NOT LISTED FOR SALE

Estimated Value: $421,294 - $679,000

5 Beds
4 Baths
2,742 Sq Ft
$203/Sq Ft Est. Value

Last Sold July 11, 2014

Last sale price $190,000 $69 Per Sq Ft

Est. 192% increase in value since last sale

Current estimated payment $3,202/month

96 Days on Market

Highlights

  • Wood Flooring
  • Window Unit Cooling System
  • Central Heating and Cooling System
  • No HOA
  • Storage
  • 3-minute walk to Mayfair Place Park

About This Home

As of July 2014

Back On The Market! TRADITIONAL SALE! Can close immediately! 2 Structures On Property, Each with 2 Units. PROFESSIONALLY REMODELED! New Windows, Doors (Interior and Exterior), New Cabinets, Granite, Carpet, Tile / Wood; The list goes on! Front 3 Bed/1 Bath Unit is currently RENTED at $700/month. Other units are move-in ready.

Last Agent to Sell the Property

Glen Larson

New View Real Estate License #B.0017438 Listed on: 03/06/2014

Last Buyer's Agent

Theresa Monticelli

BHHS Nevada Properties License #S.0069021

BHHS Nevada Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $604

Year Built

  • Built in 1942

Lot Details

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

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,742 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Storage

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Utilities

  • Window Unit Cooling System
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 20 / 1

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Mayfair Tract #1 Subdivision

Building Details

  • Maintenance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$604

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • CapRate: 10.34
  • Subdivision Name: MAYFAIR TRACT #1
  • Directions: From 15, Take the 95 South to Las Vegas Blvd, Exit South on Las Vegas Blvd, Turn East on Fremont St, Turn South on 15th St.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1942
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1942

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dishwasher, Disposal, Oven, Range, Refrigerator
  • Flooring: Carpet, Ceramic Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Storage
  • Living Area: 2742.0
  • Window Features: Blinds

Exterior Features

  • Disclosures: Familial Relation
  • Construction Type: Stucco
  • Property Condition: Resale, Very Good Condition
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric, Other
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 120.0

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 7405.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 23760.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1200.0
  • Annual Operating Expense: 3600.0

Tax Info

  • Tax Annual Amount: 604.0
  • Tax Block: 1
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2014
Closed on
Jul 2, 2014
Sold by
Larson Glen L and Stavros Brandon M
Bought by
Vahid Farzad
Seller's Agent
Glen Larson
New View Real Estate
Buyer's Agent
Theresa Monticelli
BHHS Nevada Properties
List Price
$199,999
Sold Price
$190,000
Premium/Discount to List
-$9,999
-5%
Total Days on Market
96
Current Estimated Value
$555,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,431
Avg. Annual Appreciation
10.34%
Original Mortgage
$133,000
Outstanding Balance
$102,438
Interest Rate
4.07%
Mortgage Type
New Conventional
Estimated Equity
$452,791

Purchase Details

Closed on
Mar 30, 2009
Sold by
Stavros Maria Caroly
Bought by
Stavros Brandon M

Purchase Details

Closed on
Mar 18, 2009
Sold by
U S Bank National Association
Bought by
Larson Glen L and Stavros Brandon M

Purchase Details

Closed on
Aug 12, 2008
Sold by
Hurtado Miguel
Bought by
U S Bank Na and Credit Suisse First Boston Mbs 2004-Armt

Purchase Details

Closed on
Jul 20, 2004
Sold by
Hurtado Mirna
Bought by
Hurtado Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,800
Interest Rate
7.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 7, 2004
Sold by
Baker Robert G and Baker Miriam D
Bought by
Hurtado Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,800
Interest Rate
7.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 9, 1999
Sold by
Baker Robert G
Bought by
Baker Robert G and Baker Miriam D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,606
Interest Rate
7.01%

Purchase Details

Closed on
Aug 12, 1994
Sold by
Baker Mariam D
Bought by
Baker Robert G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,200
Interest Rate
7.25%

Purchase Details

Closed on
Oct 29, 1993
Sold by
Weyerhaeuser Mtg Company
Bought by
Va
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
Vahid Farzad $190,000 Ticor Title Las Vegas
Stavros Brandon M -- Ticor Title Las Vegas
Larson Glen L -- Ticor Title Las Vegas
Stavros Brandon M -- Chicago Title Las Vegas
Larson Glen L $60,107 Chicago Title Las Vegas
U S Bank Na $104,000 Lsi Title Agency Inc
Hurtado Miguel -- Chicago Title
Hurtado Miguel $231,000 Chicago Title
Baker Robert G -- First American Title Co
Baker Robert G -- Old Republic Title Company
Baker Robert G $119,000 Old Republic Title Company
Va -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vahid Farzad $133,000
Previous Owner Hurtado Mirna $36,000
Previous Owner Hurtado Miguel $184,800
Previous Owner Baker Robert G $43,606
Previous Owner Baker Robert G $95,200
Closed Baker Robert G $11,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2014 07/11/14 Sold $190,000 -5.0% $69 / Sq Ft
06/11/2014 06/11/14 Pending -- -- --
03/06/2014 03/06/14 For Sale $199,999 -- $73 / 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 $1,018 $79,451 $46,900 $32,551
2024 $943 $79,451 $46,900 $32,551
2023 $943 $67,346 $39,200 $28,146
2022 $873 $54,156 $28,000 $26,156
2021 $809 $41,583 $21,000 $20,583
2020 $748 $42,096 $21,000 $21,096
2019 $701 $34,470 $14,000 $20,470
2018 $669 $30,277 $11,200 $19,077
2017 $958 $29,226 $10,500 $18,726
2016 $628 $23,922 $5,600 $18,322
2015 $625 $22,230 $4,550 $17,680
2014 $606 $23,192 $4,375 $18,817
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1427027

Las Vegas REALTORS®

APN: 139-35-314-018