$275,000
Active Under Contract
979 Damon Lane
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2
Beds
·
1.5
Baths
·
1,111
Sq Ft
About This Property
This 2-bedroom, 1.5-bathroom condominium in Sparks features newer luxury vinyl flooring on the first floor, along with a carpeted second floor, including the stairs. The cozy kitchen offers a breakfast bar with a view out to the living area, lending itself to a more open concept feel. The bedrooms are both located upstairs, and the primary has a high ceiling and a large closet. The full bathroom offers extra privacy with the toilet and shower separate from the sink area, as well as some storage space for your extra linens. Conveniently located near eateries, schools, and Victorian Square. OPEN HOUSE THIS SATURDAY 3/7 11-1PM
Listed by Alex Mendoza — AMRE
Listing Details
Status
Active Under Contract
MLS #
260000688
Days on Market
108
Price/Sq Ft
$248
Property History
Jan 20, 2026
Listed for sale
$275,000
Current
Pending
$275,000
Property Overview
Beds
2
Baths
1.5
Sq. Ft.
1,111
Stories
2
Year Built
1979
Property Type
Condominium
Subdivision
Silver State Condominiums
APN
031-060-46
Parking
Garage Spaces
1
Total Parking
1
Parking Features
Attached, Garage
Attached Garage
Yes
Exterior & Lot
Exterior Features
None
Lot Features
Level
Roof
Composition, Pitched, Shingle
Foundation
Crawl Space
Utilities & Systems
Heating
Natural Gas
Financial
Annual Tax
$1,440
HOA Fee
$342 / Monthly
HOA / Community
Silver State Condominiums
Schools
Elementary School
Mitchell
Middle School
Sparks
High School
Sparks
HOA & Community
Community Amenities
Landscaping, Parking
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% ($55,000)
Home price
$275,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: (530) 317-0373
