1071 & 1073 Tyler Way Sparks, NV 89431
North Rock NeighborhoodEstimated Value: $464,127 - $602,000
4
Beds
2
Baths
1,728
Sq Ft
$300/Sq Ft
Est. Value
About This Home
As of March 2022Spacious duplex located in Sparks with one side recently updated in October 2021 including all new flooring and stainless steel appliances. This duplex has two large 864 sq ft units with 2 bed, 1 bath, backyard, garage and parking. Walking distance to the shops, restaurants, cafes and quick access to highways. The property is turn key As-Is and has the potential for some value add. Both units are rented. Estimated market rents for the duplex with garage is $3,450 per month. The pro-forma CAP rate is 5.65%., Both units are rented. The back unit is rented below market and is month-to-month. The building is set back off the street and the rear unit has a large yard. 1071 Tyler Way was Recently Updated in 2021. Updates include the following: New stainless steel appliances – Refrigerator, range, range hood & dishwasher; New Luxury Vinyl Plank - The Mission Collection – Foundation Wide Plank Deep Canyon (Installed in all areas except bedrooms); New carpet in both Bedrooms; Fresh interior paint; Resurface kitchen countertops, kitchen sink and bathtub; New garbage disposal; New kitchen faucet; New kitchen knobs & handles; New bathroom vanity & faucet; New blinds. *Rents and some expenses are list as estimates. CAP rate is a pro-forma CAP rate. ** Current rent includes rent and utility chargeback. Showings are Drive-by only. Do not disturb tenants. Showing on accepted offer only. Seller is a licensed North Carolina Real Estate Broker
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,568
Year Built
- Built in 1979
Lot Details
- 6,098
Home Design
- Pitched Roof
Kitchen
- Gas Range
- Dishwasher
- Disposal
Schools
- Maxwell Elementary School
- Sparks High School
Additional Features
- Carpet
- Internet Available
Community Details
- Net Operating Income $32,479
Listing and Financial Details
- Assessor Parcel Number 02734110
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 1, 2025
Sold by
Favela Patricia and Favela Manuel
Bought by
Super Burrito Inc
Total Days on Market
3
Current Estimated Value
Purchase Details
Closed on
Dec 27, 2023
Sold by
Hughes Family Trust
Bought by
Favela Manuel A and Favela Patricia
Purchase Details
Closed on
Dec 26, 2023
Sold by
Favela Minerva Claudia
Bought by
Favela Manuel A
Purchase Details
Listed on
Feb 6, 2022
Closed on
Mar 9, 2022
Sold by
Palmer Shelly L
Bought by
Hughes Family Trust
Seller's Agent
Donal Minihan
RE/MAX Professionals-Reno
Buyer's Agent
Michele McQuivey
Ferrari-Lund Real Estate Reno
List Price
$575,000
Sold Price
$580,000
Premium/Discount to List
$5,000
0.87%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.49%
Purchase Details
Closed on
Jul 18, 2002
Sold by
Palmer James L
Bought by
Palmer Shelly L
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Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Super Burrito Inc | -- | None Listed On Document | |
| Favela Manuel A | $552,000 | First American Title | |
| Favela Manuel A | -- | First Centennial Title | |
| Hughes Family Trust | $580,000 | First Centennial Title | |
| Palmer Shelly L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Palmer Shelly | $100,000 | |
| Previous Owner | Palmer Shelly | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/09/2022 03/09/22 | Sold | $580,000 | +0.9% | $336 / Sq Ft |
| 02/08/2022 02/08/22 | Pending | -- | -- | -- |
| 02/05/2022 02/05/22 | For Sale | $575,000 | -- | $333 / Sq Ft |
Source: Northern Nevada Regional MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,568 | $67,610 | $43,365 | $24,245 |
| 2024 | $1,568 | $66,369 | $40,635 | $25,734 |
| 2023 | $1,523 | $64,721 | $41,510 | $23,211 |
| 2022 | $1,411 | $53,845 | $33,355 | $20,490 |
| 2021 | $1,371 | $48,531 | $27,615 | $20,916 |
| 2020 | $1,290 | $47,956 | $26,530 | $21,426 |
| 2019 | $1,231 | $43,616 | $22,470 | $21,146 |
| 2018 | $1,171 | $36,237 | $15,190 | $21,047 |
| 2017 | $1,127 | $35,232 | $14,000 | $21,232 |
| 2016 | $1,099 | $33,237 | $11,200 | $22,037 |
| 2015 | $288 | $30,872 | $8,050 | $22,822 |
| 2014 | $1,064 | $29,031 | $7,000 | $22,031 |
| 2013 | -- | $28,079 | $6,160 | $21,919 |
Source: Public Records
Agents Affiliated with this Home
-
Donal Minihan
Seller's Agent in 2022
Donal Minihan
RE/MAX
(775) 870-5209
3 in this area
101 Total Sales
-
Brent Vaulet
Seller Co-Listing Agent in 2022
Brent Vaulet
RE/MAX
(775) 527-0031
9 in this area
361 Total Sales
-
M
Buyer's Agent in 2022
Michele McQuivey
Ferrari-Lund Real Estate Reno
(775) 771-1604
Map
Source: Northern Nevada Regional MLS
MLS Number: 220001380
APN: 027-341-10
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