NOT LISTED FOR SALE

Estimated Value: $621,000 - $701,000

8 Beds
4 Baths
3,540 Sq Ft
$187/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $530,000 $150 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,608/month

4 Days on Market

Highlights

  • Tile Flooring
  • Central Heating and Cooling System
  • Ceiling Fan

About This Home

As of December 2021

Looking for a great investment with great cash flow and low maintenance... look no further. All 4 units are occupied so you can start generating income right away. This building is made up of 4 updated units that are 2 bed/1 bath each. 1 unit has brand new appliances, 2 units have granite counter tops and all 4 units have new tile, baseboards, paint and remodeled bathrooms.
Current rent is $925 each but there is definitely room to increase that in the future.

Last Agent to Sell the Property

Cassondra Hobbs

Orange Realty Group LLC License #S.0184920 Listed on: 11/17/2021

Last Buyer's Agent

Thuong Fullington

Metropolitan Real Estate Group License #S.0193921

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $898

Year Built

  • Built in 1963

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Stucco

Interior Spaces

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

Kitchen

  • Oven
  • Range
  • Disposal

Utilities

  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Park North Villa Apts Subdivision

Listing and Financial Details

  • Tenant pays for electricity

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$898

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Subdivision Name: Park North Villa Apts
  • Directions: From E Searles turn Left on 22nd st, property is on the Right
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1963
  • ResoPropertyType: Residential
  • Attribution Contact: 702-617-0000
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1963

Interior Features

  • Number Of Buildings: 1
  • Appliances: Disposal, Oven, Range, Refrigerator
  • Flooring: Tile
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 3540.0

Exterior Features

  • Construction Type: Stucco
  • Property Condition: Good Condition, Resale
  • Roof: Other

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1788.0

Condo/Co-op/Association

  • Amenities: None

Lot Info

  • Lot Size Sq Ft: 7405.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 898.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2021
Closed on
Dec 16, 2021
Sold by
Johnson Devar
Bought by
Luong Vy
Seller's Agent
Cassondra Hobbs
Orange Realty Group LLC
Buyer's Agent
Thuong Fullington
Metropolitan Real Estate Group
List Price
$530,000
Sold Price
$530,000
Current Estimated Value
$662,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,333
Avg. Annual Appreciation
6.09%
Original Mortgage
$542,190
Outstanding Balance
$497,798
Interest Rate
2.98%
Mortgage Type
VA
Estimated Equity
$164,535

Purchase Details

Listed on
Aug 28, 2019
Closed on
Jan 3, 2020
Sold by
Lmnop Properties Llc
Bought by
Johnson Devar
Seller's Agent
Jason Elleman
Galindo Group Real Estate
List Price
$389,000
Sold Price
$390,000
Premium/Discount to List
$1,000
0.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.23%
Original Mortgage
$390,000
Interest Rate
3.6%
Mortgage Type
VA

Purchase Details

Closed on
Jan 31, 2018
Sold by
Elleman Jason M
Bought by
Lmnop P Roperties Llc

Purchase Details

Closed on
Apr 14, 2017
Sold by
Elleman Jason M
Bought by
Elleman Jason M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2017
Sold by
Canales Karla
Bought by
Elleman Jason M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2005
Sold by
Garcia Carlos
Bought by
Canales Karla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
7.25%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 12, 2001
Sold by
Canales Jose J
Bought by
Canales Jose J and Canales Gladys

Purchase Details

Closed on
Aug 24, 2000
Sold by
Willem Reynaldo and Willem Eva A
Bought by
Canales Karla Y and Canales Jose J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,528
Interest Rate
8.2%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 15, 1998
Sold by
Welton Vivienne Ella
Bought by
Willem Reynaldo and Willem Eva A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,250
Interest Rate
6.63%
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
Luong Vy $530,000 Fidelity National Title
Johnson Devar -- Fidelity National Title
Johnson Devar $390,000 Clear Title Company
Lmnop P Roperties Llc -- None Available
Elleman Jason M -- Ticor Title Las Vegas
Elleman Jason M $159,000 None Available
Canales Karla -- Land Title Of Nevada
Canales Karla $270,000 Land Title Of Nevada
Canales Jose J -- National Title Company
Canales Jose J -- National Title Company
Canales Karla Y $180,000 Lawyers Title Insurance Corp
Willem Reynaldo $141,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luong Vy $542,190
Previous Owner Johnson Devar $390,000
Previous Owner Elleman Jason M $125,000
Previous Owner Canales Karla $243,000
Previous Owner Canales Karla Y $178,528
Previous Owner Willem Reynaldo $127,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/22/2021 12/22/21 Sold $530,000 0.0% $150 / Sq Ft
11/22/2021 11/22/21 Pending -- -- --
11/17/2021 11/17/21 For Sale $530,000 +35.9% $150 / Sq Ft
01/16/2020 01/16/20 Sold $390,000 +0.3% $110 / Sq Ft View Prior Sale
12/17/2019 12/17/19 Pending -- -- --
08/28/2019 08/28/19 For Sale $389,000 -- $110 / 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 $980 $75,341 $42,000 $33,341
2024 $952 $75,341 $42,000 $33,341
2023 $697 $80,972 $51,800 $29,172
2022 $969 $64,917 $37,800 $27,117
2021 $898 $56,702 $31,500 $25,202
2020 $831 $52,729 $28,000 $24,729
2019 $778 $47,809 $23,800 $24,009
2018 $743 $40,898 $18,200 $22,698
2017 $1,119 $34,141 $11,900 $22,241
2016 $697 $31,645 $9,800 $21,845
2015 $694 $28,050 $9,100 $18,950
2014 $672 $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: 2350269

Las Vegas REALTORS®

APN: 139-26-513-005