NOT LISTED FOR SALE

Estimated Value: $525,830 - $803,000

8 Beds
8 Baths
3,688 Sq Ft
$190/Sq Ft Est. Value

Last Sold August 31, 2016

Last sale price $225,000 $61 Per Sq Ft

Est. 211% increase in value since last sale

Current estimated payment $4,515/month

88 Days on Market

Highlights

  • Central Heating and Cooling System
  • Ed W Clark High School Rated A-
  • Carpet

About This Home

As of August 2016

2 Bedroom / 2 Bath units each with own parking space. All units are Tenant occupied - no showings, please do not disturb. Submit offers contingent upon inspections. Contact Karina Jett for any questions.

Last Agent to Sell the Property

Karina Jett

Keller Williams VIP License #S.0171416 Listed on: 05/04/2016

Keller Williams VIP

Last Buyer's Agent

Xiao Qing Lu

Signature Real Estate Group License #S.0074791

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,424

Year Built

  • Built in 1977

Lot Details

  • 0.25 Acre Lot
  • Property is in average condition

HOA Fees

  • $513 Monthly HOA Fees

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,688 Sq Ft Home
  • 2-Story Property
  • Carpet

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tax Lot 12

Community Details

Overview

  • Association fees include management
  • 2 Units
  • Spring Oaks #04 Subdivision

Building Details

  • Maintenance Expense $100
  • Professional Management Expense $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,424

Year Built

Built in 1977

Lot Details

0

HOA Fees

$513 per month

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.25
  • CapRate: 9.95
  • Professional Management Expense: 1.0
  • Subdivision Name: SPRING OAKS #04
  • Directions: From Spring Mountain & Decatur - east on Spring Mountain, south on Stober, right on Sand Creek, left on Van Dyke.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1977
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2
  • Year Built: 1977

Interior Features

  • Number Of Buildings: 1
  • Flooring: Carpet
  • Interior Amenities: None
  • Living Area: 3688.0

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1.0

Condo/Co-op/Association

  • Amenities: None
  • Association Fee: 513.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Association Management

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 30888.0
  • Insurance Expense: 1.0
  • Maintenance Expense: 100.0
  • Annual Operating Expense: 7000.0

Tax Info

  • Tax Annual Amount: 1424.0
  • Tax Block: 0
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2022
Sold by
Pin Wang Chao
Bought by
Wang Chao Pin and Leou Shiaw Nuo
Current Estimated Value
$700,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Outstanding Balance
$293,713
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$406,745

Purchase Details

Closed on
Jan 21, 2022
Sold by
Pin Wang Chao
Bought by
Wang Chao Pin and Leou Shiaw Nuo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Outstanding Balance
$293,713
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$406,745

Purchase Details

Closed on
Jan 4, 2022
Sold by
Leou Shiaw Nuo
Bought by
Wang Chao Pin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Outstanding Balance
$293,713
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$406,745

Purchase Details

Closed on
Jun 28, 2017
Sold by
Leou Shiaw Nuo
Bought by
Wang Chao Pin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,500
Interest Rate
4.47%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Listed on
May 4, 2016
Closed on
Aug 30, 2016
Sold by
Do Tam
Bought by
Wang Chao Pin and Leou Shiaw Nuo
Seller's Agent
Karina Jett
Keller Williams VIP
Buyer's Agent
Xiao Qing Lu
Signature Real Estate Group
List Price
$255,000
Sold Price
$225,000
Premium/Discount to List
-$30,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.46%

Purchase Details

Listed on
Apr 26, 2013
Closed on
Aug 28, 2013
Sold by
Vaitzman Eliahu
Bought by
Do Tam
Seller's Agent
Alison Shain
Shain Realty & Management LLC
Buyer's Agent
John Gafford
Simply Vegas
List Price
$250,000
Sold Price
$175,000
Premium/Discount to List
-$75,000
-30%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.77%

Purchase Details

Closed on
Feb 23, 2010
Sold by
Nussbaum Dana
Bought by
Vaitzman Eliahu

Purchase Details

Closed on
Jan 7, 2010
Sold by
Litton Loan Servicing Lp
Bought by
Vaitzman Eliahu

Purchase Details

Closed on
Mar 22, 2006
Sold by
Avilez Maria Beatriz
Bought by
Maldonado Ismael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
7.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 20, 2006
Sold by
Walker George R and Walker Sharon S
Bought by
Maldonado Ismael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
7.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 29, 2002
Sold by
Lavado Oscar A
Bought by
Walker George R and Walker Sharon S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
5.88%

Purchase Details

Closed on
Sep 18, 2000
Sold by
Accessible Space Inc
Bought by
Lavado Oscar A and Lavado Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.9%
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
Wang Chao Pin -- None Listed On Document
Wang Chao Pin -- None Listed On Document
Wang Chao Pin -- Lawyers Title Chinatown L
Wang Chao Pin -- Lawyers Title Of Nevada Hen
Wang Chao Pin $225,000 Lawyers Title Of Nevada Hen
Do Tam $175,000 Netco
Vaitzman Eliahu -- None Available
Vaitzman Eliahu $140,000 Lawyers Title Of Nevada Vil
Maldonado Ismael -- Fidelity National Title
Maldonado Ismael $520,000 Fidelity National Title
Walker George R $247,000 National Title Company
Lavado Oscar A $223,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Chao Pin $318,000
Previous Owner Wang Chao Pin $352,500
Previous Owner Maldonado Ismael $364,000
Previous Owner Walker George R $185,250
Previous Owner Lavado Oscar A $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2016 08/31/16 Sold $225,000 -11.8% $61 / Sq Ft
08/01/2016 08/01/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $255,000 +45.7% $69 / Sq Ft
09/03/2013 09/03/13 Sold $175,000 -30.0% $47 / Sq Ft
08/04/2013 08/04/13 Pending -- -- --
04/26/2013 04/26/13 For Sale $250,000 -- $68 / 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 $2,316 $101,712 $60,200 $41,512
2024 $2,145 $101,712 $60,200 $41,512
2023 $1,428 $93,488 $53,200 $40,288
2022 $1,986 $78,377 $39,200 $39,177
2021 $1,839 $73,088 $35,000 $38,088
2020 $1,705 $73,937 $35,000 $38,937
2019 $1,598 $72,356 $32,900 $39,456
2018 $1,525 $62,661 $23,800 $38,861
2017 $1,685 $57,469 $18,025 $39,444
2016 $1,428 $58,221 $16,100 $42,121
2015 $1,424 $56,084 $14,000 $42,084
2014 $1,380 $52,901 $11,200 $41,701
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1628891

Las Vegas REALTORS®

APN: 162-18-214-012