NOT LISTED FOR SALE

1003 University Terrace Reno, NV 89503

West University Neighborhood

Estimated Value: $425,000 - $473,000

2 Beds
1 Bath
980 Sq Ft
$461/Sq Ft Est. Value

Last Sold July 28, 2021

Last sale price $430,000 $439 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,532/month

6 Days on Market

Highlights

  • View of Trees or Woods
  • Wood Flooring
  • 1 Car Attached Garage
  • Reno High School Rated A
  • No HOA
  • Storm Windows

About This Home

As of July 2021

This charming stucco home is walking distance to UNR and is located on a large corner lot with mature trees and landscaping. Priced at appraised vale it has hardwood floors and a wood-burning fireplace. 2 bedrooms, 1 bath, a sweet separate dining room, there is an enclosed porch and a one-car garage. Occupied by a long-term tenant (13 years) who would like to stay and who is now on a month-to-month lease. Property is sold "as is." NO SHOWINGS ON MONDAY 28TH.

Last Agent to Sell the Property

Elizabeth Redshaw

Ferrari-Lund Real Estate Reno License #S.33090 Listed on: 06/23/2021

Ferrari-Lund Real Estate Reno

Last Buyer's Agent

Nancy Hauth

Coldwell Banker Select Mt Rose License #S.172996

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $721

Year Built

  • Built in 1942

Lot Details

  • 6,534 Sq Ft Lot
  • Property is Fully Fenced
  • Landscaped
  • Level Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Property is zoned SF6

Parking

  • 1 Car Attached Garage

Home Design

  • Pitched Roof
  • Stick Built Home
  • Stucco

Interior Spaces

  • 980 Sq Ft Home
  • 1-Story Property
  • Drapes & Rods
  • Living Room with Fireplace
  • Views of Woods
  • Crawl Space

Kitchen

  • Built-In Oven
  • Electric Oven
  • Electric Range
  • Microwave

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Cabinets

Home Security

  • Storm Windows
  • Fire and Smoke Detector

Outdoor Features

  • Fuel Available

Schools

  • Peavine Elementary School
  • Clayton Middle School
  • Reno High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 00608312

Home Details

Home Type

Single Family

Est. Annual Taxes

$721

Year Built

Built in 1942

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1942
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: No
  • Lot Features: Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Acres: 0.15
  • Road Frontage Type: Other
  • Has View?: Yes
  • Security Features: Smoke Detector(s)
  • Association Amenities: None
  • Has H O A?: No
  • Co List Office Mls Id: 643-o
  • Co List Office Phone: 775-688-4000
  • Directions: Keystone to University Terrace
  • Has Fireplace?: Yes
  • Living Area: 980.0
  • Property Attached Yn: No
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Peavine
  • Tax Legal Middle Or Junior School2: Clayton
  • Tax Legal High School: Reno
  • Tax Legal Tax Annual Amount: 721.09
  • Tax Legal Zoning4: SF6
  • Association Community Association Y N3: No
  • Building Stories5: 1
  • Building Property Attached Y N: No
  • Building Home Warranty Y N: Yes
  • Lot Lot Size Acres2: 0.15
  • Lot Lot Size Square Feet2: 6534.0
  • Lot Horse Y N2: No
  • Lot View Y N2: Yes
  • Lot Features Landscaped: Yes
  • Foundation Details Crawl Space: Yes
  • Lot Features Level: Yes
  • Lot Features Sprinklers In Front: Yes
  • Lot Features Sprinklers In Rear: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Sprinklers Front: Yes
  • Sprinklers Rear: Yes
  • Typeof Construction Site Stick- Built: Yes
  • Water Heater Electric5: Yes
  • Water Rights Water Rights Y N: No
  • Appliances Dryer: Yes
  • Appliances Washer: Yes
  • Fencing Full2: Yes
  • Security Features Smoke Detector(s): Yes
  • Sprinklers Drip System In Front: Yes
  • Appliances Microwave: Yes
  • Construction Materials Stucco: Yes
  • Sprinklers Automatic: Yes
  • View Trees Woods: Yes
  • Appliances Electric Range: Yes
  • Appliances Electric Oven: Yes
  • Appliances Included As Personal Property Oven2: Yes
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Electric Oven, Electric Range, Microwave, Oven, Refrigerator, Washer
  • Flooring: Tile, Vinyl, Wood
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Window Features: Drapes, Single Pane Windows, Storm Window(s)
  • Interior Living Area4: 980.0
  • Interior Fireplace Y N: Yes
  • Fireplace Features Living Room: Yes
  • Living Room Features Separate Formal Room: Yes
  • Dining Room Features Separate Formal Room2: Yes
  • Window Features Drapes: Yes
  • Flooring Wood: Yes
  • Laundry Features Cabinets2: Yes
  • Laundry Features Laundry Area: Yes
  • Laundry Features Laundry Room: Yes
  • Kitchen Features Built- In Microwave: Yes
  • Flooring Tile: Yes
  • Flooring Vinyl: Yes
  • Window Features Storm Window(s): Yes
  • Kitchen Features Built- In Single Oven: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Pitched
  • Stories: 1
  • View: Trees/Woods
  • Construction Type: Stucco
  • Foundation Details: Crawl Space
  • Roof Pitched: Yes

Garage/Parking

  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Garage Spaces: 1.0
  • Has Attached Garage?: Yes
  • Parking Features: Attached
  • Total Parking Spaces: 1.0
  • Parking Information Garage Y N: Yes
  • Parking Information Garage Spaces: 1.0
  • Parking Information Carport Y N: No
  • Parking Information Parking Total: 1.0
  • Parking Features Attached: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Phone Available, Sewer Available, Water Available, Water Meter Installed
  • Water Source: Public
  • Laundry Features: Cabinets, Laundry Area, Laundry Room
  • Heating: Fireplace(s), Forced Air, Oil
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Heating Y N3: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Water Meter Installed: Yes
  • Utilities Internet Available: Yes
  • Heating Forced Air: Yes
  • Water Source Public: Yes
  • Heating Fireplace(s): Yes
  • Heating Oil: Yes
  • Utilities Oil4: Yes

Schools

  • Middle Or Junior School: Clayton

Lot Info

  • Parcel Number: 00608312
  • Fencing: Full
  • Lot Size Sq Ft: 6534.0
  • Zoning: SF6

Tax Info

  • Tax Annual Amount: 721.09

MLS Schools

  • Elementary School: Peavine
  • HighSchool: Reno

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2021
Closed on
Jul 19, 2021
Sold by
Stewart Properties Llc
Bought by
Payne Monica E and Kulik Gregory
Seller's Agent
Elizabeth Redshaw
Ferrari-Lund Real Estate Reno
Buyer's Agent
Nancy Hauth
Coldwell Banker Select Mt Rose
List Price
$390,000
Sold Price
$430,000
Premium/Discount to List
$40,000
10.26%
Current Estimated Value
$451,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,647
Avg. Annual Appreciation
1.05%
Original Mortgage
$344,000
Outstanding Balance
$316,285
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$132,383

Purchase Details

Closed on
Feb 7, 2018
Sold by
Np
Bought by
Np

Purchase Details

Closed on
Feb 6, 2018
Sold by
Np
Bought by
Np

Purchase Details

Closed on
Sep 17, 2014
Sold by
Stewart Mary White
Bought by
Stewart Mary White and The Mary White Stewart Revocable Living

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 15, 2014
Sold by
Stewart Mary White
Bought by
Stewart Mary White and The Mary White Stewart Living Trust

Purchase Details

Closed on
Jul 11, 2014
Sold by
Stewart Mary White
Bought by
Stewart Mary White

Purchase Details

Closed on
May 20, 2004
Sold by
Stewart Mary White
Bought by
Stewart Mary White and The Mary White Stewart Living Trust

Purchase Details

Closed on
Nov 17, 2003
Sold by
Sprinkle Michael C
Bought by
Stewart Mary White

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,200
Interest Rate
6%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 12, 2001
Sold by
Savage Evelyn
Bought by
Sprinkle Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,400
Interest Rate
6.99%

Purchase Details

Closed on
Jun 16, 2000
Sold by
Stewart Mary White
Bought by
Stewart Properties Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Payne Monica E $430,000 First Centennial Reno
Np -- None Available
Np -- None Available
Stewart Mary White -- Western Title Co
Stewart Mary White -- None Available
Stewart Mary White -- None Available
Stewart Mary White -- None Available
Stewart Mary White -- --
Stewart Mary White $489,266 Stewart Title Of Northern Nv
Sprinkle Michael C $135,500 First American Title
Stewart Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Payne Monica E $344,000
Previous Owner Stewart Mary White $123,000
Previous Owner Stewart Mary White $143,200
Previous Owner Sprinkle Michael C $152,900
Previous Owner Sprinkle Michael C $131,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2021 07/28/21 Sold $430,000 +10.3% $439 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $390,000 -- $398 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $852 $57,719 $41,545 $16,174
2024 $829 $57,150 $41,195 $15,955
2023 $829 $54,782 $40,005 $14,777
2022 $802 $43,505 $31,500 $12,005
2021 $767 $33,090 $21,490 $11,600
2020 $721 $32,760 $21,000 $11,760
2019 $689 $32,137 $21,000 $11,137
2018 $657 $25,584 $14,875 $10,709
2017 $630 $23,388 $12,705 $10,683
2016 $612 $23,281 $12,600 $10,681
2015 $613 $19,872 $9,450 $10,422
2014 $593 $17,842 $7,980 $9,862
2013 -- $15,521 $5,880 $9,641
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2021

    Elizabeth Redshaw

    Ferrari-Lund Real Estate Reno

    Section Image

  • N

    Buyer's Agent in 2021

    Nancy Hauth

    Coldwell Banker Select Mt Rose

See All Agents

Map

Source: Northern Nevada Regional MLS

MLS Number: 210008951

Northern Nevada Regional MLS

APN: 006-083-12

Nevada Washoe County Reno 89503 West University

1003 University Terrace, Reno, NV

This home is located at 1003 University Terrace, Reno, NV 89503 since 23 June 2021 and is currently estimated at $451,647, approximately $460 per square foot. This property was built in 1942. 1003 University Terrace is a home located in Washoe County with nearby schools including Peavine Elementary School, Archie Clayton Pre-AP Academy, and Reno High School.

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