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1625 O'farrell Street

1625 O'farrell Street, Reno, NV 89503
Sold Mar 01, 2022
$530,000
$424,000 by Bay Equity Llc
Mortgage Due Apr 01, 2052
1625 O'farrell Street in Reno, NV was first built in 1965 and is 59 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1625 O'farrell Street has 1,474 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 7,153 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The roof of the home is made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 440 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as good. The exterior walls of the home are made of a combination of material. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 1625 O'farrell Street was last sold in Feb 25, 2022 for $530,000. According to our calculations, that's $276.91 per sqft. Current property owners are expected to pay $1,085 in taxes per year. The property on 1625 O'farrell Street was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $59,798. To break that down further, the land itself was valued at $37,485. While improvements to the property were assessed at a total of $22,313. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,153
  • Total Building Area: 1,914
  • Gross Building Area: 1,914
  • Building Area: 1,474
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,474
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MONTE VISTA ESTATES
  • Land Acres: 0.164
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MONTE VISTA ESTATES LT 23 BLK D

Ownership

  • Current Owner : VELA JOSE
  • Current Owner 2: VELA LIZA
  • Previous Owner : WASSON FAMILY TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 002401

Zoning

  • Zoning: SF8

Geography

  • Assessors Map Reference: 002-42
  • Parcel: 002-422-12
  • Block: D
  • Lot: 23
  • Municipality: CITY OF RENO
  • Latitude: 39.5446
  • Longitude: -119.845

    Address

  • Full Address: 1625 O Farrell St
  • Address - House Number: 1625
  • Address - Street Name: O Farrell
  • Address - Suffix Type: St
  • State: NV
  • City Name: Reno
  • Carrier Code: C066
  • 4-Digit Zip Code: 1313
  • Zip Code: 89503

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,085
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1627
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 469,407
  • High Value: 545,808
  • Low Value: 393,006

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $424,000
  • First Open Lien Mortgage Lender: BAY EQUITY LLC
  • First Open Lien Mortgage Recording Date: Mar 01, 2022
  • First Open Lien Mortgage Loan Amount: $424,000
  • 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: Apr 01, 2052

    Market Valuation

  • Market Total Value: $107,569
  • Market Land Value: $60,700
  • Market Improvement Value: $46,869

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $59,798
  • Assessed Land Value: $37,485
  • Assessed Improvements Value: $22,313

    Sales

  • Current Sale Contract Date: Feb 25, 2022
  • Current Sale Recording Date: Mar 01, 2022
  • Current Sale Transaction ID: 11880781294
  • Current Sale Price: $530,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5281387

    Last Sale Mortgage

  • First Mortgage Lender: BAY EQUITY LLC
  • First Mortgage Transaction Date: Mar 01, 2022
  • First Mortgage Loan Amount: $424,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2052

About Monte Vista Estates



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Frequently Asked Questions

What neighborhood is 1625 O'farrell Street located in?
The 1625 O'farrell Street is a located in the neighborhood of Monte Vista Estates in Monte Vista Estates, Reno.
What is the average sales price for listings in 1625 O'farrell Street?
The average sales price for units in 1625 O'farrell Street is $0 currently.

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