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1607 Lone Oak Trail

1607 Lone Oak Trail, Reno, NV 89523
Sold Dec 20, 2021
$480,000
$468,050 by Finance Of America Mortgage Ll
Mortgage Due Jan 01, 2052
Sold Jun 17, 2020
$250,000
Local assessors in Reno, NV have categorized 1607 Lone Oak Trail as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 3,012 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, 4 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 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1607 Lone Oak Trail has a total of 2,034 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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 attached garage for those who need a place to park their vehicle. The garage on the property is 471 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. 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 - C. The building has a roof that is made of composition shingle. Lots of a combination of material were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. 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, 1607 Lone Oak Trail sold most recently in Nov 9, 2021 for a total of $480,000. If you work out the math, that's approximately a cost of $191.62 per sqft. Before that, the property was also sold for $250,000 in Jun 17, 2020. 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 $2,628 in taxes each year. 1607 Lone Oak Trail was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $116,983. If we break it down further, the land itself was valued at $32,620. Improvements to the property, however, were assessed at a total of $84,363. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 14
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 471
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,012
  • Total Building Area: 2,505
  • Gross Building Area: 2,505
  • Building Area: 2,034
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,034
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SOMERSETT TOWN CENTER RES 1
  • Land Acres: 0.069
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SOMERSETT TOWN CENTER RES 1 LT 105

Ownership

  • Current Owner : SCHOLL KRISTI LYN
  • Previous Owner : KEEFE REESE
  • Previous Owner 2: KEEFE CHRISTOPHER
  • Owner Before Previous Owner: GOHLICH CHRISTOPHER
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 002409

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: 232-44
  • Parcel: 232-445-02
  • Lot: 105
  • Municipality: CITY OF RENO - VERDI T.V.
  • Latitude: 39.5296
  • Longitude: -119.912

    Address

  • Full Address: 1607 Lone Oak Trl
  • Address - House Number: 1607
  • Address - Street Name: Lone Oak
  • Address - Suffix Type: Trl
  • State: NV
  • City Name: Reno
  • Carrier Code: R024
  • 4-Digit Zip Code: 6837
  • Zip Code: 89523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,628
  • Tax Rate Code Area: 1011

    Appraisal Valuation

  • Standard Deviation: 0.1539
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 578,256
  • High Value: 667,267
  • Low Value: 489,245

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $468,050
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Dec 20, 2021
  • First Open Lien Mortgage Loan Amount: $468,050
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $251,217
  • Market Land Value: $63,300
  • Market Improvement Value: $187,917

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $116,983
  • Assessed Land Value: $32,620
  • Assessed Improvements Value: $84,363

    Sales

  • Current Sale Contract Date: Nov 09, 2021
  • Current Sale Recording Date: Dec 20, 2021
  • Current Sale Transaction ID: 11875829345
  • Current Sale Price: $480,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5260446
  • Previous Sale Recording Date: Jun 17, 2020
  • Previous Sale Contract Date: Jun 17, 2020
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Mortgage Transaction Date: Dec 20, 2021
  • First Mortgage Loan Amount: $468,050
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2052

About Somersett



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Frequently Asked Questions

What neighborhood is 1607 Lone Oak Trail located in?
The 1607 Lone Oak Trail is a located in the neighborhood of Somersett Town Center Residential in Somersett, Reno.
What is the average sales price for listings in 1607 Lone Oak Trail?
The average sales price for units in 1607 Lone Oak Trail is $0 currently.

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