Overview

$619,000

20% Min Down

50 N Sierra St. Unit 903 #903

50 North Sierra Street, Reno, NV 89501

For sale in Wingfield Park

2 BR | 2 BA | 1,364 ft² | $454/ft² | -4.22% Cap Rate

Listed Oct 29th, 2020
Enjoy Luxury Living in the heart of downtown Reno. This 3 Bed 2 Bath unit on the 9th floor of the Palladio is a western facing unit offering sweeping mountain views, spectacular views of downtown Reno, and the Truckee River. This floor plan is perfect for entertaining with a great room concept along with patio doors that open wide for indoor & outdoor living. There's even a cozy electric wall fireplace to add atmosphere and warmth on those cooler nights. Listing Agent: Christi Mercurio Email Address: [email protected] Broker: Sierra Realty, LLC All utilities are paid for except electricity which would be approx $50 month. In the heart of Reno's cultural district: walking distance to movie theaters, Nevada Museum of Art, Pioneer Center, Greater Nevada Field, home of professional baseball, Great Basin Co-op, The Eddy and Reno's finest restaurants and casinos. The Palladio is truly an exceptional place to live. Pool is on 5th floor. Parking Space #16 on the second floor & Storage unit is #124 on the first floor.

The manager has listed the unit size as 1364 square feet.

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Features & Amenities

Unit Amenities

  • Fireplace
  • Pool
  • Security System
  • Dishwasher
  • Dryer
  • Garbage Disposer
  • Microwave
  • Oven
  • Refrigerator
  • Washer
  • Exterior: Stucco
  • Forced Air
  • Carport
  • Garage - Attached
  • Floor Coverings: Carpet
  • View: City, Mountain, Park, River

Building Amenities

  • Pool
  • Security System
  • Dishwasher
  • Dryer
  • Garbage Disposer
  • Microwave
  • Oven
  • Refrigerator
  • Washer
  • Forced Air
  • Hot Water
  • Garage - Attached
  • Garage
  • Oven - Double
  • Heat Pumps
  • Fireplace
  • Heat Pump
  • Central A/C
  • Exterior Stucco
  • Parking Space
  • Oven - Gas

Building Policies

Learn more about 50 North Sierra Street, Reno, NV 89501

Listed By

History

Date Event Price
Apr 19, 2021 Price Drop $619,000
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Oct 29, 2020 Listed $649,000
ListingHistoryRow::__set_state(array( 'event_date' => '2020-10-29', 'event_type' => 'Listed', 'event_source' => 'Public Record', 'event_value' => '$649,000', 'orig_value' => NULL, 'listing_id' => '12433523', 'unit' => '903', 'building_id' => NULL, 'street_address' => '50 N Sierra St. Unit 903', 'citystate' => 'Reno, NV', 'bedrooms' => '2', 'bathrooms' => '2', 'square_feet' => '1364', 'pretty_url' => 'https://www.realtyhop.com/building/50-n-sierra-st-unit-903-reno-nv/903/12433523', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( ), 'orig_type' => 'listing_row', 'alt_data' => '', ))

Property Analysis

Price Estimate

$625,190

HopScore Market Price

$619,000

Current Asking Price

+$6,190

Difference from Asking

Cap Rate Analysis

Operating Profit

-$26,139
/

Purchase Price

$619,000
=

Cap Rate

-4.22%
**

* Actual income may vary between $1,156 and $1,734 depending on unit-specific characteristics.

** 100% occupancy is assumed. Leverage (mortgage) is not considered.

Comparables

Units for sale near 50 N Sierra St. Unit 903

Unit Br Ba ft² Closed Price
Common Charges

Units for rent near 50 N Sierra St. Unit 903

Unit Br Ba ft² Closed Price
Common Charges

Building Info

Want to find out who owns 60 East 8th Street? Get detailed property transactions here.

Neighborhood

Stats & Trends

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Median Asking

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Above Asking

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Sale Price/ft²

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Days on Market

Schools

School Type Grades Distance
Hunter Lake Elementary School Elementary PK to 6 1.52 mi
Archie Clayton PRE-AP Academy Middle School Middle School 6 to 8 1.95 mi
Reno High School High School 9 to 12 0.9 mi
Sparks Integrated Preschool Prekindergarten PK 3.05 mi
Innovations High School High School 9 to 12 0.49 mi
Academy of Art Careers and Technology High School 9 to 12 3.4 mi
Coral Academy High School High School 9 to 12 4.2 mi
North Star Online School Other PK to 12 4.1 mi
Washoe Inspire Academy Other PK to 12 3.52 mi
I Can Do Anything Charter High School High School 9 to 12 3.51 mi
VOICE Program High School 9 to 12 3.48 mi
TMCC Magnet High School High School 10 to 12 3.29 mi
enCompass Academy High School 9 to 12 1.2 mi
Mariposa Dual Language Academy Charter School Elementary PK to 5 3.14 mi
Washoe Innovations High School M 0.49 mi
Sparks HS Preschool M 3.01 mi
High Desert Montessori Charter School Other PK to 9 2.39 mi
Bailey Charter School Elementary KG to 6 2.34 mi
Academy of Career Education Charter School High School 9 to 12 2.28 mi
Coral Academy Elementary Elementary KG to 4 1.33 mi
Coral Academy Middle School Middle School 5 to 8 1.29 mi
Turning Point Other 1 to 12 1.26 mi
Rise Academy for Achievement Adult Education AE 1.49 mi
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.

Mortgage Payment Calculator

$6,407

Per Month

Recent Transactions at 50 N Sierra St. Unit 903

Transaction history for 50 North Sierra Street

Unit Br Ba ft² Listed Listing Agent Asking
HOA + Tax
Closed Closing Buyer(s)

Apartments for Sale at 50 North Sierra Street

UnitBrBaft²ListedListing AgentAskingPrice/ft² HOA + Tax Floorplans

Apartments for Rent at 50 North Sierra Street

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Nearby Buildings

Learn more about 50 N Sierra St. Unit 903 #903

Building at 50 North Sierra Street, Reno, NV 89501

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