NOT LISTED FOR SALE

Park Tower Condos 280 Island Ave Unit 1105 Reno, NV 89501

MidTown Neighborhood

Estimated Value: $311,627 - $342,000

1 Bed
2 Baths
965 Sq Ft
$560/mo HOA Fee

Last Sold May 31, 2024

Last sale price $333,000 $345 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,488/month

46 Days on Market

Highlights

  • City View
  • Wood Flooring
  • 1-minute walk to Barbara Bennett Park
  • Mount Rose K-8 School of Languages Rated A-

About This Home

As of May 2024

Downtown living at its finest! 280 Island Ave #1105 is ready for its next owner, enjoy the outstanding views and being in the heart of the city, close to shopping, restaurants, music events, and all that the Truckee river has to offer! Park Towers Condos present a unique opportunity for investment, being one of the only short-term rental properties available in the downtown area. The HOA covers all utilities except for electricity., Parking garage attached, current owner does not have a spot and new owner would need to pay a monthly fee to obtain one - there is currently a waiting list as well. Inquire for details on garage parking fee. HOA monthly fee subject to change based on management company. Conference room and waiting area downstairs available to owners with on-site management. Building has secure front entrance with door code access.

Last Agent to Sell the Property

John Ewing

Address Income License #S.182736 Listed on: 02/21/2024

Last Buyer's Agent

Derek Partridge

Compass License #S.184732

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,106

Year Built

  • Built in 1961

HOA Fees

  • $560 per month

Home Design

  • Flat Roof Shape

Interior Spaces

  • 965 Sq Ft Home

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Schools

  • Mt. Rose Elementary School
  • Swope Middle School
  • Reno High School

Utilities

  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 01147421

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,106

Year Built

Built in 1961

Lot Details

0

HOA Fees

$560 per month

Listing Details

  • Year Built: 1961
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Horses: No
  • Road Frontage Type: Private Road, Other
  • Co List Office Mls Id: 2488-o
  • Co List Office Phone: 775-233-0754
  • Directions: Arlington --> Island
  • Property Attached Yn: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Oven, Refrigerator
  • Flooring: Carpet, Wood
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Interior Amenities: Breakfast Bar, Elevator, Lift or Stair Chair, Primary Downstairs, Walk-In Closet(s)
  • Window Features: Blinds, Double Pane Windows, Drapes, Rods

Exterior Features

  • Exterior Features: None
  • Roof: Flat
  • Stories: 1
  • View: City, Mountain(s), Park/Greenbelt, Trees/Woods
  • Construction Type: Brick
  • Foundation Details: Slab
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Assigned, Attached, Common, Garage, Under Building

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Phone Available, Sewer Available, Water Available, Cellular Coverage
  • Water Source: Public
  • Laundry Features: Common Area
  • Cooling: Central Air, Refrigerated
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Middle Or Junior School: Swope

Lot Info

  • Parcel Number: 01147421
  • Fencing: None
  • Zoning: MD-RD

Tax Info

  • Tax Annual Amount: 1106.47

MLS Schools

  • Elementary School: Mt. Rose
  • HighSchool: Reno

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2024
Closed on
May 29, 2024
Sold by
Bonderson Rachel
Bought by
Birksson Family Trust and Birks
Seller's Agent
John Ewing
Address Income
Buyer's Agent
Derek Partridge
Compass
List Price
$375,000
Sold Price
$333,000
Premium/Discount to List
-$42,000
-11.2%
Total Days on Market
46
Views
105
Current Estimated Value
$325,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,343
Avg. Annual Appreciation
-2.18%
Original Mortgage
$249,750
Outstanding Balance
$247,689
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$77,968

Purchase Details

Listed on
Jun 15, 2021
Closed on
Feb 15, 2022
Sold by
William Scott
Bought by
Bonderson Rachel
Seller's Agent
William Scott
Solid Source Realty
Buyer's Agent
Laura Rice
Engel & Volkers Reno
List Price
$299,000
Sold Price
$299,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.84%
Original Mortgage
$239,200
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 21, 2019
Closed on
Jul 1, 2019
Sold by
Lille M Laforce Trust
Bought by
Scott William
Seller's Agent
Sureyya Kahraman
Solid Source Realty
Buyer's Agent
Sureyya Kahraman
Solid Source Realty
List Price
$262,000
Sold Price
$262,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.13%

Purchase Details

Closed on
Feb 14, 2011
Sold by
Laforce Lillie M
Bought by
Lafroce Lillie M and Lillie M Laforce Trust

Purchase Details

Closed on
Apr 10, 2009
Sold by
Laforce Lillie M
Bought by
Laforce Lillie M and Lillie M Laforce Trust

Purchase Details

Closed on
Feb 27, 2002
Sold by
Schange William J
Bought by
Laforce Lillie M

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
6.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Birksson Family Trust $333,000 Stewart Title
Bonderson Rachel $299,000 Ticor Title
Scott William $262,000 First Centennial Reno
Lafroce Lillie M -- Accommodation
Laforce Lillie M -- None Available
Laforce Lillie M $139,500 First American Title
Laforce Lillie M $139,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Birksson Family Trust $249,750
Previous Owner Bonderson Rachel $239,200
Previous Owner Laforce Lillie M $50,000
Previous Owner Laforce Lillie M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $333,000 -9.2% $345 / Sq Ft
04/06/2024 04/06/24 Pending -- -- --
03/28/2024 03/28/24 Price Changed $366,700 -2.2% $380 / Sq Ft
02/20/2024 02/20/24 For Sale $375,000 +25.4% $389 / Sq Ft
03/19/2022 03/19/22 Off Market $299,000 -- --
02/18/2022 02/18/22 Sold $299,000 0.0% $310 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $299,000 0.0% $310 / Sq Ft
09/16/2021 09/16/21 Price Changed $299,000 0.0% $310 / Sq Ft
09/15/2021 09/15/21 Off Market $299,000 -- --
08/27/2021 08/27/21 Price Changed $335,000 -2.9% $347 / Sq Ft
08/06/2021 08/06/21 For Sale $345,000 0.0% $358 / Sq Ft
07/03/2021 07/03/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $345,000 +31.7% $358 / Sq Ft
07/01/2019 07/01/19 Sold $262,000 0.0% $272 / Sq Ft
05/26/2019 05/26/19 Pending -- -- --
05/21/2019 05/21/19 For Sale $262,000 -- $272 / 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 $1,212 $56,192 $29,155 $27,037
2024 $1,212 $55,909 $28,945 $26,964
2023 $1,122 $48,755 $24,010 $24,745
2022 $1,060 $40,050 $19,775 $20,275
2021 $1,022 $37,202 $17,465 $19,737
2020 $966 $36,303 $16,415 $19,888
2019 $922 $34,987 $16,415 $18,572
2018 $855 $28,216 $10,010 $18,206
2017 $832 $27,316 $9,275 $18,041
2016 $810 $25,036 $7,385 $17,651
2015 $202 $23,201 $5,845 $17,356
2014 $801 $25,626 $5,845 $19,781
2013 -- $17,368 $3,500 $13,868
Source: Public Records

Agents Affiliated with this Home

  • John Ewing

    Seller's Agent in 2024

    John Ewing

    Address Income

    (775) 750-1645

    2 in this area

    11 Total Sales

    John Ewing
    Section Image
  • Derek Partridge

    Buyer's Agent in 2024

    Derek Partridge

    Compass

    (515) 490-3222

    3 in this area

    33 Total Sales

    Derek Partridge
    Section Image

  • W

    Seller's Agent in 2022

    William Scott

    Solid Source Realty

  • Laura Rice

    Buyer's Agent in 2022

    Laura Rice

    Engel & Volkers Reno

    (775) 750-0474

    Section Image

  • S

    Seller's Agent in 2019

    Sureyya Kahraman

    Solid Source Realty

See All Agents

About Park Tower Condos

Map

Source: Northern Nevada Regional MLS

MLS Number: 240001698

Northern Nevada Regional MLS

APN: 011-474-21

Nevada Washoe County Reno 89501 MidTown

280 Island Ave Unit 1105, Reno, NV

This home is located at 280 Island Ave Unit 1105, Reno, NV 89501 since 21 February 2024 and is currently estimated at $325,657, approximately $337 per square foot. This property was built in 1961. 280 Island Ave Unit 1105 is a home located in Washoe County with nearby schools including Mount Rose K-8 School of Languages, Darrell C Swope Middle School, and Reno High School.

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