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1575 Crane Way

1575 Crane Way, Sparks, NV 89431
1575 Crane Way in Sparks, NV was first built in 1966 and is 58 years old. Although, the building on the property was most recently renovated and altered in 1992. This has been categorized as a industrial property type. It is a single story home. 1575 Crane Way has 48,000 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 66,769 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The exterior walls of the home are made of tilt-up (pre-cast concrete). Walk into the home itself and you'll find that it is currently being cooled with a packaged air conditioning unit. As for heating, the home is utilizing a space/suspended heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1575 Crane Way was last sold in May 29, 2019 for $3,425,000. According to our calculations, that's $71.35 per sqft. Current property owners are expected to pay $26,892 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 1575 Crane Way was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $897,124. To break that down further, the land itself was valued at $184,032. While improvements to the property were assessed at a total of $713,091. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Masonry Exterior
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: D
  • Construction Type: Masonry
  • Exterior Walls Type: Tilt-up (pre-cast concrete)
  • Floor Count: 1
  • Living Units: 1
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 66,769
  • Lot Size Frontage Feet: 10
  • Total Building Area: 48,000
  • Gross Building Area: 48,000
  • Building Area: 48,000
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Space/suspended
  • Heated Square Feet: 48,000
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Industrial
  • Subdivision: TOWN OF SPARKS
  • Land Acres: 1.533
  • Standard Land Use Code: Industrial (general)
  • County Land Use Code: Personal property general
  • State Land Use Code: Personal property general
  • Legal Description 1: PM 5195 LOT B

Ownership

  • Current Owner : 1575 CRANE WAY LLC
  • Previous Owner : FUCHS INVESTMENTS LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 003111

Zoning

  • Zoning: I

Geography

  • Assessors Map Reference: 5195
  • Parcel: 032-250-42
  • Block: 14
  • Lot: B
  • Meridian: SEC 8 TWN 19N RNG 20E
  • Municipality: CITY OF SPARKS - SPARKS REDEVE
  • Latitude: 39.5318
  • Longitude: -119.764

    Address

  • Full Address: 1575 Crane Way
  • Address - House Number: 1575
  • Address - Street Name: Crane
  • Address - Suffix Type: Way
  • State: NV
  • City Name: Sparks
  • Carrier Code: C060
  • 4-Digit Zip Code: 5609
  • Zip Code: 89431

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $26,892
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 2002

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,211,000
  • First Open Lien Mortgage Lender: PLUMAS BANK
  • First Open Lien Mortgage Recording Date: May 13, 2022
  • First Open Lien Mortgage Loan Amount: $2,211,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $1,929,956
  • Market Land Value: $350,537
  • Market Improvement Value: $1,579,419

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $897,124
  • Assessed Land Value: $184,032
  • Assessed Improvements Value: $713,091

    Sales

  • Current Sale Contract Date: May 29, 2019
  • Current Sale Recording Date: Jul 01, 2019
  • Current Sale Transaction ID: 11619341677
  • Current Sale Price: $3,425,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 4925775

    Last Sale Mortgage

  • First Mortgage Lender: FUCHS INVESTMENTS LLC
  • First Mortgage Transaction Date: Jul 01, 2019
  • First Mortgage Loan Amount: $2,425,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Stanford Industrial Park



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Nearby Rentals

Unit for rent at 1710 F St, Sparks, NV, 89431

$1,650 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
1710 F St, Sparks, NV, 89431 Listing by Donal Minihan

Frequently Asked Questions

What neighborhood is 1575 Crane Way located in?
The 1575 Crane Way is a commercial located in the neighborhood of Stanford Industrial Park in Stanford Industrial Park, Sparks.
What is the average sales price for listings in 1575 Crane Way?
The average sales price for units in 1575 Crane Way is $0 currently.

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