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2987 Silver River Lane

2987 Silver River Lane, Sparks, NV 89431
1 Units For Sale
Unit for sale at 2987 Silver River Ln, Sparks, NV 89512

$398,500

  • 2 Beds
  • 2 Baths
  • 1,472 ft²
2987 Silver River Ln, Sparks, NV 89512 Listing by Eric Rosenberg

Local assessors in Sparks, NV have categorized 2987 Silver River Lane as a residential type of property. The home was built in 2018 and is 6 years old. The property's lot size has been calculated to be 873 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2987 Silver River Lane has a total of 1,472 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 592 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of composition shingle. Lots of a combination of material were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. 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, 2987 Silver River Lane was last sold in Oct 9, 2020 for $300,000. According to our calculations, that's $145.35 per sqft. Prior to that sales transaction, the property was sold for $307,520 in Aug 3, 2018. Current property owners are expected to pay $2,313 in taxes per year. The property on 2987 Silver River Lane was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $99,785. To break that down further, the land itself was valued at $24,185. While improvements to the property were assessed at a total of $75,600. 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 you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.

Building Features

Exterior

Stucco Exterior

Parking

Attached Garage
Tandem Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200827
08/27/2020
2 Bed
3 Bath
1472 ft²
$309,000
bedrooms
2 Bed
bathrooms
3 Bath
square feet
1472 ft²
$300,000 -2.91%
10/13/2020
J.D. Drakulich

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Combination
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 592
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 873
  • Total Building Area: 2,064
  • Gross Building Area: 2,076
  • Building Area: 1,472
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,472
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WILDCREEK TOWNHOMES
  • Land Acres: 0.02
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: WILDCREEK TOWNHOMES UNIT 118 BLDG 16

Ownership

  • Current Owner : LY TONY
  • Previous Owner : SCHNEIDER ROBERT F
  • Previous Owner 2: SCHNEIDER ELIZABETH
  • Owner Before Previous Owner: D R HOROTN INC CORPORATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 002801

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: 026-78
  • Parcel: 026-781-42
  • Lot: 118
  • Meridian: SEC 31 TWN 20N RNG 20E
  • Municipality: CITY OF SPARKS
  • Latitude: 39.5579
  • Longitude: -119.778

    Address

  • Full Address: 2987 Silver River Ln
  • Address - House Number: 2987
  • Address - Street Name: Silver River
  • Address - Suffix Type: Ln
  • State: NV
  • City Name: Sparks
  • Carrier Code: C056
  • 4-Digit Zip Code: 4842
  • Zip Code: 89431

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,313
  • Tax Rate Code Area: 2000

    Appraisal Valuation

  • Standard Deviation: 0.0659
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 96
  • Final Value: 395,863
  • High Value: 421,967
  • Low Value: 369,760

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $323,158
  • First Open Lien Mortgage Lender: GUILD MORTGAGE COMPANY LLC
  • First Open Lien Mortgage Recording Date: Jun 27, 2022
  • First Open Lien Mortgage Loan Amount: $323,158
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2052

    Market Valuation

  • Market Total Value: $213,901
  • Market Land Value: $52,400
  • Market Improvement Value: $161,501

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $99,785
  • Assessed Land Value: $24,185
  • Assessed Improvements Value: $75,600

    Sales

  • Current Sale Contract Date: Oct 09, 2020
  • Current Sale Recording Date: Oct 13, 2020
  • Current Sale Transaction ID: 11791733784
  • Current Sale Price: $300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5090023
  • Previous Sale Recording Date: Aug 03, 2018
  • Previous Sale Contract Date: Aug 03, 2018
  • Previous Sale Amount: $307,520
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUILD MORTGAGE CO
  • First Mortgage Transaction Date: Oct 13, 2020
  • First Mortgage Loan Amount: $294,566
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • Previous Mortgage Transaction Date: Aug 03, 2018
  • Previous Mortgage Loan Amount: $261,392
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2048

About Wildcreek



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Frequently Asked Questions

What neighborhood is 2987 Silver River Lane located in?
The 2987 Silver River Lane is a townhouse located in the neighborhood of Wildcreek Townhomes in Wildcreek, Sparks.
How many listings are currently for sale in 2987 Silver River Lane?
This is a single-family home. The property is currently on the market for sale.
What is the average sales price for listings in 2987 Silver River Lane?
The average sales price for units in 2987 Silver River Lane is $309,000 , or $210/sqft. currently.

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