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 within a specific price range. Rather than focusing on a defined area, I’m searching a wide variety of neighborhoods. In the end I’m hoping to help readers 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 $500,000 in and near Reno & Sparks last week.
Reno / Edgewater
List Price $529,900 / Sold Price $510,000
This home consists of 2,346 SF, 4 bedrooms, 3 baths and a 2 Car Garage. The home was built in 1987. Dated fixtures, very desirable location. It was on the market for 327 days. (distressed sale)
Reno / South Meadows
List Price $522,500 / Sold Price $508,000
This home consists of 2077 SF, 4 bedrooms, 2.5 baths and a 3 car garage. The home was built in 2013, Nice upgrades, shows like a new home. It was on the market for 73 days.
Sparks / Wingfield Springs
List Price $512,000 / Sold Price $507,000
This home consists of 2752 SF, 4 bedrooms, 2.5 baths and a 3 car garage. This home was built in 2013. Good condition, big yard. This home was on the market for 273 days (listing remarks specify SELLER MOTIVATED).
Reno / Verdi
List Price $509,995 / Sold Price $506.995
331 Loch Lomond
This home consists of 2851 SF, 4 bedrooms, 4 baths and a 3 car garage. New construction, standing inventory. Great-room design with upgraded fixtures. It was on the market for 74 days.
List Price $489,000 / Sold Price $485,000
This home consists of 2,111 SF, 3 bedrooms, 2 baths and a 3 car garage. This home was built in 1995, 1+ acre horse property, great condition. It was on the market for just 36 days.
This is a popular price point for many of the buyers relocating to our area, "empty nesters" in particular. Hence, the big increase in sold price per square foot for single level homes. 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 $600,000. To search previous posts and price points visit 5 Homes That Sold For $400,000. Until next week, Cheers!
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