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650 Lancaster Drive

650 Lancaster Drive, Reno, NV 89506
Sold Apr 17, 2020
$275,000
$270,019 by Cmg Mortgage Inc
Mortgage Due May 01, 2050
Sold Nov 02, 1998
Transfer
$83,550 by Veterans Admin
Mortgage Due Nov 01, 2028
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Local assessors in Reno, NV have categorized 650 Lancaster Drive as a residential type of property. The home was built in 1966 and is 58 years old. The property's lot size has been calculated to be 9,617 square feet. 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, 3 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 2 full bathrooms. There are also 2 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 650 Lancaster Drive has a total of 1,020 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 garage for those who need a place to park their vehicle. The garage on the property is 285 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 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 frame 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 wood were used in the construction of the exterior walls of the home. The home's a forced air unit is the primary heating source. 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, 650 Lancaster Drive sold most recently in Apr 13, 2020 for a total of $275,000. If you work out the math, that's approximately a cost of $210.73 per sqft. 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 $806 in taxes each year. 650 Lancaster Drive was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $47,898. If we break it down further, the land itself was valued at $30,030. Improvements to the property, however, were assessed at a total of $17,868. 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.

Building Features

Exterior

Asbestos Siding Wood Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • 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
  • Exterior Walls Type: Wood
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 285
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 9,617
  • Total Building Area: 1,305
  • Gross Building Area: 1,625
  • Building Area: 1,020
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,020
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: RALEIGH HEIGHTS SUB UNIT 3
  • Land Acres: 0.221
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RALEIGH HEIGHTS 3 LT 266

Ownership

  • Current Owner : GILES PENIROSE
  • Current Owner 2: GILES JOSEPH W
  • Previous Owner : MAGRINI BEATRICE L
  • Owner Before Previous Owner: VA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 002620

Zoning

  • Zoning: SF8

Geography

  • Assessors Map Reference: 082-37
  • Parcel: 082-373-25
  • Lot: 266
  • Municipality: CITY OF RENO
  • Latitude: 39.59
  • Longitude: -119.842

    Address

  • Full Address: 650 Lancaster Dr
  • Address - House Number: 650
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Dr
  • State: NV
  • City Name: Reno
  • Carrier Code: C040
  • 4-Digit Zip Code: 1901
  • Zip Code: 89506

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $806
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 355,463
  • High Value: 415,613
  • Low Value: 295,313

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $280,820
  • First Open Lien Mortgage Lender: CMG MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Apr 17, 2020
  • First Open Lien Mortgage Loan Amount: $270,019
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2050
  • Second Open Lien Mortgage Lender: NEVADA HOUSING DIVISION
  • Second Open Lien Mortgage Recording Date: Apr 17, 2020
  • Second Open Lien Mortgage Loan Amount: $10,801
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)

    Market Valuation

  • Market Total Value: $85,008
  • Market Land Value: $48,200
  • Market Improvement Value: $36,808

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $47,898
  • Assessed Land Value: $30,030
  • Assessed Improvements Value: $17,868

    Sales

  • Current Sale Contract Date: Apr 13, 2020
  • Current Sale Recording Date: Apr 17, 2020
  • Current Sale Transaction ID: 11754881780
  • Current Sale Price: $275,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5020451
  • Previous Sale Recording Date: Nov 02, 1998
  • Previous Sale Contract Date: Oct 27, 1998
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CMG MORTGAGE INC
  • First Mortgage Transaction Date: Apr 17, 2020
  • First Mortgage Loan Amount: $270,019
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: VETERANS ADMIN
  • Previous Mortgage Transaction Date: Nov 02, 1998
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $83,550
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back
  • Previous Mortgage Loan Due Date: Nov 01, 2028

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Frequently Asked Questions

What neighborhood is 650 Lancaster Drive located in?
The 650 Lancaster Drive is a house located in the neighborhood of Raleigh Heights in Raleigh Heights, Reno.
What is the average sales price for listings in 650 Lancaster Drive?
The average sales price for units in 650 Lancaster Drive is $0 currently.

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