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5140 Lorenzo Lane

5140 Lorenzo Lane, Sparks, NV 89436
Sold Sep 24, 2018
$345,000
$287,558 by First Guaranty Mortgage Corp
Mortgage Due Feb 01, 2049
Sold Mar 23, 2018
$332,500
$266,000 by Summit Funding Inc
Mortgage Due Apr 01, 2048
5140 Lorenzo Lane in Sparks, NV was first built in 1999 and is 25 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5140 Lorenzo Lane has 1,446 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 6,621 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The roof of the home is made of composition shingle. 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. For those who need parking, there is a attached garage. The garage is 600 sqft. There are a total of 2 available parking spaces. 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 frame 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 wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5140 Lorenzo Lane sold most recently in Sep 21, 2018 for a total of $345,000. If you work out the math, that's approximately a cost of $168.62 per sqft. Before that, the property was also sold for $332,500 in Feb 26, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,436 in taxes each year. 5140 Lorenzo Lane was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $90,004. If we break it down further, the land itself was valued at $32,305. Improvements to the property, however, were assessed at a total of $57,699. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Quality: D
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 600
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,621
  • Total Building Area: 2,046
  • Gross Building Area: 2,046
  • Building Area: 1,446
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,446
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TRIPLE CROWN 7A
  • Land Acres: 0.152
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRIPLE CROWN 7A LT 730

Ownership

  • Current Owner : CRUZ LAWRENCE Y
  • Current Owner 2: CRUZ MARIA LUCILA P
  • Previous Owner : CRUTCHER MELISSA
  • Owner Before Previous Owner: UEDA JEROME N
  • Owner Before Previous Owner 2: UEDA NANCY A
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 003508

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: 516-13
  • Parcel: 516-131-01
  • Lot: 730
  • Meridian: SEC 22 TWN 20N RNG 20E
  • Municipality: CITY OF SPARKS
  • Latitude: 39.5867
  • Longitude: -119.722

    Address

  • Full Address: 5140 Lorenzo Ln
  • Address - House Number: 5140
  • Address - Street Name: Lorenzo
  • Address - Suffix Type: Ln
  • State: NV
  • City Name: Sparks
  • Carrier Code: C093
  • 4-Digit Zip Code: 0817
  • Zip Code: 89436

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,436
  • Tax Rate Code Area: 2000

    Appraisal Valuation

  • Standard Deviation: 0.1501
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 461,268
  • High Value: 530,543
  • Low Value: 391,992

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $287,558
  • First Open Lien Mortgage Lender: FIRST GUARANTY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Feb 03, 2020
  • First Open Lien Mortgage Loan Amount: $287,558
  • First Open Lien Mortgage Term: 347
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2049

    Market Valuation

  • Market Total Value: $197,146
  • Market Land Value: $67,500
  • Market Improvement Value: $129,646

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $90,004
  • Assessed Land Value: $32,305
  • Assessed Improvements Value: $57,699

    Sales

  • Current Sale Contract Date: Sep 21, 2018
  • Current Sale Recording Date: Sep 24, 2018
  • Current Sale Transaction ID: 11507852219
  • Current Sale Price: $345,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 4853079
  • Previous Sale Recording Date: Mar 23, 2018
  • Previous Sale Contract Date: Feb 26, 2018
  • Previous Sale Amount: $332,500
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: MASON MCDUFFIE MORTGAGE CORP
  • First Mortgage Transaction Date: Sep 24, 2018
  • First Mortgage Loan Amount: $289,987
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: SUMMIT FUNDING INC
  • Previous Mortgage Transaction Date: Mar 23, 2018
  • Previous Mortgage Loan Amount: $266,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2048

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Frequently Asked Questions

What neighborhood is 5140 Lorenzo Lane located in?
The 5140 Lorenzo Lane is a house located in the neighborhood of Triple Crown in Kiley Ranch South, Sparks.
What is the average sales price for listings in 5140 Lorenzo Lane?
The average sales price for units in 5140 Lorenzo Lane is $0 currently.

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