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770 Montello Street

770 Montello Street, Reno, NV 89512
Property in Washoe
Sold Dec 01, 2021
$550,000
$300,000 by Oconnor Roderick
Mortgage
Sold Mar 17, 2017
$275,000
$187,500 by Heritage Bank Of Nevada
Mortgage
770 Montello Street in Reno, NV was first built in 1948 and is 76 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. It is a single story home. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 5 full bathrooms. There are 5 partial bathrooms. 770 Montello Street has 2,050 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 6,793 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The roof of the home is made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of E. The condition of the building has been evaluated as good. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with a wall air conditioning unit. As for heating, the home is utilizing floor/wall heating system. 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, 770 Montello Street sold most recently in Nov 29, 2021 for a total of $550,000. If you work out the math, that's approximately a cost of $268.29 per sqft. Before that, the property was also sold for $275,000 in Mar 1, 2017. 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 $1,132 in taxes each year. The initial year of tax delinquency occurred in 2023. 770 Montello Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $61,724. If we break it down further, the land itself was valued at $44,625. Improvements to the property, however, were assessed at a total of $17,099. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 25
  • Building Condition: Good
  • Building Quality: E
  • Construction Type: Wood
  • Building Style: Multifamily
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 5
  • Business/Commerical Units Count: 5
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,793
  • Total Building Area: 2,050
  • Gross Building Area: 2,050
  • Building Area: 2,050
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Wall air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 2,050
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LEETE SYNDICATE UNOFFICAL
  • Land Acres: 0.156
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: LEETE SYNDICATE ADD FRAC LOT 16 BLK 1

Ownership

  • Current Owner : OLESON PROPERTIES LLC
  • Previous Owner : OCONNOR RODERICK F
  • Previous Owner 2: VAZQUEZ MARIA E
  • Owner Before Previous Owner: KOPE ROBERT W
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 000105

Zoning

  • Zoning: MU

Geography

  • Assessors Map Reference: 008-33
  • Parcel: 008-332-09
  • Block: 1
  • Lot: 16
  • Meridian: SEC 1 TWN 19N RNG 19E
  • Municipality: CITY OF RENO - REDEVELOPMENT A
  • Latitude: 39.5362
  • Longitude: -119.795

    Address

  • Full Address: 770 Montello St
  • Address - House Number: 770
  • Address - Street Name: Montello
  • Address - Suffix Type: St
  • State: NV
  • City Name: Reno
  • Carrier Code: C015
  • 4-Digit Zip Code: 3621
  • Zip Code: 89512

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,132
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 1002

    Appraisal Valuation

  • Standard Deviation: 0.2968
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 40
  • Final Value: 427,843
  • High Value: 554,845
  • Low Value: 300,840

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: OCONNOR RODERICK
  • First Open Lien Mortgage Recording Date: Dec 01, 2021
  • First Open Lien Mortgage Loan Amount: $300,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $125,585
  • Market Land Value: $90,312
  • Market Improvement Value: $35,273

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $61,724
  • Assessed Land Value: $44,625
  • Assessed Improvements Value: $17,099

    Sales

  • Current Sale Contract Date: Nov 29, 2021
  • Current Sale Recording Date: Dec 01, 2021
  • Current Sale Transaction ID: 11871816448
  • Current Sale Price: $550,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5253773
  • Previous Sale Recording Date: Mar 17, 2017
  • Previous Sale Contract Date: Mar 01, 2017
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: OCONNOR RODERICK
  • First Mortgage Transaction Date: Dec 01, 2021
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: HERITAGE BANK OF NEVADA
  • Previous Mortgage Transaction Date: Mar 17, 2017
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $187,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 770 Montello Street located in?
The 770 Montello Street is a located in the neighborhood of Washoe in Reno, Reno.
What is the average sales price for listings in 770 Montello Street?
The average sales price for units in 770 Montello Street is $0 currently.

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