NOT LISTED FOR SALE

2955 Yellow Tail Rd Reno, NV 89510

Estimated Value: $593,000 - $1,183,000

2 Beds
1 Bath
1,535 Sq Ft
$610/Sq Ft Est. Value

Last Sold December 07, 2016

Last sale price $280,000 $182 Per Sq Ft

Est. 234% increase in value since last sale

Current estimated payment $5,653/month

52 Days on Market

Highlights

  • Horse Stalls
  • Peek-A-Boo Views
  • Radiant Floor
  • RV Access or Parking
  • 320 Acre Lot
  • High Ceiling

About This Home

As of December 2016

Unlike any other place in Palamino Valley, this rustic ranch property of 320+ acres boasts sweeping views of the valley and mountains. The residence features a studio-style open floor plan w/ both front and rear decks for enjoying the views and watching the wildlife. Previous owners graded a pad for building a larger residence and cut-in a road to access that pad. The detached 2-car garage has a separate workshop, both with 220. Three storage buildings, including one that is fully insulated and has power., There is plenty of room for your horses, cattle, goats, chickens, trailers, RVs and toys. Current owners spent over $4k on current fencing enclosing approximately 2 acres for the horses, including 2 gates. Residence features radiant heat system for the floors.

Last Agent to Sell the Property

Shannon Paton

Dickson Realty - Caughlin License #S.174301 Listed on: 07/19/2016

Dickson Realty - Caughlin

Last Buyer's Agent

Guy Johnson

Keller Williams Group One Inc. License #S.75262

Keller Williams Group One Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,750

Year Built

  • Built in 1990

Lot Details

  • 320 Acre Lot
  • Partially Fenced Property
  • Open Lot
  • Lot Sloped Up
  • Property is zoned GRA 92%/GR 8%

Parking

  • 2 Car Garage
  • Garage Door Opener
  • RV Access or Parking

Property Views

  • Peek-A-Boo
  • Mountain
  • Desert
  • Valley

Home Design

  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,535 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace
  • Open Floorplan
  • Crawl Space

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • No Kitchen Appliances
  • Trash Compactor
  • Disposal

Flooring

  • Radiant Floor
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry Cabinets

Outdoor Features

  • Fuel Available
  • Separate Outdoor Workshop

Schools

  • Spanish Springs Elementary School
  • Shaw Middle School
  • Spanish Springs High School

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Horse Stalls
  • Corral

Utilities

  • Heating System Uses Oil
  • Pellet Stove burns compressed wood to generate heat
  • Propane
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic Tank
  • Internet Available
  • Phone Available
  • Satellite Dish

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 07609023

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,750

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1990
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: Yes
  • Lot Features: Gentle Sloping, Open Lot, Rolling Slope, Sloped Up
  • Lot Size Acres: 320.0
  • Has View?: Yes
  • Association Amenities: None
  • Has H O A?: No
  • Co List Office Mls Id: 136-o
  • Co List Office Phone: 775-746-7000
  • Directions: Ironwood to Amy to Wilcox Rnch to Crazy Hrse to YT
  • Has Fireplace?: Yes
  • Living Area: 1535.0
  • Property Attached Yn: No
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Spanish Springs
  • Tax Legal Middle Or Junior School2: Shaw Middle School
  • Tax Legal High School: Spanish Springs
  • Tax Legal Tax Annual Amount: 1750.16
  • Tax Legal Zoning4: GRA 92%/GR 8%
  • Association Community Association Y N3: No
  • Building Stories5: 2
  • Building Property Attached Y N: No
  • Building Home Warranty Y N: Yes
  • Lot Lot Size Acres2: 320.0
  • Lot Lot Size Square Feet2: 13939200.0
  • Lot Horse Y N2: Yes
  • Lot View Y N2: Yes
  • Foundation Details Crawl Space: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Typeof Construction Site Stick- Built: Yes
  • Water Heater Electric5: Yes
  • Water Rights Water Rights Y N: No
  • Appliances Dishwasher: Yes
  • Appliances Disposal: Yes
  • Other Equipment Satellite Dish: Yes
  • Other Structures Corral(s)2: Yes
  • Other Structures Stall(s): Yes
  • View Mountain(s): Yes
  • Appliances Microwave: Yes
  • Fencing Partial2: Yes
  • Lot Features Sloped Up: Yes
  • Sewer Septic Tank: Yes
  • Fireplace Features Pellet Stove: Yes
  • Lot Features Gentle Sloping: Yes
  • Appliances Trash Compactor: Yes
  • Lot Features Open Lot: Yes
  • View Desert: Yes
  • View Peek: Yes
  • View Valley: Yes
  • Other Rooms Entrance Foyer2: Yes
  • Lot Features Rolling Slope: Yes
  • Appliances Included As Personal Property Gas Cooktop2: Yes
  • Appliances Included As Personal Property Oven2: Yes
  • Other Structures Workshop: Yes
  • Appliances None2: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Cooktop, Microwave, Oven, Trash Compactor, None
  • Flooring: Ceramic Tile
  • Other Equipment: Satellite Dish
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Pellet Stove
  • Interior Amenities: Ceiling Fan(s), High Ceilings, Pantry
  • Window Features: Blinds, Double Pane Windows
  • Interior Living Area4: 1535.0
  • Interior Fireplace Y N: Yes
  • Interior Features High Ceilings: Yes
  • Fireplace Features Living Room: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Blinds: Yes
  • Flooring Ceramic Tile: Yes
  • Laundry Features Cabinets2: Yes
  • Laundry Features Laundry Area: Yes
  • Living Room Features Great Room3: Yes
  • Kitchen Features Built- In Dishwasher: Yes
  • Kitchen Features Disposal2: Yes
  • Dining Room Features Kitchen Combination: Yes
  • Kitchen Features Built- In Microwave: Yes
  • Interior Features Ceiling Fan(s)2: Yes
  • Living Room Features Ceiling Fan(s)3: Yes
  • Kitchen Features Trash Compactor2: Yes
  • Living Room Features Dining Room Combination: Yes
  • Kitchen Features Built- In Single Oven: Yes
  • Kitchen Features Gas Cooktop3: Yes

Exterior Features

  • Roof: Composition, Pitched, Shingle
  • Stories: 2
  • View: Desert, Mountain(s), Peek, Valley
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Other Structures: Corral(s), Workshop
  • Construction Materials Wood Siding: Yes
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Has Carport?: No
  • Garage Spaces: 2.0
  • Has Attached Garage?: Yes
  • Parking Features: Garage Door Opener, RV Access/Parking
  • Total Parking Spaces: 2.0
  • Parking Information Garage Y N: Yes
  • Parking Information Garage Spaces: 2.0
  • Parking Information Carport Y N: No
  • Parking Information Parking Total: 2.0
  • Parking Features R V Access Parking: Yes
  • Parking Features Garage Door Opener: Yes

Utilities

  • Utilities: Electricity Available, Internet Available, Phone Available, Water Available, Propane
  • Water Source: Private, Well
  • Laundry Features: Cabinets, Laundry Area
  • Heating: Oil, Radiant Floor
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities Heating Y N3: Yes
  • Utilities Electricity Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Water Available: Yes
  • Utilities Internet Available: Yes
  • Utilities Propane4: Yes
  • Water Source Private6: Yes
  • Water Source Well: Yes
  • Heating Oil: Yes
  • Heating Radiant Floor: Yes
  • Utilities Oil4: Yes

Schools

  • Middle Or Junior School: Shaw Middle School

Lot Info

  • Parcel Number: 07609023
  • Fencing: Partial
  • Lot Size Sq Ft: 13939200.0
  • Zoning: GRA 92%/GR 8%

Tax Info

  • Tax Annual Amount: 1750.16

MLS Schools

  • Elementary School: Spanish Springs
  • HighSchool: Spanish Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2016
Closed on
Dec 6, 2016
Sold by
Scarborough Nancy J and Vanvleck Nancy Van
Bought by
Mortensen Wayne A and Mortensen Jan M
Seller's Agent
Shannon Paton
Dickson Realty - Caughlin
Buyer's Agent
Guy Johnson
Keller Williams Group One Inc.
List Price
$317,000
Sold Price
$280,000
Premium/Discount to List
-$37,000
-11.67%
Current Estimated Value
$936,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$656,083
Avg. Annual Appreciation
14.42%
Original Mortgage
$200,000
Outstanding Balance
$101,774
Interest Rate
3.47%
Mortgage Type
New Conventional
Estimated Equity
$803,644

Purchase Details

Closed on
Apr 1, 2005
Sold by
Ihasz Rick L and Ihasz Olga
Bought by
Simone Gene and Mui Shui San

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,920
Interest Rate
5.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 26, 2001
Sold by
Ihasz Rick L
Bought by
Ihasz Rick L and Ihasz Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,507
Interest Rate
7.15%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 17, 2001
Sold by
Armentrout John A and Armentrout Mickey L
Bought by
Ihasz Rick L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,507
Interest Rate
7.15%
Mortgage Type
Balloon

Purchase Details

Closed on
May 26, 1995
Sold by
Adams Dorothy B
Bought by
Armentrout John A and Armentrout Mickey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.32%

Purchase Details

Closed on
Nov 9, 1993
Sold by
Adams Dorothy B
Bought by
Adams Douglas L and Adams Dorothy B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.91%
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
Mortensen Wayne A $280,000 First Centennial Reno
Simone Gene $300,000 First Centennial Title Co
Ihasz Rick L -- --
Ihasz Rick L -- Founders Title Co
Ihasz Rick L $236,000 Founders Title Co
Armentrout John A $169,500 Stewart Title
Adams Douglas L -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mortensen Wayne A $200,000
Previous Owner Simone Gene $239,920
Previous Owner Ihasz Rick L $0
Previous Owner Ihasz Rick L $185,507
Previous Owner Armentrout John A $120,000
Previous Owner Adams Douglas L $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2016 12/07/16 Sold $280,000 -11.7% $182 / Sq Ft
09/09/2016 09/09/16 Pending -- -- --
07/19/2016 07/19/16 For Sale $317,000 -- $207 / 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 $8,217 $264,574 $44,625 $219,949
2024 $8,217 $276,472 $37,188 $239,284
2023 $5,809 $254,884 $32,933 $221,950
2022 $7,745 $216,110 $33,075 $183,035
2021 $3,786 $110,152 $31,238 $78,914
2020 $1,962 $110,262 $25,725 $84,537
2019 $1,905 $58,996 $22,050 $36,946
2018 $1,849 $58,331 $22,050 $36,281
2017 $1,796 $53,800 $17,273 $36,527
2016 $1,750 $54,411 $17,273 $37,138
2015 $1,310 $55,049 $17,273 $37,776
2014 $1,696 $54,049 $17,273 $36,776
2013 -- $46,494 $17,273 $29,221
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 160010812

Northern Nevada Regional MLS

APN: 076-090-23