$269,000 Active
0 unspecified
Gerlach, NV 89412
STR Status Unknown

About This Property

APPROXMIATELY AN HOUR AWAY FROM BLACK ROCK (BURNING MAN SITE) Seller has researched and made the following statement: 160 ACRE PATENTED LAND WASHOE COUNTY, NEVADA –100% MINERAL RIGHTS/CHERRY CREEKFRONT/OPALS! This patented property represents true and ultimate land ownership, supreme to that of the U.S. Government!, This ultra-rare patented 160 acre (almost seven million square foot) square-shaped homestead lot, containing what is very likely a gold mine, lies in the beautiful northwest corner of Nevada in Washoe County; a very friendly and unspoiled part of the state. It is an extremely desirable property that is completely surrounded by 20,434 acres of BLM public land so nobody can build next to you and this additional public land is at your disposal for recreational purposes! There are gorgeous views in every direction including mountain, valley, canyon and reservoir panoramas. Cherry Creek (~3,207 feet of it) winds through the property, as does an abandoned canal measuring ~1,616 feet that leads, to Lower Wall Canyon Reservoir. Delightful wildlife and plants wait to be admired at the creek, canal and other points of interest. There is no easement for the canal or earthen dam although a nearby landowner offered to purchase one. The title bundle is completely intact since the day it was made patent by President Woodrow Wilson in 1914. It is the oldest patent in the vicinity meaning that this land was the first choice of the original landowner, Harry M. Barron. In addition, there is a ~61 X ~45 foot pond where a tributary meets the creek. There is a well near the center of this gorgeous parcel where the original homestead structure once stood that still produces water. Old wagon trails, which show up on an original 1880 survey map, crisscross this land and one of them leads directly to the mineshaft. Native American artifacts are scattered nearly everywhere. Legal Description: The North ½ of the Southwest ¼ and the South ½ of the Northwest ¼ of Section 15, Township 37 North, Range 19 East, Mount Diablo Base and Meridian, according to the Official Records on file in the Office of the County Recorder of said Washoe County, Nevada. Size: 160 acres (6,969,600 Square Feet) – Surveyed and Staked Please note* the 2016 listing/sales info provided by some of the 2nd party agencies are erroneous or inaccurate. The Washoe County Assessor or Recorders site will have more accurate information.

Listed by Kautz Zinda Real Estate Group — Realty One Group Eminence

Listing Details

Status Active
MLS # 230002468
Days on Market 1172

Property History

Mar 21, 2023
Listed for sale
$269,000
Property Overview
Lot Size 160.00 acres
Property Type Land
APN 066-090-23
Exterior & Lot
Lot Features Adjoins BLM/BIA Land, Open Lot, Wooded, Corners Marked, Desert
View Desert, Meadow, Mountain(s), Peek, Valley
Financial
Annual Tax $156
Schools
Elementary School Out of Area
Middle School Out Of Area
High School Out Of Area
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

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

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($53,800)
Home price
$269,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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