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Single Family ResidenceResidential
$414,020$350 / 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 94How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $119,000 on Oct 22, 2004

480 COLBY LN

RENO, NV 89506
3
Beds
2
Baths
1,184 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.
0.16 ac
Lot SizeThe size of the land the home sits on, from county records.
1984
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$414K
$389K low$439K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$119,000 · Oct 22, 2004

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,376 (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.$63,523 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$32,970
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$30,553
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$63,136
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$112,372

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.0.16
ConstructionThe main material the home's frame and walls are built from.Frame (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 With Air Conditioning
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
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.Shed · 320 ft²Porch · 436 ft²

Transaction History(10)

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
Alice L. Smith Elementary SchoolC
Elementary · Grades KG–5 · 1.0 mi
H
North Valleys High SchoolD
High · Grades 9–12 · 1.3 mi
M
William O'Brien Middle SchoolD+
Middle · Grades 6–8 · 3.0 mi

District: Washoe County School District

Neighborhood · ZIP 89506These 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.72
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.95
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.297

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.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.15%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.10%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.6%
PopulationHow many people live in this area.46,491
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.471 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$79,082
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$100,657
Average tempThe average temperature here across a full year.48°F
Annual precipHow much rain and melted snow falls here in a typical year.15 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.79%

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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

480 Colby Ln 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 83% of homes in Washoe County
  • Costs more per square foot than 86% of homes in Reno 89506
  • Smaller than 83% of homes in Washoe County
  • Older than 73% of homes in Reno 89506

What homes are worth in Reno 89506

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

This home
$242K$694K

This home is worth more than 30% of homes in Reno 89506.

How it measures up in Reno 89506

The dot is this home. The mark in the middle is the typical home in Reno 89506.

Estimated value$414,020
CheaperTypical $459,216Pricier

Pricier than 30% of homes nearby

Price per ft²$350
CheaperTypical $290Pricier

Pricier than 86% of homes nearby

Living area1,184 ft²
SmallerTypical 1,554 ft²Bigger

Bigger than 21% of homes nearby

Lot size0.16 ac
SmallerTypical 0.17 acBigger

Bigger than 47% of homes nearby

Year built1984
OlderTypical 2001Newer

Newer than 27% of homes nearby

How 480 Colby Ln ranks against every home in each area.
MeasureThis homeReno 89506Washoe County
Estimated valuepricier than$414,02030% of homes17% of homes
Price per ft²pricier than$35086% of homes58% of homes
Living areabigger than1,184 ft²21% of homes17% of homes
Lot sizebigger than0.16 ac47% of homes45% of homes
Year builtnewer than198427% of homes36% of homes

About 480 Colby Ln

How much is 480 Colby Ln, Reno, NV worth?

The TopHap Estimate for 480 Colby Ln, Reno, NV is $414,020 as of Aug 30, 2026. The likely range is $388,541 to $439,499. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 480 Colby Ln, Reno, NV last sell?

480 Colby Ln, Reno, NV last sold on Oct 22, 2004 for $119,000, according to the county's recorded deed. TopHap holds 3 recorded sales for this parcel.

How big is 480 Colby Ln, Reno, NV?

480 Colby Ln, Reno, NV has 3 bedrooms, 2 bathrooms, 1,184 square feet of living space and a 0.16-acre lot.

When was 480 Colby Ln, Reno, NV built?

480 Colby Ln, Reno, NV was built in 1984, making it 42 years old. The building has 1 story.

What schools serve 480 Colby Ln, Reno, NV?

480 Colby Ln, Reno, NV is assigned to Alice L. Smith Elementary School (elementary), rated C; North Valleys High School (high), rated D; William O'Brien Middle School (middle), rated D+. All sit in Washoe County School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 480 Colby Ln, Reno, NV compare to other homes in Reno 89506?

Among the 15,346 homes in Reno 89506, it is worth more than 30% of them ($414,020 against a typical $459,216), its price per square foot is higher than 86% of them ($350 against a typical $290), it is bigger than 21% of them (1,184 ft² against a typical 1,554 ft²), its lot is bigger than 47% of them (0.16 ac against a typical 0.17 ac) and it is newer than 27% of them (1984 against a typical 2001). Measured against all of Washoe County, it is worth more than 17% 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 480 Colby Ln, Reno, NV?

The 2025 property tax bill for 480 Colby Ln, Reno, NV was $1,376. The county assessed it at $63,523.

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