NOT LISTED FOR SALE

705 Jamaica Ave Unit 4 Reno, NV 89502

Smithridge Neighborhood

Estimated Value: $201,441 - $221,000

2 Beds
1 Bath
798 Sq Ft
$135/mo HOA Fee

Last Sold November 13, 2020

Last sale price $180,000 $226 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,338/month

5 Days on Market

Highlights

  • Unit is on the top floor
  • Deck
  • Breakfast Bar
  • Damonte Ranch High School Rated A-
  • Cooling Available
  • 5-minute walk to Jamaica Park

About This Home

As of November 2020

Super Condo/Home opportunity; 2 Bdrm, Top Floor, 1 Bath Condo. Come see this wonderful Condo featuring with updated Kitchen and soon to be updated bathroom. Designated UtilityArea for full sized Washer and Dryer which are included; Lush mature landscaping and dog friendly community. Assigned, Covered Garage-Like Parking with additional exterior Locked Storage Closet. Quiet neighborhood. Easy walking to Shopping Center, Restaurants, the Local Shopping Mall and Transportation., This home would make an excellent home for anyone. Also great investment home for investors looking for cash flow or to 1031 exchange their money into the Nevada area. This home is turnkey and easy to rent out due to its convenient location and proximity to everything. Centrally located for easy access to freeways, the McCarran loop only 8 minutes to the Airport, 25 minutes to Carson City, 41 minutes to Tahoe and 32 minutes to the Tesla Gigafactory.

Last Agent to Sell the Property

Ginger Marphis

Fathom Realty License #S.177579 Listed on: 08/28/2020

Fathom Realty

Last Buyer's Agent

Lisa Williams

Berkshire Hathaway HomeService License #S.188952

Berkshire Hathaway HomeService

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $467

Year Built

  • Built in 1970

Lot Details

  • 436

HOA Fees

  • $135 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 798 Sq Ft Home
  • 2-Story Property
  • Aluminum Window Frames
  • Open Floorplan
  • Laminate Flooring
  • Laundry in Hall

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • 1 Carport Space

Schools

  • Smithridge Elementary School
  • Pine Middle School
  • Wooster High School

Utilities

  • Cooling Available
  • Baseboard Heating
  • Electric Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Additional Features

  • Deck
  • Landscaped
  • Unit is on the top floor

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 02511232

Community Details

Overview

  • $250 HOA Transfer Fee
  • Reno Property Association
  • Maintained Community
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Common Area

Property Details

Home Type

Condominium

Est. Annual Taxes

$467

Year Built

Built in 1970

Lot Details

0

HOA Fees

$135 per month

Listing Details

  • Year Built: 1970
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Horses: No
  • Lot Features: Common Area, Level
  • Lot Size Acres: 0.01
  • Road Frontage Type: Other
  • Association Amenities: Landscaping, Maintenance Grounds
  • Association Fees: 135.0
  • Association Fee Frequency: Monthly
  • Has H O A?: Yes
  • Co List Office Mls Id: 2441-o
  • Co List Office Phone: 888-455-6040
  • Directions: Hwy 395 to East McCarran, to Neil to Jamaica
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Living Area: 798.0
  • Property Attached Yn: Yes
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Smithridge
  • Tax Legal Middle Or Junior School2: Pine
  • Tax Legal High School: Wooster
  • Tax Legal Tax Annual Amount: 467.11
  • Tax Legal Zoning4: MUCC
  • Association Community Association Y N3: Yes
  • Association Community Association Fee3: 135.0
  • Building Stories5: 2
  • Building Property Attached Y N: Yes
  • Building Home Warranty Y N: Yes
  • Lot Lot Size Acres2: 0.01
  • Lot Lot Size Square Feet2: 435.6
  • Lot Horse Y N2: No
  • Association Details Transfer Fee: 250.0
  • Cooling Electric: Yes
  • Lot Features Level: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Typeof Construction Site Stick- Built: Yes
  • Water Heater Electric5: Yes
  • Water Rights Water Rights Y N: No
  • Appliances Dishwasher: Yes
  • Outdoor Living Spaces Deck3: Yes
  • Association Amenities Maintenance Grounds: Yes
  • Association Amenities Landscaping: Yes
  • Lot Features Common Area3: Yes
  • Association Community Association Fee Frequency3: Monthly
  • Association Details Management Company Name5: Reno Property
  • Appliances Electric Range: Yes
  • Association Details Management Company Phone5: 329-7070
  • Appliances Electric Oven: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Electric Oven, Electric Range, Refrigerator
  • Flooring: Laminate
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar
  • Window Features: Metal Frames, Single Pane Windows
  • Interior Living Area4: 798.0
  • Interior Fireplace Y N: No
  • Interior Features Breakfast Bar: Yes
  • Kitchen Features Breakfast Bar2: Yes
  • Laundry Features In Hall: Yes
  • Kitchen Features Built- In Dishwasher: Yes
  • Dining Room Features Kitchen Combination: Yes
  • Window Features Metal Frames: Yes
  • Flooring Laminate: Yes
  • Unit Level Top Floor: Yes
  • Living Room Features Dining Room Combination: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Pitched, Shingle
  • Stories: 2
  • Construction Type: Vinyl Siding
  • Foundation Details: None
  • Patio And Porch Features: Deck
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes
  • Construction Materials Vinyl Siding: Yes

Garage/Parking

  • Carport Spaces: 1.0
  • Has Carport?: Yes
  • Has Attached Garage?: No
  • Total Parking Spaces: 1.0
  • Parking Information Garage Y N: No
  • Parking Information Carport Y N: Yes
  • Parking Information Carport Spaces2: 1.0
  • Parking Information Parking Total: 1.0

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Phone Available, Sewer Available, Water Available, Water Meter Installed
  • Water Source: Public
  • Laundry Features: In Hall
  • Cooling: Electric
  • Heating: Baseboard, Electric
  • 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 Phone Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Water Meter Installed: Yes
  • Utilities Internet Available: Yes
  • Water Source Public: Yes
  • Heating Baseboard: Yes
  • Heating Electric4: Yes

Schools

  • Middle Or Junior School: Pine

Lot Info

  • Parcel Number: 02511232
  • Fencing: None
  • Lot Size Sq Ft: 435.6
  • Zoning: MUCC

Tax Info

  • Tax Annual Amount: 467.11

MLS Schools

  • Elementary School: Smithridge
  • HighSchool: Wooster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2020
Closed on
Nov 11, 2020
Sold by
Wu Chung Yu and Kuo Hung Wen
Bought by
Williams Michael
Seller's Agent
Ginger Marphis
Fathom Realty
Buyer's Agent
Lisa Williams
Berkshire Hathaway HomeService
List Price
$180,000
Sold Price
$180,000
Current Estimated Value
$212,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,110
Avg. Annual Appreciation
3.19%
Original Mortgage
$173,600
Outstanding Balance
$155,533
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$53,654

Purchase Details

Listed on
Sep 30, 2016
Closed on
Oct 19, 2016
Sold by
Kemp Julie A
Bought by
Wu Chunmg Yu and Kuo Hungh Wen
Seller's Agent
Joan Wright
Haute Properties NV
Buyer's Agent
Ginger Marphis
Fathom Realty
List Price
$80,000
Sold Price
$80,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.05%

Purchase Details

Closed on
Jul 27, 2013
Sold by
Federal National Mortgage Association
Bought by
Kemp Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,200
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2013
Sold by
Repp Sharon Lee
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 13, 2006
Sold by
Repp Sharon Lee
Bought by
Repp Sharon Lee and The Sharon Lee Repp Revocable Inter Vivo

Purchase Details

Closed on
Jun 30, 2005
Sold by
Christian G Thomas and Christian Cynthia R
Bought by
Repp Sharon Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Interest Rate
5.65%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 18, 2002
Sold by
Thompson Thomas
Bought by
Thompson Shari L
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
Williams Michael $180,000 First American Title Reno
Wu Chunmg Yu $80,000 First American Title Ins C
Kemp Julie A $60,000 First American Title Insuran
Federal National Mortgage Association $79,739 Accommodation Only
Repp Sharon Lee -- None Available
Repp Sharon Lee $142,500 First Centennial Title Co
Thompson Shari L $60,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Michael $173,600
Previous Owner Wu Chung Yu $80,250
Previous Owner Kemp Julie A $58,200
Previous Owner Repp Sharon Lee $72,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2020 11/13/20 Sold $180,000 0.0% $226 / Sq Ft
09/23/2020 09/23/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $180,000 +125.0% $226 / Sq Ft
10/21/2016 10/21/16 Sold $80,000 0.0% $100 / Sq Ft
10/07/2016 10/07/16 Pending -- -- --
09/30/2016 09/30/16 For Sale $80,000 -- $100 / 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 $570 $29,941 $18,795 $11,146
2024 $570 $28,415 $17,115 $11,300
2023 $400 $28,552 $18,760 $9,792
2022 $538 $24,620 $16,415 $8,205
2021 $499 $18,787 $10,710 $8,077
2020 $475 $17,953 $9,975 $7,978
2019 $461 $15,706 $7,735 $7,971
2018 $440 $13,042 $4,970 $8,072
2017 $427 $12,413 $4,130 $8,283
2016 $417 $12,291 $3,920 $8,371
2015 $416 $11,963 $3,220 $8,743
2014 $404 $10,966 $2,380 $8,586
2013 -- $10,650 $1,890 $8,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 200012039

Northern Nevada Regional MLS

APN: 025-112-32