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400 Minerva Lane

400 Minerva Lane, Reno, NV 89503
Commercial in Downtown Reno
1 Units For Sale
Unit for sale at 400 Minerva Ln, Reno, NV 89503-3605

$1,350,000

  • Studio
400 Minerva Ln #RENO, Reno, NV 89503-3605 Listing by Julie Odom

Local assessors in Reno, NV have categorized 400 Minerva Lane as a residential type of property. The home was built in 1949 and is 75 years old. It was most recently renovated and altered in 1953. The property's lot size has been calculated to be 12,454 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex 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, 5 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 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 400 Minerva Lane has a total of 2,939 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 carport for those who need a place to park their vehicle. The garage on the property is 190 sqft. 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 frame 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 - D. The building has a roof that is made of composition shingle. Lots of wood siding were used in the construction of the exterior walls of the home. Residents rely on a wall air conditioning unit for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Aug 24, 2004 for $400,000. That's $136.10 per sqft. Prior to that sales transaction, the property was also sold in Apr 3, 2003 for $250,000. 400 Minerva Lane was last assessed in 2024. The total value of the property was assessed at $88,136. Specifically, the land the property is located on was valued at $51,450. While improvements on the property were assessed at a total of $36,686. 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 $1,802. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.

Building Features

Exterior

Metal Exterior
Wood Siding
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210908
09/08/2021
Loft
-
-
$1,250,000
bedrooms
Loft
bathrooms
-
-
-
-
Phillip Sears
Krch Realty

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1953
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 18
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Duplex
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 2
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 190
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,454
  • Total Building Area: 2,939
  • Gross Building Area: 3,079
  • Building Area: 2,939
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Wall air conditioning unit
  • Heating: Forced air unit
  • Heated Square Feet: 2,939
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WARDS ADDITION
  • Land Acres: 0.286
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: WARDS ADD LOTS 5 & 6 BLK N & STREET ABANDONMENT

Ownership

  • Current Owner : KEEFE DANIEL M
  • Current Owner 2: KEEFE CATHERINE M
  • Previous Owner : MLT INVESTMENTS LLC
  • Owner Before Previous Owner: MLT INVESTMENTS LLC
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 001400

Zoning

  • Zoning: MF30

Geography

  • Assessors Map Reference: 007-20
  • Parcel: 007-201-22
  • Block: N
  • Lot: 5,6
  • Meridian: SEC 11 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5336
  • Longitude: -119.821

    Address

  • Full Address: 400 Minerva Ln
  • Address - House Number: 400
  • Address - Street Name: Minerva
  • Address - Suffix Type: Ln
  • State: NV
  • City Name: Reno
  • Carrier Code: C036
  • 4-Digit Zip Code: 3605
  • Zip Code: 89503

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,802
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.0659
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 96
  • Final Value: 1,325,938
  • High Value: 1,413,372
  • Low Value: 1,238,503

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $320,000
  • First Open Lien Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Open Lien Mortgage Recording Date: Aug 30, 2004
  • First Open Lien Mortgage Loan Amount: $320,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2034

    Market Valuation

  • Market Total Value: $180,936
  • Market Land Value: $104,000
  • Market Improvement Value: $76,936

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $88,136
  • Assessed Land Value: $51,450
  • Assessed Improvements Value: $36,686

    Sales

  • Current Sale Contract Date: Aug 24, 2004
  • Current Sale Recording Date: Aug 30, 2004
  • Current Sale Transaction ID: 1190888098
  • Current Sale Price: $400,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 3090493
  • Previous Sale Recording Date: Apr 07, 2003
  • Previous Sale Contract Date: Apr 03, 2003
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Mortgage Transaction Date: Aug 30, 2004
  • First Mortgage Loan Amount: $320,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Sep 01, 2034

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Apr 07, 2003
  • Previous Mortgage Loan Amount: $115,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Due Date: May 01, 2018

About Downtown Reno



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Frequently Asked Questions

What neighborhood is 400 Minerva Lane located in?
The 400 Minerva Lane is a commercial located in the neighborhood of Downtown Reno in Downtown Reno, Reno.
How many listings are currently for sale in 400 Minerva Lane?
There is one unit for sale right now.
What is the average sales price for listings in 400 Minerva Lane?
The average sales price for units in 400 Minerva Lane is $1,350,000 currently.

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