NOT LISTED FOR SALE

8836 Rainbow Ave Kings Beach, CA 96143

Estimated Value: $678,000 - $878,000

3 Beds
1 Bath
960 Sq Ft
$851/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $825,000 $859 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,270/month

4 Days on Market

Highlights

  • RV or Boat Parking
  • View of Trees or Woods
  • Mountain Architecture
  • Kings Beach Elementary School Rated A-
  • Living Room with Fireplace
  • Multiple Outdoor Decks

About This Home

As of December 2023

Welcome to the end of the Rainbow where your quintessential Lake Tahoe cabin awaits! This mountain home offers a perfect blend of rustic elegance and natural beauty in the heart of Kings Beach. Tucked away, adjacent to conservancy land, this location offers ample privacy, while being walking distance to Lake Tahoe, and just minutes from Northstar Ski Resort and Truckee. Live comfortably in this three bedroom, 1 bathroom home, with an open concept living room, and laundry room that could be converted to another half bath with a stackable washer/dryer. This is a fantastic home for outdoor entertaining with huge deck space off of the main living area, a hot tub, and total privacy. Under the home, you'll be surprised by the amount of storage, equal in length to the floor plan of the home, and not typically found in a home of this size. It has ample standing room throughout, and an extra refrigerator. Woven into a canvas of trees and surrounded by privacy, let this be your peaceful mountain sanctuary. Enjoy star-gazing from your hot tub, spend quality time with friends and family, or cuddle up with a good book around a warm fire. Perched at the end of a quiet street, on three lots, and surrounded by conservancy land, this location offers convenient access to all of your outdoor activities. Jump on your mountain bike, go for a trail run, take a hike, or head into the backcountry. Outdoor adventure is right out your door; a truly desirable location for all of you outdoor enthusiasts! Situated in the charming community of Kings Beach, you'll be just moments away from local beaches, shops, and restaurants. This would be a fantastic short term rental opportunity, second home, or full time residence. The mountains are calling and your pot of gold awaits. Come and experience the best of Tahoe!

Last Agent to Sell the Property

Jenna Belden

COMPASS License #01863303 Listed on: 11/16/2023

COMPASS

Last Buyer's Agent

Juli Shepp

Coldwell Banker Realty License #01386317

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,814

Year Built

  • Built in 1981

Lot Details

  • 9,365

Property Views

  • Woods
  • Mountain

Home Design

  • Mountain Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 960 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room with Fireplace

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • No Garage
  • Parking Pad
  • RV or Boat Parking

Utilities

  • Heating System Uses Natural Gas
  • Utility District

Additional Features

  • Multiple Outdoor Decks
  • Lot Sloped Up

Community Details

  • North Laketahoe Community
  • Greenbelt

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,814

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Age: 40+ Years
  • Estimated Lot Size: 0 - .255
  • Community: North LakeTahoe
  • Directions: Home located at the very end of Rainbow Ave.
  • Service Type: Full Service
  • Setting: Greenbelt
  • Sub-Area: 1SO
  • Sub-Status: Standard
  • Topography: Upslope, Gentle
  • Year Built: 1981
  • Other: High Ceilings, Phone, Cable TV, High Speed Internet, Hot Tub
  • Sewer: Utility District
  • Estimated Sq Ft: ASSESSOR
  • Architecture: Mountain
  • Out Buildings: No
  • Sign YN: Y
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Heating: Natural Gas, CFAH
  • Estimated Sq Ft: 960
  • Stories: One
  • Water Company: NTPUD
  • Gas: Natural
  • Water: Utility District
  • Appliances: Range, Oven, Microwave, Disposal, Dishwasher, Refrigerator, Washer, Dryer
  • Bonus Rooms: Family Room
  • Fireplace: Living Room, Gas Fireplace
  • Furnished: None
  • Bathrooms: 1
  • Bedrooms: 3
  • Floor Coverings: Mixed

Exterior Features

  • View: Wooded, Mountain
  • Construction Exterior: Framed
  • Foundation: Perim Concrete
  • Roof: Composition
  • Decks: 2
  • Construction Phase: FINISHED

Garage/Parking

  • Garage: None
  • Garage/Parking: RV Parking, Parking Pad

Utilities

  • Laundry: Room

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2015
Closed on
Apr 1, 2016
Sold by
Heineike Benjamin and Heineike Amy
Bought by
Bancroft Paul and Servin Ana Lizbeth
Seller's Agent
Sue Daniels
Coldwell Banker Realty
Buyer's Agent
NANCY PICKAVANCE
Better Homes and Gardens Real Estate Napolitano & Associates
List Price
$349,000
Sold Price
$328,000
Premium/Discount to List
-$21,000
-6.02%
Current Estimated Value
$817,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$489,053
Avg. Annual Appreciation
10.13%
Original Mortgage
$285,360
Outstanding Balance
$227,632
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$581,849

Purchase Details

Closed on
Mar 27, 2014
Sold by
Heineike Benjamin M
Bought by
The Benjaminm & Amy Heineike Living Trus

Purchase Details

Closed on
Feb 1, 2014
Sold by
Heineike Benjamin M
Bought by
Heineike Benjamin M and Heineike Daniel L

Purchase Details

Closed on
Mar 10, 1998
Sold by
Julie Tuberg
Bought by
Heineike Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,300
Interest Rate
7.13%
Mortgage Type
VA

Purchase Details

Closed on
Mar 9, 1995
Sold by
Marier Rick L and Marier Ernest
Bought by
Tuberg Julie
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
Bancroft Paul $328,000 Fidelity National Title Co
The Benjaminm & Amy Heineike Living Trus -- None Available
Heineike Benjamin M -- None Available
Heineike Benjamin $119,000 First American Title Ins Co
Tuberg Julie $118,000 Founders Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bancroft Paul $285,360
Previous Owner Heineike Benjamin $125,000
Previous Owner Heineike Benjamin $117,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Sold $825,000 +3.3% $859 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
11/16/2023 11/16/23 For Sale $799,000 +143.6% $832 / Sq Ft
04/15/2016 04/15/16 Sold $328,000 -6.0% $342 / Sq Ft
01/18/2016 01/18/16 Pending -- -- --
12/29/2015 12/29/15 For Sale $349,000 -- $364 / 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 $9,814 $841,500 $255,000 $586,500
2023 $9,814 $373,203 $170,672 $202,531
2022 $4,798 $365,886 $167,326 $198,560
2021 $4,631 $358,713 $164,046 $194,667
2020 $4,625 $355,035 $162,364 $192,671
2019 $4,659 $348,075 $159,181 $188,894
2018 $4,229 $341,251 $156,060 $185,191
2017 $4,148 $334,560 $153,000 $181,560
2016 $2,313 $160,495 $31,016 $129,479
2015 $2,268 $158,086 $30,551 $127,535
2014 $2,208 $154,990 $29,953 $125,037
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20232109

Tahoe Sierra Board of REALTORS®

APN: 090-181-032