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516 Ridge Street

516 Ridge Street, Reno, NV 89501
Multifamily in Rio Vista Heights
Sold Jun 24, 2020
$408,600
Sold Oct 22, 1997
$130,000
$128,323 by Crossland Mtg
Mortgage Due Nov 01, 2027
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Local assessors in Reno, NV have categorized 516 Ridge Street as a residential type of property. The home was built in 1957 and is 67 years old. The property's lot size has been calculated to be 3,354 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 516 Ridge Street has a total of 1,014 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a unknown that is 475 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. 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 wood 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 composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on a wall air conditioning unit for their cooling system. The home's floor/wall heating system is the primary heating source. The property was last sold in Jun 22, 2020 for $408,600. That's $402.96 per sqft. Prior to that sales transaction, the property was also sold in Oct 21, 1997 for $130,000. 516 Ridge Street was last assessed in 2024. The total value of the property was assessed at $92,554. Specifically, the land the property is located on was valued at $66,675. While improvements on the property were assessed at a total of $25,879. 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 $1,001. The initial tax year of delinquency was in 2023. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Multifamily
  • Exterior Walls Type: Brick veneer
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 2
  • Business/Commerical Units Count: 2
  • Basement Area: 475
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,354
  • Total Building Area: 1,014
  • Gross Building Area: 1,489
  • Building Area: 1,014
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Wall air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 1,014
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: RIO VISTA HEIGHTS
  • Land Acres: 0.077
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: RIO VISTA HEIGHTS FRAC LOT 21 & 22 BLK 5

Ownership

  • Current Owner : ROSS MATTHEW LANNON
  • Current Owner 2: THE MATTHEW LANNON ROSS LIVING
  • Previous Owner : THOMPSON ELGIN TY
  • Owner Before Previous Owner: HAGGERTY ELWOOD PICKERING
  • 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: 011-15
  • Parcel: 011-152-11
  • Block: 5
  • Lot: 21,22
  • Municipality: CITY OF RENO
  • Latitude: 39.521
  • Longitude: -119.818

    Address

  • Full Address: 516 Ridge St
  • Address - House Number: 516
  • Address - Street Name: Ridge
  • Address - Suffix Type: St
  • State: NV
  • City Name: Reno
  • Carrier Code: C026
  • 4-Digit Zip Code: 1720
  • Zip Code: 89501

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,001
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.2968
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 40
  • Final Value: 522,039
  • High Value: 677,002
  • Low Value: 367,075

    Market Valuation

  • Market Total Value: $127,751
  • Market Land Value: $100,620
  • Market Improvement Value: $27,131

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $92,554
  • Assessed Land Value: $66,675
  • Assessed Improvements Value: $25,879

    Sales

  • Current Sale Contract Date: Jun 22, 2020
  • Current Sale Recording Date: Jun 24, 2020
  • Current Sale Transaction ID: 11769760391
  • Current Sale Price: $408,600
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5044022
  • Previous Sale Recording Date: Oct 22, 1997
  • Previous Sale Contract Date: Oct 21, 1997
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: CROSSLAND MTG
  • Previous Mortgage Transaction Date: Oct 22, 1997
  • Previous Mortgage Loan Amount: $128,323
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Nov 01, 2027

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Frequently Asked Questions

What neighborhood is 516 Ridge Street located in?
The 516 Ridge Street is a multifamily located in the neighborhood of Rio Vista Heights in Rio Vista Heights, Reno.
What is the average sales price for listings in 516 Ridge Street?
The average sales price for units in 516 Ridge Street is $0 currently.

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