NOT LISTED FOR SALE

Estimated Value: $6,119,000 - $7,547,183

5 Beds
4.5 Baths
3,912 Sq Ft
$1,708/Sq Ft Est. Value

Last Sold May 04, 2021

Last sale price $5,600,000 $1,431 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $41,695/month

12 Days on Market

Highlights

  • Gated Community
  • Fireplace in Primary Bedroom
  • Wood Flooring
  • Truckee Elementary School Rated A-
  • Wood Burning Stove
  • Mountain Architecture

About This Home

As of May 2021

Where to go and which way to gaze are two puzzles to pleasantly consider at this 5-bed/4.5-bath home with great location and amazing views. The Springs Pavilion, Tennis Pavilion and Lookout Lodge are nearby and views of Lookout are front and center. Equally alluring is the layout of this 3,912-sq. ft. stunner with kitchen, great room and dining artistically tied together by Italian porcelain tile floors and radiant cedar ceilings. Outdoor living centers around covered dining, hot tub, firepit and bbq bay.

Last Agent to Sell the Property

Jeffrey Hull

Martis Camp Realty, Inc. License #01749797 Listed on: 04/02/2021

Last Buyer's Agent

Kim Kennedy

Martis Camp Realty, Inc. License #01747997

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $64,238

Year Built

  • Built in 2015

Lot Details

  • 0.62 Acre Lot
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Mountain Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 3,912 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Wood Burning Stove
  • Living Room with Fireplace
  • Wood Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • 4.5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Design Review Required

Utilities

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

Community Details

Overview

  • Property has a Home Owners Association
  • $350 HOA Transfer Fee
  • Martis Valley Community

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$64,238

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Age: 5-10 Years
  • Estimated Lot Size: .51 - .755
  • Community: Martis Valley
  • Directions: Schaffer Mill Rd. Left on Newhall Dr. home in on the right at the corner of KenardenRd.
  • Number of Acres: 0.62
  • Service Type: Full Service
  • Setting: Street
  • SPCDISC: Architectural Review
  • Sub-Area: 7SO
  • Sub-Status: Standard
  • Topography: Level
  • Year Built: 2015
  • Zoning: R-1
  • Other: Landscaping, Hot Tub
  • Sewer: Utility District
  • Estimated Sq Ft: ASSESSOR
  • Architecture: Mountain
  • Gated: To Subdivision
  • Property Condition: Used
  • Sign YN: Y
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Heating: Natural Gas, Hydronic
  • Estimated Sq Ft: 3912
  • Stories: Two
  • Gas: Natural
  • Water: Utility District
  • Appliances: Range, Oven, Microwave, Disposal, Dishwasher, Refrigerator, Washer, Dryer
  • Fireplace: Living Room, Master Bedroom, Gas Fireplace
  • Furnished: Mostly
  • Bathrooms: 4.5
  • Bedrooms: 5
  • Wood Stove: Living Room
  • Floor Coverings: Wood, Tile

Exterior Features

  • View: Peek
  • Construction Exterior: Framed
  • Foundation: Slab
  • Roof: Metal, Flat
  • Construction Phase: FINISHED

Garage/Parking

  • Garage: Two
  • Garage/Parking: Attached

Utilities

  • Laundry: Room

Condo/Co-op/Association

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

Fee Information

  • Private Transfer Fee YN: Y

Lot Info

  • Lot Number: 476
  • Lot Dimensions: IRR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
Apr 29, 2021
Sold by
Schireson Mordecai and Lyell Deirdre
Bought by
Lo Kelvin and Lo Brenda
Seller's Agent
Jeffrey Hull
Martis Camp Realty, Inc.
Buyer's Agent
Kim Kennedy
Martis Camp Realty, Inc.
List Price
$6,295,000
Sold Price
$5,600,000
Premium/Discount to List
-$695,000
-11.04%
Current Estimated Value
$6,682,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,082,796
Avg. Annual Appreciation
4.40%

Purchase Details

Closed on
Jul 31, 2018
Sold by
Schireson Mordecai and Lyell Deirdre
Bought by
Schireson Mordecai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 23, 2017
Closed on
Apr 30, 2018
Sold by
Luk Chiou Michael and Luk Chiou Joyce
Bought by
Schireson Mordecai and Lyell Deirdre
Seller's Agent
Jonas Mikals
Martis Camp Realty, Inc.
Buyer's Agent
Jeffrey Hull
Martis Camp Realty, Inc.
List Price
$4,595,000
Sold Price
$4,398,000
Premium/Discount to List
-$197,000
-4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.01%

Purchase Details

Closed on
Dec 22, 2016
Sold by
Luk Chiou Michael and Luk Chiou Joyce
Bought by
Luk Chiou Michael and Luk Chiou Joyce

Purchase Details

Listed on
Feb 26, 2015
Closed on
Aug 3, 2016
Sold by
Sage Martis Four Llc
Bought by
Chiou Michael and Chiou Joyce
Seller's Agent
Thomas Barrett
Martis Camp Realty, Inc.
Buyer's Agent
Thomas Barrett
Martis Camp Realty, Inc.
List Price
$4,150,000
Sold Price
$3,657,500
Premium/Discount to List
-$492,500
-11.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$2,743,125
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 19, 2014
Sold by
Dmb Highlands Group Llc
Bought by
Sage Martis Four Llc
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
Lo Kelvin $5,600,000 Fidelity Natl Ttl Co Of Ca
Schireson Mordecai -- Fidelity National Title Co
Schireson Mordecai $4,198,000 Fidelity National Title Citr
Luk Chiou Michael -- None Available
Luk Chiou Michael -- None Available
Chiou Michael $3,657,500 Fidelity National Title Co
Sage Martis Four Llc $713,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lo Kevin $3,000,000
Previous Owner Schireson Mordecai $3,000,000
Previous Owner Chiou Michael $2,743,125
Previous Owner Sage Martis Four Llc $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2021 05/04/21 Sold $5,600,000 -11.0% $1,431 / Sq Ft
04/14/2021 04/14/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $6,295,000 +43.1% $1,609 / Sq Ft
05/03/2018 05/03/18 Sold $4,398,000 -4.3% $1,124 / Sq Ft
04/04/2018 04/04/18 Pending -- -- --
09/23/2017 09/23/17 For Sale $4,595,000 +25.6% $1,175 / Sq Ft
08/08/2016 08/08/16 Sold $3,657,500 -11.9% $935 / Sq Ft
06/22/2016 06/22/16 Pending -- -- --
02/26/2015 02/26/15 For Sale $4,150,000 -- $1,061 / 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 $64,238 $6,061,619 $1,894,256 $4,167,363
2023 $64,238 $5,826,240 $1,820,700 $4,005,540
2022 $63,130 $5,712,000 $1,785,000 $3,927,000
2021 $48,032 $4,412,846 $1,156,296 $3,256,550
2020 $48,646 $4,367,599 $1,144,440 $3,223,159
2019 $48,967 $4,281,960 $1,122,000 $3,159,960
2018 $41,840 $3,730,650 $918,000 $2,812,650
2017 $41,182 $3,657,500 $900,000 $2,757,500
2016 $43,457 $3,809,984 $738,853 $3,071,131
2015 $17,215 $1,477,755 $727,755 $750,000
2014 $768 $15,068 $15,068 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20210710

Tahoe Sierra Board of REALTORS®

APN: 106-420-020