Seller's Agent in 2024
Lesley Reilly
Ferrari-Lund R.E. Sparks
(775) 771-1183
1 in this area
31 Total Sales
Estimated Value: $444,866 - $585,000
4
Beds
2
Baths
1,728
Sq Ft
$315/Sq Ft
Est. Value
Highlights
- 4 Car Attached Garage
- Cooling Available
- Partially Fenced Property
- Double Pane Windows
- Landscaped
- Wood Siding
About This Home
As of January 2024Are you searching for a prime investment property that offers both versatility and potential? Look no further! This charming duplex, boasting 2 bedrooms, 1 bathroom, and a convenient 1-car garage, is a fantastic opportunity for investors seeking a promising addition to their portfolio. This well-maintained property consists of two separate units, making it ideal for rental income or multi-family living., Both units are rented. The back unit is rented below market and is month-to-month. The building is set back off the street and the rear unit has a large yard. 1071 Tyler Way was Recently Updated in 2021. Updates include the following: New stainless steel appliances - Refrigerator, range, range hood & dishwasher; New Luxury Vinyl Plank; New garbage disposal; New kitchen faucet; New kitchen knobs & handles; New bathroom vanity & faucet; New blinds.
Last Agent to Sell the Property
Ferrari-Lund R.E. Sparks License #S.195138 Listed on: 10/04/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,538
Year Built
- Built in 1979
Lot Details
- 6,098 Sq Ft Lot
- Partially Fenced Property
- Landscaped
- Front Yard Sprinklers
Home Design
- Frame Construction
- Shingle Roof
- Composition Roof
- Wood Siding
Interior Spaces
- 1,728 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Blinds
- Crawl Space
- Fire and Smoke Detector
Kitchen
- Oven
- Gas Range
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
- Vinyl
Laundry
- Laundry in Hall
- Dryer
- Washer
Parking
- 4 Car Attached Garage
- Garage Door Opener
Schools
- Maxwell Elementary School
- Sparks Middle School
- Sparks High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Separate Meters
- Individual Gas Meter
- Separate Water Meter
- Electric Water Heater
- Internet Available
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for all utilities
- The owner pays for all utilities
- Assessor Parcel Number 02734110
Community Details
Overview
- 2 Units
Building Details
- Vacancy Allowance $1,656
- Net Operating Income $32,479
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 1, 2025
Sold by
Favela Patricia and Favela Manuel
Bought by
Super Burrito Inc
Current Estimated Value
Purchase Details
Listed on
Oct 4, 2023
Closed on
Dec 27, 2023
Sold by
Hughes Family Trust
Bought by
Favela Manuel A and Favela Patricia
Seller's Agent
Lesley Reilly
Ferrari-Lund R.E. Sparks
Buyer's Agent
Reyna Funes
Ferrari-Lund R.E. Sparks
List Price
$580,000
Sold Price
$552,000
Premium/Discount to List
-$28,000
-4.83%
Views
38
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.64%
Purchase Details
Listed on
Oct 4, 2023
Closed on
Dec 26, 2023
Sold by
Favela Minerva Claudia
Bought by
Favela Manuel A
Seller's Agent
Lesley Reilly
Ferrari-Lund R.E. Sparks
Buyer's Agent
Reyna Funes
Ferrari-Lund R.E. Sparks
List Price
$580,000
Sold Price
$552,000
Premium/Discount to List
-$28,000
-4.83%
Views
38
Purchase Details
Closed on
Mar 9, 2022
Sold by
Palmer Shelly L
Bought by
Hughes Family Trust
Purchase Details
Closed on
Jul 18, 2002
Sold by
Palmer James L
Bought by
Palmer Shelly L
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Super Burrito Inc | -- | None Listed On Document | |
| Favela Manuel A | $552,000 | First American Title | |
| Favela Manuel A | -- | First Centennial Title | |
| Hughes Family Trust | $580,000 | First Centennial Title | |
| Palmer Shelly L | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/02/2024 01/02/24 | Sold | $552,000 | +0.4% | $319 / Sq Ft |
| 11/16/2023 11/16/23 | Pending | -- | -- | -- |
| 10/19/2023 10/19/23 | Price Changed | $550,000 | -5.2% | $318 / Sq Ft |
| 10/03/2023 10/03/23 | For Sale | $580,000 | 0.0% | $336 / Sq Ft |
| 09/05/2023 09/05/23 | Rented | $1,400 | 0.0% | -- |
| 08/25/2023 08/25/23 | Price Changed | $1,400 | -6.7% | $2 / Sq Ft |
| 08/10/2023 08/10/23 | For Rent | $1,500 | +7.1% | -- |
| 07/13/2022 07/13/22 | Rented | $1,400 | 0.0% | -- |
| 07/06/2022 07/06/22 | Price Changed | $1,400 | -6.7% | $2 / Sq Ft |
| 06/18/2022 06/18/22 | Price Changed | $1,500 | -11.8% | $2 / Sq Ft |
| 06/06/2022 06/06/22 | For Rent | $1,700 | -- | -- |
Source: Northern Nevada Regional MLS
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 |
|---|---|---|---|---|
| 2026 | -- | $72,203 | $48,125 | $24,078 |
| 2025 | $1,568 | $67,610 | $43,365 | $24,245 |
| 2024 | $1,568 | $66,369 | $40,635 | $25,734 |
| 2023 | $1,523 | $64,721 | $41,510 | $23,211 |
| 2022 | $1,411 | $53,845 | $33,355 | $20,490 |
| 2021 | $1,371 | $48,531 | $27,615 | $20,916 |
| 2020 | $1,290 | $47,956 | $26,530 | $21,426 |
| 2019 | $1,231 | $43,616 | $22,470 | $21,146 |
| 2018 | $1,171 | $36,237 | $15,190 | $21,047 |
| 2017 | $1,127 | $35,232 | $14,000 | $21,232 |
| 2016 | $1,099 | $33,237 | $11,200 | $22,037 |
| 2015 | $288 | $30,872 | $8,050 | $22,822 |
| 2014 | $1,064 | $29,031 | $7,000 | $22,031 |
| 2013 | -- | $28,079 | $6,160 | $21,919 |
Source: Public Records
Agents Affiliated with this Home
-
Lesley Reilly
-
Reyna Funes
Buyer's Agent in 2024
Reyna Funes
Ferrari-Lund R.E. Sparks
(775) 232-6727
2 in this area
41 Total Sales
-
Valeri Fye
Seller's Agent in 2023
Valeri Fye
Ferrari-Lund Real Estate Reno
(775) 997-9684
23 Total Sales
Source: Northern Nevada Regional MLS
MLS Number: 230011657
APN: 027-341-10
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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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