NOT LISTED FOR SALE

1648 Stevens St Las Vegas, NV 89115

Estimated Value: $362,358 - $661,000

8 Beds
4 Baths
3,196 Sq Ft
$180/Sq Ft Est. Value

Last Sold June 13, 2012

Last sale price $100,000 $31 Per Sq Ft

Est. 474% increase in value since last sale

Current estimated payment $3,270/month

216 Days on Market

Highlights

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

About This Home

As of June 2012

For experienced Investors only.Units need some work. This is a dense rental area. The exterior of the building shows well. This is a short sale with only one lender. This is a real opportunity for the right buyer.

Last Agent to Sell the Property

Sharon Swanton

Anchor Realty Group License #BS.0001180 Listed on: 10/10/2011

Last Buyer's Agent

Juana Franco

Real Broker LLC License #S.0028699

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,069

Year Built

  • Built in 1983

Lot Details

  • 9,310 Sq Ft Lot
  • Property is in average condition

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,196 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring

Kitchen

  • Oven
  • Range

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 6 / 6

Community Details

Overview

  • No Home Owners Association
  • Melchionne Park Subdivision

Building Details

  • Maintenance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,069

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.21
  • CapRate: 2.61
  • Subdivision Name: MELCHIONNE PARK
  • Directions: East on Owens to Stevens, North on Stevens.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1983
  • ResoPropertyType: Residential
  • Special Features: 12
  • Stories: 2
  • Year Built: 1983

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator
  • Flooring: Ceramic Tile
  • Interior Amenities: None

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 800.0

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 9310.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 5400.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 1200.0
  • Annual Operating Expense: 2800.0

Tax Info

  • Tax Annual Amount: 1069.0
  • Tax Block: 6
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2011
Closed on
Jun 8, 2012
Sold by
Bisou Ana and Bisou Hazel
Bought by
Jaramillo Lorena C
Seller's Agent
Sharon Swanton
Anchor Realty Group
Buyer's Agent
Juana Franco
Real Broker LLC
List Price
$99,500
Sold Price
$100,000
Premium/Discount to List
$500
0.5%
Total Days on Market
216
Current Estimated Value
$574,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$474,340
Avg. Annual Appreciation
14.42%
Original Mortgage
$98,188
Outstanding Balance
$70,547
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$503,793

Purchase Details

Listed on
Oct 10, 2011
Closed on
May 9, 2012
Sold by
Jaramillo Juventino
Bought by
Jaramillo Lorena C
Seller's Agent
Sharon Swanton
Anchor Realty Group
Buyer's Agent
Juana Franco
Real Broker LLC
List Price
$99,500
Sold Price
$100,000
Premium/Discount to List
$500
0.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,188
Outstanding Balance
$70,547
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$503,793

Purchase Details

Closed on
Jan 30, 2006
Sold by
Nyborg Gary D and Nyborg Brenda
Bought by
Bisou Ana and Bisou Hazel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
7.75%
Mortgage Type
Negative Amortization
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
Jaramillo Lorena C $100,000 Chicago Title Las Vegas
Jaramillo Lorena C -- Chicago Title Las Vegas
Bisou Ana $380,000 First Amer Title Co Of Nv
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaramillo Lorena C $98,188
Previous Owner Bisou Ana $266,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2012 06/13/12 Sold $100,000 +0.5% $31 / Sq Ft
05/14/2012 05/14/12 Pending -- -- --
10/10/2011 10/10/11 For Sale $99,500 -- $31 / 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 $2,665 $89,828 $43,750 $46,078
2024 $3,337 $89,828 $43,750 $46,078
2023 $3,337 $86,697 $43,050 $43,647
2022 $1,182 $77,085 $35,000 $42,085
2021 $1,755 $70,273 $29,750 $40,523
2020 $1,014 $68,839 $27,650 $41,189
2019 $950 $65,132 $23,800 $41,332
2018 $907 $55,730 $15,400 $40,330
2017 $1,608 $54,828 $14,000 $40,828
2016 $850 $43,245 $10,500 $32,745
2015 $946 $39,076 $7,000 $32,076
2014 $920 $48,907 $7,000 $41,907
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1192806

Las Vegas REALTORS®

APN: 140-19-411-006