NOT LISTED FOR SALE

301 E Grove St Unit 2 Reno, NV 89502

The Grove Neighborhood

Estimated Value: $299,000 - $481,890

2 Beds
2 Baths
1,765 Sq Ft
$230/Sq Ft Est. Value

Last Sold February 29, 2024

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

Est. 18% increase in value since last sale

Current estimated payment $2,349/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
  • Road Frontage Type: Public
  • Co List Office Mls Id: 414-o
  • Co List Office Phone: 775-685-2372
  • Directions: Kietzke to Grove
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven, Gas Range, Refrigerator
  • Flooring: Varies
  • Number Of Buildings: 1
  • Window Features: Varies

Exterior Features

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

Garage/Parking

  • Parking Features: None

Utilities

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

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
$405,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,723
Avg. Annual Appreciation
13.28%
Original Mortgage
$258,750
Outstanding Balance
$255,667
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$150,056

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
$255,667
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$150,056

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
$255,667
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$150,056

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
$255,667
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$150,056

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

Range of Values:

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Average Value
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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
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 Change Sq Ft Price
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 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 $1,066 $66,473 $49,805 $16,668
2024 $1,066 $66,659 $49,805 $16,854
2023 $441 $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

  • Marie Stewart

    Seller's Agent in 2024

    Marie Stewart

    ERA - Realty Central

    (775) 762-3477

    2 in this area

    27 Total Sales

    Marie Stewart
    Section Image

  • V

    Buyer's Agent in 2024

    Victor Corona

    Reno Real Estate

    (775) 530-2640

    1 in this area

    2 Total Sales

    Victor Corona
    Section Image
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Map

Source: Northern Nevada Regional MLS

MLS Number: 230006130

Northern Nevada Regional MLS

APN: 015-281-58

Nevada Washoe County Reno 89502 The Grove

301 E Grove St Unit 2, Reno, NV

This home is located at 301 E Grove St Unit 2, Reno, NV 89502 since 10 June 2023 and is currently estimated at $405,723, approximately $229 per square foot. This property was built in 1936. 301 E Grove St Unit 2 is a home located in Washoe County with nearby schools including Echo Loder Elementary School, Vaughn Middle School, and Earl Wooster 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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