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953 Park Avenue, South Lake Tahoe, CA 96150
$3,977,000
953 Park Avenue, South Lake Tahoe, CA 96150View this property at 953 Park Avenue, South Lake Tahoe, CA 96150
953 Park AvenueSouth Lake TahoeCA96150
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Property Description
Motel property located in the best location in South Lake Tahoe. Walking distance to 24 hour casinos,Lake Tahoe beaches, Edgewood golf coarse, Heavenly Valley skiing and summer activities, entertainment, multiple restaurants, shopping, movies. Everything the traveler could want without needing a car. 13 hotel units plus 2 separate living units. The upstairs living unit could be another hotel rental unit with a kitchen, bedroom and living room. A savvy buyer could really increase the business. Rooms are in good condition and the motel is turn-key ready.
Full Property Details
Full Property Details for 953 Park Ave
General
- Price: $3,977,000
- Status: Active
- Type: Commercial Residential Facility
- MLS ID: 137122
- Updated: 1/22/2024
- Added to Site: 341 day(s) ago
Business
- Name: Paradice Motel
Interior
- Flooring: Carpet
Rooms
Bathrooms
- Restrooms: Three or More
Exterior
- Exterior Features: Land Included
Location
- Area: Stateline
- County: El Dorado
- Cross Streets: Cedar
- Driving Directions: From US Highway 50 go left (North) on Park Ave. Go 2 blocks, the property is on your right.
Heating & Cooling
- Heating Type: Natural Gas
- Water Heater: Natural Gas
Utilities
- Utility Description: ElectricityAvailable, City Sewer, NaturalGasAvailable, Cable TV, Telephone, Community Well
Structural Information
- Construction: Wood Frame, Wood Siding
- Foundation: Concrete/Masonry, Basement/Finished
- Roof: Pitched, Shingle
- Windows: Double Pane
- Windows/Doors: Double Pane
- Wiring: 110 Volts
- Stories/Levels: Two
- Square Feet: 5,132
- Current Bldg. Use: Hotel/Motel
- Year Built: 1959
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,148
- Lot Size Source: (Tax Data)
- Zoning: Commercial
Financial Considerations
- Price Per Acre: $18,938,095.24
- Tenant Pays: Nothing
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.25%
- CC&Rs: Yes
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Schools
Schools serving 953 Park Ave
School District:Lake Tahoe Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1709 Remington Trl, S Lake Tahoe, CA 96150 | K-5 | 3.5 mi | |
2940 Lake Tahoe Blvd, S Lake Tahoe, CA 96150 | 6-8 | 2.1 mi | |
1735 Lake Tahoe Blvd, S Lake Tahoe, CA 96150 | 9-12 | 4.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 953 Park Ave
Date
Details
Price
Change
Source
7/12/2023
Listed
$3,977,000
263.2%
MLS
1/21/2016
Sold
$1,095,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 953 Park Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$13,623
1%
$1,255,448
2%
2022
$13,494
2%
$1,231,187
2%
2021
$13,278
1%
$1,206,151
1%
2020
$13,092
1%
$1,194,098
5%
2019
$13,002
2%
$1,140,798
2%
2018
$12,728
4%
$1,118,430
2%
2017
$12,230
—
$1,096,500
168%
2016
$12,287
148%
$409,511
—
2015
$4,948
3%
$408,646
—
2014
$4,815
-1%
$409,432
-4%
2013
$4,871
—
$426,979
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 953 Park Ave
953 Park Avenue, South Lake Tahoe, CA 96150 (MLS# 137122) is a Commercial Residential Facility property. 953 Park Avenue is currently listed for $3,977,000 and was received on July 12, 2023. Want to learn more about 953 Park Avenue? Do you have questions about finding other Commercial Residential Facility real estate for sale in South Lake Tahoe? You can browse all South Lake Tahoe real estate or contact a Coldwell Banker agent to request more information.