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5501 E Rainbow Ridge Ct, Reno, NV, 89523

$625,000

Home List Price

$7,422*

Closing Credit

4 Bedrooms
3 Full Baths
2,272 SqFt
$275/SqFt
House

Location

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5501 E Rainbow Ridge Ct, Reno$625,000

Buyer Closing Credits

$7,422*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached
Attached Garage2 spaces
Year Built1988
HeatingNatural Gas
CoolingEvaporative Cooling
FireplaceFireplace-Woodburning
ViewMountain(s)
MLS #240012341
Lot Size0.80 Acres
StatusActive
(ACTIVE)

About 5501 E Rainbow Ridge Ct

Blank slate to make your own! Large lot with mature sequoia trees. Home was being prepped for a remodel and just needing things completed. RV parking on side yard, 2 car garage plus half that was used as a workshop, currently has doors on it. New roof completed a year ago as well as tankless water heater installed.

Property Details

Property Features

Property Information:

  • Year Built: 1988
  • Stories: 2
  • Living Area: 2,272 SqFt

Listing Office:

  • Office Name: Fathom Realty
  • Office Phone: (775) 241-8667
  • Listing Agent: Desiree Holland

Interior Features

Interior Information:

  • Appliances: Washer, Dryer, Gas Range, Gas Oven
  • Flooring Type: None or Unfinished
  • Interior: Security System
  • Fireplace: Fireplace-Woodburning

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Mountain(s)
  • Exterior: Patio

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached

Lot Features

Lot Information:

  • Lot: Cul-De-Sac, Sprinklers
  • Lot Size: 0.80 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Evaporative Cooling

Other

Directions Information:

  • Directions: Mae Anne Ave/ Rainbow Ridge DR.

Price Information

Listing Price Info

Price Summary:

  • List Price: $625,000
  • Price Per SqFt: $275/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $2,637
  • 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

5501 E Rainbow Ridge Ct vs Reno

53 DAYS ON ROCKET

-25 Days

$625,000

+$54.3K More

$275/SqFt

-$48 Less

KEY TAKEAWAY

This property is $54.3K more than the Median Sold Price and $48/SqFt less than other homes in Reno, NV.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #240012341

Listing Office:

  • Office Name: Fathom Realty
  • Office Phone: (775) 241-8667
  • Listing Agent: Desiree Holland

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: 11/18/2024, 6:20:53 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

Jul 31, 1992Home Sold
$176,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,637$76,275
2019$2,451$72,030
2018$2,347$64,934
2017$2,291$63,379

History based on county public records data.

Payment Calculator

$3,187

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,940

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-696466
5
/10

  • Sarah Winnemucca Elementary School

  • 1349 Backer Way

  • 0.72 miles

  • Public District Grades KG-5

school-card-donut-696467
5
/10

  • Grace Warner Elementary School

  • 3075 Heights Dr

  • 1.05 miles

  • Public District Grades KG-5

school-card-donut-696468
7
/10

  • George Westergard Elementary School

  • 1785 Ambassador Dr

  • 1.07 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 $59,677. The most common annual income of people living in Reno, NV is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5501 E Rainbow Ridge Ct

What is the listing price of this property?

The listing price of 5501 E Rainbow Ridge Ct property is $625,000.

What type of property is this?

The property 5501 E Rainbow Ridge Ct is a house located in Reno, Nevada, 89523.

Is this property for sale now?

Active Listing: 5501 E Rainbow Ridge Ct 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 $2,637 (source: MLS/based on county public records data).

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

The last sale was on July 31, 1992 for $176,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5501 E Rainbow Ridge Ct has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 5501 E Rainbow Ridge Ct is 2,272 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5501 E Rainbow Ridge Ct is 1988.

Rocket Homes›Nevada›Washoe County›Reno›89523›5501 E Rainbow Ridge Ct

This home is located at 5501 E Rainbow Ridge Ct in Reno, NV and zip code 89523 in the McQueen neighborhood. This 2,272 square foot home, which was built in 1988, sits on a 0.80 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $625,000.

Over 51 listings were sold over their listed price in October 2024 in Reno, NV. In the same period over 165 listings were sold below the listed price and 88 listings were sold for the listed price. Between September 2024 and October 2024, Reno, NV real estate market has seen increase in the number of listings by 1.9%. In October 2024 median list price was $570,655 and the average listing age was 78 days.

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

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