NOT LISTED FOR SALE

512 Island Ave Reno, NV 89501

MidTown Neighborhood

Estimated Value: $533,445 - $986,000

3 Beds
2 Baths
2,246 Sq Ft
$651/mo HOA Fee

Last Sold July 01, 2016

Last sale price $512,000 $228 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,145/month

29 Days on Market

Highlights

  • Unit is on the top floor
  • Gated Community
  • River Nearby
  • Jessie Beck Elementary School Rated A-
  • City View
  • 4-minute walk to Barbara Bennett Park

About This Home

As of July 2016

Rare opportunity for Truckee River penthouse in the exclusive Island Avenue complex! Timelessly remodeled, this penthouse home is located directly on the Truckee River, within close proximity to theaters, concerts, museums, river events such as ArtTown, and Downtown and Midtown restaurants!, Skillfully updated, the sellers incorporated an entertaining layout with fabulous appliances: Sub-Zero freezer, Sub-Zero refrigerator, Dacor convection double ovens, Dacor cook top, Dacor warming drawer, Bosch dishwasher, ice maker, compactor, wine cooler. The kitchen was also enhanced with an added window and skylights. This is just the beginning of the renovations list! Architectural plans, permits, and photography of remodel are available for personal review. Monthly HOA fee includes Liability Insurance, D & O Insurance, Management Services, Office Supplies/postage, Collection Costs, Structure Insurance, Common areas, Snow Removal, Parking Garage structure maintenance, Street maintenance, Electricity (includes heating and air conditioning), Water, and trash removal, Common Area Lighting, Maintenance personal, Building Exterior, Roof, Iron fencing. Garage storage closet is 5' wide 8.5' long and 7.5' high.

Last Agent to Sell the Property

Patti Ireland

RE/MAX Gold-Midtown License #S.63392 Listed on: 04/14/2016

RE/MAX Gold-Midtown

Co-Listed By

Laura Ferencik

RE/MAX Gold-Midtown License #S.55023

Last Buyer's Agent

Raquel Riggle

HomeNV License #BS.146412

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,504

Year Built

  • Built in 1975

Lot Details

  • Security Fence
  • Property is Fully Fenced
  • Landscaped
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

HOA Fees

  • $651 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Assigned Parking

Property Views

  • City
  • Mountain
  • Park or Greenbelt

Home Design

  • Flat Roof Shape
  • Stick Built Home
  • Stucco

Interior Spaces

  • 2,246 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace
  • Crawl Space
  • Security System Owned

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Stone
  • Porcelain Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Jetted Tub in Primary Bathroom
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Laundry in Hall
  • Shelves in Laundry Area

Accessible Home Design

  • No Interior Steps
  • Level Entry For Accessibility

Outdoor Features

  • River Nearby
  • Deck

Location

  • Unit is on the top floor

Schools

  • Mt. Rose Elementary School
  • Swope Middle School
  • Reno High School

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Water Purifier
  • Internet Available
  • Phone Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 01139009

Community Details

Overview

  • Association fees include insurance, snow removal, utilities
  • $250 HOA Transfer Fee
  • Western Nv Mt. Association
  • On-Site Maintenance
  • Maintained Community
  • The community has rules related to covenants, conditions, and restrictions
  • Greenbelt

Amenities

  • Community Storage Space

Recreation

  • Snow Removal

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,504

Year Built

Built in 1975

Lot Details

0

HOA Fees

$651 per month

Parking

2

Listing Details

  • Year Built: 1975
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Horses: No
  • Lot Features: Greenbelt, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Acres: 0.01
  • Road Frontage Type: Other
  • Has View?: Yes
  • Security Features: Security Fence, Security System Owned, Smoke Detector(s)
  • Association Amenities: Gated, Landscaping, Maintenance Grounds, Maintenance Structure, Storage
  • Association Fees: 651.0
  • Association Fee Frequency: Monthly
  • Association Fee Inclusions: Insurance, Snow Removal, Utilities
  • Has H O A?: Yes
  • Co List Office Mls Id: 443-op
  • Co List Office Phone: 775-825-1178
  • Co List Office Mls Id: 2428-o
  • Co List Office Phone: 775-391-5435
  • Directions: Arlington at river SW side
  • Has Cooling?: Yes
  • Has Fireplace?: Yes
  • Living Area: 2246.0
  • Property Attached Yn: Yes
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Mt. Rose
  • Tax Legal Middle Or Junior School2: Swope
  • Tax Legal High School: Reno
  • Tax Legal Tax Annual Amount: 1503.92
  • Tax Legal Zoning4: MF30
  • Association Community Association Y N3: Yes
  • Association Community Association Fee3: 651.0
  • 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: 250.0
  • Lot View Y N2: Yes
  • Lot Features Landscaped: Yes
  • Cooling Central Air: Yes
  • Foundation Details Crawl Space: Yes
  • Lot Features Level: Yes
  • Lot Features Sprinklers In Front: Yes
  • Lot Features Sprinklers In Rear: 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
  • Appliances Dishwasher: Yes
  • Cooling Refrigerated: Yes
  • Appliances Disposal: Yes
  • Fencing Full2: Yes
  • Outdoor Living Spaces Deck3: Yes
  • Security Features Smoke Detector(s): Yes
  • View Mountain(s): Yes
  • Appliances Microwave: Yes
  • Association Amenities Gated: Yes
  • Association Amenities Maintenance Grounds: Yes
  • Association Fee Includes Snow Removal2: Yes
  • Security Features Security Fence: Yes
  • Water Heater Gas5: Yes
  • Construction Materials Stucco: Yes
  • Fireplace Features Gas Log: Yes
  • Sprinklers Automatic: Yes
  • Security Features Security System Owned: Yes
  • Appliances Trash Compactor: Yes
  • Other Rooms Entrance Foyer2: Yes
  • Lot Features Greenbelt: Yes
  • View Park Greenbelt: Yes
  • Association Amenities Landscaping: Yes
  • Association Amenities Storage: Yes
  • Association Amenities Maintenance Structure: Yes
  • Association Community Association Fee Frequency3: Monthly
  • Association Details Management Company Name5: Western NV Mt.
  • Water Body View Yes2: Yes
  • Water Body Type River: Yes
  • Lot Features Adjoins River: Yes
  • Appliances Double Oven: Yes
  • Appliances Included As Personal Property Electric Cooktop2: Yes
  • Appliances Water Purifier: Yes
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Double Oven, Electric Cooktop, Microwave, Refrigerator, Trash Compactor, Water Purifier
  • Flooring: Carpet, Laminate, Porcelain, Stone
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Ceiling Fan(s), High Ceilings, Kitchen Island, No Interior Steps, Pantry, Primary Downstairs
  • Window Features: Blinds, Double Pane Windows, Drapes, Rods, Single Pane Windows
  • Interior Living Area4: 2246.0
  • Interior Fireplace Y N: Yes
  • Flooring Carpet: Yes
  • Interior Features High Ceilings: Yes
  • Fireplace Features Living Room: Yes
  • Interior Features Primary Downstairs: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Blinds: Yes
  • Window Features Drapes: Yes
  • Laundry Features In Hall: Yes
  • Primary Bedroom Features Double Sinks: Yes
  • Interior Fireplaces Total2: 1.0
  • Primary Bedroom Features On Main Floor: Yes
  • Primary Bedroom Features Shower Stall: Yes
  • Window Features Rods: Yes
  • Laundry Features Laundry Area: Yes
  • Living Room Features Great Room3: Yes
  • Dining Room Features High Ceilings3: Yes
  • Kitchen Features Built- In Dishwasher: Yes
  • Kitchen Features Disposal2: Yes
  • Primary Bedroom Features High Ceilings6: Yes
  • Laundry Features Shelves: Yes
  • Interior Features Kitchen Island: Yes
  • Kitchen Features Breakfast Nook: Yes
  • Kitchen Features Kitchen Island2: Yes
  • Primary Bedroom Features Ceiling Fan(s)7: Yes
  • Flooring Laminate: Yes
  • Interior Features Ceiling Fan(s)2: Yes
  • Living Room Features Ceiling Fan(s)3: Yes
  • Dining Room Features Great Room4: Yes
  • Kitchen Features Trash Compactor2: Yes
  • Flooring Stone4: Yes
  • Primary Bedroom Features Jetted Tub: Yes
  • Unit Level Top Floor: Yes
  • Interior Features No Interior Steps: Yes
  • Flooring Porcelain: Yes
  • Kitchen Features Built- In Double Oven: Yes
  • Kitchen Features Electric Cooktop3: Yes

Exterior Features

  • Exterior Features: Entry Flat or Ramped Access, None
  • Roof: Flat
  • Stories: 1
  • View: City, Mountain(s), Park/Greenbelt
  • Construction Type: Stucco
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Deck
  • Roof Flat: Yes
  • Exterior Features Entry Flator Ramped Access: Yes

Garage/Parking

  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Garage Spaces: 2.0
  • Has Attached Garage?: Yes
  • Parking Features: Assigned, Attached, Garage, Garage Door Opener
  • 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
  • Parking Features Attached: Yes
  • Parking Features Garage Door Opener: Yes
  • Parking Features Garage: Yes
  • Parking Features Assigned: Yes

Utilities

  • Utilities: Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Water Meter Installed
  • Water Source: Public
  • Laundry Features: In Hall, Laundry Area, Shelves
  • Cooling: Central Air, Refrigerated
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Cooling Y N3: Yes
  • Utilities Heating Y N3: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Water Meter Installed: Yes
  • Utilities Internet Available: Yes
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Association Fee Includes Utilities: Yes

Schools

  • Middle Or Junior School: Swope

Lot Info

  • Parcel Number: 01139009
  • Fencing: Full
  • Lot Size Sq Ft: 435.6
  • Zoning: MF30

Tax Info

  • Tax Annual Amount: 1503.92

MLS Schools

  • Elementary School: Mt. Rose
  • HighSchool: Reno

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2016
Closed on
Jun 6, 2016
Sold by
Worden Peter R
Bought by
Worden Peter R and Worden C
Seller's Agent
Patti Ireland
RE/MAX Gold-Midtown
Buyer's Agent
Raquel Riggle
HomeNV
List Price
$550,000
Sold Price
$512,000
Premium/Discount to List
-$38,000
-6.91%
Current Estimated Value
$820,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,097
Avg. Annual Appreciation
3.38%
Original Mortgage
$270,000
Outstanding Balance
$214,939
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$482,922

Purchase Details

Listed on
Apr 14, 2016
Closed on
May 17, 2016
Sold by
Worden Ann C
Bought by
Lindseth Kevin and Dales Shelley
Seller's Agent
Patti Ireland
RE/MAX Gold-Midtown
Buyer's Agent
Raquel Riggle
HomeNV
List Price
$550,000
Sold Price
$512,000
Premium/Discount to List
-$38,000
-6.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$214,939
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$482,922

Purchase Details

Closed on
Mar 1, 2012
Sold by
Worden Peter R and Worden Ann C
Bought by
Worden Peter R and Worden Ann C

Purchase Details

Closed on
Aug 14, 1998
Sold by
Rausch Rudy
Bought by
Worden Peter R and Worden Ann C
Source: Public Records

Range of Values:

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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
Worden Peter R -- First American Title Iv
Lindseth Kevin $512,000 First American Title
Worden Peter R -- None Available
Worden Peter R $185,000 Founders Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lindseth Kevin $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2016 07/01/16 Sold $512,000 -6.9% $228 / Sq Ft
05/13/2016 05/13/16 Pending -- -- --
04/14/2016 04/14/16 For Sale $550,000 -- $245 / 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 $2,416 $73,772 $42,966 $30,806
2024 $2,238 $75,985 $42,966 $33,019
2023 $1,552 $71,047 $40,850 $30,197
2022 $2,071 $61,985 $34,720 $27,265
2021 $1,919 $55,173 $27,020 $28,153
2020 $1,804 $55,686 $26,565 $29,121
2019 $1,718 $54,730 $25,375 $29,355
2018 $66 $51,023 $21,756 $29,267
2017 $1,574 $51,442 $21,756 $29,686
2016 $1,534 $49,233 $18,438 $30,795
2015 $1,531 $44,450 $14,196 $30,254
2014 $1,486 $44,217 $12,894 $31,323
2013 -- $39,378 $8,015 $31,363
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Patti Ireland

    RE/MAX

    Section Image
  • Laura Ferencik

    Seller Co-Listing Agent in 2016

    Laura Ferencik

    RE/MAX

    (775) 224-5728

    1 in this area

    56 Total Sales

    Laura Ferencik
    Section Image

  • R

    Buyer's Agent in 2016

    Raquel Riggle

    HomeNV

    (775) 722-0215

    1 in this area

    32 Total Sales

    Raquel Riggle
    Section Image
See All Agents

Map

Source: Northern Nevada Regional MLS

MLS Number: 160005563

Northern Nevada Regional MLS

APN: 011-390-09

Nevada Washoe County Reno 89501 MidTown

512 Island Ave, Reno, NV

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