NOT LISTED FOR SALE

Estimated Value: $557,000 - $624,000

8 Beds
4 Baths
2,924 Sq Ft
$201/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $495,000 $169 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,241/month

11 Days on Market

Highlights

  • Storage
  • Central Heating and Cooling System
  • Carpet

About This Home

As of July 2021

GREAT INVESTMENT PROPERTY, ONE UNIT REHABBED WITH TREMENDOUS UPSIDE POTENTIAL FOR THIS VALUE ADD 4PLEX. ONE UNIT IS CURRENLTY AVAILABLE, LONG TERM TENANTS IN PLACE .

Last Agent to Sell the Property

Stacy Brazill

Brazill Team Real Estate License #B.0007957 Listed on: 05/28/2021

Last Buyer's Agent

Catherine Hyde

Simply Vegas License #S.0070366

Simply Vegas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,422

Year Built

  • Built in 1977

Lot Details

  • 6,970 Sq Ft Lot
  • Property is in average condition

Parking

  • Unpaved Parking

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,924 Sq Ft Home
  • 2-Story Property
  • Storage
  • Carpet

Kitchen

  • Oven
  • Range

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 4 Units
  • Westminister Sub Amd Subdivision

Building Details

  • Maintenance Expense $245
  • Professional Management Expense $3,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,422

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • CapRate: 5.4
  • Professional Management Expense: 3840.0
  • Subdivision Name: Westminister Sub Amd
  • Directions: I215 EAST TO LAKE MEAD EAST, R ON BURKHOLDER, R ON COLLINS, L ON WESTMINSTER WAY.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1977
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1977

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator
  • Flooring: Carpet, Other
  • Interior Amenities: Storage
  • Living Area: 2924.0

Exterior Features

  • Construction Type: Wood Frame
  • Property Condition: Average Condition, Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Unpaved

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 4080.0

Condo/Co-op/Association

  • Amenities: None

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
  • Annual Gross Income: 40000.0
  • Insurance Expense: 1390.0
  • Maintenance Expense: 245.0
  • Annual Operating Expense: 11817.0

Tax Info

  • Tax Annual Amount: 1422.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2021
Closed on
Jul 2, 2021
Sold by
Mcmurray Nicholas and Mcmurray Jackline Gibo
Bought by
Patel Capital Llc
Seller's Agent
Stacy Brazill
Brazill Team Real Estate
Buyer's Agent
Catherine Hyde
Simply Vegas
List Price
$515,000
Sold Price
$495,000
Premium/Discount to List
-$20,000
-3.88%
Current Estimated Value
$588,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,523
Avg. Annual Appreciation
4.10%

Purchase Details

Closed on
Jun 11, 2020
Sold by
Mcmurray Nicholas and Mcmurray Jackline Gibo
Bought by
Mcmurray Nicholas and Mcmurray Jackline Gibo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,500
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 22, 2018
Closed on
Aug 15, 2018
Sold by
Famid Henderson Llc
Bought by
Mcmurray Nicholas Joseph and Mcmurray Jackline Gibo
Seller's Agent
Melissa Collins
THE Brokerage A RE Firm
Buyer's Agent
Michael Rebarchick
Refined Living A RE Brokerage
List Price
$340,000
Sold Price
$310,600
Premium/Discount to List
-$29,400
-8.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.28%
Original Mortgage
$210,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2006
Sold by
Darson Blackwell Llc
Bought by
Henderson Apartments Llc and Famid Henderson Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,956
Interest Rate
10%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 16, 2004
Sold by
Shannon Holdings Llc
Bought by
Castello Edward and Castello Julie F

Purchase Details

Closed on
Sep 24, 1997
Sold by
Walters Alton J
Bought by
Walters Alton J and Solomons Edge Inc

Purchase Details

Closed on
Sep 23, 1997
Sold by
Walters Alton J
Bought by
Casey Richards Family Ltd Partnership

Purchase Details

Closed on
Feb 14, 1997
Sold by
Walters Sandra L and Walters Alton J
Bought by
Walters Alton J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,300
Interest Rate
7.86%
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
Patel Capital Llc $495,000 Clear Title Company
Mcmurray Nicholas -- Stewart Title Company F
Mcmurray Nicholas Joseph $310,600 Fidelity National Title
Henderson Apartments Llc $8,000,000 Fidelity National Title
Castello Edward $576,500 Ticor Title Of Nevada Inc
Walters Alton J -- Nevada Title Company
Casey Richards Family Ltd Partnership -- Nevada Title Company
Walters Alton J -- Nevada Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcmurray Nicholas $215,500
Previous Owner Mcmurray Nicholas Joseph $210,000
Previous Owner Henderson Apartments Llc $86,956
Previous Owner Walters Alton J $92,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/09/2021 07/09/21 Sold $495,000 0.0% $169 / Sq Ft
06/21/2021 06/21/21 Rented $925 0.0% --
06/09/2021 06/09/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $515,000 0.0% $176 / Sq Ft
05/22/2021 05/22/21 Under Contract -- -- --
04/29/2021 04/29/21 For Rent $925 0.0% --
08/17/2018 08/17/18 Sold $310,600 -8.6% $106 / Sq Ft View Prior Sale
07/18/2018 07/18/18 Pending -- -- --
05/22/2018 05/22/18 For Sale $340,000 -- $116 / 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 $1,932 $82,890 $50,400 $32,490
2024 $1,789 $82,890 $50,400 $32,490
2023 $1,789 $79,142 $47,600 $31,542
2022 $1,657 $72,725 $42,000 $30,725
2021 $1,534 $62,082 $32,200 $29,882
2020 $1,422 $61,803 $31,150 $30,653
2019 $1,333 $54,808 $23,800 $31,008
2018 $1,271 $48,687 $18,200 $30,487
2017 $1,388 $47,892 $16,800 $31,092
2016 $1,191 $45,415 $12,600 $32,815
2015 $1,190 $43,976 $11,200 $32,776
2014 $1,153 $38,622 $11,200 $27,422
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2299376

Las Vegas REALTORS®

APN: 179-17-210-018