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1248 Bon Rea Way

1248 Bon Rea Way, Reno, NV 89503
Sold Aug 13, 2018
$378,000
$302,500 by Greater Nevada Llc
Mortgage Due Apr 01, 2050
Sold Sep 14, 2000
$145,000
Local assessors in Reno, NV have categorized 1248 Bon Rea Way as a residential type of property. The home was built in 1948 and is 76 years old. The property's lot size has been calculated to be 9,600 square feet. 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 1248 Bon Rea Way has a total of 2,076 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 400 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 396 sqft. There are 2 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 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 gable style roof that was made of composition shingle. Lots of wood siding were used in the construction of the exterior walls of the home. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 1248 Bon Rea Way sold most recently in Jun 7, 2018 for a total of $378,000. If you work out the math, that's approximately a cost of $182.08 per sqft. Before that, the property was also sold for $145,000 in Aug 28, 2000. 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 $1,029 in taxes each year. 1248 Bon Rea Way was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $66,974. If we break it down further, the land itself was valued at $41,195. Improvements to the property, however, were assessed at a total of $25,779. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1948
  • Effective Year Built: 1948
  • 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
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 400
  • Garage Type: Detached
  • Garage Square Area: 396
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,600
  • Total Building Area: 2,076
  • Gross Building Area: 2,416
  • Building Area: 2,076
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,076
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: UNIVERSITY TERRACE ADDITION
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: UNIVERSITY TERRACE LOT 4 & FRAC LOT 2 BLK 17

Ownership

  • Current Owner : GINN AARON
  • Current Owner 2: GINN HEATHER
  • Previous Owner : MEYER JOHN RANDOLPH
  • Previous Owner 2: FARNADY GENEVIEVE L
  • Owner Before Previous Owner: URRUTIA JOHN THOMAS
  • Owner Before Previous Owner 2: URRUTIA PAUL S
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Right of Survivorship

Neighborhood

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

Zoning

  • Zoning: SF8

Geography

  • Assessors Map Reference: 007-09
  • Parcel: 007-093-13
  • Block: 17
  • Lot: 4,2
  • Meridian: SEC 2 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5403
  • Longitude: -119.825

    Address

  • Full Address: 1248 Bon Rea Way
  • Address - House Number: 1248
  • Address - Street Name: Bon Rea
  • Address - Suffix Type: Way
  • State: NV
  • City Name: Reno
  • Carrier Code: C096
  • 4-Digit Zip Code: 2805
  • Zip Code: 89503

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,029
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1708
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 574,881
  • High Value: 673,074
  • Low Value: 476,688

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $302,500
  • First Open Lien Mortgage Lender: GREATER NEVADA LLC
  • First Open Lien Mortgage Recording Date: Mar 23, 2020
  • First Open Lien Mortgage Loan Amount: $302,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2050

    Market Valuation

  • Market Total Value: $115,341
  • Market Land Value: $61,400
  • Market Improvement Value: $53,941

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $66,974
  • Assessed Land Value: $41,195
  • Assessed Improvements Value: $25,779

    Sales

  • Current Sale Contract Date: Jun 07, 2018
  • Current Sale Recording Date: Aug 13, 2018
  • Current Sale Transaction ID: 11493466948
  • Current Sale Price: $378,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 4841219
  • Previous Sale Recording Date: Sep 14, 2000
  • Previous Sale Contract Date: Aug 28, 2000
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Aug 13, 2018
  • First Mortgage Loan Amount: $302,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2048

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Frequently Asked Questions

What neighborhood is 1248 Bon Rea Way located in?
The 1248 Bon Rea Way is a house located in the neighborhood of University Terrace in University of Nevada, Reno.
What is the average sales price for listings in 1248 Bon Rea Way?
The average sales price for units in 1248 Bon Rea Way is $0 currently.

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