NOT LISTED FOR SALE

Estimated Value: $533,000 - $749,000

8 Beds
4 Baths
3,774 Sq Ft
$169/Sq Ft Est. Value

Last Sold December 19, 2014

Last sale price $220,000 $58 Per Sq Ft

Est. 190% increase in value since last sale

Current estimated payment $3,540/month

65 Days on Market

Highlights

  • 0.29 Acre Lot
  • No HOA
  • Laundry Room
  • Wood Flooring
  • Community Playground
  • Central Heating and Cooling System

About This Home

As of December 2014

GREAT INVESTMENT OPORTUNITY. PROPERTY IS IN GOOD CONDITION. ALL 4 UNITS ARE 2 BEDROOMS AND 2 BATHS. ALL 4 UNITS CURRENT FULLY OCCUPIED. THERE ARE 10 PARKING SPACES AND 4 STORAGE UNITS. ALL UNITS HAVE TITLE AND HARDWOOD FLOORS IN THE BEDROOMS. TENANTS PAY THEIR OWN UTILITIES.

Last Agent to Sell the Property

B Monique Wilson

Black & Cherry Real Estate License #BS.0038541 Listed on: 09/14/2014

Last Buyer's Agent

Roberta Stevenson

RE/MAX United License #S.0022076

RE/MAX United

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,121

Year Built

  • Built in 1983

Lot Details

  • 0.29 Acre Lot
  • Property is in excellent condition

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,774 Sq Ft Home
  • 2-Story Property
  • Drapes & Rods
  • Laundry Room

Kitchen

  • Oven
  • Range with Range Hood

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 10 Parking Spaces
  • Paved Parking
  • Assigned Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 2 / 2

Community Details

Overview

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

Recreation

  • Community Playground

Additional Features

  • Community Storage Space
  • Maintenance Expense $10

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,121

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.29
  • CapRate: 11.05
  • Subdivision Name: ARROWHEAD ACRES TRACT
  • Directions: LAKE MEAD & CIVIC CENTER DRIVE. EAST ON LAKE MEAD, LEFT ON CARROLL ST. FIRST PROPERTY TO THE RIGHT.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1983
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2
  • Year Built: 1983

Interior Features

  • Number Of Buildings: 1
  • Appliances: Exhaust Fan, Oven, Range, Refrigerator, Range Hood
  • Flooring: Ceramic Tile, Hardwood
  • Living Area: 3774.0
  • Window Features: Drapes

Exterior Features

  • Construction Type: Stucco
  • Property Condition: Excellent, Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Assigned, Paved
  • Total Parking Spaces: 10.0

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 15.0

Condo/Co-op/Association

  • Amenities: Playground, Storage
  • Association: No

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 12632.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 28512.0
  • Insurance Expense: 80.0
  • Maintenance Expense: 10.0
  • Annual Operating Expense: 2000.0

Tax Info

  • Tax Annual Amount: 1121.0
  • Tax Block: 2
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2014
Closed on
Dec 18, 2014
Sold by
Ismail Elmawla Shehady K
Bought by
Mawla Maya Al
Seller's Agent
B Monique Wilson
Black & Cherry Real Estate
Buyer's Agent
Roberta Stevenson
RE/MAX United
List Price
$259,900
Sold Price
$220,000
Premium/Discount to List
-$39,900
-15.35%
Current Estimated Value
$638,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,163
Avg. Annual Appreciation
10.27%
Original Mortgage
$157,500
Outstanding Balance
$121,693
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$510,115

Purchase Details

Listed on
Sep 14, 2014
Closed on
Dec 15, 2014
Sold by
Garcia Esparza Cruz and Garcia Rosalina
Bought by
Mawla Maya Al
Seller's Agent
B Monique Wilson
Black & Cherry Real Estate
Buyer's Agent
Roberta Stevenson
RE/MAX United
List Price
$259,900
Sold Price
$220,000
Premium/Discount to List
-$39,900
-15.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Outstanding Balance
$121,693
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$510,115

Purchase Details

Closed on
Oct 30, 2002
Sold by
Ramirez Juan M
Bought by
Garcia Esparza Cruz and Garcia Rosalina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,300
Interest Rate
5.99%

Purchase Details

Closed on
Jun 27, 1997
Sold by
Ramirez Yolanda
Bought by
Ramirez Juan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,100
Interest Rate
7.91%

Purchase Details

Closed on
May 12, 1997
Sold by
Bott Clarence Eugene and Bott Sharon L
Bought by
Ramirez Juan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,100
Interest Rate
7.91%
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
Mawla Maya Al -- Chicago Title Las Vegas
Mawla Maya Al $235,000 Chicago Title Las Vegas
Garcia Esparza Cruz $227,000 Nevada Title Company
Ramirez Juan M -- Old Republic Title Company
Ramirez Juan M $154,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mawla Maya Al $157,500
Previous Owner Garcia Esparza Cruz $204,300
Previous Owner Ramirez Juan M $146,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2014 12/19/14 Sold $220,000 -15.4% $58 / Sq Ft
11/19/2014 11/19/14 Pending -- -- --
09/14/2014 09/14/14 For Sale $259,900 -- $69 / 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 $1,882 $97,359 $43,750 $53,609
2024 $1,743 $97,359 $43,750 $53,609
2023 $1,160 $94,459 $43,750 $50,709
2022 $1,614 $83,815 $35,000 $48,815
2021 $1,495 $76,735 $29,750 $46,985
2020 $1,385 $76,720 $29,050 $47,670
2019 $1,298 $70,572 $22,750 $47,822
2018 $1,239 $67,724 $21,000 $46,724
2017 $2,151 $64,128 $16,800 $47,328
2016 $1,160 $61,805 $12,600 $49,205
2015 $1,157 $60,024 $11,200 $48,824
2014 $1,121 $37,567 $8,400 $29,167
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1479894

Las Vegas REALTORS®

APN: 139-13-410-019