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425 Colorado River Boulevard

425 Colorado River Boulevard, Reno, NV 89502
Multifamily in Southside
Sold Feb 18, 2020
$598,000
$400,000 by Us Bank Na
Mortgage Due Mar 01, 2040
Sold Oct 07, 2014
$160,000
425 Colorado River Boulevard in Reno, NV was first built in 1953 and is 71 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. It is a single story home. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 425 Colorado River Boulevard has 2,320 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 7,100 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The roof of the home is made of composition shingle. 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. 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 D. 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 a wall air conditioning unit. As for heating, the home is utilizing floor/wall heating system. 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, 425 Colorado River Boulevard sold most recently in Feb 4, 2020 for a total of $598,000. If you work out the math, that's approximately a cost of $257.76 per sqft. Before that, the property was also sold for $160,000 in Oct 3, 2014. 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 $1,324 in taxes each year. 425 Colorado River Boulevard was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $89,230. 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 $29,730. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

Asbestos Siding
Masonite Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 3
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 18
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Combination
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,100
  • Total Building Area: 2,320
  • Gross Building Area: 2,320
  • Building Area: 2,320
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Wall air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 2,320
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SOUTHSIDE
  • Land Acres: 0.163
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: SOUTHSIDE FR LT 7 BLK G

Ownership

  • Current Owner : RODGERS MARICAROL
  • Current Owner 2: MARICAROL RODGERS TRUST
  • Previous Owner : GONZALEZ JOSE H
  • Owner Before Previous Owner: RUGGED OAKS INVESTMENTS LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 000201

Zoning

  • Zoning: MF30

Geography

  • Assessors Map Reference: 013-41
  • Parcel: 013-412-15
  • Block: G
  • Lot: 7
  • Municipality: CITY OF RENO
  • Latitude: 39.5086
  • Longitude: -119.801

    Address

  • Full Address: 425 Colorado River Blvd
  • Address - House Number: 425
  • Address - Street Name: Colorado River
  • Address - Suffix Type: Blvd
  • State: NV
  • City Name: Reno
  • Carrier Code: C029
  • 4-Digit Zip Code: 3397
  • Zip Code: 89502

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,324
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.2968
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 40
  • Final Value: 511,883
  • High Value: 663,831
  • Low Value: 359,934

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $400,000
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Feb 18, 2020
  • First Open Lien Mortgage Loan Amount: $400,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2040

    Market Valuation

  • Market Total Value: $163,728
  • Market Land Value: $101,200
  • Market Improvement Value: $62,528

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $89,230
  • Assessed Land Value: $59,500
  • Assessed Improvements Value: $29,730

    Sales

  • Current Sale Contract Date: Feb 04, 2020
  • Current Sale Recording Date: Feb 18, 2020
  • Current Sale Transaction ID: 11738645621
  • Current Sale Price: $598,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5001658
  • Previous Sale Recording Date: Oct 07, 2014
  • Previous Sale Contract Date: Oct 03, 2014
  • Previous Sale Amount: $160,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Feb 18, 2020
  • First Mortgage Loan Amount: $400,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2040

About Wells Avenue Neighborhood



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Frequently Asked Questions

What neighborhood is 425 Colorado River Boulevard located in?
The 425 Colorado River Boulevard is a multifamily located in the neighborhood of Southside in Wells Avenue Neighborhood, Reno.
What is the average sales price for listings in 425 Colorado River Boulevard?
The average sales price for units in 425 Colorado River Boulevard is $0 currently.

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