NOT LISTED FOR SALE

550 Elko Ave Reno, NV 89512

Downtown Reno Neighborhood

Estimated Value: $635,000 - $1,331,548

1.18 Acres
$833,283 Price per Acre
51,401 Sq Ft Lot

Last Sold June 29, 2012

Last sale price $190,000

Est. 418% increase in value since last sale

Current estimated payment $5,681/month

138 Days on Market

Highlights

  • View of Trees or Woods
  • No HOA
  • Level Lot
  • 1.18 Acre Lot
  • Chain Link Fence
  • Crops

About This Lot

As of June 2012

Great opportunity. Full access from Elko Ave, 5TH Street and 6TH Street. Over an acre. A full 1/2 block!

Last Agent to Sell the Property

Bill Bowden

Nevada Realty & Prop. Mmgmnt License #S.12100 Listed on: 01/28/2012

Last Buyer's Agent

Bill Bowden

Nevada Realty & Prop. Mmgmnt License #S.12100 Listed on: 01/28/2012

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,307

Lot Details

  • 1.18 Acre Lot
  • Property fronts an easement
  • Chain Link Fence
  • Level Lot
  • Rough Grade
  • Property is zoned MUDR

Property Views

  • Woods
  • Mountain

Schools

  • Cannan Elementary School
  • Traner Middle School
  • Hug High School

Farming

  • Crops

Community Details

  • No Home Owners Association
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 00818402

Property Details

Property Type

Land

Est. Annual Taxes

$4,307

Lot Details

0

Listing Details

  • Property Type: Land
  • Horses: No
  • Lot Features: Level
  • Lot Size Acres: 1.18
  • Road Frontage Type: Other, Public Access
  • Road Surface Type: Paved
  • Has View?: Yes
  • Has H O A?: No
  • Co List Office Mls Id: 2308-o
  • Co List Office Phone: 775-686-0016
  • Directions: 5TH/6TH
  • Tax Legal Zoning4: MUDR
  • Lot Features Level: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Water Rights Water Rights Y N: No
  • View Mountain(s): Yes
  • View Trees Woods: Yes
  • Tax Legal Elementary School2: Cannan
  • Tax Legal High School2: Hug
  • Tax Legal Tax Annual Amount3: 4307.0
  • Tax Legal Middleor Junior School3: Traner
  • Association Community Association Y N: No
  • Lot Lot Size Acres: 1.18
  • Lot View Y N4: Yes
  • Lot Horse Y N4: No
  • Land Details Crops Included Y N: Yes
  • Land Details Deed Restrictions: No
  • Land Details Road Easement Y N: Yes
  • Land Details Utility Easement Y N: Yes
  • Fencing Chain Link: Yes
  • Fencing Fenced2: Yes
  • Development Status Rough Grade: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Trees/Woods

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Sewer: Public Sewer
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Water Source Public: Yes

Schools

  • Middle Or Junior School: Traner

Lot Info

  • Parcel Number: 00818402
  • Fencing: Chain Link, Fenced
  • Development Status: Rough Grade
  • Lot Size Sq Ft: 51400.8
  • Crops Included: Yes
  • Zoning: MUDR

Tax Info

  • Tax Annual Amount: 4307.0

MLS Schools

  • Elementary School: Cannan
  • HighSchool: Hug

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2021
Sold by
Alfa One Investments Llc
Bought by
Ritter Timothy D and Ritter Property Trust
Current Estimated Value
$983,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,030,000
Outstanding Balance
$946,115
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$405,646

Purchase Details

Listed on
Jan 28, 2012
Closed on
Jun 27, 2012
Sold by
Mcdonough Robert E and Mddonough Nadeen
Bought by
Alfa One Investments Llc
Seller's Agent
Bill Bowden
Nevada Realty & Prop. Mmgmnt
Buyer's Agent
Bill Bowden
Nevada Realty & Prop. Mmgmnt
List Price
$224,900
Sold Price
$190,000
Premium/Discount to List
-$34,900
-15.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.05%

Purchase Details

Closed on
Aug 4, 2011
Sold by
Elko Avenue Properties Inc
Bought by
Mcdonough Robert and Mcdonough Nadeen

Purchase Details

Closed on
Jun 25, 2010
Sold by
Anderson Chris
Bought by
Elko Avenue Properties Inc

Purchase Details

Closed on
Nov 1, 2004
Sold by
Anderson Kelli
Bought by
Anderson Chris

Purchase Details

Closed on
Aug 27, 2004
Sold by
Elko Avenue Properties Inc
Bought by
Anderson Chris

Purchase Details

Closed on
Mar 27, 1997
Sold by
Mcdonough Robert E and Nadeen Mcdonough L
Bought by
Elko Avenue Properties Inc
Source: Public Records

Range of Values:

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Average Value
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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
Ritter Timothy D $1,250,000 First Centennial Reno
Alfa One Investments Llc $190,000 First American Title Reno
Mcdonough Robert -- None Available
Elko Avenue Properties Inc -- First Centennial Reno
Anderson Chris -- First American Title
Anderson Chris $375,000 First American Title
Elko Avenue Properties Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ritter Timothy D $1,030,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2012 06/29/12 Sold $190,000 -15.5% --
06/14/2012 06/14/12 Pending -- -- --
01/28/2012 01/28/12 For Sale $224,900 -- --
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 $4,008 $154,872 $153,528 $1,344
2024 $4,008 $154,974 $153,528 $1,446
2023 $3,711 $139,371 $138,175 $1,196
2022 $3,437 $116,118 $115,146 $972
2021 $3,182 $93,074 $92,117 $957
2020 $2,992 $93,068 $92,117 $951
2019 $2,849 $80,379 $79,473 $906
2018 $2,719 $80,338 $79,473 $865
2017 $2,593 $73,110 $72,248 $862
2016 $2,543 $69,482 $68,636 $846
2015 $2,543 $69,466 $68,636 $830
2014 $2,536 $69,441 $68,636 $805
2013 -- $67,250 $66,469 $781
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Bill Bowden

    Nevada Realty & Prop. Mmgmnt

    (775) 750-4081

    17 Total Sales

    Bill Bowden
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Map

Source: Northern Nevada Regional MLS

MLS Number: 120001279

Northern Nevada Regional MLS

APN: 008-532-03

Nevada Washoe County Reno 89512 Downtown Reno

550 Elko Ave, Reno, NV

This home is located at 550 Elko Ave, Reno, NV 89512 since 28 January 2012 and is currently estimated at $983,274. 550 Elko Ave is a home located in Washoe County with nearby schools including Libby C Booth Elementary School, Vaughn Middle School, and Earl Wooster High School.

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