Seller's Agent in 2023
Ken Lund
Ferrari-Lund Real Estate South
(775) 870-6332
2 in this area
144 Total Sales
437 Pyramid Way Sparks, NV 89431
Downtown Sparks NeighborhoodEstimated Value: $407,111 - $537,000
3
Beds
2
Baths
1,712
Sq Ft
$290/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 6 Car Attached Garage
- Double Pane Windows
- Wood Frame Window
- Storm Windows
- Refrigerated Cooling System
About This Home
As of June 2023Nicely remodeled pair of homes on single parcel offers investors or live/work owners a variety of opportunities. Zoned for Sparks's versatile mixed-use district. Main unit sits on Pyramid Highway and is passed by approximately 25,000 vehicles per day. Great signage already in place. Attractive home/office with beautiful lathe and plaster, antique wood floors in good condition, remodeled bathroom and kitchen, fresh paint, and good storage in unfinished basement., Parking area in rear with access from Pyramid. Rear unit has separate alley access, a garage, nice remodel, a mini-split unit for cooling, and current tenants. Rent for 1-bedroom unit is based on existing lease. Lease expires June 30, 2023. Both units are on same water meter, but are individually metered for gas and electricity. Rent for 2-bedroom unit is pro forma rent assuming commercial use, but could be a residential use if desired. Walking distance to shopping and entertainment of Victorian Square and close to freeway access and job centers. Pro forma cap rate of 6.9% based upon actual rent of $1,200 per month for 437 1/2 Pyramid and estimated pro forma rent of $2,200 per month for 437 Pyramid. Assuming 6% vacancy, $6,161 annual expenses (including 5% maintenance reserve of annual gross rent), for a NOI of $32,190 per year. Buyers are encouraged to reach their own assumptions on income and expenses for property.
Last Agent to Sell the Property
Ferrari-Lund Real Estate South License #BS.144762 Listed on: 04/21/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $968
Year Built
- Built in 1905
Lot Details
- 5,227 Sq Ft Lot
- Back Yard Fenced
- Landscaped
- Front Yard Sprinklers
Home Design
- Duplex
- Frame Construction
- Pitched Roof
- Shingle Roof
- Composition Roof
- Wood Siding
- Stucco
Interior Spaces
- 1,712 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Vinyl Clad Windows
- Blinds
- Wood Frame Window
- Aluminum Window Frames
- Crawl Space
Kitchen
- Oven
- Gas Range
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Laundry
- Laundry in Garage
- Dryer
- Washer
Home Security
- Smart Thermostat
- Storm Windows
- Fire and Smoke Detector
Parking
- 6 Car Attached Garage
- Alley Access
- Garage Door Opener
- Assigned Parking
Schools
- Mitchell Elementary School
- Sparks Middle School
- Sparks High School
Utilities
- Refrigerated Cooling System
- Cooling System Mounted To A Wall/Window
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Separate Meters
- Master Meter
- Individual Gas Meter
- Gas Water Heater
- Internet Available
- Phone Available
- Satellite Dish
- Cable TV Available
Listing and Financial Details
- Tenant pays for all utilities
- The owner pays for all utilities
- Assessor Parcel Number 03215403
Community Details
Overview
- 2 Buildings
- 2 Units
- The community has rules related to covenants, conditions, and restrictions
Building Details
- Vacancy Allowance $2,448
- Net Operating Income $32,190
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 14, 2013
Sold by
D4 Media Corp
Bought by
437 Pyramid Way Llc
Current Estimated Value
Purchase Details
Closed on
May 9, 2012
Sold by
Dunlap Courtney Lynn
Bought by
Dunlap John
Purchase Details
Closed on
May 4, 2012
Sold by
Fannie Mae
Bought by
Dunlap John
Purchase Details
Closed on
Jan 6, 2012
Sold by
Sidley Paul F and Sidley Maureen L
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Jun 16, 2008
Sold by
Sidley Maureen
Bought by
Sidley Paul
Purchase Details
Closed on
Jun 12, 2006
Sold by
Sidley Paul F and Sidley Maureen L
Bought by
Sidley Paul F and Sidley Maureen L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.56%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 4, 2006
Sold by
Tracy Angela
Bought by
Sidley Paul and Sidley Maureen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.56%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 28, 2004
Sold by
Tracy Angela and Sidley Angela
Bought by
Tracy Angela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,650
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Dec 1, 2003
Sold by
Gomes Alfred J and Alfred J Gomes Trust
Bought by
Sidley Angela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,200
Interest Rate
6.97%
Mortgage Type
Unknown
Purchase Details
Closed on
Jun 25, 1999
Sold by
Finke Richard W and Finke Nancy J
Bought by
Gomes Alfred J and The Alfred J Gomes Trust
Purchase Details
Closed on
Oct 26, 1998
Sold by
Finke Richard W and Finke Nancy J
Bought by
The Richard W & N J Finke Revocable Livi
Purchase Details
Closed on
Nov 7, 1994
Sold by
Finke Richard W and Finke Nancy J
Bought by
Richard W & Nancy J Finke Revocable
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 437 Pyramid Way Llc | -- | None Available | |
| D4 Media Corp | -- | None Available | |
| Dunlap John | -- | Northern Nevada Title C | |
| Dunlap John | $76,500 | Northern Nevada Title Cc | |
| Federal National Mortgage Association | $238,396 | Accommodation | |
| Sidley Paul | -- | None Available | |
| Sidley Paul F | -- | First Centennial Title Co | |
| Sidley Paul | -- | None Available | |
| Tracy Angela | -- | -- | |
| Sidley Angela | $448,266 | First Centennial Title Co | |
| Gomes Alfred J | $125,000 | Western Title Company Inc | |
| The Richard W & N J Finke Revocable Livi | -- | -- | |
| Richard W & Nancy J Finke Revocable | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sidley Paul F | $248,000 | |
| Previous Owner | Tracy Angela | $55,650 | |
| Previous Owner | Sidley Angela | $131,200 | |
| Closed | Sidley Angela | $32,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/07/2023 06/07/23 | Sold | $470,000 | -1.9% | $275 / Sq Ft |
| 04/27/2023 04/27/23 | Pending | -- | -- | -- |
| 04/20/2023 04/20/23 | For Sale | $479,000 | 0.0% | $280 / Sq Ft |
| 02/18/2017 02/18/17 | Rented | $1,350 | -25.0% | -- |
| 02/18/2017 02/18/17 | Under Contract | -- | -- | -- |
| 08/24/2016 08/24/16 | For Rent | $1,800 | -- | -- |
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 | $1,127 | $59,531 | $35,462 | $24,069 |
| 2024 | $1,127 | $56,136 | $32,904 | $23,233 |
| 2023 | $1,052 | $54,903 | $33,409 | $21,494 |
| 2022 | $968 | $45,505 | $27,935 | $17,570 |
| 2021 | $895 | $38,699 | $21,569 | $17,130 |
| 2020 | $841 | $39,153 | $22,313 | $16,840 |
| 2019 | $802 | $34,992 | $19,100 | $15,892 |
| 2018 | $778 | $28,123 | $12,912 | $15,211 |
| 2017 | $749 | $26,853 | $11,900 | $14,953 |
| 2016 | $732 | $24,534 | $9,520 | $15,014 |
| 2015 | $369 | $21,591 | $6,843 | $14,748 |
| 2014 | $708 | $19,846 | $5,950 | $13,896 |
| 2013 | -- | $17,621 | $5,236 | $12,385 |
Source: Public Records
Agents Affiliated with this Home
-
Ken Lund
-
Alicia Lund
Seller Co-Listing Agent in 2023
Alicia Lund
Ferrari-Lund Real Estate South
(775) 870-6332
2 in this area
89 Total Sales
-
Christian Reviglio
Buyer's Agent in 2023
Christian Reviglio
Ferrari-Lund Real Estate Reno
(775) 240-0405
1 in this area
43 Total Sales
-
Kristopher Kent
Seller's Agent in 2017
Kristopher Kent
Reno Realty
(775) 393-9560
37 Total Sales
-
N
Buyer's Agent in 2017
Non MLS Agent
Non MLS Office
Map
Source: Northern Nevada Regional MLS
MLS Number: 230003638
APN: 032-154-03
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