NOT LISTED FOR SALE

5061 Tahiti Way Unit 2 Reno, NV 89502

Smithridge Neighborhood

Estimated Value: $211,000 - $222,000

2 Beds
1 Bath
882 Sq Ft
$199/mo HOA Fee

Last Sold April 21, 2022

Last sale price $239,000 $271 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $1,455/month

5 Days on Market

Highlights

  • Mountain View
  • Breakfast Area or Nook
  • Ceramic Tile Flooring
  • Damonte Ranch High School Rated A-
  • Walk-In Closet
  • 3-minute walk to Jamaica Park

About This Home

As of April 2022

Perfect for investors or first-time homeowner. Quaint vicinity located in a popular well-maintained community. Short distance to mall, shopping center, restaurants, bus stops and schools. HOA covers building maintenance., Tenant on month to month at $1,075 plus water sewer and trash. Water included in HOA Fee. Make highest and best offer. Offers will be reviewed end of day 03/26/2022. Pictures are pre-tenant move in. Buyer and Buyer's Agent to verify all information. Information is deemed reliable but not guaranteed. Please observe all COVID protocol.

Last Agent to Sell the Property

Jon Lundahl

Dickson Realty - Sparks License #S.76338 Listed on: 03/21/2022

Dickson Realty - Sparks

Last Buyer's Agent

Aaron Wood

LPT Realty, LLC License #S.190038

LPT Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $517

Year Built

  • Built in 1970

Lot Details

  • Landscaped
  • Sprinklers on Timer

HOA Fees

  • $199 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 882 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Family Room
  • Mountain Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Electric Oven
  • Electric Cooktop
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • 1 Carport Space

Location

  • Ground Level

Schools

  • Smith Elementary School
  • Pine Middle School
  • Damonte High School

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 02514062

Community Details

Overview

  • $225 HOA Transfer Fee
  • Terra West Association, Phone Number (702) 251-4531
  • Maintained Community
  • The community has rules related to covenants, conditions, and restrictions

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$517

Year Built

Built in 1970

Lot Details

0

HOA Fees

$199 per month

Listing Details

  • Year Built: 1970
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Horses: No
  • Road Frontage Type: Other
  • Co List Office Mls Id: 409-o
  • Co List Office Phone: 775-322-1093
  • Co List Office Mls Id: 1240-o
  • Co List Office Phone: 775-685-8800
  • Directions: Neil Rd, Jamaica Ave, Tahiti Way
  • Property Attached Yn: Yes
  • Special Features: None

Interior Features

  • Appliances: Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Washer
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Walk-In Closet(s)
  • Window Features: Blinds, Single Pane Windows

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Pitched, Shingle
  • Stories: 2
  • View: Mountain(s)
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab

Utilities

  • Utilities: Electricity Available, Internet Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: In Kitchen
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Middle Or Junior School: Pine

Lot Info

  • Parcel Number: 02514062
  • Fencing: None
  • Zoning: mf30

Tax Info

  • Tax Annual Amount: 516.7

MLS Schools

  • Elementary School: Smith
  • HighSchool: Damonte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2022
Closed on
Apr 19, 2022
Sold by
Resnik Ina
Bought by
Mihaly Anna and Mihaly Klara
Seller's Agent
Jon Lundahl
Dickson Realty - Sparks
Buyer's Agent
Aaron Wood
LPT Realty, LLC
List Price
$228,995
Sold Price
$239,000
Premium/Discount to List
$10,005
4.37%
Current Estimated Value
$217,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,492
Avg. Annual Appreciation
-2.94%
Original Mortgage
$209,125
Outstanding Balance
$197,682
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$19,826

Purchase Details

Listed on
Mar 21, 2022
Closed on
Apr 18, 2022
Sold by
Mihaly Zoltan
Bought by
Mihaly Klara
Seller's Agent
Jon Lundahl
Dickson Realty - Sparks
Buyer's Agent
Aaron Wood
LPT Realty, LLC
List Price
$228,995
Sold Price
$239,000
Premium/Discount to List
$10,005
4.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,125
Outstanding Balance
$197,682
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$19,826

Purchase Details

Closed on
Aug 27, 2004
Sold by
Alarcon Evelin
Bought by
Resnik Paul and Resnik Ina

Purchase Details

Closed on
Oct 15, 2003
Sold by
Aguirre Jovelina C
Bought by
Alarcon Evelin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,500
Interest Rate
6.14%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 20, 1996
Sold by
Hud
Bought by
Aguirre Jovelina C and Alarcon Aguirre Evelin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
May 14, 1996
Sold by
Ge Capital Mtg Services Inc
Bought by
Hud

Purchase Details

Closed on
Aug 17, 1995
Sold by
Saunders Marilyn A and Ingle Mariam J
Bought by
Ge Capital Mtg Services Inc

Purchase Details

Closed on
Nov 9, 1993
Sold by
Stroh Spencer and Stroh Heather
Bought by
Martorano Catherine L
Source: Public Records

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Range of Values:

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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
Mihaly Anna $239,000 First Centennial Title
Mihaly Klara -- First Centennial Title
Resnik Paul $112,000 First American Title
Alarcon Evelin -- First Centennial Title Co
Aguirre Jovelina C -- Stewart Title
Hud -- First American Title Co
Ge Capital Mtg Services Inc $56,827 First American Title Co
Martorano Catherine L -- Comstock Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mihaly Anna $209,125
Closed Mihaly Klara $209,125
Previous Owner Alarcon Evelin $47,500
Previous Owner Aguirre Jovelina C $49,000
Closed Alarcon Evelin $13,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2022 04/21/22 Sold $239,000 +4.4% $271 / Sq Ft
03/26/2022 03/26/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $228,995 -- $260 / 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 $587 $29,102 $18,795 $10,307
2024 $587 $27,531 $17,115 $10,416
2023 $571 $27,793 $18,760 $9,033
2022 $555 $24,008 $16,415 $7,593
2021 $517 $18,183 $10,710 $7,473
2020 $482 $17,343 $9,975 $7,368
2019 $451 $15,140 $7,735 $7,405
2018 $437 $12,464 $4,970 $7,494
2017 $425 $11,824 $4,130 $7,694
2016 $414 $12,014 $3,920 $8,094
2015 $414 $11,850 $3,220 $8,630
2014 $401 $10,782 $2,380 $8,402
2013 -- $10,485 $1,890 $8,595
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 220003514

Northern Nevada Regional MLS

APN: 025-140-62