$195,000
SOLD JAN 27, 2017

275 Palace Dr Reno, NV 89506

3 Beds
1.5 Baths
1,008 Sq Ft
0.26 Acres

Recently Sold

$193 Per Sq Ft

15% Below List Price

169 Days on Market

Highlights

  • Barn
  • Mountain View
  • No HOA
  • RV Access or Parking
  • Separate Formal Living Room
  • 1 Car Attached Garage

About This Home

As of December 2019

Great little house, mature landscaping, very private back yard with swing set and shed. Access to open space, go hiking out your back yard. Quite neighborhood, close to shopping, schools and down town. New windows with low E, cute kitchen just painted waiting for a new cook.

Last Agent to Sell the Property

Judy Hilton

Ferrari-Lund Real Estate Reno License #S.46846 Listed on: 07/01/2016

Last Buyer's Agent

Leslie Gamble

Ferrari-Lund Real Estate Reno License #S.179255

Ferrari-Lund Real Estate Reno

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $493

Year Built

  • Built in 1972

Lot Details

  • 0.26 Acre Lot
  • Back Yard Fenced
  • Landscaped
  • Level Lot
  • Open Lot

Parking

  • 1 Car Attached Garage
  • RV Access or Parking

Property Views

  • Mountain
  • Desert
  • Valley

Home Design

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

Interior Spaces

  • 1,008 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Drapes & Rods
  • Separate Formal Living Room
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Fire and Smoke Detector
  • Laundry in Kitchen

Kitchen

  • Built-In Oven
  • Electric Oven
  • Electric Range

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

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

Utilities

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

Additional Features

  • Outbuilding
  • Barn

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 08056107

Home Details

Home Type

Single Family

Est. Annual Taxes

$493

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, Level, Open Lot, Sloped Up
  • Lot Size Acres: 0.26
  • 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: 643-o
  • Co List Office Phone: 775-688-4000
  • Directions: Lemmon Drive
  • Has Fireplace?: No
  • Living Area: 1008.0
  • 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: 493.0
  • Tax Legal Zoning4: SFR
  • 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: 0.26
  • Lot Lot Size Square Feet2: 11325.6
  • Lot Horse Y N2: No
  • Lot View Y N2: Yes
  • Fencing Back Yard: Yes
  • Lot Features Landscaped: Yes
  • Foundation Details Crawl Space: Yes
  • Lot Features Level: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Typeof Construction Site Stick- Built: Yes
  • Water Rights Water Rights Y N: No
  • Other Structures Barn(s): Yes
  • Security Features Smoke Detector(s): Yes
  • View Mountain(s): Yes
  • Lot Features Sloped Up: Yes
  • Water Heater Gas5: Yes
  • Lot Features Open Lot: Yes
  • View Desert: Yes
  • View Valley: Yes
  • Appliances Electric Range: Yes
  • Appliances Electric Oven: Yes
  • Appliances Included As Personal Property Oven2: Yes
  • Construction Materials Fiber Cement: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Oven, Electric Range, Oven, Refrigerator
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Pantry
  • Window Features: Double Pane Windows, Drapes, Low-Emissivity Windows, Vinyl Frames
  • Interior Bathrooms Half: 1
  • Interior Living Area4: 1008.0
  • Interior Fireplace Y N: No
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Laundry Features In Kitchen: Yes
  • Living Room Features Separate Formal Room: Yes
  • Window Features Drapes: Yes
  • Flooring Ceramic Tile: Yes
  • Dining Room Features Kitchen Combination: Yes
  • Window Features Low- Emissivity Windows: Yes
  • Flooring Laminate: 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: Fiber Cement, Wood Siding
  • Foundation Details: Crawl Space
  • Other Structures: Barn(s), Outbuilding
  • Construction Materials Wood Siding: Yes
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes
  • Other Structures Outbuilding: Yes

Garage/Parking

  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Garage Spaces: 1.0
  • Has Attached Garage?: Yes
  • Parking Features: Attached, RV Access/Parking
  • 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
  • Parking Features R V Access Parking: Yes

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Water Meter Installed
  • Water Source: Public
  • Laundry Features: In Kitchen
  • Heating: Forced Air, 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
  • Utilities Water Meter Installed: Yes
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes

Schools

  • Middle Or Junior School: OBrien

Lot Info

  • Parcel Number: 08056107
  • Fencing: Back Yard
  • Lot Size Sq Ft: 11325.6
  • Zoning: SFR

Tax Info

  • Tax Annual Amount: 493.0

MLS Schools

  • Elementary School: Lemmon Valley
  • HighSchool: North Valleys

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2023
Sold by
Lopez Martin
Bought by
Archer Luke
Current Estimated Value
$374,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,350
Outstanding Balance
$252,616
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$115,761

Purchase Details

Listed on
Jul 1, 2016
Closed on
Jan 27, 2017
Sold by
Hart Bradley A
Bought by
Marrone Randall and Humphrey Tiffany
Seller's Agent
Judy Hilton
Ferrari-Lund Real Estate Reno
Buyer's Agent
Leslie Gamble
Ferrari-Lund Real Estate Reno
List Price
$230,000
Sold Price
$195,000
Premium/Discount to List
-$35,000
-15.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.68%
Original Mortgage
$191,468
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
May 11, 2004
Sold by
Hart Bradley A and Hart Terrie J
Bought by
Hart Bradley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
4.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 23, 1998
Sold by
Hart Terrie
Bought by
Hart Bradley A

Purchase Details

Closed on
Oct 21, 1998
Sold by
Ling Marjorie
Bought by
Hart Bradley A and Hart Terrie
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 Type Sale Price Title Company
Bargain Sale Deed $273,000 Stewart Title
Bargain Sale Deed $195,000 First Centennial Reno
Interfamily Deed Transfer -- Founders Title Company Of Nv
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $259,350 New Conventional
Previous Owner $240,731 New Conventional
Previous Owner $191,468 FHA
Previous Owner $97,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2019 12/24/19 Sold $252,000 +0.8% $250 / Sq Ft
11/13/2019 11/13/19 Pending -- -- --
11/08/2019 11/08/19 For Sale $250,000 +28.2% $248 / Sq Ft
01/27/2017 01/27/17 Sold $195,000 -15.2% $193 / Sq Ft
12/17/2016 12/17/16 Pending -- -- --
07/01/2016 07/01/16 For Sale $230,000 -- $228 / 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 $679 $47,108 $31,488 $15,621
2024 $679 $41,942 $26,500 $15,442
2023 $663 $40,167 $25,915 $14,252
2022 $611 $34,146 $22,544 $11,603
2021 $594 $27,645 $15,661 $11,984
2020 $578 $29,164 $16,725 $12,439
2019 $561 $28,203 $15,827 $12,376
2018 $537 $23,177 $10,673 $12,504
2017 $512 $22,955 $10,075 $12,880
2016 $644 $21,259 $7,781 $13,478
2015 $493 $19,683 $6,284 $13,399
2014 $490 $17,095 $3,924 $13,171
2013 -- $14,317 $2,959 $11,358
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 160009761

Northern Nevada Regional MLS

APN: 080-561-07