Seller's Agent in 2025
Jordan Ames
eXp Realty, LLC
(775) 293-4833
3 in this area
122 Total Sales
240 Bisby St Reno, NV 89512
West University Neighborhood
5
Beds
2
Baths
1,960
Sq Ft
10,454
Sq Ft Lot
Highlights
- Wood Flooring
- No HOA
- Patio
- Separate Formal Living Room
- Double Pane Windows
- Laundry Room
About This Home
As of May 2025Rare LEGAL 5-bedroom home steps from UNR w/strong rental history & tenant through July 2026. A full gut $45K basement remodel completed 1/2025, legally adding 2 bedrooms, bonus kitchenette, & living area. Taxes only $965! Large lot & backyard offer ADU potential for even greater revenue potential (w/permit). Great income property w/immediate cash flow. The seller is only selling to do a 1031 exchange. Own w/confidence, knowing basement is safe w/legal egress for tenants! Investor rate of 6.375% available!, Lease buyout maybe possible if buyer wants to occupy or start with fresh tenants. One of the owners is a real estate licensee.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $965
Year Built
- Built in 1948
Lot Details
- 10,454 Sq Ft Lot
- Back Yard Fenced
- Landscaped
- Level Lot
- Property is zoned Sf8
Home Design
- Slab Foundation
- Insulated Concrete Forms
- Pitched Roof
- Shingle Roof
- Composition Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 1,960 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Low Emissivity Windows
- Vinyl Clad Windows
- Blinds
- Separate Formal Living Room
- Combination Kitchen and Dining Room
- Fire and Smoke Detector
- Finished Basement
Kitchen
- Gas Oven
- Gas Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Patio
- Storage Shed
Schools
- Lemelson Stem Academy Elementary School
- Traner Middle School
- Hug High School
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
- Internet Available
- Centralized Data Panel
- 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 00703304
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 16, 2025
Closed on
May 14, 2025
Sold by
Ames Living Trust and Ames Jordan T
Bought by
Anastassatos Gregory P and Pinsuwan Kevalin
Seller's Agent
Jordan Ames
eXp Realty, LLC
Buyer's Agent
Gregory Anastassatos
Reno Realty
List Price
$615,000
Sold Price
$590,000
Premium/Discount to List
-$25,000
-4.07%
Total Days on Market
17
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
-$29,355
Avg. Annual Appreciation
-1.29%
Original Mortgage
$490,000
Outstanding Balance
$490,000
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$97,943
Purchase Details
Closed on
Aug 30, 2021
Sold by
Lange Cliff J and Lange Naomi D
Bought by
Ames Jordan T and Ames Raylene D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,250
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 11, 2009
Sold by
Countrywide Bank Fsb
Bought by
Arett Michael P and Kruse Arett Laurel
Purchase Details
Closed on
Sep 3, 2008
Sold by
Burke Matthew E
Bought by
Countrywide Bank Fsb
Purchase Details
Closed on
Dec 9, 2005
Sold by
Hall John J and Hall Kristi
Bought by
Burke Matthew E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
6.25%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Oct 26, 2004
Sold by
Burke Matthew E and Hall John J
Bought by
Burke Matthew E and Hall John J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Oct 6, 2004
Sold by
Lynch James and Dooley Caroline
Bought by
Burke Matthew E and Hall John J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Apr 21, 2004
Sold by
Artman Gregory C and Bergman Nancy E
Bought by
Lynch James and Dooley Caroline
Purchase Details
Closed on
Jan 7, 2003
Sold by
Artman Gregory C
Bought by
Artman Gregory C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,500
Interest Rate
6.06%
Purchase Details
Closed on
Jul 16, 2002
Sold by
Artman Gregory C
Bought by
Artman Gregory C and Artman Living Trust
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $590,000 | Stewart Title | |
| Bargain Sale Deed | $507,000 | Ticor Title Reno | |
| Bargain Sale Deed | $114,000 | First American Title Reno | |
| Trustee Deed | $191,250 | Ticor Title Of Nevada Inc | |
| Bargain Sale Deed | -- | Ticor Title Of Nevada Inc | |
| Interfamily Deed Transfer | $280,000 | Stewart Title Of Northern Ne | |
| Bargain Sale Deed | $280,000 | Stewart Title Of Northern Nv | |
| Bargain Sale Deed | $185,000 | Stewart Title Of Northern Nv | |
| Interfamily Deed Transfer | -- | First American Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $490,000 | New Conventional | |
| Previous Owner | $380,250 | New Conventional | |
| Previous Owner | $63,000 | Credit Line Revolving | |
| Previous Owner | $252,000 | Unknown | |
| Previous Owner | $224,000 | Credit Line Revolving | |
| Previous Owner | $95,500 | No Value Available | |
| Closed | $56,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/16/2025 05/16/25 | Sold | $590,000 | -4.1% | $301 / Sq Ft |
| 04/16/2025 04/16/25 | For Sale | $615,000 | 0.0% | $314 / Sq Ft |
| 05/24/2023 05/24/23 | Rented | $3,495 | 0.0% | -- |
| 05/10/2023 05/10/23 | For Rent | $3,495 | 0.0% | -- |
| 06/17/2014 06/17/14 | Sold | $226,000 | +2.7% | $133 / Sq Ft |
| 05/05/2014 05/05/14 | Pending | -- | -- | -- |
| 05/01/2014 05/01/14 | For Sale | $219,999 | -- | $130 / Sq Ft |
Source: Northern Nevada Regional MLS
Tax History Compared to Growth
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 | $965 | $52,281 | $31,826 | $20,455 |
| 2024 | $965 | $50,053 | $29,878 | $20,175 |
| 2023 | $897 | $50,793 | $32,303 | $18,489 |
| 2022 | $828 | $40,424 | $25,358 | $15,066 |
| 2021 | $770 | $31,386 | $16,758 | $14,628 |
| 2020 | $725 | $30,263 | $15,692 | $14,571 |
| 2019 | $705 | $29,637 | $15,913 | $13,724 |
| 2018 | $669 | $23,969 | $10,768 | $13,201 |
| 2017 | $621 | $21,232 | $8,783 | $12,449 |
| 2016 | $604 | $19,995 | $7,644 | $12,351 |
| 2015 | $601 | $18,208 | $5,917 | $12,291 |
| 2014 | $549 | $15,297 | $4,594 | $10,703 |
| 2013 | -- | $14,236 | $3,785 | $10,451 |
Source: Public Records
Agents Affiliated with this Home
-
Jordan Ames
-
Gregory Anastassatos
Buyer's Agent in 2025
Gregory Anastassatos
Reno Realty
(775) 830-0735
4 in this area
21 Total Sales
-
Jon Lundahl
J
Seller Co-Listing Agent in 2023
Jon Lundahl
Dickson Realty
(775) 313-1200
20 Total Sales
-
Torry Johnson
Seller's Agent in 2014
Torry Johnson
Chase International - ZC
(775) 451-3349
26 Total Sales
-
C
Buyer's Agent in 2014
Collin Galgon
RE/MAX
Map
Source: Northern Nevada Regional MLS
MLS Number: 250004874
APN: 007-033-04
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