NOT LISTED FOR SALE

520 Island Ave Unit 2B Reno, NV 89501

MidTown Neighborhood

Estimated Value: $369,035 - $634,000

2 Beds
2 Baths
1,414 Sq Ft
$407/mo HOA Fee

Last Sold March 10, 2017

Last sale price $252,500 $179 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $3,088/month

248 Days on Market

Highlights

  • City View
  • River Nearby
  • 1 Car Attached Garage
  • Jessie Beck Elementary School Rated A-
  • Separate Formal Living Room
  • 4-minute walk to Barbara Bennett Park

About This Home

As of March 2017

These units rarely come up for sale. Great views of Barbara Bennett park, the river & city. Interior in good shape.

Last Agent to Sell the Property

Robert Kirchner

Ferrari-Lund Real Estate Reno License #S.63269 Listed on: 04/01/2016

Ferrari-Lund Real Estate Reno

Last Buyer's Agent

Karen Polley

Realty One Group Eminence License #S.39634

Realty One Group Eminence

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,905

Year Built

  • Built in 1975

Lot Details

  • Landscaped
  • Front Yard Sprinklers

HOA Fees

  • $407 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Tuck Under Parking
  • Garage Door Opener

Property Views

  • City
  • Woods
  • Park or Greenbelt

Home Design

  • Flat Roof Shape
  • Pitched Roof
  • Stick Built Home
  • Stucco

Interior Spaces

  • 1,414 Sq Ft Home
  • 1-Story Property
  • Gas Log Fireplace
  • Double Pane Windows
  • Separate Formal Living Room
  • Combination Kitchen and Dining Room
  • Crawl Space

Kitchen

  • Built-In Oven
  • Electric Oven
  • Electric Range
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Hall

Home Security

Schools

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

Utilities

  • Refrigerated Cooling System
  • Central Air
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • River Nearby
  • Mid level unit with steps

Listing and Financial Details

  • Short Sale
  • Home warranty included in the sale of the property
  • Assessor Parcel Number 01139005

Community Details

Overview

  • Association fees include snow removal, utilities
  • $300 HOA Transfer Fee
  • Western Nevada Management Association, Phone Number (775) 284-4434
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Snow Removal

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,905

Year Built

Built in 1975

Lot Details

0

HOA Fees

$407 per month

Parking

1

Listing Details

  • Year Built: 1975
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Horses: No
  • Lot Features: Landscaped, Level, Sprinklers In Front
  • Has View?: Yes
  • Security Features: Smoke Detector(s)
  • Association Fees: 407.0
  • Association Fee Frequency: Monthly
  • Association Fee Inclusions: Snow Removal, Utilities
  • Has H O A?: Yes
  • Co List Office Mls Id: 643-o
  • Co List Office Phone: 775-688-4000
  • Special Conditions: Short Sale
  • Directions: Arlington
  • Has Cooling?: Yes
  • Has Fireplace?: Yes
  • Living Area: 1414.0
  • 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: 1905.0
  • Tax Legal Zoning4: MF30
  • Association Community Association Y N3: Yes
  • Association Community Association Fee3: 407.0
  • Building Stories5: 1
  • Building Property Attached Y N: Yes
  • Building Home Warranty Y N: Yes
  • Lot Horse Y N2: No
  • Association Details Transfer Fee: 300.0
  • Lot View Y N2: Yes
  • Lot Features Landscaped: Yes
  • Cooling Central Air: Yes
  • Cooling Electric: Yes
  • Foundation Details Crawl Space: Yes
  • Lot Features Level: Yes
  • Lot Features Sprinklers In Front: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Sprinklers Front: Yes
  • Typeof Construction Site Stick- Built: Yes
  • Water Heater Electric5: Yes
  • Water Rights Water Rights Y N: No
  • Cooling Refrigerated: Yes
  • Appliances Disposal: Yes
  • Security Features Smoke Detector(s): Yes
  • Association Fee Includes Snow Removal2: Yes
  • Construction Materials Stucco: Yes
  • Fireplace Features Gas Log: Yes
  • View Trees Woods: Yes
  • View Park Greenbelt: Yes
  • Special Listing Conditions Short Sale: Yes
  • Unit Level Mid Level: Yes
  • Association Community Association Fee Frequency3: Monthly
  • Association Details Management Company Name5: Western Nevada Management
  • Water Body View Yes2: Yes
  • Water Body Type River: Yes
  • Appliances Electric Range: Yes
  • Lot Features Adjoins River: Yes
  • Association Details Management Company Phone5: 775-284-4434
  • Appliances Electric Oven: Yes
  • Appliances Included As Personal Property Oven2: Yes
  • Special Features: 12
  • Stories: 1

Interior Features

  • Appliances: Disposal, Electric Oven, Electric Range, Oven
  • Flooring: Carpet, Ceramic Tile, Tile, Vinyl
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log
  • Interior Amenities: Walk-In Closet(s)
  • Window Features: Double Pane Windows
  • Interior Living Area4: 1414.0
  • Interior Fireplace Y N: Yes
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Living Room Features Separate Formal Room: Yes
  • Laundry Features In Hall: Yes
  • Flooring Ceramic Tile: Yes
  • Laundry Features Laundry Area: Yes
  • Kitchen Features Disposal2: Yes
  • Dining Room Features Kitchen Combination: Yes
  • Interior Features Walk- In Closet(s): Yes
  • Primary Bedroom Features Walk- In Closet(s)2: Yes
  • Flooring Tile: Yes
  • Flooring Vinyl: Yes
  • Kitchen Features Built- In Single Oven: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Flat, Pitched
  • Stories: 1
  • View: City, Park/Greenbelt, Trees/Woods
  • Construction Type: Stucco
  • Foundation Details: Crawl Space
  • Roof Pitched: Yes
  • Roof Flat: Yes

Garage/Parking

  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Garage Spaces: 1.0
  • Has Attached Garage?: Yes
  • Parking Features: Attached, Garage, Garage Door Opener, Under Building
  • Total Parking Spaces: 1.0
  • Parking Information Garage Y N: Yes
  • Parking Information Garage Spaces: 1.0
  • Parking Information Carport Y N: No
  • Parking Information Parking Total: 1.0
  • Parking Features Attached: Yes
  • Parking Features Garage Door Opener: Yes
  • Parking Features Garage: Yes
  • Parking Features Under Building: Yes

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: In Hall, Laundry Area
  • Cooling: Central Air, Electric, Refrigerated
  • Heating: Electric, 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 Sewer Available: Yes
  • Utilities Water Available: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Heating Electric4: Yes
  • Association Fee Includes Utilities: Yes

Schools

  • Middle Or Junior School: Swope

Lot Info

  • Parcel Number: 01139005
  • Fencing: None
  • Zoning: MF30

Tax Info

  • Tax Annual Amount: 1905.0

MLS Schools

  • Elementary School: Mt. Rose
  • HighSchool: Reno

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2018
Sold by
Capello Michael J and Capello Patricia C
Bought by
Capello Alessandrao
Current Estimated Value
$489,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$121,364
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$367,645

Purchase Details

Listed on
Apr 1, 2016
Closed on
Mar 9, 2017
Sold by
Sato Andrew D
Bought by
Capello Michael J and Capello Patricia C
Seller's Agent
Robert Kirchner
Ferrari-Lund Real Estate Reno
Buyer's Agent
Karen Polley
Realty One Group Eminence
List Price
$365,000
Sold Price
$252,500
Premium/Discount to List
-$112,500
-30.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%

Purchase Details

Closed on
Oct 24, 1996
Sold by
Hamrin Vernon P
Bought by
Sato Andrew D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
8.14%
Source: Public Records

Range of Values:

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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
Capello Alessandrao -- Ticor Title Reno
Capello Michael J $252,500 Ticor Title Reno
Sato Andrew D $104,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Capello Alessandrao $165,000
Previous Owner Sato Andrew D $93,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2017 03/10/17 Sold $252,500 -30.8% $179 / Sq Ft
12/05/2016 12/05/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $365,000 -- $258 / 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 $1,406 $49,998 $27,720 $22,278
2024 $1,350 $51,602 $27,720 $23,882
2023 $981 $47,862 $26,355 $21,507
2022 $1,309 $46,515 $27,020 $19,495
2021 $1,273 $39,955 $19,810 $20,145
2020 $1,234 $39,049 $18,165 $20,884
2019 $1,198 $38,379 $17,325 $21,054
2018 $1,163 $33,105 $12,110 $20,995
2017 $1,117 $33,436 $12,110 $21,326
2016 $1,656 $32,344 $10,255 $22,089
2015 $1,906 $29,685 $7,875 $21,810
2014 $2,256 $29,682 $7,175 $22,507
2013 -- $27,928 $5,355 $22,573
Source: Public Records

Agents Affiliated with this Home

  • Robert Kirchner

    Seller's Agent in 2017

    Robert Kirchner

    Ferrari-Lund Real Estate Reno

    (775) 741-1717

    25 Total Sales

    Robert Kirchner
    Section Image
  • Karen Polley

    Buyer's Agent in 2017

    Karen Polley

    Realty One Group Eminence

    (775) 690-6801

    119 Total Sales

    Karen Polley
    Section Image
See All Agents

Map

Source: Northern Nevada Regional MLS

MLS Number: 160004130

Northern Nevada Regional MLS

APN: 011-390-05

Nevada Washoe County Reno 89501 MidTown

520 Island Ave Unit 2B, Reno, NV

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