NOT LISTED FOR SALE

8689 Rainbow Ave Kings Beach, CA 96143

Estimated Value: $1,014,000 - $1,411,000

6 Beds
4 Baths
1,950 Sq Ft
$635/Sq Ft Est. Value

Last Sold October 17, 2022

Last sale price $1,399,000 $717 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $7,732/month

21 Days on Market

Highlights

  • Detached Guest House
  • Living Room with Fireplace
  • Family Room
  • Kings Beach Elementary School Rated A-
  • Laundry Room
  • Level Lot

About This Home

As of October 2022

Truly a North Lake Tahoe treasure - this home has been beautifully made-over from top to bottom with beautiful, upgraded finishes! Step inside to find a modern twist on a classic, clean mountain style. This spacious home has a layout that provides for great opportunity, with 5 spacious bedrooms, 3 bathrooms in the main house plus a separate studio unit. The backyard will transport you to a secluded mountain oasis. Ready to venture out? Enjoy the convenience of being only four blocks away from the beach.

Last Agent to Sell the Property

Linda Granger

Christie's Int'l R.E. Sereno License #01048013 Listed on: 08/17/2022

Christie's Int'l R.E. Sereno

Last Buyer's Agent

Clayton Humphries

Compass License #01952558

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,783

Year Built

  • Built in 1954 | Remodeled

Lot Details

  • 6,273 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Furniture Can Be Negotiated
  • Family Room
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • No Garage
  • Parking Pad

Additional Homes

  • Detached Guest House

Utilities

  • Heating System Uses Natural Gas
  • Utility District

Community Details

  • North Laketahoe Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,783

Year Built

Built in 1954 | Remodeled

Lot Details

0

Listing Details

  • Age: 50+ Years
  • Estimated Lot Size: 0 - .255
  • Community: North LakeTahoe
  • Number of Acres: 0.144
  • Service Type: Full Service
  • Setting: Street
  • Sub-Area: 1SO
  • Sub-Status: Standard
  • Topography: Level
  • Year Built: 1954
  • Other: Rental History, Air Conditioning
  • Sewer: Utility District
  • Architecture: Old Tahoe
  • Out Buildings: Yes, See Remarks
  • Property Condition: Extensive Remodel, Like New
  • Sign YN: Y
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Heating: Natural Gas, CFAH
  • Stories: Two
  • Gas: Natural
  • Water: Utility District
  • Appliances: Range, Oven, Microwave, Dishwasher, Refrigerator
  • Bonus Rooms: Family Room, Detached ADU
  • Fireplace: Living Room, Brick/Tile
  • Furnished: Negotiable
  • Bathrooms: 4
  • Bedrooms: 6
  • Floor Coverings: Carpet, Tile, Vinyl

Exterior Features

  • Foundation: Perim Concrete
  • Roof: Composition
  • Construction Phase: FINISHED

Garage/Parking

  • Garage: None
  • Garage/Parking: Parking Pad

Utilities

  • Laundry: Room

Lot Info

  • Lot Number: 34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2022
Closed on
Oct 7, 2022
Sold by
Kingsley Reed and Kingsley Kassia
Bought by
Amit Saxena And Pallavi Otawkar 2005 Trust
Seller's Agent
Linda Granger
Christie's Int'l R.E. Sereno
Buyer's Agent
Clayton Humphries
Compass
List Price
$1,399,000
Sold Price
$1,399,000
Views
58
Current Estimated Value
$1,193,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$205,685
Avg. Annual Appreciation
-5.11%
Original Mortgage
$1,119,200
Outstanding Balance
$1,082,749
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$123,126

Purchase Details

Listed on
Dec 31, 2020
Closed on
Mar 24, 2021
Sold by
Starbard Yulia V
Bought by
Kingsley Reed and Kingsley Kassia
Seller's Agent
Scott Silva
Dickson Realty
Buyer's Agent
Linda Granger
Christie's Int'l R.E. Sereno
List Price
$790,000
Sold Price
$790,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.24%
Original Mortgage
$513,500
Interest Rate
2.68%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 31, 2020
Closed on
Mar 23, 2021
Sold by
Starbard Robert P
Bought by
Starbard Yulia V
Seller's Agent
Scott Silva
Dickson Realty
Buyer's Agent
Linda Granger
Christie's Int'l R.E. Sereno
List Price
$790,000
Sold Price
$790,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,500
Interest Rate
2.68%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 31, 2018
Closed on
Dec 14, 2018
Sold by
Graeber Anthony E
Bought by
Starbard Robert P and Starbard Yulia V
Seller's Agent
W. Al Colhoun
Sierra Sotheby's Int Realty TC
Buyer's Agent
Parise De Jean
Parise De Jean, Broker
List Price
$675,000
Sold Price
$665,000
Premium/Discount to List
-$10,000
-1.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%
Original Mortgage
$99,683
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 12, 2012
Sold by
Graeber Anthony E and Schreiber Heidi Lynn
Bought by
Graeber Anthony E

Purchase Details

Closed on
Oct 26, 2006
Sold by
Graeber Anthoney E
Bought by
Graeber Anthony E and Graeber Heidi Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.37%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 21, 2001
Sold by
Graeber Heidi
Bought by
Graeber Anthony E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2001
Sold by
Graeber Anthony E
Bought by
Arnett Kenneth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2000
Sold by
Graeber Heidi
Bought by
Graeber Anthony E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
8.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 1997
Sold by
Conner Robert K and Conner George
Bought by
Graeber Anthony E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
9.74%
Mortgage Type
Purchase Money Mortgage
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
Amit Saxena And Pallavi Otawkar 2005 Trust $1,399,000 First American Title
Kingsley Reed $790,000 First American Title Company
Starbard Yulia V -- First American Title Company
Starbard Robert P $665,000 Fidelity National Title
Graeber Anthony E $1,818 None Available
Graeber Anthony E -- First American Title Company
Graeber Anthony E -- Old Republic Title Company
Arnett Kenneth R -- --
Graeber Anthony E -- North American Title Co
Graeber Anthony E $240,000 North American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amit Saxena And Pallavi Otawkar 2005 Trust $1,119,200
Previous Owner Kingsley Reed $513,500
Previous Owner Starbard Robert P $99,683
Previous Owner Starbard Robert P $498,750
Previous Owner Graeber Heidi Lynn $60,000
Previous Owner Graeber Anthony E $385,000
Previous Owner Graeber Anthony E $296,000
Previous Owner Graeber Anthony E $236,000
Previous Owner Graeber Anthony E $187,500
Previous Owner Graeber Anthony E $186,000
Closed Graeber Anthony E $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2022 10/17/22 Sold $1,399,000 0.0% $717 / Sq Ft
09/07/2022 09/07/22 Pending -- -- --
08/17/2022 08/17/22 For Sale $1,399,000 +77.1% $717 / Sq Ft
03/26/2021 03/26/21 Sold $790,000 0.0% $363 / Sq Ft
01/16/2021 01/16/21 Pending -- -- --
01/07/2021 01/07/21 For Sale $790,000 0.0% $363 / Sq Ft
01/06/2021 01/06/21 Off Market $790,000 -- --
12/31/2020 12/31/20 For Sale $790,000 +18.8% $363 / Sq Ft
12/19/2018 12/19/18 Sold $665,000 -1.5% $341 / Sq Ft
11/12/2018 11/12/18 Pending -- -- --
10/31/2018 10/31/18 For Sale $675,000 -- $346 / 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 $16,783 $1,455,519 $260,100 $1,195,419
2023 $16,783 $1,399,000 $250,000 $1,149,000
2022 $10,031 $805,800 $229,500 $576,300
2021 $8,636 $685,326 $180,349 $504,977
2020 $8,565 $678,300 $178,500 $499,800
2019 $8,639 $665,000 $175,000 $490,000
2018 $3,110 $224,513 $28,058 $196,455
2017 $3,051 $220,111 $27,508 $192,603
2016 $3,012 $215,796 $26,969 $188,827
2015 $2,953 $212,555 $26,564 $185,991
2014 $2,872 $208,392 $26,044 $182,348
Source: Public Records

Agents Affiliated with this Home

  • Linda Granger

    Seller's Agent in 2022

    Linda Granger

    Christie's Int'l R.E. Sereno

    (530) 624-0008

    16 in this area

    249 Total Sales

    Section Image
  • Clayton Humphries

    Buyer's Agent in 2022

    Clayton Humphries

    Compass

    (508) 280-8083

    4 in this area

    38 Total Sales

    Section Image
  • Scott Silva

    Seller's Agent in 2021

    Scott Silva

    Dickson Realty

    (805) 704-4122

    3 in this area

    67 Total Sales

    Section Image
  • W. Al Colhoun

    Seller's Agent in 2018

    W. Al Colhoun

    Sierra Sotheby's Int Realty TC

    (530) 913-0807

    4 in this area

    30 Total Sales

    Section Image

  • P

    Buyer's Agent in 2018

    Parise De Jean

    Parise De Jean, Broker

See All Agents

Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20221868

Tahoe Sierra Board of REALTORS®

APN: 090-116-053

California Placer County Kings Beach 96143

8689 Rainbow Ave, Kings Beach, CA

This home is located at 8689 Rainbow Ave, Kings Beach, CA 96143 since 17 August 2022 and is currently estimated at $1,238,881, approximately $635 per square foot. This property was built in 1954. 8689 Rainbow Ave is a home located in Placer County with nearby schools including Kings Beach Elementary School, North Tahoe School, and North Tahoe High School.

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