$485,000 Active Under Contract
1505 Shadow Lane
Sparks, NV 89434
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,397 Sq Ft
Virtual Tour

About This Property

Welcome to this 1,397 sq. ft. home located in a highly desirable, established Sparks neighborhood. Priced to sell, this 3-bedroom, 2-bath residence offers a fantastic floor plan and a prime location near Reed High School, Shadow Mountain Sports Complex, and local hiking trails. The heart of the home features an updated kitchen, while the living room offers high ceilings and a cozy wood-burning fireplace. Step outside to a private, peaceful backyard featuring a large covered deck—perfect for morning coffee or weekend gatherings. With a 2-car garage and easy access to freeway, shopping, and dining, this home combines convenience with incredible potential. Whether you're a first-time buyer or looking for a savvy investment, don't miss this chance to own in one of Sparks' most mature and convenient communities.

Listed by Jason Kirby — Keller Williams Group One Inc.

Listing Details

Status Active Under Contract
MLS # 260004454
Days on Market 23
Price/Sq Ft $347

Property History

Apr 14, 2026
Listed for sale
$485,000
Current
Pending
$485,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,397
Lot Size 0.16 acres
Stories 1
Year Built 1983
Property Type Single Family Residence
Subdivision Willow Creek East 1
APN 030-292-12
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Landscaped, Level
View Mountain(s)
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $1,776
Schools
Elementary School Whitehead
Middle School Mendive
High School Reed
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

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% ($97,000)
Home price
$485,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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