NOT LISTED FOR SALE

3225 Arlene Way Las Vegas, NV 89108

Woodcrest Neighborhood

Estimated Value: $664,000 - $718,000

7 Beds
4 Baths
3,634 Sq Ft
$193/Sq Ft Est. Value

Last Sold June 12, 2017

Last sale price $225,000 $62 Per Sq Ft

Est. 211% increase in value since last sale

Current estimated payment $4,055/month

11 Days on Market

About This Home

As of June 2017

This four plex has been a VERY successful investment property for several years. All four units are occupied and earning $2,225 in monthly rental income. If you are looking for a turnkey investment property where you can start seeing a return immediately, this property is for you!

Last Agent to Sell the Property

Brian Mollica

National Real Estate License #B.1002653 Listed on: 05/01/2017

Last Buyer's Agent

Antonio Gastelum

Advent Realty Elite License #B.0146132

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,135

Year Built

  • Built in 1962

Lot Details

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

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,634 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Utilities

  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Mountain View Park Unit #1 Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,135

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.19
  • CapRate: 11.4
  • Subdivision Name: MOUNTAIN VIEW PARK UNIT #1
  • Directions: From 95 N Exit Cheyenne. Right on Cheyenne. Left on Michael Way. Right on Arlene.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1962
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1962

Interior Features

  • Number Of Buildings: 1
  • Appliances: Exhaust Fan, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: None

Exterior Features

  • 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

Condo/Co-op/Association

  • Amenities: None

Lot Info

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

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 4720.0

Tax Info

  • Tax Annual Amount: 1135.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2019
Sold by
Moorehead David
Bought by
Moorehead David and Morehead Christopher Erik
Total Days on Market
11
Current Estimated Value
$699,667

Purchase Details

Listed on
May 1, 2017
Closed on
May 27, 2017
Sold by
Jk Investment Holdings Llc
Bought by
Moorehead David
Seller's Agent
Brian Mollica
National Real Estate
Buyer's Agent
Antonio Gastelum
Advent Realty Elite
List Price
$218,900
Sold Price
$225,000
Premium/Discount to List
$6,100
2.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.48%
Original Mortgage
$220,924
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 10, 2012
Sold by
Harvard Place Llc
Bought by
J K Investments Holdings Llc

Purchase Details

Closed on
Nov 13, 2009
Sold by
Oxford Place Llc
Bought by
Harvard Place Llc

Purchase Details

Closed on
Aug 3, 2009
Sold by
The Bank Of New York Mellon
Bought by
Oxford Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
5.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 2008
Sold by
Infantino Nick
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Aug 8, 2005
Sold by
Johnson Maurice C
Bought by
Infantino Nick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 21, 2005
Sold by
Johnson Jackie Lee
Bought by
Johnson Maurice C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 20, 2004
Sold by
Carter James S and Bond Carter Sarah I
Bought by
Johnson Maurice C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
5.64%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 27, 2001
Sold by
Dag Investments Inc
Bought by
Carter James S and Bond Carter Sarah I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,800
Interest Rate
7.15%

Purchase Details

Closed on
May 3, 2001
Sold by
Guefen Gerardo
Bought by
Dag Investments Inc

Purchase Details

Closed on
May 29, 1997
Sold by
Joannster Corp
Bought by
Guefen Gerardo
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
Moorehead David -- Accommodation
Moorehead David -- Accommodation
Moorehead David $225,000 National Title Co
J K Investments Holdings Llc $192,400 National Title Company
Harvard Place Llc $71,400 None Available
Oxford Place Llc $71,400 Ticor Title Las Vegas
The Bank Of New York Mellon $272,812 None Available
Infantino Nick $380,000 First Amer Title Co Of Nv
Johnson Maurice C -- First Amer Title Co Of Nv
Johnson Maurice C $280,000 United Title Of Nevada
Carter James S $213,500 United Title
Dag Investments Inc -- United Title
Guefen Gerardo $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moorehead David $206,300
Previous Owner Moorehead David $220,924
Previous Owner Oxford Place Llc $118,000
Previous Owner Infantino Nick $304,000
Previous Owner Johnson Maurice C $252,000
Previous Owner Carter James S $170,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2017 06/12/17 Sold $225,000 +2.8% $62 / Sq Ft
05/13/2017 05/13/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $218,900 -- $60 / 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 $1,527 $91,252 $56,350 $34,902
2024 $1,483 $91,252 $56,350 $34,902
2023 $1,483 $76,041 $45,500 $30,541
2022 $1,578 $72,464 $44,100 $28,364
2021 $1,462 $67,649 $41,300 $26,349
2020 $1,354 $64,697 $38,850 $25,847
2019 $1,269 $53,084 $28,000 $25,084
2018 $1,211 $44,727 $21,000 $23,727
2017 $1,355 $41,325 $18,025 $23,300
2016 $1,135 $38,254 $15,400 $22,854
2015 $1,131 $36,059 $14,000 $22,059
2014 $1,680 $35,246 $14,000 $21,246
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Brian Mollica

    National Real Estate

    18 Total Sales

    Brian Mollica
    Section Image
  • Antonio Gastelum

    Buyer's Agent in 2017

    Antonio Gastelum

    Advent Realty Elite

    (702) 622-7601

    3 in this area

    105 Total Sales

    Antonio Gastelum
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 1892129

Las Vegas REALTORS®

APN: 138-12-811-018

Nevada Clark County Las Vegas 89108 Woodcrest

3225 Arlene Way, Las Vegas, NV

This home is located at 3225 Arlene Way, Las Vegas, NV 89108 since 01 May 2017 and is currently estimated at $699,667, approximately $192 per square foot. This property was built in 1962. 3225 Arlene Way is a home located in Clark County with nearby schools including Doris M. Reed Elementary School, Irwin & Susan Molasky Junior High School, and Cheyenne High School.

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