NOT LISTED FOR SALE

Estimated Value: $7,489,000 - $9,897,207

1.5 Acres
$5,932,713 Price per Acre
65,340 Sq Ft Lot

Last Sold January 06, 2020

Last sale price $1,600,000

Est. 460% increase in value since last sale

Current estimated payment $55,421/month

394 Days on Market

Highlights

  • View of Trees or Woods
  • 1.5 Acre Lot
  • Level Lot
  • Truckee Elementary School Rated A-
  • Greenbelt

About This Lot

As of January 2020

With a gentle upslope and extra deep building envelope this homesite has a rare combination of privacy, sweeping mountain vistas and central location to Camp amenities. The open space parcel adjacent to the back-property line allows a home design to take advantage of the beautiful pine forest and mountain vegetation while views abound out the front.

Last Agent to Sell the Property

Jeffrey Hull

Martis Camp Realty, Inc. License #01749797 Listed on: 11/17/2018

Last Buyer's Agent

Jonas Mikals

Martis Camp Realty, Inc. License #01842455

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $71,338

Lot Details

  • 1.5 Acre Lot
  • Level Lot

HOA Fees

  • $400 Monthly HOA Fees

Property Views

  • Woods
  • Mountain

Location

  • Design Review Required

Utilities

  • Underground Utilities
  • Gas Available
  • Utility District
  • Cable TV Available

Community Details

  • Martis Valley Community
  • The community has rules related to covenants, conditions, and restrictions
  • Greenbelt

Property Details

Property Type

Land

Est. Annual Taxes

$71,338

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • "Covenants: Y
  • Estimated Lot Size: .76-1.50
  • Community: Martis Valley
  • Directions: Schaffer Mill, right on Valhalla, this the second lot just before the practice field on the left
  • Number of Acres: 1.5
  • Service Type: Full Service
  • Setting: GREENBELT
  • Sign: Y
  • SPCDISC: Architectural Review
  • Sub-Area: 7SO
  • Sub-Status: Standard
  • Topography: Level
  • Zoning: R-1
  • Access Roads: Paved
  • Access Type: Private
  • Corners: Marked
  • Cross Street: Wyntoon
  • Sewer: Utility District
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Cable TV: At Property
  • Electric: At Property
  • Gas: At Property
  • Phone: At Property
  • Water: Utility District, Water Company

Exterior Features

  • View: Peek, Wooded, Mountain, River/Creek

Utilities

  • Utilities at Street: Under Ground

Condo/Co-op/Association

  • HOA: Y
  • HOA Fees: 1200
  • HOA Fee Frequency: Q
  • HOA Membership Mandatory: Y
  • HOA Transfer Fee: Y

Fee Information

  • Private Transfer Fee Amount: 350
  • Private Transfer Fee YN: Y

Lot Info

  • Lot Number: 177
  • Lot Dimensions: IRR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2018
Closed on
Jan 3, 2020
Sold by
Redlich Christopher R
Bought by
Tahoe Asgard Llc
Seller's Agent
Jeffrey Hull
Martis Camp Realty, Inc.
Buyer's Agent
Jonas Mikals
Martis Camp Realty, Inc.
List Price
$1,695,000
Sold Price
$1,600,000
Premium/Discount to List
-$95,000
-5.6%
Current Estimated Value
$8,963,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,363,405
Avg. Annual Appreciation
35.10%

Purchase Details

Closed on
Jan 15, 2019
Sold by
Valhalla Ragnarok Llc
Bought by
Redlich Christopher R

Purchase Details

Listed on
Jul 24, 2017
Closed on
Sep 17, 2018
Sold by
8710 Breakers Court Llc
Bought by
Valhalla Ragnarok Llc
Seller's Agent
Jonas Mikals
Martis Camp Realty, Inc.
Buyer's Agent
Jeffrey Hull
Martis Camp Realty, Inc.
List Price
$1,850,000
Sold Price
$1,695,000
Premium/Discount to List
-$155,000
-8.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.56%

Purchase Details

Listed on
Mar 27, 2017
Closed on
Jun 22, 2017
Sold by
Risse Walter S and Risse Joan K
Bought by
8710 Breakers Court Llc
Seller's Agent
Jonas Mikals
Martis Camp Realty, Inc.
Buyer's Agent
Jonas Mikals
Martis Camp Realty, Inc.
List Price
$1,450,000
Sold Price
$1,450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.65%
Original Mortgage
$942,500
Interest Rate
4.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 2007
Sold by
Dmb/Highlands Group Llc
Bought by
Risse Walter S and Risse Joan K
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tahoe Asgard Llc $1,600,000 Fidelity Natl Ttl Co Of Ca
Redlich Christopher R -- None Available
Valhalla Ragnarok Llc $1,695,000 Fidelity National Title
8710 Breakers Court Llc $1,450,000 Fidelity National Title Co
Risse Walter S $765,000 Fidelity Natl Title Co Of Ca
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tahoe Asgard Llc $4,468,509
Previous Owner 8710 Breakers Court Llc $942,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2020 01/06/20 Sold $1,600,000 -5.6% --
12/16/2019 12/16/19 Pending -- -- --
11/17/2018 11/17/18 For Sale $1,695,000 0.0% --
09/17/2018 09/17/18 Sold $1,695,000 -8.4% --
08/19/2018 08/19/18 Pending -- -- --
07/24/2017 07/24/17 For Sale $1,850,000 +27.6% --
06/27/2017 06/27/17 Sold $1,450,000 0.0% --
03/27/2017 03/27/17 Pending -- -- --
03/27/2017 03/27/17 For Sale $1,450,000 -- --
Source: Tahoe Sierra Board 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 $71,338 $6,747,832 $1,749,832 $4,998,000
2023 $71,338 $2,922,885 $1,681,885 $1,241,000
2022 $21,645 $1,943,907 $1,648,907 $295,000
2021 $17,786 $1,616,576 $1,616,576 $0
2020 $19,407 $1,728,900 $1,728,900 $0
2019 $19,536 $1,695,000 $1,695,000 $0
2018 $16,848 $1,479,000 $1,479,000 $0
2017 $10,167 $865,803 $865,803 $0
2016 $10,105 $848,827 $848,827 $0
2015 $9,869 $836,077 $836,077 $0
2014 $8,685 $747,500 $747,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20183074

Tahoe Sierra Board of REALTORS®

APN: 106-100-018