NOT LISTED FOR SALE

Estimated Value: $525,000 - $642,000

8 Beds
4 Baths
3,204 Sq Ft
$186/Sq Ft Est. Value

Last Sold November 15, 2017

Last sale price $253,000 $79 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $3,304/month

67 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Ceramic Tile Flooring
  • Community Storage Space

About This Home

As of November 2017

Great 4-plex with all units rented at or below market rents, rents can be raised. 2500 and 2506 Ellis are for sale as well, total of 12 units, 3 4-plexs for sale. These units all sit on large lots and are in good condition.

Last Agent to Sell the Property

Sean Evenden

LIFE Realty District License #B.0036480 Listed on: 08/09/2017

LIFE Realty District

Last Buyer's Agent

Juan Aguirre

Century 21 Americana License #S.0170965

Century 21 Americana

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $975

Year Built

  • Built in 1963

Lot Details

  • 8,712 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Pitched Roof

Interior Spaces

  • 3,204 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 5 Parking Spaces
  • Assigned Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, rent only

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Arrowhead Acres Tract Subdivision

Additional Features

  • Community Storage Space
  • Maintenance Expense $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$975

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.2
  • Subdivision Name: ARROWHEAD ACRES TRACT
  • Directions: From Civic Center(Eastern) and Lake Mead go 6 block east to Ellis, north 2 1/2 blocks to the properties on the right.
  • Architectural Style: Fourplex
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: RESALE
  • Year Built: 1963
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1963

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator
  • Flooring: Carpet, Ceramic Tile

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 5.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 2400.0

Condo/Co-op/Association

  • Amenities: Storage
  • Association: No

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity, Rent Only

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 26600.0
  • Insurance Expense: 500.0
  • Maintenance Expense: 500.0
  • Annual Operating Expense: 4375.0

Tax Info

  • Tax Annual Amount: 975.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2017
Closed on
Nov 14, 2017
Sold by
Evenden Sean
Bought by
Ruiz Eric Lino
Seller's Agent
Sean Evenden
LIFE Realty District
Buyer's Agent
Juan Aguirre
Century 21 Americana
List Price
$299,999
Sold Price
$253,000
Premium/Discount to List
-$46,999
-15.67%
Current Estimated Value
$574,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,262
Avg. Annual Appreciation
10.77%
Original Mortgage
$245,471
Outstanding Balance
$208,228
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$349,780

Purchase Details

Listed on
Feb 29, 2016
Closed on
Nov 10, 2016
Sold by
Evenden Jeanine H
Bought by
Evenden Sean
Seller's Agent
Adam Fenn
Compass Realty & Management
Buyer's Agent
Nancy Haack
Royal Diamond Realty
List Price
$50,000
Sold Price
$170,000
Premium/Discount to List
$120,000
240%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.31%
Original Mortgage
$127,500
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2004
Sold by
Zavala Jose M
Bought by
Zavala Margarita S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 21, 2003
Sold by
Cervantes Pedro
Bought by
Cervantes Jose N and Cano Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.46%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 10, 1999
Sold by
Villanueva Rene
Bought by
Cervantes Jose N and Cano Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,750
Interest Rate
7.82%

Purchase Details

Closed on
Jul 29, 1997
Sold by
Villanueva Estrella M
Bought by
Villanueva Rene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,400
Interest Rate
7.58%
Mortgage Type
Balloon
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
Ruiz Eric Lino $253,000 Equity Title Of Nevada
Evenden Sean -- Linear Title & Closing Ltd
Evenden Sean $170,000 Linear Title & Closing Ltd
Zavala Margarita S -- Land Title Of Nevada
Zavala Margarita S $240,000 Land Title Of Nevada
Cervantes Jose N -- Ticor Title Of Nevada Inc
Cervantes Jose N $165,000 First American Title Co
Villanueva Rene -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruiz Eric Lino $245,471
Previous Owner Evenden Sean $127,500
Previous Owner Zavala Margarita S $273,000
Previous Owner Zavala Margarita S $180,000
Previous Owner Cervantes Jose N $160,000
Previous Owner Cervantes Jose N $156,750
Previous Owner Villanueva Rene $92,400
Closed Zavala Margarita S $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2017 11/15/17 Sold $253,000 -15.7% $79 / Sq Ft
10/16/2017 10/16/17 Pending -- -- --
08/09/2017 08/09/17 For Sale $299,999 +76.5% $94 / Sq Ft
11/28/2016 11/28/16 Sold $170,000 +240.0% $53 / Sq Ft
10/29/2016 10/29/16 Pending -- -- --
02/29/2016 02/29/16 For Sale $50,000 -- $16 / 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 $1,581 $74,752 $43,750 $31,002
2024 $1,464 $74,752 $43,750 $31,002
2023 $975 $70,913 $43,750 $27,163
2022 $1,356 $60,249 $35,000 $25,249
2021 $1,256 $53,214 $29,750 $23,464
2020 $1,163 $52,103 $29,050 $23,053
2019 $1,090 $46,880 $24,500 $22,380
2018 $1,040 $42,140 $21,000 $21,140
2017 $1,306 $38,945 $18,200 $20,745
2016 $975 $32,948 $12,600 $20,348
2015 $972 $30,842 $11,200 $19,642
2014 $941 $27,231 $8,400 $18,831
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1921653

Las Vegas REALTORS®

APN: 139-13-410-166