NOT LISTED FOR SALE

225 N 9th St Las Vegas, NV 89101

Downtown Las Vegas Neighborhood

Estimated Value: $372,000 - $955,000

-- Bed
2 Baths
636 Sq Ft
$1,027/Sq Ft Est. Value

Last Sold June 30, 2015

Last sale price $180,000 $283 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $2,773/month

325 Days on Market

About This Home

As of June 2015

GREAT CORNER COMMERCIAL PARCEL LOCATED IN DOWNTOWN LAS VEGAS REDEVELOPMENT DISTRICT JUST EAST OF ZAPPOS AND NORTH OF NEW CONTAINER PARK. PROPERTIES ON BOTH SIDES CURRENTLY BEING REDESIGNED. CURRENTLY SHOWS AS A DUPLEX - GREAT WAY TO GET INTO THE EXPLODING DOWNTOWN MARKET FOR A GREAT DEAL!

Last Agent to Sell the Property

Brian Horner

Real Estate One LLC License #B.0016647 Listed on: 07/09/2014

Real Estate One LLC

Last Buyer's Agent

Admin Assistant

NON-MLS OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $315

Year Built

  • Built in 1934

Lot Details

  • 4,792 Sq Ft Lot
  • Property is in average condition

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 636 Sq Ft Home
  • 1-Story Property

Utilities

  • Central Heating and Cooling System

Community Details

  • Bucks Sub Subdivision
  • Maintenance Expense $200

Listing and Financial Details

  • Legal Lot and Block 15 / 16

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$315

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • CapRate: 1.21
  • Subdivision Name: BUCKS SUB
  • Directions: From the 95 and Las Vegas Blvd, South on Las Vegas Blvd, Left on Stewart, Right on 9th. Property is corner lot on your right side.
  • Architectural Style: Duplex
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: RESALE
  • Year Built: 1934
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1934

Interior Features

  • Number Of Buildings: 1
  • Flooring: Other
  • Interior Amenities: None
  • Living Area: 636.0

Exterior Features

  • Disclosures: Principal is Real Estate Licensed
  • Construction Type: Stucco
  • Property Condition: Average Condition, Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 200.0

Condo/Co-op/Association

  • Amenities: None

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 4792.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 4200.0
  • Insurance Expense: 400.0
  • Maintenance Expense: 200.0
  • Annual Operating Expense: 1000.0

Tax Info

  • Tax Annual Amount: 315.0
  • Tax Block: 16
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2020
Sold by
Paul Alainah
Bought by
Mardirossian Sevag
Current Estimated Value
$491,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$668,000
Outstanding Balance
$596,874
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
-$217,874

Purchase Details

Closed on
Jan 24, 2020
Sold by
Mardirossian Sevag
Bought by
Ballsagna Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$668,000
Outstanding Balance
$596,874
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
-$217,874

Purchase Details

Closed on
Dec 4, 2017
Sold by
Mardirossian Sevag
Bought by
Charleston Maonr Sub B Llc

Purchase Details

Listed on
Jul 9, 2014
Closed on
Jun 30, 2015
Sold by
London Bri Llc
Bought by
Amw Properties Llc
Seller's Agent
Brian Horner
Real Estate One LLC
Buyer's Agent
Admin Assistant
NON-MLS OFFICE
List Price
$299,900
Sold Price
$180,000
Premium/Discount to List
-$119,900
-39.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.63%
Original Mortgage
$150,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2013
Sold by
Sanchez Matilda
Bought by
Cahill John J and Estate Of Lewis Warren
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
Mardirossian Sevag -- First American Title Ncs
Ballsagna Llc $1,650,000 First American Title Ncs
Charleston Maonr Sub B Llc -- None Available
The V Draquilia V Nevsada Irrevocable Tr -- None Available
Amw Properties Llc $180,000 Netco
Cahill John J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ballsagna Llc $668,000
Closed Ballsagna Llc $648,000
Closed Ballsagna Llc $810,000
Previous Owner Charleston Manor Sub B Llc $190,000
Previous Owner Amw Properties Llc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2015 06/30/15 Sold $180,000 -40.0% $283 / Sq Ft
05/31/2015 05/31/15 Pending -- -- --
07/09/2014 07/09/14 For Sale $299,900 -- $472 / 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 $981 $75,458 $75,458 --
2024 $909 $75,458 $75,458 --
2023 $909 $67,074 $67,074 $0
2022 $842 $58,690 $58,690 $0
2021 $780 $58,690 $58,690 $0
2020 $721 $58,690 $58,690 $0
2019 $676 $58,690 $58,690 $0
2018 $645 $58,690 $58,690 $0
2017 $1,099 $33,537 $33,537 $0
2016 $338 $14,228 $9,450 $4,778
2015 $336 $12,171 $7,560 $4,611
2014 $325 $9,624 $7,560 $2,064
Source: Public Records

Agents Affiliated with this Home

  • Brian Horner

    Seller's Agent in 2015

    Brian Horner

    Real Estate One LLC

    (702) 498-4444

    1 in this area

    227 Total Sales

    Section Image

  • A

    Buyer's Agent in 2015

    Admin Assistant

    NON-MLS OFFICE

    (702) 260-1003

    44 in this area

    5,383 Total Sales

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Map

Source: Las Vegas REALTORS®

MLS Number: 1461191

Las Vegas REALTORS®

APN: 139-34-612-042

Nevada Clark County Las Vegas 89101 Downtown Las Vegas

225 N 9th St, Las Vegas, NV

This home is located at 225 N 9th St, Las Vegas, NV 89101 since 09 July 2014 and is currently estimated at $653,000, approximately $1,026 per square foot. This property was built in 1934. 225 N 9th St is a home located in Clark County with nearby schools including Howard E Hollingsworth Elementary School, Roy West Martin Middle School, and Rancho High School.

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