NOT LISTED FOR SALE

301 E Grove St Unit 2 Reno, NV 89502

The Grove Neighborhood

Estimated Value: $381,000 - $576,000

2 Beds
2 Baths
1,765 Sq Ft
$259/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $345,000 $195 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,450/month

221 Days on Market

Highlights

  • Brick or Stone Veneer
  • Heating System Uses Natural Gas
  • 1-Story Property
  • Asbestos

About This Home

As of February 2024

Centrally located investment property with development potential. Corner lot makes access additional units very easy. Three bedroom, one bath unit has a one year lease at $2000 per month. Back unit leased at $1500 per month. Seller pays water garbage and sewer. Please do not disturb tenant. This is an " as is " property . Needs a little love. The pictures in MLS are of the back unit only.

Last Agent to Sell the Property

Marie Stewart

ERA - Realty Central License #S.47859 Listed on: 06/10/2023

Last Buyer's Agent

Victor Corona

Reno Real Estate License #S.199859

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $635

Year Built

  • Built in 1936

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Brick or Stone Veneer
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Asbestos

Interior Spaces

  • 1,765 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Gas Range

Schools

  • Loder Elementary School
  • Vaughn Middle School
  • Wooster High School

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Separate Meters
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 01528158

Community Details

Overview

  • 2 Units
  • The community has rules related to covenants, conditions, and restrictions

Building Details

  • Vacancy Allowance $2,100
  • Net Operating Income $36,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$635

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Year Built: 1936
  • Property Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Frontage Type: Public
  • Security Features: Fire Alarm
  • Co List Office Mls Id: 414-o
  • Co List Office Phone: 775-685-2372
  • Directions: Kietzke to Grove
  • Tax Legal Zoning4: MF30
  • Building Stories5: 1
  • Construction Materials Asbestos: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Water Heater Electric5: Yes
  • Construction Materials Frame: Yes
  • Construction Materials Masonry Veneer: Yes
  • Tax Legal Elementary School2: Loder
  • Tax Legal High School2: Wooster
  • Lot Lot Size Acres4: 0.17
  • Lot Lot Size Square Feet4: 7405.2
  • Appliances Oven: Yes
  • Appliances Gas Range: Yes
  • Foundation Details Crawl Space2: Yes
  • Tax Legal Tax Annual Amount3: 635.0
  • Security Features Fire Alarm: Yes
  • Incomeand Expenses Net Operating Income: 36350.0
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 1.0
  • Building Number Of Units Total5: 2.0
  • Special Information Onsite Management Y N: No
  • Meter Information Separate Meters Y N: Yes
  • Meter Information Separate Electric Meters Y N: Yes
  • Meter Information Separate Gas Meters Y N: No
  • Meter Information Separate Water Meters Y N: No
  • Meter Information Separate Water Heaters Y N: Yes
  • Meter Information One Primary Electric Meter Y N: No
  • Meter Information One Primary Gas Meter Y N: No
  • Meter Information One Primary Water Meter Y N: No
  • Tax Legal Middleor Junior School: Vaughn
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Oven, Gas Range, Refrigerator
  • Flooring: Varies
  • Number Of Buildings: 1
  • Window Features: Varies
  • Interior Building Area Total3: 1765.0

Exterior Features

  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • Construction Type: Asbestos, Frame, Masonry Veneer
  • Foundation Details: Crawl Space
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: None
  • Total Parking Spaces: 2.0
  • Parking Information Parking Total4: 2.0

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Laundry Features: Varies By Unit
  • Heating: Natural Gas, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Sewer Available: Yes
  • Heating Natural Gas: Yes
  • Heating Wall Furnace: Yes
  • Utilities Heating Y N5: Yes

Schools

  • Middle Or Junior School: Vaughn

Lot Info

  • Parcel Number: 01528158
  • Fencing: None
  • Lot Size Sq Ft: 7405.2
  • Zoning: MF30

Multi Family

  • Gross Scheduled Income: 42000.0
  • Number Of Units Total: 2
  • Income And Expenses Vacancy Allowance: 2100
  • Income And Expenses Vacancy Allowance: 2100

Tax Info

  • Tax Annual Amount: 635.0

MLS Schools

  • Elementary School: Loder
  • HighSchool: Wooster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2023
Closed on
Feb 28, 2024
Sold by
Northey Richard R
Bought by
Northey Joy Omotimebhor
Seller's Agent
Marie Stewart
ERA - Realty Central
Buyer's Agent
Victor Corona
Reno Real Estate
List Price
$550,000
Sold Price
$345,000
Premium/Discount to List
-$205,000
-37.27%
Views
397
Current Estimated Value
$457,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,192
Avg. Annual Appreciation
15.88%
Original Mortgage
$258,750
Outstanding Balance
$253,658
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$203,534

Purchase Details

Listed on
Jun 10, 2023
Closed on
Feb 26, 2024
Sold by
Osawe Courage U and Northey Joy Omotimebhor
Bought by
Osawe Courage U
Seller's Agent
Marie Stewart
ERA - Realty Central
Buyer's Agent
Victor Corona
Reno Real Estate
List Price
$550,000
Sold Price
$345,000
Premium/Discount to List
-$205,000
-37.27%
Views
397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Outstanding Balance
$253,658
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$203,534

Purchase Details

Listed on
Jun 10, 2023
Closed on
Feb 23, 2024
Sold by
Meraz Teresa Morfin
Bought by
Santillan Hector Jaime Amador
Seller's Agent
Marie Stewart
ERA - Realty Central
Buyer's Agent
Victor Corona
Reno Real Estate
List Price
$550,000
Sold Price
$345,000
Premium/Discount to List
-$205,000
-37.27%
Views
397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Outstanding Balance
$253,658
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$203,534

Purchase Details

Listed on
Jun 10, 2023
Closed on
Feb 22, 2024
Sold by
Osawe Courage U
Bought by
Santillan Hector Jaime Amador
Seller's Agent
Marie Stewart
ERA - Realty Central
Buyer's Agent
Victor Corona
Reno Real Estate
List Price
$550,000
Sold Price
$345,000
Premium/Discount to List
-$205,000
-37.27%
Views
397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Outstanding Balance
$253,658
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$203,534

Purchase Details

Closed on
Sep 4, 2007
Sold by
Osawe Courage U
Bought by
Osawe Courage U and Osawe Joy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2007
Sold by
Floutsis Nota
Bought by
Osawe Courage U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Northey Joy Omotimebhor -- Stewart Title
Osawe Courage U -- Stewart Title
Santillan Hector Jaime Amador -- Stewart Title
Santillan Hector Jaime Amador $345,000 Stewart Title
Osawe Courage U -- First Centennial Title Co
Osawe Courage U -- First Centennial Title Co
Osawe Courage U $140,000 First Centennial Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santillan Hector Jaime Amador $258,750
Previous Owner Osawe Courage U $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2024 02/29/24 Sold $345,000 -13.8% $195 / Sq Ft
01/16/2024 01/16/24 Pending -- -- --
11/06/2023 11/06/23 Price Changed $400,000 -5.9% $227 / Sq Ft
10/11/2023 10/11/23 Price Changed $425,000 -5.6% $241 / Sq Ft
09/21/2023 09/21/23 Price Changed $450,000 -10.0% $255 / Sq Ft
07/20/2023 07/20/23 Price Changed $499,900 -9.1% $283 / Sq Ft
06/09/2023 06/09/23 For Sale $550,000 -- $312 / Sq Ft
Source: Northern Nevada Regional MLS

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
2026 $855 $63,553 $46,585 $16,968
2025 $1,066 $66,473 $49,805 $16,668
2024 $1,066 $66,659 $49,805 $16,854
2023 $988 $48,509 $32,652 $15,858
2022 $606 $38,674 $25,795 $12,879
2021 $579 $27,498 $14,996 $12,502
2020 $561 $28,012 $15,628 $12,384
2019 $546 $27,342 $15,628 $11,714
2018 $529 $23,274 $12,037 $11,237
2017 $513 $18,564 $7,315 $11,249
2016 $503 $18,722 $7,315 $11,407
2015 $502 $16,337 $5,154 $11,183
2014 $2,029 $15,417 $4,755 $10,662
2013 -- $12,719 $2,427 $10,292
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 230006130

Northern Nevada Regional MLS

APN: 015-281-58