1618 Locust Street

Sold 2/19/14

Last Sold Price

$360,000

8 beds1 bath4,224 sqft$85/sqft

1618 Locust St, Reno, NV 89502

Description

Central Reno 8 Unit Apartment Building total-ing 4,224 SF located on a 14,854 SF Parcel. 8.408% Actual CAP Rate and $35,733.50 NOI based on last 10 months of income & expenses. Located north of Plumb Lane and proximate to South Virginia and S. Wells Avenue.Central Reno 8 Unit Apartment Building total-ing 4,224 SF located on a 14,854 SF Parcel. 8.408% Actual CAP Rate and $35,733.50 NOI based on last 10 months of income & expenses. Located north of Plumb Lane and proximate to South Virginia and S. Wells Avenue.

LISTING CLOSED: 02/18/2014 04:00 PM

Listed by Ken Stark • Stark Realty

Property Details for 1618 Locust Street

Status

Sold

MLS #

130003092

Days on Compass

331

Taxes

$2,046 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi-Family / Apartment Building (up to 8 Units)

Year Built

1958

Lot Size

0.34 AC / 14,810 SF

County

Washoe County

Zoning Actual

MF30

Total Parking Capacity

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Location

Listing Courtesy of Stark Realty, Ken Stark, License #6588

Sold By Stark Realty, Ken Stark, License #6588

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Building Information for 1618 Locust Street

Stories2Residences-Year Built1958Building Size-Lot Size0.34 AC / 14,810 SF

Payment Calculator

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$2,000 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,830

Property Taxes

$171

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 1618 Locust Street

Summary

Location and General Information

Area: Reno-Downtown Core
Zip: 89502

Geo Latitude: 39.50908228755
Geo Longitude: -119.800471365452
Geo Quality: 0.95
Geo Zoom Level: 14.0
Geo Address Line: 1618 Locust St
Geo Primary City: Reno
Geo Secondary City: Washoe Co.
Geo Subdivision: NV
Geo Postal Code: 89502
Geo Match Code: 0
Geo Matched Method: 0
Address: 1618 Locust Street
County: Washoe
Xstreet/Directions: Grand Canyon Blvd.
Source of Zoning: Assessor

Taxes and HOA Information

CC/R Restrictions: Yes
Sliding Scale: No

Taxes $: $2,046.00

Parking

Parking Capacity per Unit: 1
Parking Types: Common

Property

Lot Information

Class: Multi-Family
Type: Multi-Family

Source of SqFt: Assessor
Year Built: 1958.0
Acreage: 0.34
Type of Property: Apartment Building (up to 8 Units)
Parcel #: 01341401
Complex Name: Locust Street Apartments
Gross Square Footage: 4224.0

Property and Assessments

Documents On File: None
ADA Compliant: No

APOD Available: Yes
Tax Database ID: 5
Tax Property ID: 01341401
Construction: Masonry
Assessment $: $.00
HUD: No
Associated Document Count: 0

Utilities

Individually Metered: Yes

Interior and Exterior Features

Interior Features

Heating/Cooling: Wall Heater
Water Heater: Electric, Natural Gas

Windows: Combo/Varies
Facility Features: Separate Meters-Electric
Common Features: None
Unit Features: None
Appliances: Varies Per Unit
Laundry: None
Flooring: Wood
Green Features: None

Exterior Features

Foundation: Concrete Slab
Exterior: Masonry Veneer

Roof: Composition/Shingle, Pitched
Utilities: Electricity, Natural Gas
Landscaped: Yes-Full
Sprinklers: None
Fenced: None

Room

Studio - # Baths: 0
1 Bedroom - # Baths: 0

1 Bedroom - # Units: 8
1 Bedroom - SqFt/Unit: 0
1 Bedroom - Avg Rent/Unit: 0
2 Bedroom - # Baths: 1
2 Bedroom - # Units: 0
2 Bedroom - SqFt/Unit: 0
2 Bedroom - Avg Rent/Unit: 475
3 Bedroom - # Baths: 0
3 Bedroom - # Units: 0
3 Bedroom - SqFt/Unit: 0
3 Bedroom - Avg Rent/Unit: 0
4+ Bedroom - # Baths: 0
4+ Bedroom - # Units: 0
4+ Bedroom - SqFt/Unit: 0
4+Bedroom - Avg Rent/Unit: 0
Manager Unit - # Bedrooms: 0
Manager Unit - # Baths: 0
Manager Unit - SqFt: 0
Studio - # Units: 0
Studio - SqFt/Unit: 0

Multi Family

Multi-Family Information

Studio - Average/Unit: 0
# Buildings: 1

# Units: 8
Stories: 2 Story

Income & Expenses

Income Info w/h: No
Annual Debt Service: $.00

Annual Expenses: $7,466.50
Annual Income & Expenses: Actual
Gross Scheduled Income: $43,200.00
Net Operating Income: $35,733.50

Agent

Showing and Remarks

Days to Contract: 301
Showing Instructions: Call Listing Agent

Sale and Listing

Sale/Rent: For Sale
DOM: 331

DOMLS: 331
Cumulative DOM: 331
Cumulative DOMLS: 331
Possession: COE
Sale/Lease: For Sale
Contact Name: Brad Elgin
Contact Phone: 775-825-4400

Rental

Rent Information

Annual Vacancy: $7.50
Current Lease: Leases

Property History for 1618 Locust Street

Date	Event & Source	Price	Appreciation
Feb 18, 2014	Sold NNRMLS #130003092	$360,000	—
Feb 13, 2014	Sold (Public Record) Public Record #410135762	$349,500	+19.8% / yr
Jan 19, 2014	Pending NNRMLS #130003092		—
Mar 24, 2013	Listed (Active) NNRMLS #130003092	$425,000	—
Jan 24, 2012	Sold (Public Record) Public Record #323184907	$241,000	-13.2% / yr
Jun 16, 2005	Sold (Public Record) Public Record #161824632	$613,000	+147.5% / yr
Jun 3, 2004	Sold (Public Record) Public Record #136090086	$240,000	-15.1% / yr
May 3, 2002	Sold (Public Record) Public Record #92948582	$338,000	—
Apr 5, 2002	Sold NNRMLS #201717	$338,000	—
Feb 28, 2002	Listed (Active) NNRMLS #201717	$338,000	—

Date	Event & Source	Price
02/18/2014	Sold NNRMLS #130003092	$360,000
02/13/2014	Sold (Public Record) Public Record #410135762	$349,500 +19.8% / yr
01/19/2014	Pending NNRMLS #130003092	—
03/24/2013	Listed (Active) NNRMLS #130003092	$425,000
01/24/2012	Sold (Public Record) Public Record #323184907	$241,000 -13.2% / yr
06/16/2005	Sold (Public Record) Public Record #161824632	$613,000 +147.5% / yr
06/03/2004	Sold (Public Record) Public Record #136090086	$240,000 -15.1% / yr
05/03/2002	Sold (Public Record) Public Record #92948582	$338,000
04/05/2002	Sold NNRMLS #201717	$338,000
02/28/2002	Listed (Active) NNRMLS #201717	$338,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1618 Locust Street

Taxable ValueLand$88,550Additions$44,651Total$133,201

Tax Record2025$2,651 ($221 / month)

Home Facts

Baths8Total Finished SqFt4,224 SqFtAbove Grade Finished SqFt4,224 SqFtStories2Lot Size14,854 SqFtStyleMulti-Family Dwelling (2-4)Year Built1958ZoningMF30CountyWASHOEAPN013-414-01

Schools near 1618 Locust Street

This home is within Washoe County School District.


Rating	School	Type	Grades	Distance
2/10	Veterans Memorial Elementary School	Public - Serves this home	K to 5	0.3 mi
4/10	E Otis Vaughn Middle School	Public - Serves this home	6 to 8	0.6 mi
4/10	Earl Wooster High School	Public - Serves this home	9 to 12	0.9 mi
2/10	Bailey Charter School	Charter - Choice school	K to 6	1.0 mi
8/10	Academy Of Career Education Charter School	Charter - Choice school	9 to 12	1.4 mi
NR	Washoe Innovations Academy	Public - Nearby school	PK to 12	1.7 mi
NR	Little Flower School	Private - Nearby school	K to 8	0.6 mi
NR	Our Lady Of The Snows School	Private - Nearby school	K to 8	0.9 mi
NR	Our Lady of the Snows Catholic School	Private - Nearby school	K to 8	0.9 mi


Rating	School	Distance
2/10	Veterans Memorial Elementary School PublicK to 5 Serves this home	0.3 mi
4/10	E Otis Vaughn Middle School Public6 to 8 Serves this home	0.6 mi
4/10	Earl Wooster High School Public9 to 12 Serves this home	0.9 mi
2/10	Bailey Charter School CharterK to 6 Choice school	1.0 mi
8/10	Academy Of Career Education Charter School Charter9 to 12 Choice school	1.4 mi
NR	Washoe Innovations Academy PublicPK to 12 Nearby school	1.7 mi
NR	Little Flower School PrivateK to 8 Nearby school	0.6 mi
NR	Our Lady Of The Snows School PrivateK to 8 Nearby school	0.9 mi
NR	Our Lady of the Snows Catholic School PrivateK to 8 Nearby school	0.9 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 1618 Locust Street, Reno, NV 89502	$360,000	8	1	4,224	14,810
1618-1632 Locust Street, Reno, NV 89502	$241,000	8	8	528	14,810
528 Grand Canyon Boulevard, Reno, NV 89502	–	–	2	1,224	9,235
520 Grand Canyon Boulevard, Reno, NV 89502	$165,000	2	1	713	3,049
1600 Locust Street, Reno, NV 89502	$240,000	2	1	799	4,356
1668 Locust Street, Unit 18, Reno, NV 89502	$1,800,000	16	8	6,790	13,939
1668 Locust Street, Reno, NV 89502	$1,800,000	–	8	6,790	13,896
530 Grand Canyon Boulevard, Reno, NV 89502	$1,025,000	–	8	6,272	9,235
1674 Locust Street, Reno, NV 89502	–	–	1	774	9,235
1601 Locust Street, Reno, NV 89502	$560,000	–	14	7,650	20,473
532 Grand Canyon Boulevard, Reno, NV 89502	–	–	2	1,329	9,235
1655 Locust Street, Reno, NV 89502	–	–	5	2,160	5,532
511 Colorado River Boulevard, Reno, NV 89502	$145,000	–	4	2,392	6,273
511 Colorado River Boulevard, Unit 511517, Reno, NV 89502	$145,000	4	16	2,392	6,098
1680 Locust Street, Reno, NV 89502	$309,000	1	1	532	2,178
1661 Locust Street, Reno, NV 89502	$62,500	–	3	1,800	11,195

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Listing Courtesy of Stark Realty, Ken Stark, License #6588

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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