NOT LISTED FOR SALE

Estimated Value: $763,000 - $839,000

5 Beds
2 Baths
2,266 Sq Ft
$357/Sq Ft Est. Value

Last Sold June 27, 2024

Last sale price $830,000 $366 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,540/month

19 Days on Market

Highlights

  • Deck
  • Double Pane Windows
  • Patio
  • Reno High School Rated A
  • Brick or Stone Mason
  • Community Barbecue Grill

About This Home

As of June 2024

Nostalgic University Location. Nestled in the heart of Reno, this enchanting brick duplex boasts two units, totaling five bedrooms and two bathrooms, providing ample space for comfortable living. Its prime location places it within touching distance of the University of Nevada, Reno, making it an ideal residence for students or savvy investors. With updated features and a newer roof, this property ensures both charm and reliability., The units are separately metered, offering convenience and flexibility for tenants. 3 Designated parking adds to the appeal, providing hassle-free accommodation in a bustling area. Whether seeking great rental income or a home for UNR students, this duplex presents an irresistible opportunity to experience the vibrant energy of college life while enjoying the comforts of modern living.

Last Agent to Sell the Property

Chris Lamb

Ink Realty License #S.179504 Listed on: 05/10/2024

Last Buyer's Agent

Stacie Tprivate

Solid Source Realty License #S.175267

Solid Source Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,568

Year Built

  • Built in 1927

Lot Details

  • 3,485 Sq Ft Lot
  • Fenced Front Yard
  • Landscaped
  • Sprinklers on Timer

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Masonry

Interior Spaces

  • 2,266 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Drapes & Rods
  • Blinds
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Elmcrest Elementary School
  • Clayton Middle School
  • Reno High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Individual Gas Meter
  • Gas Water Heater

Community Details

  • 2 Units
  • Community Barbecue Grill
  • Net Operating Income $37,325

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 00712308

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,568

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Year Built: 1927
  • Property Type: Residential Income
  • Lot Features: Landscaped, Other
  • Lot Size Acres: 0.08
  • Road Frontage Type: Public
  • Security Features: Smoke Detector(s)
  • Association Amenities: Barbecue
  • Co List Office Mls Id: 2472-o
  • Co List Office Phone: 775-624-5531
  • Directions: College/Terrace/Hillside
  • Tax Legal Zoning4: Mu
  • Building Stories5: 2
  • Lot Features Landscaped: Yes
  • Foundation Details Slab: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Appliances Dishwasher: Yes
  • Appliances Dryer: Yes
  • Appliances Washer: Yes
  • Outdoor Living Spaces Deck3: Yes
  • Outdoor Living Spaces Patio2: Yes
  • Security Features Smoke Detector(s): Yes
  • Water Heater Gas5: Yes
  • Sprinklers Automatic: Yes
  • Fencing Front Yard: Yes
  • Construction Materials Brick: Yes
  • Tax Legal Elementary School2: Elmcrest
  • Tax Legal High School2: Reno
  • Lot Lot Size Acres4: 0.08
  • Lot Lot Size Square Feet4: 3484.8
  • Appliances Oven: Yes
  • Appliances Gas Range: Yes
  • Tax Legal Tax Annual Amount3: 1567.86
  • Typeof Construction Masonry5: Yes
  • Incomeand Expenses Net Operating Income: 37325.0
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 1.0
  • Building Number Of Units Total5: 2.0
  • Special Information Onsite Management Y N: No
  • Meter Information Separate Meters Y N: Yes
  • Meter Information Separate Electric Meters Y N: Yes
  • Meter Information Separate Gas Meters Y N: Yes
  • Meter Information Separate Water Meters Y N: No
  • Meter Information Separate Water Heaters Y N: No
  • Meter Information One Primary Electric Meter Y N: No
  • Meter Information One Primary Gas Meter Y N: No
  • Meter Information One Primary Water Meter Y N: No
  • Tax Legal Middleor Junior School: Clayton
  • Association Amenities Barbecue: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Oven, Dishwasher, Dryer, Gas Range, Refrigerator, Washer
  • Flooring: Carpet, Ceramic Tile
  • Number Of Buildings: 1
  • Window Features: Blinds, Double Pane Windows, Drapes, Vinyl Frames
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Window Features Blinds: Yes
  • Window Features Drapes: Yes
  • Flooring Ceramic Tile: Yes
  • Interior Building Area Total3: 2266.0
  • Laundry Features In Unit: Yes

Exterior Features

  • Roof: Composition, Pitched, Shingle
  • Stories: 2
  • Construction Type: Brick
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Deck
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Assigned
  • Total Parking Spaces: 2.0
  • Parking Information Parking Total4: 2.0
  • Parking Features Assigned: Yes

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: In Unit, Varies By Unit
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Utilities Heating Y N5: Yes

Schools

  • Middle Or Junior School: Clayton

Lot Info

  • Parcel Number: 00712308
  • Fencing: Front Yard
  • Lot Size Sq Ft: 3484.8
  • Zoning: Mu

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 38400.0
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1567.86

MLS Schools

  • Elementary School: Elmcrest
  • HighSchool: Reno

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Jun 26, 2024
Sold by
Avant Family Trust and Avant Thomas L
Bought by
Leo Value
Seller's Agent
Chris Lamb
Ink Realty
Buyer's Agent
Stacie Tprivate
Solid Source Realty
List Price
$829,000
Sold Price
$830,000
Premium/Discount to List
$1,000
0.12%
Views
19
Current Estimated Value
$808,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,157
Avg. Annual Appreciation
-1.71%
Original Mortgage
$622,500
Outstanding Balance
$617,817
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$195,367

Purchase Details

Listed on
May 10, 2024
Closed on
Jun 25, 2024
Sold by
Quraishi Nadeem
Bought by
Leo Value
Seller's Agent
Chris Lamb
Ink Realty
Buyer's Agent
Stacie Tprivate
Solid Source Realty
List Price
$829,000
Sold Price
$830,000
Premium/Discount to List
$1,000
0.12%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Outstanding Balance
$617,817
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$195,367

Purchase Details

Closed on
Nov 17, 2004
Sold by
Avant Thomas L and Avant Lynn L
Bought by
Avant Thomas L and Avant Lynn L

Purchase Details

Closed on
Aug 9, 2001
Sold by
Still William A and Still Elizabeth D
Bought by
Avant Thomas L and Avant Lynn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.19%

Purchase Details

Closed on
Aug 20, 1998
Sold by
Rogers Rod M and Rogers Maria E
Bought by
Still William A and Still Elizabeth D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,477
Interest Rate
6.88%
Mortgage Type
FHA
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
Leo Value $830,000 Toiyabe Title
Leo Value -- Toiyabe Title
Avant Thomas L -- --
Avant Thomas L $130,000 First American Title
Still William A $130,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leo Value $622,500
Previous Owner Avant Thomas L $99,353
Previous Owner Avant Thomas L $100,000
Previous Owner Still William A $128,477
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2024 06/27/24 Sold $830,000 +0.1% $366 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
05/09/2024 05/09/24 For Sale $829,000 -- $366 / 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 $1,692 $81,681 $52,710 $28,971
2024 $1,692 $80,747 $51,450 $29,297
2023 $1,568 $77,206 $51,450 $25,756
2022 $1,452 $67,216 $45,500 $21,716
2021 $1,345 $57,940 $36,400 $21,540
2020 $1,264 $56,559 $35,000 $21,559
2019 $1,204 $49,599 $28,700 $20,899
2018 $1,150 $38,159 $17,955 $20,204
2017 $1,101 $36,101 $16,223 $19,878
2016 $1,073 $34,081 $14,238 $19,843
2015 $539 $31,227 $11,200 $20,027
2014 $1,041 $28,243 $9,240 $19,003
2013 -- $27,434 $9,240 $18,194
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 240005466

Northern Nevada Regional MLS

APN: 007-123-08