Country Club Estates/ Elks Club
February 13, 2009
The Country Club Estates/ Elks Club area has some of the nicest and largest houses for sale in South Lake Tahoe.
Although there are many newer large homes in the Country Club Estates area, there are also smaller and older re-sale homes available. Houses currently on the South Lake Tahoe mls range from a bank owned 3 bedroom foreclosure listed for $264,900, to a newer custom home for $1,649,000.
The Country Club Estates area is in a great location because it is only a few minutes from the Y, but it has a secluded county feeling. Being in Country Club Estates makes you feel like you are in the mountains. The homes are nestled around the towering pine trees on sloping lots. The area also has easy access from both Pioneer Trail and Hwy 50.
Due its location on the sloping hill, many of the homes in Country Club Estates have mountain views, and some homes even overlook the Lake Tahoe Golf Course. It is also common to find homes that either neighbor a National Forest lot, or even back National Forest land.
If you are looking at homes for sale in South Lake Tahoe with a quiet county setting but not too far away from Tahoe’s amenities, Country Club estates is an area that you should be looking in. Weather you are looking for a million dollar luxury home or a small fixer upper/ foreclosures in South Lake Tahoe this area should have something for everyone.
South Tahoe Real Estate Blog-$15,000 Tax Credit is Shot Down
February 12, 2009
The $15,000 home buyer tax credit that the Senate had proposed in the massive stimulus bill has been modified by Congress. The Senate had added a proposal that would have given all home buyers a $15,000 (or up to 10% of the purchase price) tax credit.
According to the New York Times, the tax credit will likely only be for first time home buyers that meet certain income requirements, and be reduced from $15,000 to $8,000. The proposed tax credit is still in negotiations, and all of the details have not yet been worked out.
The Stimulus Bill was also cut in other areas, and now is down to an estimated $789 billion dollars. The House and the Senate are hoping to have the bill on President Obama’s desk by Monday (Presidents Day)
The Senates proposed $15,000 tax credit would have made a much bigger effect on the housing market because it would have been available to ALL home buyers.
If the tax credit is passed as it stands, the South Lake Tahoe real estate market probably will not benifit as much as other areas. The South Lake Tahoe real estate market is in a resort area and is different than the majority of other markets. Most buyers looking at South Lake Tahoe homes for sale are not first time home buyers, but are vacation home buyers, and investors.
In order for South Lake Tahoe houses to see an upward trend in prices, we need to see a decline in foreclosures and short sales. South Lake Tahoe foreclosures have been selling for an average of $216 per square foot, 21% less than non-foreclosures which have been selling for $274 per square foot. The investors that are buying houses in South Lake Tahoe are looking for deals, so they do not mind buying a foreclosure that needs a bit of work.
Like I had said earlier, the $15,000 tax credit for all home buyers would have benefited the South Lake Tahoe real estate market more because it would have added an extra incentive to second home owners and investors. As soon as the details of the first time home buyer tax credit are worked out, I will be sure to post them on my South Lake Tahoe Real Estate blog!
This South Tahoe real estate blog was posted by South Lake Tahoe real estate agent Brent Johnson. Contact Brent and Jill Johnson for more information regarding homes for sale in South Lake Tahoe, South Lake Tahoe real estate, or South Lake Tahoe foreclosures!
South Tahoe Foreclosure Just Listed!
February 11, 2009
If you are looking at newer homes for sale in South Lake Tahoe, make sure to check out 581 Gardner Street. This is a 5 bedroom, 2.5 bath, 2 car garage foreclosure in South Tahoe that has just been listed.
581 Gardner Street $645,000
Built in 2004, this 4028 square foot is the largest and newest foreclosure in South Lake Tahoe that is currently on the market. Located in the Gardner Mountain area, this home is near South Shores best beaches and only minutes from Heavenly Valley ski resort. This bank owned home has two driveways and has extra parking for a boat or an rv. Situated on a large fully landscaped lot, this Tahoe style newer home will not last long!
- Granite slab counter tops
- Wood ceilings
- Central vacuum
- 5 bedrooms, 2.5 baths, 2 car garage
- 4028 square feet
This South Tahoe foreclosure is listed by Chase International South Tahoe Realty. For more information about South Tahoe foreclosures, South Lake Tahoe real estate, or houses on the South Lake Tahoe mls, contact Brent and Jill Johnson today!
This South Lake Tahoe real estate blog was posted by Brent Johnson. Make sure to take a look at out current list of foreclosures in South Lake Tahoe!
South Lake Tahoe Foreclosures for Sale, 3305 Treehaven Drive
February 10, 2009
Foreclosures in South Lake Tahoe are selling faster than any other houses, which is why I have been updating my “Current list of foreclosures in South Lake Tahoe” blog post daily. This list can be found on the left side of my website under the parent category “Foreclosures in South Lake Tahoe”.
Currently there are 36 foreclosures for sale on the South Lake Tahoe mls, and 17 are in escrow. The average days on the market for the for the 25 foreclosures that have sold has been 90 days. The 90 days on the market includes the escrow period, which is usually from 30 to 45 days. Many of the foreclosures have gone into escrow within a couple of days!
The latest foreclosure on the South Lake Tahoe mls is 3305 Treehaven Drive
3305 Treehaven Dr.
3305 Treehaven Drive $199,900
Bank owned Foreclosure
Townhouse Style Condo with a Garage. This has a half bath downstairs an both bedrooms and full bath upstairs. Fenced in backyard with a deck. Laundry Hookups at Upstairs Hallway. The HOA pays the exterior insurance on a yearly basis. Bank Owned property is To be sold in “AS IS” condition.
- 2 bedrooms, 1.5 baths, 1 car garage
- 960 square feet
- HOA dues are $700 per year
- Townhouse Style Condo
- Close to Lake Tahoe
If you see any homes on my “Foreclosures in South Lake Tahoe” list that you would like to know more about, please do not hesitate to ask us.
This South Lake Tahoe Real Estate blog post was written by Brent Johnson. Contact Brent and Jill Johnson for any questions regarding Homes for sale in South Lake Tahoe, South Lake Tahoe foreclosures, or real estate in South Lake Tahoe!
