Sparks home sale tops $1 million
July 3, 2017
SPARKS — Sparks recently sold its first residential real estate transaction over the million-dollar mark in Sparks in nearly a decade. The last home that sold for more than $1 million was in November 2007.
Built in 2008, the Spanish Springs property sold for $1,030,000 and closed June 2. The listing price was $1,275,000.
"There were no comps as this home was built just before the housing market crash," said Joanna Bowman of Chase International who represented the buyer. "It's a beautiful custom built home. In the end, it took a lot of team work but we are super pleased to say that we successfully closed the deal."
Part of what made the 5,350-square-foot home a rarity in the area was that it sits on over 10 acres. The new owners are relocating to Sparks from California and work for a supporting business of Tesla.
"The Tesla move has impacted our community in tangible ways," Bowman said. "We've sold several homes in the Sparks and Spanish Springs area. Many buyers are retirees, but this sale was a Tesla draw."
Chase International opened its Sparks office just over a year ago. According to Elizabeth Quinn, head broker for the Sparks office, they closed more than 211 units and had more than $57 million in sales volume in just 12 months. They are currently ranked number four in Northern Nevada Regional MLS for Sparks real estate firms.
"What's happening in Sparks is invigorating," said Sue Lowe, corporate vice president for Chase International. "It's a boon for the region and the state, and I think it's just beginning."