NEW permitted roof. Flex space for office, game room etc. and amazing valley/mountain views! New water heater. Storage shed stays, along with oven/range and washer and dryer. New electrical panel and water heater. Great starter home or investors dream! Total 1,548 square footage comprised of 1,107 square feet from the main house plus 441 square feet from converted garage, buyer to verify all information. Affordability meets convenience, 6 minutes to UNR. Very easy access to N.Virginia into downtown., Buyer and Buyer agent beware there may be listening devices on the property. ADT security system for home is leased.
Closed
$380,000
501 Lancaster Dr, Reno, NV 89506
3beds
1,548sqft
Single Family Residence
Built in 1965
7,840.8 Square Feet Lot
$413,200 Zestimate®
$245/sqft
$2,146 Estimated rent
Home value
$413,200
$388,000 - $438,000
$2,146/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 14, 2025 at 04:09am
Listed by:
Jena Lanini BS.146432 530-386-0241,
Coldwell Banker Select Mt Rose
Bought with:
Lewis Green, B.143419
Ink Realty
Source: NNRMLS,MLS#: 240000546
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Evaporative Cooling
Appliances
- Included: Dishwasher, Dryer, Electric Oven, Electric Range, Refrigerator, Washer
- Laundry: Laundry Area, Laundry Room, Shelves
Features
- In-Law Floorplan, Smart Thermostat
- Flooring: Carpet
- Windows: Blinds, Drapes, Single Pane Windows
- Has fireplace: Yes
- Fireplace features: Free Standing
Interior area
- Total structure area: 1,548
- Total interior livable area: 1,548 sqft
Property
Parking
- Parking features: None
Features
- Stories: 1
- Exterior features: None
- Fencing: Full
- Has view: Yes
- View description: Desert, Mountain(s), Valley
Lot
- Size: 7,840 sqft
- Features: Level, Open Lot, Sloped Down
Details
- Parcel number: 08234313
- Zoning: SF8
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Masonry Veneer
- Foundation: Crawl Space
- Roof: Composition,Pitched,Shingle
Condition
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available, Cellular Coverage
Community & neighborhood
Security
- Security features: Security System Leased, Smoke Detector(s)
Location
- Region: Reno
- Subdivision: Raleigh Heights 1
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 3/14/2024 | Sold | $380,000$245/sqft |
Source:  NNRMLS #240000546 Report a problem | ||
| 2/5/2024 | Pending sale | $380,000$245/sqft |
Source: NNRMLS #240000546 Report a problem | ||
| 2/2/2024 | Price change | $380,000-0.8%$245/sqft |
Source: NNRMLS #240000546 Report a problem | ||
| 1/18/2024 | Listed for sale | $383,000+3.5%$247/sqft |
Source: NNRMLS #240000546 Report a problem | ||
| 11/4/2023 | Listing removed | -- |
Source: NNRMLS #230008579 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $880 +8% | $50,236 +3.8% |
| 2024 | $815 +7.8% | $48,387 +1.8% |
| 2023 | $756 +2.9% | $47,523 +21.2% |
Find assessor info on the county website
Neighborhood: Raleigh Heights
Nearby schools
GreatSchools rating
- 4/10Alice L Smith Elementary SchoolGrades: PK-6Distance: 1.1 mi
- 3/10William O'brien Middle SchoolGrades: 6-8Distance: 3.1 mi
- 2/10North Valleys High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Smith, Alice
- Middle: OBrien
- High: North Valleys
Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$413,200