  • Landscaped with Trees
  • Lawn

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Frame Construction
  • Pitched Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,846 Sq Ft Home
  • 2-Story Property
  • Self Contained Fireplace Unit Or Insert
  • Crawl Space
  • Laundry in Hall

Kitchen

  • Granite Countertops
  • Tile Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 022133071000

Community Details

Overview

  • Mt Tallac 1 Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Pier or Dock
  • Beach
  • Tennis Courts
  • Community Pool

Additional Features

  • Sauna
  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,909

Year Built

Built in 1976

Lot Details

0

HOA Fees

$150 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Location: Backs to Lagoon
  • Countertops: Tile, Granite
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Stories: 2
  • Year Built: 1976
  • Directions: Tahoe Keys blvd left on Texas, left on lassen. house on right
  • OFFICELIST_STATE: CA
  • FILLSUBDIVISION: Mt Tallac 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floor Covering: Carpet, Tile
  • Master Bedroom: Yes
  • Bedrooms: 3
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplace Description: Insert - Gas
  • Laundry Location: Hall Closet
  • Price Per Square Foot: 211.81
  • Square Footage: 1846.00

Exterior Features

  • Construction: Wood Frame, Wood Siding
  • Fenced: Yes
  • Foundation: Concrete/Crawl Space
  • Landscaped: Front, Back, Lawn, Trees
  • Patio Deck: Deck, Covered, Uncovered, Front Porch
  • Roof: Pitched, Composition

Garage/Parking

  • Garage Type: Attached
  • Garage: 2.00

Utilities

  • Heating/Cooling: Forced Air, Natural Gas
  • Utilities: ElectricityAvailable, NaturalGasAvailable, City Water, City Sewer

Condo/Co-op/Association

  • HOA Fees: 450.00
  • Hoa Amenities: Pool, Tennis, Sauna, Security, Beach, Pier
  • Hoa Fee Frequency: Quarterly

Lot Info

  • Acres: 0.1995
  • Lot Measurement: Square Feet
  • Lot Sq Ft: 8689.00
  • Price Per Acre: 1959899.75

Tax Info

  • Annual Taxes: 4909.48
  • Assessor Parcel Number: 022133071000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2011
Closed on
Feb 27, 2012
Sold by
Murphy Erna M
Bought by
Murphy Erna and Erna Murphy 2002 Revocable Tru
Seller's Agent
Michelle Morris
Ascent Property Group
Buyer's Agent
Lorie Chapman
Sierra Sotheby's Int'l Realty
List Price
$459,900
Sold Price
$391,000
Premium/Discount to List
-$68,900
-14.98%
Current Estimated Value
$879,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$488,333
Avg. Annual Appreciation
6.12%
Original Mortgage
$300,000
Outstanding Balance
$204,939
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$674,394

Purchase Details

Listed on
Dec 13, 2011
Closed on
Feb 2, 2012
Sold by
Federal National Mortgage Association
Bought by
Murphy Erna M
Seller's Agent
Michelle Morris
Ascent Property Group
Buyer's Agent
Lorie Chapman
Sierra Sotheby's Int'l Realty
List Price
$459,900
Sold Price
$391,000
Premium/Discount to List
-$68,900
-14.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$204,939
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$674,394

Purchase Details

Closed on
Sep 16, 2011
Sold by
Greene Donald P and Greene Jennifer L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 26, 2008
Sold by
Davis Terri L and Davis Stephen E
Bought by
Greene Donald P and Greene Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 1999
Sold by
Davis Arthur H
Bought by
Davis Stephen E and Davis Terri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,038
Interest Rate
6.96%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 13, 1998
Sold by
Davis Stephen E
Bought by
Davis Terri L

Purchase Details

Closed on
Oct 6, 1997
Sold by
Davis Stephen E and Davis Terri L
Bought by
Davis Stephen E and Davis Terri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
7.54%

Purchase Details

Closed on
Jun 28, 1995
Sold by
Ekblad Cheryl
Bought by
Davis Stephen E and Kelly Terri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.88%
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
Murphy Erna -- Old Republic Title Company
Murphy Erna M -- Old Republic Title Company
Federal National Mortgage Association $446,028 Accommodation
Greene Donald P $560,000 Fidelity Natl Title Co Of Ca
Davis Stephen E -- Inter County Title Co
Davis Terri L -- --
Davis Stephen E -- Fidelity National Title Co
Davis Stephen E $185,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murphy Erna M $300,000
Previous Owner Greene Donald P $415,000
Previous Owner Davis Stephen E $168,038
Previous Owner Davis Stephen E $10,000
Previous Owner Davis Stephen E $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2012 03/08/12 Sold $391,000 -15.0% $212 / Sq Ft
01/19/2012 01/19/12 Pending -- -- --
12/13/2011 12/13/11 For Sale $459,900 -- $249 / 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 $5,194 $491,103 $169,561 $321,542
2024 $5,194 $481,475 $166,237 $315,238
2023 $5,104 $472,035 $162,978 $309,057
2022 $5,053 $462,781 $159,783 $302,998
2021 $4,975 $453,707 $156,650 $297,057
2020 $4,903 $449,056 $155,044 $294,012
2019 $4,880 $440,252 $152,004 $288,248
2018 $4,771 $431,621 $149,024 $282,597
2017 $4,696 $423,158 $146,102 $277,056
2016 $4,601 $414,862 $143,238 $271,624
2015 $4,367 $408,633 $141,088 $267,545
2014 $4,367 $400,630 $138,325 $262,305
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Tahoe Association of REALTORS®

MLS Number: 118718

South Tahoe Association of REALTORS®

APN: 022-133-007-000