5905 Korlebu Ln Carnelian Bay, CA 96140

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4 beds · 2 baths · 2,396 sq ft · Lot Size: 13,122 sq ft · Single Family Home
Est. Property Value: $1,279,040

High Demand Long-Term RentalValued below Market MedianGood value per sqftOwned for 5 - 10 YearsOwner Age 45 - 55

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5905 Korlebu Ln is in the 96140 neighborhood of Carnelian Bay, CA. It is located in Placer County and ZIP code 96140. This Single Family Home was built in 1966 and is approximately 59 years old. The single family home spans 2396 sq ft with 4 bedrooms and 2 bathrooms and sits on a 13122 sq ft lot. According to public records, it was last sold in 2017 for $699,000 and has a tax-assessed value of $1,102,410, which is $534 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 5905 Korlebu Ln Carnelian Bay, CA 96140 with Property Intel by Whitepages.

Owners & Occupancy for 5905 Korlebu Ln

This property is owned by Julie M Kaley. Owner contact information includes 10 phone numbers and 5 email addresses.

Property Owners

Cell Phone(209) ***-****View Cell Phone
Residence*********
Landline(559) 665-1569
Distance from Property**********
Email Address**********@yahoo.comView Email
Other owned properties (4)
View All Owner Info

Occupancy

Current Occupancy******View Occupancy

Property Financials for 5905 Korlebu Ln

5905 Korlebu Ln, Carnelian Bay, CA has a mortgage from Supreme Lndg (orig. March 11, 2020). The Placer county assessment for 2024 values it at $1,102,410, with annual taxes of $9,501.

Mortgage & Equity Information

Loan Amount$******
LenderSupreme Lndg
Origination DateMarch 11, 2020
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date**************
Equity View Equity
View All Mortgage Info

Property Tax

Purchase DateJune 05, 2017
Property Tax Amount$9,501 in 2024
Purchase Price$699,000
Assessed Value$1,102,410 on 2024

Investment Potential for 5905 Korlebu Ln

The property has a current estimated value of $1,279,040, which is 17% below the zip median, based on public records. It last sold on June 05, 2017 for $699K. Projected long-term
is $44,400 annually ($3,700 per month) with a 26% occupancy rate.

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Long-Term

Gross Rental
$44,400 per year($3,700 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
26%in 96140 zip code
 
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Property Details for 5905 Korlebu Ln

Property Details

Property Sq Ft

Living Area

2,396 sq ft

7% above market

Lot Size

13,122 sq ft

5% above market

Price Per Sq Ft

Living Area

$534 / sq ft

21% below market

Lot Size Area

$97 / sq ft

16% below market

Property condition, age, exterior, etc. for 5905 Korle…
Longitude: -120.070773 Latitude: 39.238327 Parcel Number (APN): 116-030-011-000…

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Discover more single family homes near 5905 Korlebu Ln in Carnelian Bay, California. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 5905 Korlebu Ln in Placer County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$1,279,040
$879,199
$399,841 (45%)
$*******
$1,019,151
$2,035,526 (200%)
YoY Price Change
****%
1.04%
-13%
Year Built
1966
1981
-15 years
Living Space
2,396 sq ft
2,263 sq ft
133 (6%)
$ Per Living Sq Ft
$534
$411
$123 (30%)
Lot Size
13,122 sq ft
7,612 sq ft
5510 (72%)
$ Per Lot Sq Ft
$97
$108
-$11 (-10%)

Net Operating Income
$*****
$25,953
-$6,232 (-24%)
Annual Revenue
$44,400
$44,400
$0 (0%)
$*****
$19,132
$5,547 (29%)
Net Operating Income
$*****
$25,953
-$6,232 (-24%)
Cap Rate
****%
3.23%
—
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Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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