Park Tower Condos 280 Island Ave Unit 703 Reno, NV 89501
MidTown Neighborhood
2
Beds
2
Baths
1,321
Sq Ft
$1,454/mo
HOA Fee
Highlights
- Gated Community
- City View
- Deck
- Mount Rose K-8 School of Languages Rated A-
- River Nearby
- 1-minute walk to Barbara Bennett Park
About This Home
As of December 2024The best Truckee River views and Spectacular City views available in the heart of downtown Reno.This 2 bedroom 2 bath unit is located across from Wingfield Park and offers city living at its finest.It is walking distance to the movie theater,countless restaurants,entertainment,event,shows,casinos,gyms,art town and bars.On the 7th floor and has the most picture perfect windows.The balcony is a great place to enjoy the views and breathtaking sunsets! HOA covers water,sewer,trash A/c & heat. Electric separate, Great for investors looking to do Airbnb!! Park Towers is one of the only buildings left downtown to allow short term rentals. This unit has steady rental income history, please call me for more information. The condo offers spacious closet's and a lot of storage space! It is one of the lowest price per sqft 2 bedroom units in the core downtown area.
Last Agent to Sell the Property
Dickson Realty - Damonte Ranch License #S.47400 Listed on: 06/20/2020
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,166
Year Built
- Built in 1961
Lot Details
- Property fronts a private road
- Security Fence
- Landscaped
HOA Fees
Property Views
- Park or Greenbelt
Home Design
- Flat Roof Shape
- Slab Foundation
- Insulated Concrete Forms
- Stucco
Interior Spaces
- 1,321 Sq Ft Home
- 1-Story Property
- Drapes & Rods
- Blinds
- Great Room
- Open Floorplan
- Laundry Room
Kitchen
- Breakfast Bar
- Built-In Oven
- Electric Oven
- Electric Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Bathtub and Shower Combination in Primary Bathroom
Home Security
Outdoor Features
- River Nearby
- Deck
Location
- Mid level unit with steps
Schools
- Mt. Rose Elementary School
- Swope Middle School
- Reno High School
Utilities
- Refrigerated Cooling System
- Forced Air Heating and Cooling System
- Air Source Heat Pump
- Heating System Uses Natural Gas
- No 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 01147311
Community Details
Overview
- Association fees include insurance, utilities
- $250 HOA Transfer Fee
- Kenyon & Associates Association, Phone Number (775) 674-8000
- Maintained Community
- The community has rules related to covenants, conditions, and restrictions
Security
- Security Service
- Gated Community
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 22, 2024
Closed on
Dec 23, 2024
Sold by
Spalthoff Daniel Robert
Bought by
Wilson Family Trust and Wilson
Seller's Agent
Dan Berg
Sierra Nevada Properties-Reno
Buyer's Agent
Dan Berg
Sierra Nevada Properties-Reno
List Price
$329,000
Sold Price
$318,000
Premium/Discount to List
-$11,000
-3.34%
Views
114
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
$2,881
Avg. Annual Appreciation
1.54%
Purchase Details
Listed on
Jun 20, 2020
Closed on
Oct 19, 2020
Sold by
Vallier Susan D and Kenney Robert J
Bought by
Spalthoff Daniel Robert
Seller's Agent
Janae Scott
Dickson Realty - Damonte Ranch
Buyer's Agent
Dan Berg
Sierra Nevada Properties-Reno
List Price
$339,500
Sold Price
$290,000
Premium/Discount to List
-$49,500
-14.58%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.22%
Purchase Details
Closed on
May 30, 2006
Sold by
Kenney Heidi M
Bought by
Kenney Heidi M and Heidi Kenney Trust
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
Jul 12, 2005
Sold by
Cavin Donald Roy
Bought by
Kenney Wilma M and Kenney Robert J
Purchase Details
Closed on
Jul 7, 2005
Sold by
Kenney Laura A
Bought by
Kenney Robert J
Purchase Details
Closed on
Jul 6, 2005
Sold by
Vallier Garry T
Bought by
Vallier Susan D
Purchase Details
Closed on
Jul 22, 2003
Sold by
280 Island Avenue Llc
Bought by
Cavin Donald Roy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.15%
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.15%
Mortgage Type
Unknown
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 | $318,000 | First American Title | |
| Bargain Sale Deed | $318,000 | First American Title | |
| Bargain Sale Deed | $287,000 | First Centennial Title Reno | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | First American Title | |
| Bargain Sale Deed | $475,000 | Western Title Incorporated | |
| Interfamily Deed Transfer | -- | Western Title Incorporated | |
| Interfamily Deed Transfer | -- | Western Title Incorporated | |
| Interfamily Deed Transfer | -- | Western Title Incorporated | |
| Bargain Sale Deed | $180,000 | First American Title | |
| Bargain Sale Deed | $1,276,500 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $144,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2024 12/31/24 | Sold | $318,000 | -3.3% | $241 / Sq Ft |
| 12/31/2024 12/31/24 | For Sale | $329,000 | +3.5% | $249 / Sq Ft |
| 12/20/2024 12/20/24 | Off Market | $318,000 | -- | -- |
| 12/10/2024 12/10/24 | Pending | -- | -- | -- |
| 11/23/2024 11/23/24 | Price Changed | $329,000 | -5.7% | $249 / Sq Ft |
| 11/22/2024 11/22/24 | For Sale | $349,000 | +9.7% | $264 / Sq Ft |
| 11/21/2024 11/21/24 | Off Market | $318,000 | -- | -- |
| 11/14/2024 11/14/24 | Price Changed | $349,000 | -2.8% | $264 / Sq Ft |
| 11/08/2024 11/08/24 | Price Changed | $359,000 | -1.6% | $272 / Sq Ft |
| 11/07/2024 11/07/24 | For Sale | $365,000 | +14.8% | $276 / Sq Ft |
| 11/06/2024 11/06/24 | Off Market | $318,000 | -- | -- |
| 10/22/2024 10/22/24 | For Sale | $365,000 | +25.9% | $276 / Sq Ft |
| 10/20/2020 10/20/20 | Sold | $290,000 | -6.4% | $220 / Sq Ft |
| 10/03/2020 10/03/20 | Pending | -- | -- | -- |
| 09/18/2020 09/18/20 | Price Changed | $309,900 | -4.5% | $235 / Sq Ft |
| 08/15/2020 08/15/20 | Price Changed | $324,500 | -3.0% | $246 / Sq Ft |
| 07/21/2020 07/21/20 | Price Changed | $334,500 | -1.5% | $253 / Sq Ft |
| 06/30/2020 06/30/20 | For Sale | $339,500 | -- | $257 / 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 | $1,667 | $81,641 | $44,730 | $36,911 |
| 2024 | $1,667 | $80,699 | $43,890 | $36,809 |
| 2023 | $1,571 | $76,871 | $43,085 | $33,786 |
| 2022 | $1,411 | $60,478 | $32,795 | $27,683 |
| 2021 | $1,272 | $47,668 | $20,720 | $26,948 |
| 2020 | $1,221 | $51,056 | $23,905 | $27,151 |
| 2019 | $1,166 | $49,258 | $23,905 | $25,353 |
| 2018 | $1,076 | $38,258 | $13,405 | $24,853 |
| 2017 | $1,054 | $38,037 | $13,405 | $24,632 |
| 2016 | $1,019 | $33,698 | $9,590 | $24,108 |
| 2015 | $251 | $29,923 | $6,230 | $23,693 |
| 2014 | $1,003 | $33,248 | $6,230 | $27,018 |
| 2013 | -- | $26,031 | $7,105 | $18,926 |
Source: Public Records
Agents Affiliated with this Home
-
D
Seller's Agent in 2024
Dan Berg
Sierra Nevada Properties
-
J
Seller's Agent in 2020
Janae Scott
Dickson Realty
About Park Tower Condos
Map
Source: Northern Nevada Regional MLS
MLS Number: 200008078
APN: 011-473-11
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