Seller's Agent in 2016
Joshua Talayka
RE/MAX
(775) 220-1630
1 in this area
33 Total Sales
2651 Sycamore Glen Dr Unit 4 Sparks, NV 89434
Reed NeighborhoodEstimated Value: $269,000 - $290,000
2
Beds
2
Baths
918
Sq Ft
$275/mo
HOA Fee
Highlights
- In Ground Pool
- Great Room
- Walk-In Closet
- Park or Greenbelt View
- Double Pane Windows
- Refrigerated Cooling System
About This Home
As of June 2016Private 2bed/2bath condo located in the Desirable Springland Village Community. Enjoy peaceful living while taking advantage of the many amenities this community offers including 3 pools located throughout the community with spas/hot tubs, a beautiful tennis court, and some of the most immaculately maintained grounds found in this price point. Whether you are looking for yourself or as an investor, you'll appreciate how the HOA ensures the property is always in immaculate condition., The unit itself is located at the north end of the property and is perfectly tucked away so that it doesn't border any unit to the north making it a very private unit, but is only about 100 ft. from the nearest pool and less than 400 ft from the tennis court. Although Springland Village dates back to 1982, this unit was part of one of the last phases of construction and was built in 1994 giving this particular unit over a decade of improved construction standards when compared to many of the other competing units. The unit also experiences low energy cost. Per the existing owner, energy bills range from $35 - 68 throughout the year. HOA fees included: Common area maint, water, hot water, trash, snow removal, liability & structural insurance. If you are an investor, you should expect minimal vacancy rates, as most tenants consistently renew due to the easy access to the area and community amenities. Because of the desirability, you will find that rentals do not become available very often, and they are rented quickly after they do. This limited inventory has resulted in high rental rates when compared to other area condo communities and apartments. Estimated rental rates for this unit is $900 - 1,000 and regional rental rates are expected to continue rising at a minimum of 5 - 10% per year. If you review the attached APOD and Cashflow Analysis, you will see that the property has an estimate 5.36% CAP rate at the list price and an annual pre debt NOI of $6,569. The HOA may re-evaluate the HOA fee once the HOA reaches a reserve of $1 Million (about 2 years out). Although not a guaranteed, this could result in a reduction in the HOA fees which would increase the units cash-flow. In a market where its a rarity to even find positive cash-flow, this property is truly a rare opportunity in this market. Do not expect this unit to stay Active for long. Owner will require a rent back through 9-11-2016. Buyer and/or buyer's agent to verify all information. In the event of multiple offers, seller may not request highest and best and I would encourage first offer to be your best offer.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $641
Year Built
- Built in 1994
Lot Details
- Partially Fenced Property
- Landscaped
- Front and Back Yard Sprinklers
- Sprinklers on Timer
HOA Fees
- $275 Monthly HOA Fees
Home Design
- Slab Foundation
- Pitched Roof
- Tile Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 918 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Blinds
- Great Room
- Carpet
- Park or Greenbelt Views
Kitchen
- Built-In Oven
- Gas Oven
- Gas Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Bathtub and Shower Combination in Primary Bathroom
Laundry
- Laundry in Hall
- Shelves in Laundry Area
Home Security
Parking
- 1 Parking Space
- 1 Carport Space
- Parking Available
- Common or Shared Parking
Pool
- In Ground Pool
- In Ground Spa
Schools
- Diedrichsen Elementary School
- Mendive Middle School
- Reed High School
Utilities
- Refrigerated Cooling System
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
- Internet Available
- Phone Available
- Cable TV Available
Additional Features
- Patio
- Ground Level
Listing and Financial Details
- Home warranty included in the sale of the property
- Assessor Parcel Number 03045301
Community Details
Overview
- Association fees include insurance, utilities
- $150 HOA Transfer Fee
- Springland Village Association, Phone Number (775) 284-4434
- Maintained Community
- The community has rules related to covenants, conditions, and restrictions
- Greenbelt
Recreation
- Tennis Courts
- Community Pool
- Community Spa
Security
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 2, 2016
Closed on
Jun 24, 2016
Sold by
Lawson Connie Jo
Bought by
Marvel Jody
Seller's Agent
Joshua Talayka
RE/MAX Gold
Buyer's Agent
Joshua Talayka
RE/MAX Gold
List Price
$119,000
Sold Price
$119,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,884
Avg. Annual Appreciation
9.70%
Purchase Details
Listed on
Jul 5, 2012
Closed on
Jul 30, 2012
Sold by
Nres Nv1 Llc
Bought by
Lawson Connie Jo
Seller's Agent
Steve O'Brien
RE/MAX Professionals-Reno
Buyer's Agent
Joshua Talayka
RE/MAX Gold
List Price
$49,900
Sold Price
$35,000
Premium/Discount to List
-$14,900
-29.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.64%
Purchase Details
Closed on
May 9, 2012
Sold by
Rasch Fredric H and Rasch Bonnie M
Bought by
Nres Nvi 1 Llc
Purchase Details
Closed on
Sep 15, 1994
Sold by
Heather Investments Inc
Bought by
Rasch Fredric H and Rasch Bonnie M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,900
Interest Rate
5.25%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Marvel Jody | $119,000 | First Centennial Title | |
| Lawson Connie Jo | $35,000 | Western Title Company | |
| Nres Nvi 1 Llc | $8,216 | None Available | |
| Rasch Fredric H | $80,000 | Western Title Company Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Rasch Fredric H | $63,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/30/2016 06/30/16 | Sold | $119,000 | 0.0% | $130 / Sq Ft | |
| 06/06/2016 06/06/16 | Pending | -- | -- | -- | |
| 06/02/2016 06/02/16 | For Sale | $119,000 | +240.0% | $130 / Sq Ft | |
| 07/31/2012 07/31/12 | Sold | $35,000 | -29.9% | $38 / Sq Ft | View Prior Sale |
| 07/17/2012 07/17/12 | Pending | -- | -- | -- | |
| 07/05/2012 07/05/12 | For Sale | $49,900 | -- | $54 / Sq Ft |
Source: Northern Nevada Regional MLS
Tax History Compared to Growth
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 | $1,011 | $47,301 | $21,735 | $25,566 |
| 2024 | $1,011 | $45,828 | $20,160 | $25,668 |
| 2023 | $937 | $43,457 | $20,755 | $22,702 |
| 2022 | $868 | $36,644 | $16,940 | $19,704 |
| 2021 | $804 | $32,567 | $12,775 | $19,792 |
| 2020 | $754 | $33,083 | $13,020 | $20,063 |
| 2019 | $718 | $32,140 | $12,355 | $19,785 |
| 2018 | $685 | $26,585 | $7,140 | $19,445 |
| 2017 | $659 | $26,579 | $7,175 | $19,404 |
| 2016 | $642 | $26,425 | $6,475 | $19,950 |
| 2015 | $163 | $25,437 | $4,970 | $20,467 |
| 2014 | $623 | $17,693 | $3,535 | $14,158 |
| 2013 | -- | $16,634 | $2,625 | $14,009 |
Source: Public Records
Agents Affiliated with this Home
-
Joshua Talayka
-
Steve O'Brien
Seller's Agent in 2012
Steve O'Brien
RE/MAX
(775) 233-4403
1 in this area
439 Total Sales
Map
Source: Northern Nevada Regional MLS
MLS Number: 160008035
APN: 030-453-01
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