$665,000
SOLD AUG 28, 2024
6 Beds
15 Baths
3,074 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$216 Per Sq Ft

4% Below List Price

363 Days on Market

Highlights

  • Double Pane Windows
  • Drip System Landscaping
  • Evaporated cooling system
  • 1-Story Property
  • Forced Air Heating System
  • 3-minute walk to Deer Park

About This Home

As of August 2024

Well cared for triplex in Sparks with excellent income. Front home has 2 bed, 1 bath above and separate entry daylight basement unit below is 2 bed, 2 bath, built in 1938, fully remodeled approximately 4 years ago. 3rd unit is separate home built in 1988, 2 bedroom, 2 bath with small backyard. All units have newer flooring, paint and upgrades of one type or another with new roof 3 years ago. All units have oven/ranges, refrigerators and washer/dryers.

Last Agent to Sell the Property

Ron Boles

Boles Realty License #B.31985

Last Buyer's Agent

Jake Andronico

Address Income License #S.200197

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,064

Year Built

  • Built in 1988

Lot Details

  • 6,098 Sq Ft Lot
  • Property fronts an alley
  • Back and Front Yard Fenced
  • Drip System Landscaping
  • Manual Sprinklers System

Home Design

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

Interior Spaces

  • 3,074 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Blinds
  • Fire and Smoke Detector
  • Finished Basement

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Parking

  • 5 Parking Spaces
  • 1 Parking Space Included
  • Parking Lot

Schools

  • Mitchell Elementary School
  • Sparks Middle School
  • Sparks High School

Utilities

  • Evaporated cooling system
  • Cooling System Utilizes Natural Gas
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • Internet Available
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 03135108

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • 735 And 737 16Th Street Community

Building Details

  • Net Operating Income $46,487

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,064

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Type Of Property: Duplex, Triplex, 4-Plex
  • Extended Remarks: New kitchen appliances in all units were just install, only one refrigerator was kept that was a year old. The home at 735 16th just had new plumbing installed throughout and is rented at $1,775 per month. Unit 737-B has just completed a remodel and was leased for $1,750 per month, effective July 15, 2024. Unit 737-A is currently being painted and will soon be available to show. The complete exterior of 737 16th St. is being painted. NOTE ON MARKET TIME: The 737-B unit was under remodel for over 6 months was a major issue with Buyers since it was not complete. A full price offer did not close due to the incomplete construction. This is the reason for the extended marketing time and as of July 15, 2024 this is no longer an issue. Please do not disturb tenants. The occupied units can be seen upon an accepted offer. Please make offer subject to Buyer's personal inspection within 5 days of acceptance.
  • Lvt Date: 07/31/2023
  • Year Built: 1988
  • Access Type: Public
  • Xstreet Directions: between G & F Streets
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Oven/Range, Disposal, Dishwasher, Washer, Dryer
  • Water Heater: Natural Gas
  • Flooring: Carpet, Sheet Vinyl
  • Price Per Sq Ft: 216.33
  • Sold Price Per Sq Ft: 216.33
  • Source Of Sq Ft: Assessor
  • Gross Sq Ft: 3074

Exterior Features

  • Windows: Double Pane, Single Pane, Varies by Unit
  • Construction: Wood Frame
  • Exterior: Wood Siding
  • Fenced: Back, Front, Varies Per Unit
  • Foundation: Basement/Finished, Concrete Slab
  • Landscaped: Partially Landscaped, Yes
  • Roof: Composition/Shingle, Pitched
  • Stories: 1 Story

Garage/Parking

  • Total Parking Capacity: 5
  • Parking Capacity Per Unit: 1
  • Parking Types: Common

Utilities

  • Sprinklers: Drip-Front, Manual
  • Heating Cooling: Evap Cooling, Natural Gas, Forced Air, Varies by Unit
  • Internet: Yes
  • Utilities: City/County Water, City Sewer, Electricity, Natural Gas, Telephone, Water Meter Installed, Internet Available, Cellular Coverage Avail
  • Facility Features: Separated Meters-Gas, Separate Meters-Electric, Separate Water Heaters, Tenant Pays Utilities
  • Individually Metered: Yes
  • Laundry: Kitchen, Varies Per Unit

Condo/Co-op/Association

  • Common Features: Alley Access
  • Complex Name: 735 and 737 16th Street

Schools

  • Elementary School: Mitchell, Robert
  • Middle School: Sparks
  • High School: Sparks

Lot Info

  • Acreage: 0.14
  • Parcel Number: 03135108
  • Zoning Actual: MUD

Green Features

  • Green Features: Double Pane Windows

Rental Info

  • Current Lease: Leases

Tax Info

  • Taxes Dollar: 2064

Multi Family

  • Annual Expenses: 14914
  • Annual Vacancy: 1899
  • APOD Available: Yes
  • Gross Scheduled Income: 63300
  • Number Units: 3
  • Unit Features: Blinds/Shades, Smoke Detector

MLS Schools

  • Elementary School: Mitchell, Robert
  • HighSchool: Sparks
  • Middle School: Sparks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2023
Closed on
Aug 28, 2024
Sold by
Holloway Jason Scott and Holloway Julie Madeleine
Bought by
Maswadeh Laith
Seller's Agent
Ron Boles
Boles Realty
Buyer's Agent
Jake Andronico
Address Income
List Price
$695,000
Sold Price
$665,000
Premium/Discount to List
-$30,000
-4.32%
Total Days on Market
363
Views
361
Current Estimated Value
$652,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,205
Avg. Annual Appreciation
-3.60%
Original Mortgage
$498,750
Outstanding Balance
$495,705
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$152,692

Purchase Details

Listed on
Feb 9, 2021
Closed on
Mar 19, 2021
Sold by
Holloway Jason S and Holloway Julie M
Bought by
Holloway Jason S and Holloway Julie Madeleine
Seller's Agent
Karen Degney
Sierra Sotheby's Intl. Realty
Buyer's Agent
Ron Boles
Boles Realty
List Price
$575,000
Sold Price
$595,000
Premium/Discount to List
$20,000
3.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.30%
Original Mortgage
$446,250
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 9, 2021
Closed on
Mar 12, 2021
Sold by
Degney Kenneth Wallace and Degney Karen Anna
Bought by
Holloway Jason S and Holloway Julie M
Seller's Agent
Karen Degney
Sierra Sotheby's Intl. Realty
Buyer's Agent
Ron Boles
Boles Realty
List Price
$575,000
Sold Price
$595,000
Premium/Discount to List
$20,000
3.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,250
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2019
Sold by
Degney Kenneth Wallace and Degney Karen Anna
Bought by
K And K Degney Living Trust

Purchase Details

Closed on
Mar 9, 2017
Sold by
Williams Seth and Williams Tavia
Bought by
Degney Kenneth Wallace and Degney Karen Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2004
Sold by
Pavey Peter J
Bought by
Williams Seth and Williams Tavia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 13, 2002
Sold by
Valley View Ltd
Bought by
Pavey Peter J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,900
Interest Rate
6.86%

Map

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 Type Sale Price Title Company
Bargain Sale Deed $665,000 First American Title
Quit Claim Deed -- First American Title
Interfamily Deed Transfer -- First Centennial Reno
Bargain Sale Deed $595,000 First Centennial Reno
Interfamily Deed Transfer -- Toiyabe Title
Bargain Sale Deed $295,000 Reliant Title
Bargain Sale Deed $285,000 Ticor Title Of Nevada Inc
Bargain Sale Deed $221,000 Stewart Title Northern Nevad
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $498,750 New Conventional
Previous Owner $446,250 New Conventional
Previous Owner $221,250 New Conventional
Previous Owner $199,500 Credit Line Revolving
Previous Owner $198,900 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2024 08/28/24 Sold $665,000 -4.3% $216 / Sq Ft
07/28/2024 07/28/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $695,000 0.0% $226 / Sq Ft
05/16/2024 05/16/24 Pending -- -- --
10/26/2023 10/26/23 Price Changed $695,000 -4.1% $226 / Sq Ft
07/31/2023 07/31/23 For Sale $725,000 +21.8% $236 / Sq Ft
03/24/2021 03/24/21 Sold $595,000 +3.5% $191 / Sq Ft
02/10/2021 02/10/21 Pending -- -- --
02/09/2021 02/09/21 For Sale $575,000 0.0% $185 / Sq Ft
08/15/2017 08/15/17 Rented $1,100 -99.9% --
08/15/2017 08/15/17 Under Contract -- -- --
07/26/2017 07/26/17 For Rent $1,100,000 -- --
Source: Northern Nevada Regional MLS

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 $2,227 $87,978 $47,250 $40,728
2024 $2,227 $85,230 $43,960 $41,270
2023 $2,064 $82,515 $44,625 $37,890
2022 $1,913 $66,540 $34,685 $31,855
2021 $1,800 $61,983 $30,310 $31,673
2020 $1,706 $62,050 $30,310 $31,740
2019 $1,641 $55,934 $25,235 $30,699
2018 $1,561 $48,547 $18,585 $29,962
2017 $1,477 $47,666 $17,850 $29,816
2016 $1,438 $44,973 $14,700 $30,273
2015 $1,435 $41,554 $11,130 $30,424
2014 $1,392 $38,463 $9,450 $29,013
2013 -- $36,592 $7,875 $28,717
Source: Public Records

Source: Northern Nevada Regional MLS

MLS Number: 230008650

Northern Nevada Regional MLS

APN: 031-351-08