NOT LISTED FOR SALE

1981 Phaethon Ln Reno, NV 89521

Virginia Foothills Neighborhood

Estimated Value: $724,000 - $740,000

2 Beds
2 Baths
1,690 Sq Ft
$434/Sq Ft Est. Value

Last Sold July 05, 2023

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

Est. 9% increase in value since last sale

Current estimated payment $4,288/month

119 Days on Market

Highlights

  • Fitness Center
  • Active Adult
  • Mountain View
  • Spa
  • Gated Community
  • Clubhouse

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
  • Security Fence
  • Back Yard Fenced
  • Water-Smart Landscaping
  • Level Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Property is zoned Pd

HOA Fees

  • $203 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Pitched Roof
  • Tile Roof
  • Stick Built Home
  • Stucco
  • Stone

Interior Spaces

  • 1,690 Sq Ft Home
  • 1-Story Property
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Blinds
  • Great Room
  • Combination Dining and Living Room
  • Home Office
  • Mountain Views
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry
  • Laundry Cabinets

Outdoor Features

  • Spa
  • Patio

Schools

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

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Rights
  • Gas Water Heater
  • Water Softener is Owned
  • Internet Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 14151206

Community Details

Overview

  • Active Adult
  • $300 HOA Transfer Fee
  • Presidio First Serria Association, Phone Number (775) 824-8805
  • Maintained Community
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Security Service
  • Resident Manager or Management On Site
  • Gated Community

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
  • Lot Features: Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Acres: 0.13
  • Road Frontage Type: Other
  • Is Senior Community?: Yes
  • Has View?: Yes
  • Security Features: Security Fence, Smoke Detector(s)
  • Association Amenities: Fitness Center, Gated, Landscaping, Maintenance Grounds, Management, Pool, Security, Spa/Hot Tub, Tennis Court(s), Clubhouse/Recreation Room
  • Association Fees: 203.0
  • Association Fee Frequency: Monthly
  • Has H O A?: Yes
  • Co List Office Mls Id: 1332-o
  • Co List Office Phone: 775-850-7033
  • Directions: steamboat/
  • Has Cooling?: Yes
  • Has Fireplace?: Yes
  • Living Area: 1690.0
  • Property Attached Yn: No
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Nick Poulakidas
  • Tax Legal Middle Or Junior School2: Depoali
  • Tax Legal High School: Damonte
  • Tax Legal Tax Annual Amount: 4572.22
  • Tax Legal Zoning4: Pd
  • Association Community Association Y N3: Yes
  • Association Community Association Fee3: 203.0
  • Building Stories5: 1
  • Building Property Attached Y N: No
  • Building Home Warranty Y N: Yes
  • Lot Lot Size Acres2: 0.13
  • Lot Lot Size Square Feet2: 5662.8
  • Lot Horse Y N2: No
  • Association Details Transfer Fee: 300.0
  • Lot View Y N2: Yes
  • Fencing Back Yard: Yes
  • Lot Features Landscaped: Yes
  • Cooling Central Air: Yes
  • Foundation Details Slab: Yes
  • Lot Features Level: Yes
  • Lot Features Sprinklers In Front: Yes
  • Lot Features Sprinklers In Rear: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Sprinklers Front: Yes
  • Sprinklers Rear: Yes
  • Typeof Construction Site Stick- Built: Yes
  • Water Rights Water Rights Y N: Yes
  • Appliances Dishwasher: Yes
  • Cooling Refrigerated: Yes
  • Appliances Disposal: Yes
  • Appliances Dryer: Yes
  • Appliances Washer: Yes
  • Fencing Full2: Yes
  • Outdoor Living Spaces Patio2: Yes
  • Security Features Smoke Detector(s): Yes
  • Sprinklers Drip System In Front: Yes
  • View Mountain(s): Yes
  • Appliances Microwave: Yes
  • Association Amenities Fitness Center: Yes
  • Association Amenities Gated: Yes
  • Association Amenities Maintenance Grounds: Yes
  • Association Amenities Tennis Court(s): Yes
  • Association Amenities Management: Yes
  • Association Amenities Clubhouse Recreation Room: Yes
  • Security Features Security Fence: Yes
  • Water Heater Gas5: Yes
  • Construction Materials Stucco: Yes
  • Fireplace Features Gas Log: Yes
  • Sprinklers Automatic: Yes
  • Other Rooms Office Den: Yes
  • Association Amenities Landscaping: Yes
  • Association Amenities Security: Yes
  • Association Amenities Spa Hot Tub: Yes
  • Appliances Included As Personal Property Water Softener Owned2: Yes
  • Construction Materials Stone: Yes
  • Association Community Association Fee Frequency3: Monthly
  • Association Details Management Company Name5: Presidio-First Serria
  • Association Community Senior Community Y N3: Yes
  • Appliances Gas Range: Yes
  • Association Details Management Company Phone5: 775-824-8805
  • Appliances Included As Personal Property Gas Oven2: Yes
  • Appliances Included As Personal Property Gas Cooktop2: Yes
  • Appliances Included As Personal Property Oven2: Yes
  • Green Water Conservation Water- Smart Landscaping: Yes
  • Special Features: None
  • Stories: 1

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
  • Interior Living Area4: 1690.0
  • Interior Fireplace Y N: Yes
  • Flooring Carpet: Yes
  • Interior Features High Ceilings: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Window Features Blinds: Yes
  • Dining Room Features Living Room Combination: Yes
  • Primary Bedroom Features Double Sinks: Yes
  • Interior Fireplaces Total2: 1.0
  • Primary Bedroom Features Shower Stall: Yes
  • Flooring Ceramic Tile: Yes
  • Laundry Features Cabinets2: Yes
  • Laundry Features Laundry Area: Yes
  • Laundry Features Laundry Room: Yes
  • Living Room Features Great Room3: Yes
  • Dining Room Features High Ceilings3: Yes
  • Kitchen Features Built- In Dishwasher: Yes
  • Kitchen Features Disposal2: Yes
  • Interior Features Kitchen Island: Yes
  • Interior Features Walk- In Closet(s): Yes
  • Window Features Low- Emissivity Windows: Yes
  • Laundry Features Sink: Yes
  • Kitchen Features Built- In Microwave: Yes
  • Kitchen Features Kitchen Island2: Yes
  • Primary Bedroom Features Walk- In Closet(s)2: Yes
  • Interior Features Ceiling Fan(s)2: Yes
  • Living Room Features Ceiling Fan(s)3: Yes
  • Dining Room Features Great Room4: Yes
  • Personal Property Included Furnishings: Yes
  • Living Room Features Dining Room Combination: Yes
  • Kitchen Features Built- In Single Oven: Yes
  • Kitchen Features Gas Cooktop3: Yes

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
  • Association Amenities Pool: Yes
  • Roof Pitched: Yes
  • Roof Tile3: Yes

Garage/Parking

  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Garage Spaces: 2.0
  • Has Attached Garage?: Yes
  • Parking Features: Attached
  • Total Parking Spaces: 2.0
  • Parking Information Garage Y N: Yes
  • Parking Information Garage Spaces: 2.0
  • Parking Information Carport Y N: No
  • Parking Information Parking Total: 2.0
  • Parking Features Attached: Yes

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: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Cooling Y N3: Yes
  • Utilities Heating Y N3: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Water Meter Installed: Yes
  • Utilities Internet Available: Yes
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes

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
Current Estimated Value
$724,680

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
162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.90%
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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 List to Sale Price per Sq Ft
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
2026 $3,861 $171,597 $48,545 $123,052
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

    1 in this area

    35 Total Sales

    Michael Pevy
    Section Image
  • Rose Teddy

    Buyer's Agent in 2023

    Rose Teddy

    RE/MAX

    (775) 351-6829

    4 in this area

    114 Total Sales

    Rose Teddy
    Section Image
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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

Not Listed for Sale

Detached

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