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6430 Lotus Street

6430 Lotus Street, Reno, NV 89506
House in Silver Lake
Sold Oct 30, 2018
$227,500
$227,000 by United Wholesale Mortgage
Mortgage Due Sep 01, 2050
Sold Mar 13, 2018
$170,000
6430 Lotus 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 1978 and is 46 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 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, 6430 Lotus Street has 1,080 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 3,790 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo 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 attached garage for those who require parking. The garage measured 437 sqft. According to our sources, there are a total of 2 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 frame 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. The inside of the home is being cooled with a evaporative cooler 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 6430 Lotus Street sold most recently in Oct 25, 2018 for a total of $227,500. If you work out the math, that's approximately a cost of $149.97 per sqft. Before that, the property was also sold for $170,000 in Mar 12, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $929 in taxes each year. The initial year of tax delinquency occurred in 2021. 6430 Lotus Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $42,331. If we break it down further, the land itself was valued at $24,710. Improvements to the property, however, were assessed at a total of $17,621. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Wood
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 437
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,790
  • Total Building Area: 1,517
  • Gross Building Area: 1,517
  • Building Area: 1,080
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Evaporative cooler
  • Heating: Forced air unit
  • Heated Square Feet: 1,080
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SILVER LAKE 1A
  • Land Acres: 0.087
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: SILVER LAKE 1A LT 31 BLK D

Ownership

  • Current Owner : MARQUEZ MARTINEZ JESUS
  • Previous Owner : SHORT THOMAS
  • Owner Before Previous Owner: SEELY MICHAEL A
  • Owner Before Previous Owner 2: SEELY LISA A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 002614

Zoning

  • Zoning: SF11

Geography

  • Assessors Map Reference: 554-04
  • Parcel: 554-043-11
  • Block: D
  • Lot: 31
  • Municipality: CITY OF RENO
  • Latitude: 39.6241
  • Longitude: -119.886

    Address

  • Full Address: 6430 Lotus St
  • Address - House Number: 6430
  • Address - Street Name: Lotus
  • Address - Suffix Type: St
  • State: NV
  • City Name: Reno
  • Carrier Code: C042
  • 4-Digit Zip Code: 1748
  • Zip Code: 89506

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $929
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 295,211
  • High Value: 347,131
  • Low Value: 243,290

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $227,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Aug 10, 2020
  • First Open Lien Mortgage Loan Amount: $227,000
  • 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: Sep 01, 2050

    Market Valuation

  • Market Total Value: $84,169
  • Market Land Value: $42,900
  • Market Improvement Value: $41,269

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $42,331
  • Assessed Land Value: $24,710
  • Assessed Improvements Value: $17,621

    Sales

  • Current Sale Contract Date: Oct 25, 2018
  • Current Sale Recording Date: Oct 30, 2018
  • Current Sale Transaction ID: 11524068799
  • Current Sale Price: $227,500
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 4862498
  • Previous Sale Recording Date: Mar 13, 2018
  • Previous Sale Contract Date: Mar 12, 2018
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: ISERVE RESIDENTIAL LENDING LLC
  • First Mortgage Transaction Date: Oct 30, 2018
  • First Mortgage Loan Amount: $223,378
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2048

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Frequently Asked Questions

What neighborhood is 6430 Lotus Street located in?
The 6430 Lotus Street is a house located in the neighborhood of Silver Lake in Silver Lake, Reno.
What is the average sales price for listings in 6430 Lotus Street?
The average sales price for units in 6430 Lotus Street is $0 currently.

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