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1026 West 2nd Street

1026 West 2nd Street, Reno, NV 89503
Multifamily in Chism
Sold Oct 29, 2020
$330,000
Sold Nov 01, 2019
$302,000
$226,500 by All Western Mortgage Inc
Mortgage Due Nov 01, 2049
Local assessors in Reno, NV have categorized 1026 West 2nd Street as a residential type of property. The home was built in 1942 and is 82 years old. The property's lot size has been calculated to be 3,049 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1026 West 2nd Street has a total of 1,148 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a roof that is made of composition shingle. Lots of shingles that aren't wood were used in the construction of the exterior walls of the home. Residents rely on a wall air conditioning unit for their cooling system. The home's floor/wall heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1026 West 2nd Street sold most recently in Oct 27, 2020 for a total of $330,000. If you work out the math, that's approximately a cost of $287.46 per sqft. Before that, the property was also sold for $302,000 in Oct 30, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $880 in taxes each year. The initial year of tax delinquency occurred in 2021. 1026 West 2nd Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $56,856. If we break it down further, the land itself was valued at $42,840. Improvements to the property, however, were assessed at a total of $14,016. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Wood Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Duplex
  • Exterior Walls Type: Single (not wood)
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,049
  • Total Building Area: 1,148
  • Gross Building Area: 1,148
  • Building Area: 1,148
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Wall air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 1,148
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CHISM ADDITION
  • Land Acres: 0.07
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: CHISM ADD LT 1 & E 4 LT 2 BLK 4

Ownership

  • Current Owner : SPARGO THOR
  • Previous Owner : COLDSTREAM PROPERTIES LLC
  • Owner Before Previous Owner: RANA BABAR M

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 001204

Zoning

  • Zoning: GC

Geography

  • Assessors Map Reference: 010-04
  • Parcel: 010-046-04
  • Block: 4
  • Lot: 1,2
  • Meridian: SEC 10,11 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5242
  • Longitude: -119.827

    Address

  • Full Address: 1026 W 2nd St
  • Address - House Number: 1026
  • Street Direction: W
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: NV
  • City Name: Reno
  • Carrier Code: C011
  • 4-Digit Zip Code: 5169
  • Zip Code: 89503

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $880
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 427,219
  • High Value: 503,011
  • Low Value: 351,426

    Market Valuation

  • Market Total Value: $108,743
  • Market Land Value: $80,000
  • Market Improvement Value: $28,743

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $56,856
  • Assessed Land Value: $42,840
  • Assessed Improvements Value: $14,016

    Sales

  • Current Sale Contract Date: Oct 27, 2020
  • Current Sale Recording Date: Oct 29, 2020
  • Current Sale Transaction ID: 11797711120
  • Current Sale Price: $330,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5097798
  • Previous Sale Recording Date: Nov 01, 2019
  • Previous Sale Contract Date: Oct 30, 2019
  • Previous Sale Amount: $302,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: FREMONT BANK
  • First Mortgage Transaction Date: Oct 29, 2020
  • First Mortgage Loan Amount: $205,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: ALL WESTERN MORTGAGE INC
  • Previous Mortgage Transaction Date: Nov 01, 2019
  • Previous Mortgage Loan Amount: $226,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2049

About Chism



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Frequently Asked Questions

What neighborhood is 1026 West 2nd Street located in?
The 1026 West 2nd Street is a multifamily located in the neighborhood of Chism in Chism, Reno.
What is the average sales price for listings in 1026 West 2nd Street?
The average sales price for units in 1026 West 2nd Street is $330,000 currently.

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