NOT LISTED FOR SALE

285 Palace Dr Reno, NV 89506

Estimated Value: $397,000 - $424,000

4 Beds
2 Baths
1,144 Sq Ft
$354/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $310,000 $271 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,261/month

3 Days on Market

Highlights

  • Mountain View
  • Separate Formal Living Room
  • 1 Car Attached Garage
  • Wood Flooring
  • No HOA
  • Double Pane Windows

About This Home

As of January 2021

Lemmon Valley home with hardwood floors and ceramic tile in both bathrooms. Stainless steel appliances and double pane vinyl frame windows. Nice views from both the front and the back. There is access to the backyard to store an RV, toys or equipment. Please contact Laura Ann at 775 224 4000 with any Questions. Coming soon No Showing until 12/12/2020, The home will not be cleaned/sanitized between showings. All buyers, buyer’s agents, and all others are entering at their own risk. Seller is a licensed Real Estate Agent in Nevada. Coming soon No Showing until 12/12/2020

Last Agent to Sell the Property

Eric Crosby

RE/MAX Gold License #B.1887 Listed on: 12/04/2020

RE/MAX Gold

Last Buyer's Agent

Elizabeth Soto

Reno Tahoe Home Group License #S.190296

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $626

Year Built

  • Built in 1972

Lot Details

  • 0.26 Acre Lot
  • Landscaped
  • Property is zoned MDS

Parking

  • 1 Car Attached Garage

Property Views

  • Mountain
  • Desert

Home Design

  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,144 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Blinds
  • Separate Formal Living Room
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen

Schools

  • Lemmon Valley Elementary School
  • Obrien Middle School
  • North Valleys High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 08056106

Home Details

Home Type

Single Family

Est. Annual Taxes

$626

Year Built

Built in 1972

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1972
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: No
  • Lot Features: Landscaped
  • Lot Size Acres: 0.26
  • Road Frontage Type: Other
  • Has View?: Yes
  • Security Features: Smoke Detector(s)
  • Association Amenities: None
  • Has H O A?: No
  • Co List Office Mls Id: 1514-o
  • Co List Office Phone: 775-787-3629
  • Directions: Lemmon Drive to Palace
  • Has Fireplace?: No
  • Living Area: 1144.0
  • Property Attached Yn: No
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Lemmon Valley
  • Tax Legal Middle Or Junior School2: OBrien
  • Tax Legal High School: North Valleys
  • Tax Legal Tax Annual Amount: 626.36
  • Tax Legal Zoning4: MDS
  • Association Community Association Y N3: No
  • Building Stories5: 1
  • Building Property Attached Y N: No
  • Building Home Warranty Y N: Yes
  • Lot Lot Size Acres2: 0.26
  • Lot Lot Size Square Feet2: 11325.6
  • Lot Horse Y N2: No
  • Lot View Y N2: Yes
  • Lot Features Landscaped: Yes
  • Foundation Details Crawl Space: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Typeof Construction Site Stick- Built: Yes
  • Water Rights Water Rights Y N: No
  • Security Features Smoke Detector(s): Yes
  • View Mountain(s): Yes
  • Appliances Microwave: Yes
  • Water Heater Gas5: Yes
  • View Desert: Yes
  • Appliances Electric Range: Yes
  • Appliances Electric Oven: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Oven, Electric Range, Microwave, Refrigerator
  • Flooring: Ceramic Tile, Tile, Vinyl, Wood
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Interior Amenities: Pantry, Walk-In Closet(s)
  • Window Features: Blinds, Double Pane Windows, Low-Emissivity Windows, Vinyl Frames
  • Interior Living Area4: 1144.0
  • Interior Fireplace Y N: No
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Laundry Features In Kitchen: Yes
  • Living Room Features Separate Formal Room: Yes
  • Window Features Blinds: Yes
  • Primary Bedroom Features Shower Stall: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Wood: Yes
  • Laundry Features Laundry Area: Yes
  • Dining Room Features Kitchen Combination: Yes
  • Interior Features Walk- In Closet(s): Yes
  • Window Features Low- Emissivity Windows: Yes
  • Kitchen Features Built- In Microwave: Yes
  • Primary Bedroom Features Walk- In Closet(s)2: Yes
  • Flooring Tile: Yes
  • Flooring Vinyl: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • View: Desert, Mountain(s)
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Construction Materials Wood Siding: Yes
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Garage Spaces: 1.0
  • Has Attached Garage?: Yes
  • Parking Features: Attached
  • Total Parking Spaces: 1.0
  • Parking Information Garage Y N: Yes
  • Parking Information Garage Spaces: 1.0
  • Parking Information Carport Y N: No
  • Parking Information Parking Total: 1.0
  • Parking Features Attached: Yes

Utilities

  • Utilities: Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available, Water Meter Installed
  • Water Source: Public
  • Laundry Features: In Kitchen, Laundry Area
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Heating Y N3: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Water Meter Installed: Yes
  • Utilities Internet Available: Yes
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes

Schools

  • Middle Or Junior School: OBrien

Lot Info

  • Parcel Number: 08056106
  • Fencing: None
  • Lot Size Sq Ft: 11325.6
  • Zoning: MDS

Tax Info

  • Tax Annual Amount: 626.36

MLS Schools

  • Elementary School: Lemmon Valley
  • HighSchool: North Valleys

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2020
Closed on
Jan 28, 2021
Sold by
Grunenwald Paul and Grunenwald Laura Ann
Bought by
Ramirez Vicente
Seller's Agent
Eric Crosby
RE/MAX Gold
Buyer's Agent
Elizabeth Soto
Reno Tahoe Home Group
List Price
$305,000
Sold Price
$310,000
Premium/Discount to List
$5,000
1.64%
Current Estimated Value
$404,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,922
Avg. Annual Appreciation
6.01%
Original Mortgage
$304,385
Outstanding Balance
$272,721
Interest Rate
2.67%
Mortgage Type
FHA
Estimated Equity
$132,201

Purchase Details

Listed on
Dec 4, 2020
Closed on
Jan 23, 2021
Sold by
Grunenwald Paul and Grunenwald Laura Ann
Bought by
Ramirez Vicente
Seller's Agent
Eric Crosby
RE/MAX Gold
Buyer's Agent
Elizabeth Soto
Reno Tahoe Home Group
List Price
$305,000
Sold Price
$310,000
Premium/Discount to List
$5,000
1.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,385
Outstanding Balance
$272,721
Interest Rate
2.67%
Mortgage Type
FHA
Estimated Equity
$132,201

Purchase Details

Listed on
Dec 4, 2020
Closed on
Jan 21, 2021
Sold by
Sanchez Galindo Johana
Bought by
Ramirez Vicente
Seller's Agent
Eric Crosby
RE/MAX Gold
Buyer's Agent
Elizabeth Soto
Reno Tahoe Home Group
List Price
$305,000
Sold Price
$310,000
Premium/Discount to List
$5,000
1.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,385
Outstanding Balance
$272,721
Interest Rate
2.67%
Mortgage Type
FHA
Estimated Equity
$132,201

Purchase Details

Listed on
Jan 30, 2018
Closed on
Mar 22, 2018
Sold by
Grunewald Paul
Bought by
Grunenwald Paul and Grunenwald Laura Ann
Seller's Agent
Jamie Nelson
Ferrari-Lund Real Estate Reno
Buyer's Agent
Jamie Nelson
Ferrari-Lund Real Estate Reno
List Price
$269,900
Sold Price
$255,000
Premium/Discount to List
-$14,900
-5.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%
Original Mortgage
$204,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 30, 2018
Closed on
Mar 15, 2018
Sold by
Hermansen Bret and Hermansen Christine
Bought by
Grunewald Paul
Seller's Agent
Jamie Nelson
Ferrari-Lund Real Estate Reno
Buyer's Agent
Jamie Nelson
Ferrari-Lund Real Estate Reno
List Price
$269,900
Sold Price
$255,000
Premium/Discount to List
-$14,900
-5.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2007
Sold by
Wagner Serena S
Bought by
Hermansen Bret and Hermansen Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,400
Interest Rate
6.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 31, 2005
Sold by
Ramirez Francisca and Ramirez Jose
Bought by
Wagner Serena S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2005
Sold by
Ramirez Francisca and Ramirez Jose
Bought by
Wagner Serena S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 1999
Sold by
Sowell David O and Sowell Diana L
Bought by
Ramirez Jose and Ramirez Francisca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,124
Interest Rate
7.63%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Ramirez Vicente $310,000 First Centennial Title
Ramirez Vicente $310,000 First Centennial Reno
Ramirez Vicente -- First Centennial Title
Grunenwald Paul -- First Centennial Reno
Grunenwald Paul -- First Centennial Reno
Grunewald Paul $255,000 First Centennial Reno
Hermansen Bret $233,000 First Centennial Title Co
Wagner Serena S $185,000 First Centennial Title Co
Wagner Serena S $185,000 First Centennial Title Co
Wagner Serena S -- First Centennial Title Co
Ramirez Jose $95,000 Western Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Vicente $304,385
Previous Owner Grunenwald Paul $204,000
Previous Owner Hermansen Bret $195,050
Previous Owner Hermansen Bret $209,400
Previous Owner Wagner Serena S $148,000
Previous Owner Wagner Serena S $148,000
Previous Owner Ramirez Jose $94,124
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $310,000 +1.6% $271 / Sq Ft
12/14/2020 12/14/20 Pending -- -- --
12/11/2020 12/11/20 For Sale $305,000 +19.6% $267 / Sq Ft
03/22/2018 03/22/18 Sold $255,000 -1.9% $223 / Sq Ft
02/22/2018 02/22/18 Pending -- -- --
02/17/2018 02/17/18 Price Changed $259,900 -3.7% $227 / Sq Ft
01/30/2018 01/30/18 For Sale $269,900 -- $236 / 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 $711 $49,031 $31,488 $17,543
2024 $711 $43,852 $26,500 $17,352
2023 $689 $41,924 $25,915 $16,009
2022 $671 $35,576 $22,544 $13,033
2021 $647 $29,141 $15,661 $13,480
2020 $626 $30,702 $16,725 $13,977
2019 $597 $29,742 $15,827 $13,915
2018 $580 $24,691 $10,673 $14,018
2017 $557 $24,503 $10,075 $14,428
2016 $543 $22,847 $7,781 $15,066
2015 $527 $20,873 $6,284 $14,589
2014 $525 $18,260 $3,924 $14,336
2013 -- $15,331 $2,959 $12,372
Source: Public Records

Agents Affiliated with this Home

  • Eric Crosby

    Seller's Agent in 2021

    Eric Crosby

    RE/MAX

    (775) 544-0808

    1 in this area

    26 Total Sales

    Eric Crosby
    Section Image

  • E

    Buyer's Agent in 2021

    Elizabeth Soto

    Reno Tahoe Home Group

    Section Image
  • Jamie Nelson

    Seller's Agent in 2018

    Jamie Nelson

    Ferrari-Lund Real Estate Reno

    (775) 688-4000

    2 in this area

    33 Total Sales

    Jamie Nelson
    Section Image
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Map

Source: Northern Nevada Regional MLS

MLS Number: 200016487

Northern Nevada Regional MLS

APN: 080-561-06

Nevada Washoe County Reno 89506

285 Palace Dr, Reno, NV

This home is located at 285 Palace Dr, Reno, NV 89506 since 04 December 2020 and is currently estimated at $404,922, approximately $353 per square foot. This property was built in 1972. 285 Palace Dr is a home located in Washoe County with nearby schools including Lemmon Valley Elementary School, William O'Brien Middle School, and North Valleys High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Nevada Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The content relating to real estate for sale on this web site comes in part from the Broker Reciprocity/ IDX program of the Northern Nevada Regional Multiple Listing Service°. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo and detailed information about those listings includes the name of the listing brokerage. Any use of the content other than by a search performed by a consumer looking to purchase or rent real estate is prohibited. © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved.

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