NOT LISTED FOR SALE

981 University Place Reno, NV 89512

West University Neighborhood

Estimated Value: $700,000 - $878,000

4 Beds
3 Baths
2,986 Sq Ft
$268/Sq Ft Est. Value

Last Sold September 09, 2014

Last sale price $259,000 $87 Per Sq Ft

Est. 209% increase in value since last sale

Current estimated payment $4,557/month

143 Days on Market

Highlights

  • City View
  • Wood Flooring
  • Corner Lot
  • Fireplace in Primary Bedroom
  • Bonus Room
  • 3-minute walk to University Ridge Park

About This Home

As of September 2014

24 hour notice to show! Many upgrades are featured in this well kept home on a corner lot. Hardwood floors throughout. Travertine tile flooring, and counters & enclosures in the upstairs bathrooms. Granite counter tops and backsplashes in the kitchen including a large island with storage drawers and a cook top. Large pantry. Large family room with fireplace and custom mantle. Large bedroom upstairs is a bonus room. Master features a vaulted ceiling, and fireplace with a travertine mantle. See ext. remarks., Extensive walk in closet features organizers and hi-lows. Travertine tile flooring and counters in the large master bathroom. Stunnning!! Park like backyard affords privacy. Priced because of possible settling issues!! Agents see Pvt. remarks

Last Agent to Sell the Property

Robert Domiteaux

RE/MAX Professionals-Sparks License #BS.17610 Listed on: 10/23/2013

RE/MAX Professionals-Sparks

Last Buyer's Agent

Kyle Krch

Epique Realty License #B.56206

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,525

Year Built

  • Built in 1996

Lot Details

  • 0.31 Acre Lot
  • Dog Run
  • Back Yard Fenced
  • Landscaped
  • Corner Lot
  • Level Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Property is zoned PUD

HOA Fees

  • $20 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Property Views

  • City
  • Peek-A-Boo
  • Desert

Home Design

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

Interior Spaces

  • 2,986 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Vinyl Clad Windows
  • Blinds
  • Family Room with Fireplace
  • 2 Fireplaces
  • Bonus Room
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Travertine

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Primary Bathroom Bathtub Only
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Laundry Cabinets

Outdoor Features

  • Patio

Schools

  • Peavine Elementary School
  • Clayton Middle School
  • Hug High School

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • $350 HOA Transfer Fee
  • Equus Association
  • Maintained Community
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Short Sale
  • Home warranty included in the sale of the property
  • Assessor Parcel Number 00359101

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,525

Year Built

Built in 1996

Lot Details

0

HOA Fees

$20 per month

Parking

3

Listing Details

  • Year Built: 1996
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: No
  • Lot Features: Corner Lot, Landscaped, Level, Sloped Up, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Acres: 0.31
  • Road Frontage Type: Other
  • Has View?: Yes
  • Security Features: Smoke Detector(s)
  • Association Amenities: Maintenance Grounds
  • Association Fees: 240.0
  • Association Fee Frequency: Annually
  • Has H O A?: Yes
  • Co List Office Mls Id: 2096-o
  • Co List Office Phone: 775-446-7200
  • Special Conditions: Short Sale
  • Directions: University Ridge, Socrates
  • Has Cooling?: Yes
  • Has Fireplace?: Yes
  • Living Area: 2986.0
  • Property Attached Yn: No
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Peavine
  • Tax Legal Middle Or Junior School2: Clayton
  • Tax Legal High School: Hug
  • Tax Legal Tax Annual Amount: 2525.0
  • Tax Legal Zoning4: PUD
  • Association Community Association Y N3: Yes
  • Association Community Association Fee3: 240.0
  • Building Stories5: 2
  • Building Property Attached Y N: No
  • Building Home Warranty Y N: Yes
  • Lot Lot Size Acres2: 0.31
  • Lot Lot Size Square Feet2: 13503.6
  • Lot Horse Y N2: No
  • Association Details Transfer Fee: 350.0
  • 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
  • Outdoor Living Spaces Patio2: Yes
  • Security Features Smoke Detector(s): Yes
  • Association Amenities Maintenance Grounds: Yes
  • Lot Features Sloped Up: Yes
  • Water Heater Gas5: Yes
  • Construction Materials Stucco: Yes
  • Sprinklers Automatic: Yes
  • Other Rooms Bonus Room2: Yes
  • Lot Features Corner Lot: Yes
  • View Desert: Yes
  • View Peek: Yes
  • Special Listing Conditions Short Sale: Yes
  • Association Community Association Fee Frequency3: Annually
  • Association Details Management Company Name5: Equus
  • Special Features: 4108
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal
  • Flooring: Carpet, Travertine, Wood
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplaces: 2
  • Interior Amenities: Ceiling Fan(s), Kitchen Island, Pantry, Walk-In Closet(s)
  • Window Features: Blinds, Double Pane Windows, Vinyl Frames
  • Interior Living Area4: 2986.0
  • Interior Fireplace Y N: Yes
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Living Room Features Separate Formal Room: Yes
  • Family Room Features Separate Formal Room3: Yes
  • Window Features Blinds: Yes
  • Dining Room Features Living Room Combination: Yes
  • Primary Bedroom Features Double Sinks: Yes
  • Interior Fireplaces Total2: 2.0
  • Primary Bedroom Features Shower Stall: Yes
  • Flooring Wood: Yes
  • Laundry Features Cabinets2: Yes
  • Laundry Features Laundry Area: Yes
  • Laundry Features Laundry Room: Yes
  • Kitchen Features Built- In Dishwasher: Yes
  • Kitchen Features Disposal2: Yes
  • Primary Bedroom Features High Ceilings6: Yes
  • Fireplace Features Family Room: Yes
  • Interior Features Kitchen Island: Yes
  • Interior Features Walk- In Closet(s): Yes
  • Kitchen Features Breakfast Nook: Yes
  • Kitchen Features Kitchen Island2: Yes
  • Primary Bedroom Features Bathtub: Yes
  • Primary Bedroom Features Ceiling Fan(s)7: Yes
  • Primary Bedroom Features Walk- In Closet(s)2: Yes
  • Interior Features Ceiling Fan(s)2: Yes
  • Family Room Features Ceiling Fan(s)5: Yes
  • Fireplace Features Primary Bedroom: Yes
  • Flooring Travertine: Yes

Exterior Features

  • Exterior Features: Dog Run
  • Roof: Pitched, Tile
  • Stories: 2
  • View: City, Desert, Peek
  • Construction Type: Stucco
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Patio
  • Roof Pitched: Yes
  • Roof Tile3: Yes
  • Exterior Features Dog Run: Yes

Garage/Parking

  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Garage Spaces: 3.0
  • Has Attached Garage?: Yes
  • Parking Features: Attached, Garage Door Opener
  • Total Parking Spaces: 3.0
  • Parking Information Garage Y N: Yes
  • Parking Information Garage Spaces: 3.0
  • Parking Information Carport Y N: No
  • Parking Information Parking Total: 3.0
  • Parking Features Attached: Yes
  • Parking Features Garage Door Opener: Yes

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: Cabinets, Laundry Area, Laundry Room
  • 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 Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes

Schools

  • Middle Or Junior School: Clayton

Lot Info

  • Parcel Number: 00359101
  • Fencing: Back Yard
  • Lot Size Sq Ft: 13503.6
  • Zoning: PUD

Tax Info

  • Tax Annual Amount: 2525.0

MLS Schools

  • Elementary School: Peavine
  • HighSchool: Hug

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2016
Sold by
Demolski Theodore J
Bought by
Lynn Demolski Theodore J and Lynn Mac Annie
Current Estimated Value
$799,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,300
Outstanding Balance
$142,139
Interest Rate
3.47%
Mortgage Type
New Conventional
Estimated Equity
$657,202

Purchase Details

Listed on
Oct 23, 2013
Closed on
Sep 9, 2014
Sold by
Simonian Gloria
Bought by
Demolski Theodore J
Seller's Agent
Robert Domiteaux
RE/MAX Professionals-Sparks
Buyer's Agent
Kyle Krch
Epique Realty
List Price
$290,000
Sold Price
$259,000
Premium/Discount to List
-$31,000
-10.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.70%
Original Mortgage
$185,300
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2005
Sold by
Simonian Bruce E
Bought by
Simonian Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
5.65%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 5, 2005
Sold by
Warfield David L and Warfield Genevieve A
Bought by
Simonian Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
5.65%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 13, 2004
Sold by
Sferrazza Peter J and Sferrazza Julie Ann
Bought by
Warfield David L and Warfield Genevieve A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,600
Interest Rate
3.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 17, 1996
Sold by
Highlands Communities Llc
Bought by
Sferrazza Peter J and Sferrazza Julie Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
8.3%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 5, 1996
Sold by
Highland Communities Llc
Bought by
Chittenden Brian K and Chittenden Amy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
8.3%
Mortgage Type
Balloon
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
Lynn Demolski Theodore J $420,000 Western Title Co
Demolski Theodore J $259,000 Western Title Co
Simonian Gloria -- First Centennial Title Co
Simonian Gloria $570,000 First Centennial Title Co
Warfield David L $344,500 First Centennial Title Co
Sferrazza Peter J $248,500 Western Title Company Inc
Chittenden Brian K $186,000 Western Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lynn Demolski Theodore J $176,300
Previous Owner Demolski Theodore J $185,300
Previous Owner Simonian Gloria $448,000
Previous Owner Warfield David L $275,600
Previous Owner Sferrazza Peter J $198,750
Previous Owner Chittenden Brian K $167,250
Closed Warfield David L $34,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2014 09/09/14 Sold $259,000 -10.7% $87 / Sq Ft
03/15/2014 03/15/14 Pending -- -- --
10/23/2013 10/23/13 For Sale $290,000 -- $97 / 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 $3,386 $139,454 $44,555 $94,899
2024 $3,386 $137,773 $42,000 $95,773
2023 $2,390 $132,608 $41,545 $91,063
2022 $3,193 $118,234 $42,035 $76,199
2021 $3,101 $101,204 $25,200 $76,004
2020 $3,007 $103,683 $27,300 $76,383
2019 $2,919 $100,381 $26,250 $74,131
2018 $2,835 $95,372 $22,750 $72,622
2017 $2,752 $91,237 $18,375 $72,862
2016 $2,683 $91,670 $17,150 $74,520
2015 $2,683 $90,306 $15,750 $74,556
2014 $2,601 $83,741 $12,215 $71,526
2013 -- $68,860 $9,030 $59,830
Source: Public Records

Agents Affiliated with this Home

  • Robert Domiteaux

    Seller's Agent in 2014

    Robert Domiteaux

    RE/MAX

    (775) 770-4900

    24 Total Sales

    Robert Domiteaux
    Section Image

  • K

    Buyer's Agent in 2014

    Kyle Krch

    Epique Realty

    (775) 473-6749

    2 Total Sales

    Kyle Krch
    Section Image
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Map

Source: Northern Nevada Regional MLS

MLS Number: 130013495

Northern Nevada Regional MLS

APN: 003-591-01

Nevada Washoe County Reno 89512 West University

981 University Place, Reno, NV

This home is located at 981 University Place, Reno, NV 89512 since 23 October 2013 and is currently estimated at $799,341, approximately $267 per square foot. This property was built in 1996. 981 University Place is a home located in Washoe County with nearby schools including Peavine Elementary School, Archie Clayton Pre-AP Academy, and Coral Academy Charter School Elementary.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Nevada Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The content relating to real estate for sale on this web site comes in part from the Broker Reciprocity/ IDX program of the Northern Nevada Regional Multiple Listing Service°. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo and detailed information about those listings includes the name of the listing brokerage. Any use of the content other than by a search performed by a consumer looking to purchase or rent real estate is prohibited. © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved.

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