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245 Vine Street

245 Vine Street, Reno, NV 89503
Commercial in Downtown Reno
245 Vine 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 1973 and is 51 years old. However, we must point out that the home was most recently renovated and altered in 1978. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 245 Vine Street has 10,880 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 14,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. 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 D by the local assessor. The exterior walls of the building are made of concrete block. The inside of the home is being cooled with a packaged air conditioning unit at the moment. 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. 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, 245 Vine Street was last sold in Aug 29, 2019 for $1,000,000. According to our calculations, that's $91.91 per sqft. Prior to that sales transaction, the property was sold for $560,000 in Apr 23, 2003. Current property owners are expected to pay $6,302 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 245 Vine Street was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $214,285. To break that down further, the land itself was valued at $90,650. While improvements to the property were assessed at a total of $123,635. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

Exterior

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190203
02/03/2019
Studio
-
-
$1,325,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Masonry
  • Building Style: Unknown
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Living Units: 1
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,000
  • Total Building Area: 10,880
  • Gross Building Area: 10,880
  • Building Area: 10,880
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Space/suspended
  • Heated Square Feet: 10,880
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Industrial
  • Subdivision: POWNINGS ADDITION
  • Land Acres: 0.321
  • Standard Land Use Code: Industrial (general)
  • County Land Use Code: Personal property general
  • State Land Use Code: Personal property general
  • Legal Description 1: POWNINGS ADD LT 1 & 2 BLK B

Ownership

  • Current Owner : GUIDARA MICHAEL R
  • Current Owner 2: GUIDARA PAMELA LYN
  • Previous Owner : SAYER PROPERITES LLC
  • Owner Before Previous Owner: K & M & ASSOCIATES INC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 000103

Zoning

  • Zoning: MD-NWQ

Geography

  • Assessors Map Reference: 011-01
  • Parcel: 011-011-14
  • Block: B
  • Lot: 1,2
  • Meridian: SEC 11 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5254
  • Longitude: -119.825

    Address

  • Full Address: 245 Vine St
  • Address - House Number: 245
  • Address - Street Name: Vine
  • Address - Suffix Type: St
  • State: NV
  • City Name: Reno
  • Carrier Code: C072
  • 4-Digit Zip Code: 5242
  • Zip Code: 89503

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,302
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 1000

    Market Valuation

  • Market Total Value: $419,701
  • Market Land Value: $133,000
  • Market Improvement Value: $286,701

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $214,285
  • Assessed Land Value: $90,650
  • Assessed Improvements Value: $123,635

    Sales

  • Current Sale Contract Date: Aug 29, 2019
  • Current Sale Recording Date: Aug 30, 2019
  • Current Sale Transaction ID: 11642896390
  • Current Sale Price: $1,000,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 4947349
  • Previous Sale Recording Date: Jun 06, 2003
  • Previous Sale Contract Date: Apr 23, 2003
  • Previous Sale Amount: $560,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Previous Mortgages

  • Previous Mortgage Lender: NORTHERN NEVADA BANK
  • Previous Mortgage Transaction Date: Jun 06, 2003
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $324,000
  • Previous Mortgage Term: 36
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jul 10, 2006

About Downtown Reno



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Frequently Asked Questions

What neighborhood is 245 Vine Street located in?
The 245 Vine Street is a commercial located in the neighborhood of Downtown Reno in Downtown Reno, Reno.
What is the average sales price for listings in 245 Vine Street?
The average sales price for units in 245 Vine Street is $0 currently.

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