Jim Forbus
Mission Realty NV, LLC
(775) 414-6896
64 Total Sales
1 in Fallon
$489,000 Price
470 Timothy Way Fallon, NV 89406
Fallon Area
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
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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
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
Closed on
Feb 12, 2025
Sold by
Bought by
Purchase Details
Listed on
Oct 11, 2022
Closed on
Apr 21, 2023
Sold by
Bought by
Seller's Agent
Donal Minihan
RE/MAX Professionals-Reno
Buyer's Agent
Devin Murphy
Dickson Realty - Gardnerville
List Price
$490,000
Sold Price
$475,000
Premium/Discount to List
-$15,000
-3.06%
Views
172
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 26, 2021
Sold by
Bought by
Purchase Details
Closed on
Jun 28, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 13, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,900
Interest Rate
4.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 27, 2017
Sold by
Bought by
Purchase Details
Closed on
Jun 7, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
3.66%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 23, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.53%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 21, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.53%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Fallon, NV
-
Jim Forbus
-
Leslie Beach
Leslie Beach
Responds QuicklyRE/MAX Connection
(775) 618-0329
53 Total Sales
21 in Fallon
$27K - $410K Price Range
-
Theresa Thomson
Theresa Thomson
Sierra Nevada Properties-Reno
(775) 227-6965
108 Total Sales
1 in Fallon
$336,000 Price
-
William Mariani
William Mariani
NextHome Sierra Realty
(775) 451-3827
70 Total Sales
3 in Fallon
$245K - $280K Price Range
-
Kate Leddy-Tate
Kate Leddy-Tate
Sierra Sotheby's International
(925) 886-2744
17 Total Sales
1 in Fallon
$195,000 Price
-
Katie Gillespie
Katie Gillespie
eXp Realty
(775) 451-2521
286 Total Sales
9 in Fallon
$195K - $615K Price Range
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 |
|---|---|---|---|
| -- | Stewart Title | ||
| $475,000 | First Centennial Title | ||
| -- | Western Nevada Title Company | ||
| -- | Western Nevada Title Company | ||
| $425,000 | Western Nevada Title Company | ||
| $50,000 | Western Nevada Title Co | ||
| -- | None Available | ||
| $128,000 | Western Nevada Title Company | ||
| $285,000 | Accommodation | ||
| $285,000 | Western Nevada Title Company |
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 |
|---|---|---|---|
| Previous Owner | $200,000 | ||
| Previous Owner | $318,750 | ||
| Previous Owner | $130,900 | ||
| Previous Owner | $128,000 | ||
| Previous Owner | $228,000 |
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 |
|---|---|---|---|---|
| 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
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 | $1,566 | $70,478 | $22,400 | $48,078 |
| 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
Seller's Agent in 2023
Donal Minihan
RE/MAX
(775) 870-5209
82 Total Sales
-
Brent Vaulet
Seller Co-Listing Agent in 2023
Brent Vaulet
RE/MAX
(775) 527-0031
287 Total Sales
-
Devin Murphy
Buyer's Agent in 2023
Devin Murphy
Dickson Realty - Gardnerville
(775) 450-7599
82 Total Sales
Map
Source: Northern Nevada Regional MLS
MLS Number: 220014884
APN: 001-011-62
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The content relating to real estate for sale on this web site comes in part from the Broker Reciprocity/ IDX program of the Northern Nevada Regional Multiple Listing Service°. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo and detailed information about those listings includes the name of the listing brokerage. Any use of the content other than by a search performed by a consumer looking to purchase or rent real estate is prohibited. © 2026 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved.
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