537 Colorado River Blvd Reno, NV 89502
Wells Avenue District NeighborhoodEstimated payment $1,725/month
About This Lot
Discover an unparalleled investment opportunity in the heart of a rapidly growing area! This vacant lot is situated just next to Midtown, one of the city's most sought-after and vibrant neighborhoods. Why is this the perfect investment? The seller provides building plans for two stunning duplexes! Imagine four spacious units, each boasting 3 bedrooms and 2.5 bathrooms—ideal for families, young professionals, or anyone looking for modern, comfortable living., With Midtown's skyrocketing popularity and its proximity to this lot, demand for quality housing is at an all-time high. Adding to this, the lot offers a wealth of opportunities and is conveniently located near shopping centers and the exciting "Reno Experience District."
Property Details
Property Type
- Land
Est. Annual Taxes
- $740
Lot Details
- 8,973 Sq Ft Lot
- Level Lot
- Corners Of The Lot Have Been Marked
- Property is zoned MF30
Schools
- Veterans Elementary School
- Vaughn Middle School
- Wooster High School
Utilities
- No Utilities
- Sewer Not Available
Listing and Financial Details
- Assessor Parcel Number 013-414-17
Community Details
Overview
- No Home Owners Association
- Reno Community
- Southside Subdivision
Recreation
- Electricity Less than 500 Feet Away
Map
Home Values in the Area
Average Home Value in this Area
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 | $799 | $76,940 | $76,941 | -- |
| 2024 | $799 | $72,891 | $72,891 | -- |
| 2023 | $740 | $68,842 | $68,842 | $0 |
| 2022 | $686 | $56,693 | $56,693 | $0 |
| 2021 | $635 | $44,545 | $44,545 | $0 |
| 2020 | $595 | $44,545 | $44,545 | $0 |
| 2019 | $567 | $38,470 | $38,470 | $0 |
| 2018 | $541 | $28,035 | $28,035 | $0 |
| 2017 | $519 | $22,740 | $22,740 | $0 |
| 2016 | $507 | $16,821 | $16,821 | $0 |
| 2015 | $126 | $15,575 | $15,575 | $0 |
| 2014 | $490 | $15,575 | $15,575 | $0 |
| 2013 | -- | $14,018 | $14,018 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2025 05/20/25 | Price Changed | $315,000 | -1.6% | -- |
| 02/18/2025 02/18/25 | Price Changed | $320,000 | -1.5% | -- |
| 09/10/2024 09/10/24 | Price Changed | $325,000 | -4.4% | -- |
| 08/22/2024 08/22/24 | Price Changed | $340,000 | -2.9% | -- |
| 05/25/2024 05/25/24 | Price Changed | $350,000 | -4.1% | -- |
| 04/22/2024 04/22/24 | For Sale | $365,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $533,500 | First Centennial Title | |
| Bargain Sale Deed | $125,000 | First Centennial Reno | |
| Trustee Deed | $132,141 | None Available | |
| Grant Deed | -- | None Available | |
| Bargain Sale Deed | $160,000 | Stewart Title Of Northern Nv | |
| Interfamily Deed Transfer | $16,000 | -- | |
| Interfamily Deed Transfer | $16,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $112,000 | Unknown |
Source: Northern Nevada Regional MLS
MLS Number: 240004433
APN: 013-414-17
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