NOT LISTED FOR SALE

250 Palace Ct Reno, NV 89506

Estimated Value: $403,000 - $422,853

4 Beds
2 Baths
1,427 Sq Ft
$290/Sq Ft Est. Value

Last Sold November 08, 2021

Last sale price $390,000 $273 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,434/month

5 Days on Market

About This Home

As of November 2021

This home is situated in a corner lot with 0.25 of an acre, large deck with mountain views and ample parking space. Open floor plan, 4bedrooms, 2 full bath, 2 living rooms. spacious kitchen. Ready for a new owner with a new vision.

Last Agent to Sell the Property

Sandra Valle

Ferrari-Lund R.E. Sparks License #S.66594 Listed on: 09/24/2021

Last Buyer's Agent

Sandra Valle

Ferrari-Lund R.E. Sparks License #S.66594 Listed on: 09/24/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $796

Year Built

  • Built in 1971

Lot Details

  • 0.25 Acre Lot
  • Property is zoned MDS

Parking

  • 1 Car Garage

Home Design

  • 1,427 Sq Ft Home
  • Pitched Roof

Kitchen

  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 08061318

Home Details

Home Type

Single Family

Est. Annual Taxes

$796

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
  • Road Frontage Type: Other
  • Co List Office Mls Id: 1193-o
  • Co List Office Phone: 775-685-7788
  • Directions: Lemon Valley dr
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Disposal, Dryer, Electric Cooktop, Oven, Refrigerator, Washer
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Interior Amenities: Ceiling Fan(s), Walk-In Closet(s)
  • Window Features: Blinds, Single Pane Windows

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • View: Mountain(s)
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Attached

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: In Kitchen, Laundry Area
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Middle Or Junior School: OBrien

Lot Info

  • Parcel Number: 08061318
  • Fencing: Back Yard
  • Lot Size Sq Ft: 10890.0
  • Zoning: MDS

Tax Info

  • Tax Annual Amount: 796.25

MLS Schools

  • Elementary School: Lemmon Valley
  • HighSchool: North Valleys

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2021
Closed on
Oct 27, 2021
Sold by
Vega Luis Pinto and Pinto Louis
Bought by
Chavez Hector Vivas and Vivas Nicole
Seller's Agent
Sandra Valle
Ferrari-Lund R.E. Sparks
Buyer's Agent
Sandra Valle
Ferrari-Lund R.E. Sparks
List Price
$402,000
Sold Price
$390,000
Premium/Discount to List
-$12,000
-2.99%
Total Days on Market
5
Current Estimated Value
$413,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,213
Avg. Annual Appreciation
1.63%
Original Mortgage
$387,845
Outstanding Balance
$358,612
Interest Rate
2.88%
Mortgage Type
FHA
Estimated Equity
$54,601

Purchase Details

Listed on
Feb 20, 2020
Closed on
Mar 24, 2020
Sold by
Sperske Kevin Lewis
Bought by
Vega Luis Pinto and Pinto Louis
Seller's Agent
Miranda Vaulet
RE/MAX Professionals-Reno
Buyer's Agent
Sandra Valle
Ferrari-Lund R.E. Sparks
List Price
$285,000
Sold Price
$282,000
Premium/Discount to List
-$3,000
-1.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.31%
Original Mortgage
$276,892
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
May 31, 2017
Closed on
Aug 3, 2017
Sold by
Strom Skyler M
Bought by
Sperske Kevin Lewis
Seller's Agent
Derek Larson
Krch Realty
Buyer's Agent
Brian Hall
Chase International-Damonte
List Price
$245,000
Sold Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.43%
Original Mortgage
$240,562
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 27, 2017
Closed on
Apr 14, 2017
Sold by
Well Fargo Bank Na
Bought by
Strom Skyler M
Seller's Agent
Pat Schweigert
ERA - Realty Central
Buyer's Agent
Derek Larson
Krch Realty
List Price
$192,000
Sold Price
$168,000
Premium/Discount to List
-$24,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
304.46%

Purchase Details

Closed on
Sep 30, 2013
Sold by
Hoeg David L and Hoeg Rhonda K
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Oct 17, 2003
Sold by
Yandell Thomas W and Yandell Barbara A
Bought by
Hoeg David L and Hoeg Rhonda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,450
Interest Rate
5.98%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 9, 1996
Sold by
Yandell Barbara A and Corella Barbara A
Bought by
Yandell Thomas W and Yandell Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
7.76%
Source: Public Records

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Range of Values:

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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
Chavez Hector Vivas $395,000 First Centennial Reno
Vega Luis Pinto $282,000 First Centennial Reno
Sperske Kevin Lewis $245,000 Reliant Title
Strom Skyler M $168,000 Real Advantage Title
Wells Fargo Bank Na $162,782 Lsi Title Agency Inc
Hoeg David L $451,000 First American Title
Yandell Thomas W -- Western Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez Hector Vivas $387,845
Previous Owner Vega Luis Pinto $276,892
Previous Owner Sperske Kevin Lewis $240,562
Previous Owner Hoeg Rhonda K $38,840
Previous Owner Hoeg David L $162,450
Previous Owner Yandell Thomas W $72,000
Previous Owner Yandell Thomas W $25,000
Previous Owner Yandell Thomas W $57,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2021 11/08/21 Sold $390,000 -3.0% $273 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $402,000 +42.6% $282 / Sq Ft
03/31/2020 03/31/20 Sold $282,000 -1.1% $198 / Sq Ft
02/28/2020 02/28/20 Pending -- -- --
02/20/2020 02/20/20 For Sale $285,000 +16.3% $200 / Sq Ft
08/03/2017 08/03/17 Sold $245,000 0.0% $214 / Sq Ft
07/27/2017 07/27/17 Pending -- -- --
05/31/2017 05/31/17 For Sale $245,000 +45.8% $214 / Sq Ft
04/26/2017 04/26/17 Sold $168,000 -12.5% $147 / Sq Ft
03/27/2017 03/27/17 Pending -- -- --
01/27/2017 01/27/17 For Sale $192,000 -- $168 / 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 $1,364 $52,599 $31,488 $21,111
2024 $928 $47,280 $26,500 $20,780
2023 $928 $45,144 $25,915 $19,229
2022 $859 $37,941 $22,544 $15,397
2021 $796 $30,563 $15,661 $14,902
2020 $748 $32,414 $16,725 $15,689
2019 $960 $31,507 $15,827 $15,680
2018 $679 $26,555 $10,673 $15,882
2017 $649 $26,740 $10,075 $16,665
2016 $633 $25,167 $7,781 $17,386
2015 $631 $24,181 $6,284 $17,897
2014 $626 $21,681 $3,924 $17,757
2013 -- $18,335 $2,959 $15,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 210014490

Northern Nevada Regional MLS

APN: 080-613-18