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1385 North Virginia Street

1385 North Virginia Street, Reno, NV 89503
Multifamily in Campus Heights
Sold May 14, 2019
$9,350,000
Sold Apr 01, 1997
$110,000
$77,000 by Crossland Mtg
Mortgage Due Apr 01, 2027
1385 North Virginia Street in Reno, NV was first built in 2017 and is 7 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 3 floors. There are a total of 0 rooms in the home, of which, 40 are bedrooms. In terms of bathrooms, there are a total of 44 full bathrooms. There are 44 partial bathrooms. 1385 North Virginia Street has 37,551 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. The basement is 1,138 sqft and has been categorized as a unknown. In total, the area measurement of the land is 22,688 square feet.

Learn more about the property and building on this page. There is a porch and a patio. 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. For those who need parking, there is a attached garage. The garage is 361 sqft. 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 wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. 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, 1385 North Virginia Street sold most recently in May 6, 2019 for a total of $9,350,000. If you work out the math, that's approximately a cost of $248.99 per sqft. Before that, the property was also sold for $110,000 in Mar 31, 1997. 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 $0 in taxes each year. 1385 North Virginia Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,949,719. If we break it down further, the land itself was valued at $794,080. Improvements to the property, however, were assessed at a total of $2,155,639. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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

Metal Exterior
Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 40
  • Bathroom Count: 44
  • Full Bathrooms: 44
  • Partial Bathrooms: 44
  • Bathroom Plumbing Fixtures: 223
  • Building Quality: C+
  • Construction Type: Wood
  • Building Style: Multifamily
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Living Units: 23
  • Basement Area: 1,138
  • Garage Type: Attached
  • Garage Square Area: 361
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 22,688
  • Total Building Area: 37,551
  • Gross Building Area: 37,551
  • Building Area: 37,551
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 37,551
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CAMPUS HEIGHTS
  • Land Acres: 0.521
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: ROS 5686 LOT B

Ownership

  • Current Owner : GREATER NEVADA CREDIT UNION
  • Previous Owner : PINK HILL PROPERTIES LLC
  • Owner Before Previous Owner: JOHNSON SAN
  • Owner Before Previous Owner 2: JOHNSON LAUREN
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 001504

Zoning

  • Zoning: MU

Geography

  • Subdivision Tract Number: 5686
  • Parcel: 007-125-12
  • Block: C
  • Lot: B
  • Meridian: SEC 2 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5417
  • Longitude: -119.818

    Address

  • Full Address: 1385 N Virginia St
  • Address - House Number: 1385
  • Street Direction: N
  • Address - Street Name: Virginia
  • Address - Suffix Type: St
  • State: NV
  • City Name: Reno
  • Carrier Code: C020
  • 4-Digit Zip Code: 3279
  • Zip Code: 89503

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 1000

    Market Valuation

  • Market Total Value: $6,944,082
  • Market Land Value: $1,815,040
  • Market Improvement Value: $5,129,042

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,949,719
  • Assessed Land Value: $794,080
  • Assessed Improvements Value: $2,155,639

    Sales

  • Current Sale Contract Date: May 06, 2019
  • Current Sale Recording Date: May 14, 2019
  • Current Sale Transaction ID: 11607459198
  • Current Sale Price: $9,350,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 4910615
  • Previous Sale Recording Date: Apr 01, 1997
  • Previous Sale Contract Date: Mar 31, 1997
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: CROSSLAND MTG
  • Previous Mortgage Transaction Date: Apr 01, 1997
  • Previous Mortgage Loan Amount: $77,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Apr 01, 2027

About University of Nevada



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Frequently Asked Questions

What neighborhood is 1385 North Virginia Street located in?
The 1385 North Virginia Street is a multifamily located in the neighborhood of Campus Heights in University of Nevada, Reno.
What is the average sales price for listings in 1385 North Virginia Street?
The average sales price for units in 1385 North Virginia Street is $0 currently.

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