1615 East 2nd Street

1615 East 2nd Street has been categorized by the local assessors in Reno, NV as a industrial type of property. The building on the property was first built in 1952 and is 72 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1615 East 2nd Street has 1,326 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 6,752 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. Moving on to the building itself. The condition of the building has been evaluated as fair. 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 masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of E by the local assessor. The exterior walls of the building are made of brick veneer. In terms of heating, it is utilizing a space/suspended heating system. 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, 1615 East 2nd Street sold most recently in Mar 18, 2022 for a total of $699,000. If you work out the math, that's approximately a cost of $527.15 per sqft. Before that, the property was also sold for $316,500 in Dec 18, 2018. 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 $1,584 in taxes each year. 1615 East 2nd Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $55,022. If we break it down further, the land itself was valued at $42,431. Improvements to the property, however, were assessed at a total of $12,592. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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.