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1548 Elk Run Trail

1548 Elk Run Trail, Reno, NV 89523
Property in Somersett
Sold May 21, 2021
$955,000
$764,000 by Primelending
Mortgage Due Jun 01, 2051
Sold Mar 11, 2019
$755,000
1548 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 2019 and is 5 years old. The home has a total of 4 bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1548 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 6,950 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. According to our sources, there are a total of 2 available parking spaces. 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 exterior walls of the building are made of wood siding. 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. 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, 1548 Elk Run Trail was last sold in May 13, 2021 for $955,000. According to our calculations, that's $242.26 per sqft. Prior to that sales transaction, the property was sold for $755,000 in Mar 8, 2019. Current property owners are expected to pay $7,819 in taxes per year. The property on 1548 Elk Run Trail was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $266,053. To break that down further, the land itself was valued at $53,067. While improvements to the property were assessed at a total of $212,986. 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. 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.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: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 19
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Concrete
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 654
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,950
  • 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
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SBE @ SOMERSETT LT 100

Ownership

  • Current Owner : RICHARDSON MICHAEL LEBARRON
  • Current Owner 2: RICHARDSON KATHI CROMARTIE
  • Previous Owner : HERMAN DAVID J
  • Previous Owner 2: HERMAN MARY B
  • Owner Before Previous Owner: PRESTON HOMES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: 234-60
  • Parcel: 234-604-01
  • Lot: 100
  • Municipality: CITY OF RENO - VERDI T.V.
  • Latitude: 39.5251
  • Longitude: -119.942

    Address

  • Full Address: 1548 Elk Run Trl
  • Address - House Number: 1548
  • 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: $7,819
  • Tax Rate Code Area: 1011

    Appraisal Valuation

  • Standard Deviation: 0.1591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 1,002,076
  • High Value: 1,161,576
  • Low Value: 842,576

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $764,000
  • First Open Lien Mortgage Lender: PRIMELENDING
  • First Open Lien Mortgage Recording Date: May 21, 2021
  • First Open Lien Mortgage Loan Amount: $764,000
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $577,870
  • Market Land Value: $108,585
  • Market Improvement Value: $469,285

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $266,053
  • Assessed Land Value: $53,067
  • Assessed Improvements Value: $212,986

    Sales

  • Current Sale Contract Date: May 13, 2021
  • Current Sale Recording Date: May 21, 2021
  • Current Sale Transaction ID: 11836438934
  • Current Sale Price: $955,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5183790
  • Previous Sale Recording Date: Mar 11, 2019
  • Previous Sale Contract Date: Mar 08, 2019
  • Previous Sale Amount: $755,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIMELENDING
  • First Mortgage Transaction Date: May 21, 2021
  • First Mortgage Loan Amount: $764,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

About Somersett



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1700 Autumn Valley Way, Reno, NV, 89523 Listing by Donal Minihan

Frequently Asked Questions

What neighborhood is 1548 Elk Run Trail located in?
The 1548 Elk Run Trail is a located in the neighborhood of Somersett in Somersett, Reno.
What is the average sales price for listings in 1548 Elk Run Trail?
The average sales price for units in 1548 Elk Run Trail is $0 currently.

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