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New Income Property Listing in South Lake Tahoe

3728 Primrose Rd.

5 Plex Near Stateline Offered at $425,000

This 5 plex is in a great location close to Stateline, shopping, and bus lines. There are four 2 bedroom 1 bath units and one 1 bedroom 1 bath unit. All units are separately metered and the tenants pay for their own utilities. Currently 100% occupied with long term tenants, this is a great opportunity to own income property in South Lake Tahoe!

Unit #1 is a 2 bedroom 1 bath unit rented for $700 a month
Unit #2 is a 2 bedroom 1 bath unit rented for $720 a month
Unit #3 is a 1 bedroom 1 bath unit rented for $650 a month
Unit #4 is a 2 bedroom 1 bath unit rented for $700 a month
Unit #5 is a 2 bedroom 1 bath unit rented for $750 a month
Laundry income is $75 a month
Total income is $3595 a month

Annual Expenses

Property Insurance $2400
Property Taxes $4700
Refuse $1620
Sewer/water $3240
Gas $1800 (for common water heater)
Electric $600
Repairs/maintenance $1200

The adjacent 5 plex at 1053 Moss is also for sale for $425,000. If both properties are purchased, the price will be discounted to $795,000.

For more information about this property or any other property on the South Lake Tahoe mls, please call South Lake Tahoe Real Estate agent Brent Johnson today!

Brents New MLS Listing in Carson City

Just Listed in Carson City Nevada!

3596 Haystack

This well maintained Sunridge home has an open and spacious floor plan. The master bedroom has a large master bathroom with a jetted tub. This home backs to open land and is close to shopping and schools. This 1579 square foot 3 bedroom, 2 bath, 2 car garage home was built in 1994.

Offered at $204,000
Forced Air Heating
Double Pane Vinyl Frame Windows
Fully Landscaped With Automatic Sprinklers
Single Level Home
Not a foreclosure or a short sale!!!
Much More!

Chase International Dominates the Lake Tahoe Real Estate Market

Chase International continues to dominate the real estate market in South Lake Tahoe in volume and the number of closed escrows. Below is a letter from our office manager Larry Finkel with the year end Lake Tahoe closing statistics.

Dear All – Congratulations to you for continuing to make Chase the #1 office in STAOR in both closed escrow volume and closed sides. We are also now the leader in closed escrow volume in Tahoe Keys – stats below.

Our total closed escrow volume for the year end will be over $98 million dollars with 232 transaction sides closed. These figures include both closings in STAOR and other closings.

As far as STAOR Stats:

A. Total Company closings including NV area in STAOR: $132,327,500 ($91,943,800 STR (Chase International South Tahoe Realty)/$40,383,700 ZC (Chase International Zepher Cove)).

27% market share.

236 Closed Sides – 216 STR & 20 ZC.

Nest nearest competitor: $54,030,307 and 143 sides.

B. Total Company closings without NV area in STAOR: $102,171,200 ($86,712,500 STR/$15,458,700 ZC).

23.3% market share.

218 Closed sides – 207 STR & 11 ZC.

Next nearest competitor: $45,505,308 and 141 sides.

C. Total Company Closings for just Residential Properties (SFR & CT) in the City/County areas of SLT:

$86,381,300 ($79,822,600 STR & $6,558,700 ZC).

23.4% market share.

185 sides (178 STR & 7 ZC).

Next nearest competitor: $43,572,408 with 127 sides.

D. Tahoe Keys closed escrow volume: $25,235,900 ( $21,436,900 STR & $3,799,000 ZC)

40.5% market share.

20 Sides closed.

Next nearest competitor: $21,526,408 with 28 sides.

OUR GOAL THIS YEAR IS TO BE ALSO THE LEADER IN CLOSED SIDES.

E. Closings in STAOR over $1,500,000. There were 14 sales in this price range representing 28 sides.

Out of 28 possible sides Chase participated in 20 of those sides – FANTASTIC!

F. Out of the top 50 agents in closed escrow volume for 2009 Chase has 15 of the top 50 agents.

These stats are extremely impressive – people like to be with a successful company!

Again congratulations to you all – you are an INCREDIBLE group of agents and I am very PROUD to be associated with you!

Regards,

Larry Finkel

For more information about why Chase International has dominated the Lake Tahoe Real Estate market please contact South Lake Tahoe real estate agent Brent Johnson today!

December South Lake Tahoe Real Estate Review

The South Lake Tahoe real estate market finished out the year with another strong month of single family home sales. December had the most single family home , sales of 2009 with 48, topping the months of October and November in which 46 single family homes were sold. This was a big improvement from December 2008 when 26 single family homes sold in South Lake Tahoe. Although the number of homes sold in 2009 was up 20 units, the median sales price was down 16% from December 2008.

Distress sales accounted for 42% of the single family homes sold in December. There were 14 bank owned properties and 6 short sales that were reported as sold on the South Lake Tahoe mls. The six short sale closings is an improvement from November when only 2 short sales sold. The short sales that closed escrow in December had an average days on the market of 295, much higher than the foreclosures that sold which only had an average days on the market of 60. As of January 6ththere are still 38 short sales that are still in escrow on the South Lake Tahoe mls.

South Lake Tahoe Real Estate Statistics for December

There were 48 single family homes sold in December 2009, up from 41 in November 2009, and up from 26 in December 2008.
The average sales price was $472,453, up from $386,217 in November, and down from $523,490 in December 2008.
The median sales price was $346,500, up from $320,000 in November, and down from $412,450 in December 2008.
The average price per square foot was $220, down from $222 in November, and down from $249 in December 2008.
The average days on the market was 155, down from 158 in November, and down from 204 in December 2008.
The median days on the market was 110, down from 122 in November, and down from 136 in December 2008.

There were 4 newer foreclosures sold that were built in 2003 or later, but the other 10 were older homes that needed work. The 14 foreclosures that sold in December had an average sales price of $294,660 and a median sales price of $269,400. The average price per square foot for the sold foreclosures was $176.

Currently on the South Lake Tahoe MLS there are 369 single family homes listed and 80 of them are in escrow. Short sales account for 73 of those listings, and 37 of the short sales are in escrow. There are 42 bank owned foreclosures, and 22 of the foreclosures are currently in escrow.

South Lake Tahoe home buyers took advantage of 22% total decrease in the median home sales price in 2009. There was a 22% increase in homes sold in South Lake Tahoe from 364 units in 2008, to 445 units in 2009. There was also a 3% increase in total volume from $178,081,602 in 2008 to $183,711,317 in 2009. It is clear that home prices are down, and buyer activity is up in South Lake Tahoe.

Tahoe Keys Home Buyer Testimonial

To whom it may concern.
I bought a home in Tahoe Keys from Brent Johnson after terminating our
association with a previous Real Estate Agent because he was not concerned
about our needs and was not helpful at all with our questions. We found
Brent to be very forthcoming and honest on questions I had about the Keys
and their C C & R’s. If Brent did not know what the rule was, he found out
and even printed forms for submission to the Association if we wanted to
make exterior changes.
Brent’s advice on the bidding process helped to make the purchase of our
Vacation Home an easy one and although I could not always do the papers at
his office, he always made the documents available for our signatures and/or
initials in a format that was easy to print on a PC, fill out and then
return via FAX.
Brent was very good with communication if something came up about the
pending purchase.

Thank you Brent for a job well done.

Sincerely,
Jim & Elaine Burkhart

Meadow Front Lot For Sale in South Lake Tahoe

Just listed by South Lake Tahoe real estate agent Brent Johnson

1379 Chinquapin

One of the last available meadow front lots left in South Lake Tahoe! This 7500 square foot meadow front lot has great meadow and mountain views. This great home site has an IPES score of 655 and 4% coverage. Additional coverage is currently available on the South Lake Tahoe MLS for $30 per square foot. Do not miss out on this great setting! Currently there is no waiting for an allocation in El Dorado County so you can begin building this spring!

Please call South Lake Tahoe real estate agent Brent Johnson for additional information regarding this lot. You can also click on the following link to search all lots for sale in South Lake Tahoe on the South Lake Tahoe MLS.