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725 Arius Court

725 Arius Court, Reno, NV 89512
Sold May 11, 2021
$745,000
$576,000 by Wells Fargo Bank Na
Mortgage Due Jun 01, 2051
Sold Nov 17, 2017
$563,000
$212,000 by Summit Funding Inc
Mortgage Due Dec 01, 2047
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Local assessors in Reno, NV have categorized 725 Arius Court as a residential type of property. The home was built in 1991 and is 33 years old. The property's lot size has been calculated to be 16,988 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, 4 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 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 725 Arius Court has a total of 3,558 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement with daylight that is 680 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 underground or in the basement for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. 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. 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 - B. The building has a roof that is made of concrete. Lots of wood siding were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in May 10, 2021 for $745,000. That's $175.79 per sqft. Prior to that sales transaction, the property was also sold in Oct 2, 2017 for $563,000. 725 Arius Court was last assessed in 2024. The total value of the property was assessed at $180,037. Specifically, the land the property is located on was valued at $48,878. While improvements on the property were assessed at a total of $131,160. 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 $5,336. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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

Wood Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Concrete
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 680
  • Garage Type: Underground/basement
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 16,988
  • Total Building Area: 4,238
  • Gross Building Area: 4,238
  • Building Area: 3,558
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,558
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: UNIVERSITY HEIGHTS 1
  • Land Acres: 0.39
  • Standard Land Use Code: Single family residential
  • Legal Description 1: UNIVERSITY HEIGHTS 1 LT 9 BLK A

Ownership

  • Current Owner : MILLER MARSHALL PHILIP
  • Current Owner 2: PINTO HUNTER LAND
  • Previous Owner : BOWER JAMES
  • Previous Owner 2: BOWER ERICA
  • Owner Before Previous Owner: CARTER JOEY N
  • Owner Before Previous Owner 2: CARTER RENE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 001501

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: 003-45
  • Parcel: 003-451-09
  • Block: A
  • Lot: 9
  • Meridian: SEC 35 TWN 20N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5561
  • Longitude: -119.816

    Address

  • Full Address: 725 Arius Ct
  • Address - House Number: 725
  • Address - Street Name: Arius
  • Address - Suffix Type: Ct
  • State: NV
  • City Name: Reno
  • Carrier Code: C069
  • 4-Digit Zip Code: 4510
  • Zip Code: 89512

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,336
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 837,419
  • High Value: 974,576
  • Low Value: 700,263

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $576,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: May 11, 2021
  • First Open Lien Mortgage Loan Amount: $576,000
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $432,402
  • Market Land Value: $144,000
  • Market Improvement Value: $288,402

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $180,037
  • Assessed Land Value: $48,878
  • Assessed Improvements Value: $131,160

    Sales

  • Current Sale Contract Date: May 10, 2021
  • Current Sale Recording Date: May 11, 2021
  • Current Sale Transaction ID: 11840399289
  • Current Sale Price: $745,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5178880
  • Previous Sale Recording Date: Nov 17, 2017
  • Previous Sale Contract Date: Oct 02, 2017
  • Previous Sale Amount: $563,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: May 11, 2021
  • First Mortgage Loan Amount: $576,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: SUMMIT FUNDING INC
  • Previous Mortgage Transaction Date: Nov 17, 2017
  • Previous Mortgage Loan Amount: $212,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2047

About University Heights North



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Frequently Asked Questions

What neighborhood is 725 Arius Court located in?
The 725 Arius Court is a house located in the neighborhood of University Heights North in University Heights North, Reno.
What is the average sales price for listings in 725 Arius Court?
The average sales price for units in 725 Arius Court is $799,000 , or $225/sqft. currently.

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