NOT LISTED FOR SALE

3985 Covington Way Unit A Reno, NV 89503

West University Neighborhood

Estimated Value: $188,572 - $236,000

2 Beds
1 Bath
920 Sq Ft
$235/mo HOA Fee

Last Sold February 02, 2018

Last sale price $145,000 $158 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,458/month

47 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Community Pool
  • City View
  • Great Room
  • Double Pane Windows

About This Home

As of February 2018

Come enjoy a 2 bedroom bottom floor condo right above the University and easy access to the highway. This condo features new paint, stainless appliances and is MOVE IN READY!!!!! HOA includes partial utilities and also a pool and lounge deck., This property is fanciable for primary residence with 20% down and through a broker that can do un-insurable mortgages. Call listing agent for a referral if needed. Please contact listing agent if you need any advise on this.

Last Agent to Sell the Property

Patrick Allison

eXp Realty, LLC License #BS.145344 Listed on: 12/07/2017

eXp Realty, LLC

Co-Listed By

Victor Ganchev

eXp Realty License #S.171772

Last Buyer's Agent

Ashley Parent

Keller Williams Group One Inc. License #S.174050

Keller Williams Group One Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $477

Year Built

  • Built in 1974

Lot Details

  • 871

HOA Fees

  • $235 Monthly HOA Fees

Parking

  • Common or Shared Parking

Property Views

  • City
  • Mountain

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 920 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Great Room
  • Combination Kitchen and Dining Room

Kitchen

  • Built-In Oven
  • Electric Oven
  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen

Home Security

Schools

  • Elmcrest Elementary School
  • Clayton Middle School
  • Hug High School

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Additional Features

  • Landscaped
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 00320914

Community Details

Overview

  • $250 HOA Transfer Fee
  • Gaston Wikenson Association
  • Maintained Community
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Snow Removal

Security

  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$477

Year Built

Built in 1974

Lot Details

0

HOA Fees

$235 per month

Listing Details

  • Year Built: 1974
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Horses: No
  • Road Frontage Type: Other
  • Co List Office Mls Id: 643-o
  • Co List Office Phone: 775-688-4000
  • Co List Office Mls Id: 2367-o
  • Co List Office Phone: 702-727-1050
  • Directions: N. Virginia to Talus
  • Property Attached Yn: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Oven
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Window Features: Double Pane Windows, Vinyl Frames

Exterior Features

  • Exterior Features: None
  • Roof: Flat
  • Stories: 1
  • View: City, Mountain(s)
  • Construction Type: Wood Siding
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: None

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: In Kitchen, Laundry Area
  • Cooling: Central Air, Refrigerated
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Middle Or Junior School: Clayton

Lot Info

  • Parcel Number: 00320914
  • Fencing: None
  • Lot Size Sq Ft: 871.2
  • Zoning: MF30

Tax Info

  • Tax Annual Amount: 476.84

MLS Schools

  • Elementary School: Elmcrest
  • HighSchool: Hug

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2020
Sold by
James Justin W and James Shay O
Bought by
Villa Fairlane Properties Llc
Total Days on Market
47
Current Estimated Value
$210,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,337,431
Interest Rate
3.4%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$1,126,538

Purchase Details

Listed on
Dec 7, 2017
Closed on
Jan 24, 2018
Sold by
Ganchev Viktor
Bought by
James Justin W and James Shay O
Seller's Agent
Patrick Allison
eXp Realty, LLC
Buyer's Agent
Ashley Parent
Keller Williams Group One Inc.
List Price
$165,000
Sold Price
$145,000
Premium/Discount to List
-$20,000
-12.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.19%
Original Mortgage
$101,000
Interest Rate
3.88%
Mortgage Type
Unknown

Purchase Details

Listed on
Jun 17, 2015
Closed on
Nov 28, 2017
Sold by
Millim Timothy S and Millim Sara C
Bought by
Ganchev Viktor
Seller's Agent
Caroline Mathes
Keller Williams Group One Inc.
Buyer's Agent
Patrick Allison
eXp Realty, LLC
List Price
$90,000
Sold Price
$119,500
Premium/Discount to List
$29,500
32.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
3.88%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 13, 2007
Sold by
Talus Point Llc
Bought by
Millim Timothy S and Millim Sara C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,350
Interest Rate
6.57%
Mortgage Type
Unknown
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
Villa Fairlane Properties Llc $153,000 First American Title Reno
James Justin W $145,000 First Centennial Reno
Ganchev Viktor $119,500 Ticor Title
Millim Timothy S $153,500 Western Title Incorporated
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Villa Fairlane Properties Llc $1,500,000
Previous Owner Ganchev Viktor $101,000
Previous Owner Millim Timothy S $153,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2018 02/02/18 Sold $145,000 -3.3% $158 / Sq Ft
01/23/2018 01/23/18 Pending -- -- --
01/22/2018 01/22/18 Price Changed $149,900 -3.3% $163 / Sq Ft
12/15/2017 12/15/17 Price Changed $155,000 -6.1% $168 / Sq Ft
12/07/2017 12/07/17 For Sale $165,000 +38.1% $179 / Sq Ft
11/30/2017 11/30/17 Sold $119,500 +32.8% $130 / Sq Ft
03/14/2017 03/14/17 Pending -- -- --
06/17/2015 06/17/15 For Sale $90,000 -- $98 / 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 $627 $19,066 $8,820 $10,246
2024 $627 $18,412 $8,050 $10,362
2023 $581 $17,039 $7,438 $9,601
2022 $536 $14,589 $6,125 $8,464
2021 $499 $13,508 $4,900 $8,608
2020 $507 $13,862 $4,900 $8,962
2019 $488 $13,334 $4,550 $8,784
2018 $482 $13,160 $4,375 $8,785
2017 $477 $12,949 $4,025 $8,924
2016 $491 $13,386 $4,025 $9,361
2015 $490 $13,395 $3,675 $9,720
2014 $475 $12,900 $3,675 $9,225
2013 -- $12,791 $3,675 $9,116
Source: Public Records

Agents Affiliated with this Home

  • Patrick Allison

    Seller's Agent in 2018

    Patrick Allison

    eXp Realty, LLC

    (775) 772-7812

    2 in this area

    81 Total Sales

    Patrick Allison
    Section Image
  • Victor Ganchev

    Seller Co-Listing Agent in 2018

    Victor Ganchev

    eXp Realty

    (775) 530-7264

    68 Total Sales

    Victor Ganchev
    Section Image
  • Ashley Parent

    Buyer's Agent in 2018

    Ashley Parent

    Keller Williams Group One Inc.

    (775) 856-9693

    Section Image
  • Caroline Mathes

    Seller's Agent in 2017

    Caroline Mathes

    Keller Williams Group One Inc.

    (775) 846-4987

    1 in this area

    90 Total Sales

    Caroline Mathes
    Section Image
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Map

Source: Northern Nevada Regional MLS

MLS Number: 170017038

Northern Nevada Regional MLS

APN: 003-209-14

Nevada Washoe County Reno 89503 West University

3985 Covington Way Unit A, Reno, NV

This home is located at 3985 Covington Way Unit A, Reno, NV 89503 since 07 December 2017 and is currently estimated at $210,893, approximately $229 per square foot. This property was built in 1974. 3985 Covington Way Unit A is a home located in Washoe County with nearby schools including Elmcrest Elementary School, Archie Clayton Pre-AP Academy, and Coral Academy Charter School Elementary.

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Northern Nevada Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The content relating to real estate for sale on this web site comes in part from the Broker Reciprocity/ IDX program of the Northern Nevada Regional Multiple Listing Service°. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo and detailed information about those listings includes the name of the listing brokerage. Any use of the content other than by a search performed by a consumer looking to purchase or rent real estate is prohibited. © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved.

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