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506 Island Avenue

506 Island Avenue, Reno, NV 89501
506 Island Avenue is a condo located in Rio Vista Heights, Reno. The building was first built in 1975 and is 49 years old. In total, 506 Island Avenue has a total floor area of 1,898 square feet. 506 Island Avenue has a total of 1 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 1 closings on record. The most recent transaction sold for $0 on Aug 31, 1999. Fun fact, the oldest transaction we have on record took place on Aug 31, 1999. See the full transaction history for 506 Island Avenue below.

Rio Vista Heights, where 506 Island Avenue is located, has a median asking price of $375,000 for condo buildings. For interested buyers, that means the building's median asking price is around 1.00% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Masonry Exterior
Stucco Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20211209 Unit 506
12/09/2021
506
2 Bed
2 Bath
1678 ft²
$750,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1678 ft²
-
-
-
Tayler Riley
Keller Williams - Reno North

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Combination
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Square Area: 559
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 44
  • Total Building Area: 1,678
  • Gross Building Area: 1,898
  • Building Area: 1,678
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,678
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WINGFIELD PARK
  • Land Acres: 0.001
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: WINGFIELD PARK CONDO LT 2D

Ownership

  • Current Owner : MATT MIRELES TRUST
  • Previous Owner : PATRICIA VOGEL FAMILY TRUST
  • Owner Before Previous Owner: PAUL R HELMS & ASSOCIATES INC
  • 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: 000402

Zoning

  • Zoning: MF30

Geography

  • Assessors Map Reference: 011-39
  • Parcel: 011-390-11
  • Lot: 2D
  • Municipality: CITY OF RENO
  • Latitude: 39.5231
  • Longitude: -119.819

    Address

  • Full Address: 506 Island Ave
  • Address - House Number: 506
  • Address - Street Name: Island
  • Address - Suffix Type: Ave
  • State: NV
  • City Name: Reno
  • Carrier Code: C026
  • 4-Digit Zip Code: 1714
  • Zip Code: 89501

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,264
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.0659
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 96
  • Final Value: 737,490
  • High Value: 786,121
  • Low Value: 688,859

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $508,000
  • First Open Lien Mortgage Lender: SILICON VALLEY BANK
  • First Open Lien Mortgage Recording Date: Apr 28, 2022
  • First Open Lien Mortgage Loan Amount: $508,000
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $138,442
  • Market Land Value: $67,920
  • Market Improvement Value: $70,522

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $75,985
  • Assessed Land Value: $47,124
  • Assessed Improvements Value: $28,861

    Sales

  • Current Sale Contract Date: Apr 08, 2022
  • Current Sale Recording Date: Apr 28, 2022
  • Current Sale Transaction ID: 11887220678
  • Current Sale Price: $635,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5299070
  • Previous Sale Recording Date: Aug 11, 1994
  • Previous Sale Contract Date: Aug 10, 1994
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: SILICON VALLEY BANK
  • First Mortgage Transaction Date: Apr 28, 2022
  • First Mortgage Loan Amount: $508,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: COMSTOCK BANK
  • Previous Mortgage Transaction Date: Aug 11, 1994
  • Previous Mortgage Loan Amount: $92,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Sep 01, 2024

About Rio Vista Heights



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Frequently Asked Questions

What neighborhood is 506 Island Avenue located in?
The 506 Island Avenue is a condo located in the neighborhood of Rio Vista Heights in Rio Vista Heights, Reno.
What is the average sales price for listings in 506 Island Avenue?
The average sales price for units in 506 Island Avenue is $0 currently.

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