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641 Gear Street

641 Gear Street, Reno, NV 89503
Multifamily in St. George
Sold Dec 31, 2020
$625,000
641 Gear Street 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 1956 and is 68 years old. The home has a total of 6 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 641 Gear Street has 1,798 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 4,920 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily 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. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 728 sqft. According to our sources, there are a total of 3 available parking spaces. 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 good. 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 wood 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 wood siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. 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 Dec 28, 2020 for $625,000. That's $347.61 per sqft. 641 Gear Street was last assessed in 2024. The total value of the property was assessed at $90,055. Specifically, the land the property is located on was valued at $64,225. While improvements on the property were assessed at a total of $25,830. 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 $1,742. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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

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

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Multifamily
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 4
  • Business/Commerical Units Count: 4
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 728
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 4,920
  • Total Building Area: 1,798
  • Gross Building Area: 1,798
  • Building Area: 1,798
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,798
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ST GEORGE`S ADDITION
  • Land Acres: 0.113
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: ST GEORGES ADD FRAC LOT 15 & 16 BLK A

Ownership

  • Current Owner : HALL ANN
  • Previous Owner : FREY LAURIE
  • Previous Owner 2: COLLINS LAURIE
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 001400

Zoning

  • Zoning: MF14

Geography

  • Assessors Map Reference: 007-14
  • Parcel: 007-141-05
  • Block: A
  • Lot: 15,16
  • Meridian: SEC 2 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5377
  • Longitude: -119.826

    Address

  • Full Address: 641 Gear St
  • Address - House Number: 641
  • Address - Street Name: Gear
  • Address - Suffix Type: St
  • State: NV
  • City Name: Reno
  • Carrier Code: C036
  • 4-Digit Zip Code: 2838
  • Zip Code: 89503

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,742
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.2968
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 40
  • Final Value: 514,403
  • High Value: 667,099
  • Low Value: 361,706

    Market Valuation

  • Market Total Value: $177,030
  • Market Land Value: $125,000
  • Market Improvement Value: $52,030

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $90,055
  • Assessed Land Value: $64,225
  • Assessed Improvements Value: $25,830

    Sales

  • Current Sale Contract Date: Dec 28, 2020
  • Current Sale Recording Date: Dec 31, 2020
  • Current Sale Transaction ID: 11811312594
  • Current Sale Price: $625,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5123733

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Frequently Asked Questions

What neighborhood is 641 Gear Street located in?
The 641 Gear Street is a multifamily located in the neighborhood of St. George in University of Nevada, Reno.
What is the average sales price for listings in 641 Gear Street?
The average sales price for units in 641 Gear Street is $0 currently.

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