Seller's Agent in 2024
Laura Kirsch
Marmot Properties, LLC
(775) 391-9076
23 in this area
236 Total Sales
531 Mill St Reno, NV 89502
MidTown NeighborhoodEstimated Value: $795,000 - $960,000
5
Beds
3
Baths
2,548
Sq Ft
$356/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Refrigerated Cooling System
- Forced Air Heating and Cooling System
- Brick or Stone Mason
- Landscaped
- Property is Fully Fenced
About This Home
As of December 20243-Unit Brick Investment Property Minutes Away from Reno’s Best Entertainment and Eateries This charming property with both a duplex and single family home is located just east of downtown Reno. All 3 units offer two bedrooms and one bathroom and an additional unfinished basement for renovation or storage space. Tons of opportunity for value-add with these spaces!, Each unit has wood flooring and upgraded bathroom and kitchen finishes along with new plumbing, electrical, and new windows. The property comes with ample parking with both street and alley access. The duplex has been equipped with new roofing. Leases have been a mix of short term, long term and AirBNB bookings, grossing approximately $75,000 in 2023. This property is walking distance to the Reno Riverwalk District, Greater Nevada Field, and to Reno's best eateries, coffee shops, and bars.
Last Agent to Sell the Property
Marmot Properties, LLC License #S.176875 Listed on: 10/11/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,851
Year Built
- Built in 1932
Lot Details
- 6,970 Sq Ft Lot
- Property is Fully Fenced
- Landscaped
Home Design
- Brick or Stone Mason
- Slab Foundation
- Pitched Roof
- Shingle Roof
- Composition Roof
- Masonry
Interior Spaces
- 2,548 Sq Ft Home
- 2-Story Property
- Blinds
- Fire and Smoke Detector
Kitchen
- Oven
- Gas Range
Flooring
- Wood
- Laminate
Laundry
- Laundry in unit
- Washer Hookup
Parking
- 5 Parking Spaces
- Carport
- Alley Access
Schools
- Booth Elementary School
- Vaughn Middle School
- Wooster High School
Utilities
- Refrigerated Cooling System
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Separate Meters
- Individual Gas Meter
- Separate Water Meter
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 01211211
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- Net Operating Income $61,490
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 11, 2024
Closed on
Dec 2, 2024
Sold by
Wong Christopher and Wong Miasa K
Bought by
Pukatch Richard N
Seller's Agent
Laura Kirsch
Marmot Properties, LLC
Buyer's Agent
Dilyn Rooker
Marmot Properties, LLC
List Price
$975,000
Sold Price
$905,000
Premium/Discount to List
-$70,000
-7.18%
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,537
Avg. Annual Appreciation
0.25%
Original Mortgage
$543,000
Outstanding Balance
$537,180
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$370,357
Purchase Details
Closed on
Aug 22, 2019
Sold by
Marek Christopher
Bought by
Wong Christopher and Wong Miasa K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,750
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Mar 27, 2007
Sold by
Montgomery Lawrence
Bought by
Beck Lori
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
7.87%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Feb 26, 2007
Sold by
Beck Lori
Bought by
Marek Christopher
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
7.87%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Dec 28, 1998
Sold by
Mill Street Restoration Llc
Bought by
Trc Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
6.82%
Purchase Details
Closed on
Jun 8, 1998
Sold by
Tillis Maria Pia B and E Darby Cohen A
Bought by
Mill Street Restoration Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,007
Interest Rate
7.17%
Purchase Details
Closed on
Apr 6, 1995
Sold by
Lynch William J
Bought by
Tillis Maria Pia B and E Darby Cohen A
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pukatch Richard N | $905,000 | Stewart Title | |
| Wong Christopher | $489,000 | Ticor Title Reno | |
| Beck Lori | -- | First American Title | |
| Marek Christopher | $345,000 | First American Title | |
| Trc Llc | $300,000 | First Centennial Title Co | |
| Mill Street Restoration Llc | $325,000 | First American Title Co | |
| Tillis Maria Pia B | -- | First American Title Co | |
| Lynch William J | -- | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pukatch Richard N | $543,000 | |
| Previous Owner | Wong Christopher | $366,750 | |
| Previous Owner | Marek Christopher | $276,000 | |
| Previous Owner | Trc Llc | $2,800,000 | |
| Previous Owner | Mill Street Restoration Llc | $61,007 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/16/2024 12/16/24 | Sold | $905,000 | -4.7% | $355 / Sq Ft |
| 11/04/2024 11/04/24 | Pending | -- | -- | -- |
| 10/28/2024 10/28/24 | Price Changed | $950,000 | -2.6% | $373 / Sq Ft |
| 10/10/2024 10/10/24 | For Sale | $975,000 | -- | $383 / Sq Ft |
Source: Northern Nevada Regional MLS
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 |
|---|---|---|---|---|
| 2026 | -- | $103,788 | $62,598 | $41,190 |
| 2024 | $1,851 | $100,218 | $59,500 | $40,718 |
| 2023 | $1,712 | $98,398 | $61,670 | $36,728 |
| 2022 | $1,563 | $78,870 | $48,650 | $30,220 |
| 2021 | $1,449 | $64,011 | $35,420 | $28,591 |
| 2020 | $1,364 | $59,862 | $31,395 | $28,467 |
| 2019 | $1,326 | $57,245 | $29,960 | $27,285 |
| 2018 | $1,296 | $45,015 | $18,900 | $26,115 |
| 2017 | $1,244 | $40,089 | $14,175 | $25,914 |
| 2016 | $1,217 | $39,407 | $14,175 | $25,232 |
| 2015 | $1,224 | $39,269 | $14,175 | $25,094 |
| 2014 | $1,186 | $33,073 | $9,345 | $23,728 |
| 2013 | -- | $30,549 | $7,665 | $22,884 |
Source: Public Records
Agents Affiliated with this Home
-
Laura Kirsch
-
Dilyn Rooker
Buyer's Agent in 2024
Dilyn Rooker
Marmot Properties, LLC
(775) 450-7994
5 in this area
85 Total Sales
Map
Source: Northern Nevada Regional MLS
MLS Number: 240013036
APN: 012-112-11
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