NOT LISTED FOR SALE

Estimated Value: $491,000 - $695,000

4 Beds
3 Baths
1,990 Sq Ft
$300/Sq Ft Est. Value

Last Sold April 09, 2024

Last sale price $683,100 $343 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $3,334/month

190 Days on Market

Highlights

  • Double Pane Windows
  • Brick or Stone Mason
  • Drip System Landscaping
  • Reno High School Rated A
  • Cooling System Mounted To A Wall/Window
  • Smart Thermostat

About This Home

As of April 2024

Investor alert! Fully leased 3 plex in high demand rental area just a few blocks from UNR. Updates since 2019 include new kitchens & bathrooms, new cabinetry & countertops, new vinyl plank & carpet flooring, interior & exterior paint, Pella windows, updated electrical & plumbing, sewer line, new mini split AC & heat in all rooms & living areas, new appliances & laundry in all units, new front porch & landscaping. 7.2% cap rate. Please do not disturb tenants., All units are currently leased. Layout is a 2 bedroom, 2 bathroom unit on the main floor of the main house. A 2 bedroom 1.5 bathroom in the basement of the main house, and a studio in the east facing stand alone.

Last Agent to Sell the Property

Jeffrey Haas

ERA - Realty Central License #B.144390 Listed on: 09/06/2023

Last Buyer's Agent

Chris Sieben

RE/MAX Professionals-Carson License #S.0179059

RE/MAX Professionals-Carson

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $937

Year Built

  • Built in 1924

Lot Details

  • 5,663 Sq Ft Lot
  • Partially Fenced Property
  • Drip System Landscaping
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

Parking

  • 2 Parking Spaces

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Masonite
  • Masonry

Interior Spaces

  • 1,990 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Low Emissivity Windows
  • Carpet
  • Crawl Space

Kitchen

  • Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Home Security

  • Smart Thermostat
  • Fire and Smoke Detector

Schools

  • Peavine Elementary School
  • Clayton Middle School
  • Reno High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Master Meter
  • Gas Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 00737403

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • The community has rules related to covenants, conditions, and restrictions

Building Details

  • Net Operating Income $57,333

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$937

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Year Built: 1924
  • Property Type: Residential Income
  • Lot Features: Landscaped, Other
  • Lot Size Acres: 0.13
  • Road Frontage Type: Public
  • Security Features: Smoke Detector(s)
  • Co List Office Mls Id: 414-o
  • Co List Office Phone: 775-685-2372
  • Directions: Bon Rea Way
  • Has Cooling?: Yes
  • Tax Legal Zoning4: Mf14
  • Building Stories5: 1
  • Construction Materials Masonite: Yes
  • Lot Features Landscaped: Yes
  • Cooling Electric: Yes
  • Foundation Details Slab: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Sprinklers Front: Yes
  • Sprinklers Rear: Yes
  • Appliances Dishwasher: Yes
  • Appliances Disposal: Yes
  • Appliances Dryer: Yes
  • Appliances Washer: Yes
  • Security Features Smoke Detector(s): Yes
  • Appliances Microwave: Yes
  • Fencing Partial2: Yes
  • Water Heater Gas5: Yes
  • Sprinklers Automatic: Yes
  • Construction Materials Brick: Yes
  • Tax Legal Elementary School2: Peavine
  • Tax Legal High School2: Reno
  • Lot Lot Size Acres4: 0.13
  • Lot Lot Size Square Feet4: 5662.8
  • Appliances Oven: Yes
  • Appliances Gas Range: Yes
  • Foundation Details Crawl Space2: Yes
  • Tax Legal Tax Annual Amount3: 937.48
  • Sprinklers Drip System: Yes
  • Typeof Construction Masonry5: Yes
  • Incomeand Expenses Net Operating Income: 57332.83
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 2.0
  • Building Number Of Units Total5: 3.0
  • Special Information Onsite Management Y N: No
  • Meter Information Separate Meters Y N: No
  • Meter Information Separate Electric Meters Y N: No
  • Meter Information Separate Gas Meters Y N: No
  • Meter Information Separate Water Meters Y N: No
  • Meter Information Separate Water Heaters Y N: No
  • Meter Information One Primary Electric Meter Y N: Yes
  • Meter Information One Primary Gas Meter Y N: Yes
  • Meter Information One Primary Water Meter Y N: Yes
  • Tax Legal Middleor Junior School: Clayton
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Oven, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
  • Flooring: Carpet
  • Number Of Buildings: 2
  • Interior Amenities: Smart Thermostat
  • Window Features: Double Pane Windows, Low-Emissivity Windows
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Low- Emissivity Windows: Yes
  • Cooling Wall Window Unit(s): Yes
  • Interior Building Area Total3: 1990.0
  • Interior Features Smart Thermostat: Yes

Exterior Features

  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • Construction Type: Brick, Masonite
  • Foundation Details: Slab, Crawl Space
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Varies by Unit
  • Total Parking Spaces: 2.0
  • Parking Information Parking Total4: 2.0

Utilities

  • Utilities: Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed
  • Water Source: Public
  • Laundry Features: Varies By Unit
  • Cooling: Electric, Wall/Window Unit(s)
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Water Meter Installed: Yes
  • Utilities Internet Available: Yes
  • Water Source Public: Yes
  • Heating Electric4: Yes
  • Utilities Heating Y N5: Yes
  • Utilities Cooling Y N5: Yes

Schools

  • Middle Or Junior School: Clayton

Lot Info

  • Parcel Number: 00737403
  • Fencing: Partial
  • Lot Size Sq Ft: 5662.8
  • Zoning: Mf14

Multi Family

  • Gross Scheduled Income: 67800.0
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 937.48

MLS Schools

  • Elementary School: Peavine
  • HighSchool: Reno

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Apr 4, 2024
Sold by
Troy Schneider Revocable Trust and Schneider Troy
Bought by
Criquet Mary J
Seller's Agent
Jeffrey Haas
ERA - Realty Central
Buyer's Agent
Chris Sieben
RE/MAX Professionals-Carson
List Price
$1,150,000
Sold Price
$683,100
Premium/Discount to List
-$466,900
-40.6%
Views
270
Current Estimated Value
$596,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$86,692
Avg. Annual Appreciation
-4.70%

Purchase Details

Closed on
Aug 27, 2019
Sold by
Rowe Jeffrey
Bought by
Schneider Troy and Troy Schneider Revocable Trust

Purchase Details

Listed on
Aug 24, 2016
Closed on
Oct 10, 2016
Sold by
Rowe Kristin M
Bought by
Rowe Jeffrey
Seller's Agent
Joseph Wieczorek
Dickson Realty - Downtown
Buyer's Agent
Joseph Wieczorek
Dickson Realty - Downtown
List Price
$240,000
Sold Price
$240,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.70%

Purchase Details

Closed on
Apr 9, 2014
Sold by
Graffam Rachel and Balvin Rachel A
Bought by
Graffam Daniel and Graffam Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2003
Sold by
Balvin Rachel A
Bought by
Balvin Rachel A and Balvin Jane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
6.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 9, 2003
Sold by
Adams Gregory B and Adams Mary J
Bought by
Balvin Rachel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
6.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 30, 1996
Sold by
Herring Donna Marie
Bought by
Harsin Martin W and Harsin Colleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,978
Interest Rate
8.32%
Mortgage Type
FHA
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
Criquet Mary J $683,500 First Centennial Title
Schneider Troy $270,000 First Centennial Reno
Rowe Jeffrey -- Ticor Title Reno
Graffam Daniel -- None Available
Balvin Rachel A $440,066 Stewart Title Of Northern Nv
Balvin Rachel A -- Stewart Title Of Northern Nv
Harsin Martin W $100,000 First American Title Co
Herring Donna Marie -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Graffam Daniel $169,000
Previous Owner Balvin Rachel A $195,000
Previous Owner Balvin Rachel A $26,000
Previous Owner Balvin Rachel A $128,800
Previous Owner Harsin Martin W $98,978
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2024 04/09/24 Sold $683,100 -8.9% $343 / Sq Ft
03/13/2024 03/13/24 Pending -- -- --
03/11/2024 03/11/24 Price Changed $750,000 -6.0% $377 / Sq Ft
03/04/2024 03/04/24 Price Changed $798,000 -6.8% $401 / Sq Ft
02/17/2024 02/17/24 Price Changed $856,000 -4.4% $430 / Sq Ft
02/06/2024 02/06/24 Price Changed $895,000 -1.6% $450 / Sq Ft
01/27/2024 01/27/24 Price Changed $910,000 -1.6% $457 / Sq Ft
10/18/2023 10/18/23 Price Changed $925,000 -6.8% $465 / Sq Ft
09/22/2023 09/22/23 Price Changed $993,000 -13.7% $499 / Sq Ft
09/05/2023 09/05/23 For Sale $1,150,000 0.0% $578 / Sq Ft
08/17/2021 08/17/21 Rented $1,625 0.0% --
08/16/2021 08/16/21 For Rent $1,625 0.0% --
10/14/2016 10/14/16 Sold $240,000 0.0% $121 / Sq Ft
08/24/2016 08/24/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $240,000 -- $121 / 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 $1,012 $78,449 $41,545 $36,904
2024 $1,012 $58,825 $41,195 $17,630
2023 $937 $56,302 $40,005 $16,297
2022 $869 $45,177 $31,500 $13,677
2021 $805 $34,236 $21,490 $12,746
2020 $756 $33,857 $21,000 $12,857
2019 $721 $33,153 $21,000 $12,153
2018 $687 $26,430 $14,875 $11,555
2017 $661 $24,312 $12,705 $11,607
2016 $650 $23,988 $12,600 $11,388
2015 $645 $20,769 $9,450 $11,319
2014 $624 $18,789 $7,980 $10,809
2013 -- $16,384 $5,880 $10,504
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 230010413

Northern Nevada Regional MLS

APN: 007-374-03