Check Availability

331 Locust Street

331 Locust Street, Reno, NV 89502
Townhouse in Southern
Sold Dec 04, 2020
$663,000
Sold Nov 08, 2019
$400,000
$400,000 by The Vincent A Rossi And Kathle
Mortgage
Local assessors in Reno, NV have categorized 331 Locust Street as a residential type of property. The home was built in 1942 and is 82 years old. The property's lot size has been calculated to be 8,451 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 331 Locust Street has a total of 1,876 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 740 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - E. The building has a roof that is made of tile. Lots of block were used in the construction of the exterior walls of the home. The home's a hot water heating system is the primary heating source. 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, 331 Locust Street sold most recently in Dec 4, 2020 for a total of $663,000. If you work out the math, that's approximately a cost of $353.41 per sqft. Before that, the property was also sold for $400,000 in Nov 6, 2019. 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 $1,499 in taxes each year. 331 Locust Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $86,205. If we break it down further, the land itself was valued at $59,500. Improvements to the property, however, were assessed at a total of $26,705. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 18
  • Building Condition: Good
  • Building Quality: E
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Block
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 3
  • Business/Commerical Units Count: 3
  • Basement Type: Unfinished basement
  • Basement Area: 1,876
  • Garage Type: Detached
  • Garage Square Area: 740
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 8,451
  • Total Building Area: 1,876
  • Gross Building Area: 3,752
  • Building Area: 1,876
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 1,876
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SOUTHERN ADDITION
  • Land Acres: 0.194
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: SOUTHERN ADD FRAC LOT 5 & 6 BLK 2

Ownership

  • Current Owner : MCQUIVEY MICHELE
  • Current Owner 2: MICHELE MCQUIVEY TRUST
  • Previous Owner : GANCHEV VIKTOR
  • Owner Before Previous Owner: ALLISON PATRICK
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 000702

Zoning

  • Zoning: MF14

Geography

  • Assessors Map Reference: 013-02
  • Parcel: 013-021-09
  • Block: 2
  • Lot: 5,6
  • Municipality: CITY OF RENO
  • Latitude: 39.5228
  • Longitude: -119.801

    Address

  • Full Address: 331 Locust St
  • Address - House Number: 331
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: NV
  • City Name: Reno
  • Carrier Code: C003
  • 4-Digit Zip Code: 1617
  • Zip Code: 89502

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,499
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.2968
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 40
  • Final Value: 502,640
  • High Value: 651,845
  • Low Value: 353,434

    Market Valuation

  • Market Total Value: $156,138
  • Market Land Value: $101,200
  • Market Improvement Value: $54,938

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $86,205
  • Assessed Land Value: $59,500
  • Assessed Improvements Value: $26,705

    Sales

  • Current Sale Contract Date: Dec 04, 2020
  • Current Sale Recording Date: Dec 04, 2020
  • Current Sale Transaction ID: 11807948828
  • Current Sale Price: $663,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5112433
  • Previous Sale Recording Date: Nov 08, 2019
  • Previous Sale Contract Date: Nov 06, 2019
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Previous Mortgages

  • Previous Mortgage Lender: THE VINCENT A ROSSI AND KATHLE
  • Previous Mortgage Transaction Date: Nov 08, 2019
  • Previous Mortgage Loan Amount: $400,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Wells Avenue Neighborhood



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 425 Stewart Street, Reno, NV, 89509

$1,395 /mo

  • 2 Beds
  • 1 Bath
  • 588 ft²
425 Stewart Street, Reno, NV, 89509 Listing by Jan Mackenzie
Unit for rent at 530 Moran, Unit D, Reno, NV, 89502

$1,250 /mo

  • 1 Bed
  • 1 Bath
  • 550 ft²
530 Moran #CINALLEY, Unit D, Reno, NV, 89502 Listing by Jan Mackenzie
Unit for rent at 1058 Watt Street, Reno, NV, 89509

$1,350 /mo

  • 1 Bed
  • 1 Bath
  • 900 ft²
1058 Watt Street #1058 Watt Street #E, Reno, NV, 89509 Listing by Manager
Unit for rent at 2964 Salem Place, Reno, NV, 89509

$1,225 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
2964 Salem Place #2964 Salem Place, Reno, NV, 89509 Listing by Manager
Unit for rent at 2968 Salem Place, Reno, NV, 89509

$1,225 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
2968 Salem Place #2968 Salem Place, Reno, NV, 89509 Listing by Manager
Unit for rent at 1450 Mill St, Reno, NV, 89502

$1,200 /mo

  • Studio
  • 1 Bath
  • 343 ft²
1450 Mill St #1450 Mill St - 212, Reno, NV, 89502 Listing by The Perfect New Studio Apartment - All Utilities Included!
Unit for rent at 306 E Taylor St, Reno, NV, 89502

$1,200 /mo

  • 1 Bed
  • 1 Bath
  • 540 ft²
306 E Taylor St #306 E Taylor St - 6, Reno, NV, 89502 Listing by Manager

Frequently Asked Questions

What neighborhood is 331 Locust Street located in?
The 331 Locust Street is a townhouse located in the neighborhood of Southern in Wells Avenue Neighborhood, Reno.
What is the average sales price for listings in 331 Locust Street?
The average sales price for units in 331 Locust Street is $0 currently.

Quantcast