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2475 Drake Wood Court

2475 Drake Wood Court, Reno, NV 89523
Property in Somersett
Sold Sep 01, 2022
$1,850,000
$1,030,000 by Rocket Mortgage Llc
Mortgage Due Sep 01, 2052
Sold Aug 31, 2020
$1,350,000
$1,012,500 by Wells Fargo Bank Na
Mortgage Due Sep 01, 2050
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2475 Drake Wood Court in Reno, NV was first built in 2020 and is 4 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, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 2475 Drake Wood Court has 3,402 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 20,738 square feet.

Learn more about the property and building on this page. 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 1,168 sqft. There are a total of 4 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 A. 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, 2475 Drake Wood Court sold most recently in Aug 26, 2022 for a total of $1,850,000. If you work out the math, that's approximately a cost of $404.81 per sqft. Before that, the property was also sold for $1,350,000 in Aug 27, 2020. 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 $12,245 in taxes each year. 2475 Drake Wood Court was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $434,666. If we break it down further, the land itself was valued at $58,800. Improvements to the property, however, were assessed at a total of $375,866. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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

Parking

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

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 17
  • Building Quality: A
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 1,168
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 20,738
  • Total Building Area: 4,570
  • Gross Building Area: 4,570
  • Building Area: 3,402
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,402
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: AREA 3 PHASE 1 @ SOMERSETT
  • Land Acres: 0.476
  • Standard Land Use Code: Single family residential
  • Legal Description 1: AREA 3 PH 1 @ SOMERSETT LT 333

Ownership

  • Current Owner : PACKAL CHRISTOPHER
  • Current Owner 2: PACKAL SUSAN R
  • Previous Owner : BARRY S & MARY E NEAL FAMILY LEGACY TRUS
  • Owner Before Previous Owner: JACO LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 002303

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: 232-52
  • Parcel: 232-523-04
  • Lot: 333
  • Municipality: CITY OF RENO - VERDI T.V.
  • Latitude: 39.5416
  • Longitude: -119.924

    Address

  • Full Address: 2475 Drake Wood Ct
  • Address - House Number: 2475
  • Address - Street Name: Drake Wood
  • Address - Suffix Type: Ct
  • State: NV
  • City Name: Reno
  • Carrier Code: R024
  • 4-Digit Zip Code: 2876
  • Zip Code: 89523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,245
  • Tax Rate Code Area: 1011

    Appraisal Valuation

  • Standard Deviation: 0.0659
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 96
  • Final Value: 1,935,721
  • High Value: 2,063,365
  • Low Value: 1,808,077

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,030,000
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Sep 01, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,030,000
  • 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: Sep 01, 2052

    Market Valuation

  • Market Total Value: $933,314
  • Market Land Value: $105,000
  • Market Improvement Value: $828,314

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $434,666
  • Assessed Land Value: $58,800
  • Assessed Improvements Value: $375,866

    Sales

  • Current Sale Contract Date: Aug 26, 2022
  • Current Sale Recording Date: Sep 01, 2022
  • Current Sale Transaction ID: 11895629695
  • Current Sale Price: $1,850,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5330405
  • Previous Sale Recording Date: Aug 31, 2020
  • Previous Sale Contract Date: Aug 27, 2020
  • Previous Sale Amount: $1,350,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Sep 01, 2022
  • First Mortgage Loan Amount: $1,030,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Aug 31, 2020
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,012,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2050

About Somersett



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Nearby Rentals

Unit for rent at

$2,700 /mo

  • 4 Beds
  • 3 Baths
  • 2,034 ft²
Listing by Cyndi Dawson
Unit for rent at

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,718 ft²
Listing by Manager
Unit for rent at

$6,000 /mo

  • 4 Beds
  • 3 Baths
  • 4,189 ft²
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Unit for rent at

$3,380 /mo

  • 3 Beds
  • 2 Baths
  • 2,143 ft²
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Unit for rent at

$5,300 /mo

  • 5 Beds
  • 4.5 Baths
  • 5,782 ft²
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Unit for rent at

$3,400 /mo

  • 4 Beds
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Unit for rent at

$3,199 /mo

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Frequently Asked Questions

What neighborhood is 2475 Drake Wood Court located in?
The 2475 Drake Wood Court is a other located in the neighborhood of Somersett in Somersett, Reno.
What is the average sales price for listings in 2475 Drake Wood Court?
The average sales price for units in 2475 Drake Wood Court is $0 currently.

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