$699,000 Active Under Contract
7505 Fallen Grove Lane #Sage Meadow 73
Sparks, NV 89436
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.5 Baths
·
2,008 Sq Ft

About This Property

Luxury living is matched by ample storage in the beautiful Kerry home design. The inviting foyer opens to the spacious great room, kitchen, and casual dining area. With a large center island with breakfast bar, the well-designed kitchen offers views to the covered patio beyond the great room. The primary bedroom suite leaves an impression with a sizable walk-in closet and lovely primary bath with dual-sink vanity, large luxe shower with drying area, and private water closet. The secondary bedrooms feature roomy closets and a shared hall bath. Additional highlights include a convenient powder room and everyday entry with drop zone, walk-in pantry off the kitchen, centrally located laundry, and additional storage throughout.

Listed by Michael Wood — RE/MAX Professionals-Reno

Listing Details

Status Active Under Contract
MLS # 250058390
Days on Market 169
Price/Sq Ft $348

Property History

Nov 20, 2025
Listed for sale
$699,000
Current
Pending
$699,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,008
Lot Size 0.15 acres
Stories 1
Year Built 2024
Property Type Single Family Residence
Subdivision Stonebrook Village F2
APN 528-722-20
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sprinklers In Front
Construction Stucco
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air, Refrigerated
Financial
Annual Tax $1,238
HOA Fee $156 / Monthly
HOA / Community Stonebrook Community Association
Schools
Elementary School Spanish Springs
Middle School Shaw Middle School
High School Spanish Springs
HOA & Community
Community Amenities Fitness Center, Maintenance Grounds, Pool
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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% ($139,800)
Home price
$699,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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