NOT LISTED FOR SALE

Park Tower Condos 280 Island Ave Unit 306 Reno, NV 89501

MidTown Neighborhood

Estimated Value: $278,000 - $396,000

1 Bed
1.5 Baths
801 Sq Ft
$560/mo HOA Fee

Last Sold October 11, 2023

Last sale price $267,000 $333 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,403/month

2 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Mount Rose K-8 School of Languages Rated A-
  • 1-minute walk to Barbara Bennett Park

About This Home

As of October 2023

Right in the heart of downtown Reno with views of the Truckee River and walk distancing to restaurants, bars, and nightlife. This is one of 4 units that has a back patio. Ideal Airbnb opportunity.

Last Agent to Sell the Property

Mi Gentner

RE/MAX Gold License #S.172048 Listed on: 09/29/2023

RE/MAX Gold

Last Buyer's Agent

Kristin Ryan

Dickson Realty - Caughlin License #S.194131

Dickson Realty - Caughlin

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $843

Year Built

  • Built in 1961

Lot Details

  • 436

HOA Fees

  • $560 per month

Home Design

  • 801 Sq Ft Home
  • Flat Roof Shape

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom

Schools

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

Utilities

  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 01147206

Property Details

Home Type

Condominium

Est. Annual Taxes

$843

Year Built

Built in 1961

Lot Details

0

HOA Fees

$560 per month

Listing Details

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

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Oven, Refrigerator
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Elevator, Lift or Stair Chair, Pantry
  • Window Features: Blinds, Double Pane Windows, Metal Frames

Exterior Features

  • Exterior Features: None
  • Roof: Flat
  • Stories: 1
  • View: Mountain(s)
  • Construction Type: Brick, Stucco
  • Foundation Details: Slab
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: Garage, None

Utilities

  • Utilities: Electricity Available, Internet Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: Common Area, In Bathroom, Laundry Area
  • Cooling: Central Air, Refrigerated
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Middle Or Junior School: Swope

Lot Info

  • Parcel Number: 01147206
  • Fencing: None
  • Lot Size Sq Ft: 435.6
  • Zoning: MD-RD

Tax Info

  • Tax Annual Amount: 843.22

MLS Schools

  • Elementary School: Mt. Rose
  • HighSchool: Reno

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2023
Closed on
Oct 10, 2023
Sold by
Fuess Michael J
Bought by
Island Avenue 306 Llc
Seller's Agent
Mi Gentner
RE/MAX Gold
Buyer's Agent
Kristin Ryan
Dickson Realty - Caughlin
List Price
$285,000
Sold Price
$267,000
Premium/Discount to List
-$18,000
-6.32%
Total Days on Market
2
Views
20
Current Estimated Value
$313,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,909
Avg. Annual Appreciation
10.31%

Purchase Details

Closed on
Aug 9, 2005
Sold by
Kromer Grady W and Kromer Cheryl L
Bought by
280 Island Avenue Llc

Purchase Details

Closed on
Aug 2, 2004
Sold by
280 Island Avenue Llc
Bought by
Fuess Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,200
Interest Rate
5.76%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 18, 2003
Sold by
Kromer Grady W and Kromer Cheryl L
Bought by
280 Island Avenue Llc
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
Island Avenue 306 Llc $267,000 First American Title
280 Island Avenue Llc -- First American Title
Fuess Michael J $184,000 First American Title
280 Island Avenue Llc $1,896,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fuess Michael J $26,130
Previous Owner Fuess Michael J $214,400
Previous Owner Fuess Michael J $147,200
Closed Fuess Michael J $36,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2023 10/11/23 Sold $267,000 -6.3% $333 / Sq Ft
09/30/2023 09/30/23 Pending -- -- --
09/28/2023 09/28/23 For Sale $285,000 -- $356 / 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 $969 $51,896 $29,155 $22,741
2024 $969 $51,637 $28,945 $22,692
2023 $896 $44,807 $24,010 $20,797
2022 $843 $36,813 $19,775 $17,038
2021 $812 $34,053 $17,465 $16,588
2020 $786 $33,141 $16,415 $16,726
2019 $763 $32,039 $16,415 $15,624
2018 $720 $25,329 $10,010 $15,319
2017 $700 $24,444 $9,275 $15,169
2016 $680 $22,195 $7,385 $14,810
2015 $673 $20,447 $5,845 $14,602
2014 $673 $22,457 $5,845 $16,612
2013 -- $14,455 $3,500 $10,955
Source: Public Records

Agents Affiliated with this Home

  • Mi Gentner

    Seller's Agent in 2023

    Mi Gentner

    RE/MAX

    (775) 741-4227

    5 in this area

    77 Total Sales

    Mi Gentner
    Section Image
  • Kristin Ryan

    Buyer's Agent in 2023

    Kristin Ryan

    Dickson Realty

    (775) 501-0361

    1 in this area

    63 Total Sales

    Kristin Ryan
    Section Image
See All Agents

About Park Tower Condos

Map

Source: Northern Nevada Regional MLS

MLS Number: 230011447

Northern Nevada Regional MLS

APN: 011-472-06

Nevada Washoe County Reno 89501 MidTown

280 Island Ave Unit 306, Reno, NV

This home is located at 280 Island Ave Unit 306, Reno, NV 89501 since 29 September 2023 and is currently estimated at $313,909, approximately $391 per square foot. This property was built in 1961. 280 Island Ave Unit 306 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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