Mills Act Homes For Sale: 1880 Mansion in Historic Truckee, California
Truckee is a community rich in history, character, and homes that tell the story of our mountain town. For those who appreciate the charm of historic properties, opportunities like 10114 East Jibboom Street offer a wonderful glimpse into what makes Old Town Truckee so special. In this featured article, originally published by Dickson Realty, we take a closer look at this historic property and the Mills Act, a program that can offer property tax savings to qualifying historic homeowners. Whether you’re exploring the possibilities of owning a piece of Truckee’s history or simply enjoy learning more about our local real estate, we invite you to read on!
Rooted in the rich heritage of Truckee, a town shaped by 19th-century loggers, railroad pioneers, and the ice-harvesting trade, 10114 E Jibboom Street stands as a living piece of local history. A rarity among California Mills Act homes for sale in historic Truckee, CA, this 1880 residence offers scale, an irreplaceable setting, and property tax savings for a buyer who values stewardship and the opportunity to carry on a storied legacy.
Perched on .39 acres on a street-to-street parcel, this 3,619-square-foot residence is also blocks from Historic Downtown Truckee. Built in 1880 by Andrew J. Graham, a local businessman connected to Truckee’s lumber trade, and his wife Christina, the home is one of the last grand Victorian-era residences with classic Italianate cornice brackets, slender colonettes, and projecting bay windows.
Over the past decades, the home’s current owners have completed major capital improvements to the systems and structure. Now, its next owner can complete the home on their own with vision and resourcefulness.
“We believe the perfect buyer loves our area’s history, wants to preserve its character, and has the vision to bring it back to life,” said Chris Carroll, who holds the listing with Allyson Raber of Dickson Realty.
Historic Downtown Truckee Sits a Tenth of a Mile Away
You can change almost anything about a house except where it sits, and 10114 E Jibboom Street offers a great location with easy access to Historic Downtown Truckee and nearby shops, dining, services, trails, and transit.
“You’re in the heart of Truckee,” Carroll said. “Truckee Thursdays, the river, the community events, the music, it’s all right there without moving your car.”
While many homes are close to downtown, few offer this scale of square footage, acreage, and the benefits of being in town and being part of its story. In all the Tahoe Sierra Multiple Listing Service history on record, only eight addresses this size have come to market near Truckee’s historic downtown, and new construction downtown is mostly zoned Downtown High Density Residential.
Additionally, the property has the potential to add an Accessory Dwelling Unit (ADU) or a Junior Accessory Dwelling Unit (JADU), opening up even more possibilities for multi-generational living, guest accommodations, or rental income.
Historic Home Restoration: What’s Done and What the Next Owner Decides
Truckee’s Historic Resources Inventory rates the house as Category B, a contributor to the historic character of downtown, and the Town’s surveyor called it the only house of its size left on its hillside.
The current owner, one of only three families since 1880, has spent decades addressing some of the heaviest, most critical infrastructure work. Key capital improvements already completed include:
- Electrical: The entire home now features a new electrical panel, and all wiring in the restored section has been replaced.
- Plumbing: The sewer and water supply lines throughout the home have been replaced.
- Foundation Retrofitting: Comprehensive foundation stabilization and retrofitting were completed beneath the 1880 timber frame.
- Engineered Drainage: French drains run around the main residence and detached garage, supported by engineered retaining walls.
- New Garage & Workshop: A modern, detached two-car garage includes a lower-level workshop with its own exterior entrance.
Inside, the main floor offers comfortable, habitable living space, including an updated primary bedroom, bathrooms, an entry, a breezeway, and a laundry room, as well as a country kitchen, a traditional parlor, a sitting room, a family room, and an additional area awaiting future renovation.
While the home’s main level offers a primary bedroom and one and a half baths today, other portions of the main floor, as well as the second floor, offer flexibility that can be configured into four more bedrooms and several bathrooms. Below, a huge dirt-floor basement could become cold storage, a wine cellar, or a bonus space for recreation or entertaining.
“Whenever someone steps into that dirt-floor basement, their eyes light up,” Carroll said. “You can see them imagining the incredible transformations. This space is full of potential!”
The home’s exterior is also primed for a return to its historic roots, which included a full-width porch, a second-story balcony, and a balustraded front stair leading to the balcony, as shown by a photograph from the house’s early years and records from the Town’s architectural survey.
The asking price for 10114 E Jibboom Street is $1,250,000, which equates to $345 per square foot. Beyond its key completed infrastructure improvements, a buyer will benefit from the potential tax advantages of the home’s Mills Act status. For more details or a private showing, contact listing agents Chris Carroll and Allyson Raber.
Mills Act Homes For Sale Come With a Contract, and a Partner
For an owner planning to restore original features, such as rebuilding the classic front porch and balcony, one of the greatest benefits of this property is its status as an active Mills Act home for sale in California. The state created the Mills Act to promote historic preservation by establishing a formal agreement between the town and the property owner that provides property tax relief.
In 2004, Truckee established one of its first five Mills Act contracts for this house. This agreement operates on a rolling 10-year term and automatically transfers to the new owner upon closing. It can reduce annual carrying costs, leading to substantial tax savings over the decade. The Town of Truckee requires owners to reinvest these tax savings into ongoing care, maintenance, and exterior preservation of the property, which helps mitigate project costs over time.
The Town’s Mills Act page explains the program in more detail. Specific tax assessments vary based on individual circumstances. Prospective buyers should consult a qualified tax advisor or certified public accountant to review the exact mechanics and long-term tax benefits of this Mills Act contract.
ABOUT THE CARROLL RABER REAL ESTATE TEAM
When it comes to finding the perfect property in Truckee – Lake Tahoe, California, the Carroll Raber Real Estate Team, is an ideal choice. With 40+ years of combined experience in the local real estate market, Chris & Ally have an in-depth understanding of the area and the buying & selling processes. They will provide you with valuable advice, guidance and expert negotiation skills during the sale or purchase of your next property.
The Carroll Raber Real Estate Team is committed to providing the highest level of customer service while helping you achieve your real estate goals. Chris & Ally strive to make the process of purchasing or selling as stress-free and enjoyable as possible, with the best possible outcome.
Contact Chris Carroll and Ally Raber today.
Truckee is a community rich in history, character, and homes that tell the story of our mountain town. For those who appreciate the charm of historic properties, opportunities like 10114 East Jibboom Street offer a wonderful glimpse into what makes Old Town Truckee so special. In this featured article, originally published by Dickson Realty, we take a closer look at this historic property and the Mills Act, a program that can offer property tax savings to qualifying historic homeowners. Whether you’re exploring the possibilities of owning a piece of Truckee’s history or simply enjoy learning more about our local real estate, we invite you to read on!
Rooted in the rich heritage of Truckee, a town shaped by 19th-century loggers, railroad pioneers, and the ice-harvesting trade, 10114 E Jibboom Street stands as a living piece of local history. A rarity among California Mills Act homes for sale in historic Truckee, CA, this 1880 residence offers scale, an irreplaceable setting, and property tax savings for a buyer who values stewardship and the opportunity to carry on a storied legacy.
Perched on .39 acres on a street-to-street parcel, this 3,619-square-foot residence is also blocks from Historic Downtown Truckee. Built in 1880 by Andrew J. Graham, a local businessman connected to Truckee’s lumber trade, and his wife Christina, the home is one of the last grand Victorian-era residences with classic Italianate cornice brackets, slender colonettes, and projecting bay windows.
Over the past decades, the home’s current owners have completed major capital improvements to the systems and structure. Now, its next owner can complete the home on their own with vision and resourcefulness.
“We believe the perfect buyer loves our area’s history, wants to preserve its character, and has the vision to bring it back to life,” said Chris Carroll, who holds the listing with Allyson Raber of Dickson Realty.
Historic Downtown Truckee Sits a Tenth of a Mile Away
You can change almost anything about a house except where it sits, and 10114 E Jibboom Street offers a great location with easy access to Historic Downtown Truckee and nearby shops, dining, services, trails, and transit.
“You’re in the heart of Truckee,” Carroll said. “Truckee Thursdays, the river, the community events, the music, it’s all right there without moving your car.”
While many homes are close to downtown, few offer this scale of square footage, acreage, and the benefits of being in town and being part of its story. In all the Tahoe Sierra Multiple Listing Service history on record, only eight addresses this size have come to market near Truckee’s historic downtown, and new construction downtown is mostly zoned Downtown High Density Residential.
Additionally, the property has the potential to add an Accessory Dwelling Unit (ADU) or a Junior Accessory Dwelling Unit (JADU), opening up even more possibilities for multi-generational living, guest accommodations, or rental income.
Historic Home Restoration: What’s Done and What the Next Owner Decides
Truckee’s Historic Resources Inventory rates the house as Category B, a contributor to the historic character of downtown, and the Town’s surveyor called it the only house of its size left on its hillside.
The current owner, one of only three families since 1880, has spent decades addressing some of the heaviest, most critical infrastructure work. Key capital improvements already completed include:
- Electrical: The entire home now features a new electrical panel, and all wiring in the restored section has been replaced.
- Plumbing: The sewer and water supply lines throughout the home have been replaced.
- Foundation Retrofitting: Comprehensive foundation stabilization and retrofitting were completed beneath the 1880 timber frame.
- Engineered Drainage: French drains run around the main residence and detached garage, supported by engineered retaining walls.
- New Garage & Workshop: A modern, detached two-car garage includes a lower-level workshop with its own exterior entrance.
Inside, the main floor offers comfortable, habitable living space, including an updated primary bedroom, bathrooms, an entry, a breezeway, and a laundry room, as well as a country kitchen, a traditional parlor, a sitting room, a family room, and an additional area awaiting future renovation.
While the home’s main level offers a primary bedroom and one and a half baths today, other portions of the main floor, as well as the second floor, offer flexibility that can be configured into four more bedrooms and several bathrooms. Below, a huge dirt-floor basement could become cold storage, a wine cellar, or a bonus space for recreation or entertaining.
“Whenever someone steps into that dirt-floor basement, their eyes light up,” Carroll said. “You can see them imagining the incredible transformations. This space is full of potential!”
The home’s exterior is also primed for a return to its historic roots, which included a full-width porch, a second-story balcony, and a balustraded front stair leading to the balcony, as shown by a photograph from the house’s early years and records from the Town’s architectural survey.
The asking price for 10114 E Jibboom Street is $1,250,000, which equates to $345 per square foot. Beyond its key completed infrastructure improvements, a buyer will benefit from the potential tax advantages of the home’s Mills Act status. For more details or a private showing, contact listing agents Chris Carroll and Allyson Raber.
Mills Act Homes For Sale Come With a Contract, and a Partner
For an owner planning to restore original features, such as rebuilding the classic front porch and balcony, one of the greatest benefits of this property is its status as an active Mills Act home for sale in California. The state created the Mills Act to promote historic preservation by establishing a formal agreement between the town and the property owner that provides property tax relief.
In 2004, Truckee established one of its first five Mills Act contracts for this house. This agreement operates on a rolling 10-year term and automatically transfers to the new owner upon closing. It can reduce annual carrying costs, leading to substantial tax savings over the decade. The Town of Truckee requires owners to reinvest these tax savings into ongoing care, maintenance, and exterior preservation of the property, which helps mitigate project costs over time.
The Town’s Mills Act page explains the program in more detail. Specific tax assessments vary based on individual circumstances. Prospective buyers should consult a qualified tax advisor or certified public accountant to review the exact mechanics and long-term tax benefits of this Mills Act contract.
ABOUT THE CARROLL RABER REAL ESTATE TEAM
When it comes to finding the perfect property in Truckee – Lake Tahoe, California, the Carroll Raber Real Estate Team, is an ideal choice. With 40+ years of combined experience in the local real estate market, Chris & Ally have an in-depth understanding of the area and the buying & selling processes. They will provide you with valuable advice, guidance and expert negotiation skills during the sale or purchase of your next property.
The Carroll Raber Real Estate Team is committed to providing the highest level of customer service while helping you achieve your real estate goals. Chris & Ally strive to make the process of purchasing or selling as stress-free and enjoyable as possible, with the best possible outcome.
Contact Chris Carroll and Ally Raber today.