Park Tower Condos 280 Island Ave Unit 907 Reno, NV 89501
MidTown Neighborhood
--
Bed
1
Bath
440
Sq Ft
$343/mo
HOA Fee
Highlights
- City View
- Great Room
- Resident Manager or Management On Site
- Mount Rose K-8 School of Languages Rated A-
- Refrigerated Cooling System
- 1-minute walk to Barbara Bennett Park
About This Home
As of December 2024Discover downtown living at the Park Towers in the heart of Reno! Situated a stone's throw from the best restaurants, shopping and casinos that the city provides, this centrally located studio only one block from Midtown is a must-see. One of the ONLY condo buildings in downtown Reno that allows short-term rentals! Enjoy panoramic views of downtown Reno and the surrounding mountains that are sure to impress. Great for first time homebuyers or investors., HOA covers hot and cold water, sewer, trash, heating & cooling, exterior maintenance. A party deck, conference room and library are available. Furnishings are negotiable. Parking garage attached, current owner does have a parking spot, however new owner will need to pay a monthly fee to obtain one - there is currently a waiting list. Spaces can be rented through the HOA.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $694
Year Built
- Built in 1961
Lot Details
- Property fronts a private road
- Landscaped
- Front and Back Yard Sprinklers
- Sprinklers on Timer
HOA Fees
- $343 Monthly HOA Fees
Parking
- Common or Shared Parking
Property Views
- Woods
Home Design
- Flat Roof Shape
- Slab Foundation
- Stick Built Home
Interior Spaces
- 1 Full Bathroom
- 440 Sq Ft Home
- 4-Story Property
- Vinyl Clad Windows
- Drapes & Rods
- Great Room
- Laundry Room
Kitchen
- Built-In Oven
- Electric Oven
- Electric Cooktop
- Microwave
Flooring
- Laminate
- Ceramic Tile
Home Security
Location
- Mid level unit with steps
Schools
- Hunter Lake Elementary School
- Swope Middle School
- Reno High School
Utilities
- Refrigerated Cooling System
- Forced Air Heating and Cooling System
- Hot Water Heating System
- Gas Water Heater
- Internet Available
Listing and Financial Details
- Assessor Parcel Number 01147426
Community Details
Overview
- $150 HOA Transfer Fee
- First Service Residential Association, Phone Number (775) 624-8805
- Maintained Community
- The community has rules related to covenants, conditions, and restrictions
Security
- Resident Manager or Management On Site
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 3, 2024
Closed on
Dec 30, 2024
Sold by
Sessions Oscar A
Bought by
Cacy Simon
Seller's Agent
Jen McDonald
LPT Realty, LLC
Buyer's Agent
Sam Dykstra
RE/MAX Professionals-Reno
List Price
$215,000
Sold Price
$200,000
Premium/Discount to List
-$15,000
-6.98%
Total Days on Market
214
Views
190
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
$3,951
Avg. Annual Appreciation
4.44%
Purchase Details
Listed on
May 6, 2015
Closed on
Jul 20, 2015
Sold by
Sessions Deborah
Bought by
Sessions Oscar A
Seller's Agent
Marshall Carrasco
Marshall Realty
Buyer's Agent
Stacie Tprivate
Solid Source Realty
List Price
$110,000
Sold Price
$102,500
Premium/Discount to List
-$7,500
-6.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Purchase Details
Listed on
May 6, 2015
Closed on
Jun 15, 2015
Sold by
Fahy Stephen T
Bought by
Sessions Oscar A
Seller's Agent
Marshall Carrasco
Marshall Realty
Buyer's Agent
Stacie Tprivate
Solid Source Realty
List Price
$110,000
Sold Price
$102,500
Premium/Discount to List
-$7,500
-6.82%
Purchase Details
Closed on
Aug 7, 2003
Sold by
Shannon Patrick K
Bought by
Fahy Stephen T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,800
Interest Rate
5.46%
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 | $200,000 | Landmark Title | |
| Bargain Sale Deed | $200,000 | Landmark Title | |
| Interfamily Deed Transfer | -- | First Centennial Reno | |
| Bargain Sale Deed | $102,500 | First Centennial Reno | |
| Bargain Sale Deed | $83,500 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $66,800 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2024 12/31/24 | Sold | $200,000 | +0.1% | $455 / Sq Ft |
| 12/03/2024 12/03/24 | Pending | -- | -- | -- |
| 07/09/2024 07/09/24 | Price Changed | $199,900 | -7.0% | $454 / Sq Ft |
| 05/03/2024 05/03/24 | For Sale | $215,000 | +109.8% | $489 / Sq Ft |
| 07/21/2015 07/21/15 | Sold | $102,500 | -6.8% | $233 / Sq Ft |
| 05/16/2015 05/16/15 | Pending | -- | -- | -- |
| 05/06/2015 05/06/15 | For Sale | $110,000 | -- | $250 / 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 | $734 | $30,107 | $17,885 | $12,222 |
| 2024 | $734 | $29,931 | $17,745 | $12,186 |
| 2023 | $694 | $29,287 | $18,095 | $11,192 |
| 2022 | $643 | $20,860 | $11,690 | $9,170 |
| 2021 | $606 | $17,816 | $8,890 | $8,926 |
| 2020 | $571 | $17,286 | $8,295 | $8,991 |
| 2019 | $545 | $16,689 | $8,295 | $8,394 |
| 2018 | $521 | $15,568 | $6,930 | $8,638 |
| 2017 | $494 | $15,900 | $6,930 | $8,970 |
| 2016 | $494 | $14,751 | $5,565 | $9,186 |
| 2015 | $367 | $13,643 | $4,235 | $9,408 |
| 2014 | $480 | $13,651 | $2,870 | $10,781 |
| 2013 | -- | $10,652 | $2,695 | $7,957 |
Source: Public Records
Agents Affiliated with this Home
-
Jen McDonald
Seller's Agent in 2024
Jen McDonald
LPT Realty, LLC
(775) 544-1328
1 in this area
26 Total Sales
-
Sam Dykstra
Buyer's Agent in 2024
Sam Dykstra
RE/MAX
(775) 338-5585
3 in this area
50 Total Sales
-
Marshall Carrasco
Seller's Agent in 2015
Marshall Carrasco
Marshall Realty
(775) 787-7400
143 Total Sales
-
Stacie Tprivate
Buyer's Agent in 2015
Stacie Tprivate
Solid Source Realty
(775) 530-3009
19 Total Sales
-
S
Buyer's Agent in 2015
Stacie Tatman
Solid Source Realty
About Park Tower Condos
Map
Source: Northern Nevada Regional MLS
MLS Number: 240005088
APN: 011-474-26
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