See Home Value
Reno 89512 University Ridge
1031 University Ridge Dr
$495,887*
House - Off Market

1031 University Ridge Dr

Reno, NV 89512
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2360 Sqft
$450,000 - $548,000
Reference Base Price*
-0.62%
Since Oct 1, 2023
National-US
Primary Model
Sold Oct 11, 2023
$480,000
$384,000 by United Wholesale Mortgage Llc
Mortgage Due Nov 01, 2038
Sold Nov 03, 1993
$114,000

About This Property

Relax and Enjoy the Many Comforts of this Spacious University Ridge Home Situated on over 1/3 Acre Just Minutes to the University, Shopping, Downtown, and Freeway access. Features Two Primary Suites, Spacious Kitchen with Granite Counters and Stainless Appliances, 2 X 6 Construction, Laminate Flooring, Mountain and City Views. Oversized 3 Car Garage and Possible RV Parking.  PLEASE SEE ASSOCIATED DOCS.

The manager has listed the unit size as 2360 square feet.
Unit Size
2,360Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$211
Property Type
House
Property Taxes
$293
HOA Dues
$220
Year Built
1996

Price History

Date / Event Date Event Price
Oct 11, 2023 Sold to Beatrice Gustafson, Peter G... $480,000
Sold to Beatrice Gustafson, Peter G...
Sep 15, 2023 No longer available -
No longer available
Sep 9, 2023 Price Decreased $499,000
↓ $100K (16.7%)
Price Decreased
Sep 7, 2023 Relisted $599,000
Relisted
Sep 6, 2023 No longer available -
No longer available
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bi-level
  • Exterior Walls Type: Wood
  • Roof Cover Type: Concrete
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,344
  • Garage Type: Underground/basement
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 14,636
  • Total Building Area: 3,128
  • Gross Building Area: 3,128
  • Building Area: 2,360
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,360
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: UNIVERSITY RIDGE 1
  • Land Acres: 0.336
  • Standard Land Use Code: Single family residential
  • Legal Description 1: UNIVERSITY RIDGE 1 LT 21 BLK B

Ownership

  • Current Owner : GUSTAFSON PETER
  • Current Owner 2: GUSTAFSON BEATRICE
  • Previous Owner : SCHMIDT JOHN CLARENCE
  • Previous Owner 2: SCHMIDT SHERRY LYNNE
  • Owner Before Previous Owner: RIDGELAND LAND CO
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 001501

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: 003-54
  • Parcel: 003-542-01
  • Block: B
  • Lot: 21
  • Meridian: SEC 35 TWN 20N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5576
  • Longitude: -119.811

    Address

  • Full Address: 1031 University Ridge Dr
  • Address - House Number: 1031
  • Address - Street Name: University Ridge
  • Address - Suffix Type: Dr
  • State: NV
  • City Name: Reno
  • Carrier Code: C069
  • 4-Digit Zip Code: 4533
  • Zip Code: 89512

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,520
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1501
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 635,746
  • High Value: 731,225
  • Low Value: 540,266

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $384,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 11, 2023
  • First Open Lien Mortgage Loan Amount: $384,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2038

    Market Valuation

  • Market Total Value: $261,013
  • Market Land Value: $72,000
  • Market Improvement Value: $189,013

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $125,741
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $83,741

    Sales

  • Current Sale Contract Date: Oct 10, 2023
  • Current Sale Recording Date: Oct 11, 2023
  • Current Sale Transaction ID: 11914580115
  • Current Sale Price: $480,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5411438
  • Previous Sale Recording Date: Nov 03, 1993
  • Previous Sale Contract Date: Oct 30, 1993
  • Previous Sale Amount: $114,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 11, 2023
  • First Mortgage Loan Amount: $384,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2038



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,489 ft²
$353/ft²
$524,900 Sep 7, 2023
-
$459/mo

About University Ridge


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Nearby Rentals

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Unit for rent at 2565 Cityview Terrace, Reno, NV, 89512

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2565 Cityview Terrace, Reno, NV, 89512 Listing by Manager
Unit for rent at 1410 Ralston Street, Reno, NV, 89503

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1410 Ralston Street #1410 Ralston Street, Reno, NV, 89503 Listing by Manager


Frequently Asked Questions

When was property at 1031 University Ridge Drive built and last sold?
The property at 1031 University Ridge Drive was built in 1996 and last sold on Oct 10, 2023 for $480,000.
How much is this home worth?
The estimated value of the home located at 1031 University Ridge Drive is $655,995.
What are some comparable homes to 1031 University Ridge Drive?
Homes that are comparable to 1031 University Ridge Drive include a house property at 3480 Socrates Drive, located in Reno, NV.

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