Pine Forest

118 Home sites surrounded by 130 acres of permanent open space managed by the Truckee Donner Land Trust. Located just north of the junction of Interstate 80, State Highway 89 (North) and the Highway 267 bypass, Pine Forest development is just minutes away from Downtown Truckee and there are plans for a connecting bike trail to Truckee's historic Commercial District.

The home sites, ranging from 1/3 acre to over an acre in size, are perfectly sited for privacy. Some provide filtered mountain views and all offer underground utilities directly to the property including DSL. All home sites are construction ready for the 2005 building season.

The Homeowner's Association fee for 2005 has been set at $45 per month, which is a relatively low number for comparable mountain developments.

Design guidelines maintain high standards for new home construction while allowing for a broad range of home size from 1600 square feet to over 4000 square feet. Detached secondary units are allowed. Upon request, a copy of the Pine Forest at Truckee Design Guidelines Booklet can be mailed to you.

PINE FOREST LOT SALES DATA

YEAR
Total Sales
Number of Closed Transactions
Average
Sales Price
Avgerage Days on Market
Lowest Sold
Lot Price
Highest Sold Lot Price
Sold Price
as % of
Original
List Price
2002
$182,000
1
$182,000
67
$182,000
$182,000
100%
2003
$165,000
1
$165,000
308
$165,000
$165,000
89%
2004
$15,901,850
76
$209,235
154
$150,000
$306,400
96%
2005
(thru 05/14/05)
$2,037,500
6
$339,583
119
$265,000
$387,500
98.83%

Currently, there are 28 lots listed for sale in Pine Forest. The asking price for the actively list lots ranges from a low of $300,000 to a high of $450,000 and the average asking price is $276,104;

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Ellen Grace with

Email: Realtor@EllenGrace.com
(530) 448-3068
Office Direct (530) 582-2455

Fax: (530) 579-3234