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502 Mill Street

502 Mill Street, Reno, NV 89502
Townhouse in Downtown Reno
1 Units For Sale
Unit for sale at 502 Mill Street, Reno, NV 89502

$480,000

  • 1 Bed
  • 1.5 Baths
  • 1,016 ft²
502 Mill Street, Reno, NV 89502 Listing by Ginger Graves

502 Mill Street in Reno, NV was first built in 2020 and is 4 years old. This has been categorized as a unknown property type. For those interested in architecture, the building on the property was built in a unknown. There are a total of 2 floors. This is a single bedroom home. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 502 Mill Street has 1,016 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 672 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of unknown. Water for the property is sourced from unknown 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 garage. The garage is 328 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 unknown control joints. The quality of the control joints have been graded by the local assessor with a letter grade of unknown. The exterior walls of the home are made of unknown. Walk into the home itself and you'll find that it is currently being cooled with unknown. As for heating, the home is utilizing unknown. The property was last sold in Sep 2, 2021 for $441,000. That's $328.13 per sqft. 502 Mill Street was last assessed in 2024. The total value of the property was assessed at $89,432. Specifically, the land the property is located on was valued at $35,840. While improvements on the property were assessed at a total of $53,592. 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 $2,760. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.

Building Features

Condition

New Construction

Parking

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210408
04/08/2021
1 Bed
1 Bath
1016 ft²
$441,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
1016 ft²
$441,000
09/09/2021
Jean Merkelbach
Engel & Volkers Lake Tahoe

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Square Area: 328
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 672
  • Total Building Area: 1,344
  • Gross Building Area: 1,374
  • Building Area: 1,016
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,016
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: HIGH STREET TOWNHOMES
  • Land Acres: 0.015
  • Legal Description 1: HIGH STREET TOWNHOMES LOT 2

Ownership

  • Current Owner : BURNETT MICHAEL
  • Previous Owner : HIGH STREET TOWNHOME LLC
  • Is Owner Occupied: unknown

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 000202

Zoning

  • Zoning: MD-RD

Geography

  • Parcel: 012-641-02
  • Lot: 2
  • Meridian: SEC 12 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5258
  • Longitude: -119.805

    Address

  • Full Address: 502 Mill St
  • Address - House Number: 502
  • Address - Street Name: Mill
  • Address - Suffix Type: St
  • State: NV
  • City Name: Reno
  • Carrier Code: C035
  • 4-Digit Zip Code: 1028
  • Zip Code: 89502

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,760
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1731
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 485,104
  • High Value: 569,080
  • Low Value: 401,128

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $418,950
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Sep 09, 2021
  • First Open Lien Mortgage Loan Amount: $418,950
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $179,763
  • Market Land Value: $68,900
  • Market Improvement Value: $110,863

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $89,432
  • Assessed Land Value: $35,840
  • Assessed Improvements Value: $53,592

    Sales

  • Current Sale Contract Date: Sep 02, 2021
  • Current Sale Recording Date: Sep 09, 2021
  • Current Sale Transaction ID: 11860143654
  • Current Sale Price: $441,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 5224312

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Sep 09, 2021
  • First Mortgage Loan Amount: $418,950
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Oct 01, 2051

About Downtown Reno



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Frequently Asked Questions

What neighborhood is 502 Mill Street located in?
The 502 Mill Street is a townhouse located in the neighborhood of Downtown Reno in Downtown Reno, Reno.
How many listings are currently for sale in 502 Mill Street?
This is a single-family home. The property is currently on the market for sale.
What is the average sales price for listings in 502 Mill Street?
The average sales price for units in 502 Mill Street is $441,000 , or $434/sqft. currently.

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