NOT LISTED FOR SALE

185 Palace Dr Reno, NV 89506

Estimated Value: $384,000 - $393,000

4 Beds
1.5 Baths
1,143 Sq Ft
$340/Sq Ft Est. Value

Last Sold February 28, 2012

Last sale price $48,000 $42 Per Sq Ft

Est. 709% increase in value since last sale

Current estimated payment $2,171/month

7 Days on Market

Highlights

  • RV Access or Parking
  • Attached Garage
  • Patio
  • No HOA
  • Walk-In Closet
  • Laundry Room

About This Home

As of February 2012

Large lot just under 1/4 acre. Back yard backs up to vacant land. Fenced RV parking. Country feel but just 15 minutes from downtown., Buyer MUST be Pre-approved with Seller’s Preferred Lender prior to submission of the offer to purchase (Offer & Acceptance Agreement). ANY OFFER SUBMITTED WITHOUT A PREAPPROVAL FROM SELLER’S LENDER MAY AUTOMATICALLY BE REJECTED. Email Listing Agent for more info/see Attached Docs.

Last Agent to Sell the Property

Skip Benton

Coldwell Banker Select Reno License #BS.143248 Listed on: 01/31/2012

Coldwell Banker Select Reno

Last Buyer's Agent

John Townley

Reno/Tahoe Realty Group, LLC License #BS.144902

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $600

Year Built

  • Built in 1971

Lot Details

  • 9,148 Sq Ft Lot
  • Back Yard Fenced
  • Level Lot
  • Property is zoned Mds

Home Design

  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,143 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Carpet
  • Crawl Space
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Parking

  • Attached Garage
  • RV Access or Parking

Outdoor Features

  • Patio

Schools

  • Lemmon Valley Elementary School
  • Obrien Middle School
  • North Valleys High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Home warranty included in the sale of the property
  • Assessor Parcel Number 08061409

Home Details

Home Type

Single Family

Est. Annual Taxes

$600

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Year Built: 1971
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: No
  • Lot Features: Level
  • Lot Size Acres: 0.21
  • Road Frontage Type: Other
  • Association Amenities: None
  • Has H O A?: No
  • Co List Office Mls Id: 341-o
  • Co List Office Phone: 775-688-4800
  • Special Conditions: Real Estate Owned
  • Directions: Lemmon to Palace, turn Right
  • Has Fireplace?: No
  • Living Area: 1143.0
  • Property Attached Yn: No
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Lemmon Valley
  • Tax Legal Middle Or Junior School2: OBrien
  • Tax Legal High School: North Valleys
  • Tax Legal Tax Annual Amount: 600.4
  • Tax Legal Zoning4: Mds
  • 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: 0.21
  • Lot Lot Size Square Feet2: 9147.6
  • Lot Horse Y N2: No
  • Fencing Back Yard: Yes
  • Foundation Details Crawl Space: Yes
  • Lot Features Level: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Typeof Construction Site Stick- Built: Yes
  • Water Rights Water Rights Y N: No
  • Appliances Dishwasher: Yes
  • Outdoor Living Spaces Patio2: Yes
  • Water Heater Gas5: Yes
  • Special Listing Conditions Real Estate Owned: Yes
  • Special Features: RealEstateOwned
  • Stories: 1

Interior Features

  • Appliances: Dishwasher
  • Flooring: Carpet
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Walk-In Closet(s)
  • Window Features: Single Pane Windows
  • Interior Bathrooms Half: 1
  • Interior Living Area4: 1143.0
  • Interior Fireplace Y N: No
  • Flooring Carpet: Yes
  • Dining Room Features Living Room Combination: Yes
  • Laundry Features Laundry Area: Yes
  • Kitchen Features Built- In Dishwasher: Yes
  • Interior Features Walk- In Closet(s): Yes
  • Primary Bedroom Features Walk- In Closet(s)2: Yes
  • Living Room Features Dining Room Combination: Yes

Exterior Features

  • Roof: Composition, Shingle
  • Stories: 1
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Patio
  • Construction Materials Wood Siding: Yes
  • Roof Composition: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Has Attached Garage?: No
  • Parking Features: Attached, RV Access/Parking
  • Parking Information Garage Y N: No
  • Parking Information Carport Y N: No
  • Parking Features Attached: Yes
  • Parking Features R V Access Parking: Yes

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: Laundry Area
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Heating Y N3: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes

Schools

  • Middle Or Junior School: OBrien

Lot Info

  • Parcel Number: 08061409
  • Fencing: Back Yard
  • Lot Size Sq Ft: 9147.6
  • Zoning: Mds

Tax Info

  • Tax Annual Amount: 600.4

MLS Schools

  • Elementary School: Lemmon Valley
  • HighSchool: North Valleys

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 2021
Sold by
Johnson Carl S
Bought by
Johnson Cari Lynn
Current Estimated Value
$388,538

Purchase Details

Listed on
Jan 31, 2012
Closed on
Feb 15, 2012
Sold by
Citibank Na
Bought by
Johnson Carl S
Seller's Agent
Skip Benton
Coldwell Banker Select Reno
Buyer's Agent
John Townley
Reno/Tahoe Realty Group, LLC
List Price
$49,900
Sold Price
$48,000
Premium/Discount to List
-$1,900
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.74%

Purchase Details

Listed on
Jan 31, 2012
Closed on
Jan 20, 2012
Sold by
Rodriguez Larry
Bought by
Citibank Na
Seller's Agent
Skip Benton
Coldwell Banker Select Reno
Buyer's Agent
John Townley
Reno/Tahoe Realty Group, LLC
List Price
$49,900
Sold Price
$48,000
Premium/Discount to List
-$1,900
-3.81%

Purchase Details

Closed on
Jun 20, 2006
Sold by
Rodriguez Larry
Bought by
Rodriguez Larry and Rodriguez Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,500
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 18, 2004
Sold by
Dufford Melissa
Bought by
Rodriguez Larry and Rodriguez Jessica J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,200
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 18, 2000
Sold by
Dufford Jason
Bought by
Dufford Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,700
Interest Rate
8.24%

Purchase Details

Closed on
May 28, 1997
Sold by
Pate Mark and Pate Mary Kay
Bought by
Pate Evangeline F

Purchase Details

Closed on
Dec 13, 1996
Sold by
Pate Evangeline F
Bought by
Pate Evangeline F and Pate Mary Kay

Purchase Details

Closed on
Aug 27, 1996
Sold by
Pate Evangeline F
Bought by
Pate Mark and Pate Mary Kay
Source: Public Records

Range of Values:

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Average Value
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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
Johnson Cari Lynn -- None Available
Johnson Carl S $48,000 Servicelink Irvine
Citibank Na $75,306 Fidelity Natl Title Ins Co
Rodriguez Larry -- Accommodation
Rodriguez Larry -- Founders Title Company Of Nv
Rodriguez Larry $169,000 Western Title Incorporated
Dufford Melissa -- --
Dufford Melissa -- First American Title
Dufford Melissa $110,000 First American Title
Pate Evangeline F $40,000 --
Pate Evangeline F $4,833 Stewart Title
Pate Mark $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Larry $196,500
Previous Owner Rodriguez Larry $135,200
Previous Owner Dufford Melissa $106,700
Closed Rodriguez Larry $33,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2012 02/28/12 Sold $48,000 -3.8% $42 / Sq Ft
02/06/2012 02/06/12 Pending -- -- --
01/30/2012 01/30/12 For Sale $49,900 -- $44 / 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 $695 $46,768 $29,831 $16,938
2024 $695 $41,809 $25,106 $16,703
2023 $676 $40,001 $24,551 $15,450
2022 $656 $33,930 $21,357 $12,573
2021 $638 $27,111 $14,837 $12,274
2020 $599 $28,612 $15,845 $12,767
2019 $571 $28,577 $15,827 $12,750
2018 $636 $23,559 $10,673 $12,886
2017 $524 $23,368 $10,075 $13,293
2016 $645 $21,699 $7,781 $13,918
2015 $490 $19,582 $6,284 $13,298
2014 $487 $16,980 $3,924 $13,056
2013 -- $14,229 $2,959 $11,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 120001335

Northern Nevada Regional MLS

APN: 080-614-09