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Single Family ResidenceResidential
$405,000$456 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 84How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jun 23, 2026
Last sold for $125,000 on May 25, 2000

1055 NOVELLY DR

RENO, NV 89503
2
Beds
1
Baths
888 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.23 ac
Lot SizeThe size of the land the home sits on, from county records.
1947
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$405K
$340K low$470K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$125,000 · May 25, 2000
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$132,850
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$106,280
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.67%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$166,000
FIRST NATIONAL BANK NEVADA · recorded Oct 26, 2004
2nd MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$106,150
NEW PENN FINANCIAL LLC

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$748 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$53,598 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$39,795
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$13,803
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$51,100
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$153,136

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyWashoe
Lot (acres)The size of the land the home sits on, from county records.0.23
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Forced Air
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Porch · 88 ft²

Transaction History(6)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Elmcrest Elementary SchoolC-
Elementary · Grades KG–5 · 0.4 mi
M
Archie Clayton Middle SchoolC+
Middle · Grades 6–8 · 0.7 mi
H
Reno High SchoolA-
High · Grades 9–12 · 1.1 mi

District: Washoe County School District

Neighborhood · ZIP 89503These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.116
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.87
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.292

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.92%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.21%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.18%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.8%
PopulationHow many people live in this area.28,352
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,321 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$64,567
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$87,710
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.10 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.79%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Absentee owner
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

1055 Novelly Dr measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 87% of homes in Old Northwest
  • Costs more per square foot than 95% of homes in Old Northwest
  • Smaller than 97% of homes in Old Northwest
  • Has a bigger lot than 92% of homes in Old Northwest
  • Among the oldest homes in Old Northwest

What homes are worth in Reno 89503

Each bar is how many homes fall in that price range. The marker is this home.

This home
$188K$759K

This home is worth more than 23% of homes in Reno 89503.

How it measures up in Reno 89503

The dot is this home. The mark in the middle is the typical home in Reno 89503.

Estimated value$405,000
CheaperTypical $488,993Pricier

Pricier than 23% of homes nearby

Price per ft²$456
CheaperTypical $336Pricier

Pricier than 92% of homes nearby

Living area888 ft²
SmallerTypical 1,359 ft²Bigger

Bigger than 9% of homes nearby

Lot size0.23 ac
SmallerTypical 0.15 acBigger

Bigger than 91% of homes nearby

Year built1947
OlderTypical 1972Newer

Newer than 9% of homes nearby

How 1055 Novelly Dr ranks against every home in each area.
MeasureThis homeOld NorthwestReno 89503Washoe County
Estimated valuepricier than$405,00013% of homes23% of homes15% of homes
Price per ft²pricier than$45695% of homes92% of homes86% of homes
Living areabigger than888 ft²3% of homes9% of homes6% of homes
Lot sizebigger than0.23 ac92% of homes91% of homes65% of homes
Year builtnewer than1947almost no homes9% of homes3% of homes

About 1055 Novelly Dr

How much is 1055 Novelly Dr, Reno, NV worth?

The TopHap Estimate for 1055 Novelly Dr, Reno, NV is $405,000 as of Jun 23, 2026. The likely range is $340,200 to $469,800. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1055 Novelly Dr, Reno, NV last sell?

1055 Novelly Dr, Reno, NV last sold on May 25, 2000 for $125,000, according to the county's recorded deed. TopHap holds 3 recorded sales for this parcel.

How big is 1055 Novelly Dr, Reno, NV?

1055 Novelly Dr, Reno, NV has 2 bedrooms, 1 bathrooms, 888 square feet of living space and a 0.23-acre lot.

When was 1055 Novelly Dr, Reno, NV built?

1055 Novelly Dr, Reno, NV was built in 1947, making it 79 years old. The building has 1 story.

What schools serve 1055 Novelly Dr, Reno, NV?

1055 Novelly Dr, Reno, NV is assigned to Elmcrest Elementary School (elementary), rated C-; Archie Clayton Middle School (middle), rated C+; Reno High School (high), rated A-. All sit in Washoe County School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1055 Novelly Dr, Reno, NV compare to other homes in Reno 89503?

Among the 8,876 homes in Reno 89503, it is worth more than 23% of them ($405,000 against a typical $488,993), its price per square foot is higher than 92% of them ($456 against a typical $336), it is bigger than 9% of them (888 ft² against a typical 1,359 ft²), its lot is bigger than 91% of them (0.23 ac against a typical 0.15 ac) and it is newer than 9% of them (1947 against a typical 1972). Measured against all of Washoe County, it is worth more than 15% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1055 Novelly Dr, Reno, NV?

The 2025 property tax bill for 1055 Novelly Dr, Reno, NV was $748. The county assessed it at $53,598.

Closest homes

More homes in Reno 89503

Assigned schools

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