NOT LISTED FOR SALE

908 12th St Unit 912 12th & 1168 H Sparks, NV 89431

Downtown Sparks Neighborhood

Estimated Value: $418,947 - $550,000

4 Beds
4 Baths
2,210 Sq Ft
$218/Sq Ft Est. Value

Last Sold March 16, 2021

Last sale price $435,000 $197 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,783/month

71 Days on Market

Highlights

  • Wood Flooring
  • 1-Story Property
  • 4 Car Garage
  • Laundry Room
  • Forced Air Heating System
  • Wood Siding

About This Home

As of March 2021

Excellent location on the corner of 12th St & H St in Sparks. Walking distance to stores, restaurants, parks, and downtown Sparks events! This productive 3 unit multi-family property consist of a 2 bedroom, 1.5 bath, 1 garage house and a duplex with two 1 bed, 1 bath units. Each unit is individually metered for electric, gas, water, and sewer. All units have been well maintained with new water heaters in the duplex and electric panels on both the house and duplex. Vacancy has been practically non-existent!

Last Listed By

John Callahan

Keller Williams Group One Inc. License #S.71447 Listed on: 10/29/2020

Keller Williams Group One Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,119

Year Built

  • Built in 1960

Lot Details

  • 6,970 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Pitched Roof
  • Composition Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,210 Sq Ft Home
  • 1-Story Property
  • Drapes & Rods
  • Blinds
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 4 Car Garage
  • 1 Parking Space Included
  • Parking Available
  • Assigned Parking

Eco-Friendly Details

  • Watersense Fixture

Utilities

  • Cooling System Utilizes Natural Gas
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Buildings
  • 3 Units
  • 12Th & H Community

Listing and Financial Details

  • Utilities Included
  • Assessor Parcel Number 03122237

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,119

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Type Of Property: Duplex, Triplex, 4-Plex
  • Extended Remarks: 912 12th St is a 1020sqft stand alone house with a long term tenant of 12+ years currently paying $1,200 a month. 908 12th St and 1168 H St are 595 sqft each with current rents of $800 a side. Based on current market rents these could be below market and adjusted by a new owner. The house has separate laundry area and the duplex has washer hookups in the kitchens. Current owners/sellers pay for the trash, and sewer. The tenants pay for all other utilities.
  • Lvt Date: 10/29/2020
  • Year Built: 1960
  • Access Type: Public
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dishwasher, Oven/Range, Refrigerator, Varies Per Unit
  • Water Heater: Electric, Natural Gas, Varies By Unit
  • Flooring: Carpet, Laminate, Sheet Vinyl, Varies By Unit, Wood
  • Price Per Sq Ft: 196.83
  • Sold Price Per Sq Ft: 196.83
  • Source Of Sq Ft: Assessor
  • Gross Sq Ft: 2210

Exterior Features

  • Windows: Single Pane
  • Construction: Wood Frame
  • Exterior: Brick, Wood Siding
  • Fenced: Back, Partial, Varies Per Unit
  • Foundation: Concrete/Crawl Space
  • Landscaped: Water Sense Landscaping, Yes-Full
  • Roof: Composition/Shingle, Pitched
  • Stories: 1 Story

Garage/Parking

  • Total Parking Capacity: 4
  • Parking Capacity Per Unit: 1
  • Parking Types: Attached, Designated Parking, Garage, Varies Per Unit

Utilities

  • Heating Cooling: Natural Gas, Forced Air, Wall Heater, Varies By Unit
  • Internet: Yes
  • Utilities: Cable, City/County Water, City Sewer, Electricity, Natural Gas, Telephone, Water Meter Installed, Internet Available, Cellular Coverage Avail
  • Facility Features: Landlord Pays Utilities, Separate Heating/Cooling, Separate Meters-Electric, Separated Meters-Gas, Separate Meters-Water, Separate Water Heaters, Tenant Pays Utilities
  • Individually Metered: Yes
  • Laundry: Kitchen, Separate, Varies Per Unit

Condo/Co-op/Association

  • Complex Name: 12TH & H

Lot Info

  • Acreage: 0.16
  • Parcel Number: 03122237
  • Zoning Actual: MUD

Green Features

  • Green Features: Water Sense Landscaping
  • Smart Features: Water Sense Landscaping

Rental Info

  • Current Lease: Month To Month

Tax Info

  • Tax Database Id: 5
  • Taxes Dollar: 1119
  • Assessor Parcel Number: 03122237

Multi Family

  • Gross Scheduled Income: 33600
  • Number Units: 3
  • Unit Features: Blinds/Shades, Drapes/Curtains, Smoke Detector

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2020
Closed on
Feb 19, 2021
Sold by
Westlake Sarah
Bought by
Westlake Babe C
Seller's Agent
John Callahan
Keller Williams Group One Inc.
Buyer's Agent
Chris McCain
DL Realty
List Price
$475,000
Sold Price
$435,000
Premium/Discount to List
-$40,000
-8.42%
Total Days on Market
71
Current Estimated Value
$480,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,737
Avg. Annual Appreciation
2.42%
Original Mortgage
$200,000
Outstanding Balance
$181,311
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$299,426

Purchase Details

Listed on
Oct 29, 2020
Closed on
Feb 17, 2021
Sold by
Westlake Glyn A and Westlake Colleen M
Bought by
Fraziano Investments Llc
Seller's Agent
John Callahan
Keller Williams Group One Inc.
Buyer's Agent
Chris McCain
DL Realty
List Price
$475,000
Sold Price
$435,000
Premium/Discount to List
-$40,000
-8.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$181,311
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$299,426

Purchase Details

Closed on
May 2, 2014
Sold by
Westlake Glyn A and Westlake Colleen M
Bought by
Westlake Family Trust

Purchase Details

Closed on
Jan 6, 2014
Sold by
Westlake Glyn A and Westlake Colleen M
Bought by
Westlake Glyn A and Westlake Colleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2013
Sold by
Larson Arnold G and Larson Carol L
Bought by
Westlake Glyn A and Westlake Colleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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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
Westlake Babe C -- Western Title Company
Westlake Broc T T -- Western Title Company
Fraziano Investments Llc $435,000 Western Title Company
Westlake Family Trust -- None Available
Westlake Glyn A -- First American Title Reno
Westlake Glyn A $180,000 First American Title Reno
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fraziano Investments Llc $200,000
Previous Owner Westlake Glyn A $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2021 03/16/21 Sold $435,000 -4.4% $197 / Sq Ft
01/08/2021 01/08/21 Pending -- -- --
12/15/2020 12/15/20 Price Changed $455,000 -4.2% $206 / Sq Ft
11/23/2020 11/23/20 Price Changed $474,900 0.0% $215 / Sq Ft
10/29/2020 10/29/20 For Sale $475,000 -- $215 / 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 $1,256 $76,965 $47,250 $29,715
2024 $1,220 $73,446 $43,960 $29,486
2023 $1,220 $71,050 $44,625 $26,425
2022 $1,185 $56,598 $34,685 $21,914
2021 $1,153 $51,728 $30,310 $21,418
2020 $1,120 $51,356 $30,310 $21,046
2019 $1,066 $45,178 $25,235 $19,943
2018 $1,018 $37,697 $18,585 $19,112
2017 $977 $36,546 $17,850 $18,696
2016 $952 $33,399 $14,700 $18,699
2015 $951 $29,640 $11,130 $18,510
2014 $926 $26,840 $9,450 $17,390
2013 -- $24,481 $7,875 $16,606
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 200015154

Northern Nevada Regional MLS

APN: 031-222-37