NOT LISTED FOR SALE

Estimated Value: $313,519 - $560,000

3 Beds
4 Baths
2,808 Sq Ft
$154/Sq Ft Est. Value

Last Sold November 29, 2013

Last sale price $125,000 $45 Per Sq Ft

Est. 246% increase in value since last sale

Current estimated payment $2,466/month

70 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • 1-Story Property
  • Intercom
  • Laundry Facilities

About This Home

As of November 2013

100% leased and newly renovated 3-plex. One 3 bedroom, 2 bathroom unit & Two 2 bedroom, 1 bathroom units. Leased at Below market rents, a perfect opportunity for an investor to take advantage of an add-value opportunity.

Last Agent to Sell the Property

Brendan Keating

Logic Commercial Real Estate License #B.0068678 Listed on: 08/20/2013

Last Buyer's Agent

Roger Melvin

Simply Vegas License #BS.0020966

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $773

Year Built

  • Built in 1974

Lot Details

  • 8,276 Sq Ft Lot
  • Property is in good condition

Home Design

  • Triplex
  • Wood Frame Construction
  • Pitched Roof

Interior Spaces

  • 2,808 Sq Ft Home
  • 1-Story Property
  • Intercom

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet

Parking

  • 6 Parking Spaces
  • Paved Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 4 / 38

Community Details

Overview

  • 2 Units
  • Arrowhead Acres Tract Subdivision

Additional Features

  • Laundry Facilities
  • Maintenance Expense $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$773

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.19
  • CapRate: 11.05
  • Subdivision Name: ARROWHEAD ACRES TRACT
  • Directions: Take Las Vegas BLVD. North, go east on Carey, and south onto Statz.
  • Architectural Style: Triplex
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Triplex
  • Year Built Details: RESALE
  • Year Built: 1974
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Stories: 1
  • Year Built: 1974

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator
  • Other Equipment: Intercom
  • Flooring: Carpet, Hardwood, Other
  • Living Area: 2808.0

Exterior Features

  • Disclosures: Principal is Real Estate Licensed
  • Construction Type: Wood Frame
  • Property Condition: Good Condition, Resale
  • Roof: Pitched

Garage/Parking

  • Parking Features: Paved
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 700.0

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 8276.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 16815.0
  • Insurance Expense: 400.0
  • Maintenance Expense: 500.0
  • Annual Operating Expense: 3000.0

Tax Info

  • Tax Annual Amount: 773.0
  • Tax Block: 38
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2013
Closed on
Nov 14, 2013
Sold by
Gir Llc
Bought by
Moreno Sergio
Seller's Agent
Brendan Keating
Logic Commercial Real Estate
Buyer's Agent
Roger Melvin
Simply Vegas
List Price
$133,500
Sold Price
$125,000
Premium/Discount to List
-$8,500
-6.37%
Current Estimated Value
$432,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,130
Avg. Annual Appreciation
10.65%
Original Mortgage
$122,735
Outstanding Balance
$92,158
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$317,505

Purchase Details

Closed on
Apr 13, 2013
Sold by
Seibold Glenn L and Seibold Laurel A
Bought by
Gir Llc

Purchase Details

Closed on
Feb 22, 2012
Sold by
Aguilar Silvano
Bought by
Seibold Glenn L and Seibold Laurel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,012
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 1993
Sold by
Cisneros Henry G
Bought by
Aguilar Silvano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,919
Interest Rate
6.74%
Mortgage Type
FHA
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
Moreno Sergio $125,000 Nevada Title Las Vegas
Gir Llc $50,000 First American Title Ncs La
Seibold Glenn L $69,350 First American Title Howard
Aguilar Silvano -- Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moreno Sergio $122,735
Previous Owner Gir Llc $110,000
Previous Owner Seibold Glenn L $52,012
Previous Owner Aguilar Silvano $188,867
Previous Owner Aguilar Silvano $105,000
Previous Owner Aguilar Silvano $89,919
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2013 11/29/13 Sold $125,000 -6.4% $45 / Sq Ft
10/30/2013 10/30/13 Pending -- -- --
08/20/2013 08/20/13 For Sale $133,500 -- $48 / 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 $1,338 $61,628 $35,000 $26,628
2024 $1,240 $61,628 $35,000 $26,628
2023 $825 $57,964 $33,250 $24,714
2022 $1,148 $52,261 $28,000 $24,261
2021 $1,063 $46,503 $22,750 $23,753
2020 $984 $45,477 $21,000 $24,477
2019 $923 $43,456 $18,550 $24,906
2018 $880 $40,369 $15,750 $24,619
2017 $1,316 $39,241 $14,000 $25,241
2016 $825 $37,392 $10,500 $26,892
2015 $822 $32,223 $5,250 $26,973
2014 $797 $23,967 $5,250 $18,717
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1375450

Las Vegas REALTORS®

APN: 139-24-110-281