NOT LISTED FOR SALE

3236 N Michael Way Las Vegas, NV 89108

Woodcrest Neighborhood

Estimated Value: $434,683 - $746,000

7 Beds
4 Baths
3,634 Sq Ft
$173/Sq Ft Est. Value

Last Sold December 27, 2013

Last sale price $175,000 $48 Per Sq Ft

Est. 260% increase in value since last sale

Current estimated payment $3,487/month

97 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of December 2013

The property is located in a dense residential neighborhood near the cross streets of Rancho and Michael Way. The property is being marketed in conjunction with the adjacent 4-Plex (3237 Arlene Way). All 8 units have been newly renovated and could be purchased together for $412,000.00.

Last Agent to Sell the Property

Brendan Keating

Logic Commercial Real Estate License #B.0068678 Listed on: 08/21/2013

Last Buyer's Agent

Rosendo Valles

Realty ONE Group, Inc License #S.0055920

Realty ONE Group, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,021

Year Built

  • Built in 1962

Lot Details

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

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Pitched Roof

Interior Spaces

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

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Carpet

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 13 / 1

Community Details

Overview

  • 3 Units
  • Mountain View Park Unit #1 Subdivision

Additional Features

  • Laundry Facilities
  • Maintenance Expense $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,021

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.19
  • CapRate: 9.61
  • Subdivision Name: MOUNTAIN VIEW PARK UNIT #1
  • Directions: Go west on Cheyenne from Rancho head to North Michael Way
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1962
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2
  • Year Built: 1962

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator
  • Flooring: Carpet, Hardwood
  • Living Area: 3634.0

Exterior Features

  • Disclosures: Principal is Real Estate Licensed
  • Construction Type: Wood Frame
  • Property Condition: Average Condition, Resale
  • Roof: Pitched

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area, Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 700.0

Lot Info

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

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 22160.0
  • Insurance Expense: 500.0
  • Maintenance Expense: 500.0
  • Annual Operating Expense: 4000.0

Tax Info

  • Tax Annual Amount: 1021.0
  • Tax Block: 1
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2015
Sold by
Reynolds Richard L and Reynolds Janet C
Bought by
The Reynolds Family Trust
Current Estimated Value
$630,171

Purchase Details

Listed on
Aug 21, 2013
Closed on
Dec 16, 2013
Sold by
Jtss Llc
Bought by
Reynolds Richard L and Reynolds Janet C
Seller's Agent
Brendan Keating
Logic Commercial Real Estate
Buyer's Agent
Rosendo Valles
Realty ONE Group, Inc
List Price
$206,000
Sold Price
$175,000
Premium/Discount to List
-$31,000
-15.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.49%
Original Mortgage
$131,250
Outstanding Balance
$98,524
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$531,647

Purchase Details

Closed on
Apr 19, 2012
Sold by
Tib Llc
Bought by
Jtss Llc

Purchase Details

Closed on
Feb 17, 2012
Sold by
Zargari Mayhar
Bought by
Tib Llc

Purchase Details

Closed on
Sep 16, 2005
Sold by
Eagan Barb and Eagan James H
Bought by
Zargari Mayhar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
7.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 7, 2004
Sold by
Delmuro Hilario P and Delmuro Violeta
Bought by
Eagan James H and Eagan Barb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
7.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 6, 2003
Sold by
Delmuro Hilario P and Delmuro Violeta
Bought by
Delmuro Hilario P and Delmuro Violeta

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
6.37%

Purchase Details

Closed on
Dec 7, 2002
Sold by
Delmuro Jose
Bought by
Delmuro Hilario P and Delmuro Violeta

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
6.37%

Purchase Details

Closed on
Apr 30, 1999
Sold by
Delmuro Hilario P and Delmuro Jose
Bought by
Delmuro Hilario P and Delmuro Violeta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,000
Interest Rate
6.98%

Purchase Details

Closed on
Jun 6, 1996
Sold by
Delmuro Violeta
Bought by
Delmuro Hilario P

Purchase Details

Closed on
Mar 7, 1996
Sold by
Joannster Corp
Bought by
Delmuro Hilario P and Delmuro Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
8.01%
Source: Public Records

Range of Values:

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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
The Reynolds Family Trust -- None Available
Reynolds Richard L $175,000 Nevada Title Las Vegas
Jtss Llc $107,500 National Title Company
Tib Llc $84,000 Lsi Title Company
Zargari Mayhar $399,000 Ticor Title Of Nevada Inc
Eagan James H $315,000 Chicago Title
Delmuro Hilario P -- First American Title Company
Delmuro Hilario P -- First American Title Company
Delmuro Hilario P $41,000 Fidelity National Title Agen
Delmuro Hilario P -- Old Republic Title Company
Delmuro Jose -- Old Republic Title Company
Delmuro Hilario P $162,500 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reynolds Richard L $131,250
Previous Owner Zargari Mayhar $319,200
Previous Owner Eagan James H $236,250
Previous Owner Delmuro Hilario P $160,000
Previous Owner Delmuro Hilario P $131,000
Previous Owner Delmuro Hilario P $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2013 12/27/13 Sold $175,000 -15.0% $48 / Sq Ft
11/27/2013 11/27/13 Pending -- -- --
08/21/2013 08/21/13 For Sale $206,000 -- $57 / 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 $1,578 $91,252 $56,350 $34,902
2024 $1,532 $91,252 $56,350 $34,902
2023 $1,122 $76,041 $45,500 $30,541
2022 $1,560 $72,464 $44,100 $28,364
2021 $1,445 $67,649 $41,300 $26,349
2020 $1,339 $64,697 $38,850 $25,847
2019 $1,255 $53,084 $28,000 $25,084
2018 $1,197 $44,727 $21,000 $23,727
2017 $1,355 $41,325 $18,025 $23,300
2016 $1,122 $38,254 $15,400 $22,854
2015 $1,118 $36,059 $14,000 $22,059
2014 $1,083 $35,246 $14,000 $21,246
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Brendan Keating

    Logic Commercial Real Estate

  • R

    Buyer's Agent in 2013

    Rosendo Valles

    Realty ONE Group, Inc

    14 Total Sales

    Rosendo Valles
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Map

Source: Las Vegas REALTORS®

MLS Number: 1375822

Las Vegas REALTORS®

APN: 138-12-811-002

Nevada Clark County Las Vegas 89108 Woodcrest

3236 N Michael Way, Las Vegas, NV

This home is located at 3236 N Michael Way, Las Vegas, NV 89108 since 21 August 2013 and is currently estimated at $630,171, approximately $173 per square foot. This property was built in 1962. 3236 N Michael 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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