NOT LISTED FOR SALE

401-413 Timothy Way Fallon, NV 89406

Fallon Area
8 Beds
4 Baths
3,456 Sq Ft
7,841 Sq Ft Lot

Sale Details

Date Sold: August 29, 2022

Last sale price $630,000 $182 Per Sq Ft

25 Days on Market

Highlights

  • Double Pane Windows
  • Refrigerated and Evaporative Cooling System
  • Wood Siding
  • Brick or Stone Mason
  • Partially Fenced Property
  • Carpet

About This Home

As of August 2022

Great investment property with 4 - 2 bedroom, 1 bath units with washer and dryer hook-ups. Has had recent updating with carpet, vinyl and paint in various units. 100% occupied with leases. Close to NAS Falln and USA Parkway. 24 hour notice required to show.

Last Agent to Sell the Property

Michelle Wallace

Wallace Realty License #S.2936 Listed on: 07/09/2022

Last Buyer's Agent

Lauren Vogel

Rogne Realty, LTD. License #B.146573

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,631

Year Built

  • Built in 1986

Lot Details

  • 7,841 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,456 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Blinds
  • Fire and Smoke Detector
  • Laundry in unit

Kitchen

  • Oven
  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Common or Shared Parking

Schools

  • E.C. Best Elementary School
  • Churchill Middle School
  • Churchill High School

Utilities

  • Refrigerated and Evaporative Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Master Meter
  • Individual Gas Meter
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for all utilities
  • Assessor Parcel Number 001-011-39

Community Details

Overview

  • 4 Units
  • Fallon Community
  • The community has rules related to covenants, conditions, and restrictions

Building Details

  • Net Operating Income $41,307

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,631

Year Built

Built in 1986

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Year Built: 1986
  • Property Type: Residential Income
  • Lot Size Acres: 0.18
  • Road Frontage Type: Public
  • Security Features: Smoke Detector(s)
  • Co List Office Mls Id: 627500169-o
  • Co List Office Phone: 775-423-2131
  • Directions: Keddie
  • Has Cooling?: Yes
  • Tax Legal Zoning4: RC
  • Building Stories5: 1
  • Cooling Evaporative Cooling: Yes
  • Foundation Details Slab: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Appliances Dishwasher: Yes
  • Appliances Disposal: Yes
  • Security Features Smoke Detector(s): Yes
  • Fencing Partial2: Yes
  • Water Heater Gas5: Yes
  • Construction Materials Brick: Yes
  • Construction Materials Frame: Yes
  • Tax Legal Elementary School2: E.C. Best
  • Tax Legal High School2: Churchill
  • Lot Lot Size Acres4: 0.18
  • Lot Lot Size Square Feet4: 7840.8
  • Appliances Oven: Yes
  • Appliances Gas Range: Yes
  • Tax Legal Tax Annual Amount3: 1631.19
  • Incomeand Expenses Net Operating Income: 41307.0
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 1.0
  • 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: 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: Churchill
  • Tax Legal Community Name5: Fallon
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Oven, Dishwasher, Disposal, Gas Range, Refrigerator
  • Flooring: Carpet, Vinyl
  • Number Of Buildings: 1
  • Owner Pays: All Utilities
  • Window Features: Blinds, Double Pane Windows
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Blinds: Yes
  • Flooring Vinyl: Yes
  • Interior Building Area Total3: 3456.0
  • Laundry Features In Unit: Yes

Exterior Features

  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • Construction Type: Brick, Frame, Wood Siding
  • Foundation Details: Slab
  • Construction Materials Wood Siding: Yes
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Common
  • Total Parking Spaces: 8.0
  • Parking Information Parking Total4: 8.0
  • Parking Features Common: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: In Unit
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas
  • 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
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Utilities Heating Y N5: Yes
  • Utilities Cooling Y N5: Yes
  • Owner Pays All Utilities: Yes

Schools

  • Middle Or Junior School: Churchill

Lot Info

  • Parcel Number: 001-011-39
  • Fencing: Partial
  • Lot Size Sq Ft: 7840.8
  • Zoning: RC

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 48300.0
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1631.19

MLS Schools

  • Elementary School: E.C. Best
  • HighSchool: Churchill

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2022
Closed on
Aug 27, 2022
Sold by
Bought by
Seller's Agent
Michelle Wallace
Wallace Realty
Buyer's Agent
Lauren Vogel
Rogne Realty, LTD.
List Price
$675,000
Sold Price
$630,000
Premium/Discount to List
-$45,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,465
Outstanding Balance
$563,204
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 9, 2022
Closed on
Aug 17, 2022
Sold by
Bought by
Seller's Agent
Michelle Wallace
Wallace Realty
Buyer's Agent
Lauren Vogel
Rogne Realty, LTD.
List Price
$675,000
Sold Price
$630,000
Premium/Discount to List
-$45,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,465
Outstanding Balance
$563,204
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 1, 2022
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Western Nevada Title Agency
$630,000 Western Nevada Title Agency
-- None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $608,465
Closed $608,465
Closed $608,465
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/29/2022 08/29/22 Sold $630,000 -1.6% $182 / Sq Ft
08/02/2022 08/02/22 Pending -- -- --
07/26/2022 07/26/22 Price Changed $640,000 -5.2% $185 / Sq Ft
07/08/2022 07/08/22 For Sale $675,000 -- $195 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,631 $73,382 $22,400 $50,982
2025 $2,059 $72,900 $22,400 $50,500
2024 $2,059 $75,434 $22,400 $53,034
2023 $2,059 $69,675 $22,400 $47,275
2022 $1,763 $54,169 $11,200 $42,969
2021 $1,631 $53,829 $11,200 $42,629
2020 $1,570 $55,028 $11,200 $43,828
2019 $1,525 $54,594 $11,200 $43,394
2018 $1,481 $53,879 $11,200 $42,679
2017 $1,437 $53,891 $11,200 $42,691
2016 $1,402 $42,723 $11,200 $31,523
2015 $1,372 $38,573 $11,200 $27,373
2014 $1,338 $35,365 $11,200 $24,165
Source: Public Records

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Map

Source: Northern Nevada Regional MLS

MLS Number: 220010330

Northern Nevada Regional MLS
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