NOT LISTED FOR SALE

Estimated Value: $7,302,000 - $11,928,294

6 Beds
7 Baths
7,486 Sq Ft
$1,284/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $11,400,000 $1,523 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $61,784/month

Highlights

  • Two Primary Bedrooms
  • Panoramic View
  • 2.71 Acre Lot
  • Truckee Elementary School Rated A-
  • Gated Community
  • Fireplace in Primary Bedroom

About This Home

As of August 2021

This stunning 7,486-sq. ft. home challenges its neighbor Lookout Lodge for views and grandeur. Near the handsomely beamed porta-cochere is a granite perch with firepit and vistas of Mt. Rose and Lookout Mountain. Inside this 6 bed, 7+bath home are scenes just as impressive. There’s a dble-sided fireplace in the great room that, like kitchen, dining room, and outside deck, gaze off to the Pacific Crest. The media room has a pub,fireplace, tv and veranda with covered hot tub. In short, an entertainer’s dream.

Last Agent to Sell the Property

Mark Murrell

Martis Camp Realty, Inc. License #01390661 Listed on: 05/22/2021

Last Buyer's Agent

Jeffrey Hull

Martis Camp Realty, Inc. License #01749797

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $126,481

Year Built

  • Built in 2011

Lot Details

  • 2.71 Acre Lot
  • Level Lot

HOA Fees

  • $417 Monthly HOA Fees

Property Views

  • Panoramic
  • Mountain

Home Design

  • Mountain Architecture
  • Shake Roof
  • Metal Roof

Interior Spaces

  • 7,486 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Multiple Fireplaces
  • Mud Room
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Home Office
  • Recreation Room
  • Alarm System

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Parking Pad

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Utility District

Additional Features

  • Multiple Outdoor Decks
  • Design Review Required

Community Details

Overview

  • $350 HOA Transfer Fee
  • Martis Valley Community

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$126,481

Year Built

Built in 2011

Lot Details

0

HOA Fees

$417 per month

Listing Details

  • Age: 5-10 Years
  • Alarm YN: Y
  • Estimated Lot Size: 2.51 - 5.00
  • Community: Martis Valley
  • Directions: Schaffer Mill Rd, R on Fallen Leaf way. House on the right at the roundabout.
  • Number of Acres: 2.71
  • Service Type: Full Service
  • Setting: Street
  • SPCDISC: Architectural Review
  • Sub-Area: 7SO
  • Sub-Status: Standard
  • Topography: Level, Gentle
  • Year Built: 2011
  • Zoning: R-1
  • Cross Street: Schaffer Mill
  • Other: Pantry, High Ceilings, Landscaping, Hot Tub, Air Conditioning
  • Sewer: Utility District
  • Estimated Sq Ft: PLANS
  • Architecture: Mountain
  • Gated: To Subdivision
  • Property Condition: Used
  • Security: Alarm System
  • Sign YN: Y
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Heating: Natural Gas, Radiant
  • Estimated Sq Ft: 7486
  • Stories: Three
  • Gas: Natural
  • Water: Utility District
  • Appliances: Range, Oven, Microwave, Disposal, Dishwasher, Refrigerator, Washer, Dryer
  • Bonus Rooms: Family Room, Great Room, Office, Rec Room, Mud Room, 2 Or More Master Bedrooms
  • Fireplace: Living Room, Family Room, Master Bedroom, 2 or +, Gas Fireplace
  • Furnished: Mostly
  • Bathrooms: 7+
  • Bedrooms: 6
  • Floor Coverings: Carpet, Wood, Tile

Exterior Features

  • View: Panoramic, Mountain, Ski Resort
  • Construction Exterior: Framed, Masonry
  • Roof: Metal, Shake/Shingle
  • Decks: 3 or more
  • Construction Phase: FINISHED

Garage/Parking

  • Garage: Three
  • Garage/Parking: Attached, Parking Pad

Utilities

  • Laundry: Room

Condo/Co-op/Association

  • HOA Fees: 1250
  • HOA Fee Frequency: Q
  • HOA Transfer Fee: 350
  • HOA Membership: Y

Fee Information

  • Private Transfer Fee YN: Y

Lot Info

  • Lot Number: 608
  • Lot Dimensions: IRR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2021
Closed on
Aug 13, 2021
Sold by
Maas Daniel T and Maas Tessa Irene
Bought by
Fallen Leaf Lodge Llc
Seller's Agent
Mark Murrell
Martis Camp Realty, Inc.
Buyer's Agent
Jeffrey Hull
Martis Camp Realty, Inc.
List Price
$12,295,000
Sold Price
$11,400,000
Premium/Discount to List
-$895,000
-7.28%
Current Estimated Value
$9,615,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,784,853
Avg. Annual Appreciation
-4.04%
Original Mortgage
$5,975,809
Outstanding Balance
$5,433,861
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$4,181,286

Purchase Details

Listed on
Oct 16, 2020
Closed on
Apr 21, 2021
Sold by
Maas D T D and Maas Tessa
Bought by
Maas Daniel T and Maas Tessa Irene
Seller's Agent
Jonas Mikals
Martis Camp Realty, Inc.
Buyer's Agent
Mark Murrell
Martis Camp Realty, Inc.
List Price
$11,995,000
Sold Price
$11,400,000
Premium/Discount to List
-$595,000
-4.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,900,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 16, 2020
Closed on
Feb 25, 2021
Sold by
Lorenz Renee Y
Bought by
Maas D T D and Maas Tessa
Seller's Agent
Jonas Mikals
Martis Camp Realty, Inc.
Buyer's Agent
Mark Murrell
Martis Camp Realty, Inc.
List Price
$11,995,000
Sold Price
$11,400,000
Premium/Discount to List
-$595,000
-4.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,900,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 16, 2020
Closed on
Feb 22, 2021
Sold by
Lorenz Ronald W and Lorenz Renee Y
Bought by
Lorenz Renee Y
Seller's Agent
Jonas Mikals
Martis Camp Realty, Inc.
Buyer's Agent
Mark Murrell
Martis Camp Realty, Inc.
List Price
$11,995,000
Sold Price
$11,400,000
Premium/Discount to List
-$595,000
-4.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,900,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2009
Sold by
Dmb Highlands Group Llc
Bought by
Lorenz Ronald W and Lorenz Renee Y
Source: Public Records

Range of Values:

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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
Fallen Leaf Lodge Llc $11,400,000 Fidelity Natl Ttl Co Of Ca
Maas Daniel T -- Fidelity Natl Ttl Co Of Ca
Maas D T D $10,885,000 Fidelity Natl Ttl Co Of Ca
Lorenz Renee Y -- None Available
Lorenz Ronald W $1,782,000 Fidelity National Title Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fallen Leaf Lodge Llc $5,975,809
Previous Owner Maas Daniel T $6,900,000
Previous Owner Maas D T D $6,900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2021 08/18/21 Sold $11,400,000 -7.3% $1,523 / Sq Ft
07/19/2021 07/19/21 Pending -- -- --
06/13/2021 06/13/21 For Sale $12,295,000 +7.9% $1,642 / Sq Ft
06/05/2021 06/05/21 Off Market $11,400,000 -- --
05/22/2021 05/22/21 For Sale $12,295,000 +7.9% $1,642 / Sq Ft
03/02/2021 03/02/21 Sold $11,400,000 -5.0% $1,523 / Sq Ft View Prior Sale
01/12/2021 01/12/21 Pending -- -- --
10/16/2020 10/16/20 For Sale $11,995,000 -- $1,602 / Sq Ft
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 $126,481 $12,097,771 $3,183,624 $8,914,147
2023 $126,481 $11,628,000 $3,060,000 $8,568,000
2022 $124,474 $11,400,000 $3,000,000 $8,400,000
2021 $68,581 $6,378,178 $1,933,671 $4,444,507
2020 $67,884 $6,164,317 $1,913,844 $4,250,473
2019 $68,868 $6,043,449 $1,876,318 $4,167,131
2018 $65,675 $5,924,951 $1,839,528 $4,085,423
2017 $64,655 $5,808,776 $1,803,459 $4,005,317
2016 $64,324 $5,694,880 $1,768,098 $3,926,782
2015 $62,801 $5,609,339 $1,741,540 $3,867,799
2014 $60,147 $5,499,461 $1,707,426 $3,792,035
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20211340

Tahoe Sierra Board of REALTORS®

APN: 106-250-007