NOT LISTED FOR SALE

1940 Prater Way Sparks, NV 89431

Downtown Sparks Neighborhood

Estimated Value: $740,470

21 Beds
9 Baths
6,400 Sq Ft
$116/Sq Ft Est. Value

Last Sold August 02, 2016

Last sale price $350,000 $55 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $4,557/month

21 Days on Market

Highlights

  • 0.74 Acre Lot
  • 1-Story Property
  • Property is Fully Fenced
  • Triple Pane Windows
  • Landscaped
  • 5-minute walk to Deer Park

About This Home

As of August 2016

This home is located at 1940 Prater Way, Sparks, NV 89431 since 24 June 2016 and is currently estimated at $740,470, approximately $115 per square foot. This property was built in 1950. 1940 Prater Way is a home located in Washoe County with nearby schools including Kate M Smith Elementary School, Sparks Middle School, and Sparks High School.

Last Listed By

Victor McDonald

Collins & Associates License #S.168041 Listed on: 06/24/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,272

Year Built

  • Built in 1950

Lot Details

  • 0.74 Acre Lot
  • Property is Fully Fenced
  • Landscaped

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Pitched Roof
  • Asphalt Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 6,400 Sq Ft Home
  • 1-Story Property
  • Triple Pane Windows
  • Crawl Space

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • 10 Parking Spaces
  • 2 Parking Spaces Included

Utilities

  • Cooling System Utilizes Natural Gas
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Master Meter
  • Master Gas Meter
  • Natural Gas Water Heater
  • Internet Available
  • Phone Available

Community Details

  • 4 Buildings
  • 8 Units
  • Prater Way Community

Listing and Financial Details

  • Utilities Included
  • Assessor Parcel Number 03133005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,272

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Type Of Property: Duplex, Triplex, 4-Plex
  • Lvt Date: 06/29/2016
  • Year Built: 1950
  • Access Type: Public
  • Xstreet Directions: Prater Way and !9th Street
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies Per Unit
  • Water Heater: Electric, Natural Gas
  • Flooring: Carpet, Laminate, Sheet Vinyl
  • Price Per Sq Ft: 54.69
  • Sold Price Per Sq Ft: 54.69
  • Source Of Sq Ft: Owner
  • Gross Sq Ft: 6400

Exterior Features

  • Windows: Single Pane, Triple Pane
  • Construction: Masonry
  • Exterior: Brick, Vinyl Siding
  • Fenced: Full
  • Foundation: Concrete/Crawl Space, Concrete Slab
  • Landscaped: Partially Landscaped
  • Roof: Asphalt, Pitched
  • Stories: 1 Story

Garage/Parking

  • Total Parking Capacity: 10
  • Parking Capacity Per Unit: 2

Utilities

  • Heating Cooling: Electric, Natural Gas, Wall Heater
  • Internet: Yes
  • Utilities: City/County Water, City Sewer, Electricity, Natural Gas, Telephone
  • Facility Features: Landlord Pays Utilities, Master Meter-Electric, Master Meter-Gas, Tenant Pays Utilities
  • Laundry: Varies Per Unit

Condo/Co-op/Association

  • Complex Name: Prater Way

Lot Info

  • Acreage: 0.74
  • Parcel Number: 03133005
  • Zoning Actual: MUD

Green Features

  • Green Features: Triple Pane Windows

Rental Info

  • Current Lease: Month to Month

Tax Info

  • Taxes Dollar: 4271.77

Multi Family

  • Annual Expenses: 14401
  • Annual Vacancy: 5
  • Gross Scheduled Income: 46260
  • Number Units: 8
  • Unit Features: Varies Per Unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2024
Sold by
Wtw Kuhn Living Trust and Lopez Robert
Bought by
Eagle Valley Group Llc
Total Days on Market
21
Current Estimated Value
$740,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Outstanding Balance
$406,916
Interest Rate
7.02%
Mortgage Type
Seller Take Back
Estimated Equity
$333,554

Purchase Details

Listed on
Jun 24, 2016
Closed on
Aug 1, 2016
Sold by
Mcclure Shirley L
Bought by
Kuhn Lorenz S and Kuhn Kamala Y
Seller's Agent
Victor McDonald
Collins & Associates
Buyer's Agent
Victor McDonald
Collins & Associates
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.89%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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
Eagle Valley Group Llc $750,000 Stewart Title
Kuhn Lorenz S $350,000 First Centennial Reno
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eagle Valley Group Llc $410,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2016 08/02/16 Sold $350,000 0.0% $55 / Sq Ft
07/15/2016 07/15/16 Pending -- -- --
06/24/2016 06/24/16 For Sale $350,000 -- $55 / 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 $5,428 $169,530 $112,297 $57,233
2024 $5,428 $155,035 $96,984 $58,051
2023 $5,029 $147,596 $96,984 $50,612
2022 $4,666 $133,635 $91,880 $41,756
2021 $4,326 $116,954 $76,566 $40,388
2020 $4,323 $117,023 $76,566 $40,457
2019 $4,279 $114,769 $76,566 $38,203
2018 $4,226 $113,454 $76,566 $36,888
2017 $4,220 $113,355 $76,566 $36,789
2016 $4,220 $113,852 $76,566 $37,286
2015 $4,279 $113,344 $76,566 $36,778
2014 $4,178 $111,726 $76,566 $35,160
2013 -- $110,405 $76,566 $33,839
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2016

    Victor McDonald

    Collins & Associates

    (775) 315-0592

    Section Image
See All Agents

Map

Source: Northern Nevada Regional MLS

MLS Number: 160009607

Northern Nevada Regional MLS

APN: 031-330-05

Nevada Washoe County Sparks 89431 Downtown Sparks

1940 Prater Way, Sparks, NV

Homes for Sale in Sparks, NV

This home is located at 1940 Prater Way, Sparks, NV 89431 since 24 June 2016 and is currently estimated at $740,470, approximately $115 per square foot. This property was built in 1950. 1940 Prater Way is a home located in Washoe County with nearby schools including Kate M Smith Elementary School, Sparks Middle School, and Sparks High School.

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.

Northern Nevada Regional MLS 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