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1240 Ridgeway Court

1240 Ridgeway Court, Reno, NV 89503
Sold Feb 04, 2022
$340,000
$145,000 by Dayton Revocable Family Trust
Mortgage
Sold Jul 24, 2013
$121,500
$91,125 by Primelending
Mortgage Due Aug 01, 2043
1240 Ridgeway Court in Reno, NV was first built in 1936 and is 88 years old. Although, the building on the property was most recently renovated and altered in 1980. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1240 Ridgeway Court has 837 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 6,000 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The roof of the home is made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as good. The exterior walls of the home are made of wood siding. Walk into the home itself and you'll find that it is currently being cooled with a wall air conditioning unit. As for heating, the home is utilizing a forced air unit. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1240 Ridgeway Court was last sold in Feb 3, 2022 for $340,000. According to our calculations, that's $256.60 per sqft. Prior to that sales transaction, the property was sold for $121,500 in Jul 17, 2013. Current property owners are expected to pay $950 in taxes per year. The property on 1240 Ridgeway Court was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $60,272. To break that down further, the land itself was valued at $41,195. While improvements to the property were assessed at a total of $19,077. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Frame
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 488
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,325
  • Gross Building Area: 1,423
  • Building Area: 837
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Wall air conditioning unit
  • Heating: Forced air unit
  • Heated Square Feet: 837
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: UNIVERSITY TERRACE ADDITION
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: UNIVERSITY TERRACE ADD AMD LT 6 BLK 20

Ownership

  • Current Owner : DAYTON JOSEPH M
  • Previous Owner : DAYTON REVOCABLE FAMILY TRUST
  • Owner Before Previous Owner: HANSROTE GEORGE
  • Owner Before Previous Owner 2: HANSROTE SUN DUK
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 001400

Zoning

  • Zoning: SF8

Geography

  • Assessors Map Reference: 007-37
  • Parcel: 007-371-10
  • Block: 20
  • Lot: 6
  • Meridian: SEC 2 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5392
  • Longitude: -119.826

    Address

  • Full Address: 1240 Ridgeway Ct
  • Address - House Number: 1240
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: Ct
  • State: NV
  • City Name: Reno
  • Carrier Code: C096
  • 4-Digit Zip Code: 2814
  • Zip Code: 89503

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $950
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1951
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 370,593
  • High Value: 442,913
  • Low Value: 298,274

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $270,000
  • First Open Lien Mortgage Lender: DAYTON REVOCABLE FAMILY TRUST
  • First Open Lien Mortgage Recording Date: Feb 04, 2022
  • First Open Lien Mortgage Loan Amount: $145,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Seller take-back
  • Second Open Lien Mortgage Lender: GUILD MORTGAGE COMPANY LLC
  • Second Open Lien Mortgage Recording Date: Feb 04, 2022
  • Second Open Lien Mortgage Loan Amount: $125,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2

    Market Valuation

  • Market Total Value: $106,177
  • Market Land Value: $61,400
  • Market Improvement Value: $44,777

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $60,272
  • Assessed Land Value: $41,195
  • Assessed Improvements Value: $19,077

    Sales

  • Current Sale Contract Date: Feb 03, 2022
  • Current Sale Recording Date: Feb 04, 2022
  • Current Sale Transaction ID: 11879348816
  • Current Sale Price: $340,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5274673
  • Previous Sale Recording Date: Jul 24, 2013
  • Previous Sale Contract Date: Jul 17, 2013
  • Previous Sale Amount: $121,500
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: DAYTON REVOCABLE FAMILY TRUST
  • First Mortgage Transaction Date: Feb 04, 2022
  • First Mortgage Loan Amount: $145,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Seller take-back
  • Second Mortgage Lender: GUILD MORTGAGE COMPANY LLC
  • Second Mortgage Transaction Date: Feb 04, 2022
  • Second Mortgage Loan Amount: $125,000
  • Second Mortgage Loan Due Date: Mar 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: PRIMELENDING
  • Previous Mortgage Transaction Date: Jul 24, 2013
  • Previous Mortgage Loan Amount: $91,125
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2043

About University of Nevada



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Frequently Asked Questions

What neighborhood is 1240 Ridgeway Court located in?
The 1240 Ridgeway Court is a located in the neighborhood of University Terrace in University of Nevada, Reno.
What is the average sales price for listings in 1240 Ridgeway Court?
The average sales price for units in 1240 Ridgeway Court is $0 currently.

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