$45,000
SOLD MAR 28, 2013

2495 Mountain Spirit Trail Reno, NV 89523

Somersett Neighborhood
0.89 Acre
$50,562 Price per Acre
38,768 Sq Ft Lot

Recently Sold

$11 Per Sq Ft

10% Below List Price

89 Days on Market

Highlights

  • 0.89 Acre Lot
  • Mountain View
  • Corner Lot

About This Lot

As of February 2014

Large Corner Level Lot in gated community of Champion Hills in Somersett. .89 of an acre with gorgeous views of Mountains! This homesite is ready to build on. Property owners enjoy immediate amenities in Somersett while designing and building their dream home., Owner will consider carrying financing. Please call L/A with any questions.

Last Agent to Sell the Property

Deborah Bennington

Dickson Realty - Somersett License #BS.34209 Listed on: 11/30/2012

Dickson Realty - Somersett

Last Buyer's Agent

Clint Stitser

Stitser Properties License #B.145048

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $402

Lot Details

  • 0.89 Acre Lot
  • Property fronts a private road
  • Property fronts an easement
  • Corner Lot
  • Level Lot
  • Corners Of The Lot Have Been Marked

HOA Fees

  • $231 Monthly HOA Fees

Property Views

  • Mountain Views

Schools

  • Westergard Elementary School
  • Billinghurst Middle School
  • Mc Queen High School

Utilities

  • Underground Utilities
  • Phone Available
  • Cable TV Available

Community Details

  • $450 HOA Transfer Fee
  • Rmi Somersett Association, Phone Number (775) 624-9152
  • The community has rules related to covenants, conditions, and restrictions, deed restrictions

Listing and Financial Details

  • Assessor Parcel Number 23253201

Property Details

Property Type

Land

Est. Annual Taxes

$402

Lot Details

0

HOA Fees

$231 per month

Listing Details

  • Property Type: Land
  • Horses: No
  • Lot Features: Corner Lot, Level, Sloped Down, Corners Marked, Curbs
  • Lot Size Acres: 0.89
  • Road Frontage Type: Private Road, Other
  • Road Surface Type: Paved
  • Has View?: Yes
  • Association Fees: 231.0
  • Association Fee Frequency: Monthly
  • Has H O A?: Yes
  • Co List Office Mls Id: 1525-o
  • Co List Office Phone: 775-746-7222
  • Directions: Somersett Pkwy/Painted River Trail/Mountain Spirit
  • Tax Legal Zoning4: SFR
  • Lot Features Sloped Down: Yes
  • Lot Features Level: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Water Rights Water Rights Y N: No
  • View Mountain(s): Yes
  • Lot Features Corner Lot: Yes
  • Road Frontage Type Private Road: Yes
  • Association Details Management Company Name5: RMI - Somersett
  • Tax Legal Elementary School2: Westergard
  • Tax Legal High School2: Mc Queen
  • Tax Legal Tax Annual Amount3: 402.0
  • Association Details Management Company Phone5: 775-624-9152
  • Tax Legal Middleor Junior School3: Billinghurst
  • Association Community Association Y N: Yes
  • Lot Lot Size Acres: 0.89
  • Lot View Y N4: Yes
  • Lot Horse Y N4: No
  • Lot Features Corners Marked: Yes
  • Land Details Crops Included Y N: No
  • Land Details Deed Restrictions: Yes
  • Land Details Utility Easement Y N: Yes
  • Association Details Association Transfer Fee: 450.0
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s)

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Underground Utilities
  • Water Source: Public
  • Sewer: Public Sewer
  • 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
  • Water Source Public: Yes
  • Utilities Underground Utilities: Yes

Schools

  • Middle Or Junior School: Billinghurst

Lot Info

  • Parcel Number: 23253201
  • Fencing: None
  • Lot Size Sq Ft: 38768.4
  • Crops Included: No
  • Zoning: SFR

Tax Info

  • Tax Annual Amount: 402.0

MLS Schools

  • Elementary School: Westergard
  • HighSchool: Mc Queen

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2013
Closed on
Feb 21, 2014
Sold by
Stitser Kurt
Bought by
Fehling Living Trust
Seller's Agent
Clint Stitser
Stitser Properties
Buyer's Agent
Bonnie Lowder
Dickson Realty - Caughlin
List Price
$925,000
Sold Price
$870,000
Premium/Discount to List
-$55,000
-5.95%
Current Estimated Value
$2,025,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,155,021
Avg. Annual Appreciation
7.61%

Purchase Details

Listed on
Nov 30, 2012
Closed on
Mar 20, 2013
Sold by
Somich Brenda
Bought by
Stitser Kurt
Seller's Agent
Deborah Bennington
Dickson Realty - Somersett
Buyer's Agent
Clint Stitser
Stitser Properties
List Price
$49,950
Sold Price
$45,000
Premium/Discount to List
-$4,950
-9.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2586.77%

Purchase Details

Listed on
Nov 14, 2011
Closed on
Sep 13, 2012
Sold by
First Independent Bank Of Nevada
Bought by
Somich Brenda
Seller's Agent
Deborah Bennington
Dickson Realty - Somersett
Buyer's Agent
Shauna Ganes
Chase International-Damonte
List Price
$35,000
Sold Price
$30,000
Premium/Discount to List
-$5,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
114.91%

Purchase Details

Closed on
Dec 31, 2009
Sold by
Somersett Development Company Ltd
Bought by
First Independent Bank Of Nevada
Source: Public Records

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 Type Sale Price Title Company
Bargain Sale Deed $870,000 None Available
Bargain Sale Deed $45,000 Ticor Title Reno
Bargain Sale Deed -- Ticor Title Reno
Bargain Sale Deed $30,000 None Available
Deed In Lieu Of Foreclosure $140,500 First Centennial Reno
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,150,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2014 02/21/14 Sold $870,000 -5.9% $217 / Sq Ft
02/10/2014 02/10/14 Pending -- -- --
11/15/2013 11/15/13 For Sale $925,000 +1955.6% $230 / Sq Ft
03/28/2013 03/28/13 Sold $45,000 -9.9% $11 / Sq Ft
02/27/2013 02/27/13 Pending -- -- --
11/30/2012 11/30/12 For Sale $49,950 +66.5% $12 / Sq Ft
09/14/2012 09/14/12 Sold $30,000 -14.3% $7 / Sq Ft
08/27/2012 08/27/12 Pending -- -- --
11/14/2011 11/14/11 For Sale $35,000 -- $9 / 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 $11,683 $487,989 $92,750 $395,239
2024 $11,683 $479,479 $84,000 $395,479
2023 $11,344 $456,111 $83,125 $372,986
2022 $11,004 $380,198 $70,000 $310,198
2021 $10,684 $359,518 $52,500 $307,018
2020 $10,370 $360,489 $54,250 $306,239
2019 $10,068 $354,011 $54,250 $299,761
2018 $9,775 $337,383 $45,500 $291,883
2017 $9,490 $306,321 $42,000 $264,321
2016 $9,250 $303,839 $35,000 $268,839
2015 $9,231 $252,210 $24,500 $227,710
2014 $9,691 $264,789 $15,750 $249,039
2013 -- $18,420 $17,500 $920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 120014026

Northern Nevada Regional MLS

APN: 232-532-01