$589,000 Active Under Contract
5565 Grasswood Drive
Sparks, NV 89436
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,598 Sq Ft

About This Property

Charming 3-Bedroom, 2-Bath Ranch Home This single-story ranch offers 3 bedrooms and 2 bathrooms with a practical, open-concept living and dining area that feels bright and welcoming. The home includes thoughtful storage throughout, including extra cabinet storage in the living room and a convenient coffee bar with additional storage. The primary suite features two walk-in closets, one with custom shelving and organization. A second bedroom also offers another walk-in closet. There's a dedicated laundry room/pantry with ample storage as well. Recent updates include a new HVAC system, garage doors, and windows installed in 2025. The 3-car garage provides ample parking and storage, with additional RV parking available. Outside, enjoy a beautifully manicured backyard with a front and back sprinkler system for easy maintenance. This is a comfortable, beautiful ranch home with modern updates and excellent storage—ready for its next owner. Schedule a showing to see it for yourself.

Listed by Linsey Carlstedt — Epique Realty

Listing Details

Status Active Under Contract
MLS # 260005682
Days on Market 4
Price/Sq Ft $369

Property History

May 07, 2026
Listed for sale
$589,000
Current
Pending
$589,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,598
Lot Size 0.40 acres
Stories 1
Year Built 1993
Property Type Single Family Residence
Subdivision Springwood 1
APN 089-372-07
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters, None
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
Roof Composition, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $2,740
Schools
Elementary School Hall
Middle School Shaw Middle School
High School Spanish Springs
📊

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% ($117,800)
Home price
$589,000
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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