Seller's Agent in 2025
Sage Ball
LPT Realty, LLC
(775) 854-2597
1 in this area
92 Total Sales
442 E 7th St Unit 1 & 2 Reno, NV 89512
Downtown Reno Neighborhood
--
Bed
--
Bath
1,474
Sq Ft
1,307
Sq Ft Lot
Highlights
- Solar Power System
- Loft
- Patio
- Deck
- Double Pane Windows
- Home Security System
About This Home
As of June 2023Introducing a remarkable real estate opportunity near Downtown Reno, just a short distance from the University of Nevada (UNR), hospitals, and the bustling Greater Nevada Field. This ground-up new construction duplex is an excellent investment opportunity, offering the potential to occupy one unit while renting out the other, with a rental income of approximately $1,900 per month per unit. Built-in 2020, this modern property presents a fantastic chance for homeowners and investors alike., With two separate units, each featuring two bedrooms and one and a half baths, you'll find ample space for comfortable living. In addition, the property boasts approximately 1,474 square feet of living space, providing room for you to enjoy. The duplex comes fully furnished, including furniture, flat-screen TVs, cookware, dishes, and coffee makers. Move-in or start renting out the units immediately without any additional purchases required. The property also includes a smart garage door system, providing convenience and enhanced security. The duplex offers generous loft space for your personalization and storage needs. The hardscaping and artificial turf minimize yard maintenance, giving you more time to enjoy your surroundings. Sustainability is a key feature of this property, with a separately metered solar system that keeps monthly expenses to a minimum. In addition, LED lighting, Energy Star appliances, and smart thermostats for the HVAC system contribute to energy efficiency and cost savings. The property also boasts a Cove smart security system that alerts you to water leaks, fire, CO2, and glass breakage. Additionally, Ring Security Cameras are installed around the perimeter, allowing you to monitor the property right from your smartphone. Don't miss out on this exceptional opportunity to own a ground-up new construction duplex conveniently located near Downtown Reno and UNR. This property offers modern amenities, fully furnished units, a smart garage door system, sustainable features, a smart security system, loft space, and a low-maintenance yard. Whether you're looking for a comfortable home or a profitable investment, this duplex is the perfect choice. Secure your future in the thriving Reno real estate market today.
Last Agent to Sell the Property
Cave Rock Partners Of Nevada License #B.1002796 Listed on: 05/18/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,839
Year Built
- Built in 2020
Lot Details
- 1,307 Sq Ft Lot
- Property is Fully Fenced
Home Design
- Frame Construction
- Pitched Roof
- Shingle Roof
- Composition Roof
- Wood Siding
Interior Spaces
- 1,474 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Blinds
- Loft
- Crawl Space
Kitchen
- Oven
- Gas Range
- Microwave
- Dishwasher
- Smart Appliances
- Disposal
Flooring
- Carpet
- Laminate
Laundry
- Laundry in Hall
- Dryer
- Washer
Home Security
- Home Security System
- Smart Thermostat
- Fire and Smoke Detector
Parking
- 2 Car Garage
- Carport
- Alley Access
- Garage Door Opener
Eco-Friendly Details
- Solar Power System
Outdoor Features
- Deck
- Patio
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Separate Meters
- Master Meter
- Electric Water Heater
- Internet Available
Listing and Financial Details
- The owner pays for all utilities
- Assessor Parcel Number 00723306
Community Details
Overview
- 2 Units
Building Details
- Vacancy Allowance $3
- Net Operating Income $22,033
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 18, 2023
Closed on
Jun 14, 2023
Sold by
Foxcroft Kevin R
Bought by
Mobaligh Lailah and Mobaligh Saeed R
Seller's Agent
Ryan Alter
Cave Rock Partners Of Nevada
Buyer's Agent
Sage Ball
LPT Realty, LLC
List Price
$619,950
Sold Price
$635,000
Premium/Discount to List
$15,050
2.43%
Views
22
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.56%
Original Mortgage
$574,887
Outstanding Balance
$560,016
Interest Rate
6.35%
Mortgage Type
FHA
Estimated Equity
$203,188
Purchase Details
Closed on
Nov 23, 2020
Sold by
Fletcher Luke and Balkenbush Joseph
Bought by
Foxcroft Kevin R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Interest Rate
2.8%
Mortgage Type
FHA
Purchase Details
Closed on
May 25, 2018
Sold by
Balkenbush Shanel
Bought by
Balkenbush Joseph
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 | $635,000 | First American Title | |
| Bargain Sale Deed | $400,000 | First Centennial Title Reno | |
| Interfamily Deed Transfer | -- | First Centennial Reno | |
| Interfamily Deed Transfer | -- | First Centennial Reno | |
| Bargain Sale Deed | $165,000 | First Centennial Reno |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $574,887 | FHA | |
| Previous Owner | $469,597 | New Conventional | |
| Previous Owner | $392,755 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | For Sale | $725,000 | +14.2% | $492 / Sq Ft |
| 06/21/2023 06/21/23 | Sold | $635,000 | +2.4% | $431 / Sq Ft |
| 05/21/2023 05/21/23 | Pending | -- | -- | -- |
| 05/17/2023 05/17/23 | For Sale | $619,950 | -- | $421 / 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 | $3,310 | $108,420 | $34,132 | $74,288 |
| 2024 | $3,310 | $110,596 | $34,132 | $76,464 |
| 2023 | $3,066 | $95,852 | $29,400 | $66,452 |
| 2022 | $2,839 | $80,546 | $23,380 | $57,166 |
| 2021 | $2,564 | $75,632 | $20,160 | $55,472 |
| 2020 | $192 | $45,887 | $20,160 | $25,727 |
| 2019 | $245 | $9,772 | $9,772 | $0 |
| 2018 | $234 | $4,778 | $4,778 | $0 |
| 2017 | $225 | $8,209 | $2,888 | $5,321 |
| 2016 | $219 | $8,101 | $2,765 | $5,336 |
| 2015 | $218 | $7,197 | $1,904 | $5,293 |
| 2014 | $212 | $6,651 | $1,680 | $4,971 |
| 2013 | -- | $5,623 | $742 | $4,881 |
Source: Public Records
Agents Affiliated with this Home
-
Sage Ball
-
Ryan Alter
R
Seller's Agent in 2023
Ryan Alter
Cave Rock Partners Of Nevada
(775) 364-8486
2 in this area
4 Total Sales
Map
Source: Northern Nevada Regional MLS
MLS Number: 230004930
APN: 007-233-06
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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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