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440 Minerva Lane

440 Minerva Lane, Reno, NV 89503
Multifamily in Downtown Reno
440 Minerva Lane 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 duplex style. 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 2 full bathrooms. There are 2 partial bathrooms. 440 Minerva Lane has 1,414 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 5,600 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 condition of the building has been evaluated as good. The exterior walls of the home are made of wood siding. 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. The property was last sold in Apr 13, 2021 for $500,000. That's $353.61 per sqft. Prior to that sales transaction, the property was also sold in Mar 31, 2003 for $82,500. 440 Minerva Lane was last assessed in 2024. The total value of the property was assessed at $63,732. Specifically, the land the property is located on was valued at $46,305. While improvements on the property were assessed at a total of $17,427. 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 $1,053. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Wood Siding

Parking

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210115
01/15/2021
Studio
-
-
$519,900
bedrooms
Studio
bathrooms
-
$500,000 -3.83%
04/26/2021
James Elliott

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Duplex
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,600
  • Total Building Area: 1,414
  • Gross Building Area: 1,414
  • Building Area: 1,414
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Wall air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 1,414
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WARDS ADDITION
  • Land Acres: 0.129
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: WARDS ADD LOT 4 BLK N LESS STREET

Ownership

  • Current Owner : MORRIS DEAN G
  • Previous Owner : ALLIED 1031 EXCHANGE AS INTERMEDIARY FOR
  • Owner Before Previous Owner: MLT INVESTMENT LLC

Neighborhood

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

Zoning

  • Zoning: MF30

Geography

  • Assessors Map Reference: 007-20
  • Parcel: 007-201-21
  • Block: N
  • Lot: 4
  • Meridian: SEC 11 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5336
  • Longitude: -119.822

    Address

  • Full Address: 440 Minerva Ln
  • Address - House Number: 440
  • 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: $1,053
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.175
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 496,762
  • High Value: 583,723
  • Low Value: 409,800

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $490,943
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Apr 26, 2021
  • First Open Lien Mortgage Loan Amount: $490,943
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $129,324
  • Market Land Value: $93,600
  • Market Improvement Value: $35,724

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $63,732
  • Assessed Land Value: $46,305
  • Assessed Improvements Value: $17,427

    Sales

  • Current Sale Contract Date: Apr 13, 2021
  • Current Sale Recording Date: Apr 26, 2021
  • Current Sale Transaction ID: 11835945873
  • Current Sale Price: $500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 5171441
  • Previous Sale Recording Date: Apr 03, 2003
  • Previous Sale Contract Date: Mar 31, 2003
  • Previous Sale Amount: $82,500
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Apr 26, 2021
  • First Mortgage Loan Amount: $490,943
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Apr 03, 2003
  • Previous Mortgage Loan Amount: $85,500
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Due Date: Apr 01, 2018

About Downtown Reno



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Frequently Asked Questions

What neighborhood is 440 Minerva Lane located in?
The 440 Minerva Lane is a multifamily located in the neighborhood of Downtown Reno in Downtown Reno, Reno.
What is the average sales price for listings in 440 Minerva Lane?
The average sales price for units in 440 Minerva Lane is $499,900 currently.

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