We’re bombarded with real estate facts and statistics in the media, but have you wondered just how far your dollar goes when purchasing a home in Reno & Sparks? With this thought in mind I plan to provide a weekly report of 5 homes that closed escrow the previous week in a specific price range. Rather than focusing on a defined area, I’m casting a net around a wide variety of neighborhoods. In the end I’m hoping to help consumers develop a reasonable opinion of value as it relates to home size, age and location. Today, let’s look at homes that closed escrow around $400,000 in and near Reno & Sparks last week.
Sparks / Foothills
List Price $390,000 / Sold Price $390,000
905 Country Ridge
This home consists of 1,951 SF, 4 bedrooms, 2 baths and a 3 Car Garage. The home was built in 1994, it’s nicely landscaped with new interior fixtures. It was on the market for 98 days.
Reno / Somersett
List Price $395,000 / Sold Price $392,900
This home consists of 2034 SF, 4 bedrooms, 3 baths and a 2 car garage. The home was built in 2005, it’s been recently remodeled and located in a gated community. It was on the market for 69 days.
Reno / South Meadows
List Price $409,950 / Sold Price $409,950
This home consists of 2090 SF, 3 bedrooms, 2.5 baths and a 2 car garage. New Construction, standing inventory. Featuring granite counters & maple cabinets. It was on the market for 66 days.
Reno / Golden Valley
List Price $395,755 / Sold Price $390,755
8085 Flint Springs
This home consists of 2601 SF, 4 bedrooms, 2.5 baths and a 3 car garage. New construction, standing inventory. It offers a modern design with nice fixtures. It was on the market for 54 days.
Sparks / Wingfield Hills
List Price $399,900 / Sold Price $392,500
This home consists of 2714 SF, 5 bedrooms, 3 baths and a 3 car garage. The home was built in 2005, former rental home needs cosmetic fix-up. It was on the market for 170 days.
I think this week's list represent the very low-end of our “move-up” market although it’s also attractive to some relocating, first-time buyers. If you’re crunching numbers, please keep in mind that the market times I’ve posted typically include days that the homes were in escrow (typically between 30 – 45 days). If you found this post interesting, tune in next week when I’ll be highlighting 5 homes that sold for $500,000. To search last week’s post visit 5 Homes That Sold For $300,000. Until next week, Cheers!
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