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1045 Riverside Drive

1045 Riverside Drive, Reno, NV 89503
Property in Washoe
Sold Sep 29, 2021
$2,570,000
$2,075,000 by Bank Of The Sierra
Mortgage
Sold Jul 29, 2004
$1,200,000
$854,000 by Jackson Federal Bank
Mortgage
Local assessors in Reno, NV have categorized 1045 Riverside Drive as a residential type of property. The home was built in 1934 and is 90 years old. The property's lot size has been calculated to be 13,286 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily 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, 18 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 18 full bathrooms. There are also 18 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1045 Riverside Drive has a total of 9,679 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 2,451 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 1,690 sqft. There are 6 available parking spaces so it's a great situation for those with more than one car. 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 wood 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 - E. The building has a roof that is made of asphalt and ply sheets in a built-up roof style. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a hot water 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, 1045 Riverside Drive sold most recently in Sep 23, 2021 for a total of $2,570,000. If you work out the math, that's approximately a cost of $265.52 per sqft. Before that, the property was also sold for $1,200,000 in Jul 15, 2004. 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 $7,334 in taxes each year. The initial year of tax delinquency occurred in 2023. 1045 Riverside Drive was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $257,882. If we break it down further, the land itself was valued at $144,900. Improvements to the property, however, were assessed at a total of $112,982. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 1934
  • Building Count: 1
  • Bedroom Count: 18
  • Bathroom Count: 18
  • Full Bathrooms: 18
  • Partial Bathrooms: 18
  • Bathroom Plumbing Fixtures: 72
  • Building Condition: Good
  • Building Quality: E
  • Construction Type: Wood
  • Building Style: Multifamily
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Built-up
  • Floor Count: 2
  • Living Units: 18
  • Business/Commerical Units Count: 18
  • Basement Type: Finished improved basement
  • Basement Area: 2,451
  • Garage Type: Detached
  • Garage Square Area: 1,690
  • Parking Space Count: 6

    Dimensions

  • Lot Size Square Feet: 13,286
  • Total Building Area: 9,679
  • Gross Building Area: 12,130
  • Building Area: 9,679
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 9,679
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: POWNINGS ADDITION
  • Land Acres: 0.305
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: POWNINGS ADD AMD LT 11 & 12 BLK Z

Ownership

  • Current Owner : RENO RIVERSIDE LLC
  • Current Owner 2: RIVERSIDE DRIVE LOOMIS MANOR LLC
  • Previous Owner : PROVASI THOMAS J
  • Previous Owner 2: PROVASI SANDRA L
  • Owner Before Previous Owner: LOOMIS MANOR LLC
  • Ownership Rights Codes: Tenants in Common
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: MF30

Geography

  • Assessors Map Reference: 011-08
  • Parcel: 011-082-10
  • Block: Z
  • Lot: 11,12
  • Meridian: SEC 11 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5209
  • Longitude: -119.826

    Address

  • Full Address: 1045 Riverside Dr
  • Address - House Number: 1045
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: NV
  • City Name: Reno
  • Carrier Code: C009
  • 4-Digit Zip Code: 5458
  • Zip Code: 89503

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,334
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.2968
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 40
  • Final Value: 1,027,171
  • High Value: 1,332,079
  • Low Value: 722,262

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,075,000
  • First Open Lien Mortgage Lender: BANK OF THE SIERRA
  • First Open Lien Mortgage Recording Date: Sep 06, 2023
  • First Open Lien Mortgage Loan Amount: $2,075,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $484,759
  • Market Land Value: $252,000
  • Market Improvement Value: $232,759

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $257,882
  • Assessed Land Value: $144,900
  • Assessed Improvements Value: $112,982

    Sales

  • Current Sale Contract Date: Sep 23, 2021
  • Current Sale Recording Date: Sep 29, 2021
  • Current Sale Transaction ID: 11864280443
  • Current Sale Price: $2,570,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5232111
  • Previous Sale Recording Date: Jul 29, 2004
  • Previous Sale Contract Date: Jul 15, 2004
  • Previous Sale Amount: $1,200,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: VERUS COMMERICLA REAL ESTATE F
  • First Mortgage Transaction Date: Sep 29, 2021
  • First Mortgage Loan Amount: $6,383,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Previous Mortgages

  • Previous Mortgage Lender: JACKSON FEDERAL BANK
  • Previous Mortgage Transaction Date: Jul 29, 2004
  • Previous Mortgage Loan Amount: $854,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Reno



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Frequently Asked Questions

What neighborhood is 1045 Riverside Drive located in?
The 1045 Riverside Drive is a located in the neighborhood of Washoe in Reno, Reno.
What is the average sales price for listings in 1045 Riverside Drive?
The average sales price for units in 1045 Riverside Drive is $0 currently.

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