981 University Place Reno, NV 89512
West University NeighborhoodEstimated Value: $714,000 - $871,000
4
Beds
3
Baths
2,986
Sq Ft
$255/Sq Ft
Est. Value
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 201424 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
RE/MAX Professionals-Sparks License #BS.17610 Listed on: 10/23/2013
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
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
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
$144,011
Interest Rate
3.47%
Mortgage Type
New Conventional
Estimated Equity
$618,404
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
10.51%
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
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
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 | $171,650 | |
| 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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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
-
Kyle Krch
K
Buyer's Agent in 2014
Kyle Krch
Epique Realty
(775) 473-6749
2 Total Sales
Map
Source: Northern Nevada Regional MLS
MLS Number: 130013495
APN: 003-591-01
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