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2240 Gatewood Drive

2240 Gatewood Drive, Reno, NV 89523
House in Northgate
Sold Nov 23, 2022
$589,000
$559,550 by All Western Mortgage Inc
Mortgage Due Dec 01, 2052
Sold Jul 25, 2018
$395,000
$355,500 by Northpointe Bank
Mortgage Due Aug 01, 2041
2240 Gatewood Drive has been categorized by the local assessors in Reno, NV as a residential type of property. The building on the property was first built in 1996 and is 28 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2240 Gatewood Drive has 1,842 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 7,754 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. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 574 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. 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 frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of wood. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. 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. The property was last sold in Nov 22, 2022 for $589,000. That's $243.79 per sqft. Prior to that sales transaction, the property was also sold in Jun 28, 2018 for $395,000. 2240 Gatewood Drive was last assessed in 2024. The total value of the property was assessed at $111,546. Specifically, the land the property is located on was valued at $35,735. While improvements on the property were assessed at a total of $75,811. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,275. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior / Wood Exterior
Wood Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 11
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 574
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,754
  • Total Building Area: 2,416
  • Gross Building Area: 2,484
  • Building Area: 1,842
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,842
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: NORTHGATE 5C
  • Land Acres: 0.178
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NORTHGATE 5C LT 38 BLK B

Ownership

  • Current Owner : OWENS JESSELL
  • Current Owner 2: MCCOY BLAKE
  • Previous Owner : FROMOWITZ SCOTT PARKER
  • Owner Before Previous Owner: SHEARER JASON M
  • Owner Before Previous Owner 2: KLOCK ATHENA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 002408

Zoning

  • Zoning: SF8

Geography

  • Assessors Map Reference: 208-10
  • Parcel: 208-102-03
  • Block: B
  • Lot: 38
  • Meridian: SEC 6 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5361
  • Longitude: -119.891

    Address

  • Full Address: 2240 Gatewood Dr
  • Address - House Number: 2240
  • Address - Street Name: Gatewood
  • Address - Suffix Type: Dr
  • State: NV
  • City Name: Reno
  • Carrier Code: C089
  • 4-Digit Zip Code: 3202
  • Zip Code: 89523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,275
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.149
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 597,671
  • High Value: 686,779
  • Low Value: 508,563

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $559,550
  • First Open Lien Mortgage Lender: ALL WESTERN MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Nov 23, 2022
  • First Open Lien Mortgage Loan Amount: $559,550
  • 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: Dec 01, 2052

    Market Valuation

  • Market Total Value: $248,285
  • Market Land Value: $76,500
  • Market Improvement Value: $171,785

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $111,546
  • Assessed Land Value: $35,735
  • Assessed Improvements Value: $75,811

    Sales

  • Current Sale Contract Date: Nov 22, 2022
  • Current Sale Recording Date: Nov 23, 2022
  • Current Sale Transaction ID: 11899252461
  • Current Sale Price: $589,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5348590
  • Previous Sale Recording Date: Jul 25, 2018
  • Previous Sale Contract Date: Jun 28, 2018
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALL WESTERN MORTGAGE INC
  • First Mortgage Transaction Date: Nov 23, 2022
  • First Mortgage Loan Amount: $559,550
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: NORTHPOINTE BANK
  • Previous Mortgage Transaction Date: Jul 25, 2018
  • Previous Mortgage Loan Amount: $355,500
  • Previous Mortgage Term: 276
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2041

About McQueen



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Frequently Asked Questions

What neighborhood is 2240 Gatewood Drive located in?
The 2240 Gatewood Drive is a house located in the neighborhood of Northgate in McQueen, Reno.
What is the average sales price for listings in 2240 Gatewood Drive?
The average sales price for units in 2240 Gatewood Drive is $0 currently.

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