Seller's Agent in 2023
Donal Minihan
RE/MAX
(775) 870-5209
3 in this area
75 Total Sales
470 Timothy Way Fallon, NV 89406
6
Beds
3
Baths
2,592
Sq Ft
6,098
Sq Ft Lot
Highlights
- Double Pane Windows
- Forced Air Heating System
- Carpet
- Landscaped
- Wood Siding
About This Home
As of April 2023Turnkey cash flowing triplex in Fallon. Each unit is spacious with 2 bed 1 bath and 864 sq ft. Open plan dining and living rooms. Galley kitchen with ample cabinet space, range, dishwasher and refrigerator. Each dining area has direct access to private yards or balcony. Spacious bedrooms with ample closet space. Bathrooms are spacious with single vanity, shower over tub with fiberglass shower surrounds and laundry hookups. The proforma CAP rate is 6.4%.
Last Agent to Sell the Property
RE/MAX Professionals-Reno License #S.174259 Listed on: 10/11/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,535
Year Built
- Built in 1987
Lot Details
- 6,098 Sq Ft Lot
- Back Yard Fenced
- Landscaped
Home Design
- Frame Construction
- Pitched Roof
- Shingle Roof
- Composition Roof
- Wood Siding
Interior Spaces
- 2,592 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Blinds
- Aluminum Window Frames
- Crawl Space
Kitchen
- Oven
- Gas Range
Flooring
- Carpet
- Laminate
Laundry
- Laundry in unit
- Washer Hookup
Parking
- 3 Parking Spaces
- Common or Shared Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Separate Meters
- Master Meter
- Individual Gas Meter
- Gas Water Heater
- Internet Available
Listing and Financial Details
- Tenant pays for all utilities
- The owner pays for all utilities
- Assessor Parcel Number 00101162
Community Details
Overview
- 3 Units
Building Details
- Vacancy Allowance $1,728
- Net Operating Income $32,194
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2023 04/27/23 | Sold | $475,000 | -3.1% | $183 / Sq Ft |
| 03/23/2023 03/23/23 | Pending | -- | -- | -- |
| 10/10/2022 10/10/22 | For Sale | $490,000 | -- | $189 / Sq Ft |
Source: Northern Nevada Regional MLS
Tax History Compared to Growth
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 | $1,938 | $70,273 | $22,400 | $47,873 |
| 2024 | $1,938 | $72,483 | $22,400 | $50,083 |
| 2023 | $1,938 | $66,943 | $22,400 | $44,543 |
| 2022 | $1,659 | $50,257 | $9,800 | $40,457 |
| 2021 | $1,535 | $49,904 | $9,800 | $40,104 |
| 2020 | $1,477 | $50,554 | $9,800 | $40,754 |
| 2019 | $1,427 | $50,141 | $9,800 | $40,341 |
| 2018 | $1,385 | $49,521 | $9,800 | $39,721 |
| 2017 | $1,330 | $49,610 | $9,800 | $39,810 |
| 2016 | $1,297 | $38,999 | $9,800 | $29,199 |
| 2015 | $1,269 | $35,170 | $9,800 | $25,370 |
| 2014 | $1,238 | $32,175 | $9,800 | $22,375 |
Source: Public Records
Agents Affiliated with this Home
-
Donal Minihan
-
Brent Vaulet
Seller Co-Listing Agent in 2023
Brent Vaulet
RE/MAX
(775) 527-0031
6 in this area
300 Total Sales
-
Devin Murphy
Buyer's Agent in 2023
Devin Murphy
Dickson Realty - Gardnerville
(775) 450-7599
1 in this area
82 Total Sales
Map
Source: Northern Nevada Regional MLS
MLS Number: 220014884
APN: 001-011-62
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