NOT LISTED FOR SALE

Estimated Value: $386,000 - $526,000

4 Beds
2 Baths
1,808 Sq Ft
$260/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $330,000 $183 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $2,725/month

26 Days on Market

Highlights

  • Double Pane Windows
  • Landscaped
  • Forced Air Heating System
  • 1-Story Property
  • Luxury Vinyl Tile Flooring
  • 2 Car Garage

About This Home

As of October 2018

Investor alert! Well maintained duplex in Sparks. Each unit has 2 bedrooms, 1 bath, a 1-car garage, 904 SF and separate fenced yards. Upgrades include new electric service panels 2018, kitchen remodels in 2005 & 2006, new vinyl windows 2003, new roof 1998. Both units have tenants with leases in place until 3/31/2019. See extended remarks:

Last Listed By

Beth Nitz

Dickson Realty - Damonte Ranch License #S.40119 Listed on: 08/02/2018

Dickson Realty - Damonte Ranch

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $831

Year Built

  • Built in 1965

Lot Details

  • 6,534 Sq Ft Lot
  • Back Yard Fenced
  • Landscaped

Home Design

  • Wood Frame Construction
  • Pitched Roof
  • Asphalt Roof
  • Masonite

Interior Spaces

  • 1,808 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Blinds
  • Crawl Space
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Carpet
  • Luxury Vinyl Tile

Parking

  • 2 Car Garage
  • 1 Parking Space Included
  • Parking Available

Utilities

  • Cooling System Utilizes Natural Gas
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Electric Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 02726511

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$831

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Type Of Property: Duplex, Triplex, 4-Plex
  • Extended Remarks: Unit 1682 – Plants in front yard, storage shed, security cameras and shelving in the garage belong to tenant. 24 hours notice to show. Please drive by before scheduling showing. Listing agent must be present.
  • Lvt Date: 08/03/2018
  • Year Built: 1965
  • Access Type: Public
  • Xstreet Directions: Rock
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Oven/Range, Refrigerator
  • Water Heater: Electric
  • Flooring: Carpet, Vinyl Tile
  • Price Per Sq Ft: 182.52
  • Sold Price Per Sq Ft: 182.52
  • Source Of Sq Ft: Assessor
  • Gross Sq Ft: 1808

Exterior Features

  • Windows: Double Pane, Vinyl Frame
  • Construction: Wood Frame
  • Exterior: Masonite
  • Fenced: Back
  • Foundation: Concrete/Crawl Space
  • Landscaped: Partially Landscaped, Yes
  • Roof: Asphalt, Pitched
  • Stories: 1 Story

Garage/Parking

  • Total Parking Capacity: 2
  • Parking Capacity Per Unit: 1
  • Parking Types: Attached, Garage

Utilities

  • Heating Cooling: Natural Gas, Forced Air
  • Internet: Yes
  • Utilities: Cable, City/County Water, City Sewer, Electricity, Natural Gas, Telephone, Water Meter Installed
  • Facility Features: Separate Heating/Cooling, Separate Meters-Electric, Separated Meters-Gas, Separate Water Heaters, Tenant Pays Utilities
  • Individually Metered: Yes
  • Laundry: Garage

Lot Info

  • Acreage: 0.15
  • Parcel Number: 02726511
  • Zoning Actual: MF-2

Green Features

  • Green Features: Double Pane Windows

Rental Info

  • Current Lease: Leases

Tax Info

  • Taxes Dollar: 830.69

Multi Family

  • Number Units: 2
  • Unit Features: Blinds/Shades

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2021
Sold by
Lee Cady and Lee Fred
Bought by
Lee Investments Llc Series 1
Total Days on Market
26
Current Estimated Value
$470,909

Purchase Details

Listed on
Aug 2, 2018
Closed on
Sep 21, 2018
Sold by
Simmons Reed and Simmons Mary O
Bought by
Lee Cady and Lee Fred
Seller's Agent
Beth Nitz
Dickson Realty - Damonte Ranch
Buyer's Agent
Chris McCain
DL Realty
List Price
$350,000
Sold Price
$330,000
Premium/Discount to List
-$20,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.52%
Original Mortgage
$247,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2008
Sold by
Simmons Reed and Simmons Mary O
Bought by
Simmons Reed and Simmons Mary O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.72%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 25, 2008
Sold by
R & M Nevada Iii Llc
Bought by
Simmons Reed and Simmons Mary O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.72%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 13, 2007
Sold by
Simmons Reed C and Simmons Mary O
Bought by
R & M Nevada Iii Llc

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lee Investments Llc Series 1 -- None Available
Lee Cady $330,000 Ticor Title
Simmons Reed -- First American Title Reno
Simmons Reed -- First American Title Reno
R & M Nevada Iii Llc -- None Available
Simmons Reed Carlton -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Cady $247,750
Closed Lee Cady $247,500
Previous Owner Simmons Reed $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2018 10/05/18 Sold $330,000 -5.7% $183 / Sq Ft
08/28/2018 08/28/18 Pending -- -- --
08/02/2018 08/02/18 For Sale $350,000 -- $194 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History Compared to Growth

Source: Public Records

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 $1,219 $65,325 $43,365 $21,960
2024 $1,219 $62,808 $40,635 $22,173
2023 $1,130 $60,647 $41,510 $19,137
2022 $1,047 $49,561 $33,355 $16,206
2021 $969 $43,514 $27,615 $15,899
2020 $912 $42,180 $26,530 $15,650
2019 $869 $37,391 $22,470 $14,921
2018 $831 $29,509 $15,190 $14,319
2017 $807 $27,958 $14,000 $13,958
2016 $789 $25,076 $11,200 $13,876
2015 $204 $21,976 $8,050 $13,926
2014 $760 $20,801 $7,000 $13,801
2013 -- $20,200 $6,160 $14,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 180011448

Northern Nevada Regional MLS

APN: 027-265-11