Park Tower Condos 280 Island Ave Unit 1601 Reno, NV 89501
MidTown Neighborhood
2
Beds
2
Baths
1,544
Sq Ft
$895/mo
HOA Fee
Highlights
- Unit is on the top floor
- Two Primary Bedrooms
- City View
- Mount Rose K-8 School of Languages Rated A-
- Gated Community
- 1-minute walk to Barbara Bennett Park
About This Home
As of June 2024Luxurious penthouse located in the Riverwalk District of downtown Reno. Unobstructed views of the Truckee River, Wingfield Park and Sierra mountains. You can lounge on your patio and enjoy the summer concerts at Wingfield Park, the Sept. balloon festival and the snow on the Sierra's and Mt. Rose in the winter. 2 sliding glass doors to enjoy the 2 separate patios. Fully remodeled end unit with edged solid granite counter tops, marble fireplace, all new electric and lights, crown molding and 5" baseboards., Full-service elevator up to the unit. The 16th floor offers a large party deck, there is also a conference room and lobby on the first floor. 10 minutes from Reno/Tahoe airport. Seller had a professional company remove asbestos ceiling in the entire unit and texture with orange peel. Kitchen wall was removed to open it up. Closet inserts and plenty of closet space throughout.
Last Agent to Sell the Property
Sierra Nevada Properties-Reno License #S.70442 Listed on: 07/20/2021
Last Buyer's Agent
Jessica Johnson
RE/MAX Gold License #S.192085
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,929
Year Built
- Built in 1961
Lot Details
- Property fronts a private road
- Security Fence
- Landscaped
- Level Lot
HOA Fees
- $895 Monthly HOA Fees
Property Views
- Woods
- Desert
- 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
- Double Pane Windows
- Blinds
- Aluminum Window Frames
- Great Room
- Living Room with Fireplace
- Combination Kitchen and Dining Room
Kitchen
- Breakfast Bar
- <<builtInOvenToken>>
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Double Master Bedroom
- 2 Full Bathrooms
- Bathtub and Shower Combination in Primary Bathroom
Laundry
- Laundry in Kitchen
- Dryer
- Washer
Home Security
Parking
- Garage
- Assigned Parking
Outdoor Features
- River Nearby
- Patio
Location
- Unit is on the top floor
Schools
- Mt. Rose Elementary School
- Swope Middle School
- Reno High School
Utilities
- Refrigerated Cooling System
- Central Air
- Heating Available
- Electric Water Heater
- Internet Available
- Phone Available
- Cable TV Available
Listing and Financial Details
- Home warranty included in the sale of the property
- Assessor Parcel Number 01147601
Community Details
Overview
- $150 HOA Transfer Fee
- Kenyon And Associates Association, Phone Number (775) 674-8000
- Maintained Community
- The community has rules related to covenants, conditions, and restrictions
Amenities
- Clubhouse
Security
- Security Service
- Gated Community
- Fire and Smoke Detector
- Fire Sprinkler System
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
1.46%
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: 210010501
APN: 011-476-01
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