NOT LISTED FOR SALE

2950 Tierra Verde W Unit 16 Reno, NV 89512

West University Neighborhood

Estimated Value: $233,703 - $259,000

2 Beds
1 Bath
867 Sq Ft
$215/mo HOA Fee

Last Sold February 08, 2013

Last sale price $35,000 $40 Per Sq Ft

Est. 603% increase in value since last sale

Current estimated payment $1,589/month

10 Days on Market

Highlights

  • Mountain View
  • Community Pool
  • Patio
  • Great Room
  • Breakfast Bar
  • Laundry Room

About This Home

As of February 2013

Great HUD Owned Condo in McCarran Knolls. 2 bedroom, 1 bath downstairs unit with laundry hookups inside. This unit needs a little TLC but offers a spacious living room with built in fireplace, open kitchen and breakfast bar. The bedrooms are fair in size and the bathroom offers the perfect location in between the bedrooms. Walk out of your sliding door to a traquil patio and storage area. The community has a pool and is close to shopping and bus. Call Today!!, Property is NOT located in a FEMA Special Flood Hazard Area but is listed as a low to moderate flood risk. Please refer to www.FloodSmart.gov for additional information regarding flood zones and insurance, Individual condominium unit, Property located in Washoe County, which mandates the removal of any used solid fuel burning stove that is not certified by the Environmental Protection Agency (EPA). All purchaser(s) will need to remove or replace any used solid fuel burning stove with certified or low emitting device(s) after the close of escrow. It is the buyer’s responsibility to verify the heating source of the property, HOA Management fee of $215 monthly : Western Nevada Management. EMD $ 500.00 Assessors office indicates sq of home is 891 sq ft.

Last Agent to Sell the Property

Cindy Fite

Ferrari-Lund R.E. Sparks License #BS.145880 Listed on: 12/19/2012

Last Buyer's Agent

Sonia Zaryczny

Desert Diamonds Realty, Inc. License #BS.144114

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $424

Year Built

  • Built in 1983

Lot Details

  • 436

HOA Fees

  • $215 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 867 Sq Ft Home
  • 1-Story Property
  • Aluminum Window Frames
  • Great Room
  • Living Room with Fireplace
  • Carpet
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry in Hall

Home Security

Parking

  • 1 Parking Space
  • 1 Carport Space

Outdoor Features

  • Patio
  • Storage Shed

Location

  • Ground Level

Schools

  • Cannan Elementary School
  • Traner Middle School
  • Hug High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • HUD Owned
  • REO, home is currently bank or lender owned
  • Home warranty included in the sale of the property
  • Assessor Parcel Number 00405322

Community Details

Overview

  • $300 HOA Transfer Fee
  • Western Nevada Management Association
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Pool

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$424

Year Built

Built in 1983

Lot Details

0

HOA Fees

$215 per month

Listing Details

  • Year Built: 1983
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Horses: No
  • Lot Features: Level
  • Lot Size Acres: 0.01
  • Road Frontage Type: Other
  • Has View?: Yes
  • Security Features: Smoke Detector(s)
  • Association Amenities: Pool, None
  • Association Fees: 215.0
  • Association Fee Frequency: Monthly
  • Has H O A?: Yes
  • Co List Office Mls Id: 1193-o
  • Co List Office Phone: 775-685-7788
  • Special Conditions: HUD Owned, Real Estate Owned
  • Directions: McCarran-Clear Acre
  • Has Fireplace?: Yes
  • Living Area: 867.0
  • Property Attached Yn: Yes
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Cannan
  • Tax Legal Middle Or Junior School2: Traner
  • Tax Legal High School: Hug
  • Tax Legal Tax Annual Amount: 423.96
  • Tax Legal Zoning4: MF30
  • Association Community Association Y N3: Yes
  • Association Community Association Fee3: 215.0
  • Building Stories5: 1
  • Building Property Attached Y N: Yes
  • Building Home Warranty Y N: Yes
  • Lot Lot Size Acres2: 0.01
  • Lot Lot Size Square Feet2: 435.6
  • Lot Horse Y N2: No
  • Association Details Transfer Fee: 300.0
  • Lot View Y N2: Yes
  • Foundation Details Slab: Yes
  • Lot Features Level: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Typeof Construction Site Stick- Built: Yes
  • Water Rights Water Rights Y N: No
  • Appliances Disposal: Yes
  • Outdoor Living Spaces Patio2: Yes
  • Personal Property Included Storage Shed: Yes
  • Security Features Smoke Detector(s): Yes
  • View Mountain(s): Yes
  • Water Heater Gas5: Yes
  • Association Community Association Fee Frequency3: Monthly
  • Association Details Management Company Name5: Western Nevada Management
  • Special Listing Conditions Real Estate Owned: Yes
  • Special Listing Conditions H U D Owned: Yes
  • Special Features: RealEstateOwned
  • Stories: 1

Interior Features

  • Appliances: Disposal
  • Flooring: Carpet
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar
  • Window Features: Metal Frames
  • Interior Living Area4: 867.0
  • Interior Fireplace Y N: Yes
  • Flooring Carpet: Yes
  • Fireplace Features Living Room: Yes
  • Interior Features Breakfast Bar: Yes
  • Kitchen Features Breakfast Bar2: Yes
  • Unit Level Ground Floor: Yes
  • Laundry Features In Hall: Yes
  • Laundry Features Laundry Area: Yes
  • Living Room Features Great Room3: Yes
  • Kitchen Features Disposal2: Yes
  • Window Features Metal Frames: Yes

Exterior Features

  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • View: Mountain(s)
  • Construction Type: Wood Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Construction Materials Wood Siding: Yes
  • Association Amenities Pool: Yes
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Carport Spaces: 1.0
  • Has Carport?: Yes
  • Has Attached Garage?: No
  • Total Parking Spaces: 1.0
  • Parking Information Garage Y N: No
  • Parking Information Carport Y N: Yes
  • Parking Information Carport Spaces2: 1.0
  • Parking Information Parking Total: 1.0

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: In Hall, Laundry Area
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Heating Y N3: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes

Schools

  • Middle Or Junior School: Traner

Lot Info

  • Parcel Number: 00405322
  • Fencing: None
  • Lot Size Sq Ft: 435.6
  • Zoning: MF30

Tax Info

  • Tax Annual Amount: 423.96

MLS Schools

  • Elementary School: Cannan
  • HighSchool: Hug

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2012
Closed on
Feb 6, 2013
Sold by
The Secretary Of Hud
Bought by
Whittenburg Tony
Seller's Agent
Cindy Fite
Ferrari-Lund R.E. Sparks
Buyer's Agent
Sonia Zaryczny
Desert Diamonds Realty, Inc.
List Price
$35,000
Sold Price
$35,000
Current Estimated Value
$245,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,926
Avg. Annual Appreciation
16.75%

Purchase Details

Closed on
Jul 26, 2012
Sold by
Wells Fargo Home Mortgage Inc
Bought by
City Of Reno

Purchase Details

Closed on
Jul 21, 2004
Sold by
Reyes Ernesto
Bought by
Reyes Rosamelia

Purchase Details

Closed on
Mar 21, 2002
Sold by
Beck Alex W and Beck Mark A
Bought by
Reyes Rosamelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
6.85%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 29, 1999
Sold by
Hud
Bought by
Beck Alex W and Beck Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,140
Interest Rate
7.97%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 8, 1999
Sold by
Bank United
Bought by
Hud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,140
Interest Rate
7.97%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 8, 1999
Sold by
Beech Chet R and Beal Randy
Bought by
Bank United
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Whittenburg Tony $35,000 Monument Title Insurance Inc
City Of Reno -- Lsi Title Agency Inc
Wells Fargo Bank N A $68,437 Lsi Title Agency Inc
Reyes Rosamelia -- --
Reyes Rosamelia $72,000 Stewart Title Northern Nevad
Beck Alex W $72,000 Stewart Title Northern Nevad
Beck Alex W -- Stewart Title
Hud -- First American Title
Bank United $64,291 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reyes Rosamelia $67,500
Previous Owner Beck Alex W $60,140
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2013 02/08/13 Sold $35,000 0.0% $40 / Sq Ft
12/29/2012 12/29/12 Pending -- -- --
12/19/2012 12/19/12 For Sale $35,000 -- $40 / 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 $522 $35,146 $19,005 $16,141
2024 $502 $35,547 $18,585 $16,962
2023 $502 $32,124 $16,660 $15,464
2022 $488 $27,623 $14,140 $13,483
2021 $464 $24,374 $10,710 $13,664
2020 $448 $24,812 $10,850 $13,962
2019 $435 $23,820 $10,115 $13,705
2018 $423 $20,173 $6,615 $13,558
2017 $411 $20,153 $6,545 $13,608
2016 $401 $19,169 $5,075 $14,094
2015 $400 $18,373 $3,885 $14,488
2014 $388 $13,286 $2,870 $10,416
2013 -- $10,236 $1,890 $8,346
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 120014623

Northern Nevada Regional MLS

APN: 004-053-22