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CondominiumResidential
$458,331$273 / 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 Jul 14, 2026
Last sold for $150,000 on Jan 22, 2002

502 ISLAND AVE

RENO, NV 89501
2
Beds
2
Baths
1,678 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.
44 ft²
Lot SizeThe size of the land the home sits on, from county records.
1975
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$458K
$433K low$484K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$150,000 · Jan 22, 2002
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.$423,331
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$338,665
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.8%
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.$35,000
NOVA FINANCIAL & INVESTMENT CO · recorded Jan 22, 2002

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,695 (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.$54,157 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$27,720
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$26,437
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$56,069
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$154,733

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.111 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.1 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
CountyWashoe
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.Concrete
HeatingThe type of heating system in the home.Forced Air
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Basement
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 · 220 ft²

Transaction History(3)

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.

H
Reno High SchoolA-
High · Grades 9–12 · 0.6 mi
E
Jessie Beck Elementary SchoolA
Elementary · Grades KG–5 · 1.3 mi
M
Darrell C. Swope Middle SchoolB
Middle · Grades 6–8 · 1.8 mi

District: Washoe County School District

Neighborhood · ZIP 89501These 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.178
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.90
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.287

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.83%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.22%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.22%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.5%
PopulationHow many people live in this area.5,057
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.7,735 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$49,104
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$65,364
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.9 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.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.Yes

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

502 Island Ave 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 98% of homes in Newlands
  • Costs less per square foot than 98% of homes in Newlands
  • Bigger than 86% of homes in Reno 89501
  • Among the smallest lots in Reno 89501
  • Newer than 94% of homes in Newlands

What homes are worth in Reno 89501

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

This home
$191K$1.5M

This home is worth more than 65% of homes in Reno 89501.

How it measures up in Reno 89501

The dot is this home. The mark in the middle is the typical home in Reno 89501.

Estimated value$458,331
CheaperTypical $371,461Pricier

Pricier than 65% of homes nearby

Price per ft²$273
CheaperTypical $377Pricier

Pricier than 5% of homes nearby

Living area1,678 ft²
SmallerTypical 974 ft²Bigger

Bigger than 86% of homes nearby

Lot size44 ft²
SmallerTypical 958 ft²Bigger

Smaller than almost all homes nearby

Year built1975
OlderTypical 1978Newer

Newer than 42% of homes nearby

How 502 Island Ave ranks against every home in each area.
MeasureThis homeNewlandsReno 89501Washoe County
Estimated valuepricier than$458,3312% of homes65% of homes26% of homes
Price per ft²pricier than$2732% of homes5% of homes17% of homes
Living areabigger than1,678 ft²59% of homes86% of homes46% of homes
Lot sizebigger than44 ft²3% of homesalmost no homes7% of homes
Year builtnewer than197594% of homes42% of homes22% of homes

About 502 Island Ave

How much is 502 Island Ave, Reno, NV worth?

The TopHap Estimate for 502 Island Ave, Reno, NV is $458,331 as of Jul 14, 2026. The likely range is $432,871 to $483,791. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 502 Island Ave, Reno, NV last sell?

502 Island Ave, Reno, NV last sold on Jan 22, 2002 for $150,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 502 Island Ave, Reno, NV?

502 Island Ave, Reno, NV has 2 bedrooms, 2 bathrooms and 1,678 square feet of living space.

When was 502 Island Ave, Reno, NV built?

502 Island Ave, Reno, NV was built in 1975, making it 51 years old. The building has 1 story.

What schools serve 502 Island Ave, Reno, NV?

502 Island Ave, Reno, NV is assigned to Reno High School (high), rated A-; Jessie Beck Elementary School (elementary), rated A; Darrell C. Swope Middle School (middle), rated B. All sit in Washoe County School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 502 Island Ave, Reno, NV compare to other homes in Reno 89501?

Among the 993 homes in Reno 89501, it is worth more than 65% of them ($458,331 against a typical $371,461), its price per square foot is higher than 5% of them ($273 against a typical $377), it is bigger than 86% of them (1,678 ft² against a typical 974 ft²), its lot is bigger than almost none of them (44 ft² against a typical 958 ft²) and it is newer than 42% of them (1975 against a typical 1978). Measured against all of Washoe County, it is worth more than 26% 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 502 Island Ave, Reno, NV?

The 2025 property tax bill for 502 Island Ave, Reno, NV was $1,695. The county assessed it at $54,157.

Closest homes

More homes in Reno 89501

Assigned schools

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