470 Timothy Way

Closed 4/27/23

Last Sold Price

$475,000

6 beds3 baths2,592 sqft$183/sqft

470 Timothy Way, Fallon, NV 89406

Description

Turnkey 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%.Turnkey 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%.

LISTING CLOSED: 04/27/2023 12:00 AM

Listed by Donal Minihan • RE/MAX Professionals-Reno
P: (775)-800-3809 donal@pmpro.info
Listed by Brent Vaulet • RE/MAX Professionals-Reno
P: (775)-527-0031 brent@vaulethomes.com

Property Details for 470 Timothy Way

Status

Closed

MLS #

220014884

Days on Compass

199

Taxes

$1,535 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Residential Income

Year Built

1987

Lot Size

0.14 AC / 6,098 SF

County

Churchill County

Zoning

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Location

Listing Courtesy of RE/MAX Professionals-Reno, Donal Minihan, License #S.174259; RE/MAX Professionals-Reno, Brent Vaulet, License #S.179290

Sold By Dickson Realty - Gardnerville, Devin Murphy, License #BS.146179

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Building Information for 470 Timothy Way

Stories2Residences3Year Built1987Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

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$2,542 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,414

Property Taxes

$128

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 470 Timothy Way

Summary

Location and General Information

Directions: Quail Way/Timothy Way
Address:Parcel Number: 00101162

Taxes and HOA

Association Fee: $0
Tax Annual Amount: $1,535

Tax Legal:Tax Annual Amount: $1,535
Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
Tax Legal:Zoning: C1
Tax Legal:Directions: Quail Way/Timothy Way
AssociationCommunity:Number Of Buildings: 1.0

Parking

Attached Garage YN: No
Parking Features: Common

Parking Total: 3.0
Parking Information:Parking Total: 3.0
Parking Features:Common: Yes

Property

Lot Information

Lot Features: Landscaped
Lot Size Acres: 0.14

Lot Size Area: 0.14
Lot Size Square Feet: 6098.4
Lot Size Units: Acres
Water Source: Public
Building Area Total: 2592.0
Lot:Lot Size Acres: 0.14
Lot:Lot Size Square Feet: 6098.4
Lot Features:Landscaped: Yes

Property and Assessments

Parcel Number: 00101162
Possession: Close Of Escrow

Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Property Type: Residential Income
Year Built: 1987
Number Of Buildings: 1
Possession:Close Of Escrow: Yes
Road Frontage Type:Public: Yes
Road Responsibility:Public Maintained Road: Yes

Utilities

Sewer: Public Sewer
Utilities: Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed

Utilities:Heating YN: Yes
Utilities:Electricity Available: Yes
Utilities:Internet Available: Yes
Utilities:Natural Gas Available: Yes
Utilities:Sewer Available: Yes
Utilities:Water Available: Yes
Utilities:Cellular Coverage: Yes
Utilities:Water Meter Installed: Yes
Sewer:Public Sewer: Yes
Water Heater:Gas: Yes
Water Source:Public: Yes
Meter Information:Separate Meters YN: Yes
Meter Information:Separate Electric Meters YN: Yes
Meter Information:Separate Gas Meters YN: Yes
Meter Information:Separate Water Meters YN: No
Meter Information:Separate Water Heaters YN: Yes
Meter Information:One Primary Electric Meter YN: No
Meter Information:One Primary Gas Meter YN: No
Meter Information:One Primary Water Meter YN: Yes

Interior and Exterior Features

Exterior Features

Stories: 2
Construction Materials: Frame, Wood Siding

Fencing: Back Yard
Foundation Details: Crawl Space
Other Equipment: Varies By Unit
Roof: Composition, Pitched, Shingle
Window Features: Blinds, Double Pane Windows, Metal Frames
Building:Number Of Units Total: 3.0
Building:Stories: 2.0
Construction Materials:Frame: Yes
Construction Materials:Wood Siding: Yes
Fencing:Back Yard: Yes
Foundation Details:Crawl Space: Yes
Other Equipment:Varies By Unit: Yes
Roof:Composition: Yes
Roof:Pitched: Yes
Roof:Shingle: Yes
Sprinklers:None: Yes
Window Features:Blinds: Yes
Window Features:Double Pane Windows: Yes
Window Features:Metal Frames: Yes

Interior Features

Flooring: Carpet, Laminate, Varies
Heating: Forced Air, Natural Gas

Heating YN: Yes
Laundry Features: In Unit, Washer Hookup
Bathrooms Total Integer: 0
Bathrooms Total Decimal: 0.0
Bathrooms Total Notational: 0.0
Appliances: Oven, Gas Range, Refrigerator
Interior:Building Area Total: 2592.0
Interior:Building Area Source: Assessor
Flooring:Carpet: Yes
Flooring:Laminate: Yes
Flooring:Varies: Yes
Heating:Forced Air: Yes
Heating:Natural Gas: Yes
Appliances:Gas Range: Yes
Appliances:Oven: Yes
Appliances:Refrigerator: Yes
Laundry Features:In Unit: Yes
Laundry Features:Washer Hookup: Yes

Multi Family

Income & Expenses

Total Annual Operating Expenses: $9,278
Gross Scheduled Income: $43,200

Net Operating Income: $32,194
Income and Expenses:Income Info Withheld YN: No
Income and Expenses:Annual Debt Service: 0.0
Income and Expenses:Annual Income & Expenses: Pro Forma
Income and Expenses:Gross Scheduled Income: $43,200
Income and Expenses:Net Operating Income: $32,194
Income and Expenses:Total Annual Expenses: $9,278
Income and Expenses:Vacancy Allowance: $1,728

Multi Family Information

Number Of Units Total: 3

Rental

Rent Information

Tenant Pays: All Utilities
Tenant Pays:All Utilities: Yes

Property History for 470 Timothy Way

Date	Event & Source	Price	Appreciation
Apr 27, 2023	Sold NNRMLS #220014884	$475,000	—
Apr 21, 2023	Sold (Public Record) Public Record #1509987403	$475,000	+6.3% / yr
Mar 23, 2023	Pending NNRMLS #220014884		—
Oct 11, 2022	Listed (Active) NNRMLS #220014884	$490,000	—
Jun 28, 2021	Sold (Public Record) Public Record #1468045695	$425,000	+126.1% / yr
Nov 13, 2018	Sold (Public Record) Public Record #636563766	$50,000	-32.0% / yr
Jun 7, 2016	Sold (Public Record) Public Record #574790494	$128,000	-6.9% / yr
Mar 23, 2005	Sold (Public Record) Public Record #238115727	$285,000	—
Mar 21, 2005	Sold (Public Record) Public Record #238112711	$285,000	—

Date	Event & Source	Price
04/27/2023	Sold NNRMLS #220014884	$475,000
04/21/2023	Sold (Public Record) Public Record #1509987403	$475,000 +6.3% / yr
03/23/2023	Pending NNRMLS #220014884	—
10/11/2022	Listed (Active) NNRMLS #220014884	$490,000
06/28/2021	Sold (Public Record) Public Record #1468045695	$425,000 +126.1% / yr
11/13/2018	Sold (Public Record) Public Record #636563766	$50,000 -32.0% / yr
06/07/2016	Sold (Public Record) Public Record #574790494	$128,000 -6.9% / yr
03/23/2005	Sold (Public Record) Public Record #238115727	$285,000
03/21/2005	Sold (Public Record) Public Record #238112711	$285,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 470 Timothy Way

Taxable ValueLand$22,400Additions$48,078Total$70,478

Tax Record2025$1,566 ($131 / month)

Home Facts

Baths3Total Finished SqFt2,592 SqFtAbove Grade Finished SqFt2,592 SqFtStories2Lot Size6,098 SqFtStyleMulti-Family Dwelling (2-4)Year Built1987Year Renovated1987ZoningC1CountyCHURCHILLAPN001-011-62

Schools near 470 Timothy Way

This home is within Churchill County School District.


Rating	School	Type	Grades	Distance
NR	Lahontan Elementary School	Public - Serves this home	K to 1	1.4 mi
2/10	E C Best Elementary School	Public - Serves this home	2 to 3	0.9 mi
4/10	Numa Elementary School	Public - Serves this home	4 to 5	1.3 mi
4/10	Churchill County Jr. High School	Public - Serves this home	6 to 8	0.9 mi
4/10	Churchill County High School	Public - Serves this home	9 to 12	1.3 mi
NR	Fallon Seventh-Day Adventist School	Private - Nearby school	K to 8	1.1 mi
NR	Logos Christian Academy	Private - Nearby school	K to 8	1.7 mi


Rating	School	Distance
NR	Lahontan Elementary School PublicK to 1 Serves this home	1.4 mi
2/10	E C Best Elementary School Public2 to 3 Serves this home	0.9 mi
4/10	Numa Elementary School Public4 to 5 Serves this home	1.3 mi
4/10	Churchill County Jr. High School Public6 to 8 Serves this home	0.9 mi
4/10	Churchill County High School Public9 to 12 Serves this home	1.3 mi
NR	Fallon Seventh-Day Adventist School PrivateK to 8 Nearby school	1.1 mi
NR	Logos Christian Academy PrivateK to 8 Nearby school	1.7 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 470 Timothy Way, Fallon, NV 89406	$475,000	6	3	2,592	6,098
470-472 474 Timothy Way, Fallon, NV 89406	$128,000	6	9	2,592	6,098
480-484 Timothy Way, Fallon, NV 89406	$285,000	6	3	2,592	6,098
480 Timothy Way, Fallon, NV 89406	$250,000	–	3	2,592	6,098
440-460 Timothy, Unit 6, Fallon, NV 89406	$330,000	12	6	5,376	12,196
502-506 Timothy Way, Unit 2, Fallon, NV 89406	$90,000	4	2	1,672	4,791
502-506 Timothy Way, Fallon, NV 89406	$210,000	4	2	1,672	4,791
502 Timothy Way, Fallon, NV 89406	$210,000	–	2	1,672	5,009
461-473 Timothy Way, Fallon, NV 89406	$605,000	8	16	3,456	8,276
461 Timothy Way, Fallon, NV 89406	$605,000	–	4	3,456	8,146
512 Timothy Way, Fallon, NV 89406	–	–	14.5	2,166	8,015
447 Timothy Way, Fallon, NV 89406	–	–	4	3,456	8,146
481 Timothy Way, Fallon, NV 89406	–	–	4	3,456	8,146
215 Amanda Lane, Fallon, NV 89406	$115,000	–	4.5	3,279	6,795
420 Timothy Way, Fallon, NV 89406	–	–	6	3,600	8,146

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Listing Courtesy of RE/MAX Professionals-Reno, Donal Minihan, License #S.174259; RE/MAX Professionals-Reno, Brent Vaulet, License #S.179290

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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