Park Tower Condos 280 Island Ave Unit 1601 Reno, NV 89501
MidTown Neighborhood
2
Beds
2
Baths
1,544
Sq Ft
$1,204/mo
HOA Fee
Highlights
- Unit is on the top floor
- Gated Community
- River Nearby
- Mount Rose K-8 School of Languages Rated A-
- City View
- 1-minute walk to Barbara Bennett Park
About This Home
As of June 2024Welcome to Park Towers, and this exquisite 16th floor luxury condo nestled in the heart of downtown Reno. Situated along the Truckee River and directly across from Wingfield Park, this upscale, remodeled residence offers a truly exceptional living experience and the option to rent it out through AIRBNB! With two private balconies, it provides stunning panoramic sunsets & vistas that offer unparalleled perspective of the area's natural beauty & vibrant city life., Also provides you with a front row seat to concerts in the park. The owner has successfully placed this luxury 2 bedroom, 2 full bathroom condo on a rental program with Airbnb, consistently earning excellent reviews. Whether you're looking for an investment property or a residence to call your own, this condo presents an opportunity to indulge in the best of both worlds. Walking distance to many restaurants and downtown events. HOA covers hot and cold water, sewer, trash, heating & cooling, exterior maintenance. No natural gas in building. Park Towers has a conference room, library and party deck for your use. Underground parking spaces not included. You can sign up on a waiting list, to obtain a space for a fee. To see Airbnb reviews go to: Park Tower: Downtown Reno Penthouse on the River. Condo sold fully furnished to easily continue the booked reservations. (Game table and chairs NOT included in the furnishings.)
Last Agent to Sell the Property
Chase International-Damonte License #S.55752 Listed on: 04/13/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,814
Year Built
- Built in 1961
Lot Details
- Property fronts a private road
- Level Lot
HOA Fees
- $1,204 Monthly HOA Fees
Property Views
- Woods
- Park or Greenbelt
Home Design
- Flat Roof Shape
- Brick or Stone Mason
- Slab Foundation
- Masonry
- Stucco
Interior Spaces
- 1,544 Sq Ft Home
- 1-Story Property
- Furnished
- Double Pane Windows
- Blinds
- Great Room
- Living Room with Fireplace
- Combination Kitchen and Dining Room
Kitchen
- Breakfast Bar
- Electric Oven
- Electric Range
- <<microwave>>
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
- Bathtub and Shower Combination in Primary Bathroom
Laundry
- Laundry Room
- Laundry in Kitchen
- Dryer
- Washer
Home Security
Outdoor Features
- River Nearby
- Deck
Schools
- Mt. Rose Elementary School
- Swope Middle School
- Reno High School
Utilities
- Refrigerated Cooling System
- Forced Air Heating and Cooling System
- Electric Water Heater
- Phone Available
- Cable TV Available
Additional Features
- Stair Lift
- Unit is on the top floor
Listing and Financial Details
- Home warranty included in the sale of the property
- Assessor Parcel Number 01147601
Community Details
Overview
- $150 HOA Transfer Fee
- First Service Residential Association, Phone Number (775) 324-0777
- Maintained Community
- The community has rules related to covenants, conditions, and restrictions
Security
- Resident Manager or Management On Site
- Gated Community
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 13, 2024
Closed on
Jun 11, 2024
Sold by
Stephen M Thompson Trust and Thompson Stephen M
Bought by
Woodford Barbara and Levine Margaret
Seller's Agent
Thiele Rice Group
Chase International-Damonte
Buyer's Agent
Shauna Ganes
Chase International-Damonte
List Price
$665,000
Sold Price
$625,000
Premium/Discount to List
-$40,000
-6.02%
Views
40
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,043
Avg. Annual Appreciation
1.50%
Purchase Details
Listed on
Jul 20, 2021
Closed on
Aug 27, 2021
Sold by
Engler George Nichols and Engler Suzanne Jane
Bought by
Thompson Stephen M and Stephen M Thompson Trust
Seller's Agent
Theresa Thomson
Sierra Nevada Properties-Reno
Buyer's Agent
Jessica Johnson
RE/MAX Gold
List Price
$679,000
Sold Price
$640,000
Premium/Discount to List
-$39,000
-5.74%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.85%
Purchase Details
Closed on
May 13, 2010
Sold by
Engler George N and Engler Suzanne
Bought by
Engler George Nichols and Engler Suzanne Jane
Purchase Details
Closed on
Jun 30, 2004
Sold by
280 Island Avenue Llc
Bought by
Engler George N and Engler Suzanne
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
3.87%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Apr 6, 2004
Sold by
Johnson Kevin L and Johnson Rebecca G
Bought by
280 Island Avenue Llc
Purchase Details
Closed on
Apr 5, 2004
Sold by
Kromer Grady W and Kromer Cheryl L
Bought by
280 Island Avenue Llc
Similar Homes in Reno, NV
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $625,000 | First American Title | |
| Bargain Sale Deed | $640,000 | First Centennial Reno | |
| Interfamily Deed Transfer | -- | None Available | |
| Bargain Sale Deed | $440,000 | First American Title | |
| Bargain Sale Deed | -- | First American Title | |
| Bargain Sale Deed | $2,509,500 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $330,000 | Negative Amortization |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/12/2024 06/12/24 | Sold | $625,000 | -6.0% | $405 / Sq Ft |
| 05/11/2024 05/11/24 | Pending | -- | -- | -- |
| 04/12/2024 04/12/24 | For Sale | $665,000 | +3.9% | $431 / Sq Ft |
| 08/31/2021 08/31/21 | Sold | $640,000 | -5.7% | $415 / Sq Ft |
| 08/17/2021 08/17/21 | Pending | -- | -- | -- |
| 07/20/2021 07/20/21 | For Sale | $679,000 | -- | $440 / Sq Ft |
Source: Northern Nevada Regional MLS
Tax History Compared to Growth
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 | $1,929 | $89,146 | $44,730 | $44,416 |
| 2024 | $1,929 | $88,230 | $43,890 | $44,340 |
| 2023 | $1,814 | $83,717 | $43,085 | $40,632 |
| 2022 | $1,633 | $66,066 | $32,795 | $33,271 |
| 2021 | $1,479 | $53,119 | $20,720 | $32,399 |
| 2020 | $1,418 | $56,571 | $23,905 | $32,666 |
| 2019 | $1,353 | $54,427 | $23,905 | $30,522 |
| 2018 | $1,254 | $43,325 | $13,405 | $29,920 |
| 2017 | $1,229 | $43,026 | $13,405 | $29,621 |
| 2016 | $1,191 | $38,503 | $9,590 | $28,913 |
| 2015 | $588 | $34,808 | $6,230 | $28,578 |
| 2014 | $1,175 | $38,687 | $6,230 | $32,457 |
| 2013 | -- | $30,000 | $7,105 | $22,895 |
Source: Public Records
Agents Affiliated with this Home
-
Thiele Rice Group
Seller's Agent in 2024
Thiele Rice Group
Chase International-Damonte
(775) 846-0906
1 in this area
78 Total Sales
-
Shauna Ganes
Buyer's Agent in 2024
Shauna Ganes
Chase International-Damonte
(775) 530-6080
4 in this area
73 Total Sales
-
Theresa Thomson
Seller's Agent in 2021
Theresa Thomson
Sierra Nevada Properties
(775) 721-4582
1 in this area
137 Total Sales
-
J
Buyer's Agent in 2021
Jessica Johnson
RE/MAX
About Park Tower Condos
Map
Source: Northern Nevada Regional MLS
MLS Number: 240003994
APN: 011-476-01
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