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485 East 7th Street

485 East 7th Street, Reno, NV 89512
Multifamily in Downtown Reno
485 East 7th Street in Reno, NV was first built in 1932 and is 92 years old. Although, the building on the property was most recently renovated and altered in 1952. 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, 6 are bedrooms. In terms of bathrooms, there are a total of 6 full bathrooms. There are 6 partial bathrooms. 485 East 7th Street has 1,332 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. The basement is 814 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 7,000 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. For those who need parking, there is a detached garage. The garage is 400 sqft. There is one available parking space. 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 masonry 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 block. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heat pump. 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, 485 East 7th Street sold most recently in Jan 10, 2023 for a total of $871,500. If you work out the math, that's approximately a cost of $654.28 per sqft. Before that, the property was also sold for $825,000 in Feb 23, 2022. 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 $1,585 in taxes each year. 485 East 7th Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $86,885. If we break it down further, the land itself was valued at $61,600. Improvements to the property, however, were assessed at a total of $25,285. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

Brick Exterior

Parking

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200422
04/22/2020
Studio
-
-
$575,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1952
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 30
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Block
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 6
  • Business/Commerical Units Count: 6
  • Basement Type: Finished improved basement
  • Basement Area: 814
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 1,332
  • Gross Building Area: 2,146
  • Building Area: 1,332
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,332
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: EVANS NORTHEAST ADDITION
  • Land Acres: 0.161
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: EVANS NE ADD AMD LOT 12 BLOCK 5

Ownership

  • Current Owner : MIGALE FAMILY TRUST
  • Previous Owner : RAHB PROPERTIES SERIES 50 LLC
  • Owner Before Previous Owner: C & S BEACH PROPERTIES LLC
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 000105

Zoning

  • Zoning: MD-ID

Geography

  • Assessors Map Reference: 007-23
  • Parcel: 007-232-18
  • Block: 5
  • Lot: 12
  • Meridian: SEC 2 TWN 19N RNG 19E
  • Municipality: CITY OF RENO - REDEVELOPMENT A
  • Latitude: 39.5352
  • Longitude: -119.808

    Address

  • Full Address: 485 E 7th St
  • Address - House Number: 485
  • Street Direction: E
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: NV
  • City Name: Reno
  • Carrier Code: C089
  • 4-Digit Zip Code: 3332
  • Zip Code: 89512

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,585
  • Tax Rate Code Area: 1002

    Appraisal Valuation

  • Standard Deviation: 0.2968
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 40
  • Final Value: 504,718
  • High Value: 654,539
  • Low Value: 354,896

    Market Valuation

  • Market Total Value: $175,149
  • Market Land Value: $123,750
  • Market Improvement Value: $51,399

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $86,885
  • Assessed Land Value: $61,600
  • Assessed Improvements Value: $25,285

    Sales

  • Current Sale Contract Date: Jan 10, 2023
  • Current Sale Recording Date: Jan 13, 2023
  • Current Sale Transaction ID: 11901010881
  • Current Sale Price: $871,500
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5356804
  • Previous Sale Recording Date: Feb 24, 2022
  • Previous Sale Contract Date: Feb 23, 2022
  • Previous Sale Amount: $825,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Previous Mortgages

  • Previous Mortgage Lender: HULTMAN STEVEN
  • Previous Mortgage Transaction Date: Feb 24, 2022
  • Previous Mortgage Loan Amount: $550,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Downtown Reno



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Nearby Rentals

Unit for rent at

$1,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,432 ft²
Listing by Jan Mackenzie
Unit for rent at

$1,500 /mo

  • Studio
  • 1 Bath
  • 550 ft²
Listing by Sandy Morris
Unit for rent at

$1,450 /mo

  • 2 Beds
  • 1.5 Baths
  • 980 ft²
Listing by Jan Mackenzie
Unit for rent at

$1,495 /mo

  • 2 Beds
  • 1 Bath
  • 891 ft²
Listing by David Martin
Unit for rent at

$1,600 /mo

  • 2 Beds
  • 1 Bath
  • 1,408 ft²
Listing by Elizabeth Redshaw
Unit for rent at

$1,450 /mo

  • 1 Bed
  • 1 Bath
Listing by Manager
Unit for rent at

$1,550 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 485 East 7th Street located in?
The 485 East 7th Street is a multifamily located in the neighborhood of Downtown Reno in Downtown Reno, Reno.
What is the average sales price for listings in 485 East 7th Street?
The average sales price for units in 485 East 7th Street is $0 currently.

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