NOT LISTED FOR SALE

1507 Lake Placid Terrace Unit 1 Henderson, NV 89014

Gibson Springs Neighborhood

Estimated Value: $257,000 - $262,000

2 Beds
2 Baths
1,149 Sq Ft
$175/mo HOA Fee

Last Sold October 21, 2019

Last sale price $170,000 $148 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,627/month

73 Days on Market

Highlights

  • Pool and Spa
  • Main Floor Primary Bedroom
  • Guest Parking
  • Clubhouse
  • Covered Patio or Porch
  • 1 Detached Carport Space

About This Home

As of October 2019

WOW!! 2 masters located in the heart of shopping and Green Valley High school area. view of community pool

Last Agent to Sell the Property

Marjorie Lewis

THE Brokerage A RE Firm License #S.0044725 Listed on: 07/09/2019

Last Buyer's Agent

MARIA ANTIKOLL

Realty ONE Group, Inc License #S.0068331

Realty ONE Group, Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $615

Year Built

  • Built in 1993

Lot Details

  • West Facing Home
  • Property is in average condition

HOA Fees

  • $175 Monthly HOA Fees

Interior Spaces

  • 1,149 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Family Room with Fireplace

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 1 Detached Carport Space
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Pool and Spa
  • Covered Patio or Porch

Schools

  • Bartlett Selma Elementary School
  • Greenspun Middle School
  • Green Valley High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Underground Utilities

Community Details

Overview

  • Association fees include ground maintenance, trash
  • Desert Linn Association, Phone Number (702) 795-3344
  • Desert Linn Condo Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$615

Year Built

Built in 1993

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Ownership: Condominium
  • Subdivision Name: DESERT LINN CONDO
  • Directions: From: Stephanie & Warm Springs, west on warm springs left on Annabelle, right into complex, first building on left #5
  • Architectural Style: Two Story
  • Carport Y N: Yes
  • Garage Yn: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1993
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1993

Interior Features

  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Family Room, Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Linoleum, Vinyl
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), Primary Downstairs
  • Living Area: 1149.0
  • Window Features: Blinds

Exterior Features

  • Fencing: None
  • Lot Features: < 1/4 Acre
  • Pool Features: Pool/Spa Combo, Community
  • Pool Private: No
  • Disclosures: Covenants/Restrictions Disclosure
  • Direction Faces: West
  • Exterior Features: Patio
  • Patio And Porch Features: Covered, Patio
  • Property Condition: Average Condition, Resale
  • Roof: Other

Garage/Parking

  • Carport Spaces: 1.0
  • Parking Features: Assigned, Covered, Detached Carport, Guest

Utilities

  • Laundry Features: Gas Dryer Hookup, Main Level
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Clubhouse, Pool, Spa/Hot Tub
  • Association Fee: 175.0
  • Association Fee Frequency: Monthly
  • Association Name: Desert Linn
  • Phone: 702-795-3344
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Maintenance Grounds, Trash

Schools

  • Elementary School: Bartlett Selma,Bartlett Selma
  • High School: Green Valley
  • Middle Or Junior School: Greenspun

Lot Info

  • Current Use: Residential
  • Horse Amenities: None
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 615.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2019
Closed on
Oct 15, 2019
Sold by
Faulkner Nicole
Bought by
Fernandez Jose M
Seller's Agent
Marjorie Lewis
THE Brokerage A RE Firm
Buyer's Agent
MARIA ANTIKOLL
Realty ONE Group, Inc
List Price
$179,900
Sold Price
$170,000
Premium/Discount to List
-$9,900
-5.5%
Current Estimated Value
$259,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,978
Avg. Annual Appreciation
7.66%
Original Mortgage
$175,610
Interest Rate
3.4%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 1, 2005
Sold by
Burnett Raymonde
Bought by
Burnett Raymonde F and The Burnett Family Trust

Purchase Details

Closed on
Jun 25, 2002
Sold by
Cox Laverne T and Cox Archie K
Bought by
Burnett Raymonde

Purchase Details

Closed on
Jun 14, 1999
Sold by
Pennock Terry L and Pennock Dawn R
Bought by
Cox Archie K and Cox Laverne T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,050
Interest Rate
7.4%

Purchase Details

Closed on
Apr 25, 1994
Sold by
Desert Creek Ltd Partnership
Bought by
Pennock Terry L and Pennock Dawn R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
4.87%
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
Fernandez Jose M $170,000 Ticor Title Las Vegas Tiv
Burnett Raymonde F -- --
Burnett Raymonde $98,000 First American Title Co
Cox Archie K $88,500 Old Republic Title Company
Pennock Terry L $79,000 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fernandez Jose M $196,840
Closed Fernandez Jose M $176,829
Closed Fernandez Jose M $175,610
Previous Owner Cox Archie K $84,050
Previous Owner Pennock Terry L $71,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2019 10/21/19 Sold $170,000 -5.5% $148 / Sq Ft
09/21/2019 09/21/19 Pending -- -- --
07/09/2019 07/09/19 For Sale $179,900 -- $157 / 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 $799 $49,215 $21,700 $27,515
2024 $776 $49,215 $21,700 $27,515
2023 $776 $49,015 $23,450 $25,565
2022 $754 $44,405 $20,650 $23,755
2021 $732 $42,704 $19,600 $23,104
2020 $707 $42,617 $19,600 $23,017
2019 $687 $37,201 $14,350 $22,851
2018 $655 $31,838 $9,450 $22,388
2017 $900 $31,046 $8,050 $22,996
2016 $615 $29,204 $5,950 $23,254
2015 $612 $24,617 $4,900 $19,717
2014 $594 $19,906 $5,600 $14,306
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2113433

Las Vegas REALTORS®

APN: 178-09-512-033