Check Availability

531 Mill Street

531 Mill Street, Reno, NV 89502
Multifamily in Downtown Reno
Local assessors in Reno, NV have categorized 531 Mill Street as a residential type of property. The home was built in 1936 and is 88 years old. The property's lot size has been calculated to be 7,000 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex 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, 5 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 531 Mill Street has a total of 2,548 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 360 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 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 fair. 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 masonry 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 - D. The building has a roof that is made of composition shingle. Lots of masonry were used in the construction of the exterior walls of the home. 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, 531 Mill Street was last sold in Aug 22, 2019 for $489,000. According to our calculations, that's $135.53 per sqft. Prior to that sales transaction, the property was sold for $345,000 in Feb 26, 2007. Current property owners are expected to pay $1,712 in taxes per year. The property on 531 Mill Street was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $100,218. To break that down further, the land itself was valued at $59,500. While improvements to the property were assessed at a total of $40,718. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

Exterior

Brick Venner Exterior
Masonry Exterior

Parking

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190130
01/30/2019
Studio
-
-
$498,500
bedrooms
Studio
bathrooms
-
$489,000 -1.91%
08/23/2019
Kristin Gandolfo

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1936
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 18
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Masonry
  • Building Style: Duplex
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 3
  • Basement Type: Unfinished basement
  • Basement Area: 2,548
  • Garage Type: Attached
  • Garage Square Area: 360
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 3,608
  • Gross Building Area: 5,474
  • Building Area: 2,548
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,548
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HAYDON-SHOEMAKER SE ADDITION
  • Land Acres: 0.161
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: HAYDON SHOEMAKER LT 4 BLK I

Ownership

  • Current Owner : WONG CHRISTOPHER
  • Current Owner 2: WONG MIASA K
  • Previous Owner : MAREK CHRISTOPHER
  • Owner Before Previous Owner: BECK LORI
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

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

Zoning

  • Zoning: MD-RD

Geography

  • Assessors Map Reference: 012-11
  • Parcel: 012-112-11
  • Block: I
  • Lot: 4
  • Municipality: CITY OF RENO
  • Latitude: 39.5261
  • Longitude: -119.805

    Address

  • Full Address: 531 Mill St
  • Address - House Number: 531
  • Address - Street Name: Mill
  • Address - Suffix Type: St
  • State: NV
  • City Name: Reno
  • Carrier Code: C035
  • 4-Digit Zip Code: 1027
  • Zip Code: 89502

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,712
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 705,664
  • High Value: 829,543
  • Low Value: 581,785

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $366,750
  • First Open Lien Mortgage Lender: GREATER NEVADA LLC
  • First Open Lien Mortgage Recording Date: Aug 23, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $366,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2049

    Market Valuation

  • Market Total Value: $182,889
  • Market Land Value: $101,200
  • Market Improvement Value: $81,689

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $100,218
  • Assessed Land Value: $59,500
  • Assessed Improvements Value: $40,718

    Sales

  • Current Sale Contract Date: Aug 22, 2019
  • Current Sale Recording Date: Aug 23, 2019
  • Current Sale Transaction ID: 11637717744
  • Current Sale Price: $489,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 4944411
  • Previous Sale Recording Date: Apr 17, 2007
  • Previous Sale Contract Date: Feb 26, 2007
  • Previous Sale Amount: $345,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: GREATER NEVADA LLC
  • First Mortgage Transaction Date: Aug 23, 2019
  • First Mortgage Loan Amount: $366,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Sep 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PAUL FINANCIAL LLC
  • Previous Mortgage Transaction Date: Apr 17, 2007
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $276,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Negative Amortization
  • Previous Mortgage Loan Due Date: May 01, 2037

About Downtown Reno



Similar Buildings

Multifamily at 531 Mill Street,

802 East 4th Street

  • 1 Unit for Sale
  • 1 Story
802 East 4th Street, Reno, NV 89512 Commercial in Downtown Reno
Multifamily at 531 Mill Street,

363 Roberts Street

  • 1 Unit for Sale
  • 2 Stories
363 Roberts Street, Reno, NV 89502 Multifamily in Downtown Reno
Multifamily at 531 Mill Street,

1118 East 4th Street

  • 1 Unit for Sale
  • 1 Story
1118 East 4th Street, Reno, NV 89512 Commercial in Downtown Reno
Multifamily at 531 Mill Street,

630 Valley Road

  • 1 Unit for Sale
  • 1 Story
630 Valley Road, Reno, NV 89512 Multifamily in Downtown Reno
Multifamily at 531 Mill Street,

458 East 7th Street

  • 1 Unit for Sale
  • 1 Story
458 East 7th Street, Reno, NV 89512 Multifamily in Downtown Reno
Multifamily at 531 Mill Street,

612 Cheney Street

  • 1 Unit for Sale
  • 1 Story
612 Cheney Street, Reno, NV 89502 Multifamily in Downtown Reno
Multifamily at 531 Mill Street,

641 Sutro Street

  • 1 Unit for Sale
641 Sutro Street, Reno, NV 89512 Multifamily in Downtown Reno

Nearby Rentals

Unit for rent at 255 N Sierra 1409, Reno, NV, 89501

$2,800 /mo

  • 1 Bed
  • 1 Bath
  • 996 ft²
255 N Sierra 1409, Reno, NV, 89501 Listing by Jan Mackenzie
Unit for rent at 210 Cheney, Reno, NV, 89502

$1,995 /mo

  • 2 Beds
  • 1 Bath
  • 612 ft²
210 Cheney, Reno, NV, 89502 Listing by David Martin
Unit for rent at 700 W Plumb Lane, Reno, NV, 89509

$2,400 /mo

  • 2 Beds
  • 1 Bath
  • 1,076 ft²
700 W Plumb Lane, Reno, NV, 89509 Listing by Kathleen Knuf Felte
Unit for rent at 550 W 10th St, Reno, NV, 89503

$1,295 /mo

  • 1 Bed
  • 1 Bath
  • 718 ft²
550 W 10th St, Reno, NV, 89503 Listing by Donal Minihan
Unit for rent at 1036 Bell St, Reno, NV, 89503

$1,095 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
1036 Bell St, Reno, NV, 89503 Listing by Donal Minihan
Unit for rent at 942 Roberts Street, Reno, NV, 89502

$1,650 /mo

  • 2 Beds
  • 1 Bath
  • 931 ft²
942 Roberts Street, Reno, NV, 89502 Listing by Sara Sharkey
Unit for rent at 925 Lester Ave., Reno, NV, 89502

$2,450 /mo

  • 3 Beds
  • 3 Baths
  • 1,826 ft²
925 Lester Ave., Reno, NV, 89502 Listing by Robert Pierce

Frequently Asked Questions

What neighborhood is 531 Mill Street located in?
The 531 Mill Street is a multifamily located in the neighborhood of Downtown Reno in Downtown Reno, Reno.
What is the average sales price for listings in 531 Mill Street?
The average sales price for units in 531 Mill Street is $494,500 currently.

Quantcast