$799,900 $849,900 ↓ $50,000 reduced Active Under Contract
981 Mitch Drive
Gardnerville, NV 89460

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STR Status Unknown
The remarks mention an ADU or guest unit: in Truckee, much of Placer and Washoe’s Tahoe area, and parts of Nevada County an ADU can’t be a short-term rental, so count on the main house only.
5 Beds
·
4.0 Baths
·
3,136 Sq Ft

Our data on this home

About This Property

Seller offering a buyer interest rate buydown credit! Get instant equity. Home has been appraised at 855,000. Multi Generational living, rental potential, or extended guest accommodations. Live in the main house while you rent the detached guest house and help with your mortgage. This unique home includes a spacious 2496 sq. ft. main residence where you can enjoy the beautiful views of the Sierra and Pine nut mountains, a 640 sq. ft. detached guest house, and inviting outdoor gathering spaces . This updated home features 4 bedrooms, 3 bathrooms, or it can be used as two separate living areas. Perfect for extended Family, guests or rental income equipped with their own private entrances. Main home features a granite kitchen with stainless steel appliances, engineered wood flooring throughout the main living spaces, and newer carpet in the bedrooms. Multiple RV parking areas provide ample space for recreational vehicles, trailers, or additional parking. The detached guest house offers 1 bedroom, 1 bathroom, an open living and kitchen area, its own full size washer and dryer, fenced yard and a separate RV parking area. This private space may also be ideal for extended family, guests, or rental income. Enjoy the property's private entertainment area featuring a fully functional bar/saloon with electricity, pellet stove, refrigerator, TV, slot machine and dart board creating a fun, comfortable gathering space throughout the seasons. Mature landscaping includes two cherry trees, an almond tree, a pear tree, and an apple tree. Conveniently located near schools, Mitch Park with walking trails, a bicycle pump track, playground, and fishing pond. As well as shopping, medical facilities, and other everyday amenities. Estimated rental income is approximately 4,800 per month, consisting of approximately 3,200 per month for the main home and approximately 1,600 per month for the guest house. Buyers are encouraged to verify rental potential and permitted uses with the appropriate local authorities. Inspections have been completed and most of the recommended work has been completed. Seller is licensed real estate agent in the State of Nevada.

Listed by Alicia Gonzalez — Dickson Realty - Gardnerville

Listing Details

Status Active Under Contract
MLS # 260009129
Days on Market 97
Price/Sq Ft $255

Property History

Jul 17, 2026
Listed for sale
$849,900
Aug 02, 2026
Pending
$849,900
Aug 15, 2026
Relisted
$849,900
Aug 27, 2026
Price reduced
$845,000 $849,900 ↓ $4,900
Sep 21, 2026
Price reduced
$799,900 $845,000 ↓ $45,100
Oct 11, 2026
Pending
$799,900
Property Overview
Beds 5
Baths 4.0
Sq. Ft. 3,136
Lot Size 0.50 acres
Stories 2
Year Built 1979
Property Type Single Family Residence
Subdivision Gardnerville Ranchos
APN 1220-15-110-052
Parking
Garage Spaces 2
Total Parking 6
Parking Features Additional Parking, Detached, Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Rain Gutters
Lot Features Corner Lot, Gentle Sloping, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s), Trees/Woods
Construction Brick
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $3,173
Schools
Elementary School Meneley
Middle School Pau-Wa-Lu
High School Douglas
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis
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Home Insurance Estimate

Standard homeowners policy for this home

$4,500 – $6,600/yr
about $462/mo
Est. Rebuild Cost (Coverage A)
$1,317,120

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$4,772 per month
Principal & interest
$4,045/mo
Property taxes
$264/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$463/mo
Estimated ~$4,500–$6,600/yr — get a local broker quote for accuracy.
Down payment
20% ($159,980)
Home price
$799,900
Loan details
30-yr fixed, 6.5%
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