See Home Value
$1,426,962*
Land - Off Market

Undefined

Reno, NV 89523
bedrooms
Studio
bathrooms
0 Bath
$1,292,000 - $1,578,000
Reference Base Price*
-0.56%
Since Sep 1, 2023
National-US
Primary Model
Sold Sep 12, 2006
$3,500,000

About This Property

Introducing an incredible opportunity for residential development above the highly desirable Somersett Tolls Brothers "Cliffs" community in Reno, NV.  This developable piece of land, offers a total lot size of 41.46 acres, providing ample space to create a remarkable single-family homes development. Boasting breathtaking city and mountain views, this property showcases the beauty of its surroundings.  Off-site city utilities are conveniently located nearby, ensuring ease and efficiency for development.
Unit Size
-
Days on Market
-
Land Size
41.46 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,400
HOA Dues
-
Year Built
2004

Price History

Date / Event Date Event Price
Aug 18, 2023 No longer available -
No longer available
Jul 20, 2023 Listed $1,435,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Floor Count: 1
  • Living Units: 2
  • Business/Commerical Units Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 11,652
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 227,732
  • Lot Size Frontage Feet: 50
  • Total Building Area: 9,772
  • Gross Building Area: 21,424
  • Building Area: 21,424
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 9,772
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MORGAN POINTE @ SOMERSETT
  • Land Acres: 5.228
  • Standard Land Use Code: Residential common area (condo/pud/etc.)
  • Legal Description 1: PM 4123 LT 1A RS 4742

Ownership

  • Current Owner : SOMERSETT OWNERS ASSN
  • Previous Owner : SOMERSETT DEVELOPMENT CO LTD
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 002409

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: 4123
  • Subdivision Tract Number: 4742
  • Parcel: 232-051-06
  • Lot: 1A
  • Municipality: CITY OF RENO - VERDI T.V.
  • Latitude: 39.5314
  • Longitude: -119.914

    Address

  • Full Address: 7650 Town Square Ln
  • Address - House Number: 7650
  • Address - Street Name: Town Square
  • Address - Suffix Type: Ln
  • State: NV
  • City Name: Reno
  • Carrier Code: R024
  • 4-Digit Zip Code: 4847
  • Zip Code: 89523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 1011

    Assessments Valuation

  • Assessed Year: 2024

    Sales

  • Current Sale Contract Date: Sep 12, 2006
  • Current Sale Recording Date: Sep 12, 2006
  • Current Sale Transaction ID: 1190979102
  • Current Sale Price: $3,500,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 3437534

    Last Sale Mortgage

  • First Mortgage Lender: SOMERSETT AMENITY LLC
  • First Mortgage Transaction Date: Sep 12, 2006
  • First Mortgage Loan Amount: $3,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Somersett


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 6850 Sharlands Avenue X1145, Reno, NV, 89523

$1,400 /mo

  • 1 Bed
  • 1 Bath
  • 692 ft²
6850 Sharlands Avenue X1145 #6850 Sharlands Avenue X1145, Reno, NV, 89523 Listing by Manager
Unit for rent at W. 7350 4th Street, Reno, NV, 89523

$1,345 /mo

  • 1 Bed
  • 1 Bath
  • 570 ft²
W. 7350 4th Street #7350 4th Street - Unit 3, Reno, NV, 89523 Listing by Adorable studio near the Truckee River


Frequently Asked Questions

When was property at 7650 Town Square Way built and last sold?
The property at 7650 Town Square Way was built in 2004 and last sold on Sep 12, 2006 for $3,500,000.
How much is this home worth?
The estimated value of the home located at 7650 Town Square Way is $1,449,350.
What are some comparable homes to 7650 Town Square Way?
There are currently no comparable homes to 7650 Town Square Way.

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