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7422 Lorna Lane

7422 Lorna Lane, Sparks, NV 89436
Sold Nov 13, 2019
$409,000
$401,591 by Guild Mortgage Co
Mortgage Due Dec 01, 2049
Sold Dec 30, 1999
$217,000
$170,000 by Norwest Mtg
Mortgage Due Jan 01, 2030
Local assessors in Sparks, NV have categorized 7422 Lorna Lane as a residential type of property. The home was built in 1999 and is 25 years old. The property's lot size has been calculated to be 5,663 square feet. 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, 4 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 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 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 7422 Lorna Lane has a total of 2,636 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 408 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 gable style roof that was made of concrete. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Nov 8, 2019 for $409,000. That's $134.36 per sqft. Prior to that sales transaction, the property was also sold in Dec 14, 1999 for $217,000. 7422 Lorna Lane was last assessed in 2024. The total value of the property was assessed at $120,969. Specifically, the land the property is located on was valued at $29,715. While improvements on the property were assessed at a total of $91,254. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,710. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Stucco Exterior
Wood Siding

Parking

Attached Garage
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: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 14
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Shape Type: Gable
  • Roof Cover Type: Concrete
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 408
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 3,044
  • Gross Building Area: 3,199
  • Building Area: 2,636
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,636
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WINGFIELD SPRINGS 13B PH 1
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WINGFIELDS SPRINGS 13B PH 1 LT 1333

Ownership

  • Current Owner : DUARTE RUSSELL W
  • Current Owner 2: DUARTE MICHELLE A
  • Previous Owner : KRESS KENNETH
  • Previous Owner 2: KRESS CYNTHIA
  • Owner Before Previous Owner: BRIGHT DEVELOPMENT
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 003511

Zoning

  • Zoning: NUD

Geography

  • Assessors Map Reference: 522-75
  • Parcel: 522-755-03
  • Lot: 1333
  • Municipality: CITY OF SPARKS
  • Latitude: 39.6235
  • Longitude: -119.693

    Address

  • Full Address: 7422 Lorna Ln
  • Address - House Number: 7422
  • Address - Street Name: Lorna
  • Address - Suffix Type: Ln
  • State: NV
  • City Name: Sparks
  • Carrier Code: C083
  • 4-Digit Zip Code: 6460
  • Zip Code: 89436

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,710
  • Tax Rate Code Area: 2000

    Appraisal Valuation

  • Standard Deviation: 0.1539
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 594,983
  • High Value: 686,554
  • Low Value: 503,412

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $476,591
  • First Open Lien Mortgage Lender: GUILD MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Nov 13, 2019
  • First Open Lien Mortgage Loan Amount: $401,591
  • 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: Dec 01, 2049
  • Second Open Lien Mortgage Lender: SPRING EQ, LLC
  • Second Open Lien Mortgage Recording Date: Jan 17, 2024
  • Second Open Lien Mortgage Loan Amount: $75,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2054

    Market Valuation

  • Market Total Value: $274,057
  • Market Land Value: $68,900
  • Market Improvement Value: $205,157

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $120,969
  • Assessed Land Value: $29,715
  • Assessed Improvements Value: $91,254

    Sales

  • Current Sale Contract Date: Nov 08, 2019
  • Current Sale Recording Date: Nov 13, 2019
  • Current Sale Transaction ID: 11679501803
  • Current Sale Price: $409,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 4972439
  • Previous Sale Recording Date: Dec 30, 1999
  • Previous Sale Contract Date: Dec 14, 1999
  • Previous Sale Amount: $217,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUILD MORTGAGE CO
  • First Mortgage Transaction Date: Nov 13, 2019
  • First Mortgage Loan Amount: $401,591
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: NORWEST MTG
  • Previous Mortgage Transaction Date: Dec 30, 1999
  • Previous Mortgage Loan Amount: $170,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jan 01, 2030

About Wingfield Springs



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5730 Vista Palomar Way #103, Sparks, NV, 89436 Listing by Sara Sharkey

Frequently Asked Questions

What neighborhood is 7422 Lorna Lane located in?
The 7422 Lorna Lane is a house located in the neighborhood of Wingfield Springs in Wingfield Springs, Sparks.
What is the average sales price for listings in 7422 Lorna Lane?
The average sales price for units in 7422 Lorna Lane is $0 currently.

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