NOT LISTED FOR SALE

Estimated Value: $407,525 - $462,000

5 Beds
3 Baths
1,995 Sq Ft
$217/Sq Ft Est. Value

Last Sold June 10, 2014

Last sale price $150,000 $75 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $2,410/month

201 Days on Market

Highlights

  • Wood Flooring
  • Refrigerated Cooling System
  • Property is in very good condition
  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of June 2014

Remodeled units located in the up and coming Arts District. Duplex with two (2) separate teenager/mother-in-law studio(s). Income property LOCATED a stone's throw from the famous Las Vegas Strip!! New heating and AC. New bathrooms, kitchens and upgraded tile flooring. Re-freshed landscape and common areas.

Last Agent to Sell the Property

Mike Luce

Romany Real Estate Presidios License #B.0145565 Listed on: 10/21/2013

Last Buyer's Agent

Johnathon Fayeghi

Reiss Properties License #S.0066107

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $736

Year Built

  • Built in 1954

Lot Details

  • 6,970 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Flat Roof Shape

Interior Spaces

  • 1,995 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven
  • Range
  • Microwave
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Parking

  • 5 Parking Spaces
  • Paved Parking

Utilities

  • Refrigerated Cooling System
  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Legal Lot and Block 20 / 16203

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Paradise Grove Subdivision

Building Details

  • Maintenance Expense $75

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$736

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • CapRate: 8.78
  • Subdivision Name: PARADISE GROVE
  • Directions: From Las Vegas Blvd and Oakey travel east (r) on Oakey; turn north (l) on Rexford; property located down the street.
  • Architectural Style: Duplex
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: RESALE
  • Year Built: 1954
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1954

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Disposal, Microwave, Oven, Range, Refrigerator, Washer
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: None
  • Living Area: 1995.0

Exterior Features

  • Construction Type: Block
  • Property Condition: Resale, Very Good Condition
  • Roof: Flat

Garage/Parking

  • Parking Features: Paved
  • Total Parking Spaces: 5.0

Utilities

  • Cooling: Central Air, Refrigerated, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 65.0

Condo/Co-op/Association

  • Association: No

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 6970.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 20370.0
  • Insurance Expense: 62.0
  • Maintenance Expense: 75.0
  • Annual Operating Expense: 5004.0

Tax Info

  • Tax Annual Amount: 736.0
  • Tax Block: 16203
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2013
Closed on
Jun 6, 2014
Sold by
Cabrera Investments Holdings Llc
Bought by
Crosby Inc
Seller's Agent
Mike Luce
Romany Real Estate Presidios
Buyer's Agent
Johnathon Fayeghi
Reiss Properties
List Price
$220,000
Sold Price
$150,000
Premium/Discount to List
-$70,000
-31.82%
Current Estimated Value
$433,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,881
Avg. Annual Appreciation
10.23%

Purchase Details

Listed on
Sep 27, 2012
Closed on
Oct 30, 2012
Sold by
Rodriguez Maria S
Bought by
Cabrera Investment Holding Llc
Seller's Agent
Pablo Covarrubias
United Realty Group
Buyer's Agent
Mike Luce
Romany Real Estate Presidios
List Price
$75,000
Sold Price
$62,500
Premium/Discount to List
-$12,500
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.25%

Purchase Details

Closed on
Jul 20, 2004
Sold by
Rodriquez Maria S and Rodriguez Maria S
Bought by
Rodriguez Maria S and Maria S Rodriguez Revocable Trust

Purchase Details

Closed on
Oct 17, 2002
Sold by
Rodriguez Roberto E
Bought by
Rodriguez Maria S

Purchase Details

Closed on
Feb 29, 1996
Sold by
Damus Charles M
Bought by
Rodriguez Maria S and Rodriguez Roberto E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.04%
Mortgage Type
Seller Take Back
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
Crosby Inc $150,000 Lawyers Title Of Nevada
Cabrera Investment Holding Llc $62,500 Fidelity National Title Las
Rodriguez Maria S $300,000 --
Rodriguez Maria S -- --
Rodriguez Maria S $180,000 Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Maria S $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2014 06/10/14 Sold $150,000 -31.8% $75 / Sq Ft
05/11/2014 05/11/14 Pending -- -- --
10/21/2013 10/21/13 For Sale $220,000 +252.0% $110 / Sq Ft
11/01/2012 11/01/12 Sold $62,500 -16.7% $31 / Sq Ft
10/02/2012 10/02/12 Pending -- -- --
09/27/2012 09/27/12 For Sale $75,000 -- $38 / 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 $1,171 $55,392 $31,500 $23,892
2024 $1,085 $55,392 $31,500 $23,892
2023 $1,085 $52,259 $31,500 $20,759
2022 $1,005 $40,284 $21,000 $19,284
2021 $931 $34,593 $19,600 $14,993
2020 $862 $34,993 $19,600 $15,393
2019 $807 $32,434 $17,500 $14,934
2018 $770 $31,411 $17,500 $13,911
2017 $861 $26,252 $12,600 $13,652
2016 $723 $24,530 $11,200 $13,330
2015 $720 $21,260 $8,400 $12,860
2014 $697 $22,453 $8,400 $14,053
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1393990

Las Vegas REALTORS®

APN: 162-03-211-023