$452,000
$487,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
23240 Lone Pine DR Auburn, CA 95602
0.27 Acres Lot
Key Details
Sold Price $452,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Lone Pine Estates
MLS Listing ID 20035038
Sold Date 10/20/20
HOA Fees $248/mo
HOA Y/N Yes
Originating Board MLS Metrolist
Year Built 1986
Lot Size 0.270 Acres
Acres 0.27
Property Description
This Lake of the Pines duplex represents an exceptional investment opportunity to own rental income property in one of the most beautiful and sought-after membership communities in the Sierra Foothills. Over 2000 single family homeowners enjoy the pristine lake and fabulous amenities of this community, but only a few lucky investors own one of the few remaining duplex properties. There are two duplexes for sale (see also MLS #20035813 - now in escrow). This duplex offers two units each with 3 bedrooms/2 baths and a 2-car garage (1394 SF +/-). This investment offers excellent current cash flow along with a huge financial upside by completing the approved condo conversion and selling the units individually. Additionally, the newer construction assures that all building systems will provide many more years of low maintenance operation.
Location
State CA
County Nevada
Area 13115
Direction Hwy 49N to Combie Rd. straight on Magnolia, rt on Lakeshore N. to Guard Gate. You must be pre-registered with guardhouse for admission. Rt on Torrey Pine, rt on Lone Pine. House on right.
Interior
Heating Central, Propane
Cooling Ceiling Fan(s), Central
Flooring Carpet, Linoleum/Vinyl
Window Features Dual Pane Full
Appliance Dishwasher, Disposal, Free Standing Electric Range, Gas Cook Top, Gas Water Heater, Microwave
Exterior
Garage Garage
Garage Spaces 2.0
Utilities Available Cable Available, Internet Available
Amenities Available Club House, Playground, Pool Heated
Water Access Desc Public
Roof Type Composition
Building
Story 1
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Contemporary, Tract
Schools
Elementary Schools Pleasant Ridge
Middle Schools Pleasant Ridge
High Schools Nevada Joint Union
School District Nevada
Others
Senior Community No
Tax ID 021-740-018-000
Special Listing Condition None
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Bought with Jessica Lunsford, Broker