NOT LISTED FOR SALE

Estimated Value: $401,958 - $789,000

8 Beds
4 Baths
3,466 Sq Ft
$177/Sq Ft Est. Value

Last Sold March 14, 2014

Last sale price $172,000 $50 Per Sq Ft

Est. 258% increase in value since last sale

Current estimated payment $3,446/month

7 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Balcony

About This Home

As of March 2014

Built in 1981. 3 units renovated in 2013, 1 unit was renovated in 2014. Extra Large 2 bedroom units with Full Size washer and dryer hookups in each unit, sliding glass door with private covered patio access. Pitched roof. Plenty of parking. All units are occupied. NO HOA!

Last Agent to Sell the Property

John Withers

Keller Williams Southern NV License #BS.0143590 Listed on: 02/04/2014

Last Buyer's Agent

John Withers

Keller Williams Southern NV License #BS.0143590 Listed on: 02/04/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,187

Year Built

  • Built in 1981

Lot Details

  • 6,970 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Pitched Roof
  • Stucco

Interior Spaces

  • 3,466 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 14 / 50

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • East Vegas Tract Subdivision

Building Details

  • Maintenance Expense $750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,187

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • CapRate: 11.4
  • Subdivision Name: EAST VEGAS TRACT
  • Directions: East on Lake Mead from Las Vegas Blvd. Past Belmont, North on Brand, West on Thomas.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1981
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1981

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Water Heater, Oven, Range, Refrigerator
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 3466.0

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • 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: None
  • Association: No

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 6970.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 23760.0
  • Insurance Expense: 650.0
  • Maintenance Expense: 750.0
  • Annual Operating Expense: 3360.0

Tax Info

  • Tax Annual Amount: 1187.0
  • Tax Block: 50
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2014
Closed on
Mar 12, 2014
Sold by
Foroozanfar Kay Khosrow
Bought by
Ho Ellen
Seller's Agent
John Withers
Keller Williams Southern NV
Buyer's Agent
John Withers
Keller Williams Southern NV
List Price
$179,000
Sold Price
$172,000
Premium/Discount to List
-$7,000
-3.91%
Current Estimated Value
$614,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$442,990
Avg. Annual Appreciation
11.54%
Original Mortgage
$120,000
Outstanding Balance
$36,792
Interest Rate
4.29%
Mortgage Type
New Conventional
Estimated Equity
$568,737

Purchase Details

Listed on
Jul 5, 2013
Closed on
Aug 27, 2013
Sold by
Martinedale John A
Bought by
Foroozanfar Kay Khosrow
Seller's Agent
Todtrese Williams
Williams-Shelton & Associates
Buyer's Agent
John Withers
Keller Williams Southern NV
List Price
$159,900
Sold Price
$157,500
Premium/Discount to List
-$2,400
-1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.46%

Purchase Details

Closed on
Dec 12, 2006
Sold by
Busse Arnold L and Busse Alice J
Bought by
Martindale John A and Mary A Triplett Separate Property Trust

Purchase Details

Closed on
Sep 23, 2003
Sold by
Hernandez Jose A and Hernandez Ada T
Bought by
Triplett Mary A and Busse Arnold L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,120
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 24, 1994
Sold by
Hud
Bought by
Hernandez Jose A and Hernandez Ada T

Purchase Details

Closed on
Jun 16, 1994
Sold by
Resolution Trust Corp
Bought by
Hud
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
Ho Ellen $1,720,000 Fidelity National Title
Foroozanfer Kay Khosrow -- Fidelity National Title
Foroozanfar Kay Khosrow $157,500 Ticor Title Las Vegas
Martindale John A -- None Available
Triplett Mary A $228,900 Nevada Title Company
Hernandez Jose A -- Land Title
Hud -- United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ho Ellen $120,000
Previous Owner Triplett Mary A $183,120
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2014 03/14/14 Sold $172,000 -3.9% $50 / Sq Ft
02/12/2014 02/12/14 Pending -- -- --
02/04/2014 02/04/14 For Sale $179,000 +13.7% $52 / Sq Ft
09/05/2013 09/05/13 Sold $157,500 -1.5% $45 / Sq Ft
08/06/2013 08/06/13 Pending -- -- --
07/05/2013 07/05/13 For Sale $159,900 -- $46 / 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 $2,035 $90,458 $43,750 $46,708
2024 $1,885 $90,458 $43,750 $46,708
2023 $1,255 $90,003 $45,500 $44,503
2022 $1,745 $79,774 $36,750 $43,024
2021 $1,616 $71,290 $29,750 $41,540
2020 $1,498 $69,538 $27,300 $42,238
2019 $1,404 $65,283 $22,750 $42,533
2018 $1,340 $55,633 $14,000 $41,633
2017 $1,824 $54,375 $12,250 $42,125
2016 $1,255 $50,957 $7,000 $43,957
2015 $1,251 $48,498 $7,000 $41,498
2014 $1,212 $39,509 $7,000 $32,509
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1418925

Las Vegas REALTORS®

APN: 139-24-610-030