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720 South Meadows Parkway

720 South Meadows Parkway, Reno, NV 89521
Property in South Meadows
Local assessors in Reno, NV have categorized 720 South Meadows Parkway as a commercial type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 33,986 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. 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 720 South Meadows Parkway has a total of 8,247 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. 720 South Meadows Parkway is a 4 code building. This code stands for "buildings that have wood or wood and steel frames.". 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. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. 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 wood 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 - B. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on a packaged air conditioning unit for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Oct 1, 2021 for $20,050,000. That's $2,431.19 per sqft. Prior to that sales transaction, the property was also sold in Nov 3, 2014 for $12,000,000. 720 South Meadows Parkway was last assessed in 2024. The total value of the property was assessed at $671,856. Specifically, the land the property is located on was valued at $208,164. While improvements on the property were assessed at a total of $463,692. 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 $20,579. 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.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Unknown
  • Exterior Walls Type: Stucco
  • Floor Count: 1
  • Living Units: 1
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 33,986
  • Total Building Area: 8,247
  • Gross Building Area: 8,247
  • Building Area: 8,247
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 8,247
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Commercial
  • Subdivision: _UNSPECIFIED
  • Land Acres: 0.78
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: PM 4144 LT 2D

Ownership

  • Current Owner : DOUBLE DIAMOND RENO I LLC
  • Current Owner 2: DOUBLE DIAMOND RENO II LLC
  • Previous Owner : SUNSTONE DOUBLE DIAMOND LLC
  • Owner Before Previous Owner: WELLS FARGO BANK
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 002208

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: 4144
  • Parcel: 160-220-39
  • Lot: 2D
  • Municipality: CITY OF RENO
  • Latitude: 39.438
  • Longitude: -119.758

    Address

  • Full Address: 720 S Meadows Pkwy
  • Address - House Number: 720
  • Street Direction: S
  • Address - Street Name: Meadows
  • Address - Suffix Type: Pkwy
  • State: NV
  • City Name: Reno
  • Carrier Code: R042
  • 4-Digit Zip Code: 3860
  • Zip Code: 89521

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $20,579
  • Tax Rate Code Area: 1000

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $10,750,000
  • First Open Lien Mortgage Lender: DBR INVESTEMENTS CO LIMITED
  • First Open Lien Mortgage Recording Date: Oct 08, 2021
  • First Open Lien Mortgage Loan Amount: $10,750,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $1,477,443
  • Market Land Value: $509,790
  • Market Improvement Value: $967,653

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $671,856
  • Assessed Land Value: $208,164
  • Assessed Improvements Value: $463,692

    Sales

  • Current Sale Contract Date: Oct 01, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Transaction ID: 11868683448
  • Current Sale Price: $20,050,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5235500
  • Previous Sale Recording Date: Nov 12, 2014
  • Previous Sale Contract Date: Nov 03, 2014
  • Previous Sale Amount: $12,000,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: DBR INVESTEMENTS CO LIMITED
  • First Mortgage Transaction Date: Oct 08, 2021
  • First Mortgage Loan Amount: $10,750,000
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: CANTOR COMMERCIAL REAL ESTATE
  • Previous Mortgage Transaction Date: Nov 12, 2014
  • Previous Mortgage Loan Amount: $8,600,000
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About South Meadows



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Frequently Asked Questions

What neighborhood is 720 South Meadows Parkway located in?
The 720 South Meadows Parkway is a located in the neighborhood of South Meadows in South Meadows, Reno.
What is the average sales price for listings in 720 South Meadows Parkway?
The average sales price for units in 720 South Meadows Parkway is $0 currently.

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