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1535 Elk Run Trail

1535 Elk Run Trail, Reno, NV 89523
House in Somersett
Sold Jun 27, 2023
$880,000
$710,548 by New American Funding
Mortgage Due Jul 01, 2053
1535 Elk Run Trail has been categorized by the local assessors in Reno, NV as a residential type of property. The building on the property was first built in 2021 and is 3 years old. The home has a total of 3 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1535 Elk Run Trail has 3,288 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,175 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 654 sqft. Residents will have the luxury of enjoying a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of concrete. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 1535 Elk Run Trail sold most recently in Jun 26, 2023 for a total of $880,000. If you work out the math, that's approximately a cost of $223.24 per sqft. 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 $8,483 in taxes each year. 1535 Elk Run Trail was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $279,789. If we break it down further, the land itself was valued at $55,860. Improvements to the property, however, were assessed at a total of $223,929. The property's total assessed value has been marked as more than the total market value which is pretty atypical. 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

Condition

New Construction

Exterior

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

Building Info

Overview

    General

  • Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 15
  • Building Quality: B
  • Construction Type: Frame
  • Roof Cover Type: Concrete
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 654
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,175
  • Total Building Area: 3,942
  • Gross Building Area: 4,086
  • Building Area: 3,288
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,288
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SBE @ SOMERSETT PHASE 3
  • Land Acres: 0.165
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SBE @ SOMERSETT 3 LOT 109

Ownership

  • Current Owner : LOSEKE STELLA M
  • Current Owner 2: LOSEKE JAKOB P
  • Previous Owner : PRESTON HOMES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 002304

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: 234-61
  • Parcel: 234-611-53
  • Lot: 109
  • Meridian: SEC 10 TWN 19N RNG 18E
  • Municipality: CITY OF RENO - VERDI T.V.
  • Latitude: 39.5243
  • Longitude: -119.942

    Address

  • Full Address: 1535 Elk Run Trl
  • Address - House Number: 1535
  • Address - Street Name: Elk Run
  • Address - Suffix Type: Trl
  • State: NV
  • City Name: Reno
  • Carrier Code: R125
  • 4-Digit Zip Code: 6802
  • Zip Code: 89523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,483
  • Tax Rate Code Area: 1011

    Appraisal Valuation

  • Standard Deviation: 0.0659
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 96
  • Final Value: 919,115
  • High Value: 979,723
  • Low Value: 858,508

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $710,548
  • First Open Lien Mortgage Lender: NEW AMERICAN FUNDING
  • First Open Lien Mortgage Recording Date: Jun 27, 2023
  • First Open Lien Mortgage Loan Amount: $710,548
  • 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: Jul 01, 2053

    Market Valuation

  • Market Total Value: $116,678
  • Market Land Value: $114,300
  • Market Improvement Value: $2,378

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $279,789
  • Assessed Land Value: $55,860
  • Assessed Improvements Value: $223,929

    Sales

  • Current Sale Contract Date: Jun 26, 2023
  • Current Sale Recording Date: Jun 27, 2023
  • Current Sale Transaction ID: 11908898213
  • Current Sale Price: $880,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5388751

    Last Sale Mortgage

  • First Mortgage Lender: NEW AMERICAN FUNDING
  • First Mortgage Transaction Date: Jun 27, 2023
  • First Mortgage Loan Amount: $710,548
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

About Somersett



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Unit for rent at 2125 Tara Ridge Trail, Reno, NV, 89523

$2,400 /mo

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2125 Tara Ridge Trail, Reno, NV, 89523 Listing by Lindsay Lucas

Frequently Asked Questions

What neighborhood is 1535 Elk Run Trail located in?
The 1535 Elk Run Trail is a house located in the neighborhood of Somersett in Somersett, Reno.
What is the average sales price for listings in 1535 Elk Run Trail?
The average sales price for units in 1535 Elk Run Trail is $0 currently.

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