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775 Montello Street

775 Montello Street, Reno, NV 89512
Multifamily in Washoe
Sold May 06, 2022
$745,000
$569,160 by Homexpress Mortgage Corp.
Mortgage Due Jun 01, 2062
Sold Jul 28, 2017
$410,000
Buyer
Seller
$307,500 by Bank Of The West
Mortgage
775 Montello Street has been categorized by the local assessors in Reno, NV as a residential type of property. The building on the property was first built in 2005 and is 19 years old. The home has a total of 6 bedrooms. Residents will have access to 3 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 2 stories. In addition, 775 Montello Street has 2,985 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,153 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying both a unknown and a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of E by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of materials we are unsure of. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 775 Montello Street was last sold in May 3, 2022 for $745,000. According to our calculations, that's $249.58 per sqft. Prior to that sales transaction, the property was sold for $410,000 in Jul 25, 2017. Current property owners are expected to pay $2,317 in taxes per year. The property on 775 Montello Street was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $121,658. To break that down further, the land itself was valued at $40,163. While improvements to the property were assessed at a total of $81,495. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Masonry Exterior
Wood Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 3
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 24
  • Building Quality: E
  • Construction Type: Wood
  • Building Style: Multifamily
  • Exterior Walls Type: Other
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 3
  • Business/Commerical Units Count: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,153
  • Total Building Area: 2,985
  • Gross Building Area: 2,985
  • Building Area: 2,985
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,985
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: _UNSPECIFIED
  • Land Acres: 0.118
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: PM 4472 LT A

Ownership

  • Current Owner : GOODWIN WILLIAM
  • Previous Owner : ALBUQUERQUE FAMILY TRUST
  • Owner Before Previous Owner: SALKELD INC
  • Ownership Rights Codes: unknown

Neighborhood

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

Zoning

  • Zoning: MU

Geography

  • Assessors Map Reference: 4472
  • Parcel: 008-331-17
  • Lot: A
  • Meridian: SEC 1 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5361
  • Longitude: -119.796

    Address

  • Full Address: 775 Montello St
  • Address - House Number: 775
  • Address - Street Name: Montello
  • Address - Suffix Type: St
  • State: NV
  • City Name: Reno
  • Carrier Code: C015
  • 4-Digit Zip Code: 3634
  • Zip Code: 89512

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,317
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.2968
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 40
  • Final Value: 610,961
  • High Value: 792,320
  • Low Value: 429,601

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $569,160
  • First Open Lien Mortgage Lender: HOMEXPRESS MORTGAGE CORP.
  • First Open Lien Mortgage Recording Date: May 06, 2022
  • First Open Lien Mortgage Loan Amount: $569,160
  • First Open Lien Mortgage Term: 480
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2062

    Market Valuation

  • Market Total Value: $250,066
  • Market Land Value: $73,100
  • Market Improvement Value: $176,966

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $121,658
  • Assessed Land Value: $40,163
  • Assessed Improvements Value: $81,495

    Sales

  • Current Sale Contract Date: May 03, 2022
  • Current Sale Recording Date: May 06, 2022
  • Current Sale Transaction ID: 11887150037
  • Current Sale Price: $745,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5301186
  • Previous Sale Recording Date: Jul 28, 2017
  • Previous Sale Contract Date: Jul 25, 2017
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMEXPRESS MORTGAGE CORP
  • First Mortgage Transaction Date: May 06, 2022
  • First Mortgage Loan Amount: $569,160
  • First Mortgage Terms: 480
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2062

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF THE WEST
  • Previous Mortgage Transaction Date: Jul 28, 2017
  • Previous Mortgage Loan Amount: $307,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 775 Montello Street located in?
The 775 Montello Street is a multifamily located in the neighborhood of Washoe in Reno, Reno.
What is the average sales price for listings in 775 Montello Street?
The average sales price for units in 775 Montello Street is $0 currently.

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