NOT LISTED FOR SALE

550 Colby Ln Reno, NV 89506

Raleigh Heights Neighborhood

Estimated Value: $409,678 - $457,000

3 Beds
2 Baths
1,184 Sq Ft
$361/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $393,000 $332 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,367/month

24 Days on Market

Highlights

  • Deck
  • No HOA
  • Double Pane Windows
  • Great Room
  • 2 Car Attached Garage
  • Breakfast Bar

About This Home

As of December 2021

This home could be the perfect first home or investment. Most of the work is already done. Fresh paint inside and new flooring. A fixed up kitchen already has granite counters and the bathrooms have new vanities. The backyard is a clean slate waiting for your ideas to come to reality. This is a single story gem in the North Valleys.

Last Agent to Sell the Property

Terri Cole

Coldwell Banker Select Mt Rose License #S.70831 Listed on: 11/10/2021

Coldwell Banker Select Mt Rose

Last Buyer's Agent

William De La Torre

Krch Realty License #S.193315

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,269

Year Built

  • Built in 1984

Lot Details

  • 6,098 Sq Ft Lot
  • Back Yard Fenced
  • Lot Sloped Down
  • Property is zoned SF6

Parking

  • 2 Car Attached Garage

Home Design

  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,184 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Aluminum Window Frames
  • Great Room
  • Combination Dining and Living Room
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Shelves in Laundry Area

Outdoor Features

  • Deck

Schools

  • Smith Elementary School
  • Obrien Middle School
  • North Valleys High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 08283021

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,269

Year Built

Built in 1984

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1984
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: No
  • Lot Features: Sloped Down, Sloped Up
  • Lot Size Acres: 0.14
  • Road Frontage Type: Other
  • Association Amenities: None
  • Has H O A?: No
  • Co List Office Mls Id: 806-o
  • Co List Office Phone: 775-849-8500
  • Directions: Golden Valley to Fowler to Colby
  • Has Fireplace?: No
  • Living Area: 1184.0
  • Property Attached Yn: No
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Smith
  • Tax Legal Middle Or Junior School2: OBrien
  • Tax Legal High School: North Valleys
  • Tax Legal Tax Annual Amount: 1268.65
  • Tax Legal Zoning4: SF6
  • Association Community Association Y N3: No
  • Building Stories5: 1
  • Building Property Attached Y N: No
  • Building Home Warranty Y N: Yes
  • Lot Lot Size Acres2: 0.14
  • Lot Lot Size Square Feet2: 6098.4
  • Lot Horse Y N2: No
  • Fencing Back Yard: Yes
  • Lot Features Sloped Down: Yes
  • Foundation Details Crawl Space: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Typeof Construction Site Stick- Built: Yes
  • Water Rights Water Rights Y N: No
  • Appliances Dishwasher: Yes
  • Appliances Disposal: Yes
  • Outdoor Living Spaces Deck3: Yes
  • Appliances Microwave: Yes
  • Lot Features Sloped Up: Yes
  • Water Heater Gas5: Yes
  • Appliances Electric Range: Yes
  • Appliances Electric Oven: Yes
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Microwave, Refrigerator
  • Flooring: Carpet, Tile, Vinyl
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Breakfast Bar, Kitchen Island, Primary Downstairs
  • Window Features: Double Pane Windows, Metal Frames, Vinyl Frames
  • Interior Living Area4: 1184.0
  • Interior Fireplace Y N: No
  • Flooring Carpet: Yes
  • Interior Features Breakfast Bar: Yes
  • Interior Features Primary Downstairs: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Kitchen Features Breakfast Bar2: Yes
  • Dining Room Features Living Room Combination: Yes
  • Primary Bedroom Features On Main Floor: Yes
  • Primary Bedroom Features Shower Stall: Yes
  • Laundry Features Laundry Area: Yes
  • Living Room Features Great Room3: Yes
  • Kitchen Features Built- In Dishwasher: Yes
  • Kitchen Features Disposal2: Yes
  • Window Features Metal Frames: Yes
  • Laundry Features Shelves: Yes
  • Interior Features Kitchen Island: Yes
  • Kitchen Features Built- In Microwave: Yes
  • Kitchen Features Kitchen Island2: Yes
  • Dining Room Features Great Room4: Yes
  • Flooring Tile: Yes
  • Flooring Vinyl: Yes
  • Living Room Features Dining Room Combination: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Deck
  • Construction Materials Wood Siding: Yes
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Garage Spaces: 2.0
  • Has Attached Garage?: Yes
  • Parking Features: Attached
  • 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

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Water Meter Installed
  • Water Source: Public
  • Laundry Features: Laundry Area, Shelves
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Heating Y N3: Yes
  • Utilities Cable Available: 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

Schools

  • Middle Or Junior School: OBrien

Lot Info

  • Parcel Number: 08283021
  • Fencing: Back Yard
  • Lot Size Sq Ft: 6098.4
  • Zoning: SF6

Tax Info

  • Tax Annual Amount: 1268.65

MLS Schools

  • Elementary School: Smith
  • HighSchool: North Valleys

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2021
Closed on
Dec 13, 2021
Sold by
Caufield Linda and The Hatch Family Trust
Bought by
Dela Torre Esmeralda and De La Torre
Seller's Agent
Terri Cole
Coldwell Banker Select Mt Rose
Buyer's Agent
William De La Torre
Krch Realty
List Price
$425,000
Sold Price
$393,000
Premium/Discount to List
-$32,000
-7.53%
Current Estimated Value
$426,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,920
Avg. Annual Appreciation
2.19%
Original Mortgage
$373,350
Outstanding Balance
$343,384
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$83,536

Purchase Details

Closed on
Jan 10, 1994
Sold by
Hatch D Kent and Hatch Patricia V
Bought by
Hatch D Kent and Hatch Patricia V
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
Dela Torre Esmeralda $393,000 Ticor Title Reno
Hatch D Kent -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dela Torre Esmeralda $373,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2021 12/30/21 Sold $393,000 -1.7% $332 / Sq Ft
12/03/2021 12/03/21 Pending -- -- --
11/24/2021 11/24/21 Price Changed $399,900 -5.9% $338 / Sq Ft
11/09/2021 11/09/21 For Sale $425,000 -- $359 / 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 $1,596 $57,111 $30,058 $27,053
2024 $1,478 $56,253 $28,529 $27,724
2023 $1,478 $55,654 $29,061 $26,593
2022 $1,368 $46,657 $24,206 $22,451
2021 $1,269 $38,667 $16,027 $22,640
2020 $1,195 $39,387 $16,426 $22,961
2019 $1,137 $37,275 $14,863 $22,412
2018 $1,084 $33,291 $11,106 $22,185
2017 $1,042 $31,391 $8,944 $22,447
2016 $1,015 $30,173 $7,016 $23,157
2015 $257 $28,534 $5,819 $22,715
2014 $983 $27,425 $5,420 $22,005
2013 -- $25,956 $3,957 $21,999
Source: Public Records

Agents Affiliated with this Home

  • Terri Cole

    Seller's Agent in 2021

    Terri Cole

    Coldwell Banker Select Mt Rose

    (775) 772-2466

    1 in this area

    80 Total Sales

    Terri Cole
    Section Image

  • W

    Buyer's Agent in 2021

    William De La Torre

    Krch Realty

    Section Image
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Map

Source: Northern Nevada Regional MLS

MLS Number: 210016763

Northern Nevada Regional MLS

APN: 082-830-21

Nevada Washoe County Reno 89506 Raleigh Heights

550 Colby Ln, Reno, NV

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