Most Recent McCloud Condo Sale: Unit #2

This posting is for the clients and friends who like to track McCloud condo sales because when prices rise in this complex, they are also generally rising throughout the Incline market.

170 Village, unit 2, Incline Village

Ask price: $499,000 Sale price: $490,000 Close date: 7-2-15

ML#:942673

ASKING PRICE:  $499,000    ASK PRICE PER SQ FT: $429.43

SELLING SPRICE:  $490,000     SALE PRICE PER SQ FT: $421.69

STATUS: SOLD

YEAR BLT:1988

APRX SF: 1162

BED: 2

BATH: 2

CONTINUOUS DAYS ON MARKET: 22

GARAGE: 1 ,DETACHED

SELLING DATE: 07/02/15

PRICE DIFFERENTIAL: 98.20%

IVGID: All Privileges

STORIES: One 

FURNISH: N

CONDITION: Previously Owned

UNIT LOCATION: End Unit

COMPLEX: Mccloud

FIREPLACE: 1 ,Living Rm ,Riverock

INSIDE: Cathedral Ceilings

OUTSIDE: Sprinklers ,Landscaping ,Deck ,Cable Tv

APPLIANCES: Refrigerator ,Electric Range ,Electric Oven ,Microwave, Dishwasher ,Disposal ,Clothes Washer ,Clothes Dryer

FLOOR: Partial Carpet 

ROOF: Pitched Roof ,Composition

HEAT: Hydronic Heat ,Gas Natural Heat

AMENITIES: Common Spa

Rare upper McCloud unit with mud room entry and large covered sun deck. Great floor plan. South facing living room has high ceilings and large windows allowing the sunshine to stream in. River rock fireplace. Very private setting.

APN: 127 -72 -1

TOWN: Incline Village

HOMEOWNER ASSOC: Y

DUES: $413 

ASSOC ASSEM: N

TAXES: $3,095  BONDS: $0 

HOA TRANSFER FEE: $500 

WARRANTY: N

*** Information Herein Is Deemed Reliable, But Is Not Guaranteed ***

22-Jul-2015 11:53 AM COPYRIGHT, 2000, INCLINE VILLAGE, MLS ---

Six McCloud Condo Sales for 2012 YTD as of 9/5/12

LINK: McCloud condo sales year to date

McCloud sales are healthy with six units sold this year to date as of 9-5-12.

When unit sales are active in this complex it indicates that the market has solid buyer interest in Incline.

The complex now has 9 active listings and 4 escrowed units.  Last winter the number of listings was usually in the middle teens.

Sales prices for the most typical two bedroom are around 400k.  There was one short sale that sold for only 315k.  A 1300+ s.f. two bedroom unit sold for 450k.  In general, the data points toward healthy sales with the occasional foreclosure affected deal moving through.

The McCloud barometer for the Incline market receives a thumb up.




Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog.  For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

JUST SOLD - McCloud unit 234, 931 Incline Way - Asked: $425k Sold: $350k

LINK: MLS Sale data for McCloud unit 234

This unit was listed on 6/30/11 and the deal was a short sale.



Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog.  For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

MCCLOUD CONDOS ARE SELLING - PRICES REMAIN LOW

McCloud unit 96, a one bedroom penthouse unit, is now priced at $279,000.  That asking price should attract buyers.  The complex has a great location, is close to Incline Beach, the recreation center and the tennis complex.  McCloud units are relatively small in square footage but easy to own and they rent well as vacation rentals.

LINK: ACTIVE MCCLOUD LISTINGS as of 4/29/2011

There are currently nine active McCloud condo units on the market.  That number is down quite a bit when compared to last summer's selling season when there were typically about 15 units for sale.  Two units are currently in escrow.

Three bedroom units are now priced in the 500k to 600k range.  Two bedroom units are ranging from about 350k to 450k, depending on size, location and condition.  There is one one-bedroom unit on the market and it is listed at $279,000.

The inventory is being absorbed but prices are still at market lows relative to historical pricing.  Before the economic meltdown, the two bedrooms were running over 500k and the three bedrooms were in the high 700k area.

Thank you for viewing the Lake Tahoe / Incline Village Real Estate Blog.   For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

ALL CURRENT MLS CONDO LISTINGS IN INCLINE VILLAGE / CRYSTAL BAY

JUST SOLD / MLS - MCCLOUD UNIT 250 - 931 INCLINE WAY - ASK: $549,000 SOLD: $537,000

The sale of this remodeled 3 BR, 2.5 BA unit in McCloud sets a new, recent, low sale price for this relatively rare (three bedroom) unit type in that complex.

MCCLOUD CONDO MARKET IS A BAROMETER FOR THE INCLINE REAL ESTATE MARKET

McCloud condo sales have historically been a good indicator of how the real estate market is trending in Incline Village.  Listings outstanding usually span a range of say 10 to 18.  Right now there are 17 (follow link below to view).  Escrow activity is good with 4 properties currently under contract.  The last sale in the complex was in December, 2010.

I would say that the market in McCloud units is now relatively active and healthy.  Prices are firming up.  The inventory presents some choice and sales are closing on a regular basis even though we are in the winter doldrums (however, it's an awesome ski season!).

The activity bodes well for the Incline Village real estate market looking forward.  Prices on the most typical two bedroom McCloud units have steadied at around $400k, some a little higher, some a little lower.  Once the two beds are priced under the $400k level they seem to get a lot of attention.  If the unit is well located, meaning the living area looks out to some open space, and there is good sunlight, the unit is shown often.  Simple interior upgrades go a long way in terms of obtaining a higher price and less market time.

In whole, the Mccloud condominium complex contains 256 units within eight clusters.  The developer designed the complex well by virtue of using the clustering layout.  There are primarily two bedroom units.  Each cluster contains four one bedrooms.  Three bedrooms are somewhat prized and there are just a few in each cluster.  There is a spa and sauna in each cluster.  All units have a one car garage.

Nearly everyone appreciates the nice landscaping in the complex and the location is terrific because of the proximity to Incline Beach, the Rec Center, Tennis Complex, Village Green and the Hyatt Regency Lake Tahoe.  Starbucks is just up the street and your kayak, in an IVGID rack at the boat ramp, just a walkable block away.

Following are links to recent MLS activity as of 3-25-11.

McCloud Condo Complex Active Listings (17 Units as of 3-25-11)

McCloud Condo Complex MLS Escrowed Listings (4 Units as of 3-25-11)

McCloud Condo Complex MLS Most Recent Sales (3 Last as of 3-25-11)

NEW LOW PRICE ON A MCCLOUD 3 BEDROOM

It has been years since I've seen a three bedroom McCloud priced anywhere near the $549,000 asking price of unit 250.  If you know anyone who wants a unit that is extremely walkable to the beach, rec center, tennis center and Hyatt, this appears to be a great deal.

The units in this complex have the benefit of a strong HOA balance sheet and competent maintenance.  McCloud units make great vacation homes and the three bedooms are arguably the best rentals in the village.

Call me at 775-771-7338 to tour McCloud units.  There are currently 16 on the market including 3 three bedroom units.  Write me at Randy@RandyBull.com with particular questions.

McCloud Unit 250

McCloud Active MLS Listings (16)