NOT LISTED FOR SALE

Estimated Value: $501,194 - $694,000

4 Beds
2 Baths
1,920 Sq Ft
$305/Sq Ft Est. Value

Sale Details

Date Sold: June 21, 2024

Last sale price $520,000 $271 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,333 / mo

72 Days on Market

Highlights

  • Wood Flooring
  • Landscaped
  • 3 Car Garage
  • Double Pane Windows
  • Forced Air Heating System
  • Partially Fenced Property

About This Home

As of June 2024

Don't miss this opportunity, first time on the market in nearly 30 years! Here is your chance to own an amazing investment property in the heart of Sparks! Walking distance to Victorian Square and all the events that happen in Sparks, walking distance to the new amphitheater, and the Casinos! This location cannot be beat! there are 2 units, each are 960 sq ft, (+ or -) with 2 bedrooms and 1 bath each. They have their own laundry hookups as well., These units are large with an open feel "great room" set up for the primary living areas, the floorplan makes these units feel much bigger than their size would indicate. The kitchens are large and open with an eat in breakfast nook and lots of cabinet space. The bedrooms are impressively sized and don't feel crowded at all. The single bath is ideally located between the bedrooms. There is off street parking in the detached garage with alley access. The units can use some cosmetic TLC and the tenants are month to month long term residents, the current rent is below market for the area and there is room for increase to market rates even in its current condition. There is a TON of upside income available for the owner who wants to add some cosmetic updating and turn them into a VRBO/Airbnb. The income potential is unlimited with the proximity to Victorian Square and the surrounding casinos. You could make your whole year with Hot August Nights; Street Vibrations and the Nugget Rib cook off! This is a steal to the right buyer with the foresight to see what this duplex could truly be. The neighborhood is nicely maintained, and the properties are well kept. Don't wait on this unit, Duplex and multi-Family properties are rare and this unit, with its location and income potential is rarer still!

Last Agent to Sell the Property

John Ruddy

Sierra Sotheby's International License #BS.145794 Listed on: 02/27/2024

Last Buyer's Agent

Lolis Vazquez

Reno Sparks Realty, LLC License #S.38647

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,675

Year Built

  • Built in 1980

Lot Details

  • 6,011 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped

Home Design

  • Slab Foundation
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Aluminum Window Frames
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Vinyl

Laundry

  • Laundry in Kitchen
  • Washer Hookup

Parking

  • 3 Car Garage
  • Alley Access

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Individual Gas Meter
  • Separate Water Meter
  • Gas Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units
  • Sparks Community

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 033-246-03

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,675

Year Built

Built in 1980

Lot Details

6,011 Sq Ft Lot

Listing Details

  • Year Built: 1980
  • Property Type: Residential Income
  • Lot Features: Landscaped
  • Lot Size Acres: 0.14
  • Road Frontage Type: Public
  • Security Features: Smoke Detector(s)
  • Co List Office Mls Id: 2172-o
  • Co List Office Phone: 775-384-6900
  • Directions: cross street is "D" St. Victorian Ave to 6th
  • Has Cooling?: Yes
  • Tax Legal Zoning4: MUD
  • Building Stories5: 1
  • Lot Features Landscaped: Yes
  • Foundation Details Slab: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Appliances Dishwasher: Yes
  • Appliances Disposal: Yes
  • Security Features Smoke Detector(s): Yes
  • Fencing Partial2: Yes
  • Water Heater Gas5: Yes
  • Construction Materials Frame: Yes
  • Lot Lot Size Acres4: 0.138
  • Lot Lot Size Square Feet4: 6011.28
  • Appliances Oven: Yes
  • Appliances Gas Range: Yes
  • Tax Legal Tax Annual Amount3: 1675.25
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 1.0
  • Building Number Of Units Total5: 2.0
  • Special Information Onsite Management Y N: No
  • Meter Information Separate Meters Y N: Yes
  • Meter Information Separate Electric Meters Y N: Yes
  • Meter Information Separate Gas Meters Y N: Yes
  • Meter Information Separate Water Meters Y N: Yes
  • Meter Information Separate Water Heaters Y N: Yes
  • Meter Information One Primary Electric Meter Y N: No
  • Meter Information One Primary Gas Meter Y N: No
  • Meter Information One Primary Water Meter Y N: No
  • Tax Legal Community Name5: Sparks
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Oven, Dishwasher, Disposal, Gas Range, Refrigerator
  • Flooring: Laminate, Varies, Vinyl, Wood
  • Number Of Buildings: 1
  • Other Equipment: Varies By Unit
  • Window Features: Double Pane Windows, Metal Frames, Varies
  • Window Features Double Pane Windows: Yes
  • Laundry Features In Kitchen: Yes
  • Flooring Wood: Yes
  • Window Features Metal Frames: Yes
  • Flooring Laminate: Yes
  • Flooring Vinyl: Yes
  • Interior Building Area Total3: 1920.0
  • Laundry Features Washer Hookup: Yes

Exterior Features

  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • Construction Type: Frame, Vinyl Siding
  • Foundation Details: Slab
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes
  • Construction Materials Vinyl Siding: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Alley Access, Garage
  • Total Parking Spaces: 3.0
  • Parking Features Garage: Yes
  • Parking Information Parking Total4: 3.0
  • Parking Features Alley Access: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed, Varies By Unit
  • Water Source: Public
  • Laundry Features: In Kitchen, Washer Hookup, Varies By Unit
  • Cooling: Varies By Unit
  • Heating: Forced Air, Natural Gas, Varies By Unit
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Water Meter Installed: Yes
  • Utilities Internet Available: Yes
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Utilities Heating Y N5: Yes

Lot Info

  • Parcel Number: 033-246-03
  • Fencing: Partial
  • Lot Size Sq Ft: 6011.28
  • Zoning: MUD

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 25200.0
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1675.25

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2024
Closed on
Jun 13, 2024
Sold by
Bought by
Seller's Agent
John Ruddy
Sierra Sotheby's International
Buyer's Agent
Lolis Vazquez
Reno Sparks Realty, LLC
List Price
$585,000
Sold Price
$520,000
Premium/Discount to List
-$65,000
-11.11%
Views
171
Current Estimated Value
$586,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,549
Avg. Annual Appreciation
5.84%
Original Mortgage
$125,000
Outstanding Balance
$121,165
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$465,384

Purchase Details

Closed on
Feb 21, 2007
Sold by
Bought by

Purchase Details

Closed on
Jun 24, 1998
Sold by
Bought by

Purchase Details

Closed on
Mar 25, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$520,000 First American Title
-- None Available
$108,000 --
$133,000 First Centennial Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $125,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/21/2024 06/21/24 Sold $520,000 -9.6% $271 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
03/29/2024 03/29/24 Price Changed $575,000 -1.7% $299 / Sq Ft
02/26/2024 02/26/24 For Sale $585,000 -- $305 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,390 $71,104 $40,880 $30,224
2025 $1,724 $72,848 $41,720 $31,128
2024 $1,724 $71,572 $38,710 $32,862
2023 $1,675 $69,111 $39,305 $29,806
2022 $1,628 $58,888 $32,865 $26,023
2021 $1,508 $52,088 $25,375 $26,713
2020 $1,464 $53,635 $26,250 $27,385
2019 $1,419 $49,623 $22,470 $27,153
2018 $1,380 $42,092 $15,190 $26,902
2017 $1,340 $41,113 $14,000 $27,113
2016 $1,307 $39,248 $11,200 $28,048
2015 $1,304 $36,932 $8,050 $28,882
2014 $1,262 $34,778 $7,000 $27,778
2013 -- $33,676 $6,160 $27,516
Source: Public Records

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Map

Source: Northern Nevada Regional MLS

MLS Number: 240002109

Northern Nevada Regional MLS

APN: 033-246-03

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