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Single Family ResidenceResidential
$399,783$338 / 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 $393,000 on Dec 30, 2021

550 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.
0.15 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

$400K
$377K low$422K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$393,000 · Dec 30, 2021
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.$26,433
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$21,146
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.93%
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.$373,350
ALL WESTERN MORTGAGE INC · recorded Dec 30, 2021

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,722 (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.$57,111 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$30,058
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$27,053
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$56,253
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$163,173

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.0.14
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
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.Porch · 188 ft²

Transaction History(2)

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 · 2.9 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%

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.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

550 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 85% of homes in Washoe County
  • Costs more per square foot than 78% of homes in Reno 89506
  • Smaller than 82% of homes in Washoe County
  • Has a smaller lot than 65% of homes in Washoe County
  • Older than 72% 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
$244K$711K

This home is worth more than 22% 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$399,783
CheaperTypical $463,337Pricier

Pricier than 22% of homes nearby

Price per ft²$338
CheaperTypical $293Pricier

Pricier than 78% of homes nearby

Living area1,184 ft²
SmallerTypical 1,557 ft²Bigger

Bigger than 21% of homes nearby

Lot size0.15 ac
SmallerTypical 0.17 acBigger

Bigger than 37% of homes nearby

Year built1984
OlderTypical 2001Newer

Newer than 28% of homes nearby

How 550 Colby Ln ranks against every home in each area.
MeasureThis homeReno 89506Washoe County
Estimated valuepricier than$399,78322% of homes15% of homes
Price per ft²pricier than$33878% of homes51% of homes
Living areabigger than1,184 ft²21% of homes18% of homes
Lot sizebigger than0.15 ac37% of homes35% of homes
Year builtnewer than198428% of homes37% of homes

About 550 Colby Ln

How much is 550 Colby Ln, Reno, NV worth?

The TopHap Estimate for 550 Colby Ln, Reno, NV is $399,783 as of Jul 14, 2026. The likely range is $377,322 to $422,244. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 550 Colby Ln, Reno, NV last sell?

550 Colby Ln, Reno, NV last sold on Dec 30, 2021 for $393,000, according to the county's recorded deed.

How big is 550 Colby Ln, Reno, NV?

550 Colby Ln, Reno, NV has 3 bedrooms, 2 bathrooms, 1,184 square feet of living space and a 0.14-acre lot.

When was 550 Colby Ln, Reno, NV built?

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

What schools serve 550 Colby Ln, Reno, NV?

550 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 550 Colby Ln, Reno, NV compare to other homes in Reno 89506?

Among the 15,347 homes in Reno 89506, it is worth more than 22% of them ($399,783 against a typical $463,337), its price per square foot is higher than 78% of them ($338 against a typical $293), it is bigger than 21% of them (1,184 ft² against a typical 1,557 ft²), its lot is bigger than 37% of them (0.15 ac against a typical 0.17 ac) and it is newer than 28% of them (1984 against a typical 2001). 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 550 Colby Ln, Reno, NV?

The 2025 property tax bill for 550 Colby Ln, Reno, NV was $1,722. The county assessed it at $57,111.

Closest homes

More homes in Reno 89506

Assigned schools

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