NOT LISTED FOR SALE

280 Quail Way Fallon, NV 89406

Estimated Value: $701,000 - $791,000

9 Beds
5 Baths
5,348 Sq Ft
$139/Sq Ft Est. Value

Last Sold April 05, 2024

Last sale price $775,000 $145 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,325/month

463 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Double Pane Windows
  • Lahontan Elementary School Rated A-
  • 4 Car Attached Garage
  • Refrigerated and Evaporative Cooling System

About This Home

As of April 2024

GREAT INVESTMENT PROPERTY!! This 4 plex features a 1972 sqft unit with 5 bedrooms and 2 1/2 baths and an attached garage, two 3 bed 1 1/2 bath units that are 1183 sqft with one attached and one detached garage and a 1040 sqft unit with 3 beds and 1 bath without a garage. All units are currently occupied, tenants pay all utilities and each unit is separately metered., There is no sign on the property. Rents are below market value.

Last Agent to Sell the Property

Josh Berney

Berney Realty, LTD License #S.181340 Listed on: 12/02/2022

Co-Listed By

Shannon Nelson

Berney Realty, LTD License #S.170113

Last Buyer's Agent

Lori Capurro

Century 21 Green Valley Realty License #S.57608

Century 21 Green Valley Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,801

Year Built

  • Built in 1985

Lot Details

  • 0.27 Acre Lot
  • Back Yard Fenced
  • Landscaped

Parking

  • 4 Car Attached Garage

Home Design

  • Wood Foundation
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 5,348 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Blinds
  • Aluminum Window Frames
  • Crawl Space
  • Fire and Smoke Detector
  • Laundry in Kitchen

Kitchen

  • Oven
  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Outdoor Features

  • Deck
  • Patio

Schools

  • Churchill Middle School
  • Churchill High School

Utilities

  • Refrigerated and Evaporative Cooling System
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Separate Meters
  • Individual Gas Meter
  • Gas Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 00101140

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • The community has rules related to covenants, conditions, and restrictions

Building Details

  • Net Operating Income $38,989

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,801

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Year Built: 1985
  • Property Type: Residential Income
  • Lot Features: Landscaped
  • Lot Size Acres: 0.27
  • Road Frontage Type: Public
  • Security Features: Smoke Detector(s)
  • Co List Office Mls Id: 2200-o
  • Co List Office Phone: 775-423-4230
  • Co List Office Mls Id: 2200-o
  • Co List Office Phone: 775-423-4230
  • Directions: Taylor St
  • Has Cooling?: Yes
  • Tax Legal Zoning4: C1
  • Building Stories5: 2
  • Cooling Evaporative Cooling: Yes
  • Fencing Back Yard: Yes
  • Lot Features Landscaped: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Appliances Dishwasher: Yes
  • Outdoor Living Spaces Deck3: Yes
  • Outdoor Living Spaces Patio2: Yes
  • Security Features Smoke Detector(s): Yes
  • Water Heater Gas5: Yes
  • Construction Materials Frame: Yes
  • Tax Legal Elementary School2: Fallon/Other
  • Tax Legal High School2: Churchill
  • Lot Lot Size Acres4: 0.27
  • Lot Lot Size Square Feet4: 11761.2
  • Appliances Oven: Yes
  • Appliances Gas Range: Yes
  • Foundation Details Crawl Space2: Yes
  • Foundation Details Wood7: Yes
  • Tax Legal Tax Annual Amount3: 2800.84
  • Incomeand Expenses Net Operating Income: 38989.0
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 3.0
  • Building Number Of Units Total5: 4.0
  • 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: No
  • 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: No
  • Tax Legal Middleor Junior School: Churchill
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Oven, Dishwasher, Gas Range
  • Flooring: Carpet, Ceramic Tile, Laminate, Vinyl, Wood
  • Number Of Buildings: 3
  • Window Features: Blinds, Double Pane Windows, Metal Frames, Vinyl Frames, Varies
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Laundry Features In Kitchen: Yes
  • Window Features Blinds: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Wood: Yes
  • Window Features Metal Frames: Yes
  • Flooring Laminate: Yes
  • Flooring Vinyl: Yes
  • Cooling Wall Window Unit(s): Yes
  • Interior Building Area Total3: 5348.0
  • Laundry Features In Unit: Yes

Exterior Features

  • Roof: Composition, Pitched, Shingle
  • Stories: 2
  • Construction Type: Frame, Vinyl Siding
  • Foundation Details: Wood, Crawl Space
  • Patio And Porch Features: Patio, Deck
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes
  • Construction Materials Vinyl Siding: Yes

Garage/Parking

  • Has Attached Garage?: Yes
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 4.0
  • Parking Features Attached: Yes
  • Parking Features Garage: Yes
  • Parking Information Parking Total4: 4.0

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Water Meter Installed
  • Water Source: Public
  • Laundry Features: In Kitchen, In Unit, Varies By Unit
  • Cooling: Evaporative Cooling, Wall/Window Unit(s), Varies By Unit
  • Heating: Baseboard, Forced Air, Natural Gas, Varies By Unit
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Water Meter Installed: Yes
  • Utilities Internet Available: Yes
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Heating Baseboard: Yes
  • Utilities Heating Y N5: Yes
  • Utilities Cooling Y N5: Yes

Schools

  • Middle Or Junior School: Churchill

Lot Info

  • Parcel Number: 00101140
  • Fencing: Back Yard
  • Lot Size Sq Ft: 11761.2
  • Zoning: C1

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 50454.0
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2800.84

MLS Schools

  • Elementary School: Fallon/Other
  • HighSchool: Churchill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2022
Closed on
Apr 2, 2024
Sold by
Libby Ronald M and May Joy
Bought by
Churchill County Nevada
Seller's Agent
Josh Berney
Berney Realty, LTD
Buyer's Agent
Lori Capurro
Century 21 Green Valley Realty
List Price
$815,000
Sold Price
$775,000
Premium/Discount to List
-$40,000
-4.91%
Views
699
Current Estimated Value
$746,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,000
Avg. Annual Appreciation
-4.48%

Purchase Details

Closed on
Jan 28, 2011
Sold by
The Bank Of New York Mellon
Bought by
Libby Ronald M and Libby May Joy P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,675
Interest Rate
4.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2010
Sold by
Wight Eric E
Bought by
The Bank Of New York Mellon and First Horizon Home Loans

Purchase Details

Closed on
Mar 14, 2006
Sold by
Wight Eric E
Bought by
Wight Eric E and Eric E Wight 2004 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,500
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 2005
Sold by
Muench Edward Robert
Bought by
Wight Eric E and Eric E Wight 2004 Trust
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
Churchill County Nevada -- Western Nevada Title Company
Libby Ronald M $144,900 Pacific Coast Title
The Bank Of New York Mellon $165,750 None Available
Wight Eric E -- Western Nevada Title Company
Wight Eric E $538,000 Western Nevada Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Libby Ronald M $108,675
Previous Owner Wight Eric E $357,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2024 04/05/24 Sold $775,000 0.0% $145 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
09/15/2023 09/15/23 Price Changed $775,000 -4.9% $145 / Sq Ft
12/01/2022 12/01/22 For Sale $815,000 -- $152 / 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 $3,120 $123,346 $22,400 $100,946
2024 $3,120 $126,357 $22,400 $103,957
2023 $3,120 $118,306 $22,400 $95,906
2022 $2,801 $96,511 $11,200 $85,311
2021 $2,713 $95,180 $11,200 $83,980
2020 $2,626 $97,663 $11,200 $86,463
2019 $2,550 $96,473 $11,200 $85,273
2018 $2,477 $94,982 $11,200 $83,782
2017 $2,405 $95,497 $11,200 $84,297
2016 $2,346 $73,262 $11,200 $62,062
2015 $2,295 $65,568 $11,200 $54,368
2014 $2,236 $59,214 $11,200 $48,014
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 220016680

Northern Nevada Regional MLS

APN: 001-011-40