NOT LISTED FOR SALE

1127 Montello St Unit 1125 &1127 Reno, NV 89512

Northeast Reno Neighborhood

Estimated Value: $427,000 - $538,000

6 Beds
4 Baths
2,032 Sq Ft
$233/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $400,000 $197 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,712/month

255 Days on Market

Highlights

  • Double Pane Windows
  • Laundry Room
  • 1-Story Property
  • Forced Air Heating and Cooling System
  • Ceramic Tile Flooring
  • 5-minute walk to Sage Street Park

About This Home

As of September 2023

Duplex with 3 bedrooms 2 baths each. The garage was converted over 10 years ago by former owners to allow another bed & bath to each unit. The rent is under current market right now. Plenty of parking in front on the concrete driveway and the street across from the school. Try FHA I know a lender that could make it happen NEW pics coming

Last Listed By

Steve Connolly

Steve Connolly Realty License #B.1000794 Listed on: 11/27/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $900

Year Built

  • Built in 1963

Lot Details

  • 6,098 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Pitched Roof
  • Composition Shingle Roof
  • Wood Siding
  • Masonry

Interior Spaces

  • 2,032 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Drapes & Rods
  • Crawl Space
  • Fire and Smoke Detector
  • Oven or Range
  • Laundry Room

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Tile

Parking

  • 4 Parking Spaces
  • 2 Parking Spaces Included
  • Assigned Parking

Schools

  • Dodson Elementary School
  • Traner Middle School
  • Hug High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Heating System Uses Natural Gas
  • Separate Meters
  • Master Water Meter
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 00808427

Community Details

Overview

  • 2 Units
  • Montello Community

Building Details

  • Net Operating Income $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$900

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Type Of Property: Duplex, Triplex, 4-Plex
  • Extended Remarks: Rent could be higher than it is now. Tenants been there going on 10 years so remodel like paint, flooring, baths and kitchen will probably be necessary. Rent is only $1000 month each. Roof has been done, new gas heaters, new electric panels
  • Lvt Date: 11/27/2022
  • Year Built: 1963
  • Access Type: Public
  • Xstreet Directions: off of Oddie Blvd
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range, Refrigerator
  • Water Heater: Electric
  • Flooring: Ceramic Tile, Carpet, Varies by Unit, Vinyl Tile
  • Price Per Sq Ft: 196.85
  • Sold Price Per Sq Ft: 196.85
  • Source Of Sq Ft: Owner
  • Gross Sq Ft: 2032

Exterior Features

  • Windows: Double Pane
  • Construction: Wood Frame
  • Exterior: Brick, Masonry Veneer, Wood Siding
  • Fenced: Back, Partial
  • Foundation: Concrete/Crawl Space
  • Roof: Composition/Shingle, Pitched
  • Stories: 1 Story

Garage/Parking

  • Total Parking Capacity: 4
  • Parking Capacity Per Unit: 2
  • Parking Types: Designated Parking

Utilities

  • Heating Cooling: Air Unit, Forced Air, Natural Gas
  • Internet: Yes
  • Utilities: City/County Water, Cellular Coverage Avail, City Sewer, Electricity, Internet Available, Natural Gas, Water Meter Installed
  • Facility Features: Master Meter-Water, Separate Heating/Cooling, Separate Meters-Electric, Separated Meters-Gas, Separate Water Heaters, Tenant Pays Utilities
  • Individually Metered: Yes
  • Laundry: Separate

Condo/Co-op/Association

  • Complex Name: montello

Schools

  • Elementary School: Dodson
  • Middle School: Traner
  • High School: Hug

Lot Info

  • Acreage: 0.14
  • Parcel Number: 00808427
  • Zoning Actual: mf

Green Features

  • Green Features: Double Pane Windows

Rental Info

  • Current Lease: Month to Month

Tax Info

  • Taxes Dollar: 900

Multi Family

  • Annual Expenses: 2000
  • Gross Scheduled Income: 24000
  • Number Units: 2
  • Unit Features: Drapes/Curtains, Smoke Detector, Varies Per Unit

MLS Schools

  • Elementary School: Dodson
  • HighSchool: Hug
  • Middle School: Traner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2022
Closed on
Sep 1, 2023
Sold by
Stephen J Wright Living Trust
Bought by
Rios-Miranda Jose Santos and Madera Elvia Landa
Seller's Agent
Steve Connolly
Steve Connolly Realty
Buyer's Agent
Jackie Medina
Dickson Realty - Carson City
List Price
$409,000
Sold Price
$400,000
Premium/Discount to List
-$9,000
-2.2%
Total Days on Market
255
Views
1101
Current Estimated Value
$473,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,002
Avg. Annual Appreciation
10.10%
Original Mortgage
$392,755
Outstanding Balance
$386,183
Interest Rate
6.9%
Mortgage Type
FHA
Estimated Equity
$82,183

Purchase Details

Closed on
Dec 13, 2019
Sold by
Wright Stephen
Bought by
Wright Stephen and The Stephen J Wright Living Trust

Purchase Details

Closed on
Aug 23, 2013
Sold by
Federal National Mortgage Association
Bought by
Wright Stephen

Purchase Details

Closed on
Apr 24, 2013
Sold by
Pia Douglas M and Pia Nelia
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 25, 2004
Sold by
Bulan Lydia P and Pia Douglas M
Bought by
Pia Douglas M and Parcasio Mildred P

Purchase Details

Closed on
Mar 22, 2004
Sold by
Fuego Pablo
Bought by
Fuego Portia P

Purchase Details

Closed on
Mar 17, 2004
Sold by
Pia Douglas M
Bought by
Pia Douglas M and Pia Nelia

Purchase Details

Closed on
Nov 8, 2001
Sold by
Marapao Roberta A
Bought by
Bulan Lydia P and Pia Douglas M

Purchase Details

Closed on
Dec 4, 1997
Sold by
Marapao Roberta A and Rodocker Roberta M
Bought by
Marapao Roberta A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,500
Interest Rate
7.31%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rios-Miranda Jose Santos $400,000 First American Title
Wright Stephen -- None Available
Wright Stephen $105,000 First American Title Insuran
Federal National Mortgage Association $143,626 Lsi Title Agency Inc
Pia Douglas M $168,000 First Centennial Title Co
Fuego Portia P -- First Centennial Title Co
Pia Douglas M -- First Centennial Title Co
Parcasio Melchor I -- First Centennial Title Co
Bulan Lydia P -- First Centennial Title Co
Bulan Lydia P -- --
Marapao Roberta A -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rios-Miranda Jose Santos $392,755
Previous Owner Marapao Roberta A $44,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $400,000 -2.2% $197 / Sq Ft
08/09/2023 08/09/23 Pending -- -- --
08/09/2023 08/09/23 For Sale $409,000 +2.3% $201 / Sq Ft
08/06/2023 08/06/23 Off Market $400,000 -- --
07/11/2023 07/11/23 For Sale $409,000 0.0% $201 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
06/12/2023 06/12/23 Price Changed $409,000 -2.4% $201 / Sq Ft
11/27/2022 11/27/22 For Sale $419,000 -- $206 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History Compared to Growth

Source: Public Records

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 $1,068 $64,470 $43,190 $21,280
2024 $1,068 $64,415 $42,875 $21,540
2023 $991 $55,544 $36,995 $18,549
2022 $918 $46,667 $30,975 $15,692
2021 $851 $41,152 $25,760 $15,392
2020 $799 $40,051 $24,850 $15,201
2019 $762 $39,251 $24,500 $14,751
2018 $728 $28,867 $14,700 $14,167
2017 $702 $26,104 $12,250 $13,854
2016 $683 $26,193 $12,425 $13,768
2015 $178 $23,995 $10,220 $13,775
2014 $657 $19,406 $6,440 $12,966
2013 -- $17,301 $4,900 $12,401
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Similar Homes in the area

  • 632 Quincy St, Reno, NV 89512

    $399,000

    • 4 Beds
    • 4 Baths
    • 1,483 Sq Ft
    • 632 Quincy St
    • Reno, NV

    Investor Alert! Flipper! 2 homes on 1 lot. Front home has been under construction by owner. No further work will be completed by Owner. Front unit has newer roof, new kitchen cabinets, granite slab counter tops, recessed lighting, ceiling fans, microwave installed, bath/shower unit is there ready for installation. Both units being sold in its current condition with NO repairs. No assignment

    Felisa Cusimano-Martin Dickson Realty - Sparks

    Section Image
  • 3131 Wedekind Rd, Sparks, NV 89431

    $549,500

    • 4 Beds
    • 4 Baths
    • 1,872 Sq Ft
    • 3131 Wedekind Rd
    • Sparks, NV

    Well cared for property with two homes on one lot with plenty of room for RV parking. The main home has 2 bedrooms, 1 bath, carport and yard. This home has a new refrigerator, gas stove, and dishwasher. Each home is 936 Sq. Ft. The guest house looks like a mountain cabin with tongue and groove pine throughout as well as custom tile work in the bathroom. The guest house also has a carport, yard

    Daniel Ripple Ferrari-Lund Real Estate Reno

    Section Image
  • 1304 Powell Ln, Reno, NV 89502

    $589,000

    • 4 Beds
    • 4 Baths
    • 2,444 Sq Ft
    • 1304 Powell Ln
    • Reno, NV

    Great Investment Opportunity! Live on one unit and earn income. Property built in 2004, offers exceptional potential with two spacious bedrooms and two full bathrooms in each unit. Both units also feature a full laundry area, a private garage, and a patio, adding to the convenience and appeal. This central northeast location places the duplex near a range of local amenities, including shops,

    Gumer Alvarez Coldwell Banker Select Reno

    Section Image

Source: Northern Nevada Regional MLS

MLS Number: 220016575

Northern Nevada Regional MLS

APN: 008-084-27