3 months on rocket

5882 Mormon Tea Way, Reno, NV, 89511

$480,000

0.87 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
ViewMountain(s)
MLS #240009468
Lot Size0.87 Acres
StatusActive
(ACTIVE)

About 5882 Mormon Tea Way

*** MOTIVATED SELLERS*** Rare opportunity for a very private Arrow Creek Lot. This parcel is surrounded by 40 acres of common area. Very Quiet and Serene location. Owner has plans for a 5800 + square foot home. Arrowcrrek is a secured gated community. The amenities include 3 pools, tennis, exercise area and walking trails.

Property Details

Property Features

Listing Office:

  • Office Name: New Dimensions, Inc.
  • Office Phone: (775) 322-1093
  • Listing Agent: Peter Bosco

Exterior Features

Exterior Information:

  • View: Mountain(s)
  • Exterior: None

Lot Features

Lot Information:

  • Lot Size: 0.87 Acres

Other

Directions Information:

  • Directions: Masters

Price Information

Listing Price Info

Price Summary:

  • List Price: $480,000

HOA Fees:

  • Amount: $276
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $1,027
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Med. Sold Price

$570.6K

Med. Price/SqFt

$323

Avg. Days On Market

78

# of Sold Homes

304

5882 Mormon Tea Way vs Reno

118 DAYS ON ROCKET

+40 Days

$480,000

-$90.6K Less

KEY TAKEAWAY

This property is $90.6K less than the Median Sold Price in Reno, NV.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #240009468

Listing Office:

  • Office Name: New Dimensions, Inc.
  • Office Phone: (775) 322-1093
  • Listing Agent: Peter Bosco

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: 11/21/2024, 9:20:54 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

Aug 16, 2021Home Sold
$380,000
Oct 24, 2005Home Sold
$351,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,027$54,321
2019$917$48,786
2018$876$46,941
2017$841$43,276

History based on county public records data.

Payment Calculator

$2,739

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,506

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-238809
8
/10
  • Ted Hunsburger Elementary School

  • 2505 Crossbow Ct

  • 2.17 miles

  • Public Magnet Grades KG-5

school-card-donut-238810
8
/10
  • Elizabeth Lenz Elementary School

  • 2500 Homeland Dr

  • 3.06 miles

  • Public District Grades KG-5

school-card-donut-238811
6
/10
  • Huffaker Elementary School

  • 980 Wheatland Rd

  • 3.43 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $127,667. The majority of Reno, NV residents have income between $100k-200k annually. The majority of families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5882 Mormon Tea Way

What is the listing price of this property?

The listing price of 5882 Mormon Tea Way property is $480,000.

What type of property is this?

The property 5882 Mormon Tea Way is land located in Reno, Nevada, 89511.

Is this property for sale now?

Active Listing: 5882 Mormon Tea Way 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 $1,027 (source: MLS/based on county public records data).

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

The last sale was on August 16, 2021 for $380,000. (source: MLS/tax record).

How much acreage is this property?

The property 5882 Mormon Tea Way is 0.87 acres.
Rocket Homes logo

Interested in 5882 Mormon Tea Way? Let's connect.

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.


Rocket HomesNevadaWashoe CountyReno895115882 Mormon Tea Way

This home is located at 5882 Mormon Tea Way in Reno, NV and zip code 89511. This home sits on a 0.87 acre lot. It has been listed on Rocket Homes since July 25, 2024 and is currently priced at $480,000.

In October 2024 more than 51 listings in Reno, NV were sold above the asking price. During the same period more than 88 listings were sold at asking price, while more than 165 were sold below. The number of homes for sale in Reno, NV increased by 1.9% between September 2024 and October 2024. 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.

More Resources