1050 12th St Sparks, NV 89431
Downtown Sparks NeighborhoodEstimated Value: $468,774 - $552,000
4
Beds
2
Baths
2,080
Sq Ft
$252/Sq Ft
Est. Value
Highlights
- Double Pane Windows
- Forced Air Heating System
- Wood Siding
- Drip System Landscaping
- Back and Front Yard Fenced
- 5-minute walk to Ardmore Park
About This Home
As of June 2018Excellent investment opportunity with close to a 7% cap rate!! Two, 2 bed, 1.5 bath units both with one-year leases. Walking distance to schools and shopping. 1050 rents for $1150 a month + $20 trash and 1052 rents for $1200 + $20 trash. Brand new roof! Recent renovations include new carpet, paint, blinds, kitchen sink, interior doors & landscaping for unit 1052. New dishwasher, paint and blinds for unit 1050. Drive by only. Do not disturb tenants. Please make offer contingent upon inspection.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,202
Year Built
- Built in 1981
Lot Details
- 6,098 Sq Ft Lot
- Back and Front Yard Fenced
- Drip System Landscaping
- Sprinklers on Timer
Home Design
- Slab Foundation
- Wood Frame Construction
- Pitched Roof
- Composition Shingle Roof
- Wood Siding
Interior Spaces
- 2,080 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Blinds
- Aluminum Window Frames
- Fire and Smoke Detector
- Laundry in Hall
Kitchen
- Oven or Range
- Dishwasher
Flooring
- Carpet
- Vinyl
Parking
- 3 Parking Spaces
- 2 Parking Spaces Included
- Parking Lot
Utilities
- Cooling System Utilizes Natural Gas
- Forced Air Heating System
- Heating System Uses Natural Gas
- Separate Meters
- Master Water Meter
- Natural Gas Water Heater
- Internet Available
- Phone Available
- Cable TV Available
Listing and Financial Details
- Utilities Included
- Assessor Parcel Number 03109206
Community Details
Overview
- 2 Units
- 12Th Street Community
Building Details
- Net Operating Income $24,633
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 14, 2018
Closed on
May 28, 2018
Sold by
Palmer Shelly and Palmer Robert L
Bought by
Lynn Bradley M and Lynn Karen L
Seller's Agent
Barbra Tuttle
Fathom Realty
Buyer's Agent
Lance Cluff
CalNeva Realty
List Price
$359,000
Sold Price
$350,000
Premium/Discount to List
-$9,000
-2.51%
Total Days on Market
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,944
Avg. Annual Appreciation
6.00%
Purchase Details
Closed on
Dec 27, 2005
Sold by
Law Palmer Shelly and Law Palmer Robert
Bought by
Palmer Shelly and Palmer Robert L
Purchase Details
Closed on
Dec 31, 1997
Sold by
Palmer James L
Bought by
Palmer Robert Law
Purchase Details
Closed on
Oct 2, 1997
Sold by
Mcclure Lestal E and Mcclure Shirley L
Bought by
Palmer Shelly and Palmer James L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
7.44%
Purchase Details
Closed on
Sep 19, 1997
Sold by
Palmer Virginia A
Bought by
Palmer James L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
7.44%
Purchase Details
Closed on
Dec 28, 1993
Sold by
Mcclure Lestal E and Mcclure Shirley L
Bought by
Mcclure Lestal E and Mcclure Shirley L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,100
Interest Rate
7.09%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lynn Bradley M | $350,000 | First American Title Ins Co | |
| Palmer Shelly | -- | None Available | |
| Palmer Robert L | -- | None Available | |
| Palmer Robert Law | -- | -- | |
| Palmer Shelly | $132,000 | First Centennial Title Co | |
| Palmer James L | -- | First Centennial Title Co | |
| Mcclure Lestal E | -- | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Palmer Shelly | $102,000 | |
| Previous Owner | Mcclure Lestal E | $86,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/06/2018 06/06/18 | Sold | $350,000 | -2.5% | $168 / Sq Ft |
| 05/05/2018 05/05/18 | Pending | -- | -- | -- |
| 04/14/2018 04/14/18 | For Sale | $359,000 | -- | $173 / Sq Ft |
Source: Northern Nevada Regional MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,757 | $69,357 | $41,720 | $27,637 |
| 2024 | $1,627 | $67,924 | $38,710 | $29,214 |
| 2023 | $1,627 | $65,552 | $39,305 | $26,247 |
| 2022 | $1,581 | $55,936 | $32,865 | $23,071 |
| 2021 | $1,466 | $48,855 | $25,375 | $23,480 |
| 2020 | $1,378 | $50,260 | $26,250 | $24,010 |
| 2019 | $1,313 | $46,063 | $22,470 | $23,593 |
| 2018 | $1,251 | $38,578 | $15,190 | $23,388 |
| 2017 | $1,202 | $37,518 | $14,000 | $23,518 |
| 2016 | $1,174 | $35,616 | $11,200 | $24,416 |
| 2015 | $307 | $33,228 | $8,050 | $25,178 |
| 2014 | $1,139 | $31,015 | $7,000 | $24,015 |
| 2013 | -- | $30,087 | $6,160 | $23,927 |
Source: Public Records
Agents Affiliated with this Home
-
Barbra Tuttle
Seller's Agent in 2018
Barbra Tuttle
Fathom Realty
(775) 287-8221
5 in this area
49 Total Sales
-
L
Buyer's Agent in 2018
Lance Cluff
CalNeva Realty
Map
Source: Northern Nevada Regional MLS
MLS Number: 180004801
APN: 031-092-06
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The content relating to real estate for sale on this web site comes in part from the Broker Reciprocity/ IDX program of the Northern Nevada Regional Multiple Listing Service°. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo and detailed information about those listings includes the name of the listing brokerage. Any use of the content other than by a search performed by a consumer looking to purchase or rent real estate is prohibited. © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved.
Nearby Homes