1317 Faland Way Reno, NV 89503
West University Neighborhood
2
Beds
2
Baths
1,498
Sq Ft
5,663
Sq Ft Lot
Highlights
- View of Trees or Woods
- Separate Formal Living Room
- Home Office
- Reno High School Rated A
- No HOA
- Double Pane Windows
About This Home
As of July 2024Charming, prime property within walking distance to UNR, parks, food and more. It's the perfect space to call home while enjoying the nostalgic charm. The main upstairs level welcomes you with a spacious living room, cozy kitchen with a breakfast nook, one bedroom, and full bathroom. Head downstairs, (also available through a completely separate entrance) and you'll discover an additional bathroom, two “flex” rooms and a kitchenette., With the recent upgrades including all new flooring, new kitchenette downstairs, and refreshed landscaping. The backyard is actually one of the best amenities of these home, with a large storage shed, mature trees and lots of lush grass. This home boasts a unique layout designed to accommodate various living arrangements. You could consider it as a single family home, multi-generational living or optimizing it as two distinct rental units. Having its own entrance, this lower level provides privacy and independence for occupants while offering lucrative rental opportunities. Thanks to its proximity to UNR, those seeking a smart investment will be sure to consider this property as it shines as an ideal candidate for college or graduate student rentals, as the mortgage could be offset by using a portion of the home as a rental, and tax friendly Nevada has an annual property tax rate for this at only $847.45 a YEAR! The large lot size, well situated current structure, and favorable zoning of MF14 offer long term opportunities as well.This home represents a compelling opportunity to generate passive income while enjoying the comforts of home. Oil tank pressure test passed and report available. Property is back on market at no fault of the seller.
Last Agent to Sell the Property
Marmot Properties, LLC License #S.176875 Listed on: 04/19/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $848
Year Built
- Built in 1954
Lot Details
- 5,663 Sq Ft Lot
- Property is Fully Fenced
- Fenced Front Yard
- Landscaped
- Level Lot
- Front and Back Yard Sprinklers
- Property is zoned MF14
Property Views
- Woods
- Mountain
Home Design
- Slab Foundation
- Pitched Roof
- Shingle Roof
- Composition Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 1,498 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Separate Formal Living Room
- Combination Kitchen and Dining Room
- Home Office
- Fire and Smoke Detector
Kitchen
- Built-In Oven
- Electric Oven
- Electric Range
- Disposal
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
- Shelves in Laundry Area
Outdoor Features
- Fuel Available
- Storage Shed
Schools
- Elmcrest Elementary School
- Clayton Middle School
- Reno High School
Utilities
- Heating System Uses Oil
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Home warranty included in the sale of the property
- Assessor Parcel Number 00710110
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 19, 2024
Closed on
Jun 8, 2024
Sold by
Russell Family Living Trust and Russell Andrew Breckenridge
Bought by
Stiglich Lidia and Martin Michon
Seller's Agent
Laura Kirsch
Marmot Properties, LLC
Buyer's Agent
J.P. Menante
Dickson Realty - Downtown
List Price
$550,000
Sold Price
$550,000
Views
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,644
Avg. Annual Appreciation
-3.72%
Original Mortgage
$412,500
Outstanding Balance
$409,049
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$121,307
Purchase Details
Listed on
Apr 1, 2019
Closed on
May 16, 2019
Sold by
Revocab Pittsford Pamela Carol
Bought by
Russell Andrew Breckenridge and Russell Julie Kristen
Seller's Agent
Sandra Gabrielli
RE/MAX Professionals-Sparks
Buyer's Agent
Richard Keillor
Coldwell Banker Select Mt Rose
List Price
$295,000
Sold Price
$310,500
Premium/Discount to List
$15,500
5.25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.72%
Purchase Details
Closed on
Oct 2, 2002
Sold by
Pittsford Pamela Carol
Bought by
Pittsford Pamela Carol
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,800
Interest Rate
6.22%
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $550,000 | Stewart Title | |
| Bargain Sale Deed | $310,500 | First Centennial Reno | |
| Interfamily Deed Transfer | $120,800 | Stewart Title Northern Nevad |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $412,500 | New Conventional | |
| Previous Owner | $120,800 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/12/2024 07/12/24 | Sold | $550,000 | 0.0% | $367 / Sq Ft |
| 06/12/2024 06/12/24 | Pending | -- | -- | -- |
| 04/18/2024 04/18/24 | For Sale | $550,000 | +77.1% | $367 / Sq Ft |
| 05/17/2019 05/17/19 | Sold | $310,500 | +5.3% | $207 / Sq Ft |
| 04/19/2019 04/19/19 | Pending | -- | -- | -- |
| 04/01/2019 04/01/19 | For Sale | $295,000 | -- | $197 / 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 | $914 | $57,197 | $41,545 | $15,652 |
| 2024 | $914 | $56,582 | $41,195 | $15,387 |
| 2023 | $847 | $54,168 | $40,005 | $14,163 |
| 2022 | $787 | $43,101 | $31,500 | $11,601 |
| 2021 | $729 | $32,812 | $21,490 | $11,322 |
| 2020 | $685 | $32,188 | $21,000 | $11,188 |
| 2019 | $653 | $31,521 | $21,000 | $10,521 |
| 2018 | $623 | $24,995 | $14,875 | $10,120 |
| 2017 | $608 | $22,636 | $12,705 | $9,931 |
| 2016 | $590 | $22,440 | $12,600 | $9,840 |
| 2015 | $590 | $19,297 | $9,450 | $9,847 |
| 2014 | $581 | $17,305 | $7,980 | $9,325 |
| 2013 | -- | $14,982 | $5,880 | $9,102 |
Source: Public Records
Agents Affiliated with this Home
-
Laura Kirsch
Seller's Agent in 2024
Laura Kirsch
Marmot Properties, LLC
(775) 391-9076
4 in this area
251 Total Sales
-
J.P. Menante
Buyer's Agent in 2024
J.P. Menante
Dickson Realty
(775) 691-9831
4 in this area
118 Total Sales
-
Sandra Gabrielli
Seller's Agent in 2019
Sandra Gabrielli
RE/MAX
(775) 640-6539
160 Total Sales
-
Richard Keillor
Buyer's Agent in 2019
Richard Keillor
Coldwell Banker Select Mt Rose
(775) 813-7136
40 Total Sales
Map
Source: Northern Nevada Regional MLS
MLS Number: 240006487
APN: 007-101-10
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