NOT LISTED FOR SALE

Park Tower Condos 280 Island Ave Unit 1701 Reno, NV 89501

MidTown Neighborhood

Estimated Value: $618,000 - $800,687

2 Beds
2 Baths
1,904 Sq Ft
$1,094/mo HOA Fee

Last Sold August 18, 2015

Last sale price $395,000 $207 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $5,424/month

14 Days on Market

Highlights

  • City View
  • Wood Flooring
  • 1-minute walk to Barbara Bennett Park
  • Mount Rose K-8 School of Languages Rated A-

About This Home

As of August 2015

"Roof Top Penthouse" This lavish and immaculate downtown penthouse is priced to sell and wont last long. Downtown entertainment is all around you whether enjoying a concert in the park from your roof top balcony, watch fireworks at the baseball stadium in your master bedroom, or take in a sunset behind the sierra Nevada mountains while you cook dinner in your kitchen. You will not find a more convenient property to freeway access, shopping, museums, skiing, fishing, kayaking and so much more! It's all here., • 2 Bedroom Suites * Slab Granite Counter Tops * Hard Wood Floors * Up-Graded Carpet and Pad * Patio Sun Deck * Full Laundry Room *Outside Balcony North-Facing Wingfield Park *10 minutes from the International Airport. • Views from the 17th floor of the Park Tower Building: Mt. Rose & the Sierra Nevada Mountain Range, Truckee River, downtown Reno, Peavine Mountain and the Desert Foothills, Old Southwest Reno and Virginia range. • Skiing Tahoe: Mount Rose Ski resort. 24.4 miles * North Star Ski Resort 37.4 miles * Heavenly Ski Resort 58 miles * Squaw Valley, home of the 1960 Winter Olympics 43.4 miles • Walking Distance: Saint Mary’s Hospital, Tennis Courts, Basketball courts, Restaurants/Bars, Museums, Cinema, Bruka and Pioneer Theaters (Broadway), Reno Courthouse, Reno/Sparks Convention Center, Casinos, Aces AAA baseball Stadium which can also be seen from the balcony, National Bowling Stadium. • Convenient parking.

Last Agent to Sell the Property

Frank Picone

RE/MAX Gold License #S.169095 Listed on: 05/13/2015

RE/MAX Gold

Last Buyer's Agent

Deni Wilson

Ink Realty License #BS.146450

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,738

Year Built

  • Built in 1961

HOA Fees

  • $1,094 per month

Home Design

  • Flat Roof Shape

Interior Spaces

  • 1,904 Sq Ft Home

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Mt. Rose Elementary School
  • Swope Middle School
  • Reno High School

Listing and Financial Details

  • Assessor Parcel Number 01147605

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,738

Year Built

Built in 1961

Lot Details

0

HOA Fees

$1,094 per month

Listing Details

  • Year Built: 1961
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Horses: No
  • Road Frontage Type: Other
  • Co List Office Mls Id: 1514-o
  • Co List Office Phone: 775-787-3629
  • Directions: Arlington, Island
  • Property Attached Yn: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Washer
  • Flooring: Carpet, Ceramic Tile, Wood
  • Other Equipment: Intercom
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Kitchen Island, Pantry, Primary Downstairs, Walk-In Closet(s)
  • Window Features: Blinds, Double Pane Windows, Drapes, Metal Frames, Rods

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Flat, Shingle
  • Stories: 1
  • View: City, Mountain(s), Park/Greenbelt, Peek, Trees/Woods
  • Construction Type: Asbestos, Stucco
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Assigned, Garage

Utilities

  • Utilities: Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: Cabinets, Laundry Area, Laundry Room, Shelves, Sink
  • Cooling: Central Air, Refrigerated, Wall/Window Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Middle Or Junior School: Swope

Lot Info

  • Parcel Number: 01147605
  • Fencing: None
  • Zoning: MUDR

Tax Info

  • Tax Annual Amount: 1738.12

MLS Schools

  • Elementary School: Mt. Rose
  • HighSchool: Reno

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2021
Sold by
Amore Commercial Properties Llc
Bought by
Fiorillo Paul E and Fiorillo Rhonda
Total Days on Market
14
Current Estimated Value
$729,172

Purchase Details

Closed on
Sep 30, 2019
Sold by
Fiorillo Rhonda L and Fiorillo Paul E
Bought by
Amore Commercial Properties Llc

Purchase Details

Listed on
May 13, 2015
Closed on
Jul 30, 2015
Sold by
Latham Larry
Bought by
Fiorillo Rhonda L and Fiorillo Paul E
Seller's Agent
Frank Picone
RE/MAX Gold
Buyer's Agent
Deni Wilson
Ink Realty
List Price
$395,000
Sold Price
$395,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.46%
Original Mortgage
$296,250
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2005
Sold by
Kl & J Management Co
Bought by
Buchbinder Jane Ellen and Latham Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 16, 2004
Sold by
280 Island Avenue Llc
Bought by
Kl & J Management Co

Purchase Details

Closed on
Apr 5, 2004
Sold by
Kromer Grady W and Kromer Cheryl L
Bought by
280 Island Avenue Llc

Purchase Details

Closed on
Feb 23, 2004
Sold by
280 Island Avenue Llc
Bought by
Kromer Grady W and Kromer Cheryl L
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 Buyer Sale Price Title Company
Fiorillo Paul E $220,753 Advantage Title Llc
Amore Commercial Properties Llc -- None Available
Fiorillo Rhonda L -- None Available
Fiorillo Rhonda L $395,000 First Centennial Reno
Buchbinder Jane Ellen $500,000 First American Title
Kl & J Management Co $500,000 --
280 Island Avenue Llc $2,509,500 First American Title
Kromer Grady W $315,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fiorillo Rhonda L $296,250
Previous Owner Buchbinder Jane Ellen $53,000
Previous Owner Buchbinder Jane Ellen $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2015 08/18/15 Sold $395,000 0.0% $207 / Sq Ft
05/27/2015 05/27/15 Pending -- -- --
05/13/2015 05/13/15 For Sale $395,000 -- $207 / 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 $2,840 $124,136 $70,525 $53,611
2024 $2,840 $123,336 $69,860 $53,477
2023 $2,670 $117,658 $68,565 $49,093
2022 $2,462 $105,870 $65,660 $40,210
2021 $2,192 $77,264 $38,115 $39,149
2020 $2,081 $77,549 $38,115 $39,434
2019 $1,987 $74,944 $38,115 $36,829
2018 $1,852 $61,154 $25,060 $36,094
2017 $1,819 $60,834 $25,060 $35,774
2016 $1,770 $55,780 $20,755 $35,025
2015 $1,744 $49,975 $15,505 $34,470
2014 $1,738 $54,768 $15,505 $39,263
2013 -- $43,022 $15,505 $27,517
Source: Public Records

Agents Affiliated with this Home

  • Frank Picone

    Seller's Agent in 2015

    Frank Picone

    RE/MAX

    (775) 691-1348

    90 Total Sales

    Frank Picone
    Section Image
  • Deni Wilson

    Buyer's Agent in 2015

    Deni Wilson

    Ink Realty

    (775) 240-3060

    57 Total Sales

    Deni Wilson
    Section Image
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About Park Tower Condos

Map

Source: Northern Nevada Regional MLS

MLS Number: 150006660

Northern Nevada Regional MLS

APN: 011-476-05

Nevada Washoe County Reno 89501 MidTown

280 Island Ave Unit 1701, Reno, NV

This home is located at 280 Island Ave Unit 1701, Reno, NV 89501 since 13 May 2015 and is currently estimated at $729,172, approximately $382 per square foot. This property was built in 1961. 280 Island Ave Unit 1701 is a home located in Washoe County with nearby schools including Mount Rose K-8 School of Languages, Darrell C Swope Middle School, and Reno High School.

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