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1623 Lone Oak Trail

1623 Lone Oak Trail, Reno, NV 89523
Sold Dec 13, 2018
$335,000
$270,000 by Citibank Na
Mortgage Due Jul 01, 2035
Sold Aug 18, 2005
$302,500
$241,836 by Gmac Mortgage Corp
Mortgage Due Sep 01, 2020
Local assessors in Reno, NV have categorized 1623 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 2,937 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 1623 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. 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, 1623 Lone Oak Trail was last sold in Nov 27, 2018 for $335,000. According to our calculations, that's $133.73 per sqft. Prior to that sales transaction, the property was sold for $302,500 in Aug 15, 2005. Current property owners are expected to pay $2,441 in taxes per year. The property on 1623 Lone Oak Trail was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $116,983. To break that down further, the land itself was valued at $32,620. While improvements to the property were assessed at a total of $84,363. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 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: 2,937
  • 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: 0.067
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SOMERSETT TOWN CENTER RES 1 LT 107

Ownership

  • Current Owner : WONG BILL C
  • Current Owner 2: WONG KAREN M
  • Previous Owner : TILSON GARY A
  • Previous Owner 2: TILSON LAURA J
  • Owner Before Previous Owner: TOWN CENTER RESIDENTIAL LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

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

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: 232-44
  • Parcel: 232-445-04
  • Lot: 107
  • Municipality: CITY OF RENO - VERDI T.V.
  • Latitude: 39.5299
  • Longitude: -119.912

    Address

  • Full Address: 1623 Lone Oak Trl
  • Address - House Number: 1623
  • 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: $2,441
  • Tax Rate Code Area: 1011

    Appraisal Valuation

  • Standard Deviation: 0.1621
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 586,983
  • High Value: 682,156
  • Low Value: 491,810

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $270,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Jul 02, 2020
  • First Open Lien Mortgage Loan Amount: $270,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2035

    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 27, 2018
  • Current Sale Recording Date: Dec 13, 2018
  • Current Sale Transaction ID: 11542903138
  • Current Sale Price: $335,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 4873015
  • Previous Sale Recording Date: Aug 18, 2005
  • Previous Sale Contract Date: Aug 15, 2005
  • Previous Sale Amount: $302,500
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Dec 13, 2018
  • First Mortgage Loan Amount: $268,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: GMAC MORTGAGE CORP
  • Previous Mortgage Transaction Date: Aug 18, 2005
  • Previous Mortgage Loan Amount: $241,836
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Sep 01, 2020

About Somersett



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Frequently Asked Questions

What neighborhood is 1623 Lone Oak Trail located in?
The 1623 Lone Oak Trail is a house located in the neighborhood of Somersett Town Center Residential in Somersett, Reno.
What is the average sales price for listings in 1623 Lone Oak Trail?
The average sales price for units in 1623 Lone Oak Trail is $0 currently.

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