NOT LISTED FOR SALE

245 Palace Dr Reno, NV 89506

Estimated Value: $414,000 - $449,499

4 Beds
1.5 Baths
1,807 Sq Ft
$243/Sq Ft Est. Value

Last Sold May 29, 2024

Last sale price $440,000 $243 Per Sq Ft

Current estimated payment $2,413/month

8 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Double Pane Windows
  • Great Room
  • 1 Car Attached Garage
  • Refrigerated Cooling System

About This Home

As of May 2024

Escape the stresses of city living and discover your dream home today! This fully renovated property is located in the highly desirable Lemon Valley area and offers the perfect blend of modern comfort and tranquility. With ample living space and a spacious yard, this turn-key home provides the ideal sanctuary for those seeking a peaceful retreat. This move-in-ready property boasts a lengthy list of upgrades, including a new roof, new flooring, elegant quartz countertops, sleek shaker kitchen cabinets, new, bathroom vanities, and new appliances, plus many more. The interior and exterior have also been freshly painted, adding to the home's modern charm. It features four bedrooms, one and a half bathrooms, and a one-car garage. Whether you're looking for a cozy family home or a serene retreat from the hustle and bustle of city life, this property has it all. Schedule a viewing now and envision your new life in this stunning Lemon Valley property!

Last Agent to Sell the Property

Armando Reyes

Coldwell Banker Select RE M License #S.185275 Listed on: 04/09/2024

Coldwell Banker Select RE M

Last Buyer's Agent

Raquel Cortez

Hello Real Estate Center License #S.184022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,517

Year Built

  • Built in 1971

Lot Details

  • 10,019 Sq Ft Lot
  • Back and Front Yard Fenced
  • Level Lot
  • Open Lot
  • Property is zoned MDR

Parking

  • 1 Car Attached Garage

Home Design

  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,807 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Great Room
  • Family Room
  • Open Floorplan
  • Mountain Views
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher
  • No Kitchen Appliances
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Patio

Schools

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

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

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

Listing and Financial Details

  • HUD Owned
  • Home warranty included in the sale of the property
  • Assessor Parcel Number 08061403

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,517

Year Built

Built in 1971

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1971
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: No
  • Lot Features: Level, Open Lot
  • Lot Size Acres: 0.23
  • 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: 627500030-o
  • Co List Office Phone: 775-782-7111
  • Special Conditions: HUD Owned
  • Directions: Lemon Valley Dr, right on Palace Dr
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Living Area: 1807.0
  • 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: 1517.0
  • Tax Legal Zoning4: MDR
  • 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: 0.23
  • Lot Lot Size Square Feet2: 10018.8
  • Lot Horse Y N2: No
  • Lot View Y N2: Yes
  • Fencing Back Yard: Yes
  • Cooling Central Air: Yes
  • Foundation Details Crawl Space: Yes
  • Lot Features Level: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Typeof Construction Site Stick- Built: Yes
  • Water Rights Water Rights Y N: No
  • Appliances Dishwasher: Yes
  • Cooling Refrigerated: Yes
  • Appliances Disposal: Yes
  • Outdoor Living Spaces Patio2: Yes
  • Security Features Smoke Detector(s): Yes
  • View Mountain(s): Yes
  • Appliances Microwave: Yes
  • Fencing Partial2: Yes
  • Water Heater Gas5: Yes
  • Fencing Front Yard: Yes
  • Lot Features Open Lot: Yes
  • Appliances Included As Personal Property Gas Cooktop2: Yes
  • Appliances None2: Yes
  • Special Listing Conditions H U D Owned: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Cooktop, Microwave, None
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Ceiling Fan(s), Primary Downstairs
  • Window Features: Double Pane Windows
  • Interior Bathrooms Half: 1
  • Interior Living Area4: 1807.0
  • Interior Fireplace Y N: No
  • Flooring Carpet: Yes
  • Interior Features Primary Downstairs: Yes
  • Window Features Double Pane Windows: Yes
  • Laundry Features In Kitchen: Yes
  • Living Room Features Family Room Combination: Yes
  • Primary Bedroom Features On Main Floor: Yes
  • Flooring Ceramic Tile: Yes
  • Laundry Features Laundry Area: Yes
  • Living Room Features Great Room3: Yes
  • Kitchen Features Built- In Dishwasher: Yes
  • Kitchen Features Disposal2: Yes
  • Dining Room Features Kitchen Combination: Yes
  • Kitchen Features Built- In Microwave: Yes
  • Primary Bedroom Features Ceiling Fan(s)7: Yes
  • Interior Features Ceiling Fan(s)2: Yes
  • Living Room Features Ceiling Fan(s)3: Yes
  • Living Room Features Dining Room Combination: Yes
  • Kitchen Features Gas Cooktop3: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • View: Mountain(s)
  • Construction Type: Vinyl Siding
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Patio
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes
  • Construction Materials Vinyl Siding: 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: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: In Kitchen, Laundry Area
  • Cooling: Central Air, Refrigerated
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Cooling Y N3: Yes
  • 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: 08061403
  • Fencing: Back Yard, Front Yard, Partial
  • Lot Size Sq Ft: 10018.8
  • Zoning: MDR

Tax Info

  • Tax Annual Amount: 1517.0

MLS Schools

  • Elementary School: Lemmon Valley
  • HighSchool: North Valleys

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2024
Closed on
May 24, 2024
Sold by
A & A Strategies Llc
Bought by
Chavez-Quiroz Thelma Elena and Herrera-Chavez Angel
Seller's Agent
Armando Reyes
Coldwell Banker Select RE M
Buyer's Agent
Raquel Cortez
Hello Real Estate Center
List Price
$434,000
Sold Price
$440,000
Premium/Discount to List
$6,000
1.38%
Views
73
Current Estimated Value
$438,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,375
Avg. Annual Appreciation
-0.26%
Original Mortgage
$35,000
Outstanding Balance
$34,591
Interest Rate
7.1%
Estimated Equity
$404,003

Purchase Details

Listed on
Jan 11, 2024
Closed on
Jan 25, 2024
Sold by
Post Lynn J
Bought by
A & A Strategies Llc
Seller's Agent
Anita Spencer
RE/MAX Professionals-Sparks
Buyer's Agent
Anita Spencer
RE/MAX Professionals-Sparks
List Price
$350,000
Sold Price
$316,000
Premium/Discount to List
-$34,000
-9.71%
Views
82

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
190.91%
Original Mortgage
$318,500
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 1996
Sold by
Mead Group Inc
Bought by
Post George Elliott and Post Lynn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,200
Interest Rate
8.33%
Mortgage Type
VA

Purchase Details

Closed on
Mar 6, 1996
Sold by
Trujillo Annamarie and Shortz Steven C
Bought by
Mead Group Inc

Purchase Details

Closed on
Jul 7, 1995
Sold by
Shortz Steven C
Bought by
Trujillo Annamarie
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chavez-Quiroz Thelma Elena $440,000 First American Title
A & A Strategies Llc $316,000 First American Title
Post George Elliott $110,000 First American Title Co
Mead Group Inc $84,071 First American Title Co
Trujillo Annamarie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez-Quiroz Thelma Elena $35,000
Open Chavez-Quiroz Thelma Elena $412,087
Previous Owner A & A Strategies Llc $318,500
Previous Owner Post Lynn J $373,500
Previous Owner Post Lynn J $295,500
Previous Owner Post George Elliott $95,250
Previous Owner Post George Elliott $107,570
Previous Owner Post George Elliott $112,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2024 05/29/24 Sold $440,000 +1.4% $243 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
04/08/2024 04/08/24 For Sale $434,000 +37.3% $240 / Sq Ft
02/05/2024 02/05/24 Sold $316,000 -9.7% $175 / Sq Ft
01/16/2024 01/16/24 Pending -- -- --
01/10/2024 01/10/24 For Sale $350,000 -- $194 / 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 $1,015 $55,319 $31,488 $23,832
2024 $1,015 $51,175 $26,500 $24,675
2023 $1,418 $49,950 $25,915 $24,035
2022 $912 $43,101 $22,544 $20,557
2021 $1,277 $36,594 $15,661 $20,933
2020 $862 $38,221 $16,725 $21,496
2019 $828 $37,088 $15,827 $21,261
2018 $803 $31,927 $10,673 $21,254
2017 $781 $31,786 $10,075 $21,711
2016 $760 $30,403 $7,781 $22,622
2015 $754 $29,191 $6,284 $22,907
2014 $751 $26,162 $3,924 $22,238
2013 -- $21,948 $2,959 $18,989
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northern Nevada Regional MLS

MLS Number: 240003686

Northern Nevada Regional MLS

APN: 080-614-03