400 Minerva Ln Reno, NV 89503
West University NeighborhoodEstimated payment $4,940/month
Highlights
- 0.44 Acre Lot
- Landscaped
- Property is Fully Fenced
- Reno High School Rated A
- Satellite Dish
- 3-minute walk to Whitaker Park
About This Home
Two adjacent lots, 400 and 0 Minerva Ln, measure 0.286 and 0.149 acres, respectively, and currently host a duplex and a studio. After reversion to acreage, the combined lot size will total 0.435 acres. Zoned as MF-30, the property can accommodate the development of 13 three-story units, each with up to 5 bedrooms and 5 bathrooms, as per the City of Reno Planning Department. Located just half a mile from UNR, 2 miles from Renown Medical Center, and directly across I-80 from downtown., This property is positioned in an ideal demographic area for this type of development. Parcels 007-201-22 and 007-201-23 being sold together.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,802
Year Built
- Built in 1949
Lot Details
- 0.44 Acre Lot
- Property is Fully Fenced
- Landscaped
Home Design
- Frame Construction
- Pitched Roof
- Shingle Roof
- Composition Roof
- Wood Siding
Interior Spaces
- 2,939 Sq Ft Home
- 2-Story Property
- Crawl Space
- Fire and Smoke Detector
- Laundry in unit
Kitchen
- Oven
- Gas Range
Parking
- 2 Parking Spaces
- Carport
Schools
- Clayton Middle School
- Reno High School
Utilities
- Heating System Uses Natural Gas
- Separate Meters
- Individual Gas Meter
- Separate Water Meter
- Gas Water Heater
- Phone Available
- Satellite Dish
Community Details
- 2 Buildings
- 3 Units
- Reno Community
- Ward`S Addition Subdivision
Listing and Financial Details
- Assessor Parcel Number 00720122
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,221 | $89,974 | $52,710 | $37,264 |
| 2024 | $3,221 | $88,136 | $51,450 | $36,686 |
| 2023 | $1,247 | $85,422 | $51,450 | $33,972 |
| 2022 | $3,544 | $73,177 | $45,500 | $27,677 |
| 2021 | $2,598 | $63,328 | $36,400 | $26,928 |
| 2020 | $1,452 | $61,429 | $35,000 | $26,429 |
| 2019 | $1,383 | $53,903 | $28,700 | $25,203 |
| 2018 | $1,319 | $44,101 | $19,950 | $24,151 |
| 2017 | $1,266 | $41,754 | $18,025 | $23,729 |
| 2016 | $1,234 | $39,540 | $15,820 | $23,720 |
| 2015 | $1,232 | $36,184 | $12,600 | $23,584 |
| 2014 | $1,194 | $32,519 | $10,395 | $22,124 |
| 2013 | -- | $31,814 | $10,395 | $21,419 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/19/2025 03/19/25 | For Sale | $899,000 | -- | $306 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Contract Of Sale | $900,000 | None Listed On Document | |
| Bargain Sale Deed | $400,000 | First Centennial Title Co | |
| Bargain Sale Deed | -- | -- | |
| Bargain Sale Deed | $250,000 | Founders Title Company Of Nv | |
| Quit Claim Deed | -- | -- | |
| Bargain Sale Deed | $250,000 | Founders Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $320,000 | Unknown | |
| Previous Owner | $115,000 | No Value Available | |
| Previous Owner | $115,000 | Unknown | |
| Previous Owner | $187,500 | No Value Available |
Source: Northern Nevada Regional MLS
MLS Number: 250003415
APN: 007-201-22
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