NOT LISTED FOR SALE

Estimated Value: $605,283 - $646,000

8 Beds
4 Baths
3,540 Sq Ft
$176/Sq Ft Est. Value

Last Sold September 18, 2023

Last sale price $565,000 $160 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,402/month

19 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Ceiling Fan
  • Balcony
  • Central Heating and Cooling System

About This Home

As of September 2023

Introducing a promising investment opportunity: a well-maintained 4-plex built in 1960, offering four identical units. Each unit boasts 2 bedrooms, 1 bathroom, and approximately 885 square feet of comfortable living space. The exterior showcases a classic mid-century design of freshly painted stucco, exuding timeless appeal. Inside, the units maintain their original charm while featuring modern upgrades. With functional kitchens, ample storage, and vintage aesthetics, these units offer a unique and appealing living experience. The property's location in a centrally located neighborhood that ensures convenient access to amenities, schools, parks, and transportation hubs. Investors can capitalize on the property's fair to good condition by implementing strategic renovations to increase its market value and rental income potential. With rising property values, this 4-plex holds considerable long-term appreciation prospects, making it an enticing opportunity for savvy investors.

Last Agent to Sell the Property

Lisa Lavelle

Rustic Elegance Nevada Living Brokerage Phone: 702-802-9832 License #S.0174494 Listed on: 07/06/2023

Last Buyer's Agent

Blake Guinn

Keller Williams MarketPlace License #S.0183440

Keller Williams MarketPlace

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $956

Year Built

  • Built in 1963

Lot Details

  • 8,712 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 3,540 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds

Kitchen

  • Oven
  • Range

Flooring

  • Tile
  • Luxury Vinyl Plank Tile

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Park North Villa Apts Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$956

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.2
  • Subdivision Name: Park North Villa Apts
  • Directions: North on Eastern from I-95. Left on Searles. Property is on the corner of 22nd Street and Searles. Freshly painted grey building.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1963
  • ResoPropertyType: Residential
  • Attribution Contact: 702-802-9832
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1963

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator
  • Flooring: Luxury Vinyl, Luxury VinylPlank, Other, Tile
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 3540.0
  • Window Features: Blinds

Exterior Features

  • Construction Type: Stucco
  • Patio And Porch Features: Balcony
  • Property Condition: Good Condition, Resale
  • Roof: Flat

Utilities

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

Condo/Co-op/Association

  • Amenities: None
  • Association: No
  • Pets Allowed: No

Schools

Lot Info

  • Lot Size Sq Ft: 8712.0
  • Additional Parcels Description: ---
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Insurance Expense: 2797.0

Tax Info

  • Tax Annual Amount: 956.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2023
Closed on
Sep 15, 2023
Sold by
Guinto-Ly Liezel and Ly Mov
Bought by
Abachi Raida
Seller's Agent
Lisa Lavelle
Rustic Elegance Nevada Living
Buyer's Agent
Blake Guinn
Keller Williams MarketPlace
List Price
$559,950
Sold Price
$565,000
Premium/Discount to List
$5,050
0.9%
Views
67
Current Estimated Value
$621,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,571
Avg. Annual Appreciation
4.76%
Original Mortgage
$423,750
Outstanding Balance
$414,661
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$206,910

Purchase Details

Listed on
Aug 6, 2018
Closed on
Sep 12, 2018
Sold by
Sar Hour and Sar Samphoun
Bought by
Guinto Ly Liezel and Ly Mov
Seller's Agent
Connie Muy
Realty ONE Group, Inc
Buyer's Agent
Connie Muy
Realty ONE Group, Inc
List Price
$299,000
Sold Price
$290,000
Premium/Discount to List
-$9,000
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.24%
Original Mortgage
$160,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2005
Sold by
Cervantes Francisco and Cervantes Teresa
Bought by
Sar Hour and Sar Samphoun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,300
Interest Rate
5.23%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 19, 2004
Sold by
Cervantes Francisco and Cervantes Teresa
Bought by
Cervantes Francisco and Cervantes Teresa

Purchase Details

Closed on
Mar 12, 2002
Sold by
Cervantes Francisco and Cervantes Cornelio
Bought by
Cervantes Francisco and Cervantes Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,055
Interest Rate
6.99%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 29, 2001
Sold by
Cervantes Francisco and Cervantes Cornello
Bought by
Cervantes Francisco

Purchase Details

Closed on
Aug 31, 1994
Sold by
Cervantes Teresa
Bought by
Cervantes Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,984
Interest Rate
8.65%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 30, 1994
Sold by
Horn John M and Horn Violeta M
Bought by
Cervantes Francisco and Cervantes Cornelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,984
Interest Rate
8.65%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Abachi Raida $565,000 Western Title
Guinto Ly Liezel $290,000 Roc Title
Sar Hour $329,000 National Title Company
Cervantes Francisco -- --
Cervantes Francisco -- Land Title
Cervantes Francisco -- --
Cervantes Francisco -- United Title
Cervantes Francisco $123,000 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abachi Raida $423,750
Previous Owner Guinto Ly Liezel $160,000
Previous Owner Sar Hour $230,300
Previous Owner Cervantes Francisco $139,055
Previous Owner Cervantes Francisco $121,984
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/18/2023 09/18/23 Sold $565,000 +0.9% $160 / Sq Ft
07/27/2023 07/27/23 Pending -- -- --
07/26/2023 07/26/23 Price Changed $559,950 0.0% $158 / Sq Ft
07/26/2023 07/26/23 For Sale $559,950 +1.8% $158 / Sq Ft
07/09/2023 07/09/23 Pending -- -- --
07/07/2023 07/07/23 For Sale $549,950 +89.6% $155 / Sq Ft
09/14/2018 09/14/18 Sold $290,000 -3.0% $82 / Sq Ft View Prior Sale
08/15/2018 08/15/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $299,000 -- $84 / 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 $1,114 $75,341 $42,000 $33,341
2024 $1,032 $75,341 $42,000 $33,341
2023 $1,032 $80,972 $51,800 $29,172
2022 $956 $64,917 $37,800 $27,117
2021 $886 $56,702 $31,500 $25,202
2020 $819 $52,729 $28,000 $24,729
2019 $768 $47,809 $23,800 $24,009
2018 $733 $40,898 $18,200 $22,698
2017 $1,119 $34,141 $11,900 $22,241
2016 $687 $31,645 $9,800 $21,845
2015 $686 $28,050 $9,100 $18,950
2014 $665 $27,357 $7,000 $20,357
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2510258

Las Vegas REALTORS®

APN: 139-26-513-007