$674,900
Active
1242 Alfalfa Drive
Sparks, NV 89436
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4
Beds
·
3.5
Baths
·
3,180
Sq Ft
About This Property
Rare Opportunity!! Check Out This Huge Next Gen Home! (2 homes) The Main Home Features: Bright & Airy Open-Concept Home with Tile Roof, Stucco & Brick Exterior, Stainless Steel Appliances, Gas Stove, Open Kitchen, Large Pantry, Huge Island, Soft-Close Cabinets, Breakfast Bar, Formal Dining, & Open Living Space, plus a Covered Patio, on a corner lot. Guest Home: Is a private first-floor suite with its own entrance, kitchenette, bedroom, and living space. It offers a private covered patio. It is perfect for aging parents, returning college students, or long-term guests. Come see this wonderful Next Gen Home!
Listed by Lee Trefethen — Coldwell Banker Select Reno
Listing Details
Status
Active
MLS #
260006385
Price/Sq Ft
$212
Property History
May 20, 2026
Listed for sale
$674,900
Property Overview
Beds
4
Baths
3.5
Sq. Ft.
3,180
Lot Size
0.15 acres
Stories
2
Year Built
2022
Property Type
Single Family Residence
Subdivision
Kiley Ranch North Village 37C
APN
510-775-01
Parking
Garage Spaces
3
Total Parking
5
Parking Features
Attached, Garage, Garage Door Opener, Tandem
Attached Garage
Yes
Exterior & Lot
Exterior Features
Multiple Entry Flat or Ramped
Lot Features
Artificial Turf, Corner Lot, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View
Mountain(s)
Construction
Brick, Stucco
Roof
Pitched, Tile
Foundation
Slab
Utilities & Systems
Heating
Forced Air, Natural Gas
Cooling
Central Air
Financial
Annual Tax
$5,540
HOA Fee
$101 / Quarterly
HOA / Community
Kiley Ranch North LMA
Schools
Elementary School
John Bohach
Middle School
Sky Ranch
High School
Spanish Springs
HOA & Community
Community Amenities
None
STR Investment Analysis
Permitted Zone
STRUCTURAL SCORE
Excellent
87
PROJECTED ANNUAL REVENUE
$142,500
($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%
Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.
Payment calculator
$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($134,980)
Home price
$674,900
Loan details
30-yr fixed, 6.5%
