NOT LISTED FOR SALE

Estimated Value: $798,091 - $891,000

8 Beds
8 Baths
3,976 Sq Ft
$209/Sq Ft Est. Value

Last Sold September 04, 2024

Last sale price $797,000 $200 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,683/month

46 Days on Market

Highlights

  • No HOA
  • Patio
  • Home Security System
  • Balcony
  • Security Guard
  • Laundry Room

About This Home

As of September 2024

Discover 2225 North Jones, a well-maintained fourplex nestled in the northwest submarket adjacent to Summerlin. Built in 1984, this expansive property spans 3,976 SF and offers generously sized units, each featuring two bedrooms, two full bathrooms, and a separate dining room.
Inside, tenants enjoy vinyl plank and tile flooring, brick fireplaces, private laundry rooms with washers & dryers, and spacious exterior entryways ideal for private patios. Security-minded features include storage closets with robust security doors and a comprehensive Ring System.
Outside, the property includes gated entries on each side, a rear parking lot, and a large walled side yard accessible to tenants. Managed by professionals, 2225 North Jones ensures a secure and well-maintained environment.
Current rents range from $1,120 to $1,500 p/unit, yielding a solid 6% CAP after expenses, this investment promises both immediate returns & long-term value in one of Las Vegas's most desirable residential areas.

Last Agent to Sell the Property

Catherine Hyde

Simply Vegas Brokerage Phone: (702) 408-2289 License #S.0070366 Listed on: 07/19/2024

Simply Vegas

Last Buyer's Agent

Catherine Hyde

Simply Vegas Brokerage Phone: (702) 408-2289 License #S.0070366 Listed on: 07/19/2024

Simply Vegas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,095

Year Built

  • Built in 1984

Lot Details

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

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,976 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Storage
  • Home Security System

Kitchen

  • Oven
  • Range
  • Disposal

Flooring

  • Tile
  • Luxury Vinyl Plank Tile

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • Alley Access
  • Paved Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Programmable Thermostat

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Charleston Heights Tr #50J Subdivision

Building Details

  • Maintenance Expense $2,160
  • Professional Management Expense $5,066

Additional Features

  • Laundry Facilities
  • Security Guard

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,095

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • CapRate: 6.03
  • Professional Management Expense: 5066.0
  • Subdivision Name: Charleston Heights Tr #50J
  • Directions: From W Lake Mead Blvd & N Rainbow Blvd Head east on W Lake Mead Blvd Keep right to stay on W Lake Mead Blvd Turn left onto N Jones Blvd 2225 N Jones will be on the right
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1984
  • Attribution Contact: (702) 408-2289
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1984

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Appliances: Disposal, Oven, Range, Refrigerator
  • Flooring: Luxury Vinyl Plank, Tile
  • Interior Amenities: Ceiling Fan(s), Storage, Window Treatments, Programmable Thermostat
  • Living Area: 3976.0
  • Window Features: Blinds

Exterior Features

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

Garage/Parking

  • Parking Features: Alley Access, Paved

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Laundry Room
  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 2700.0

Condo/Co-op/Association

  • Amenities: Laundry, Guard
  • Association: No

Schools

Lot Info

  • Lot Size Sq Ft: 7405.0
  • Additional Parcels Description: ---

Rental Info

  • Tenant Pays: Electricity
  • Lease Term Options: 12 Months

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 60157.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2160.0
  • Annual Operating Expense: 15121.0

Tax Info

  • Tax Annual Amount: 3095.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2024
Closed on
Aug 29, 2024
Sold by
Guardian Property Development 3 Llc
Bought by
Purple Flamingo Llc
Seller's Agent
Catherine Hyde
Simply Vegas
Buyer's Agent
Catherine Hyde
Simply Vegas
List Price
$799,900
Sold Price
$797,000
Premium/Discount to List
-$2,900
-0.36%
Views
19
Current Estimated Value
$830,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,523
Avg. Annual Appreciation
3.89%
Original Mortgage
$597,750
Outstanding Balance
$591,404
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$239,119

Purchase Details

Listed on
May 6, 2022
Closed on
Jul 7, 2022
Sold by
Jones Apartment Llc
Bought by
Guardian Property Development 3 Llc
Seller's Agent
Nancy Hevia
International Realty LV
Buyer's Agent
Antonio Chaidez
Simply Vegas
List Price
$798,000
Sold Price
$790,000
Premium/Discount to List
-$8,000
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.41%
Original Mortgage
$637,500
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2019
Sold by
Ashkenazi Oren and Ashkenazi Denny
Bought by
Jones Apartment Llc

Purchase Details

Listed on
Mar 24, 2018
Closed on
May 21, 2018
Sold by
2225 North Jones Llc
Bought by
Ashkenazi Oren and Ashkenazi Denny
Seller's Agent
Crystal Dieleman
MDB Realty
Buyer's Agent
Rakeisha Smitherman Muirur
International Realty LV Corp
List Price
$395,000
Sold Price
$395,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.62%
Original Mortgage
$296,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 4, 2014
Closed on
May 7, 2015
Sold by
Tran Phong D
Bought by
2225 North Jones Llc
Seller's Agent
Mary McClellan
Trending Realty Group, LLC
Buyer's Agent
Crystal Dieleman
MDB Realty
List Price
$279,900
Sold Price
$247,000
Premium/Discount to List
-$32,900
-11.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.30%
Original Mortgage
$185,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 4, 2014
Closed on
Apr 9, 2015
Sold by
Huynh Le and Huynh Loc
Bought by
Tran Phong D
Seller's Agent
Mary McClellan
Trending Realty Group, LLC
Buyer's Agent
Crystal Dieleman
MDB Realty
List Price
$279,900
Sold Price
$247,000
Premium/Discount to List
-$32,900
-11.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Huynh Le and Huynh Loc

Purchase Details

Closed on
Apr 29, 2009
Sold by
Bradford Daniel and Bradford Delphine
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Mar 3, 2009
Sold by
Bradford Daniel and Bradford Delphine
Bought by
Bradford Daniel and Bradford Delphien

Purchase Details

Closed on
Dec 17, 2005
Sold by
Tuano Edgar and Tuano Susan M
Bought by
Bradford Daniel and Bradford Delphine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
8.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 28, 2004
Sold by
Ongtengco Ken and Ongtengco Rosaliza
Bought by
Tuano Edgar and Tuano Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 18, 2002
Sold by
Hernandez Cirilo Santiago and Garcia Adrian
Bought by
Ongtengco Ken and Ongtengco Rosaliza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,300
Interest Rate
6.28%

Purchase Details

Closed on
Aug 6, 1997
Sold by
Martinez Paula Contreras
Bought by
Hernandez Cirilo Santiago

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,849
Interest Rate
7.57%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 30, 1994
Sold by
Wali Irshad
Bought by
Wali Irshad and Wali 1994 Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Purple Flamingo Llc $797,000 Ticor Title
Guardian Property Development 3 Llc $790,000 First American Title
Jones Apartment Llc -- None Available
Ashkenazi Oren $395,000 First American Title Insu
2225 North Jones Llc $247,000 None Available
Tran Phong D $247,000 Equity Title Of Nevada
Huynh Loc -- Equity Title Of Nevada
Huynh Le -- Equity Title Of Nevada
Huynh Le $175,000 Multiple
Deutsche Bank National Trust Company $259,250 Fidelity National Default So
Bradford Daniel -- None Available
Bradford Daniel $540,000 Stewart Title Of Nevada
Tuano Edgar $360,000 Old Republic Title Co Of Ne
Ongtengco Ken $255,000 Old Republic Title Company
Hernandez Cirilo Santiago -- Land Title
Hernandez Cirilo Santiago $198,000 Land Title
Wali Irshad -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Purple Flamingo Llc $597,750
Previous Owner Guardian Property Development 3 Llc $637,500
Previous Owner Ashkenazi Oren $296,250
Previous Owner Tran Phong D $185,250
Previous Owner Bradford Daniel $432,000
Previous Owner Tuano Edgar $280,000
Previous Owner Ongtengco Ken $168,300
Previous Owner Hernandez Cirilo Santiago $190,849
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2024 09/04/24 Sold $797,000 -0.4% $200 / Sq Ft
07/19/2024 07/19/24 For Sale $799,900 +1.3% $201 / Sq Ft
07/11/2022 07/11/22 Sold $790,000 -1.0% $199 / Sq Ft
06/11/2022 06/11/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $798,000 +102.0% $201 / Sq Ft
05/25/2018 05/25/18 Sold $395,000 0.0% $99 / Sq Ft
04/25/2018 04/25/18 Pending -- -- --
03/24/2018 03/24/18 For Sale $395,000 +59.9% $99 / Sq Ft
04/16/2015 04/16/15 Sold $247,000 -11.8% $62 / Sq Ft
03/17/2015 03/17/15 Pending -- -- --
09/04/2014 09/04/14 For Sale $279,900 -- $70 / 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 $3,342 $116,677 $56,350 $60,327
2024 $3,095 $116,677 $56,350 $60,327
2023 $3,095 $110,091 $53,200 $56,891
2022 $2,866 $91,407 $36,750 $54,657
2021 $2,654 $84,064 $31,500 $52,564
2020 $2,462 $86,011 $32,900 $53,111
2019 $2,307 $84,151 $30,800 $53,351
2018 $2,201 $78,722 $26,600 $52,122
2017 $2,318 $70,710 $18,025 $52,685
2016 $2,061 $70,211 $15,400 $54,811
2015 $2,056 $60,744 $14,000 $46,744
2014 -- $67,132 $12,600 $54,532
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 2600572

Las Vegas REALTORS®

APN: 138-24-117-013