Check Availability

3505 Meridian Lane

3505 Meridian Lane, Reno, NV 89509
Sold Jun 15, 2023
$1,395,000
$1,046,250 by Summit Funding, Inc
Mortgage Due Jul 01, 2053
Sold Apr 29, 2021
$1,130,000
$904,000 by Guild Mortgage Co
Mortgage Due May 01, 2051
3505 Meridian Lane 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 1995 and is 29 years old. The home has a total of 4 bedrooms. Residents will have access to 4 full bathrooms. There are 4 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, 3505 Meridian Lane has 4,466 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 1,954 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 44,388 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 1,152 sqft. According to our sources, there are a total of 3 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 A by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of a combination of material. 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. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. 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, 3505 Meridian Lane sold most recently in May 22, 2023 for a total of $1,395,000. If you work out the math, that's approximately a cost of $234.85 per sqft. Before that, the property was also sold for $1,130,000 in Apr 22, 2021. 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 $7,764 in taxes each year. 3505 Meridian Lane was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $264,035. If we break it down further, the land itself was valued at $67,988. Improvements to the property, however, were assessed at a total of $196,048. 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. 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.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
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 20
  • Building Quality: A
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,954
  • Garage Type: Attached
  • Garage Square Area: 1,152
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 44,388
  • Lot Size Frontage Feet: 10
  • Total Building Area: 5,940
  • Gross Building Area: 6,098
  • Building Area: 4,466
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 4,466
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SOUTHAMPTON ESTATES 1
  • Land Acres: 1.019
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PM 2817 LT 2

Ownership

  • Current Owner : GRAY ASHLEY
  • Current Owner 2: GRAY LANE
  • Previous Owner : BILLINGSLEY FAMILY TRUST
  • Owner Before Previous Owner: MILSTEAD JAMES C
  • Owner Before Previous Owner 2: MILSTEAD LINDA J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 001105

Zoning

  • Zoning: SF3

Geography

  • Assessors Map Reference: 2817
  • Parcel: 009-381-09
  • Lot: 2
  • Municipality: CITY OF RENO
  • Latitude: 39.4909
  • Longitude: -119.849

    Address

  • Full Address: 3505 Meridian Ln
  • Address - House Number: 3505
  • Address - Street Name: Meridian
  • Address - Suffix Type: Ln
  • State: NV
  • City Name: Reno
  • Carrier Code: C050
  • 4-Digit Zip Code: 3843
  • Zip Code: 89509

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,764
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1642
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 1,261,164
  • High Value: 1,468,293
  • Low Value: 1,054,035

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,046,250
  • First Open Lien Mortgage Lender: SUMMIT FUNDING, INC
  • First Open Lien Mortgage Recording Date: Jun 15, 2023
  • First Open Lien Mortgage Loan Amount: $1,046,250
  • 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: Jul 01, 2053

    Market Valuation

  • Market Total Value: $570,281
  • Market Land Value: $126,500
  • Market Improvement Value: $443,781

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $264,035
  • Assessed Land Value: $67,988
  • Assessed Improvements Value: $196,048

    Sales

  • Current Sale Contract Date: May 22, 2023
  • Current Sale Recording Date: Jun 15, 2023
  • Current Sale Transaction ID: 11908237007
  • Current Sale Price: $1,395,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5386242
  • Previous Sale Recording Date: Apr 29, 2021
  • Previous Sale Contract Date: Apr 22, 2021
  • Previous Sale Amount: $1,130,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT FUNDING, INC
  • First Mortgage Transaction Date: Jun 15, 2023
  • First Mortgage Loan Amount: $1,046,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: GUILD MORTGAGE CO
  • Previous Mortgage Transaction Date: Apr 29, 2021
  • Previous Mortgage Loan Amount: $904,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2051

About Southampton Estates



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 650 California Avenue, Reno, NV, 89509

$3,600 /mo

  • 2 Beds
  • 1.5 Baths
  • 1,800 ft²
650 California Avenue, Reno, NV, 89509 Listing by James Alder
Unit for rent at 1530 Allen Street, Reno, NV, 89509

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,324 ft²
1530 Allen Street, Reno, NV, 89509 Listing by Kathleen Knuf Felte

Frequently Asked Questions

What neighborhood is 3505 Meridian Lane located in?
The 3505 Meridian Lane is a house located in the neighborhood of Southampton Estates in Southampton Estates, Reno.
What is the average sales price for listings in 3505 Meridian Lane?
The average sales price for units in 3505 Meridian Lane is $0 currently.

Quantcast