NOT LISTED FOR SALE

255 Palace Dr Reno, NV 89506

Estimated Value: $384,000 - $390,150

3 Beds
1.5 Baths
1,144 Sq Ft
$339/Sq Ft Est. Value

Last Sold December 20, 2019

Last sale price $253,000 $221 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,057/month

194 Days on Market

Highlights

  • Two Primary Bedrooms
  • No HOA
  • Double Pane Windows
  • View of Trees or Woods
  • 1 Car Attached Garage
  • Refrigerated and Evaporative Cooling System

About This Home

As of December 2019

home is ready to move in. no neighbors behind you. master bedroom could e converted back to make 4 bedrooms. BEAUTIFUL WOOD VINAL FLOORINGIN THE LIVINGROON AND HALLWAY. HUGE MASTER BEDROOM 2 LARGE CLOSETS, 2 LARGE WINDOWS. DOUBLE PAIN WINDOWS. HALF BATH COULD BE MADE INTO A FULL BATH, SEE PLANS. LARGE KITCHEN PANTRY AREA. GARAGE IS A ONE AND A HALF CAR GARAGE., lots of room in the 1 1/2 car garage for a shop area garage refrigerator and freezer. garage has a man dooor to the backyard. lots of lighting and wired for garage door opener. easy access to the back yard to store all your boats R-V,,and other toys..lots of room in the backyard to build a hug building..

Last Agent to Sell the Property

Raymond Albrecht

Advance Realty Professionals License #B.1595 Listed on: 05/25/2019

Last Buyer's Agent

Antonette Shaw

RE/MAX Gold License #S.62516

RE/MAX Gold

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $619

Year Built

  • Built in 1972

Lot Details

  • 9,148 Sq Ft Lot
  • Property is Fully Fenced
  • Landscaped
  • Property is zoned MDS

Parking

  • 1 Car Attached Garage

Property Views

  • Woods
  • Mountain
  • Desert

Home Design

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

Interior Spaces

  • 1,144 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Vinyl Clad Windows
  • Blinds
  • Family Room
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Double Master Bedroom
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Shelves in Laundry Area

Schools

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

Utilities

  • Refrigerated and Evaporative Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • 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

  • Assessor Parcel Number 08061402

Home Details

Home Type

Single Family

Est. Annual Taxes

$619

Year Built

Built in 1972

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1972
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: No
  • Lot Features: Landscaped
  • Lot Size Acres: 0.21
  • 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: 495-o
  • Co List Office Phone: 775-359-8888
  • Co List Office Mls Id: 495-o
  • Co List Office Phone: 775-359-8888
  • Directions: LEMMON VALLEY DR
  • Has Cooling?: Yes
  • 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: 619.34
  • Tax Legal Zoning4: MDS
  • Association Community Association Y N3: No
  • Building Stories5: 1
  • Building Property Attached Y N: No
  • Building Home Warranty Y N: No
  • Lot Lot Size Acres2: 0.21
  • Lot Lot Size Square Feet2: 9147.6
  • Lot Horse Y N2: No
  • Lot View Y N2: Yes
  • Cooling Evaporative Cooling: Yes
  • Lot Features Landscaped: Yes
  • Foundation Details Crawl Space: 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
  • Security Features Smoke Detector(s): Yes
  • View Mountain(s): Yes
  • Water Heater Gas5: Yes
  • View Desert: Yes
  • View Trees Woods: Yes
  • Appliances Electric Range: Yes
  • Appliances Electric Oven: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Oven, Electric Range, Refrigerator
  • Flooring: Carpet, Laminate
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Ceiling Fan(s), Pantry
  • Window Features: Blinds, Double Pane Windows, Vinyl Frames
  • Interior Bathrooms Half: 1
  • Interior Living Area4: 1144.0
  • Interior Fireplace Y N: No
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Laundry Features In Kitchen: Yes
  • Window Features Blinds: Yes
  • Living Room Features Family Room Combination: Yes
  • Primary Bedroom Features Tub Shower Combination: Yes
  • Laundry Features Laundry Area: Yes
  • Dining Room Features Kitchen Combination: Yes
  • Laundry Features Shelves: Yes
  • Primary Bedroom Features Ceiling Fan(s)7: Yes
  • Flooring Laminate: Yes
  • Interior Features Ceiling Fan(s)2: Yes
  • Dining Room Features Ceiling Fan(s)4: Yes
  • Primary Bedroom Features Additional Primary Bedroom: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • View: Desert, Mountain(s), Trees/Woods
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • 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: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available, Water Meter Installed
  • Water Source: Public
  • Laundry Features: In Kitchen, Laundry Area, Shelves
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Cooling Y N3: Yes
  • Utilities Heating Y N3: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Water Meter Installed: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes

Schools

  • Middle Or Junior School: OBrien

Lot Info

  • Parcel Number: 08061402
  • Fencing: Full
  • Lot Size Sq Ft: 9147.6
  • Zoning: MDS

Tax Info

  • Tax Annual Amount: 619.34

MLS Schools

  • Elementary School: Lemmon Valley
  • HighSchool: North Valleys

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2019
Closed on
Dec 20, 2019
Sold by
Albrecht Raymond G
Bought by
Rodriguez Francisco and Macias Letecia Fierros
Seller's Agent
Raymond Albrecht
Advance Realty Professionals
Buyer's Agent
Antonette Shaw
RE/MAX Gold
List Price
$269,900
Sold Price
$253,000
Premium/Discount to List
-$16,900
-6.26%
Current Estimated Value
$384,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,695
Avg. Annual Appreciation
7.32%
Original Mortgage
$248,417
Outstanding Balance
$220,304
Interest Rate
4.12%
Mortgage Type
FHA
Estimated Equity
$167,234

Purchase Details

Closed on
Apr 16, 2004
Sold by
Albrecht Raymond G
Bought by
Albrecht Raymond G and Albrecht Evonne I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.57%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rodriguez Francisco $253,000 First Centennial Reno
Albrecht Raymond G -- Ticor Title Of Nevada Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Francisco $248,417
Previous Owner Albrecht Raymond G $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2019 12/20/19 Sold $253,000 -1.3% $221 / Sq Ft
12/05/2019 12/05/19 Pending -- -- --
11/10/2019 11/10/19 Price Changed $256,400 0.0% $224 / Sq Ft
10/26/2019 10/26/19 Price Changed $256,500 -0.2% $224 / Sq Ft
10/18/2019 10/18/19 Price Changed $256,900 -0.8% $225 / Sq Ft
10/05/2019 10/05/19 Price Changed $258,900 -0.2% $226 / Sq Ft
08/29/2019 08/29/19 Price Changed $259,400 0.0% $227 / Sq Ft
08/16/2019 08/16/19 Price Changed $259,500 -0.2% $227 / Sq Ft
07/15/2019 07/15/19 Price Changed $259,950 -0.8% $227 / Sq Ft
07/11/2019 07/11/19 Price Changed $261,950 -0.2% $229 / Sq Ft
06/27/2019 06/27/19 Price Changed $262,500 -0.4% $229 / Sq Ft
06/07/2019 06/07/19 Price Changed $263,500 -0.2% $230 / Sq Ft
06/02/2019 06/02/19 Price Changed $263,900 -2.2% $231 / Sq Ft
05/25/2019 05/25/19 For Sale $269,900 -- $236 / 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
2026 $567 $46,932 $30,461 $16,472
2025 $745 $46,198 $29,831 $16,367
2024 $721 $41,245 $25,106 $16,140
2023 $721 $39,480 $24,551 $14,929
2022 $700 $33,509 $21,357 $12,152
2021 $648 $27,411 $14,837 $12,574
2020 $605 $28,879 $15,845 $13,034
2019 $1,255 $28,807 $15,827 $12,980
2018 $1,001 $23,752 $10,673 $13,079
2017 $530 $23,536 $10,075 $13,461
2016 $861 $21,883 $7,781 $14,102
2015 $511 $20,354 $6,284 $14,070
2014 $508 $17,722 $3,924 $13,798
2013 -- $14,846 $2,959 $11,887
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 190007706

Northern Nevada Regional MLS

APN: 080-614-02