Seller's Agent in 2023
Ellen Escobar
All Star Realty
(775) 770-4582
1 in this area
15 Total Sales
1347 Terrace Dr Reno, NV 89503
West University NeighborhoodEstimated Value: $376,000 - $611,000
6
Beds
2
Baths
2,437
Sq Ft
$208/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Wood Frame Window
- Laundry Room
- Reno High School Rated A-
- Brick or Stone Mason
- Landscaped
About This Home
As of June 2023Investment Opportunity!! Rare multiuse zoning allows for flexibility and numerous options for conversion. Leave it as a rental, or move a business into it! This house is in a fabulous location being 1 block away from UNR and San Rafael Park, as well as close to downtown. It's always rented, has ample storage space in the basement/laundry area, and an expansive yard for entertaining and gardening., Inspection/showing contingent on accepted offer - DO NOT DISTURB TENANTS! Drive by only! Please see uploaded APOD. Upstairs unit lease through April 1, 2023 and downstairs unit through August 1, 2023. **Property is being sold AS IS**
Last Agent to Sell the Property
All Star Realty License #B.1002983 Listed on: 06/09/2022
Last Buyer's Agent
Stephanie Orona
Compass License #S.191147
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,176
Year Built
- Built in 1928
Lot Details
- 5,663 Sq Ft Lot
- Property fronts a private road
- Back Yard Fenced
- Landscaped
Parking
- 6 Parking Spaces
Home Design
- Brick or Stone Mason
- Slab Foundation
- Shingle Roof
- Composition Roof
- Masonry
Interior Spaces
- 2,437 Sq Ft Home
- 2-Story Property
- Vinyl Clad Windows
- Drapes & Rods
- Wood Frame Window
Kitchen
- Oven
- Gas Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Ceramic Tile
Laundry
- Laundry Room
- Dryer
- Washer
Schools
- Elmcrest Elementary School
- Clayton Middle School
- Reno High School
Utilities
- Heating System Uses Natural Gas
- Separate Meters
- Master Meter
- Individual Gas Meter
- Gas Water Heater
Listing and Financial Details
- Tenant pays for all utilities
- The owner pays for all utilities
- Assessor Parcel Number 00712302
Community Details
Overview
- 2 Units
Building Details
- Vacancy Allowance $1
- Net Operating Income $32,582
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 9, 2022
Closed on
Jun 22, 2023
Sold by
Lan Christine
Bought by
Neff Sydney and Neff-Mccormack Michelle
Seller's Agent
Ellen Escobar
All Star Realty
Buyer's Agent
Stephanie Orona
Compass
List Price
$637,000
Sold Price
$580,000
Premium/Discount to List
-$57,000
-8.95%
Views
313
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$93,672
Avg. Annual Appreciation
-5.00%
Original Mortgage
$493,000
Outstanding Balance
$478,660
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$28,962
Purchase Details
Closed on
Mar 25, 2022
Sold by
Markus Frick
Bought by
Lan Christine
Purchase Details
Closed on
Jun 25, 2018
Sold by
Lan Christine
Bought by
Frick Markus
Purchase Details
Closed on
Nov 22, 2006
Sold by
Cavallo Donald L
Bought by
Lan Christine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
6.36%
Mortgage Type
Unknown
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Neff Sydney | $580,000 | First American Title | |
| Lan Christine | $154,000 | None Listed On Document | |
| Frick Markus | $101,542 | Wfg National Title | |
| Lan Christine | $295,000 | Stewart Title Of Northern Nv |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Neff Sydney | $493,000 | |
| Previous Owner | Lan Christine | $236,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/23/2023 06/23/23 | Sold | $580,000 | -3.2% | $238 / Sq Ft |
| 05/12/2023 05/12/23 | Pending | -- | -- | -- |
| 04/29/2023 04/29/23 | Price Changed | $599,000 | -2.6% | $246 / Sq Ft |
| 03/30/2023 03/30/23 | Price Changed | $615,000 | -1.6% | $252 / Sq Ft |
| 03/13/2023 03/13/23 | Price Changed | $625,000 | -1.9% | $256 / Sq Ft |
| 03/06/2023 03/06/23 | For Sale | $637,000 | 0.0% | $261 / Sq Ft |
| 02/21/2023 02/21/23 | Pending | -- | -- | -- |
| 02/06/2023 02/06/23 | Price Changed | $637,000 | -2.0% | $261 / Sq Ft |
| 01/04/2023 01/04/23 | For Sale | $650,000 | +12.1% | $267 / Sq Ft |
| 12/31/2022 12/31/22 | Off Market | $580,000 | -- | -- |
| 12/19/2022 12/19/22 | Price Changed | $650,000 | -3.7% | $267 / Sq Ft |
| 12/01/2022 12/01/22 | Price Changed | $675,000 | -5.6% | $277 / Sq Ft |
| 11/19/2022 11/19/22 | Price Changed | $715,000 | -1.4% | $293 / Sq Ft |
| 10/01/2022 10/01/22 | Price Changed | $725,000 | -9.4% | $297 / Sq Ft |
| 08/02/2022 08/02/22 | For Sale | $800,000 | 0.0% | $328 / Sq Ft |
| 08/02/2022 08/02/22 | Price Changed | $800,000 | +37.9% | $328 / Sq Ft |
| 08/02/2022 08/02/22 | Off Market | $580,000 | -- | -- |
| 06/30/2022 06/30/22 | Price Changed | $850,000 | -8.1% | $349 / Sq Ft |
| 06/09/2022 06/09/22 | Price Changed | $925,000 | +27.6% | $380 / Sq Ft |
| 06/08/2022 06/08/22 | For Sale | $725,000 | -- | $297 / Sq Ft |
Source: Northern Nevada Regional MLS
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 |
|---|---|---|---|---|
| 2026 | $1,034 | $78,267 | $54,075 | $24,192 |
| 2025 | $1,344 | $76,716 | $52,710 | $24,006 |
| 2024 | $1,344 | $75,050 | $51,450 | $23,600 |
| 2023 | $1,370 | $73,215 | $51,450 | $21,765 |
| 2022 | $1,269 | $63,315 | $45,500 | $17,815 |
| 2021 | $1,176 | $53,781 | $36,400 | $17,381 |
| 2020 | $1,104 | $52,136 | $35,000 | $17,136 |
| 2019 | $1,050 | $44,934 | $28,700 | $16,234 |
| 2018 | $1,003 | $35,540 | $19,950 | $15,590 |
| 2017 | $962 | $33,322 | $18,025 | $15,297 |
| 2016 | $938 | $30,179 | $15,029 | $15,150 |
| 2015 | $936 | $27,651 | $12,600 | $15,051 |
| 2014 | $908 | $24,682 | $10,395 | $14,287 |
| 2013 | -- | $24,036 | $10,395 | $13,641 |
Source: Public Records
Agents Affiliated with this Home
-
Ellen Escobar
-
S
Buyer's Agent in 2023
Stephanie Orona
Compass
-
YaYa Jackoby
Buyer Co-Listing Agent in 2023
YaYa Jackoby
Ferrari-Lund Real Estate South
(775) 223-4795
3 in this area
72 Total Sales
Map
Source: Northern Nevada Regional MLS
MLS Number: 220008187
APN: 007-123-02
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