NOT LISTED FOR SALE

1023 Laurel Ave Las Vegas, NV 89104

Estimated Value: $310,000 - $325,000

2 Beds
2 Baths
1,200 Sq Ft
$263/Sq Ft Est. Value

Last Sold April 01, 2016

Last sale price $79,000 $66 Per Sq Ft

Est. 299% increase in value since last sale

Current estimated payment $1,716/month

39 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • 1-Story Property
  • No HOA

About This Home

As of April 2016

The investor's dream! This duplex has 1200 square feet, 2 bedrooms and 2 bathrooms. Priced to sell, don't miss this one!

Last Agent to Sell the Property

Iddo Gavish

Gavish Real Estate and PM License #B.0058043 Listed on: 01/22/2016

Last Buyer's Agent

John Edmunds

Realty ONE Group, Inc License #BS.0020637

Realty ONE Group, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $316

Year Built

  • Built in 1953

Lot Details

  • 6,534 Sq Ft Lot
  • Property is in good condition

Parking

  • 3 Parking Spaces

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Legal Lot and Block 7 / 1

Community Details

Overview

  • No Home Owners Association
  • Meadow Acres Amd Subdivision

Building Details

  • Maintenance Expense $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$316

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.15
  • CapRate: 14.64
  • Subdivision Name: MEADOW ACRES AMD
  • Directions: West on Charleston from the 95, Left on Laurel Ave.
  • Architectural Style: Duplex
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: RESALE
  • Year Built: 1953
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1
  • Year Built: 1953

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Oven, Range, Refrigerator
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: None
  • Living Area: 1200.0

Exterior Features

  • Construction Type: Wood Frame
  • Property Condition: Good Condition, Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1.0

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 11880.0
  • Insurance Expense: 1.0
  • Maintenance Expense: 1.0
  • Annual Operating Expense: 316.0

Tax Info

  • Tax Annual Amount: 316.0
  • Tax Block: 1
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2016
Closed on
Mar 29, 2016
Sold by
Elah Properties Inc
Bought by
Patel Avkash and Tsang Eric
Seller's Agent
Iddo Gavish
Gavish Real Estate and PM
Buyer's Agent
John Edmunds
Realty ONE Group, Inc
List Price
$79,000
Sold Price
$79,000
Total Days on Market
39
Current Estimated Value
$315,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,375
Avg. Annual Appreciation
16.30%

Purchase Details

Listed on
Jun 1, 2012
Closed on
Oct 11, 2012
Sold by
Litmanovitz Meytal
Bought by
Elah Properties Inc
Seller's Agent
Nirav Goyal
At Your Service Realty
Buyer's Agent
Ran Tadmor
Real Simple Real Estate
List Price
$55,000
Sold Price
$55,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.87%

Purchase Details

Listed on
Jun 1, 2012
Closed on
Sep 27, 2012
Sold by
Desaisons Series Llc
Bought by
Litmanovitz Meytal
Seller's Agent
Nirav Goyal
At Your Service Realty
Buyer's Agent
Ran Tadmor
Real Simple Real Estate
List Price
$55,000
Sold Price
$55,000

Purchase Details

Closed on
Nov 5, 2009
Sold by
Citibank Na
Bought by
Desaisons Series Llc

Purchase Details

Closed on
Sep 9, 2009
Sold by
Gil Raul
Bought by
Citibank Na

Purchase Details

Closed on
May 15, 2006
Sold by
Gil Maria Guadalupe
Bought by
Gil Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,800
Interest Rate
8.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 14, 2006
Sold by
Hastings Martin D
Bought by
Gil Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,800
Interest Rate
8.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 8, 2002
Sold by
Hastings Angela M
Bought by
Hastings Martin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
5.95%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 23, 2002
Sold by
Young James G and Young Roberta J
Bought by
Hastings Martin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
5.95%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 28, 1995
Sold by
Young James G and Young Roberta J
Bought by
Young James G and Young Roberta J
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
Patel Avkash $79,000 Equity Title Of Nevada
Elah Properties Inc $37,560 None Available
Litmanovitz Meytal $55,000 First American Title Paseo
Desaisons Series Llc $45,000 Chicago Title Las Vegas
Citibank Na $208,683 Accommodation
Gil Raul -- Equity Title Of Nevada
Gil Raul $242,261 Equity Title Of Nevada
Hastings Martin D -- Land Title
Hastings Martin D $83,000 Land Title
Young James G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gil Raul $193,800
Previous Owner Hastings Martin D $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2016 04/01/16 Sold $79,000 0.0% $66 / Sq Ft
03/02/2016 03/02/16 Pending -- -- --
01/22/2016 01/22/16 For Sale $79,000 +43.6% $66 / Sq Ft
09/28/2012 09/28/12 Sold $55,000 0.0% $46 / Sq Ft
08/29/2012 08/29/12 Pending -- -- --
06/01/2012 06/01/12 For Sale $55,000 -- $46 / Sq Ft
Source: Las Vegas REALTORS®

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 $517 $46,444 $30,800 $15,644
2024 $480 $46,444 $30,800 $15,644
2023 $480 $40,948 $27,335 $13,613
2022 $444 $28,053 $15,400 $12,653
2021 $412 $23,308 $13,475 $9,833
2020 $379 $23,569 $13,475 $10,094
2019 $356 $22,490 $12,705 $9,785
2018 $339 $22,609 $13,475 $9,134
2017 $602 $20,525 $11,550 $8,975
2016 $319 $16,077 $7,315 $8,762
2015 $317 $13,447 $5,005 $8,442
2014 $307 $13,298 $4,813 $8,485
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1602303

Las Vegas REALTORS®

APN: 161-06-110-009