NOT LISTED FOR SALE

5501 E Rainbow Ridge Ct Reno, NV 89523

Mae Anne Avenue Neighborhood

Estimated Value: $594,000 - $737,675

4 Beds
3 Baths
2,272 Sq Ft
$288/Sq Ft Est. Value

Sale Details

Date Sold: June 9, 2025

Last sale price $550,000 $242 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,835 / mo

226 Days on Market

Highlights

  • 0.8 Acre Lot
  • No HOA
  • Fireplace
  • Mountain View
  • Cul-De-Sac
  • 2 Car Attached Garage

About This Home

As of June 2025

Blank slate to make your own! Large lot with mature sequoia trees. Home was being prepped for a remodel and just needing things completed. RV parking on side yard, 2 car garage plus half that was used as a workshop, currently has doors on it. New roof completed a year ago as well as tankless water heater installed.

Last Agent to Sell the Property

Desiree Holland

Fathom Realty License #S.176996 Listed on: 09/24/2024

Fathom Realty

Last Buyer's Agent

Kyla Bevel

Key Collective License #B.146350

Key Collective
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,883

Year Built

  • Built in 1988

Lot Details

  • 34,848 Sq Ft Lot
  • Cul-De-Sac
  • Back Yard Fenced
  • Landscaped
  • Front and Back Yard Sprinklers
  • Property is zoned SF8

Parking

  • 2 Car Attached Garage

Home Design

  • Shingle Roof
  • Composition Roof
  • Stick Built Home

Interior Spaces

  • 2,272 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • No Floor Coverings
  • Mountain Views
  • Crawl Space
  • Security System Owned

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Dual Sinks
  • Garden Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Winnemucca Elementary School
  • Billinghurst Middle School
  • Mcqueen High School

Utilities

  • Refrigerated and Evaporative Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Reno Community
  • Sierra Highlands 5 Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 03945106

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,883

Year Built

Built in 1988

Lot Details

0.8 Acres

Parking

2

Listing Details

  • Year Built: 1988
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: No
  • Lot Features: Cul-De-Sac, Landscaped, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Acres: 0.8
  • Road Frontage Type: Other
  • Is Senior Community?: No
  • Has View?: Yes
  • Security Features: Security System Owned
  • Association Amenities: None
  • Has H O A?: No
  • Co List Office Mls Id: 2441-o
  • Co List Office Phone: 888-455-6040
  • Subdivision Name: Sierra Highlands 5
  • Directions: Mae Anne Ave/ Rainbow Ridge DR.
  • Has Cooling?: Yes
  • Has Fireplace?: Yes
  • Living Area: 2272.0
  • Is New Construction?: No
  • Property Attached Yn: No
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Winnemucca, Sarah
  • Tax Legal Middle Or Junior School2: Billinghurst
  • Tax Legal High School: McQueen
  • Tax Legal Tax Annual Amount: 2883.38
  • Tax Legal Zoning4: SF8
  • Association Community Association Y N3: No
  • Building Stories5: 2
  • Building Property Attached Y N: No
  • Building Home Warranty Y N: Yes
  • Lot Lot Size Acres2: 0.8
  • Lot Lot Size Square Feet2: 34848.0
  • Lot Horse Y N2: No
  • Lot View Y N2: Yes
  • Cooling Evaporative Cooling: Yes
  • Fencing Back Yard: Yes
  • Lot Features Cul- De- Sac: Yes
  • Lot Features Landscaped: Yes
  • Foundation Details Crawl Space: Yes
  • Lot Features Sprinklers In Front: Yes
  • Lot Features Sprinklers In Rear: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Sprinklers Front: Yes
  • Sprinklers Rear: Yes
  • Typeof Construction Site Stick- Built: Yes
  • Water Rights Water Rights Y N: No
  • Appliances Dryer: Yes
  • Appliances Washer: Yes
  • Outdoor Living Spaces Patio2: Yes
  • Sprinklers Drip System In Front: Yes
  • View Mountain(s): Yes
  • Security Features Security System Owned: Yes
  • Association Community Senior Community Y N3: No
  • Appliances Gas Range: Yes
  • Water Heater Tankless: Yes
  • Appliances Included As Personal Property Gas Oven2: Yes
  • Building New Construction Y N3: No
  • Tax Legal Community Name5: Reno
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Gas Range, Washer
  • Flooring: None
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Interior Living Area4: 2272.0
  • Interior Fireplace Y N: Yes
  • Living Room Features Separate Formal Room: Yes
  • Family Room Features Separate Formal Room3: Yes
  • Dining Room Features Living Room Combination: Yes
  • Primary Bedroom Features Double Sinks: Yes
  • Laundry Features Laundry Area: Yes
  • Primary Bedroom Features Garden Tub: Yes
  • Flooring None11: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Shingle
  • Stories: 2
  • View: Mountain(s)
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Patio
  • Roof Composition: 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, Cellular Coverage
  • Water Source: Public
  • Laundry Features: Laundry Area
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Cooling Y N3: Yes
  • 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 Internet Available: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes

Schools

  • Middle Or Junior School: Billinghurst

Lot Info

  • Parcel Number: 03945106
  • Fencing: Back Yard
  • Lot Size Sq Ft: 34848.0
  • Zoning: SF8

Tax Info

  • Tax Annual Amount: 2883.38

MLS Schools

  • Elementary School: Winnemucca, Sarah
  • HighSchool: McQueen

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2024
Closed on
Jun 5, 2025
Sold by
Jerry Shea Revocable Trust and Shea Jerry
Bought by
Seller's Agent
Desiree Holland
Fathom Realty
Buyer's Agent
Kyla Bevel
Key Collective
List Price
$594,000
Sold Price
$550,000
Premium/Discount to List
-$44,000
-7.41%
Views
606
Current Estimated Value
$653,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,419
Avg. Annual Appreciation
15.04%
Original Mortgage
$565,000
Outstanding Balance
$558,533
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$94,886

Purchase Details

Closed on
Mar 15, 2023
Sold by
Shea Jerry P
Bought by
Jerry Shea Revocable Trust
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$550,000 Landmark Title
Jerry Shea Revocable Trust -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $565,000
Previous Owner Shea Jerry P $150,000
Previous Owner Shea Jerry P $114,900
Previous Owner Shea Jerry P $125,650
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/09/2025 06/09/25 Sold $550,000 -7.4% $242 / Sq Ft
05/07/2025 05/07/25 For Sale $594,000 0.0% $261 / Sq Ft
05/07/2025 05/07/25 Pending -- -- --
03/10/2025 03/10/25 Price Changed $594,000 -0.8% $261 / Sq Ft
11/22/2024 11/22/24 Price Changed $599,000 -4.2% $264 / Sq Ft
09/23/2024 09/23/24 For Sale $625,000 -- $275 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,968 $112,520 $53,412 $59,108
2025 $2,883 $104,984 $44,240 $60,744
2024 $2,883 $103,416 $41,300 $62,116
2023 $2,795 $103,168 $43,855 $59,313
2022 $2,714 $85,881 $36,120 $49,761
2021 $2,637 $74,660 $24,675 $49,985
2020 $2,567 $76,275 $25,795 $50,480
2019 $2,451 $72,030 $23,590 $48,440
2018 $2,347 $64,934 $17,220 $47,714
2017 $2,291 $63,379 $15,262 $48,117
2016 $2,224 $64,166 $14,896 $49,270
2015 $2,221 $62,613 $13,001 $49,612
2014 $2,157 $58,840 $10,507 $48,333
2013 -- $56,846 $9,065 $47,781
Source: Public Records

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Map

Source: Northern Nevada Regional MLS

MLS Number: 240012341

Northern Nevada Regional MLS

APN: 039-451-06

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