Estimated payment $29,641/month
Total Views
4,136
3
Beds
2
Baths
1,100
Sq Ft
$4,818
Price per Sq Ft
About This Home
The *875-acre* Palomino Farms stands as a cherished agricultural hallmark of the Palomino Valley. It is located just a 8-minute drive to Sparks, NV and a 30-minute drive to Reno, NV, one of the fastest-growing metropolitan regions in the United Farms is a multifaceted and innovative farm with high-quality alfalfa and alfalfa orchard grass mix production at its heart. 220.60 irrigated acres under one Zimmatic and one Valley pivot, coupled with 46.25 acres under wheel line irrigation, produces approximately 4.2 to 5.25 tons per acre of high-quality alfalfa. The crop is bolstered by 1,266 + acre feet of underground water rights, two 600+ ft. ag wells, and two 150 HP pumps for each. Additionally, there are approximately 450 acres of rangeland to Farms has been on the cutting edge of innovative and sustainable water solutions in an ever-changing world through OneWater Nevada Initiative, a collaboration with the University of Nevada, Reno, City of Reno, City of Sparks, Washoe County, and the Truckee Meadows Water Authority. This promising initiative would pipe recycled water from nearby northern Nevada urban communities, significantly reducing the need for groundwater pumping on the farm. Additionally, extensive research and testing have confirmed an opportunity for a massive volume of Truckee River water to be stored in a large underground aquifer beneath Palomino Sweet Home is a comfortable 1,100 sq. ft. updated three-bedroom, two-bath home with a lawn. It includes a large kitchen with stainless steel appliances and a cozy living room. Ranch infrastructure includes a pole hay barn, equipment shed, shop, and is extremely rare to find such a productive alfalfa farm with enviable water rights and buildable lots in Washoe County. Discover the endless opportunities with Palomino Farms! PROPERTY HIGHLIGHTS: Investment Opportunity!*875-acre* agricultural property in Palomino Valley, NV8-minute drive to Sparks & 30-minute drive from RenoHigh-quality alfalfa and grass hay production220.60 irrigated acres under center-pivot irrigation46.25 irrigated acres under wheel line & mainline irrigationApproximately 3.55 to 4.3 ton per acre of alfalfa yield1,266+ acre-feet of underground water rightsTwo 600+ ft. agricultural wells450 acres of rangelandParticipation in the OneWater Nevada InitiativePotential for recycled water from Northern NV urban communities to be used for irrigationReduced reliance on groundwater pumping1,100 sq. ft. 3-bedroom, 2-bathroom homePole hay barn, equipment shed, shop, and outbuildingsProductive alfalfa farm with valuable water rightsPotential for development in Washoe County
Outdoor Nevada
Listed on: 06/18/2025
Listing Provided By
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,420
Lot Details
- Current uses include row crop, orchard
- Potential uses include for development, orchard
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Map
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Home Values in the Area
Average Home Value in this Area
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 | $3,420 | $108,294 | $29,707 | $78,587 |
| 2024 | $3,420 | $107,540 | $27,348 | $80,192 |
| 2023 | $0 | $98,630 | $24,129 | $74,500 |
| 2022 | $3,075 | $86,001 | $21,882 | $64,119 |
| 2021 | $2,847 | $83,574 | $20,405 | $63,169 |
| 2020 | $2,764 | $81,805 | $17,809 | $63,996 |
| 2019 | $2,632 | $82,073 | $17,852 | $64,221 |
| 2018 | $2,556 | $81,138 | $18,173 | $62,965 |
| 2017 | $2,453 | $78,282 | $13,844 | $64,438 |
| 2016 | $2,391 | $77,250 | $10,547 | $66,703 |
| 2015 | $1,193 | $67,711 | $9,617 | $58,094 |
| 2014 | $2,312 | $67,021 | $9,186 | $57,835 |
| 2013 | -- | $67,162 | $9,027 | $58,135 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/02/2024 12/02/24 | For Sale | $6,399,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $4,400,000 | First Centennial Reno | |
| Trustee Deed | $600,000 | Western Title Inc Ridge | |
| Bargain Sale Deed | $4,274,500 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $3,899,500 | Seller Take Back |
Source: Public Records
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