NOT LISTED FOR SALE

1231 E Basin Ave Pahrump, NV 89060

Estimated Value: $2,094,229

1.4 Acres
$1,495,878 Price per Acre
60,984 Sq Ft Lot

Sale Details

Date Sold: February 28, 2020

Last sale price $1,350,000

Est. 55% increase in value since last sale

Current estimated payment $11,948 / mo

154 Days on Market

About This Lot

As of February 2020

This clean retail center is centrally located in the commercial hub of Pahrump. Close to the courthouse and several big box retail centers. This property already contains a French Bakery, Lawyer, Dentist, Insurance, Accounting and others. It's long term tenants make this property easy to manage. The price of $125/sq ft; plus the excellent condition and long term tenants and potential revenue increases make this property one of the most desirable.

Last Agent to Sell the Property

Scott Smith

Freedom House Property Mgmt License #B.0145183 Listed on: 08/27/2019

Last Buyer's Agent

Scott Smith

Freedom House Property Mgmt License #B.0145183 Listed on: 08/27/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,014

Lot Details

  • 1.4 Acre Lot

Community Details

  • No Home Owners Association
  • Calvada Valley U.11A Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$7,014

Lot Details

1.4 Acres

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 1.4
  • Road Surface Type: Paved
  • Subdivision Name: CALVADA VALLEY U.11A
  • Directions: North on HWY 160, right on Basin, property on right
  • ResoPropertyType: Land
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

Lot Info

  • Additional Parcels Description: ---
  • Zoning Description: Commercial
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7014.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2024
Sold by
Victory Plaza Llc
Bought by
1231 Basin Llc
Current Estimated Value
$2,094,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
6.78%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Aug 27, 2019
Closed on
Feb 27, 2020
Sold by
Jordan Andy Ray
Bought by
Victor Plaza Llc
Seller's Agent
Scott Smith
Freedom House Property Mgmt
Buyer's Agent
Scott Smith
Freedom House Property Mgmt
List Price
$1,500,000
Sold Price
$1,350,000
Premium/Discount to List
-$150,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.41%

Purchase Details

Listed on
Aug 27, 2019
Closed on
Feb 24, 2020
Sold by
Toy Gary
Bought by
Jordan Andy Ray and 2001 Andy Ray Jordan Trust
Seller's Agent
Scott Smith
Freedom House Property Mgmt
Buyer's Agent
Scott Smith
Freedom House Property Mgmt
List Price
$1,500,000
Sold Price
$1,350,000
Premium/Discount to List
-$150,000
-10%

Purchase Details

Closed on
Feb 21, 2012
Sold by
Jordan Andy Ray
Bought by
Jordan Andy Ray and 2001 Andy Ray Jordan Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,962,453
Interest Rate
3.84%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
1231 Basin Llc $2,000,000 Old Republic Title
1231 Basin Llc $2,000,000 Old Republic Title
Victor Plaza Llc $1,350,000 Sierra Settlement Of
Jordan Andy Ray -- Sierra Settlement Of
Jordan Andy Ray -- Lawyers Title Of Nevada
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1231 Basin Llc $1,800,000
Previous Owner Jordan Andy Ray $2,962,453
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2020 02/28/20 Sold $1,350,000 -10.0% --
01/29/2020 01/29/20 Pending -- -- --
08/27/2019 08/27/19 For Sale $1,500,000 -- --
Source: Las Vegas REALTORS®

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 $10,144 $314,858 $45,743 $269,115
2024 $10,144 $328,501 $45,743 $282,758
2023 $10,144 $298,332 $45,743 $252,589
2022 $8,746 $275,430 $45,743 $229,687
2021 $8,128 $254,771 $36,594 $218,177
2020 $7,815 $256,913 $36,594 $220,319
2019 $7,333 $303,207 $36,594 $266,613
2018 $7,014 $287,059 $29,275 $257,784
2017 $6,471 $234,537 $29,275 $205,262
2016 $6,309 $183,294 $29,275 $154,019
2015 $6,297 $174,502 $29,275 $145,227
2014 $6,105 $186,963 $29,275 $157,688
Source: Public Records

Agents Affiliated with this Home

  • Scott Smith

    Seller's Agent in 2020

    Scott Smith

    Freedom House Property Mgmt

    (775) 419-0993

    31 Total Sales

    Scott Smith
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Map

Source: Las Vegas REALTORS®

MLS Number: 2129573

Las Vegas REALTORS®

APN: 38-221-04

Nevada Nye County Pahrump 89048

1231 E Basin Ave, Pahrump, NV

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Las Vegas REALTORS® The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2026 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.

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