NOT LISTED FOR SALE

Estimated Value: $639,000 - $764,000

8 Beds
8 Baths
3,536 Sq Ft
$198/Sq Ft Est. Value

Last Sold August 24, 2015

Last sale price $248,000 $70 Per Sq Ft

Est. 182% increase in value since last sale

Current estimated payment $4,164/month

37 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Laundry Room

About This Home

As of August 2015

All 4 units are 2 bedroom 2 bath, excellent condtion. All units are leased. Great investment opportunity!

Last Listed By

Jonathan Jacobs

Simply Vegas License #S.0067721 Listed on: 06/17/2015

Simply Vegas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,965

Year Built

  • Built in 1980

Lot Details

  • 0.28 Acre Lot
  • Property is in good condition

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring
  • Range Hood
  • Laundry Room

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
  • 2 Units
  • Hillsboro Manor Subdivision

Additional Features

  • Laundry Facilities
  • Maintenance Expense $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,965

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.28
  • CapRate: 9.33
  • Subdivision Name: HILLSBORO MANOR
  • Directions: From Tropicana and Maryland Pkwy, go South on Maryland, East on Reno to Pattee.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1980
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1980

Interior Features

  • Number Of Buildings: 1
  • Appliances: Exhaust Fan, Refrigerator, Range Hood
  • Flooring: Ceramic Tile
  • Living Area: 3536.0

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Common Area, Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 700.0

Condo/Co-op/Association

  • Association: No

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 12197.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 29100.0
  • Insurance Expense: 2000.0
  • Maintenance Expense: 500.0
  • Annual Operating Expense: 5765.0

Tax Info

  • Tax Annual Amount: 1965.0
  • Tax Block: 1
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2015
Closed on
Aug 14, 2015
Sold by
Romero Rodolfo and Romero Rodolfo
Bought by
Vidhun Rajaraman and Ramdoss Ginarani
Seller's Agent
Jonathan Jacobs
Simply Vegas
Buyer's Agent
Bernie Gancz
Refresh Realty Downtown
List Price
$249,990
Sold Price
$248,000
Premium/Discount to List
-$1,990
-0.8%
Total Days on Market
37
Current Estimated Value
$699,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$451,139
Avg. Annual Appreciation
11.19%
Original Mortgage
$161,250
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2004
Sold by
Romero Rodolfo and Castro Andrea
Bought by
Romero Rodolfo

Purchase Details

Closed on
Jul 14, 1999
Sold by
Willie Daniel L and Willie Sonja E
Bought by
Romero Rodolfo and Castro Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,691
Interest Rate
7.64%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 7, 1994
Sold by
Delangis Leo M and Delangis Margaret W
Bought by
Willie Daniel L and Willie Sonja E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,300
Interest Rate
8.57%

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
Vidhun Rajaraman $248,000 Chicago Title Las Vegas
Romero Rodolfo $300,000 --
Romero Rodolfo $197,000 Old Republic Title Company
Willie Daniel L $179,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vidhun Rajaraman $217,000
Closed Vidhun Rajaraman $161,250
Previous Owner Romero Rodolfo $194,726
Previous Owner Romero Rodolfo $195,691
Previous Owner Willie Daniel L $125,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2015 08/24/15 Sold $248,000 -0.8% $70 / Sq Ft
07/25/2015 07/25/15 Pending -- -- --
06/17/2015 06/17/15 For Sale $249,990 -- $71 / 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 $3,003 $93,312 $49,000 $44,312
2024 $2,819 $93,312 $49,000 $44,312
2023 $2,819 $80,883 $38,500 $42,383
2022 $1,893 $77,762 $36,750 $41,012
2021 $2,462 $76,412 $36,750 $39,662
2020 $1,625 $73,645 $33,250 $40,395
2019 $1,523 $70,134 $29,400 $40,734
2018 $1,453 $62,663 $22,750 $39,913
2017 $1,700 $57,975 $17,500 $40,475
2016 $1,361 $52,998 $10,500 $42,498
2015 $2,008 $52,793 $10,500 $42,293
2014 $1,965 $43,514 $14,000 $29,514
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1548965

Las Vegas REALTORS®

APN: 162-26-214-007