NOT LISTED FOR SALE

Estimated Value: $5,744,000 - $7,486,468

1.56 Acres
$4,298,312 Price per Acre
67,954 Sq Ft Lot

Last Sold July 27, 2020

Last sale price $995,000 $223 Per Sq Ft

Est. 574% increase in value since last sale

Current estimated payment $39,982/month

119 Days on Market

Highlights

  • View of Trees or Woods
  • 1.56 Acre Lot
  • 1-minute walk to Creekside Park
  • Truckee Elementary School Rated A-

About This Lot

As of July 2020

This beautiful down sloping 1.5 lot is in a wonderful location within the community. It's an easy walk or bike right to the amenity core including the Family Barn and Camp Lodge. It’s generous size allows for a separate structure such as guest, pool,or sport court. There are designed plans for this home subject to any transfer fees with Sandbox studio.This homesite also provides easy access to the 26 mile hiking trail system. 1% Conveyance fee, 25K Social Mem. transfer fee apply.

Last Agent to Sell the Property

Jonas Mikals

Martis Camp Realty, Inc. License #01842455 Listed on: 02/28/2020

Last Buyer's Agent

Kim Kennedy

Martis Camp Realty, Inc. License #01747997

Property Details

Property Type

  • Land

Lot Details

  • 1.56 Acre Lot
  • Lot Sloped Down

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

  • $350 HOA Transfer Fee
  • Martis Valley Community
  • The community has rules related to covenants, conditions, and restrictions

Property Details

Property Type

Land

Lot Details

1.56 Acres

HOA Fees

$400 per month

Listing Details

  • "Covenants: Y
  • Estimated Lot Size: 1.51-2.50
  • Community: Martis Valley
  • Directions: Schaffer Mill, Right on Ehrman Dr. Lot is on the Right, if you reach Villandry you have gone too far
  • Number of Acres: 1.56
  • Service Type: Full Service
  • Setting: STREET
  • Sign: Y
  • SPCDISC: Architectural Review
  • Sub-Area: 7SO
  • Sub-Status: Standard
  • Topography: Downslope
  • Zoning: R-1
  • Access Roads: Paved
  • Access Type: Private
  • Corners: Marked
  • 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: Wooded, Mountain

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: 350

Fee Information

  • Private Transfer Fee Amount: 1%
  • Private Transfer Fee YN: Y

Lot Info

  • Lot Number: 499
  • Lot Dimensions: IRR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2018
Closed on
Sep 26, 2018
Sold by
Lebbin Michael S and Lebbin Jane T
Bought by
Lebbin Michael
Seller's Agent
Mark Murrell
Martis Camp Realty, Inc.
Buyer's Agent
Kim Kennedy
Martis Camp Realty, Inc.
List Price
$4,895,000
Sold Price
$4,650,000
Premium/Discount to List
-$245,000
-5.01%
Current Estimated Value
$6,705,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,055,367
Avg. Annual Appreciation
4.90%
Original Mortgage
$3,000,000
Outstanding Balance
$2,548,034
Interest Rate
3.35%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,157,333

Purchase Details

Listed on
Jun 25, 2018
Closed on
Jul 19, 2018
Sold by
Chessen Kwevin Chessen Aqnd Christine
Bought by
Lebbin Michael S and Kebbin Jane
Seller's Agent
Mark Murrell
Martis Camp Realty, Inc.
Buyer's Agent
Kim Kennedy
Martis Camp Realty, Inc.
List Price
$4,895,000
Sold Price
$4,650,000
Premium/Discount to List
-$245,000
-5.01%

Purchase Details

Closed on
Nov 1, 2013
Sold by
Dmb Highlands Group Llc
Bought by
Kevin Anf Christine Chessen Revocable Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.46%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lebbin Michael -- Fidelity National Title
Lebbin Michael S $4,650,000 Fidelity National Title
Kevin Anf Christine Chessen Revocable Tr $796,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lebbin Michael $3,000,000
Previous Owner Kevin Anf Christine Chessen Revocable Tr $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2020 07/27/20 Sold $995,000 0.0% $223 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $995,000 -78.6% $223 / Sq Ft
07/30/2018 07/30/18 Sold $4,650,000 -5.0% $1,041 / Sq Ft View Prior Sale
07/02/2018 07/02/18 Pending -- -- --
06/25/2018 06/25/18 For Sale $4,895,000 -- $1,096 / Sq Ft
Source: Tahoe Sierra Board of REALTORS®

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 $51,727 $4,852,502 $1,227,068 $3,625,434
2023 $51,727 $4,664,075 $1,179,420 $3,484,655
2022 $50,802 $4,572,624 $1,156,295 $3,416,329
2021 $48,772 $4,482,966 $1,133,623 $3,349,343
2020 $49,396 $4,437,000 $1,122,000 $3,315,000
2019 $49,723 $4,350,000 $1,100,000 $3,250,000
2018 $44,561 $3,979,324 $858,124 $3,121,200
2017 $43,861 $3,901,299 $841,299 $3,060,000
2016 $43,623 $3,824,803 $824,803 $3,000,000
2015 $12,333 $1,057,414 $812,414 $245,000
2014 $780 $15,822 $15,822 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20200686

Tahoe Sierra Board of REALTORS®

APN: 106-330-004

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