$249,153 EMV

2 Beds   2 Baths   1,128 Sq. Ft.   Condo
Get the Preforeclosure Address

Lear Blvd
Reno, NV 89506

Overview

This Condo Preforeclosure is located at Lear Blvd, Reno, NV 89506. It has 2 Beds 2 Baths , 1,128 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $249,153.
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Status: Active
Listing ID: 63770175
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Learn about Lear Blvd in Reno, NV

This condo property is available as a preforeclosure at Lear Blvd. This property features 2 bedrooms and 2 bathrooms, perfect for investment and/or your personal residence. With 1,128 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Reno, specifically for Lear Blvd and comparable listings. Based on this expert analysis, the estimated market value is $249,153. If purchased for rental purposes, the monthly rental rate could range between $950 and $1,291, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Lear Blvd are updated daily along with others in Reno, Nevada, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Lear Blvd below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Buy this home for as little as

Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

Foreclosure Timeline

Lear Blvd in Reno Nevada Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Lear Blvd
View Preforeclosure Status
06/27/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

What is the city of Reno, NV like?

Reno, known as 'The Biggest Little City in the World', is a vibrant city located in western Nevada. It boasts a rich blend of urban and outdoor lifestyles, making it an ideal location for those seeking both excitement and tranquility. With its proximity to the Sierra Nevada mountains, residents enjoy various outdoor activities throughout the year, including skiing, hiking, and mountain biking.

The city is home to a diverse array of amenities, including shopping centers, restaurants, and entertainment options. The downtown area features a plethora of casinos and cultural institutions, while the surrounding region offers breathtaking views and numerous parks. Local events such as the Reno Rodeo and Hot August Nights showcase the community spirit and lively culture of this area.

Families will appreciate the strong educational infrastructure, which includes well-rated public schools and several colleges, such as the University of Nevada, Reno. With a growing economy supported by tourism, technology, and healthcare industries, Reno presents a range of opportunities for job seekers.

Nearby Schools

There are 5 schools in the area. Nearby schools include Reno High School and Wooster High School.

Reno High School
Wooster High School
Elko Elementary School
Traner Middle School
McQueen High School

Nearby Attractions

There are plenty of activities near this property like Reno-Tahoe International Airport, Reno City Hall, and more.

Reno-Tahoe International Airport
Reno City Hall
University of Nevada, Reno
Reno Sparks Convention Center

What kind of public transportation is there?


Public transportation options include: RTC Public Transit offers bus services throughout the city, Paratransit services available for individuals with disabilities. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Idlewild Park, Virginia Lake Park and more.

Idlewild Park
Virginia Lake Park
Rancho San Rafael Park
Morris Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

Sparks Cable
AT&T
Xfinity
Rental Chart
View Rental and Market Value
for Lear Blvd in Reno Nevada
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Property Information

Public Records

Community & Neighborhood

This property in Reno, NV is located in the Eldorado Villas Subdivision.


Preforeclosure

The property located at Lear Blvd in Reno, NV is listed as a Preforeclosure

This listing located at Lear Blvd in Reno, NV could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Reno, Nevada is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Reno, NV, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Reno, Nevada doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

This is an important legal concept to understand before moving forward

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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AVM Analysis

Loan Information

Legal Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for Lear Blvd located in Reno, NV is $1,121/month. Comparable homes around Lear Blvd that are rentals have monthly ranges starting as low as $950 per month and as high as $1,291 per month. An owner looking to use this property as an investment could bring a return in the area of $950 - $1,291 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
06/27/25   Preforeclosure Guild Mortgage Company LLC

Similar Homes Nearby Reno, NV


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Lear Blvd
Reno, NV 89506

2 Beds   2 Baths   1,128 sq. ft.   Condo

$249,153 EMV

Status: Active Listing ID: 63770175

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Lear-Blvd-Reno-NV-89506/63770175_lid

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