$168,000
SOLD APR 26, 2017

250 Palace Ct Reno, NV 89506

3 Beds
1.5 Baths
1,144 Sq Ft
0.6 Acres

Recently Sold

$147 Per Sq Ft

12% Below List Price

59 Days on Market

Highlights

  • Horses Allowed On Property
  • Mountain View
  • Separate Formal Living Room
  • 0.6 Acre Lot
  • Wood Flooring
  • No HOA

About This Home

As of November 2021

What a cute opportunity. Located on the corner of a cul de sac this single family home offers a central kitchen, dining area with parquet flooring, an oversized family room and a living room with french doors out the the view filled deck. Fully fenced yard has mature trees and bushes. Most of the house has been painted with neutral colors. Just needs your finishing touches.

Last Agent to Sell the Property

Pat Schweigert

ERA - Realty Central License #B.583 Listed on: 01/27/2017

Last Buyer's Agent

Derek Larson

Krch Realty License #S.167976

Krch Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $632

Year Built

  • Built in 1971

Lot Details

  • 0.6 Acre Lot
  • Property is Fully Fenced
  • Level Lot
  • Property is zoned mds

Parking

  • 1 Car Attached Garage

Property Views

  • Mountain
  • Desert
  • Valley

Home Design

  • Slab Foundation
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stick Built Home
  • Masonite

Interior Spaces

  • 1,144 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Laundry Room

Kitchen

  • Built-In Oven
  • Gas Oven
  • Gas Range

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

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

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Phone Available

Community Details

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

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Home warranty included in the sale of the property
  • Assessor Parcel Number 08061318

Home Details

Home Type

Single Family

Est. Annual Taxes

$632

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: Yes
  • Lot Features: Level
  • Lot Size Acres: 0.6
  • Road Frontage Type: Other
  • Has View?: Yes
  • Association Amenities: None
  • Has H O A?: No
  • Co List Office Mls Id: 414-o
  • Co List Office Phone: 775-685-2372
  • Special Conditions: Real Estate Owned
  • Directions: Lemmon Drive, right on Palace to Palace Ct
  • Has Fireplace?: No
  • Living Area: 1144.0
  • 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: 632.0
  • 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: 0.6
  • Lot Lot Size Square Feet2: 26136.0
  • Lot Horse Y N2: Yes
  • Construction Materials Masonite: Yes
  • Lot View Y N2: Yes
  • Foundation Details Crawl Space: Yes
  • Foundation Details Slab: 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
  • Fencing Full2: Yes
  • View Mountain(s): Yes
  • Water Heater Gas5: Yes
  • View Desert: Yes
  • View Valley: Yes
  • Appliances Gas Range: Yes
  • Appliances Included As Personal Property Gas Oven2: Yes
  • Special Listing Conditions Real Estate Owned: Yes
  • Appliances Included As Personal Property Oven2: Yes
  • Special Features: RealEstateOwned
  • Stories: 1

Interior Features

  • Appliances: Gas Range, Oven
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Primary Downstairs
  • Window Features: Single Pane Windows
  • Interior Bathrooms Half: 1
  • Interior Living Area4: 1144.0
  • Interior Fireplace Y N: No
  • Flooring Carpet: Yes
  • Interior Features Primary Downstairs: Yes
  • Living Room Features Separate Formal Room: Yes
  • Family Room Features Separate Formal Room3: Yes
  • Primary Bedroom Features On Main Floor: Yes
  • Flooring Wood: Yes
  • Laundry Features Laundry Area: Yes
  • Dining Room Features Kitchen Combination: Yes
  • Flooring Tile: Yes
  • Flooring Vinyl: Yes
  • Kitchen Features Built- In Single Oven: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • View: Desert, Mountain(s), Valley
  • Construction Type: Masonite, Wood Siding
  • Foundation Details: Crawl Space, Slab
  • Construction Materials Wood Siding: Yes
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: 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, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: Laundry Area
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Heating Y N3: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes

Schools

  • Middle Or Junior School: OBrien

Lot Info

  • Parcel Number: 08061318
  • Fencing: Full
  • Lot Size Sq Ft: 26136.0
  • Zoning: mds

Tax Info

  • Tax Annual Amount: 632.0

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%
Current Estimated Value
$415,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,123
Avg. Annual Appreciation
1.56%
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

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 Type Sale Price Title Company
Bargain Sale Deed $395,000 First Centennial Reno
Bargain Sale Deed $282,000 First Centennial Reno
Bargain Sale Deed $245,000 Reliant Title
Bargain Sale Deed $168,000 Real Advantage Title
Trustee Deed $162,782 Lsi Title Agency Inc
Bargain Sale Deed $451,000 First American Title
Interfamily Deed Transfer -- Western Title Company Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $387,845 FHA
Previous Owner $276,892 FHA
Previous Owner $240,562 FHA
Previous Owner $38,840 Stand Alone Second
Previous Owner $162,450 FHA
Previous Owner $72,000 Unknown
Previous Owner $25,000 Credit Line Revolving
Previous Owner $57,000 No Value Available
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: 170000930

Northern Nevada Regional MLS

APN: 080-613-18