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519 Elko Avenue

519 Elko Avenue, Reno, NV 89512
Multifamily in Downtown Reno
Sold Jun 22, 2021
$865,000
Sold May 29, 2020
$300,000
$340,000 by Lantzman Management Inc
Mortgage
519 Elko Avenue has been categorized by the local assessors in Reno, NV as a residential type of property. The building on the property was first built in 1915 and is 109 years old. However, we must point out that the home was most recently renovated and altered in 1934. The home has a total of 9 bedrooms. Residents will have access to 5 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 2 stories. In addition, 519 Elko Avenue has 2,856 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as fair. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of masonry. The inside of the home is being cooled with a wall air conditioning unit at the moment. In terms of heating, it is utilizing floor/wall heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Jun 18, 2021 for $865,000. That's $302.87 per sqft. Prior to that sales transaction, the property was also sold in May 28, 2020 for $300,000. 519 Elko Avenue was last assessed in 2024. The total value of the property was assessed at $80,886. Specifically, the land the property is located on was valued at $47,250. While improvements on the property were assessed at a total of $33,636. 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 $1,659. The initial tax year of delinquency was in 2022. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1934
  • Building Count: 3
  • Bedroom Count: 9
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 25
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Masonry
  • Building Style: Duplex
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 5
  • Basement Type: Unfinished basement
  • Basement Area: 1,152
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 2,856
  • Gross Building Area: 4,008
  • Building Area: 2,856
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Wall air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 2,856
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MORRILL`S ADDITION
  • Land Acres: 0.172
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: MORRILLS ADD LT 14 BLK 5

Ownership

  • Current Owner : RENOLOV HOLDING LLC
  • Previous Owner : LARKINS GABRIEL
  • Previous Owner 2: LARKINS SHIRLEY
  • Owner Before Previous Owner: TALAYKA JOSHUA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 000105

Zoning

  • Zoning: MD-ID

Geography

  • Assessors Map Reference: 008-18
  • Parcel: 008-531-05
  • Block: 5
  • Lot: 14
  • Meridian: SEC 12 TWN 19N RNG 19E
  • Municipality: CITY OF RENO - REDEVELOPMENT A
  • Latitude: 39.5332
  • Longitude: -119.807

    Address

  • Full Address: 519 Elko Ave
  • Address - House Number: 519
  • Address - Street Name: Elko
  • Address - Suffix Type: Ave
  • State: NV
  • City Name: Reno
  • Carrier Code: C015
  • 4-Digit Zip Code: 3412
  • Zip Code: 89512

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,659
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 1002

    Appraisal Valuation

  • Standard Deviation: 0.209
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 973,633
  • High Value: 1,177,138
  • Low Value: 770,127

    Market Valuation

  • Market Total Value: $161,132
  • Market Land Value: $95,625
  • Market Improvement Value: $65,507

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $80,886
  • Assessed Land Value: $47,250
  • Assessed Improvements Value: $33,636

    Sales

  • Current Sale Contract Date: Jun 18, 2021
  • Current Sale Recording Date: Jun 22, 2021
  • Current Sale Transaction ID: 11841556627
  • Current Sale Price: $865,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5195156
  • Previous Sale Recording Date: May 29, 2020
  • Previous Sale Contract Date: May 28, 2020
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Previous Mortgages

  • Previous Mortgage Lender: LANTZMAN MANAGEMENT INC
  • Previous Mortgage Transaction Date: May 29, 2020
  • Previous Mortgage Loan Amount: $340,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 519 Elko Avenue located in?
The 519 Elko Avenue is a multifamily located in the neighborhood of Downtown Reno in Downtown Reno, Reno.
What is the average sales price for listings in 519 Elko Avenue?
The average sales price for units in 519 Elko Avenue is $0 currently.

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