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506 Mill Street

506 Mill Street, Reno, NV 89502
Townhouse in Downtown Reno
Local assessors in Reno, NV have categorized 506 Mill Street as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 672 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There is a single bedroom in the home. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 506 Mill Street has a total of 1,016 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 328 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt and ply sheets in a built-up roof style. Lots of a combination of material were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 506 Mill Street was last sold in Dec 3, 2021 for $441,000. According to our calculations, that's $328.13 per sqft. Current property owners are expected to pay $2,506 in taxes per year. The property on 506 Mill Street was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $89,150. To break that down further, the land itself was valued at $35,840. While improvements to the property were assessed at a total of $53,310. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

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
12/20/2021
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
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Combination
  • Roof Cover Type: Built-up
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • 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: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,016
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HIGH STREET TOWNHOMES
  • Land Acres: 0.015
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: HIGH STREET TOWNHOMES LOT 4

Ownership

  • Current Owner : SHAW KEVIN A
  • Current Owner 2: SHAW NATACHA S
  • Previous Owner : HIGH STREET TOWNHOMES LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: MD-RD

Geography

  • Parcel: 012-641-04
  • Lot: 4
  • Meridian: SEC 12 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5258
  • Longitude: -119.805

    Address

  • Full Address: 506 Mill St
  • Address - House Number: 506
  • 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: $2,506
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 481,654
  • High Value: 565,388
  • Low Value: 397,921

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $330,750
  • First Open Lien Mortgage Lender: CITY NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Dec 20, 2021
  • First Open Lien Mortgage Loan Amount: $330,750
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $179,002
  • Market Land Value: $68,900
  • Market Improvement Value: $110,102

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $89,150
  • Assessed Land Value: $35,840
  • Assessed Improvements Value: $53,310

    Sales

  • Current Sale Contract Date: Dec 03, 2021
  • Current Sale Recording Date: Dec 20, 2021
  • Current Sale Transaction ID: 11875828594
  • Current Sale Price: $441,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5260517

    Last Sale Mortgage

  • First Mortgage Lender: CITY NATIONAL BANK
  • First Mortgage Transaction Date: Dec 20, 2021
  • First Mortgage Loan Amount: $330,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

About Downtown Reno



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Frequently Asked Questions

What neighborhood is 506 Mill Street located in?
The 506 Mill Street is a townhouse located in the neighborhood of Downtown Reno in Downtown Reno, Reno.
What is the average sales price for listings in 506 Mill Street?
The average sales price for units in 506 Mill Street is $441,000 , or $434/sqft. currently.

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