NOT LISTED FOR SALE

8516 Gypsy Hill Trail Reno, NV 89523

Somersett Neighborhood

Estimated Value: $1,247,000 - $1,395,000

3 Beds
3 Baths
3,550 Sq Ft
$375/Sq Ft Est. Value

Last Sold October 25, 2023

Last sale price $1,376,000 $388 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $8,541/month

4 Days on Market

Highlights

  • Golf Course Community
  • Spa
  • View of Trees or Woods
  • Fitness Center
  • Gated Community
  • 0.43 Acre Lot

About This Home

As of October 2023

Another Somersett high quality one level highly upgraded home on almost a half an acre with killer views.This is one of the more popular floor plans in Somersett with 15 ft ceilings and a great room concept. No better floor plan for entertaining inside or out. The backyard is very low maintenance zero scape type Landscaping with several dry creek beds. There's also a weather protected large paver patio with a trellis, great for enjoying the view. Other upgrades in this home include a whole house generator., "Open house saturday 9-23 from 11-3" Most of the living area is rich dark engineered hardwood floors and the window treatments are Hunter Douglas. There is old world texture on the walls, and a floor to ceiling custom Stone Hearth on the thermostatically controlled fireplace. Also the five-car garage has an industrial strength epoxy floor. There's also three ensuite bedrooms with highly upgraded Plumbing fixtures and natural stones. The kitchen features some of the richest slab granite you will see with pendant lighting Over the Bar, 2 built in microwave ovens,Thermador oven, a heating drawer, soft-close drawers and pull outs in all of the cabinets. All of the appliances are Thermador including a professional built-in Sub-Zero type refrigerator. Other upgrades include a reverse osmosis water system and an Aprilaire humidifier system on the furnace. Keep in mind there are three bedrooms plus a dedicated office with built-ins, there's also another bonus room with skylights that could be used as a game room, workout room or formal dining room. In the primary bedroom there is a beautiful fireplace with custom hearth and great views! And in the kitchen there is a beautiful custom hood over the gas cook top. This home is located in one of Somersetts private gated communities just minutes from the championship golf course and 5 restaurants. There's a lot to digest here and your best bet is to take a tour of this home today.

Last Agent to Sell the Property

David Hughes

Dickson Realty - Caughlin License #S.15142 Listed on: 09/22/2023

Dickson Realty - Caughlin

Last Buyer's Agent

Michael Zeno

RE/MAX Professionals-Reno License #S.192714

RE/MAX Professionals-Reno

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,697

Year Built

  • Built in 2014

Lot Details

  • 0.43 Acre Lot
  • Property fronts a private road
  • Security Fence
  • Back Yard Fenced
  • Landscaped
  • Level Lot
  • Open Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Property is zoned Pd

HOA Fees

  • $255 Monthly HOA Fees

Parking

  • 5 Car Attached Garage
  • Garage Door Opener

Property Views

  • Woods
  • Mountain
  • Desert
  • Valley
  • Park or Greenbelt

Home Design

  • Pitched Roof
  • Tile Roof
  • Stick Built Home
  • Stucco

Interior Spaces

  • 3,550 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Circulating Fireplace
  • Gas Log Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room
  • Separate Formal Living Room
  • Combination Kitchen and Dining Room
  • Home Office
  • Crawl Space

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Double Oven
  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Garden Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry
  • Laundry Cabinets

Home Security

  • Security System Owned
  • Smart Thermostat
  • Fire and Smoke Detector

Outdoor Features

  • Spa
  • Patio
  • Barbecue Stubbed In

Schools

  • Westergard Elementary School
  • Billinghurst Middle School
  • Mc Queen High School

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Power Generator
  • Gas Water Heater
  • Water Purifier
  • Internet Available
  • Centralized Data Panel
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 23262319

Community Details

Overview

  • Association fees include insurance, snow removal
  • $1,375 HOA Transfer Fee
  • Somersett Management Association
  • Maintained Community
  • The community has rules related to covenants, conditions, and restrictions
  • Greenbelt

Amenities

  • Common Area
  • Sauna
  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa
  • Snow Removal

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,697

Year Built

Built in 2014

Lot Details

0

HOA Fees

$255 per month

Parking

5

Listing Details

  • Year Built: 2014
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: No
  • Lot Features: Common Area, Greenbelt, Landscaped, Level, Open Lot, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Acres: 0.43
  • Road Frontage Type: Private Road, Other
  • Has View?: Yes
  • Security Features: Security Fence, Security System Owned, Smoke Detector(s)
  • Association Amenities: Fitness Center, Gated, Golf Course, Maintenance Grounds, Pool, Sauna, Spa/Hot Tub, Tennis Court(s), Clubhouse/Recreation Room
  • Association Fees: 255.0
  • Association Fee Frequency: Monthly
  • Association Fee Inclusions: Insurance, Snow Removal
  • Has H O A?: Yes
  • Co List Office Mls Id: 136-o
  • Co List Office Phone: 775-746-7000
  • Directions: Somersett, Evening Rock, L Timaru
  • Has Cooling?: Yes
  • Has Fireplace?: Yes
  • Living Area: 3550.0
  • Property Attached Yn: No
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Westergard
  • Tax Legal Middle Or Junior School2: Billinghurst
  • Tax Legal High School: Mc Queen
  • Tax Legal Tax Annual Amount: 7696.8
  • Tax Legal Zoning4: Pd
  • Association Community Association Y N3: Yes
  • Association Community Association Fee3: 255.0
  • Building Stories5: 1
  • Building Property Attached Y N: No
  • Building Home Warranty Y N: Yes
  • Lot Lot Size Acres2: 0.43
  • Lot Lot Size Square Feet2: 18730.8
  • Lot Horse Y N2: No
  • Association Details Transfer Fee: 1375.0
  • Lot View Y N2: Yes
  • Fencing Back Yard: Yes
  • Lot Features Landscaped: Yes
  • Cooling Central Air: 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
  • Cooling Refrigerated: Yes
  • Appliances Disposal: Yes
  • Appliances Dryer: Yes
  • Appliances Washer: Yes
  • Outdoor Living Spaces Patio2: Yes
  • Security Features Smoke Detector(s): Yes
  • Sprinklers Drip System In Front: Yes
  • View Mountain(s): Yes
  • Appliances Microwave: Yes
  • Association Amenities Fitness Center: Yes
  • Association Amenities Gated: Yes
  • Association Amenities Maintenance Grounds: Yes
  • Association Amenities Tennis Court(s): Yes
  • Association Amenities Clubhouse Recreation Room: Yes
  • Association Fee Includes Snow Removal2: Yes
  • Security Features Security Fence: Yes
  • Water Heater Gas5: Yes
  • Construction Materials Stucco: Yes
  • Fireplace Features Gas Log: Yes
  • Sprinklers Automatic: Yes
  • Security Features Security System Owned: Yes
  • Lot Features Open Lot: Yes
  • View Desert: Yes
  • View Valley: Yes
  • Other Rooms Office Den: Yes
  • View Trees Woods: Yes
  • Other Rooms Entrance Foyer2: Yes
  • Lot Features Greenbelt: Yes
  • View Park Greenbelt: Yes
  • Lot Features Common Area3: Yes
  • Road Frontage Type Private Road: Yes
  • Road Responsibility Private Maintained Road: Yes
  • Association Amenities Sauna: Yes
  • Association Amenities Spa Hot Tub: Yes
  • Association Community Association Fee Frequency3: Monthly
  • Association Details Management Company Name5: Somersett Management
  • Fireplace Features Circulating: Yes
  • Appliances Electric Range: Yes
  • Association Amenities Golf Course: Yes
  • Water Heater Recirculating: Yes
  • Appliances Double Oven: Yes
  • Appliances Electric Oven: Yes
  • Appliances Included As Personal Property Gas Cooktop2: Yes
  • Appliances Water Purifier: Yes
  • Other Equipment Generator: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Double Oven, Dryer, Electric Oven, Electric Range, Gas Cooktop, Microwave, Refrigerator, Washer, Water Purifier
  • Flooring: Carpet, Ceramic Tile, Wood
  • Other Equipment: Generator
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Circulating, Gas Log
  • Fireplaces: 2
  • Interior Amenities: Breakfast Bar, High Ceilings, Kitchen Island, Pantry, Primary Downstairs, Smart Thermostat, Walk-In Closet(s)
  • Window Features: Blinds, Double Pane Windows, Drapes, Rods, Vinyl Frames
  • Interior Living Area4: 3550.0
  • Interior Fireplace Y N: Yes
  • Flooring Carpet: Yes
  • Interior Features High Ceilings: Yes
  • Interior Features Breakfast Bar: Yes
  • Interior Features Primary Downstairs: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Dining Room Features Separate Formal Room2: Yes
  • Kitchen Features Breakfast Bar2: Yes
  • Window Features Blinds: Yes
  • Window Features Drapes: Yes
  • Primary Bedroom Features Double Sinks: Yes
  • Interior Fireplaces Total2: 2.0
  • Primary Bedroom Features On Main Floor: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Wood: Yes
  • Window Features Rods: Yes
  • Laundry Features Cabinets2: Yes
  • Laundry Features Laundry Area: Yes
  • Laundry Features Laundry Room: Yes
  • Dining Room Features High Ceilings3: Yes
  • Kitchen Features Built- In Dishwasher: Yes
  • Kitchen Features Disposal2: Yes
  • Dining Room Features Kitchen Combination: Yes
  • Primary Bedroom Features Garden Tub: Yes
  • Fireplace Features Family Room: Yes
  • Interior Features Kitchen Island: Yes
  • Interior Features Walk- In Closet(s): Yes
  • Laundry Features Sink: Yes
  • Family Room Features High Ceilings4: Yes
  • Kitchen Features Breakfast Nook: Yes
  • Kitchen Features Built- In Microwave: Yes
  • Kitchen Features Kitchen Island2: Yes
  • Primary Bedroom Features Walk- In Closet(s)2: Yes
  • Fireplace Features Primary Bedroom: Yes
  • Family Room Features Great Room5: Yes
  • Other Rooms Bedroom Office Main Floor: Yes
  • Interior Features Smart Thermostat: Yes
  • Kitchen Features Built- In Double Oven: Yes
  • Kitchen Features Gas Cooktop3: Yes

Exterior Features

  • Exterior Features: Barbecue Stubbed In
  • Roof: Pitched, Tile
  • Stories: 1
  • View: Desert, Mountain(s), Park/Greenbelt, Trees/Woods, Valley
  • Construction Type: Stucco
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Patio
  • Association Amenities Pool: Yes
  • Roof Pitched: Yes
  • Roof Tile3: Yes
  • Exterior Features Barbecue Stubbed In: Yes

Garage/Parking

  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Garage Spaces: 5.0
  • Has Attached Garage?: Yes
  • Parking Features: Attached, Garage Door Opener
  • Total Parking Spaces: 5.0
  • Parking Information Garage Y N: Yes
  • Parking Information Garage Spaces: 5.0
  • Parking Information Carport Y N: No
  • Parking Information Parking Total: 5.0
  • Parking Features Attached: Yes
  • Parking Features Garage Door Opener: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage, Centralized Data Panel, Water Meter Installed
  • Water Source: Public
  • Laundry Features: Cabinets, Laundry Area, Laundry Room, Sink
  • Cooling: Central Air, Refrigerated
  • Heating: Forced Air, Natural Gas
  • 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 Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Utilities Centralized Data Panel: Yes

Schools

  • Middle Or Junior School: Billinghurst

Lot Info

  • Parcel Number: 23262319
  • Fencing: Back Yard
  • Lot Size Sq Ft: 18730.8
  • Zoning: Pd

Tax Info

  • Tax Annual Amount: 7696.8

MLS Schools

  • Elementary School: Westergard
  • HighSchool: Mc Queen

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2023
Closed on
Oct 23, 2023
Sold by
Gano Thomas D and Gano Mary E
Bought by
Nicholas Christopher B and Nicholas Denise
Seller's Agent
David Hughes
Dickson Realty - Caughlin
Buyer's Agent
Michael Zeno
RE/MAX Professionals-Reno
List Price
$1,375,000
Sold Price
$1,376,000
Premium/Discount to List
$1,000
0.07%
Views
65
Current Estimated Value
$1,346,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,165
Avg. Annual Appreciation
-0.99%
Original Mortgage
$876,000
Outstanding Balance
$863,639
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$487,891

Purchase Details

Closed on
Aug 10, 2023
Sold by
J J Gano Jr Revocable Trust
Bought by
Gano Thomas D and Gano Mary E

Purchase Details

Listed on
Oct 1, 2012
Closed on
Apr 5, 2014
Sold by
Mountain View Ledges Llc
Bought by
Gano Joseph J and Cocklin Elaine
Seller's Agent
Jennifer Jory
Haute Properties NV
Buyer's Agent
Jennifer Jory
Haute Properties NV
List Price
$814,383
Sold Price
$814,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.57%

Purchase Details

Closed on
Jul 25, 2013
Sold by
Somersett Ledges 2010 Llc
Bought by
Mountain View Ledges Llc

Purchase Details

Closed on
Apr 2, 2010
Sold by
Jpo Inc
Bought by
Somerset Ledges 2010 Llc

Purchase Details

Closed on
Sep 22, 2009
Sold by
The Ledges Llc
Bought by
Jpo Inc

Purchase Details

Closed on
Jun 6, 2007
Sold by
Pmg Land Investors Llc
Bought by
The Ledges Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,097,808
Interest Rate
6.21%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 29, 2005
Sold by
Pmg Golf Communities Llc
Bought by
Pmg Land Investors Llc
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 Buyer Sale Price Title Company
Nicholas Christopher B $1,376,000 First American Title
Gano Thomas D -- None Listed On Document
Gano Joseph J $814,500 None Available
Mountain View Ledges Llc $70,000 None Available
Somerset Ledges 2010 Llc $1,306,500 Northern Nevada Title Cc
Jpo Inc $1,960,000 Fidelity National Title Insu
The Ledges Llc $4,500,000 Ticor Title Of Nevada Inc
Pmg Land Investors Llc -- Ticor Title Of Nevada Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicholas Christopher B $876,000
Previous Owner The Ledges Llc $3,237,000
Previous Owner The Ledges Llc $0
Previous Owner The Ledges Llc $2,097,808
Previous Owner The Ledges Llc $2,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2023 10/25/23 Sold $1,376,000 +0.1% $388 / Sq Ft
09/25/2023 09/25/23 Pending -- -- --
09/21/2023 09/21/23 For Sale $1,375,000 +68.8% $387 / Sq Ft
04/18/2014 04/18/14 Sold $814,383 0.0% $233 / Sq Ft
07/11/2013 07/11/13 Pending -- -- --
10/01/2012 10/01/12 For Sale $814,383 -- $233 / 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 $8,310 $276,546 $70,455 $206,091
2024 $8,310 $270,847 $64,050 $206,797
2023 $7,697 $274,659 $75,250 $199,409
2022 $7,472 $230,427 $65,450 $164,977
2021 $7,076 $208,773 $50,400 $158,373
2020 $6,867 $211,640 $53,550 $158,090
2019 $6,668 $193,187 $41,195 $151,992
2018 $6,475 $184,286 $36,190 $148,096
2017 $6,289 $183,814 $36,190 $147,624
2016 $6,125 $182,510 $32,795 $149,715
2015 $1,533 $180,608 $30,905 $149,703
2014 $5,931 $174,722 $30,695 $144,027
2013 -- $11,993 $11,025 $968
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 230011127

Northern Nevada Regional MLS

APN: 232-623-19