$74,900
SOLD JAN 26, 2016

5001 Tahiti Way Unit 1 Reno, NV 89502

Smithridge Neighborhood
2 Beds
1 Bath
882 Sq Ft
$320/mo HOA Fee

Recently Sold

$85 Per Sq Ft

2 Days on Market

Highlights

  • Community Pool
  • Cooling Available
  • Laundry Room
  • Damonte Ranch High School Rated A-
  • Breakfast Bar
  • 2-minute walk to Jamaica Park

About This Home

As of December 2017

Excellent opportunity to buy and pay less than renting or invest in a great rental property. This unit is located at the front of a three-plex building, all one level, no adjoining neighbor walls or unit above. The current owner purchased in 2009 and updated the kitchen with new cabinetry, countertops and appliances. All flooring was replaced, new paint and the baseboard heating in the bedrooms was replaced with new units. A new hot water heater was installed in 2014., The long-term tenants have taken great care of the condo and are willing to stay. They are currently paying $650/month and are on a month to month lease. Please allow 24-hour notice to show.

Last Agent to Sell the Property

Elizabeth Watson

RE/MAX Gold Listed on: 01/01/2016

Last Buyer's Agent

Elizabeth Watson

RE/MAX Gold Listed on: 01/01/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $399

Year Built

  • Built in 1970

Lot Details

  • Landscaped
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

HOA Fees

Home Design

  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 882 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Aluminum Window Frames
  • Combination Dining and Living Room
  • Carpet
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • 1 Carport Space

Location

  • Ground Level

Schools

  • Smithridge Elementary School
  • Pine Middle School
  • Damonte High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Baseboard Heating
  • Gas Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 02514049

Community Details

Overview

  • Association fees include insurance
  • $250 HOA Transfer Fee
  • Equus Management Association
  • Maintained Community
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Pool

Additional Features

  • Community Storage Space
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$399

Year Built

Built in 1970

Lot Details

0

HOA Fees

$320 per month

Listing Details

  • Year Built: 1970
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Horses: No
  • Lot Features: Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
  • Road Frontage Type: Other
  • Security Features: Smoke Detector(s)
  • Association Amenities: Landscaping, Maintenance Grounds, Pool, Storage
  • Association Fees: 160.0
  • Association Fee Frequency: Monthly
  • Association Fee Inclusions: Insurance
  • Has H O A?: Yes
  • Co List Office Mls Id: 1514-o
  • Co List Office Phone: 775-787-3629
  • Directions: McCarran to Neil, right on Tahiti
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Living Area: 882.0
  • Property Attached Yn: Yes
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Smithridge
  • Tax Legal Middle Or Junior School2: Pine
  • Tax Legal High School: Damonte
  • Tax Legal Tax Annual Amount: 398.77
  • Tax Legal Zoning4: MUCC
  • Association Community Association Y N3: Yes
  • Association Community Association Fee3: 160.0
  • Building Stories5: 1
  • Building Property Attached Y N: Yes
  • Building Home Warranty Y N: No
  • Lot Horse Y N2: No
  • Association Details Transfer Fee: 250.0
  • Lot Features Landscaped: Yes
  • Cooling Electric: Yes
  • Foundation Details Crawl Space: Yes
  • Lot Features Level: Yes
  • Lot Features Sprinklers In Front: Yes
  • Lot Features Sprinklers In Rear: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Sprinklers Front: Yes
  • Sprinklers Rear: Yes
  • Typeof Construction Site Stick- Built: Yes
  • Water Rights Water Rights Y N: No
  • Appliances Dishwasher: Yes
  • Appliances Disposal: Yes
  • Appliances Dryer: Yes
  • Appliances Washer: Yes
  • Security Features Smoke Detector(s): Yes
  • Association Amenities Maintenance Grounds: Yes
  • Water Heater Gas5: Yes
  • Sprinklers Automatic: Yes
  • Association Amenities Landscaping: Yes
  • Association Amenities Storage: Yes
  • Association Community Association Fee Frequency3: Monthly
  • Association Details Management Company Name5: Equus Management
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Washer
  • Flooring: Carpet
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar
  • Window Features: Blinds, Metal Frames, Single Pane Windows
  • Interior Living Area4: 882.0
  • Interior Fireplace Y N: No
  • Flooring Carpet: Yes
  • Interior Features Breakfast Bar: Yes
  • Laundry Features In Kitchen: Yes
  • Kitchen Features Breakfast Bar2: Yes
  • Unit Level Ground Floor: Yes
  • Window Features Blinds: Yes
  • Dining Room Features Living Room Combination: Yes
  • Laundry Features Laundry Area: Yes
  • Kitchen Features Built- In Dishwasher: Yes
  • Kitchen Features Disposal2: Yes
  • Window Features Metal Frames: Yes
  • Living Room Features Dining Room Combination: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Construction Materials Wood Siding: Yes
  • Association Amenities Pool: Yes
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Carport Spaces: 1.0
  • Has Carport?: Yes
  • Has Attached Garage?: No
  • Parking Features: Carport
  • Total Parking Spaces: 1.0
  • Parking Information Garage Y N: No
  • Parking Information Carport Y N: Yes
  • Parking Information Carport Spaces2: 1.0
  • Parking Information Parking Total: 1.0
  • Parking Features Carport: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Water Meter Installed
  • Water Source: Public
  • Laundry Features: In Kitchen, Laundry Area
  • Cooling: Electric
  • Heating: Baseboard, Electric, Natural Gas, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Cooling Y N3: Yes
  • Utilities Heating Y N3: Yes
  • 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 Natural Gas: Yes
  • Water Source Public: Yes
  • Heating Baseboard: Yes
  • Heating Electric4: Yes
  • Heating Wall Furnace: Yes

Schools

  • Middle Or Junior School: Pine

Lot Info

  • Parcel Number: 02514049
  • Fencing: None
  • Zoning: MUCC

Tax Info

  • Tax Annual Amount: 398.77

MLS Schools

  • Elementary School: Smithridge
  • HighSchool: Damonte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2017
Closed on
Dec 18, 2017
Sold by
Giannini Paul and Giannini Nancy
Bought by
Ordaz Daniel and Ordaz Phyllis C
Seller's Agent
Cyndy Brown
Coldwell Banker Select Reno
Buyer's Agent
Cyndy Brown
Coldwell Banker Select Reno
List Price
$110,000
Sold Price
$110,000
Current Estimated Value
$201,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,659
Avg. Annual Appreciation
8.06%

Purchase Details

Closed on
Mar 29, 2017
Sold by
Building Tree Properties Llc
Bought by
Giannini Paul and Giannini Nancy

Purchase Details

Listed on
Jan 1, 2016
Closed on
Jan 27, 2016
Sold by
Gretebeck Rodney
Bought by
Building Tree Properties Llc
Seller's Agent
Elizabeth Watson
RE/MAX Gold
Buyer's Agent
Elizabeth Watson
RE/MAX Gold
List Price
$74,900
Sold Price
$74,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.78%

Purchase Details

Closed on
Apr 22, 2009
Sold by
Meadows James V
Bought by
Gretebeck Rodney

Purchase Details

Closed on
Aug 10, 1999
Sold by
Ordaz Family Revocable Trust
Bought by
Ordaz Properties Llc

Purchase Details

Closed on
Sep 3, 1996
Sold by
Arnold Herbert C and Arnold Louise
Bought by
Meadows James V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,350
Interest Rate
5.75%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Bargain Sale Deed $110,000 Ticor Title Reno
Bargain Sale Deed $90,000 Ticor Title Reno
Bargain Sale Deed $74,900 First Centennial Reno
Bargain Sale Deed $45,000 First American Title Reno
Bargain Sale Deed -- None Listed On Document
Grant Deed $53,000 United Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $80,800 Unknown
Previous Owner $20,200 Stand Alone Second
Previous Owner $50,350 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2017 12/21/17 Sold $110,000 0.0% $136 / Sq Ft
12/04/2017 12/04/17 Pending -- -- --
12/03/2017 12/03/17 For Sale $110,000 +46.9% $136 / Sq Ft
01/26/2016 01/26/16 Sold $74,900 0.0% $85 / Sq Ft
01/03/2016 01/03/16 Pending -- -- --
01/01/2016 01/01/16 For Sale $74,900 -- $85 / 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 $543 $28,825 $18,795 $10,030
2024 $543 $27,268 $17,115 $10,153
2023 $527 $27,540 $18,760 $8,780
2022 $512 $23,793 $16,415 $7,378
2021 $502 $17,972 $10,710 $7,262
2020 $467 $17,169 $9,975 $7,194
2019 $445 $14,947 $7,735 $7,212
2018 $425 $12,279 $4,970 $7,309
2017 $409 $11,634 $4,130 $7,504
2016 $399 $11,814 $3,920 $7,894
2015 $105 $11,446 $3,220 $8,226
2014 $387 $10,400 $2,380 $8,020
2013 -- $10,100 $1,890 $8,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 160000028

Northern Nevada Regional MLS

APN: 025-140-49