Park Tower Condos 280 Island Ave Unit 1802 Reno, NV 89501
MidTown Neighborhood
1
Bed
1
Bath
454
Sq Ft
$754/mo
HOA Fee
Highlights
- Views of Ski Resort
- Unit is on the top floor
- River Nearby
- Mount Rose K-8 School of Languages Rated A-
- Gated Community
- 1-minute walk to Barbara Bennett Park
About This Home
As of May 2025Investor Alert: Penthouse Living in the Heart of Downtown Reno. Welcome to a rare opportunity to own a top floor penthouse suite in the iconic Park Towers at 280 Island Ave Suite 1802. This charming 1 bedroom, 1 bath luxury unit offers 454 sq ft of thoughtfully designed space that exemplifies the breathtaking views os South Reno and Mt. Rose. Watch the sunrise and enjoy the blue skies as well as the storms over the Sierras. This unit needs a lot of work and is priced for a very unique investment that, will also accomodate airbnb opportunities.
Last Agent to Sell the Property
Dickson Realty - Downtown License #S.176937 Listed on: 05/02/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $713
Year Built
- Built in 1961
Lot Details
- Property fronts a private road
- Landscaped
- Open Lot
HOA Fees
Parking
- 1 Car Attached Garage
- Parking Available
- Common or Shared Parking
- Garage Door Opener
- Assigned Parking
Property Views
- Ski Resort
- Golf Course
- Woods
- Peek-A-Boo
- Desert
- Valley
- Park or Greenbelt
Home Design
- Flat Roof Shape
- Brick Foundation
- Pillar, Post or Pier Foundation
- Stick Built Home
- Stucco
Interior Spaces
- 454 Sq Ft Home
- 4-Story Property
- Double Pane Windows
- Drapes & Rods
- Blinds
- Aluminum Window Frames
- Great Room
- Combination Kitchen and Dining Room
- Smart Thermostat
Kitchen
- Built-In Oven
- Electric Oven
- Electric Cooktop
- Dishwasher
Flooring
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
- Primary Bathroom includes a Walk-In Shower
Outdoor Features
- River Nearby
- Patio
Schools
- Mt. Rose Elementary School
- Swope Middle School
- Reno High School
Utilities
- Refrigerated Cooling System
- Forced Air Heating and Cooling System
- Gas Water Heater
- Internet Available
- 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 01147610
- $154 per year additional tax assessments
Community Details
Overview
- Association fees include insurance, utilities
- $150 HOA Transfer Fee
- First Service Residential Association, Phone Number (775) 624-8805
- Reno Community
- Park Towers Subdivision
- On-Site Maintenance
- Maintained Community
- The community has rules related to covenants, conditions, and restrictions
Amenities
- No Laundry Facilities
Security
- Security Service
- Resident Manager or Management On Site
- Gated Community
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2025
Closed on
May 2, 2025
Sold by
Benke Family Trust and Benke Michael R
Bought by
Faedi Brandon
Seller's Agent
Timothy O'Brien
Dickson Realty - Downtown
Buyer's Agent
John McGraw
eXp Realty
List Price
$180,000
Sold Price
$185,000
Premium/Discount to List
$5,000
2.78%
Total Days on Market
3
Views
3
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
152.81%
Original Mortgage
$175,000
Outstanding Balance
$174,852
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$37,761
Purchase Details
Closed on
Mar 14, 2018
Sold by
Benke Michael R and Benke Victoria K
Bought by
Benke Michael R and Benke Victoria K
Purchase Details
Closed on
Jun 23, 2004
Sold by
Carmo Martin E
Bought by
Benke Michael R and Benke Victoria K
Purchase Details
Closed on
Jun 22, 2004
Sold by
280 Island Avenue Llc
Bought by
Carmo Martin E
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 | $185,000 | First American Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Bargain Sale Deed | $120,000 | First American Title | |
| Bargain Sale Deed | $100,000 | 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 |
|---|---|---|---|
| Open | $175,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Sold | $185,000 | +2.8% | $407 / Sq Ft |
| 05/02/2025 05/02/25 | For Sale | $180,000 | -- | $396 / 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 | $713 | $30,804 | $17,885 | $12,919 |
| 2024 | $713 | $30,637 | $17,745 | $12,892 |
| 2023 | $675 | $29,908 | $18,095 | $11,813 |
| 2022 | $600 | $21,368 | $11,690 | $9,678 |
| 2021 | $550 | $18,312 | $8,890 | $9,422 |
| 2020 | $518 | $17,797 | $8,295 | $9,502 |
| 2019 | $495 | $17,171 | $8,295 | $8,876 |
| 2018 | $470 | $15,633 | $6,930 | $8,703 |
| 2017 | $452 | $15,547 | $6,930 | $8,617 |
| 2016 | $439 | $13,974 | $5,565 | $8,409 |
| 2015 | $109 | $12,530 | $4,235 | $8,295 |
| 2014 | $423 | $12,298 | $2,870 | $9,428 |
| 2013 | -- | $9,339 | $2,695 | $6,644 |
Source: Public Records
Agents Affiliated with this Home
-
Timothy O'Brien
Seller's Agent in 2025
Timothy O'Brien
Dickson Realty
(775) 233-0160
4 in this area
84 Total Sales
-
John McGraw
J
Buyer's Agent in 2025
John McGraw
eXp Realty
(415) 717-1409
1 in this area
2 Total Sales
About Park Tower Condos
Map
Source: Northern Nevada Regional MLS
MLS Number: 250005781
APN: 011-476-10
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