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795 Shangri La Drive

795 Shangri La Drive, Reno, NV 89509
Multifamily in Shangri-La
Sold Feb 13, 2023
$640,000
$303,000 by The Turnkey Foundation Inc.
Mortgage Due Oct 01, 2053
Sold Feb 27, 2019
$465,000
795 Shangri La Drive 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 1957 and is 67 years old. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 795 Shangri La Drive has 884 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 4,882 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex 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. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 240 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. 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 frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of brick veneer. In terms of heating, it is utilizing a forced air unit. 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. 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, 795 Shangri La Drive sold most recently in Feb 9, 2023 for a total of $640,000. If you work out the math, that's approximately a cost of $569.40 per sqft. Before that, the property was also sold for $465,000 in Feb 20, 2019. 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 $1,473 in taxes each year. 795 Shangri La Drive was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $60,040. If we break it down further, the land itself was valued at $43,645. Improvements to the property, however, were assessed at a total of $16,395. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Exterior

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Duplex
  • Exterior Walls Type: Brick veneer
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 240
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,882
  • Total Building Area: 1,124
  • Gross Building Area: 1,124
  • Building Area: 884
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 884
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SHANGRI-LA
  • Land Acres: 0.112
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PM 5684 LOT 8A

Ownership

  • Current Owner : STRICKLAND FAMILY TRUST
  • Previous Owner : RENTALS AND MORE LLC
  • Owner Before Previous Owner: PICCININI MCROBERTS JULIA ANN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 000301

Zoning

  • Zoning: MF14

Geography

  • Assessors Map Reference: 5684
  • Parcel: 014-192-28
  • Block: A
  • Lot: 8A
  • Meridian: SEC 14 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5085
  • Longitude: -119.817

    Address

  • Full Address: 795 Shangri La Dr
  • Address - House Number: 795
  • Address - Street Name: Shangri La
  • Address - Suffix Type: Dr
  • State: NV
  • City Name: Reno
  • Carrier Code: C009
  • 4-Digit Zip Code: 3344
  • Zip Code: 89509

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,473
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1642
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 508,206
  • High Value: 591,672
  • Low Value: 424,740

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $303,000
  • First Open Lien Mortgage Lender: THE TURNKEY FOUNDATION INC.
  • First Open Lien Mortgage Recording Date: Sep 11, 2023
  • First Open Lien Mortgage Loan Amount: $303,000
  • 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: Oct 01, 2053

    Market Valuation

  • Market Total Value: $172,437
  • Market Land Value: $111,800
  • Market Improvement Value: $60,637

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $60,040
  • Assessed Land Value: $43,645
  • Assessed Improvements Value: $16,395

    Sales

  • Current Sale Contract Date: Feb 09, 2023
  • Current Sale Recording Date: Feb 13, 2023
  • Current Sale Transaction ID: 11902324727
  • Current Sale Price: $640,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5362405
  • Previous Sale Recording Date: Feb 27, 2019
  • Previous Sale Contract Date: Feb 20, 2019
  • Previous Sale Amount: $465,000
  • Previous Sale Document Type: Bargain and Sale Deed

About Plumas



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$850 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
Listing by Christopher G. Raad

Frequently Asked Questions

What neighborhood is 795 Shangri La Drive located in?
The 795 Shangri La Drive is a multifamily located in the neighborhood of Shangri-La in Plumas, Reno.
What is the average sales price for listings in 795 Shangri La Drive?
The average sales price for units in 795 Shangri La Drive is $0 currently.

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