NOT LISTED FOR SALE

2070 Farm District Rd Fernley, NV 89408

Estimated Value: $466,000 - $491,000

5.33 Acres
$89,358 Price per Acre
232,175 Sq Ft Lot

Last Sold October 30, 2024

Last sale price $485,000

Est. 2% decrease in value since last sale

Current estimated payment $2,599/month

73 Days on Market

Highlights

  • Horses Allowed On Property
  • Mountain View
  • Level Lot
  • 5.33 Acre Lot
  • No HOA

About This Lot

As of October 2024

Exceptional Development Opportunity: 5.33 Acres with Water Rights! Discover the potential of this parcel, boasting 23.985 acre-feet of water rights banked with the City of Fernley, suitable for up to 22 residential connections. This prime land offers a unique opportunity for developers and investors alike, with essential utilities readily available., Whether you're planning a quaint neighborhood or a mixed-use development, this land provides the foundation for a thriving community. Take advantage of the growing demand for residential space in Fernley and make a lasting impact with your vision. Don't let this rare find slip away-capitalize on this opportunity to shape the future of Fernley's landscape.

Last Agent to Sell the Property

R.C. Herrera

Sierra Nevada Properties-Frnly License #S.16818 Listed on: 06/29/2024

Sierra Nevada Properties-Frnly

Last Buyer's Agent

Reddybabu Uppu

Solid Source Realty License #S.190492

Solid Source Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,113

Lot Details

  • 5.33 Acre Lot
  • Level Lot
  • Open Lot
  • Property is zoned SF6

Schools

  • Cottonwood Elementary School
  • Silverland Middle School
  • Fernley High School

Utilities

  • No Utilities
  • Water Rights

Additional Features

  • Mountain Views
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 02069101

Property Details

Property Type

Land

Est. Annual Taxes

$1,113

Lot Details

0

Listing Details

  • Property Type: Land
  • Horses: Yes
  • Lot Features: Level, Open Lot
  • Lot Size Acres: 5.33
  • Road Frontage Type: Other, Public Access
  • Road Surface Type: Paved
  • Has View?: Yes
  • Has H O A?: No
  • Co List Office Mls Id: 1833-o
  • Co List Office Phone: 775-689-8228
  • Directions: Farm District x Browne Ln
  • Tax Legal Zoning4: SF6
  • Lot Features Level: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Water Rights Water Rights Y N: Yes
  • View Mountain(s): Yes
  • Lot Features Open Lot: Yes
  • Tax Legal Elementary School2: Cottonwood
  • Tax Legal High School2: Fernley
  • Tax Legal Tax Annual Amount3: 1113.17
  • Tax Legal Middleor Junior School3: Silverland
  • Association Community Association Y N: No
  • Lot Lot Size Acres: 5.33
  • Lot View Y N4: Yes
  • Lot Horse Y N4: Yes
  • Land Details Crops Included Y N: No
  • Land Details Deed Restrictions: No
  • Land Details Utility Easement Y N: Yes
  • Development Status Raw Land: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s)

Utilities

  • Utilities: Sewer Available, Water Available, None
  • Water Source: Public
  • Sewer: Public Sewer
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Water Source Public: Yes
  • Utilities None27: Yes

Schools

  • Middle Or Junior School: Silverland

Lot Info

  • Parcel Number: 02069101
  • Fencing: None
  • Development Status: Raw Land
  • Lot Size Sq Ft: 232174.8
  • Crops Included: No
  • Zoning: SF6

Tax Info

  • Tax Annual Amount: 1113.17

MLS Schools

  • Elementary School: Cottonwood
  • HighSchool: Fernley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2024
Closed on
Oct 16, 2024
Sold by
Nunes Tony L and Michael S Glenn Trust
Bought by
Akin Bros Llc
Seller's Agent
R.C. Herrera
Sierra Nevada Properties-Frnly
Buyer's Agent
Reddybabu Uppu
Solid Source Realty
List Price
$500,000
Sold Price
$485,000
Premium/Discount to List
-$15,000
-3%
Current Estimated Value
$476,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,724
Avg. Annual Appreciation
-1.80%

Purchase Details

Closed on
Apr 7, 2005
Sold by
Hinson Development Llc
Bought by
Jess Arndell Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2004
Sold by
Nelson George R and Nelson Arlene D
Bought by
Nelson George R and Nelson Arlene D
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Akin Bros Llc $485,000 Stewart Title
Jess Arndell Construction Inc $1,150,000 Western Title Company Inc
Nelson George R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jess Arndell Construction Inc $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2024 10/30/24 Sold $485,000 -3.0% --
09/09/2024 09/09/24 Pending -- -- --
06/28/2024 06/28/24 For Sale $500,000 -- --
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 $1,120 $29,426 $27,983 $1,444
2024 $1,120 $29,492 $27,982 $1,509
2023 $1,120 $29,324 $27,983 $1,341
2022 $1,095 $29,210 $27,983 $1,227
2021 $1,094 $29,184 $27,983 $1,201
2020 $1,090 $29,157 $27,980 $1,177
2019 $1,086 $29,087 $27,980 $1,107
2018 $1,083 $29,041 $27,980 $1,061
2017 $1,078 $29,039 $27,980 $1,059
2016 $1,069 $56,780 $55,970 $810
2015 $2,077 $56,784 $55,970 $814
2014 $2,044 $56,737 $55,970 $767
Source: Public Records

Agents Affiliated with this Home

  • R.C. Herrera

    Seller's Agent in 2024

    R.C. Herrera

    Sierra Nevada Properties

    (775) 771-3644

    199 Total Sales

    R.C. Herrera
    Section Image
  • Reddybabu Uppu

    Buyer's Agent in 2024

    Reddybabu Uppu

    Solid Source Realty

    (775) 303-5974

    38 Total Sales

    Reddybabu Uppu
    Section Image
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Map

Source: Northern Nevada Regional MLS

MLS Number: 240008149

Northern Nevada Regional MLS

APN: 020-691-01

Nevada Lyon County Fernley 89408

2070 Farm District Rd, Fernley, NV

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