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860 Novelly Drive

860 Novelly Drive, Reno, NV 89503
Sold Oct 25, 2021
$390,000
$170,000 by Summit Funding Inc
Mortgage Due Nov 01, 2051
Sold Apr 25, 2019
$280,000
$9,622 by State Of Neveda Department Of
Mortgage
860 Novelly Drive in Reno, NV was first built in 1947 and is 77 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 860 Novelly Drive has 884 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 7,405 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. For those who need parking, there is a attached garage. The garage is 240 sqft. There is one available parking space. 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 frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as good. The exterior walls of the home are made of wood siding. As for heating, the home is utilizing a forced air unit. 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, 860 Novelly Drive was last sold in Aug 19, 2021 for $390,000. According to our calculations, that's $346.98 per sqft. Prior to that sales transaction, the property was sold for $280,000 in Apr 22, 2019. Current property owners are expected to pay $710 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 860 Novelly Drive was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $51,104. To break that down further, the land itself was valued at $37,485. While improvements to the property were assessed at a total of $13,619. 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. 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!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

Vinyl Siding
Wood Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Frame
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,124
  • Gross Building Area: 1,164
  • 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: CLEARVIEW HEIGHTS
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CLEARVIEW HEIGHTS LOT 6 BLOCK F

Ownership

  • Current Owner : REED CADENCE S
  • Previous Owner : ATANASIU ELENA
  • Owner Before Previous Owner: HASKELL NETTIE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 001300

Zoning

  • Zoning: SF8

Geography

  • Assessors Map Reference: 006-07
  • Parcel: 006-074-19
  • Block: F
  • Lot: 6
  • Meridian: SEC 10 TWN 19N RNG 19E
  • Municipality: CITY OF RENO
  • Latitude: 39.5327
  • Longitude: -119.833

    Address

  • Full Address: 860 Novelly Dr
  • Address - House Number: 860
  • Address - Street Name: Novelly
  • Address - Suffix Type: Dr
  • State: NV
  • City Name: Reno
  • Carrier Code: C047
  • 4-Digit Zip Code: 3505
  • Zip Code: 89503

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $710
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 1000

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 404,836
  • High Value: 471,463
  • Low Value: 338,208

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $257,000
  • First Open Lien Mortgage Lender: SUMMIT FUNDING INC
  • First Open Lien Mortgage Recording Date: Oct 25, 2021
  • First Open Lien Mortgage Loan Amount: $170,000
  • 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: Nov 01, 2051
  • Second Open Lien Mortgage Lender: UNITED FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Nov 09, 2022
  • Second Open Lien Mortgage Loan Amount: $87,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $87,945
  • Market Land Value: $60,700
  • Market Improvement Value: $27,245

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $51,104
  • Assessed Land Value: $37,485
  • Assessed Improvements Value: $13,619

    Sales

  • Current Sale Contract Date: Aug 19, 2021
  • Current Sale Recording Date: Oct 25, 2021
  • Current Sale Transaction ID: 11869244075
  • Current Sale Price: $390,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 5241135
  • Previous Sale Recording Date: Apr 25, 2019
  • Previous Sale Contract Date: Apr 22, 2019
  • Previous Sale Amount: $280,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT FUNDING INC
  • First Mortgage Transaction Date: Oct 25, 2021
  • First Mortgage Loan Amount: $170,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: STATE OF NEVEDA DEPARTMENT OF
  • Previous Mortgage Transaction Date: Apr 25, 2019
  • Previous Mortgage Loan Amount: $9,622
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)

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Frequently Asked Questions

What neighborhood is 860 Novelly Drive located in?
The 860 Novelly Drive is a house located in the neighborhood of Cleaview Heights in Cleaview Heights, Reno.
What is the average sales price for listings in 860 Novelly Drive?
The average sales price for units in 860 Novelly Drive is $0 currently.

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