NOT LISTED FOR SALE

Estimated Value: $1,511,382 - $2,245,000

5 Beds
4 Baths
4,545 Sq Ft
$388/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $1,275,000 $281 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $10,343/month

About This Home

As of June 2021

Burning Tree is the most exclusive enclave behind the private guard gates in Spanish Trail country club. A community with lush greenery and and mature trees providing an environment that is a needed escape from the desert that surrounds the city. A newly renovated Mediterranean and contemporary masterpiece, expertly crafted, this entertainers dream home seamlessly fuses indoor/outdoor living. A Grand entry of 20' ceilings welcomes you to a home filled with luxury designer finishes. Bi-fold doors throughout the downstairs open to your backyard oasis. Designed to entertain and delight while maximizing privacy and ease of maintenance, come and enjoy the outdoor kitchen or relax in the pool. Newly remodeled and offered fully furnished this home can be leased for as little as 3 months at a time.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2021
Closed on
Jun 25, 2021
Sold by
Maloof George and The Burning Tree Trust
Bought by
Solcademy Llc
Seller's Agent
Jerry Masini
Award Realty
Buyer's Agent
Jason Abrams
Maxus Real Estate
List Price
$1,275,000
Sold Price
$1,275,000
Current Estimated Value
$1,761,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,846
Avg. Annual Appreciation
9.91%
Original Mortgage
$1,020,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 11, 2015
Closed on
May 29, 2015
Sold by
Boasberg William L and Boasberg Maggie T
Bought by
Maloof George J and Burning Tree Trust
Seller's Agent
Donna Lefever
Realty ONE Group, Inc
Buyer's Agent
Donna Lefever
Realty ONE Group, Inc
List Price
$999,995
Sold Price
$830,000
Premium/Discount to List
-$169,995
-17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%

Purchase Details

Closed on
Apr 5, 2014
Sold by
Troy Carmela
Bought by
Boasberg William L and Boasberg Maggie T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 30, 2010
Sold by
Masi Andrew and Kolizeras Electra
Bought by
Troy Carmela and Bean Trust

Purchase Details

Closed on
Mar 6, 2008
Sold by
Masi Andrew and Kolizeras Electra
Bought by
Masi Andrew and Kolizeras Electra

Purchase Details

Closed on
May 12, 2006
Sold by
Lee Kenneth K and Lee Nami Kim
Bought by
Masi Andrew and Kolizeras Electra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2003
Sold by
Lee Kenneth K and Lee Nami Kim
Bought by
Lee Kenneth K and Lee Nami Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,455
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 25, 1999
Sold by
Lee Sunja
Bought by
Lee Hae Un

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,500
Interest Rate
6.73%

Purchase Details

Closed on
Mar 22, 1999
Sold by
Andress Donald G and Andress Madeleine
Bought by
Lee Kenneth K and Lee Nami Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,500
Interest Rate
6.73%

Purchase Details

Closed on
Aug 3, 1998
Sold by
Andress Donald G and Andress Madeleine C
Bought by
Andress Donald G and Andress Madeleine C

Purchase Details

Closed on
Nov 9, 1995
Sold by
Reddin Robert H and Reddin Elena V
Bought by
Andress Don and Andress Madeleine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.62%
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 Buyer Sale Price Title Company
Solcademy Llc $1,275,000 Clear Title Company
Maloof George J $830,000 Equity Title Of Nevada
Boasberg William L $850,000 Nevada Title Las Vegas
Troy Carmela -- None Available
Masi Andrew -- None Available
Masi Andrew $1,050,000 Equity Title Of Nevada
Lee Kenneth K -- Nevada Title Company
Lee Hae Un -- United Title
Lee Kenneth K $595,000 United Title
Andress Donald G -- --
Andress Donald G -- --
Andress Don $694,500 National Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solcademy Llc $1,012,450
Closed Solcademy Llc $1,020,000
Previous Owner Boasberg William L $680,000
Previous Owner Masi Andrew $840,000
Previous Owner Lee Kenneth K $242,455
Previous Owner Lee Kenneth K $416,500
Previous Owner Andress Don $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2023 05/03/23 Rented $15,000 0.0% --
04/29/2023 04/29/23 Under Contract -- -- --
04/23/2023 04/23/23 For Rent $15,000 0.0% --
06/30/2021 06/30/21 Sold $1,275,000 0.0% $281 / Sq Ft
05/31/2021 05/31/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $1,275,000 +53.6% $281 / Sq Ft
06/04/2015 06/04/15 Sold $830,000 -17.0% $180 / Sq Ft
05/05/2015 05/05/15 Pending -- -- --
02/11/2015 02/11/15 For Sale $999,995 -- $217 / Sq Ft

Tax History Compared to Growth

Source: Public Records

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
2025 $6,330 $366,312 $154,000 $212,312
2024 $6,146 $366,312 $154,000 $212,312
2023 $6,146 $345,277 $140,000 $205,277
2022 $6,542 $315,997 $126,000 $189,997
2021 $6,058 $218,649 $67,200 $151,449
2020 $5,622 $218,874 $67,200 $151,674
2019 $5,269 $218,335 $67,200 $151,135
2018 $5,027 $211,546 $64,400 $147,146
2017 $6,026 $205,113 $54,600 $150,513
2016 $4,704 $189,705 $50,400 $139,305
2015 $4,697 $223,534 $37,800 $185,734
2014 $4,551 $150,182 $37,800 $112,382
Source: Public Records

Agents Affiliated with this Home

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