$37,800
SOLD FEB 17, 2016

695 Magnolia Way Reno, NV 89506

0.21 Acre
$180,000 Price per Acre
9,148 Sq Ft Lot

Recently Sold

$33 Per Sq Ft

10% Below List Price

1 Day on Market

About This Lot

As of July 2019

Great positive cash flow, rental property! Tenant willing to stay on month-to-month rental agreement. Mobile home/modular unit is personal property and belongs to tenant. Tenant pays electric, water, gas, garbage, and sewer. This property requires very little maintenance, just collect the rent. Property is free and clear, great positive cash flow. This is one of eight (8) similar mobile home lots, currently tenant occupied, owned by seller., Owner will sell lots individually or as a package. Please drive by only, do not disturb tenants. Make offers subject to inspection. Property sold prior to listing. DO NOT SHOW!

Last Agent to Sell the Property

Lornie Wagner

Ferrari-Lund Real Estate Reno License #S.3226 Listed on: 01/29/2016

Ferrari-Lund Real Estate Reno

Last Buyer's Agent

Karen Walker-Hill

Ferrari-Lund Real Estate Reno License #S.14934

Ferrari-Lund Real Estate Reno

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $183

Lot Details

  • 9,148 Sq Ft Lot
  • Property fronts an easement
  • Level Lot
  • Property is zoned MDS

Schools

  • Lemmon Valley Elementary School
  • Obrien Middle School
  • North Valleys High School

Community Details

  • No Home Owners Association
  • The community has rules related to covenants, conditions, and restrictions, deed restrictions

Listing and Financial Details

  • Assessor Parcel Number 08049702

Property Details

Property Type

Land

Est. Annual Taxes

$183

Lot Details

0

Listing Details

  • Property Type: Land
  • Horses: No
  • Lot Features: Level
  • Lot Size Acres: 0.21
  • Road Frontage Type: Other, Public Access
  • Road Surface Type: Paved
  • Has H O A?: No
  • Co List Office Mls Id: 643-o
  • Co List Office Phone: 775-688-4000
  • Directions: Fleetwood Drive
  • Tax Legal Zoning4: MDS
  • Lot Features Level: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Water Rights Water Rights Y N: No
  • Tax Legal Elementary School2: Lemmon Valley
  • Tax Legal High School2: North Valleys
  • Tax Legal Tax Annual Amount3: 183.0
  • Tax Legal Middleor Junior School3: OBrien
  • Association Community Association Y N: No
  • Lot Lot Size Acres: 0.21
  • Lot Horse Y N4: No
  • Land Details Crops Included Y N: No
  • Land Details Deed Restrictions: Yes
  • Land Details Utility Easement Y N: Yes
  • Development Status Raw Land: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public
  • Sewer: Public Sewer
  • Utilities Electricity Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Water Source Public: Yes

Schools

  • Middle Or Junior School: OBrien

Lot Info

  • Parcel Number: 08049702
  • Fencing: None
  • Development Status: Raw Land
  • Lot Size Sq Ft: 9147.6
  • Crops Included: No
  • Zoning: MDS

Tax Info

  • Tax Annual Amount: 183.0

MLS Schools

  • Elementary School: Lemmon Valley
  • HighSchool: North Valleys

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2019
Closed on
Jul 29, 2019
Sold by
Albiniano Timothy T and Albiniano Diana A
Bought by
Valles Kellen Brice and Valles Savannah Christy
Seller's Agent
Karen Walker-Hill
Ferrari-Lund Real Estate Reno
Buyer's Agent
Sonya Green
Solid Source Realty
List Price
$220,000
Sold Price
$212,000
Premium/Discount to List
-$8,000
-3.64%
Current Estimated Value
$320,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,000
Avg. Annual Appreciation
7.04%
Original Mortgage
$6,497
Outstanding Balance
$5,739
Interest Rate
3.7%
Mortgage Type
Stand Alone Second
Estimated Equity
$316,261

Purchase Details

Closed on
Nov 13, 2018
Sold by
Hoem Renew Llc
Bought by
In God We Trust

Purchase Details

Listed on
Jan 29, 2016
Closed on
Feb 12, 2016
Sold by
Wilhoite Properties Llc
Bought by
Home Renew Llc
Seller's Agent
Lornie Wagner
Ferrari-Lund Real Estate Reno
Buyer's Agent
Karen Walker-Hill
Ferrari-Lund Real Estate Reno
List Price
$42,000
Sold Price
$37,800
Premium/Discount to List
-$4,200
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.03%
Original Mortgage
$34,020
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 2015
Sold by
Piccinini Vicki L
Bought by
Wilhoite Properties Llc

Purchase Details

Closed on
Oct 14, 2015
Sold by
Piccinni Vicki
Bought by
Piccinni Vicki L

Purchase Details

Closed on
Oct 6, 2006
Sold by
Wilhoite Donald S
Bought by
Wilhoite Donald S and The Donald S Wilhoite Trust

Purchase Details

Closed on
Mar 14, 1997
Sold by
Earles Carl E and Earles Antje C
Bought by
Wilhoite Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,000
Interest Rate
7.9%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Bargain Sale Deed $212,000 First Centennial Reno
Bargain Sale Deed -- None Available
Bargain Sale Deed $37,800 First Centennial Reno
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Deed $40,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,497 Stand Alone Second
Open $216,558 VA
Previous Owner $40,000 Unknown
Previous Owner $34,020 Commercial
Previous Owner $23,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2019 07/31/19 Sold $212,000 -3.6% $184 / Sq Ft
04/28/2019 04/28/19 Pending -- -- --
04/19/2019 04/19/19 For Sale $220,000 +482.0% $191 / Sq Ft
02/17/2016 02/17/16 Sold $37,800 -10.0% $33 / Sq Ft
01/30/2016 01/30/16 Pending -- -- --
01/29/2016 01/29/16 For Sale $42,000 -- $36 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 160001087

Northern Nevada Regional MLS