3985 Covington Way Unit A Reno, NV 89503
West University Neighborhood
2
Beds
1
Bath
920
Sq Ft
$470/mo
HOA Fee
Highlights
- Fitness Center
- Great Room
- Double Pane Windows
- Clubhouse
- Community Pool
- Brick or Stone Mason
About This Home
As of February 2018Close to UNR! LIST PRICE IS WHAT INVESTORS REQUIRE FOR SHORT SALE.Walking/biking distance to campus, on bus line. Extra clean two bedroom condo at Talus Point. Ground Floor Single Level Unit. Parking at your front door. Owner pays electric. HOA pays water. Located close to pool and clubhouse. Property requires CASH offers only. No financing available due to owner occupy vs rentals., All paperwork has already been submitted to seller’s lender. Property being sold “as is”.
Last Agent to Sell the Property
Keller Williams Group One Inc. License #S.67021 Listed on: 06/17/2015
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $475
Year Built
- Built in 1974
HOA Fees
Home Design
- Flat Roof Shape
- Brick or Stone Mason
- Slab Foundation
- Wood Siding
- Masonry
Interior Spaces
- 920 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Vinyl Clad Windows
- Blinds
- Great Room
- Combination Kitchen and Dining Room
Kitchen
- Electric Oven
- Electric Range
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
- Bathtub and Shower Combination in Primary Bathroom
Laundry
- Laundry Room
- Laundry Cabinets
Home Security
Parking
- Parking Available
- Common or Shared Parking
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
- Cable TV Available
Additional Features
- Landscaped
- Ground Level
Listing and Financial Details
- Short Sale
- Assessor Parcel Number 00320914
Community Details
Overview
- Association fees include snow removal, utilities
- $250 HOA Transfer Fee
- Gaston Wikenson Association
- On-Site Maintenance
- 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
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
Current Estimated Value
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
5.13%
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
Similar Homes in Reno, NV
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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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $153,000 | First American Title Reno | |
| Bargain Sale Deed | $145,000 | First Centennial Reno | |
| Bargain Sale Deed | $119,500 | Ticor Title | |
| Bargain Sale Deed | $153,500 | Western Title Incorporated |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,500,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $101,000 | Unknown | |
| Previous Owner | $153,350 | Unknown |
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
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
-
Seller's Agent in 2018
Patrick Allison
eXp Realty, LLC
(775) 772-7812
2 in this area
77 Total Sales
-
Seller Co-Listing Agent in 2018
Victor Ganchev
eXp Realty
(775) 530-7264
65 Total Sales
-
A
Buyer's Agent in 2018
Ashley Parent
Keller Williams Group One Inc.
-
Seller's Agent in 2017
Caroline Mathes
Keller Williams Group One Inc.
(775) 846-4987
88 Total Sales
Map
Source: Northern Nevada Regional MLS
MLS Number: 150008192
APN: 003-209-14
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