NOT LISTED FOR SALE

8816 Rainbow Ave Kings Beach, CA 96143

Estimated Value: $630,000 - $812,944

2 Beds
2 Baths
-- Sq Ft
6,273 Sq Ft Lot

Last Sold January 17, 2025

Last sale price $615,000

Est. 13% increase in value since last sale

Current estimated payment $4,394/month

75 Days on Market

About This Home

As of January 2025

This charming property, currently configured as a duplex, presents an array of possibilities. Situated near the end of a serene street, it offers both a great location and convenience, being just a short stroll from downtown and the picturesque beach. The upper unit features 3 spacious bedrooms and 2 full baths, providing ample space and comfort. The lower level boasts a cozy studio, ideal for additional rental income or as a versatile living space. Whether you’re looking to maximize your investment by renting out both units or prefer to live in one while renting the other, this property provides the flexibility you need. Don’t miss this opportunity to invest in a sought-after Lake Tahoe location!

Last Agent to Sell the Property

Blaine Smith

Centr-21 Tahoe North, Realtors License #02102199 Listed on: 09/05/2024

Last Buyer's Agent

Rebecca Smith

Centr-21 Tahoe North, Realtors License #02196418

Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,273

Interior Spaces

  • 2-Story Property

Community Details

  • North Laketahoe Community

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Age: 20+ YEARS
  • Estimated Lot Size: 0- .255
  • Community: North LakeTahoe
  • Service Type: Full Service
  • Setting: STREET
  • Sign: Y
  • Sub-Area: 1SO
  • Sub-Status: Standard
  • Estimated Sq Ft: 1001-2000
  • Architecture: OLD TAHOE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: TWO

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2024
Closed on
Jan 9, 2025
Sold by
Tapia Lina
Bought by
Gaddis Realty Llc
Seller's Agent
Blaine Smith
Centr-21 Tahoe North, Realtors
Buyer's Agent
Rebecca Smith
Centr-21 Tahoe North, Realtors
List Price
$749,900
Sold Price
$615,000
Premium/Discount to List
-$134,900
-17.99%
Views
27
Current Estimated Value
$693,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,236
Avg. Annual Appreciation
12.33%
Original Mortgage
$628,500
Outstanding Balance
$214,176
Interest Rate
6.69%
Mortgage Type
Construction
Estimated Equity
$479,060

Purchase Details

Closed on
Aug 22, 2005
Sold by
Lipman Roger E
Bought by
Tapia Lina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,500
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 19, 2005
Sold by
Tapia Edgar
Bought by
Tapia Lina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,500
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 13, 2001
Sold by
Frishman Ruth Ivy
Bought by
Frishman Ruth Ivy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2001
Sold by
Frishman Ruth Ivy
Bought by
Frishman Ruth Ivy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2000
Sold by
Frishman Ruth Ivy
Bought by
Frishman Ruth Ivy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Gaddis Realty Llc $615,000 Placer Title
Tapia Lina $485,000 Placer Title
Tapia Lina -- Placer Title
Frishman Ruth Ivy -- --
Frishman Ruth Ivy -- First American Title Ins Co
Frishman Ruth Ivy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaddis Realty Llc $628,500
Previous Owner Tapia Lina $339,500
Previous Owner Frishman Ruth Ivy $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/17/2025 01/17/25 Sold $615,000 0.0% --
01/17/2025 01/17/25 Sold $615,000 -15.2% -- View Prior Sale
11/19/2024 11/19/24 Pending -- -- --
11/19/2024 11/19/24 Pending -- -- --
11/04/2024 11/04/24 Price Changed $725,000 0.0% --
11/04/2024 11/04/24 Price Changed $725,000 -3.3% --
09/05/2024 09/05/24 For Sale $749,900 0.0% --
09/05/2024 09/05/24 For Sale $749,900 -- --
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 $8,583 $662,777 $300,639 $362,138
2023 $8,583 $637,043 $288,966 $348,077
2022 $8,116 $624,552 $283,300 $341,252
2021 $7,834 $612,307 $277,746 $334,561
2020 $8,015 $606,030 $274,899 $331,131
2019 $7,896 $594,148 $269,509 $324,639
2018 $7,086 $582,499 $264,225 $318,274
2017 $6,914 $571,079 $259,045 $312,034
2016 $6,836 $559,882 $253,966 $305,916
2015 $6,700 $551,473 $250,152 $301,321
2014 $6,509 $540,671 $245,252 $295,419
Source: Public Records

Agents Affiliated with this Home

  • Blaine Smith

    Seller's Agent in 2025

    Blaine Smith

    Centr-21 Tahoe North, Realtors

    (530) 545-8230

    3 in this area

    68 Total Sales

    Blaine Smith
    Section Image
  • Rebecca Smith

    Buyer's Agent in 2025

    Rebecca Smith

    Centr-21 Tahoe North, Realtors

    (530) 386-6556

    6 in this area

    57 Total Sales

    Rebecca Smith
    Section Image
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Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20241885

Tahoe Sierra Board of REALTORS®

APN: 090-181-070

California Placer County Kings Beach 96143

8816 Rainbow Ave, Kings Beach, CA

Not Listed for Sale

MultiFamily

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