3 months on rocket

524 Island Ave, Reno, NV, 89501

$528,500

Home List Price

$6,276*

Closing Credit

2 Bedrooms
2 Full Baths
1,414 SqFt
$374/SqFt
Condo

Location

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524 Island Ave, Reno$528,500

Buyer Closing Credits

$6,276*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
ParkingUnder, Designated Parking
Garage1 space
Year Built1975
HeatingNatural Gas, Forced Air
CoolingEvaporative Cooling
FireplaceYes, One
ViewMountain(s), City, Park, River
MLS #240009514
Lot Size0.00 Acres
StatusActive
(ACTIVE)

About 524 Island Ave

Live amongst mature trees with a view, and the city just steps away! This spacious top-floor 2bd/2ba condo in the heart of Downtown Reno's Riverwalk area offers modern elegance and convenience. Enjoy all new appliances, new flooring throughout, an updated layout, fresh colors, and more. High ceilings and abundant natural light make the 1,414 sqft feel even more expansive. Open kitchen adjacent to the dining area flows into a great room, Covered balcony ideal for entertaining, and proactive HOA.

Property Details

Property Features

Property Information:

  • Year Built: 1975
  • Stories: 1
  • Living Area: 1,414 SqFt

Listing Office:

  • Office Name: Engel & Volkers Lake Tahoe
  • Office Phone: (775) 588-7710
  • Listing Agent: Jean Merkelbach

Interior Features

Interior Information:

  • Appliances: Washer, Dryer, Gas Range, Gas Oven, Refrigerator, Dishwasher, Disposal, Gas Cooktop, Oven
  • Flooring Type: Carpet, Ceramic Tile, Sheet Vinyl
  • Fireplace: Yes, One

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: Mountain(s), City, Park, River
  • Exterior: Porch/Covered

Parking Information:

  • Garage Space: 1 space
  • Parking: Under, Designated Parking

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.00 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Evaporative Cooling

Other

Directions Information:

  • Directions: Arlington

Price Information

Listing Price Info

Price Summary:

  • List Price: $528,500
  • Price Per SqFt: $374/SqFt

HOA Fees:

  • Amount: $467
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $1,258
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Reno, NV.

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Reno, NV

City

Med. Sold Price

$570.6K

Med. Price/SqFt

$323

Avg. Days On Market

78

# of Sold Homes

304

524 Island Ave vs Reno

118 DAYS ON ROCKET

+40 Days

$528,500

-$42.1K Less

$374/SqFt

+$51 More

KEY TAKEAWAY

This property is $42.1K less than the Median Sold Price and $51/SqFt more than other homes in Reno, NV.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #240009514

Listing Office:

  • Office Name: Engel & Volkers Lake Tahoe
  • Office Phone: (775) 588-7710
  • Listing Agent: Jean Merkelbach

IDX Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information is supplied by seller and other third parties and has not been verified.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 8:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 08, 2004Home Sold
$300,000
Jan 31, 2001Home Sold
$130,000
Jan 05, 1998Home Sold
$110,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,258$39,049
2019$1,184$38,379
2018$1,150$33,105
2017$1,117$33,436

History based on county public records data.

Payment Calculator

$3,172

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,651

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-557758
9
/10

  • Mount Rose Elementary School

  • 915 Lander St

  • 0.55 miles

  • Public District Grades KG-5

school-card-donut-557759
5
/10

  • Veterans Memorial STEM Academy

  • 1200 Locust St

  • 1.21 miles

  • Public District Grades KG-5

school-card-donut-557760
8
/10

  • Hunter Lake Elementary School

  • 909 Hunter Lake Dr

  • 1.24 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,326. Residents of Reno, NV typically earn between $35k-100k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 524 Island Ave

What is the listing price of this property?

The listing price of 524 Island Ave property is $528,500.

What type of property is this?

The property 524 Island Ave is a condo located in Reno, Nevada, 89501.

Is this property for sale now?

Active Listing: 524 Island Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,258 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 8, 2004 for $300,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 524 Island Ave has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 524 Island Ave is 1,414 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 524 Island Ave is 1975.

Rocket Homes›Nevada›Washoe County›Reno›89501›524 Island Ave

This home is located at 524 Island Ave in Reno, NV and zip code 89501 in the Newlands neighborhood. This 1,414 square foot home, which was built in 1975, sits on a 0.00 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 26, 2024 and is currently priced at $528,500.

In October 2024, from all listings sold in Reno, NV there were more than 51 sold above asking price, over 165 sold below and more than 88 were sold right at the asked price. The number of homes for sale in Reno, NV increased by 1.9% between September 2024 and October 2024. In October 2024, listings were on the market for 78 days. During the same period, the median list price in this real estate market was $570,655.

From Rocket Homes Real Estate and based on county public records data.

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