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1700 Fairway Hills Trail

1700 Fairway Hills Trail, Reno, NV 89523
Property in Somersett
Sold Oct 22, 2021
$1,050,000
$840,000 by Us Bank Na
Mortgage Due Nov 01, 2051
Sold May 16, 2018
$675,000
1700 Fairway Hills Trail in Reno, NV was first built in 2010 and is 14 years old. This has been categorized as a residential property type. There are a total of 2 floors. 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 3 partial bathrooms. 1700 Fairway Hills Trail has 2,903 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 16,262 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 concrete. 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 682 sqft. There are a total of 3 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 B. 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. 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, 1700 Fairway Hills Trail sold most recently in Oct 21, 2021 for a total of $1,050,000. If you work out the math, that's approximately a cost of $292.89 per sqft. Before that, the property was also sold for $675,000 in May 15, 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 $6,607 in taxes each year. 1700 Fairway Hills Trail was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $247,245. If we break it down further, the land itself was valued at $57,155. Improvements to the property, however, were assessed at a total of $190,090. 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. 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.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.

Building Features

Exterior

Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 15
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Cover Type: Concrete
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 682
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 16,262
  • Total Building Area: 3,585
  • Gross Building Area: 3,625
  • Building Area: 2,903
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,903
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 5C @ SOMERSETT
  • Land Acres: 0.373
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 5C @ SOMERSETT LT 36

Ownership

  • Current Owner : GELSO DANIEL A
  • Current Owner 2: GELSO ANNIKA L
  • Previous Owner : JAMES JUSTIN W
  • Previous Owner 2: JAMES SHAY O
  • Owner Before Previous Owner: ACOSTA JANA
  • Owner Before Previous Owner 2: ACOSTA GEORGE A
  • 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: 234-29
  • Parcel: 234-291-01
  • Lot: 36
  • Municipality: CITY OF RENO - VERDI T.V.
  • Latitude: 39.5302
  • Longitude: -119.943

    Address

  • Full Address: 1700 Fairway Hills Trl
  • Address - House Number: 1700
  • Address - Street Name: Fairway Hills
  • Address - Suffix Type: Trl
  • State: NV
  • City Name: Reno
  • Carrier Code: R125
  • 4-Digit Zip Code: 6890
  • Zip Code: 89523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,607
  • Tax Rate Code Area: 1011

    Appraisal Valuation

  • Standard Deviation: 0.1591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 990,376
  • High Value: 1,148,013
  • Low Value: 832,738

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $840,000
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Oct 22, 2021
  • First Open Lien Mortgage Loan Amount: $840,000
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $517,623
  • Market Land Value: $105,300
  • Market Improvement Value: $412,323

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $247,245
  • Assessed Land Value: $57,155
  • Assessed Improvements Value: $190,090

    Sales

  • Current Sale Contract Date: Oct 21, 2021
  • Current Sale Recording Date: Oct 22, 2021
  • Current Sale Transaction ID: 11869213866
  • Current Sale Price: $1,050,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5240537
  • Previous Sale Recording Date: May 16, 2018
  • Previous Sale Contract Date: May 15, 2018
  • Previous Sale Amount: $675,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Oct 22, 2021
  • First Mortgage Loan Amount: $840,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

About Somersett



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Frequently Asked Questions

What neighborhood is 1700 Fairway Hills Trail located in?
The 1700 Fairway Hills Trail is a located in the neighborhood of Somersett in Somersett, Reno.
What is the average sales price for listings in 1700 Fairway Hills Trail?
The average sales price for units in 1700 Fairway Hills Trail is $0 currently.

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