NOT LISTED FOR SALE

1981 Phaethon Ln Reno, NV 89521

Virginia Foothills Neighborhood

Estimated Value: $724,000 - $732,783

2 Beds
2 Baths
1,690 Sq Ft
$431/Sq Ft Est. Value

Last Sold July 05, 2023

Last sale price $665,000 $393 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,697/month

119 Days on Market

Highlights

  • 1 Fireplace
  • Nick Poulakidas Elementary School Rated A-
  • Ceramic Tile Flooring

About This Home

As of July 2023

Enjoy quiet resort style living in The Regency 55+ community by Toll Brothers. Perfectly maintained 2018 Gilmore model includes master suite with lovely views, large bathroom with walk in shower and huge walk in closet. Great room concept includes nicely upgraded kitchen with quartz countertops, stainless steel appliances, and island/breakfast bar, dining and living room, Living room has nice gas log fireplace, and opens to covered patio and smartly landscaped backyard., Second bedroom and full bath, plus office. This home has no rear neighbor and borders common area on one side, providing a very private backyard setting with nice mountain views. The Regency clubhouse and recreation center are world class, including indoor and outdoor swimming pools, tennis courts, gym facilities, billiards, and an array of social/meeting space and activities. Great place to socialize and make with your neighbors. Furnishings included include refrigerator, washer, dryer, and brass/glass cabinet.

Last Agent to Sell the Property

Michael Pevy

Ferrari-Lund Real Estate South License #BS.44223 Listed on: 02/18/2023

Ferrari-Lund Real Estate South

Last Buyer's Agent

Rose Teddy

RE/MAX Professionals-Reno License #S.186655

RE/MAX Professionals-Reno

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,572

Year Built

  • Built in 2018

Lot Details

  • 5,663 Sq Ft Lot
  • Property is zoned Pd

HOA Fees

  • $203 per month

Parking

  • 2 Car Garage

Home Design

  • Pitched Roof
  • Tile Roof

Interior Spaces

  • 1,690 Sq Ft Home
  • 1 Fireplace

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Nick Poulakidas Elementary School
  • Depoali Middle School
  • Damonte High School

Utilities

  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 14151206

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,572

Year Built

Built in 2018

Lot Details

0

HOA Fees

$203 per month

Parking

2

Listing Details

  • Year Built: 2018
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: No
  • Road Frontage Type: Other
  • Co List Office Mls Id: 1332-o
  • Co List Office Phone: 775-850-7033
  • Directions: steamboat/
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Gas Cooktop, Gas Range, Microwave, Oven, Refrigerator, Washer, Water Softener Owned
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Ceiling Fan(s), High Ceilings, Kitchen Island, Walk-In Closet(s)
  • Window Features: Blinds, Double Pane Windows, Low-Emissivity Windows, Vinyl Frames

Exterior Features

  • Exterior Features: None
  • Roof: Pitched, Tile
  • Stories: 1
  • View: Mountain(s)
  • Construction Type: Stone, Stucco
  • Foundation Details: Slab
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed
  • Water Source: Public
  • Laundry Features: Cabinets, Laundry Area, Laundry Room, Sink
  • Cooling: Central Air, Refrigerated
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Middle Or Junior School: Depoali

Lot Info

  • Parcel Number: 14151206
  • Fencing: Back Yard, Full
  • Lot Size Sq Ft: 5662.8
  • Zoning: Pd

Green Features

  • Green Water Conservation: Water-Smart Landscaping

Tax Info

  • Tax Annual Amount: 4572.22

MLS Schools

  • Elementary School: Nick Poulakidas
  • HighSchool: Damonte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2024
Sold by
Monroe Lynn Anne and Terlaga Lynn Anne
Bought by
Lynn And Kory Terlaga Family Trust and Terlaga
Total Days on Market
119
Current Estimated Value
$728,446

Purchase Details

Listed on
Feb 18, 2023
Closed on
Jun 27, 2023
Sold by
Nancy J Obannon Trust
Bought by
Terlaga Lynn Anne
Seller's Agent
Michael Pevy
Ferrari-Lund Real Estate South
Buyer's Agent
Rose Teddy
RE/MAX Professionals-Reno
List Price
$700,000
Sold Price
$665,000
Premium/Discount to List
-$35,000
-5%
Views
163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.91%
Original Mortgage
$498,750
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2019
Sold by
Toll South Reno Llc
Bought by
Bannon Nancy J O and Nancy J O Bannon Trust
Source: Public Records

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Range of Values:

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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
Lynn And Kory Terlaga Family Trust -- None Listed On Document
Terlaga Lynn Anne $665,000 First American Title
Bannon Nancy J O $516,995 Westminster Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Terlaga Lynn Anne $498,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2023 07/05/23 Sold $665,000 -2.1% $393 / Sq Ft
06/16/2023 06/16/23 Pending -- -- --
06/06/2023 06/06/23 Price Changed $679,000 -2.3% $402 / Sq Ft
04/19/2023 04/19/23 Price Changed $695,000 -0.7% $411 / Sq Ft
04/05/2023 04/05/23 For Sale $700,000 +5.3% $414 / Sq Ft
03/17/2023 03/17/23 Off Market $665,000 -- --
02/17/2023 02/17/23 For Sale $700,000 -- $414 / 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 $5,003 $174,001 $49,908 $124,093
2024 $5,003 $174,322 $49,908 $124,414
2023 $3,636 $166,650 $49,908 $116,742
2022 $4,709 $138,588 $41,762 $96,826
2021 $4,572 $133,718 $37,938 $95,780
2020 $4,439 $132,136 $36,575 $95,561
2019 $4,325 $125,067 $33,682 $91,385
2018 $1,054 $28,809 $25,436 $3,373
Source: Public Records

Agents Affiliated with this Home

  • Michael Pevy

    Seller's Agent in 2023

    Michael Pevy

    Ferrari-Lund Real Estate South

    (775) 338-1338

    2 in this area

    39 Total Sales

    Michael Pevy
    Section Image
  • Rose Teddy

    Buyer's Agent in 2023

    Rose Teddy

    RE/MAX

    (775) 351-6829

    4 in this area

    118 Total Sales

    Rose Teddy
    Section Image
See All Agents

Map

Source: Northern Nevada Regional MLS

MLS Number: 230001380

Northern Nevada Regional MLS

APN: 141-512-06

Nevada Washoe County Reno 89521 Virginia Foothills

1981 Phaethon Ln, Reno, NV

This home is located at 1981 Phaethon Ln, Reno, NV 89521 since 18 February 2023 and is currently estimated at $728,446, approximately $431 per square foot. This property was built in 2018. 1981 Phaethon Ln is a home located in Washoe County with nearby schools including Nick Poulakidas Elementary School, Kendyl Depoali Middle School, and Damonte Ranch High School.

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