$315,000
Active Under Contract
425 Spruce Drive
Fernley, NV 89408
STR Status Unknown
3
Beds
·
2.0
Baths
·
1,184
Sq Ft
About This Property
Don't miss this affordable opportunity to buy a house and create valuable equity with a little TLC. 3 bedrooms, 2 bathrooms, living room, family room/kitchen combo, large back yard and a spacious garage.
Listed by Teri Bartl — Ferrari-Lund Real Estate South
Listing Details
Status
Active Under Contract
MLS #
260004477
Days on Market
35
Price/Sq Ft
$266
Property History
Apr 15, 2026
Listed for sale
$315,000
Current
Pending
$315,000
Property Overview
Beds
3
Baths
2.0
Sq. Ft.
1,184
Lot Size
0.18 acres
Stories
1
Year Built
1978
Property Type
Single Family Residence
Subdivision
Concord Woods Ph 1
APN
020-091-06
Parking
Garage Spaces
2
Total Parking
2
Parking Features
Attached, Garage
Attached Garage
Yes
Exterior & Lot
Exterior Features
None
Lot Features
Level, Sprinklers In Front
Roof
Composition, Pitched
Foundation
Crawl Space
Utilities & Systems
Heating
Natural Gas
Financial
Annual Tax
$857
Schools
Elementary School
Fernley
Middle School
Fernley
High School
Fernley
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% ($63,000)
Home price
$315,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: (530) 317-0373
