Incline Village Real Estate Blog Archive

• Sold Properties by Lakeshore Realty Agents and Sold Lakeshore Realty Listings in 2012

Below we have a list of properties that were sold by Lakeshore Realty Real Estate Agents and properties that were listed by Lakeshore Realty agents and were sold so far in 2012.

1007 Apollo Way

Bed: 4
Bath: 4
Year Built: 1985
Sq. Ft.: 3328

Days on Market: 205
Sold Date: 02/10/2012
Sold Price: $1,180,000

Selling Agent:
Tony Tuoto   

1011 Dorcey Dr.

Bed: 4
Bath: 2.5
Year Built: 1979
Sq. Ft.: 2496

Days on Market: 321
Sold Date: 01/31/2012
Sold Price: $590,000

Listing Agent:
Carole Madrid

732 James Lane

Bed: 3
Bath: 2
Year Built: 1976
Sq. Ft.: 1767

Days on Market: 43
Sold Date: 02/21/2012
Sold Price: $575,000

Listing Agent:
Chris & Patti Plastiras

845 Donna Dr.

Bed: 4
Bath: 4.5
Year Built: 2010
Sq. Ft.: 4642

Days on Market: 565
Sold Date: 1/20/2012
Sold Price: $1,750,000

Listing Agent:
Tim Lampe  

508 Jensen Dr.

Bed: 4
Bath: 2
Year Built: 1964
Sq. Ft.: 1750

Days on Market: 160
Sold Date: 02/09/2012
Sold Price: $424,500

Listing/Selling Agent:
Tim Lampe   

136 Juanita Dr.

Bed: 4
Bath: 2
Year Built: 1974
Sq. Ft.: 1506

Days on Market: 84
Sold Date: 1/10/2012
Sold Price: $422,500

Listing Agent:
Pam Fernandez

880 Golfers Pass.

Bed: 3
Bath: 2
Year Built: 1985
Sq. Ft.:

Days on Market:
Sold Date: 2/16/2012
Sold Price: $239,000

Selling Agent:
Pam Fernandez

There are a number of 14 other properties that involve lakeshore realty agents that are in escrow at this time.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

• North Lake Tahoe Real Estate Sales February 2012 Comparison

As you can see in the report bellow there is a significant increase in the number of residential homes sold in February 2012 compared to the previous couple of years.

- Please note that the report above was created using data extracted from the MLXChange System and reflects Residential Property sales.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

• Important information for Nevada realtors dealing with California clients regarding possible relocation to Nevada

1. Federal tax Changes "Looming": 
a."Bush Tax Cuts" to expire 12/31/12
b. Top ordinary rate goes from 35% to 39.6%; even bottom end rate to increase from 10% to 15%
c. Top long term capital gain rate goes from 15% to 20%
d. Dividends revert to "ordinary income" and thus taxable at 39.6% versus present 15% rate for "qualified dividends"
e. President Obama releases budget calls for "Buffet Rule" millionaires minimum rate of 30%

2. Patient Protection and Affordable Care Act ("Obamacare") new taxes "looming", effective 1/1/13:
a. Medicare (payroll) tax increases of 0.9% on employees and self-employed persons on earnings above 200,000/250,000 joint return
b. New tax: Medicare tax on unread income
   i. Interest/dividends/capital gains/annuities/royalties/rents (tax exempt income excluded.
   ii. 3.8% Rate
   iii. On lesser of net investment income or modified AGI in excess of 200,000/250,000 joint return
   iv. NB: This would include capital gains from sales of real estate - primary residence or otherwise!

3. All of the above on top of California presently high structure, which may increase if Brown initiative passes:
a. Present structure
   i. 9.3 top marginal rate
   ii. Mental Health surtax of 1% for taxable income in excess of 1 million
b. Brown Proposal - "The Schools and Local Public Safety Protection act of 2012"
   i. Up to 2% additional income taxes for 5 years starting 1/1/13 on "millionaires and high income earners"
   ii. "Temporary" (4 years starting 1/1/13) 1/2 cent sales tax increase 
   iii. All dedicated to "education and public safety"
   iv. Goal - 7 billion additional revenue

4. FTB - one of their "top audit issues" for 2012: 1031 changes
a. The sources of the original deferred gain on California property will remain with California, regardless of the location of the replacement property. When the replacement property is ultimately sold in a taxable transaction, the gain originally deferred on the California property will have its source in and will be taxable by California.\

Credits for this article go to Mr. Jeff Quinn with Certified Public Accountants and Consultants Ltd.

When you’re planning on purchasing a new home, it’s important to understand and anticipate the costs of owning and maintaining a home. Here are a few things that some first-time buyers forget to include.

Inspections, appraisals, and closing costs

Many buyers understand they will have closing costs but they fail to budget for other items such as a home inspection. Sometimes inspections are paid for by the seller but it’s usually the buyer who pays for the inspection. And, even if the homeowner recently had a home inspection and has the report, a buyer still might want to pay for an inspector to have another look to compare the findings. Depending on the home, there may also be other inspections such as for lead paint, pests or radon gas.

Private Mortgage Insurance

This is added on to your mortgage when the down payment is less than 20%. You can buy a home with less money but you’ll pay the PMI which covers the lender should a homebuyer default on the loan. As you build up equity, your PMI drops off.

HOA Fees

Homeowners’ Association fees (HOA) can add several hundred dollars to your monthly household expenses. These HOA's help to maintain common areas, typically within condominium complexes. They also govern what can be done to the unit and the surrounding area. While there is an up side to HOA's, some buyers prefer to have more freedom over their property, perhaps, until the neighbor paints his house turquoise with red accents.

Taxes

Property taxes generate revenue for municipalities, counties, and schools. It’s an expense that can vary across the U.S. However, on average, it’s 1.38 percent of the home’s value. Back East tends to have the highest property taxes.

Homeowner’s insurance

Lenders require homeowner’s insurance on your property. The amount you’ll pay depends on many variables including: where you live, the age, type, size of your home. For example, older homes can cost more to insure due to the fact that they may require more repairs than newer homes. Also, high-hazard areas can cost more to insure and some insurance companies may not offer an insurance policy for your home, if you’re in a high-risk area.

Utilities and appliances

These areas can be overlooked because, often, when people are renting the appliances are taken care of. When you own your own home, be sure to consider expenses such as the water heater or dishwasher breaking down. While, you can’t exactly figure out when an appliance is going to quit working, you can set a monthly allowance aside to start establishing a household repair fund. Just don’t touch the account or when you really need it, you’ll find it’s not there for you.

So hopefully this information will help you budged accordingly when planning to make that big step and buy a house.

• North Lake Tahoe Real Estate Sales January 2012 Comparison

- Please note that the report above was created using data extracted from the MLXChange System and reflects Residential Property sales.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

866 Ophir Peak Rd., Incline Village, Nevada

"New home never been lived in!"

• 6 Bedrooms
• 4.5 Bathrooms
• 2 Fireplace's
• 3629 Square Feet
• Year Built: 1979

VIRTUAL TOUR

New home never been lived in! Year built says 1979 because the owners left one wall standing, actual completion date was 2010. If you need further information call listing agent. Top of the line through-out. A must see!

PRICE: $2,075,000

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

• New Lakeshore Realty Homes for Sale in Lake Tahoe, Incline Village Nevada

These are some of the newest listings at Lakeshore Realty on the North Lake Tahoe Real Estate Market.

1565 Pine Cone

Bed: 3
Bath: 2
Year: 1976
Sq. Ft.: 1536

Price: $2,749,000

VIRTUAL TOUR 

Listing Agent:
Nevada Metherd

PRESTIGIOUS Pine Cone Cr. VALUE IN LAND. Owners have gated wide sandy beach,share the pier,have own buoys, dive plat form. Charming mtn st. New custom homes.BUILD HERE! Quiet area. OK walk lot.

714 Mays Blvd.

Bed: 3
Bath: 3
Year: 1997
Sq. Ft.: 3983

Price: $1,750,000

 VIRTUAL TOUR

Listing Agent:
Peg Augustus

Stunning home just 1 block from Burnt Cedar Beach. Huge living rm, 3 fireplaces, cathedral ceilings, family room, large office. Chef's kitchen w/ granite counters,wood flr, double ovens. Master on main level w/FP. Beautiful yard,2 big decks, hot tub.

123 Juanita Dr.

Bed: 3
Bath: 2
Year: 1971
Sq. Ft.: 1168

Price: $459,900

Listing Agent:
Carole Madrid

GORGEOUS remodel with top of line finishes. Cathedral ceilings w/skylights. Best location in complex. HOA pool. A must see!

121 Juanita Dr.

Bed: 1
Bath: 1
Year: 1971
Sq. Ft.: 792

Price: $329,000

Listing Agent:
Carole Madrid

BEAUTIFUL designer remodeled lower unit in one of Incline's premiere developments! Slate floors, alder finishes and granite counters. Best location and great rental history ! Walking distance to Incline Beaches. A must see!

501 Lakeshore Blvd.

Bed: 3
Bath: 2.5
Year: 1970
Sq. Ft.: 2319

Price: $1,395,000

Listing Agent:
Lana Nelson  

Best of the back-row lake views! Positioned between 2 front units.High end state of the art remodel! Family/Game RM/wetbar. Luxurious Kit & Baths. Private HOA Pier & assigned buoy New roof& siding in 2012.

908 Harold

Bed: 2
Bath: 2
Year: 1981
Sq. Ft.: 1452

Price: $309,000

Listing Agent:
Carole Madrid

SHORT SALE - end unit in Fairway Pines!

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

• Sold Properties by Lakeshore Realty Agents and Sold Lakeshore Realty Listings

Below we have a list of properties that were sold by Lakeshore Realty Real Estate Agents and properties that were listed by Lakeshore Realty agents and were sold in the past month. 

571 Putter Ct. 

Bed: 4
Bath: 4.5
Year Built: 1987
Sq. Ft.: 5612

Days on Market: 956
Sold Date: 11/28/2011
Sold Price: $1,500,000

Selling Agent:
Chris & Patti Plastiras

200 Village Blvd.

Bed: 3
Bath: 2
Year Built: 2005
Sq. Ft.: 2562

Days on Market: 136
Sold Date: 12/07/2011
Sold Price: $512,000

Selling Agent:
Lana Nelson  

702 College Dr. 

Bed: 3
Bath: 2.5
Year Built: 1940
Sq. Ft.: 1312

Days on Market: 99
Sold Date: 12/21/2011
Sold Price: $248,000

Selling Agent:
Pam Fernandez

700 College Dr.

Bed: 3
Bath: 2
Year Built: 1978
Sq. Ft.: 1120

Days on Market: 218
Sold Date: 12/20/2011
Sold Price: $248,000

Listing Agent:
Pam Fernandez

121 Juanita Dr.

Bed: 1
Bath: 1
Year Built: 1971
Sq. Ft.: 750

Days on Market: 137
Sold Date: 11/15/2011
Sold Price: $250,000

Listing Agent:
Carole Madrid

931 Incline Way

Bed: 2
Bath: 2
Year Built: 1989
Sq. Ft.: 1111

Days on Market: 147
Sold Date: 12/29/2011
Sold Price: $350,000

Listing Agent:
Patricia Lantz

400 Fairview Blvd. 

Bed: 2
Bath: 2
Year Built: 1985
Sq. Ft.: 1188

Days on Market: 161
Sold Date: 11/22/2011
Sold Price: $356,000

Selling Agent:
Yvette Shipman

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

525 Lakeshore Blvd. #51, Incline Village, Nevada

"Lakefront Condo"

• 2 Bedrooms
• 2 Bathrooms
• 1 Fireplace
• 1708 Square Feet
• Year Built: 1964

VIRTUAL TOUR

Lakefront condo! Unobstructed views of Lake Tahoe! End unit, remodeled. Complex has common beach, boat dock/Pier. Complex rarely on the market and one of the few with a beautiful sandy beach! Must See! Easy to show.

PRICE: $1,525,000

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.