NOT LISTED FOR SALE

Estimated Value: $4,977,000 - $6,976,627

0.93 Acre
$6,410,260 Price per Acre
40,511 Sq Ft Lot

Last Sold February 24, 2020

Last sale price $1,100,000

Est. 442% increase in value since last sale

Current estimated payment $34,431/month

269 Days on Market

Highlights

  • Community Beach Access
  • Ski Accessible
  • Fitness Center
  • Truckee Elementary School Rated A-
  • Golf Course Community
  • 0.93 Acre Lot

About This Lot

As of February 2020

Amazing opportunity to build in MC. Flat, easy build, sunny, views of Lookout, estate lot just under one acre. Close to tennis courts and Springs Pavilion. Survey /GeoTech complete, plans in design review fees have been paid. The thoughtfully designed 3318 square foot modern/traditional home is pushed forward on the large building envelope to allow for future build possibilities. Spec opportunity or be in your own custom estate for cabin price.

Last Agent to Sell the Property

Rachel Williams

Crestwood Properties License #01364760 Listed on: 05/09/2019

Last Buyer's Agent

Mark Murrell

Martis Camp Realty, Inc. License #01390661

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $38,725

Lot Details

  • 0.93 Acre Lot
  • Lot Dimensions are 630'x230'x203.25'
  • Level Lot

Property Views

  • Mountain Views

Utilities

  • Underground Utilities
  • Gas Available
  • Utility District
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • Property has a Home Owners Association
  • $10,000 HOA Transfer Fee
  • Martis Valley Community
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Beach Access
  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Ski Accessible

Property Details

Property Type

Land

Est. Annual Taxes

$38,725

Lot Details

0

Listing Details

  • "Covenants: Y
  • Estimated Lot Size: .76-1.50
  • Community: Martis Valley
  • Directions: Schaffer Mill Road, Left on Dunsmuir, lot on your right
  • Number of Acres: 0.93
  • Service Type: Full Service
  • Setting: STREET
  • Sub-Area: 7NR
  • Sub-Status: Standard
  • Topography: Level, Gentle
  • Zoning: Residential
  • Access Roads: Paved
  • Access Type: Private
  • Corners: Marked
  • Sewer: Utility District
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Cable TV: Available
  • Electric: Available
  • Gas: Available
  • Phone: Available
  • Water: Utility District

Exterior Features

  • View: Filtered, Mountain, Ski Resort
  • Fenced: No

Utilities

  • Utilities at Street: Under Ground

Condo/Co-op/Association

  • HOA: Y
  • HOA Amenities: BEACH ACCESS, POOL, TENNIS COURTS, GOLF, CROSS COUNTRY SKIING, DOWN HILL SKIING, EXERCISE EQUIPMENT
  • HOA Fees: quarter
  • HOA Fee Frequency: $1100
  • HOA Membership Mandatory: y
  • HOA Transfer Fee: $10,000

Fee Information

  • Private Transfer Fee Amount: 1%
  • Private Transfer Fee YN: y

Lot Info

  • Lot Number: 422
  • Lot Dimensions: 630'x230'x203.25'

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2019
Closed on
Feb 16, 2020
Sold by
Williams Rachel and Williams Marshall
Bought by
Reid Brent H and Reid Barbara B
Seller's Agent
Rachel Williams
Crestwood Properties
Buyer's Agent
Mark Murrell
Martis Camp Realty, Inc.
List Price
$1,225,000
Sold Price
$1,100,000
Premium/Discount to List
-$125,000
-10.2%
Current Estimated Value
$5,961,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,861,542
Avg. Annual Appreciation
34.72%

Purchase Details

Closed on
May 8, 2018
Sold by
Rutkowski David and Rutkowski Karen
Bought by
Williams Rachel and Williams Marshal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 11, 2013
Sold by
Dmb Highlands Group Llc
Bought by
Rutkowski David and Rutkowski Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$447,300
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 31, 2012
Sold by
Meadow Cary M and Meadow Linda F
Bought by
Dmb Highlands Group Llc

Purchase Details

Closed on
Apr 4, 2012
Sold by
Dmb Highlands Group Llc
Bought by
Meadow Cary M and Meadow Linda F
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
Reid Brent H $1,100,000 Fidelity Natl Ttl Co Of Ca
Williams Rachel $850,000 Placer Title Co
Rutkowski David $639,000 Fidelity National Title Comp
Dmb Highlands Group Llc $598,500 Fidelity National Title Comp
Meadow Cary M $598,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Rachel $680,000
Previous Owner Rutkowski David $447,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2020 02/24/20 Sold $1,100,000 -10.2% --
02/02/2020 02/02/20 Pending -- -- --
05/09/2019 05/09/19 For Sale $1,225,000 -- --
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 $38,725 $6,703,008 $1,203,008 $5,500,000
2023 $38,725 $2,490,295 $1,156,295 $1,334,000
2022 $19,532 $1,748,623 $1,133,623 $615,000
2021 $12,455 $1,111,396 $1,111,396 $0
2020 $10,276 $884,340 $884,340 $0
2019 $10,336 $867,000 $867,000 $0
2018 $8,232 $691,564 $691,564 $0
2017 $8,103 $678,004 $678,004 $0
2016 $8,051 $664,710 $664,710 $0
2015 $7,859 $654,726 $654,726 $0
2014 $7,540 $641,901 $641,901 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20190875

Tahoe Sierra Board of REALTORS®

APN: 106-200-003