8001 Northstar Dr Unit 414 March Wk. 4 - Share 8 · Truckee, CA 96161

$119,000

3 bd · 3.5 ba · 2,272 sqft · SingleFamily · 453 Days on market

Built 2007 Good condition $52/sqft · 8% below area Est $129k · 8% under $1166/mo HOA · 26% of rent ↓ 42% since listing

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +10.9/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.4/10.0
• Rent growth +4.1/5.0
• Condition / age +3.8/5.0
• Livability +2.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here’s a unique opportunity to own a 1/8th deeded ownership in the sought after Catamount Lodge located in the Village at Northstar for an all inclusive ownership experience. As an owner, your primary week will be the 4th-Week-Of-March annually, +4-planned weeks, +unlimited 3-7 days when space available reserved within 30 days, +unlimited 1-7 days when available reserved short notice within 7 days. Check-ins/Check-outs are Friday to Friday. The 2026 Planned Weeks are: 1. Feb 27 - Mar 6 2. Apr 3 - 10 3. Jul 3 - 10 4. Sep 25 - Oct 2 This share offers the perks of full ownership without the commitment allowing for approximately 6-weeks of flexible and generous usage annually. Unlike many other shared ownerships in the area, owners are allowed to rent out their shares short-term. The Village at Northstar is exempt from short-term regulations. Catamount Lodge #414 presents an elegant top-floor penthouse spanning 2,272 square feet across two levels. Situated conveniently opposite the Gondola building, it boasts stunning views of the village ski run. This residence comprises of 3 bedrooms, 3.5 bathrooms, including two luxurious primary suites; one that has a private balcony, a well-appointed gourmet kitchen, vaulted ceilings, and an expansive great room with a floor-to-ceiling natural stone fireplace, a lofted office space, and an expansive 380 square foot wrap-around covered deck, complete with stylish patio furnishings. Enjoy a comprehensive and convenient ownership experience, inclusive of direct slope access, rejuvenating hot-tub spas, state-of-the-art fitness centers, and a heated pool. Additionally, relish access to the Tahoe Mountain Club while in residence, featuring a private village lodge with ski valet storage, an enticing restaurant and bar, and an exclusive on-mountain dining retreat. This residence has been thoughtfully upgraded with new furniture, flooring, artwork, and paint, ensuring a truly exceptional living environment.

Key facts

• Top-floor penthouse
• Private balcony
• Gourmet kitchen

Tags

• DEEDED OWNERSHIP
• TOP-FLOOR PENTHOUSE
• PRIVATE BALCONY
• GOURMET KITCHEN
• NATURAL STONE FIREPLACE
• LOFTED OFFICE SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/3.5-bath single-family listed at $119k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $119k).
• Recommended offer: $105k (12.0% below list) — sets the bar for market timing.
• Cap rate 22.0% vs local median 2.0% in Truckee — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 58/100 on livability (#697 in CA) — a working-class tenant base; expect higher turnover. Strengths: employment A+, housing B; Watch: amenities F, commute F, cost of living F.
• Tahoe-Truckee Unified (town): math 44% / reading 56% proficiency, ranked #136 of 517 in CA (top 26%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+6.6%/yr); 375 active listings in the ZIP; high-income renter base; 3,535 units permitted in Placer County in 2024 (689 in 5+ unit buildings).
• This rent runs 41% of the median local income ($132k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $823 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Placer County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 6.6% rent growth), your $33k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 453 days — a 12% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $86k (42%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 26% of rent.

Recommended offer $104,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 453 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 3.77% ✓
• Cap rate: 21.98%
• Cash-on-cash: 56.02%
• DSCR: 3.49
• GRM: 2.2

CMA / ARV

• ARV (median comp): $128,669
• List price: $119,000
• Delta: -7.51%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8001 Northstar Dr Unit 414 - Presidents' Week	0.01mi	3/3.5	2,272 (0%)	17mo	$269,000	$118	86
2100 North Village Dr Unit 308/12	0.03mi	4/4.0 (+1)	2,400 (+6%)	2mo	$185,000	$77	80
2100 North Village Dr Unit 305/9	0.03mi	3/3.0	2,000 (-12%)	8mo	$120,000	$60	70
2100 North Village Dr Unit 402/14	0.03mi	4/4.0 (+1)	2,400 (+6%)	15mo	$185,000	$77	70
2100 North Village Dr Unit 302/6	0.03mi	4/4.0 (+1)	2,400 (+6%)	16mo	$185,000	$77	69
2100 North Village Dr Unit 304/8	0.03mi	3/3.0	2,000 (-12%)	11mo	$130,000	$65	67
15004 Peak View Pl	0.57mi	3/2.5	2,200 (-3%)	3mo	$479,000	$218	62
2100 North Village Dr Unit 50% of 403/15; N3-81	0.03mi	3/3.0	2,000 (-12%)	18mo	$67,500	$34	61
852 Beaver Pond	0.50mi	4/3.0 (+1)	2,082 (-8%)	9mo	$1,300,000	$624	48
1005 Martis Lndg	0.60mi	4/2.0 (+1)	2,052 (-10%)	3mo	$1,570,000	$765	43
419 Lodgepole	0.70mi	3/4.0	2,548 (+12%)	6mo	$1,995,000	$783	40
1003 Martis Lndg	0.59mi	4/3.0 (+1)	2,032 (-11%)	15mo	$1,795,000	$883	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.59% rent growth · sell at horizon

5-year hold

• IRR: 60.5%
• Equity multiple: 3.92×
• Total profit: $97,352
• Equity at exit: $17,743

10-year hold

• IRR: 67.0%
• Equity multiple: 9.69×
• Total profit: $289,690
• Equity at exit: $10,289

Cash invested: $33,320 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 96161

• Rents YoY: 6.6%
• Active inventory: 375
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $4,486 medium
• Mortgage (P&I): −$624
• Tax est. 1.5%: −$149 /mo · $1,785/yr
• Insurance: −$50
• HOA: −$1,166
• Vacancy / Maint / Mgmt: −$942
• Net cashflow: $1,555

Break-even live

Break-even rent $2,517

Max offer price $119,000

Occupancy floor 60%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $1,166 · $13,992/yr
• Likely covers: poolgym

Listing history 5 events

1. 2026-04-23
   price $119,000 1975-char remark

   Show marketing remark (1975 chars)

   Here’s a unique opportunity to own a 1/8th deeded ownership in the sought after Catamount Lodge located in the Village at Northstar for an all inclusive ownership experience. As an owner, your primary week will be the 4th-Week-Of-March annually, +4-planned weeks, +unlimited 3-7 days when space available reserved within 30 days, +unlimited 1-7 days when available reserved short notice within 7 days. Check-ins/Check-outs are Friday to Friday. The 2026 Planned Weeks are: 1. Feb 27 - Mar 6 2. Apr 3 - 10 3. Jul 3 - 10 4. Sep 25 - Oct 2 This share offers the perks of full ownership without the commitment allowing for approximately 6-weeks of flexible and generous usage annually. Unlike many other shared ownerships in the area, owners are allowed to rent out their shares short-term. The Village at Northstar is exempt from short-term regulations. Catamount Lodge #414 presents an elegant top-floor penthouse spanning 2,272 square feet across two levels. Situated conveniently opposite the Gondola building, it boasts stunning views of the village ski run. This residence comprises of 3 bedrooms, 3.5 bathrooms, including two luxurious primary suites; one that has a private balcony, a well-appointed gourmet kitchen, vaulted ceilings, and an expansive great room with a floor-to-ceiling natural stone fireplace, a lofted office space, and an expansive 380 square foot wrap-around covered deck, complete with stylish patio furnishings. Enjoy a comprehensive and convenient ownership experience, inclusive of direct slope access, rejuvenating hot-tub spas, state-of-the-art fitness centers, and a heated pool. Additionally, relish access to the Tahoe Mountain Club while in residence, featuring a private village lodge with ski valet storage, an enticing restaurant and bar, and an exclusive on-mountain dining retreat. This residence has been thoughtfully upgraded with new furniture, flooring, artwork, and paint, ensuring a truly exceptional living environment.

2. 2026-04-23
   status Active 1975-char remark

   Show marketing remark (1975 chars)

   Here’s a unique opportunity to own a 1/8th deeded ownership in the sought after Catamount Lodge located in the Village at Northstar for an all inclusive ownership experience. As an owner, your primary week will be the 4th-Week-Of-March annually, +4-planned weeks, +unlimited 3-7 days when space available reserved within 30 days, +unlimited 1-7 days when available reserved short notice within 7 days. Check-ins/Check-outs are Friday to Friday. The 2026 Planned Weeks are: 1. Feb 27 - Mar 6 2. Apr 3 - 10 3. Jul 3 - 10 4. Sep 25 - Oct 2 This share offers the perks of full ownership without the commitment allowing for approximately 6-weeks of flexible and generous usage annually. Unlike many other shared ownerships in the area, owners are allowed to rent out their shares short-term. The Village at Northstar is exempt from short-term regulations. Catamount Lodge #414 presents an elegant top-floor penthouse spanning 2,272 square feet across two levels. Situated conveniently opposite the Gondola building, it boasts stunning views of the village ski run. This residence comprises of 3 bedrooms, 3.5 bathrooms, including two luxurious primary suites; one that has a private balcony, a well-appointed gourmet kitchen, vaulted ceilings, and an expansive great room with a floor-to-ceiling natural stone fireplace, a lofted office space, and an expansive 380 square foot wrap-around covered deck, complete with stylish patio furnishings. Enjoy a comprehensive and convenient ownership experience, inclusive of direct slope access, rejuvenating hot-tub spas, state-of-the-art fitness centers, and a heated pool. Additionally, relish access to the Tahoe Mountain Club while in residence, featuring a private village lodge with ski valet storage, an enticing restaurant and bar, and an exclusive on-mountain dining retreat. This residence has been thoughtfully upgraded with new furniture, flooring, artwork, and paint, ensuring a truly exceptional living environment.

3. 2026-04-21
   historical 1975-char remark

   Show marketing remark (1975 chars)

   Here’s a unique opportunity to own a 1/8th deeded ownership in the sought after Catamount Lodge located in the Village at Northstar for an all inclusive ownership experience. As an owner, your primary week will be the 4th-Week-Of-March annually, +4-planned weeks, +unlimited 3-7 days when space available reserved within 30 days, +unlimited 1-7 days when available reserved short notice within 7 days. Check-ins/Check-outs are Friday to Friday. The 2026 Planned Weeks are: 1. Feb 27 - Mar 6 2. Apr 3 - 10 3. Jul 3 - 10 4. Sep 25 - Oct 2 This share offers the perks of full ownership without the commitment allowing for approximately 6-weeks of flexible and generous usage annually. Unlike many other shared ownerships in the area, owners are allowed to rent out their shares short-term. The Village at Northstar is exempt from short-term regulations. Catamount Lodge #414 presents an elegant top-floor penthouse spanning 2,272 square feet across two levels. Situated conveniently opposite the Gondola building, it boasts stunning views of the village ski run. This residence comprises of 3 bedrooms, 3.5 bathrooms, including two luxurious primary suites; one that has a private balcony, a well-appointed gourmet kitchen, vaulted ceilings, and an expansive great room with a floor-to-ceiling natural stone fireplace, a lofted office space, and an expansive 380 square foot wrap-around covered deck, complete with stylish patio furnishings. Enjoy a comprehensive and convenient ownership experience, inclusive of direct slope access, rejuvenating hot-tub spas, state-of-the-art fitness centers, and a heated pool. Additionally, relish access to the Tahoe Mountain Club while in residence, featuring a private village lodge with ski valet storage, an enticing restaurant and bar, and an exclusive on-mountain dining retreat. This residence has been thoughtfully upgraded with new furniture, flooring, artwork, and paint, ensuring a truly exceptional living environment.

4. 2025-10-31
   price $179,000 1975-char remark

   Show marketing remark (1975 chars)

   Here’s a unique opportunity to own a 1/8th deeded ownership in the sought after Catamount Lodge located in the Village at Northstar for an all inclusive ownership experience. As an owner, your primary week will be the 4th-Week-Of-March annually, +4-planned weeks, +unlimited 3-7 days when space available reserved within 30 days, +unlimited 1-7 days when available reserved short notice within 7 days. Check-ins/Check-outs are Friday to Friday. The 2026 Planned Weeks are: 1. Feb 27 - Mar 6 2. Apr 3 - 10 3. Jul 3 - 10 4. Sep 25 - Oct 2 This share offers the perks of full ownership without the commitment allowing for approximately 6-weeks of flexible and generous usage annually. Unlike many other shared ownerships in the area, owners are allowed to rent out their shares short-term. The Village at Northstar is exempt from short-term regulations. Catamount Lodge #414 presents an elegant top-floor penthouse spanning 2,272 square feet across two levels. Situated conveniently opposite the Gondola building, it boasts stunning views of the village ski run. This residence comprises of 3 bedrooms, 3.5 bathrooms, including two luxurious primary suites; one that has a private balcony, a well-appointed gourmet kitchen, vaulted ceilings, and an expansive great room with a floor-to-ceiling natural stone fireplace, a lofted office space, and an expansive 380 square foot wrap-around covered deck, complete with stylish patio furnishings. Enjoy a comprehensive and convenient ownership experience, inclusive of direct slope access, rejuvenating hot-tub spas, state-of-the-art fitness centers, and a heated pool. Additionally, relish access to the Tahoe Mountain Club while in residence, featuring a private village lodge with ski valet storage, an enticing restaurant and bar, and an exclusive on-mountain dining retreat. This residence has been thoughtfully upgraded with new furniture, flooring, artwork, and paint, ensuring a truly exceptional living environment.

5. 2025-02-26
   listed $205,000 Active 1975-char remark

   Show marketing remark (1975 chars)

   Here’s a unique opportunity to own a 1/8th deeded ownership in the sought after Catamount Lodge located in the Village at Northstar for an all inclusive ownership experience. As an owner, your primary week will be the 4th-Week-Of-March annually, +4-planned weeks, +unlimited 3-7 days when space available reserved within 30 days, +unlimited 1-7 days when available reserved short notice within 7 days. Check-ins/Check-outs are Friday to Friday. The 2026 Planned Weeks are: 1. Feb 27 - Mar 6 2. Apr 3 - 10 3. Jul 3 - 10 4. Sep 25 - Oct 2 This share offers the perks of full ownership without the commitment allowing for approximately 6-weeks of flexible and generous usage annually. Unlike many other shared ownerships in the area, owners are allowed to rent out their shares short-term. The Village at Northstar is exempt from short-term regulations. Catamount Lodge #414 presents an elegant top-floor penthouse spanning 2,272 square feet across two levels. Situated conveniently opposite the Gondola building, it boasts stunning views of the village ski run. This residence comprises of 3 bedrooms, 3.5 bathrooms, including two luxurious primary suites; one that has a private balcony, a well-appointed gourmet kitchen, vaulted ceilings, and an expansive great room with a floor-to-ceiling natural stone fireplace, a lofted office space, and an expansive 380 square foot wrap-around covered deck, complete with stylish patio furnishings. Enjoy a comprehensive and convenient ownership experience, inclusive of direct slope access, rejuvenating hot-tub spas, state-of-the-art fitness centers, and a heated pool. Additionally, relish access to the Tahoe Mountain Club while in residence, featuring a private village lodge with ski valet storage, an enticing restaurant and bar, and an exclusive on-mountain dining retreat. This residence has been thoughtfully upgraded with new furniture, flooring, artwork, and paint, ensuring a truly exceptional living environment.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $53,830
• − Mortgage interest: −$6,666
• − Property taxes: −$1,785
• − Insurance: −$595
• − Repairs & maintenance: −$4,306
• − Management: −$4,306
• − HOA: −$13,992
• − Depreciation: −$3,462
• Taxable income: $18,717
• Est. tax owed @ 24.0%: −$4,492
• After-tax cash flow: $14,173/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This property is in good condition with a good condition score of 75. It has a good kitchen, bathrooms, and exterior. The home is move-in ready with minor cosmetic updates that would increase its resale and rental value.

Value-add opportunities

• Both paint the interior walls — fresh paint enhances curb appeal and interior ambiance
• Both replace the fireplace screen — a clean, modern fireplace screen improves the home's aesthetic
• Both install new window treatments — new curtains or blinds can enhance the home's curb appeal and interior ambiance

Renovation cost estimate screening

Value-add ROI direction

• Both paint the interior walls — fresh paint enhances curb appeal and interior ambiance ↑
• Both replace the fireplace screen — a clean, modern fireplace screen improves the home's aesthetic ↑
• Both install new window treatments — new curtains or blinds can enhance the home's curb appeal and interior ambiance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Tahoe-Truckee Unified
• NCES district ID: 0638770
• Math proficiency: 44% ▼ -9.00%
• Reading proficiency: 56% ▼ -4.00%
• Median HH income: $67,136
• Composite: 44.38/100
• National rank: #2816
• State rank: #136 of 517 in CA

Livability — Truckee

• Score: 58/100
• State rank: #697
• US rank: #21110

Category grades

Amenities F Commute F Cost of living F Crime C+ Employment A+ Housing B Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Nevada County · 85,339 people
• City population: 19,634
• Metro: Truckee-Grass Valley, CA
• Population (ZIP): 19,634
• Household income: $131,702
• Rent vs Own: 24.1% rent · 75.9% own
• Severe rent burden: 559.0

Population outlook (Placer County) Hauer SSP2

• Today (2025): 422,709 people
• By 2030: 444,249 · +5.1%
• By 2040: 480,192 · +13.6%
• By 2050: 506,390 · +19.8%
• By 2075: 550,219 · +30.2%
• By 2100: 547,760 · +29.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 12% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 5% Lithuanian 4% Portuguese 3%
• Foreign-born: 10% · Canada, Jamaica, Dominican Republic
• Languages at home: 85% English-only · Spanish 10% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Placer

• 2024 margin: Lean R (+8.5) · D 44.3% · R 52.8% · Other 2.9%
• 2008→2024 swing: +2.8pp toward D · 2008: -11.3pp · 2024: -8.5pp
• All cycles: 2024: R+8.5 2020: R+6.7 2016: R+11.3 2012: R+20.1 2008: R+11.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -307.87%
• Current HPI: 336.9632
• Rent YoY: ▲ 6.59%
• Metro: Truckee-Grass Valley, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

-42.0% since first listed

5 events — show timeline

• 2026-04-23 Price Changed $119,000 TSMLS
• 2026-04-23 Relisted — TSMLS
• 2026-04-21 Delisted — TSMLS
• 2025-10-31 Price Changed $179,000 TSMLS
• 2025-02-26 Listed $205,000 TSMLS