$565,000 Active Under Contract
3285 Socrates Drive
Reno, NV 89512
STR Status Unknown
4 Beds
·
3.0 Baths
·
2,673 Sq Ft

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About This Property

Probate sale subject to court bidding and confirmation. City views!! 2 bedrooms. living room. kitchen, laundry/storage room and dining room upstairs at street level. Large deck Finished walkout basement with oversized bonus room with additional washer/dryer hook up. Private entry for 2 additional bedrooms and full bath Price reflects condition with lots of upside potential for this home. Popular neighborhood, corner lot with RV parking through gate.Great location close to UNR

Listed by Sue Bailey — Estate Realty

Listing Details

Status Active Under Contract
MLS # 260011928
Days on Market 27
Price/Sq Ft $211

Property History

Sep 16, 2026
Listed for sale
$565,000
Oct 01, 2026
Pending
$565,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,673
Lot Size 0.43 acres
Stories 2
Year Built 1994
Property Type Single Family Residence
Subdivision University Heights Phase 1
APN 003-442-01
Parking
Garage Spaces 3
Total Parking 5
Parking Features Attached, Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Corner Lot, Sloped Down
View City, Mountain(s)
Roof Composition
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $2,904
HOA Fee $330 / Annually
HOA / Community University Ridge
Schools
Elementary School Peavine
Middle School Clayton
High School McQueen
HOA & Community
Community Amenities None
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis
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Home Insurance Estimate

Standard homeowners policy for this home

$3,800 – $5,600/yr
about $392/mo
Est. Rebuild Cost (Coverage A)
$1,122,660

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$3,519 per month
Principal & interest
$2,857/mo
Property taxes
$242/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$28/mo
From MLS listing data.
Home insurance
$392/mo
Estimated ~$3,800–$5,600/yr — get a local broker quote for accuracy.
Down payment
20% ($113,000)
Home price
$565,000
Loan details
30-yr fixed, 6.5%
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