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954 East 7th Street

954 East 7th Street, Reno, NV 89512
Land in Washoe
Local assessors in Reno, NV have categorized 954 East 7th Street as a industrial type of property. The home was built in 2022 and is 2 years old. The property's lot size has been calculated to be 10,498 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 954 East 7th Street has a total of 4,988 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Moving onto specific details regarding the building. Our sources show that the building condition is poor. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - E. The building has a roof that is made of composition shingle. Lots of metal were used in the construction of the exterior walls of the home. Residents rely on a wall air conditioning unit for their cooling system. The home's a space/suspended heating system is the primary heating source. 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, 954 East 7th Street sold most recently in Jun 26, 2019 for a total of $140,000. If you work out the math, that's approximately a cost of $28.07 per sqft. Before that, the property was also sold for $150,000 in Sep 14, 2004. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $3,720 in taxes each year. The initial year of tax delinquency occurred in 2023. 954 East 7th Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $137,066. If we break it down further, the land itself was valued at $39,682. Improvements to the property, however, were assessed at a total of $97,384. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Poor
  • Building Quality: E
  • Construction Type: Frame
  • Exterior Walls Type: Metal
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,498
  • Total Building Area: 4,988
  • Gross Building Area: 4,988
  • Building Area: 4,988
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Wall air conditioning unit
  • Heating: Space/suspended
  • Heated Square Feet: 4,988
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Industrial
  • Subdivision: LEETE SYNDICATE ADDITION
  • Land Acres: 0.241
  • Standard Land Use Code: Industrial (general)
  • County Land Use Code: Personal property general
  • Legal Description 1: LEETE SYNDICATE ADD LOT 18, 19 & 20 BLK 10

Ownership

  • Current Owner : JJ7TH ST LLC
  • Previous Owner : FAULT LINE LLC
  • Owner Before Previous Owner: LAKE GROUP INVESTORS II LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washoe County School District
  • Census Tract: 001701

Zoning

  • Zoning: MU

Geography

  • Assessors Map Reference: 008-19
  • Parcel: 008-193-01
  • Block: 10
  • Lot: 18,19
  • Meridian: SEC 1 TWN 19N RNG 19E
  • Municipality: CITY OF RENO - REDEVELOPMENT A
  • Latitude: 39.5359
  • Longitude: -119.801

    Address

  • Full Address: 954 E 7th St
  • Address - House Number: 954
  • Street Direction: E
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: NV
  • City Name: Reno
  • Zip Code: 89512

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,720
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 1002

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $550,000
  • First Open Lien Mortgage Lender: FORSTER LIVING TRUST
  • First Open Lien Mortgage Recording Date: Apr 01, 2021
  • First Open Lien Mortgage Loan Amount: $550,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $90,000
  • Market Land Value: $90,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $137,066
  • Assessed Land Value: $39,682
  • Assessed Improvements Value: $97,384

    Sales

  • Current Sale Contract Date: Jun 26, 2019
  • Current Sale Recording Date: Jun 28, 2019
  • Current Sale Transaction ID: 11618507083
  • Current Sale Price: $140,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 4924945
  • Previous Sale Recording Date: Sep 21, 2004
  • Previous Sale Contract Date: Sep 14, 2004
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAULT LINE LLC
  • First Mortgage Transaction Date: Jun 28, 2019
  • First Mortgage Loan Amount: $90,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)

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Frequently Asked Questions

What neighborhood is 954 East 7th Street located in?
The 954 East 7th Street is a land located in the neighborhood of Washoe in Reno, Reno.
What is the average sales price for listings in 954 East 7th Street?
The average sales price for units in 954 East 7th Street is $0 currently.

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