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4903 Lakeridge Terrace West

4903 Lakeridge Terrace West, Reno, NV 89509
Sold Jul 27, 2018
$350,000
$274,200 by United Wholesale Mortgage
Mortgage Due Nov 01, 2051
Sold Jan 31, 2014
$235,000
4903 Lakeridge Terrace West in Reno, NV was first built in 1973 and is 51 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 condo style. It is a single story home. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 4903 Lakeridge Terrace West has 1,616 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 2,788 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 asphalt and ply sheets in a built-up roof style. 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 attached garage. The garage is 552 sqft. There are a total of 2 available parking spaces. 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 A. The condition of the building has been evaluated as good. The exterior walls of the home are made of brick veneer. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jul 20, 2018 for $350,000. That's $161.44 per sqft. Prior to that sales transaction, the property was also sold in Jan 28, 2014 for $235,000. 4903 Lakeridge Terrace West was last assessed in 2024. The total value of the property was assessed at $72,373. Specifically, the land the property is located on was valued at $40,075. While improvements on the property were assessed at a total of $32,298. 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 $1,885. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Good
  • Building Quality: A
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Brick veneer
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 552
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,788
  • Total Building Area: 2,168
  • Gross Building Area: 2,216
  • Building Area: 1,616
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,616
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAKERIDGE TERRACE WEST 1
  • Land Acres: 0.064
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: LAKERIDGE TERRACE WEST 1 LT 4903

Ownership

  • Current Owner : KLUM KENNETH R
  • Previous Owner : SORRENTI DANTE
  • Owner Before Previous Owner: ANDERSON JAMES R
  • Owner Before Previous Owner 2: ANDERSON DORINE J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 001015

Zoning

  • Zoning: SF5

Geography

  • Assessors Map Reference: 023-39
  • Parcel: 023-390-18
  • Lot: 4903
  • Municipality: CITY OF RENO
  • Latitude: 39.4784
  • Longitude: -119.813

    Address

  • Full Address: 4903 Lakeridge Ter W
  • Address - House Number: 4903
  • Street Segment Direction: W
  • Address - Street Name: Lakeridge
  • Address - Suffix Type: Ter
  • State: NV
  • City Name: Reno
  • Carrier Code: C002
  • 4-Digit Zip Code: 5810
  • Zip Code: 89509

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,885
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1748
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 495,119
  • High Value: 581,702
  • Low Value: 408,537

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $274,200
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Nov 04, 2021
  • First Open Lien Mortgage Loan Amount: $274,200
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $151,304
  • Market Land Value: $77,200
  • Market Improvement Value: $74,104

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $72,373
  • Assessed Land Value: $40,075
  • Assessed Improvements Value: $32,298

    Sales

  • Current Sale Contract Date: Jul 20, 2018
  • Current Sale Recording Date: Jul 27, 2018
  • Current Sale Transaction ID: 11485175722
  • Current Sale Price: $350,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 4837072
  • Previous Sale Recording Date: Jan 31, 2014
  • Previous Sale Contract Date: Jan 28, 2014
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Jul 27, 2018
  • First Mortgage Loan Amount: $280,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2048

About Lakeridge Terrace West



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Frequently Asked Questions

What neighborhood is 4903 Lakeridge Terrace West located in?
The 4903 Lakeridge Terrace West is a townhouse located in the neighborhood of Lakeridge Terrace West in Lakeridge Terrace West, Reno.
What is the average sales price for listings in 4903 Lakeridge Terrace West?
The average sales price for units in 4903 Lakeridge Terrace West is $0 currently.

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