NOT LISTED FOR SALE

1430 E Desert Inn Rd Las Vegas, NV 89169

Estimated Value: $602,000 - $701,978

8 Beds
7 Baths
3,432 Sq Ft
$187/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $589,000 $172 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,599/month

25 Days on Market

Highlights

  • No HOA
  • Patio
  • Central Heating and Cooling System
  • Balcony
  • Tile Flooring
  • Satellite Dish

About This Home

As of September 2023

*PHNMNL 4 PLEX*BEST DEAL*OWC LOAN *BEST LOCATION *5 MINS VEGAS STRIP* 7 MINS AIRPORT* UNLV *5 MINS CONVENTION CENTER*HOSPITAL*SHOPS*NICE RESTAURANTS*10 MINS RAIDERS*RECENT REMODELLED**IN 'N OUT*ALL 2 BEDROOM*2 BATHROOM (SHOWERS IN PRIMARY BATHRMS)*4 UNITS RENTED SAME DAY LOW RENT W 1 YEAR LEASES EXPIRING MARCH 1 2024*(RENTAL VALUE $1250 EASY) PPROJECTED GROSS MAR 2024 $60,OOO *NET $51O00 YR ,2 DOWNSTAIRS UNITS BOTH W PATIO DOORS TO OUTSIDE BACK YARD FENCED PRIV PATIOS + FRONT COVERED OUTSIDE PATIOS*LOTSA PARKING* 2 UPSTAIRS UNITS EA W BOTH FRONT & BACK BALCONIES* NU SPIFFY TILE FLOORS *EXCLNT LAYOUT*MISTYLYREDONE W UPGRADED KITCHENS*BATHRMS* APPLIANCES*SEP METERS*MOSTLY NU ELECTRICS*RENTS V LOW BY COMPS *(RENTAL VALUE $1250 PER UNIT EZE )**OWNER CARRIES LOAN @ 6%INTEREST WITH $230K DOWN *& BUYER TO CLOSE QUICK *PROPERTY TAXES ONLY $1745 PER YEAR *V LOW IN NV) PROJECTED GROSS INCOME 2024 $5K PER MONTH 8.3 CAP ( 12, 4% CASH FLOW W $230K DOWN AT LIST PRICE)**OFFER TODAY***

Last Agent to Sell the Property

Malcolm Boot

American Realty Properties LLC Brokerage Phone: 702-506-7100 License #S.0055504 Listed on: 07/16/2023

Last Buyer's Agent

Rosa Flores

Real Broker LLC License #S.0170108

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,745

Year Built

  • Built in 1963

Lot Details

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

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 3,432 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Tile Flooring
  • Washer

Kitchen

  • Oven
  • Range
  • Microwave

Parking

  • 8 Parking Spaces
  • Alley Access
  • Paved Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Continental Park #2 Subdivision

Building Details

  • Maintenance Expense $200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,745

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • CapRate: 7.49
  • Subdivision Name: Continental Park #2
  • Directions: **FROM PARADISE RD *GO EAST ON DESERT IMN RD PAST MARYLAND PARKWAY 1 BLOCK * ROPERTY IS ON YOUR LEFT HAND SIDE SIDE.* ON N SIDE OF DESERT INN RD *5 MINS TO VEGAS STRIP*
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1963
  • ResoPropertyType: Residential
  • Attribution Contact: 702-506-7100
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1963

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Appliances: Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Flooring: Tile
  • Living Area: 3432.0
  • Window Features: Blinds

Exterior Features

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

Garage/Parking

  • Parking Features: Alley Access, Assigned, Paved
  • Total Parking Spaces: 8.0

Utilities

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

Condo/Co-op/Association

  • Amenities: Satellite TV, Cable TV
  • Association: No

Schools

Lot Info

  • Lot Size Sq Ft: 6970.0
  • Additional Parcels Description: ---
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Insurance Expense: 940.0
  • Maintenance Expense: 200.0
  • Annual Operating Expense: 4195.0

Tax Info

  • Tax Annual Amount: 1745.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2023
Sold by
007 Properties Llc Series 3
Bought by
Av Central Llc-Nassau Series
Current Estimated Value
$641,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2021
Sold by
Perry Michael and The Vegas Kidz Living Trust
Bought by
007 Properties Llc Series 3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2021
Sold by
Perry Michael and The Vegas Kidz Living Trust
Bought by
Perry Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2020
Sold by
Perry Michael and Vegas Kidz Living Trust
Bought by
007 Properties Llc

Purchase Details

Closed on
Dec 27, 2019
Sold by
Fire Camp Property Llc
Bought by
Perry Michael and The Mp Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 15, 2019
Sold by
Global American Invest Llc
Bought by
Fire Camp Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,250
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2013
Sold by
Calvie Michel Le
Bought by
Global American Invest Llc

Purchase Details

Closed on
Apr 12, 2013
Sold by
Corrigan Joele
Bought by
Corrigan Michale F

Purchase Details

Closed on
Apr 10, 2013
Sold by
Corrigan Michael F and Corrigan Sean P
Bought by
Lcm Investment Llc

Purchase Details

Closed on
Apr 29, 2009
Sold by
Corrigan Sean P
Bought by
Corrigan Sean P and S & L Corrigan Family Trust

Purchase Details

Closed on
Jan 21, 2000
Sold by
Corrigan Sean P
Bought by
Corrigan Sean P and Corrigan Michael F
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
Av Central Llc-Nassau Series $589,000 Security 1St Title
007 Properties Llc Series 3 -- None Available
Vegas Kidz Living Trust -- None Listed On Document
Perry Michael -- Stewart Title Company Fo
Perry Michael -- Stewart Title Company Fo
007 Properties Llc -- None Available
Perry Michael -- None Available
Perry Michael $150,000 Stewart Title Company F
Fire Camp Property Llc $535,000 Equity Title Of Nevada
Global American Invest Llc $189,000 None Available
Corrigan Michale F -- Chicago Title Of Nevada
Lcm Investment Llc $135,000 Chicago Title Of Nevada D
Corrigan Sean P -- Chicago Title Of Nevada
Corrigan Sean P -- None Available
Corrigan Sean P $600,000 Nevada Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Av Central Llc-Nassau Series $470,000
Previous Owner Perry Michael $292,500
Previous Owner Perry Michael $30,000
Previous Owner Perry Michael $150,000
Previous Owner Fire Camp Property Llc $401,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $589,000 -1.8% $172 / Sq Ft
08/22/2023 08/22/23 For Sale $600,000 0.0% $175 / Sq Ft
08/10/2023 08/10/23 Pending -- -- --
07/29/2023 07/29/23 For Sale $600,000 0.0% $175 / Sq Ft
07/19/2023 07/19/23 Pending -- -- --
07/16/2023 07/16/23 For Sale $600,000 -- $175 / 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 $1,004 $82,757 $45,850 $36,907
2024 $1,705 $82,757 $45,850 $36,907
2023 $1,705 $72,528 $40,250 $32,278
2022 $1,745 $70,271 $40,250 $30,021
2021 $1,626 $60,517 $32,550 $27,967
2020 $849 $53,602 $26,250 $27,352
2019 $795 $50,752 $24,150 $26,602
2018 $759 $47,925 $22,750 $25,175
2017 $1,385 $47,212 $22,750 $24,462
2016 $1,377 $45,027 $21,000 $24,027
2015 $709 $23,648 $14,000 $9,648
2014 $1,019 $22,723 $14,000 $8,723
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2512160

Las Vegas REALTORS®

APN: 162-11-410-076