NOT LISTED FOR SALE

408 10th St Unit A/B A/B Sparks, NV 89431

Downtown Sparks Neighborhood

Estimated Value: $346,000 - $1,149,615

8 Beds
4 Baths
4,432 Sq Ft
$175/Sq Ft Est. Value

Last Sold March 10, 2016

Last sale price $570,000 $129 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,812/month

44 Days on Market

Highlights

  • Double Pane Windows
  • Carpet
  • 4-minute walk to Lillard Park
  • Landscaped

About This Home

As of March 2016

Beautiful 4Plex of townhomes in a very desirable area of Sparks! Each unit has 2 bedrooms, 1.5 baths, and most have new carpet and paint. Currently, tenants pay all utilities (approximately 50.69/month) and are responsible for yard maintenance. Fantastic income potential.

Last Listed By

Sarah Abasto

Evolve Nevada License #S.177585 Listed on: 12/04/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,018

Year Built

  • Built in 2005

Lot Details

  • 6,970 Sq Ft Lot
  • Landscaped
  • Sprinkler System

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Composition Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 4,432 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Blinds
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 1 Parking Space Included
  • Parking Lot

Utilities

  • Refrigerated Cooling System
  • Cooling System Utilizes Natural Gas
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • 4 Units
  • 408/410 Street Community

Listing and Financial Details

  • Assessor Parcel Number 03215311

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,018

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Type Of Property: Duplex, Triplex, 4-Plex
  • Extended Remarks: Property is managed by RCI, a division of Realty Corner, Inc.
  • Lvt Date: 12/04/2015
  • Year Built: 2005
  • Access Type: Public
  • Xstreet Directions: D Street
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dishwasher, Microwave, Oven/Range, Refrigerator
  • Water Heater: Natural Gas
  • Flooring: Carpet, Sheet Vinyl
  • Price Per Sq Ft: 128.61
  • Sold Price Per Sq Ft: 128.61
  • Source Of Sq Ft: Assessor
  • Gross Sq Ft: 4432

Exterior Features

  • Windows: Double Pane
  • Construction: Wood Frame
  • Exterior: Stucco
  • Foundation: Concrete Slab
  • Landscaped: Yes
  • Roof: Composition/Shingle, Pitched
  • Stories: 2 Story

Garage/Parking

  • Total Parking Capacity: 6
  • Parking Capacity Per Unit: 1
  • Parking Types: Common

Utilities

  • Sprinklers: Yes
  • Heating Cooling: Central Refrig A/C, Natural Gas
  • Internet: Yes
  • Utilities: Cable, City/County Water, City Sewer, map to 20, Electricity, Natural Gas, Telephone
  • Facility Features: Separate Heating/Cooling, Separate Meters-Electric, Separate Meters-Water, Tenant Pays Utilities
  • Individually Metered: Yes
  • Laundry: Hook-Up

Condo/Co-op/Association

  • Complex Name: 408/410 Street

Lot Info

  • Acreage: 0.16
  • Parcel Number: 03215311
  • Zoning Actual: TOD

Green Features

  • Green Features: Double Pane Windows

Rental Info

  • Current Lease: Leases

Tax Info

  • Taxes Dollar: 4018.28

Multi Family

  • Number Units: 4
  • Unit Features: Blinds/Shades, Smoke Detector

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2015
Closed on
Mar 2, 2016
Sold by
Wei Gu Haisong and Wei Ming
Bought by
Cusimano Family Trust
Seller's Agent
Sarah Abasto
Evolve Nevada
Buyer's Agent
Felisa Cusimano-Martin
Dickson Realty - Sparks
List Price
$580,000
Sold Price
$570,000
Premium/Discount to List
-$10,000
-1.72%
Total Days on Market
44
Current Estimated Value
$774,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,904
Avg. Annual Appreciation
3.39%

Purchase Details

Closed on
Feb 25, 2009
Sold by
Smith Reed
Bought by
Rjs 10Th Street Llc

Purchase Details

Closed on
Sep 1, 2005
Sold by
Smith Gu Investment Group Llc
Bought by
Wei Gu Haisong and Wei Ming

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 14, 2004
Sold by
Wei Gu Haisong and Wei Ming
Bought by
Smith Gu Investment Group Llc

Purchase Details

Closed on
May 6, 2004
Sold by
Edwards Joan F
Bought by
Edwards Joan F and Edwards Survivor Trust

Purchase Details

Closed on
May 5, 2004
Sold by
Edwards Joan F
Bought by
Wei Gu Haisong and Wei Ming

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 Buyer Sale Price Title Company
Cusimano Family Trust $570,000 First Centennial Reno
Rjs 10Th Street Llc -- None Available
Wei Gu Haisong $550,000 Western Title Incorporated
Smith Gu Investment Group Llc -- --
Edwards Joan F -- --
Wei Gu Haisong $60,000 Stewart Title Of Northern Nv
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wei Gu Haisong $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2016 03/10/16 Sold $570,000 -1.7% $129 / Sq Ft
01/17/2016 01/17/16 Pending -- -- --
12/04/2015 12/04/15 For Sale $580,000 -- $131 / 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 $5,938 $178,974 $49,000 $129,974
2024 $5,938 $179,720 $45,605 $134,115
2023 $5,501 $164,174 $46,305 $117,869
2022 $5,098 $138,743 $37,030 $101,713
2021 $4,966 $135,185 $33,530 $101,655
2020 $4,731 $134,518 $32,200 $102,318
2019 $4,508 $127,331 $28,000 $99,331
2018 $4,302 $121,681 $24,780 $96,901
2017 $4,128 $119,709 $23,800 $95,909
2016 $4,026 $117,917 $19,600 $98,317
2015 $4,018 $115,681 $14,840 $100,841
2014 $3,891 $107,680 $12,600 $95,080
2013 -- $104,097 $10,500 $93,597
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 150016143

Northern Nevada Regional MLS

APN: 032-153-11