NOT LISTED FOR SALE

504 Island Ave Reno, NV 89501

MidTown Neighborhood

Estimated Value: $470,426 - $1,008,000

3 Beds
2 Baths
2,246 Sq Ft
$540/mo HOA Fee

Last Sold January 13, 2015

Last sale price $289,000 $129 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $4,374/month

69 Days on Market

Highlights

  • River Nearby
  • Great Room
  • Security Service
  • Jessie Beck Elementary School Rated A-
  • Double Pane Windows
  • 4-minute walk to Barbara Bennett Park

About This Home

As of January 2015

Rare offering in Exclusive Island Avenue Complex! Large open floor plan. 3 bedroom 2 bath riverfront condo overlooks Wingfield Park and the Truckee River. Walk to river events, concerts, baseball park, and restaurants. This second floor condo has all of the 2246 sq. feet on one level, with secure underground parking for two, gated security entry, and overlooks Wingfield Park. The large master bedroom has a view of the river. Large covered patio overlooks Park as well., Association fees are $540/month. There is a special assessment due for the next 2 years for $1,000/year. PLEASE CALL FIRST BEFORE SHOWING. This is a secured complex. Do not park in areas that are prohibited- you WILL BE TICKETED. HOA fees include Gas, Water and Trash.

Last Agent to Sell the Property

Paddy Egan

Urban Real Estate Investments License #B.1000544 Listed on: 09/04/2014

Last Buyer's Agent

Non MLS Agent

Non MLS Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,461

Year Built

  • Built in 1975

Lot Details

  • Property fronts a private road
  • Property is Fully Fenced
  • Landscaped
  • Front and Back Yard Sprinklers

HOA Fees

  • $540 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Common or Shared Parking

Home Design

  • Slab Foundation
  • Tile Roof
  • Stick Built Home
  • Stucco

Interior Spaces

  • 2,246 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Self Contained Fireplace Unit Or Insert
  • Double Pane Windows
  • Drapes & Rods
  • Great Room
  • Combination Dining and Living Room
  • Microwave
  • Laundry in Garage

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • River Nearby
  • Storage Shed

Location

  • Mid level unit with steps

Schools

  • Hunter Lake Elementary School
  • Swope Middle School
  • Reno High School

Utilities

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

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 01139007
  • $1,000 per year additional tax assessments

Community Details

Overview

  • $150 HOA Transfer Fee
  • Western Nevada Management Association
  • The community has rules related to covenants, conditions, and restrictions

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,461

Year Built

Built in 1975

Lot Details

0

HOA Fees

$540 per month

Parking

2

Listing Details

  • Year Built: 1975
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Horses: No
  • Lot Features: Landscaped, Level
  • Lot Size Acres: 0.01
  • Road Frontage Type: Private Road
  • Association Amenities: Security
  • Association Fees: 540.0
  • Association Fee Frequency: Monthly
  • Has H O A?: Yes
  • Co List Office Mls Id: 1803-o
  • Co List Office Phone: 775-233-0913
  • Co List Office Mls Id: 1803-o
  • Co List Office Phone: 775-233-0913
  • Directions: Arlington
  • Has Fireplace?: Yes
  • Living Area: 2246.0
  • Property Attached Yn: Yes
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Hunter Lake
  • Tax Legal Middle Or Junior School2: Swope
  • Tax Legal High School: Reno
  • Tax Legal Tax Annual Amount: 1461.3
  • Tax Legal Zoning4: MF30
  • Association Community Association Y N3: Yes
  • Association Community Association Fee3: 540.0
  • Building Stories5: 1
  • Building Property Attached Y N: Yes
  • Building Home Warranty Y N: Yes
  • Lot Lot Size Acres2: 0.01
  • Lot Lot Size Square Feet2: 435.6
  • Lot Horse Y N2: No
  • Association Details Transfer Fee: 150.0
  • Lot Features Landscaped: Yes
  • Foundation Details Slab: Yes
  • Lot Features Level: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Sprinklers Front: Yes
  • Sprinklers Rear: Yes
  • Typeof Construction Site Stick- Built: Yes
  • Water Rights Water Rights Y N: No
  • Fencing Full2: Yes
  • Personal Property Included Storage Shed: Yes
  • Sprinklers Drip System In Front: Yes
  • Appliances Microwave: Yes
  • Water Heater Gas5: Yes
  • Construction Materials Stucco: Yes
  • Fireplace Features Insert: Yes
  • Road Frontage Type Private Road: Yes
  • Association Amenities Security: Yes
  • Unit Level Mid Level: Yes
  • Association Community Association Fee Frequency3: Monthly
  • Association Details Management Company Name5: Western Nevada Management
  • Water Body Type River: Yes
  • Lot Features Adjoins River: Yes
  • Tax Legal Tax Other Annual Assessment Amount3: 1000.0
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Microwave
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Insert
  • Window Features: Double Pane Windows, Drapes
  • Interior Living Area4: 2246.0
  • Interior Fireplace Y N: Yes
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Drapes: Yes
  • Flooring Ceramic Tile: Yes
  • Kitchen Features Built- In Microwave: Yes
  • Primary Bedroom Features Ceiling Fan(s)7: Yes
  • Dining Room Features Great Room4: Yes
  • Family Room Features Great Room5: Yes
  • Living Room Features Dining Room Combination: Yes

Exterior Features

  • Roof: Tile
  • Stories: 1
  • Construction Type: Stucco
  • Foundation Details: Slab
  • Roof Tile3: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Has Carport?: No
  • Garage Spaces: 2.0
  • Has Attached Garage?: Yes
  • Parking Features: Common
  • Total Parking Spaces: 2.0
  • Parking Information Garage Y N: Yes
  • Parking Information Garage Spaces: 2.0
  • Parking Information Carport Y N: No
  • Parking Information Parking Total: 2.0
  • Laundry Features In Garage: Yes
  • Parking Features Common: Yes

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Laundry Features: In Garage
  • 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
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes

Schools

  • Middle Or Junior School: Swope

Lot Info

  • Parcel Number: 01139007
  • Fencing: Full
  • Lot Size Sq Ft: 435.6
  • Zoning: MF30

Tax Info

  • Tax Annual Amount: 1461.3

MLS Schools

  • Elementary School: Hunter Lake
  • HighSchool: Reno

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2014
Closed on
Jan 9, 2015
Sold by
Szony Ferenc and Szony Marguerite
Bought by
Manley Molly Elizabeth and Manley Family Trust
Seller's Agent
Paddy Egan
Urban Real Estate Investments
Buyer's Agent
Non MLS Agent
Non MLS Office
List Price
$315,000
Sold Price
$289,000
Premium/Discount to List
-$26,000
-8.25%
Current Estimated Value
$701,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$412,357
Avg. Annual Appreciation
8.56%

Purchase Details

Closed on
Aug 6, 2002
Sold by
Zeier Alice
Bought by
Szony Ferenc and Szony Marguerite
Source: Public Records

Range of Values:

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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
Manley Molly Elizabeth $289,000 Ticor Title
Szony Ferenc $195,000 Stewart Title Northern Nevad
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2015 01/13/15 Sold $289,000 -8.3% $129 / Sq Ft
11/12/2014 11/12/14 Pending -- -- --
09/04/2014 09/04/14 For Sale $315,000 -- $140 / 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 $1,954 $68,228 $37,422 $30,806
2024 $1,954 $70,441 $37,422 $33,019
2023 $1,874 $65,154 $35,579 $29,575
2022 $1,818 $61,428 $34,720 $26,708
2021 $1,766 $54,598 $27,020 $27,578
2020 $1,713 $55,095 $26,565 $28,530
2019 $1,692 $54,126 $25,375 $28,751
2018 $1,615 $50,424 $21,756 $28,668
2017 $1,550 $50,841 $21,756 $29,085
2016 $1,511 $48,608 $18,438 $30,170
2015 $1,508 $43,783 $14,196 $29,587
2014 $1,461 $43,547 $12,894 $30,653
2013 -- $38,712 $8,015 $30,697
Source: Public Records

Agents Affiliated with this Home

  • Paddy Egan

    Seller's Agent in 2015

    Paddy Egan

    Urban Real Estate Investments

    (775) 336-9132

    3 in this area

    5 Total Sales

    Paddy Egan
    Section Image

  • N

    Buyer's Agent in 2015

    Non MLS Agent

    Non MLS Office

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Map

Source: Northern Nevada Regional MLS

MLS Number: 140012344

Northern Nevada Regional MLS

APN: 011-390-07

Nevada Washoe County Reno 89501 MidTown

504 Island Ave, Reno, NV

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