NOT LISTED FOR SALE

Estimated Value: $6,987,000 - $10,304,658

0.53 Acre
$16,271,483 Price per Acre
23,087 Sq Ft Lot

Last Sold October 31, 2013

Last sale price $950,000

Est. 808% increase in value since last sale

Current estimated payment $51,916/month

34 Days on Market

Highlights

  • On Golf Course
  • Gated Community
  • 0.53 Acre Lot
  • Judy & John L. Goolsby Elementary School Rated A-

About This Lot

As of October 2013

AMAZING OVERSIZED LOT IN THE RIDGES WITH GOLF,MOUNTAIN AND STRIP VIEWS.THIS LOT HAS BEEN APPROVED BY HOA TO BE COMBINED WITH 29 PAINTED FEATHER FOR A TOTAL OF 1.2 ACRES. 10% TRANSFER PENALTY TO BE PAID BY BUYER.

Last Listed By

Ivan Sher

IS Luxury License #BS.0046822 Listed on: 08/27/2013

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,497

Year Built

  • 2016

Lot Details

  • 0.53 Acre Lot
  • On Golf Course

Community Details

  • Summerlin Village 18 Parcel C Subdivision
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$3,497

Year Built

2016

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.53
  • Road Surface Type: Paved
  • Subdivision Name: SUMMERLIN VILLAGE 18 PARCEL C
  • Directions: FROM DESERT INN & FLAMINGO, S ON FLAMINGO, W ON MARBLE RIDGE IN THE RIDGES. HOME LOCATED IN ARROWHEAD.
  • ResoPropertyType: Land
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2016

Exterior Features

  • Lot Features: On Golf Course

Utilities

  • Security: Gated Community
  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated

Lot Info

  • Additional Parcels Description: NumParcels:1
  • Zoning Description: Family-1/2-2 Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3497.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2023
Sold by
Hou Wen
Bought by
Whc Trust
Total Days on Market
34
Current Estimated Value
$8,623,886

Purchase Details

Closed on
Apr 3, 2020
Sold by
Herbst Timothy P
Bought by
Hou Wen

Purchase Details

Closed on
Sep 28, 2017
Sold by
Herbst Timothy
Bought by
Herbst Timothy Paul and The Timothy P Herbst Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,460,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 23, 2017
Sold by
Herbst Timothy
Bought by
Herbst Timothy Paul and The Timothy P Herbst Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,460,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 23, 2015
Sold by
Herbst Lisa Ann
Bought by
Herbst Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,450,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 27, 2013
Closed on
Oct 31, 2013
Sold by
Wortman William C and Wortman Bonnie K
Bought by
Toti Mary Jean and Mjt Trust
Seller's Agent
Ivan Sher
IS Luxury
Buyer's Agent
Danielle Stonestreet
Six Star Realty
List Price
$1,125,000
Sold Price
$950,000
Premium/Discount to List
-$175,000
-15.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.98%

Purchase Details

Closed on
Jun 26, 2008
Sold by
Miller John Scott
Bought by
Wortman William C and Wortman Bonnie K

Purchase Details

Closed on
Aug 28, 2003
Sold by
Miller Wendi M
Bought by
Miller John Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$494,422
Interest Rate
5.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 26, 2003
Sold by
Howard Hughes Properties Inc
Bought by
Miller John Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$494,422
Interest Rate
5.6%
Mortgage Type
Unknown

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
Whc Trust -- None Listed On Document
Hou Wen $7,750,000 Clear Title Company
Herbst Timothy Paul -- Equity Title Of Nevada
Herbst Timothy Paul -- Equity Title Of Nevada
Herbst Timothy -- Nevada Title Las Vegas
Herbst Timothy $1,000,000 Nevada Title Las Vegas
Toti Mary Jean $950,000 Nevada Title
Wortman William C $1,589,900 Nevada Title Las Vegas
Miller John Scott -- Nevada Title Company
Miller John Scott $510,000 Nevada Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hou Wen $5,000,000
Previous Owner Herbst Timothy Paul $3,460,000
Previous Owner Herbst Timothy $3,485,500
Previous Owner Herbst Timothy $3,450,000
Previous Owner Miller John Scott $494,422
Previous Owner Miller John Scott $494,422
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2013 10/31/13 Sold $950,000 -15.6% --
10/01/2013 10/01/13 Pending -- -- --
08/27/2013 08/27/13 For Sale $1,125,000 -- --
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 $43,738 $2,024,206 $731,500 $1,292,706
2024 $42,464 $2,024,206 $731,500 $1,292,706
2023 $42,464 $1,851,065 $665,000 $1,186,065
2022 $41,228 $1,432,814 $332,500 $1,100,314
2021 $40,196 $1,370,458 $332,500 $1,037,958
2020 $38,858 $1,354,612 $332,500 $1,022,112
2019 $37,726 $1,342,636 $332,500 $1,010,136
2018 $36,628 $1,307,573 $332,500 $975,073
2017 $34,774 $1,184,556 $332,500 $852,056
2016 $31,101 $203,000 $203,000 $0
2015 $3,843 $125,580 $125,580 $0
2014 $3,723 $134,400 $134,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1377400

Las Vegas REALTORS®

APN: 164-14-714-001