We’re bombarded with real estate facts and statistics in the media, but have you wondered just how far your dollar really 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 casting a net around a wide variety of neighborhoods. In the end I’m hoping to help consumers 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 $300,000 in and near Reno & Sparks last week.
Reno / Cold Springs
List Price $295,000 / Sold Price $295,000
17650 Lake Powell
This home consists of 1632 SF, 3 bedrooms, 2 baths and a 2 Car Garage. The home was built in 2008, it’s fully landscaped and well maintained. It was on the market for 75 days.
Reno / Old Northwest
List Price $315,000 / Sold Price $298,000
This home consists of 1,344 SF, 3 bedrooms, 2 baths and a 1 car garage. The home was built in 1963, it’s close to the university and offers original hardwood flooring. It was on the market for 32 days.
Reno / Stead
List Price $299,900 / Sold Price $300,000
8620 Winding Creek
This home consists of 1,722 SF, 3 bedrooms, 2.5 baths and a 2 car garage. The home was built in 2003, it’s freshly painted and sited on a cul-de-sac. It was on the market for 39 days.
Reno / Northwest Suburban
List Price $312,000 / Sold Price $305,000
5935 Shadow Park
Sparks / Wingfield Springs
List Price $315,00 / Sale Price $305,000
6140 Black Gypsum
This home consists of 1,457 SF, 3 bedrooms, 2.5 baths and a 2 car garage. The home was built in 2002, offers lots of natural light and a central vacuum system. It was on the market for 56 days.
The saying goes, “Drive ’til you can afford it” and buyers can still find newer, 1,500+ SF homes in the 300K range if they’re willing to commute. 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 $400,000. Finally, I would like to credit C.J. Hughes of the New York Times for this title and format. Until next week, Cheers!