NOT LISTED FOR SALE

Estimated Value: $447,000 - $487,000

3 Beds
2 Baths
1,308 Sq Ft
$361/Sq Ft Est. Value

Last Sold July 22, 2024

Last sale price $468,000 $358 Per Sq Ft

Current estimated payment $2,618/month

50 Days on Market

Highlights

  • Triple Pane Windows
  • Asbestos
  • Carpet
  • Landscaped
  • Partially Fenced Property
  • Heating System Uses Natural Gas

About This Home

As of July 2024

Drive by only, DO NOT disturb tenants. Located across from Alice Smith Elementary School. Well maintained homes, each with tenants on month to month leases. Landlord pays water (single meter on property), trash, sewer, property taxes. Tenants pay electric, gas, phone/internet/tv. Each home has a gas forced air wall furnace., Offer to be made subject to viewing interior and inspections. Owner will finance at 8% from 15 to 30 year term, with 25% down and 5 year prepayment penalty. Owners are licensed Nevada Real Estate Brokers. Property is being sold in "as is" condition. Home warranty will be provided on each home at COE, paid for by seller, with acceptable offer.

Last Agent to Sell the Property

Steven Melching

Rustic Realty License #B.427 Listed on: 04/12/2024

Last Buyer's Agent

Donal Minihan

RE/MAX Professionals-Reno License #S.174259

RE/MAX Professionals-Reno

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $886

Year Built

  • Built in 1945

Lot Details

  • 5,663 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped

Home Design

  • Duplex
  • Slab Foundation
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Asbestos

Interior Spaces

  • 1,308 Sq Ft Home
  • 1-Story Property
  • Triple Pane Windows
  • Drapes & Rods
  • Blinds
  • Carpet
  • Crawl Space
  • Fire and Smoke Detector
  • Laundry in unit

Kitchen

  • Oven
  • Gas Range
  • Disposal

Parking

  • 4 Parking Spaces
  • Assigned Parking

Schools

  • Smith Elementary School
  • Sparks Middle School
  • Sparks High School

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Separate Meters
  • Master Meter
  • Individual Gas Meter
  • Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for all utilities
  • Assessor Parcel Number 03126411

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $16,121

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$886

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Year Built: 1945
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Lot Features: Landscaped
  • Lot Size Acres: 0.13
  • Road Frontage Type: Public
  • Security Features: Smoke Detector(s)
  • Co List Office Mls Id: 268-o
  • Co List Office Phone: 775-356-1222
  • Co List Office Mls Id: 268-o
  • Co List Office Phone: 775-356-1222
  • Directions: F Street between 19th and 20th Street
  • Tax Legal Zoning4: MUD
  • Building Stories5: 1
  • Lot Features Landscaped: Yes
  • Construction Materials Asbestos: Yes
  • Foundation Details Slab: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Appliances Disposal: Yes
  • Security Features Smoke Detector(s): Yes
  • Fencing Partial2: Yes
  • Construction Materials Frame: Yes
  • Tax Legal Elementary School2: Smith
  • Tax Legal High School2: Sparks
  • Lot Lot Size Acres4: 0.13
  • Lot Lot Size Square Feet4: 5662.8
  • Appliances Oven: Yes
  • Appliances Gas Range: Yes
  • Foundation Details Crawl Space2: Yes
  • Tax Legal Tax Annual Amount3: 885.54
  • Incomeand Expenses Net Operating Income: 16121.0
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 2.0
  • Building Number Of Units Total5: 2.0
  • Special Information Onsite Management Y N: No
  • Meter Information Separate Meters Y N: Yes
  • Meter Information Separate Electric Meters Y N: Yes
  • Meter Information Separate Gas Meters Y N: Yes
  • Meter Information Separate Water Meters Y N: No
  • Meter Information Separate Water Heaters Y N: Yes
  • Meter Information One Primary Electric Meter Y N: No
  • Meter Information One Primary Gas Meter Y N: No
  • Meter Information One Primary Water Meter Y N: Yes
  • Tax Legal Middleor Junior School: Sparks
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Oven, Disposal, Gas Range, Refrigerator
  • Flooring: Carpet
  • Number Of Buildings: 2
  • Other Equipment: Varies By Unit
  • Owner Pays: All Utilities
  • Window Features: Blinds, Drapes, Triple Pane Windows
  • Flooring Carpet: Yes
  • Window Features Blinds: Yes
  • Window Features Drapes: Yes
  • Window Features Triple Pane Windows: Yes
  • Interior Building Area Total3: 1308.0
  • Laundry Features In Unit: Yes

Exterior Features

  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • Construction Type: Asbestos, Frame
  • Foundation Details: Slab, Crawl Space
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Assigned
  • Total Parking Spaces: 4.0
  • Parking Information Parking Total4: 4.0
  • Parking Features Assigned: Yes

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available, Water Meter Installed
  • Water Source: Public
  • Laundry Features: In Unit
  • Heating: Natural Gas, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Water Meter Installed: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Heating Wall Furnace: Yes
  • Utilities Heating Y N5: Yes
  • Owner Pays All Utilities: Yes

Schools

  • Middle Or Junior School: Sparks

Lot Info

  • Parcel Number: 03126411
  • Fencing: Partial
  • Lot Size Sq Ft: 5662.8
  • Zoning: MUD

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 29880.0
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 885.54

MLS Schools

  • Elementary School: Smith
  • HighSchool: Sparks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
Jul 12, 2024
Sold by
Melching Steven M and Melching Yvonne S
Bought by
Vaulet Brent and Vaulet Miranda
Seller's Agent
Steven Melching
Rustic Realty
Buyer's Agent
Donal Minihan
RE/MAX Professionals-Reno
List Price
$475,000
Sold Price
$468,000
Premium/Discount to List
-$7,000
-1.47%
Views
77
Current Estimated Value
$465,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,227
Avg. Annual Appreciation
0.11%
Original Mortgage
$444,600
Outstanding Balance
$441,236
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$27,331

Purchase Details

Closed on
Apr 20, 2015
Sold by
Melching Steven M
Bought by
Melching Steven M and Melching Yvonne S
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Vaulet Brent $468,000 First American Title
Melching Steven M -- First Centennial Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vaulet Brent $444,600
Previous Owner Melching Steven M $101,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2024 07/22/24 Sold $468,000 -1.5% $358 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
04/11/2024 04/11/24 For Sale $475,000 -- $363 / 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 $957 $59,495 $41,720 $17,775
2024 $957 $56,116 $38,710 $17,406
2023 $886 $55,337 $39,305 $16,032
2022 $863 $45,958 $32,865 $13,094
2021 $800 $38,128 $25,375 $12,753
2020 $751 $38,769 $26,250 $12,519
2019 $717 $34,411 $22,470 $11,941
2018 $684 $26,641 $15,190 $11,451
2017 $658 $25,249 $14,000 $11,249
2016 $644 $22,444 $11,200 $11,244
2015 $644 $19,079 $8,050 $11,029
2014 $625 $17,397 $7,000 $10,397
2013 -- $16,346 $6,160 $10,186
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 240003829

Northern Nevada Regional MLS

APN: 031-264-11