NOT LISTED FOR SALE

1625 Meadows Ave Unit NV Fernley, NV 89408

Estimated Value: $367,706 - $384,000

3 Beds
2 Baths
1,519 Sq Ft
$248/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $300,000 $197 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,183/month

25 Days on Market

About This Home

As of November 2020

INVESTOR OPPORTUNITY 4.7% CAP Rate - 1.22% Cash on Cash - 20.41% Rate of Return. Recently remodeled Fernley home on corner lot with newer laminate floors and modern two-toned paint throughout. Functional floor plan with 3 bedrooms plus a den. The master has a jetted garden tub, a separate shower, dual sinks and a large walk-in closet. All the bedrooms are at the back of the house for privacy. The rear yard has decks and a view of the foothills to the south. Tenant occupied. NO Showings. Drive-by Only., 4.7% CAP Rate - 1.22% Cash on Cash - 20.41% Rate of Return before taxes - REALTORS, see docs. Pictures are of home prior to tenants occupying the unit. The kitchen floor was updated to tile and the dining room to laminate after pictures were taken. Full pictures will upload on 9/22/2020

Last Agent to Sell the Property

Erika Lamb

Welcome Home License #B.143577 Listed on: 09/19/2020

Co-Listed By

Albert Lamb

Welcome Home License #S.174477

Last Buyer's Agent

Scott Smith

Intero License #S.20740

Intero

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,737

Year Built

  • Built in 2005

Lot Details

  • 6,534 Sq Ft Lot
  • Property is zoned NR1

Parking

  • 2 Car Garage

Home Design

  • Pitched Roof

Interior Spaces

  • 1,519 Sq Ft Home
  • Laminate Flooring

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • East Valley Elementary School
  • Silverland Middle School
  • Fernley High School

Utilities

  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 02099201

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,737

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Year Built: 2005
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: No
  • Road Frontage Type: Other
  • Co List Office Mls Id: 1937-o
  • Co List Office Phone: 775-200-1331
  • Co List Office Mls Id: 1937-o
  • Co List Office Phone: 775-200-1331
  • Directions: Main St to River Ranch Rd
  • Property Attached Yn: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator
  • Flooring: Laminate, Porcelain
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: High Ceilings, Primary Downstairs, Smart Thermostat
  • Window Features: Blinds, Double Pane Windows, Vinyl Frames

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • View: Mountain(s), Trees/Woods
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage Door Opener

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed
  • Water Source: Public
  • Laundry Features: Laundry Area, Laundry Room
  • Cooling: Central Air, Refrigerated
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Middle Or Junior School: Silverland

Lot Info

  • Parcel Number: 02099201
  • Fencing: Back Yard, Full
  • Lot Size Sq Ft: 6534.0
  • Zoning: NR1

Green Features

  • Green Water Conservation: Water-Smart Landscaping

Tax Info

  • Tax Annual Amount: 1736.92

MLS Schools

  • Elementary School: East Valley
  • HighSchool: Fernley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2020
Closed on
Nov 4, 2020
Sold by
Shepherd James M
Bought by
Ilian Timothy and Dubois Ilian H
Seller's Agent
Erika Lamb
Welcome Home
Buyer's Agent
Scott Smith
Intero
List Price
$299,990
Sold Price
$300,000
Premium/Discount to List
$10
0.003%
Total Days on Market
25
Current Estimated Value
$376,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,677
Avg. Annual Appreciation
5.08%

Purchase Details

Closed on
Jun 10, 2020
Sold by
Andrews Susan Barker
Bought by
Andres Susan Diane Barker and Andres Susan Diane

Purchase Details

Closed on
Feb 17, 2012
Sold by
Jones Ronald Scott and Jones Elizabeth B
Bought by
Shepherd James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,750
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2005
Sold by
River Ranch Estates Llc
Bought by
Jones Ronald Scott and Jones Elizabeth B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,400
Interest Rate
6.31%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Ilian Timothy $300,000 Stewart Title Co
Andres Susan Diane Barker -- None Available
Shepherd James M $69,000 Western Title Company
Jones Ronald Scott $216,805 Title Service & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shepherd James M $135,000
Previous Owner Shepherd James M $51,750
Previous Owner Jones Ronald Scott $173,400
Previous Owner Jones Ronald Scott $21,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $300,000 0.0% $197 / Sq Ft
10/16/2020 10/16/20 Pending -- -- --
09/21/2020 09/21/20 For Sale $299,990 -- $197 / 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
2024 $2,212 $106,190 $43,750 $62,440
2023 $2,212 $102,209 $43,750 $58,459
2022 $1,933 $97,641 $43,750 $53,891
2021 $1,846 $87,252 $34,650 $52,602
2020 $1,737 $84,905 $34,650 $50,255
2019 $1,671 $79,870 $31,500 $48,370
2018 $1,616 $68,225 $21,000 $47,225
2017 $1,601 $60,322 $13,130 $47,192
2016 $1,415 $46,660 $5,780 $40,880
2015 $1,450 $36,696 $5,780 $30,916
2014 $1,417 $28,083 $5,780 $22,303
Source: Public Records

Agents Affiliated with this Home

  • Erika Lamb

    Seller's Agent in 2020

    Erika Lamb

    Welcome Home

    (775) 229-6460

    51 Total Sales

    Erika Lamb
    Section Image

  • A

    Seller Co-Listing Agent in 2020

    Albert Lamb

    Welcome Home

    (775) 200-1331

    8 Total Sales

    Albert Lamb
    Section Image
  • Scott Smith

    Buyer's Agent in 2020

    Scott Smith

    Intero

    (775) 691-1777

    97 Total Sales

    Scott Smith
    Section Image
See All Agents

Map

Source: Northern Nevada Regional MLS

MLS Number: 200013186

Northern Nevada Regional MLS

APN: 020-992-01

Nevada Lyon County Fernley 89408

1625 Meadows Ave Unit NV, Fernley, NV

This home is located at 1625 Meadows Ave Unit NV, Fernley, NV 89408 since 19 September 2020 and is currently estimated at $376,677, approximately $247 per square foot. This property was built in 2005. 1625 Meadows Ave Unit NV is a home located in Lyon County with nearby schools including East Valley Elementary School, Fernley Intermediate School, and Fernley High School.

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