NOT LISTED FOR SALE

Estimated Value: $537,000 - $658,000

8 Beds
4 Baths
2,684 Sq Ft
$217/Sq Ft Est. Value

Last Sold October 20, 2022

Last sale price $518,000 $193 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,275/month

76 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring

About This Home

As of October 2022

GREAT INVESTMENT OPPORTUNITY. No HOA! Minutes away from Las Vegas Strip. All units are 2 bed/1bath with kitchen and family room. 3 out of 4 units are currently occupied by tenants. Also selling 3720 Palos Verdes (MLS 2422744)

Last Agent to Sell the Property

Belen Clark

Engel & Volkers Las Vegas License #S.0187603 Listed on: 08/04/2022

Engel & Volkers Las Vegas

Last Buyer's Agent

Catherine Hyde

Simply Vegas License #S.0070366

Simply Vegas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,227

Year Built

  • Built in 1962

Lot Details

  • 9,583 Sq Ft Lot
  • Property is in average condition

Parking

  • Alley Access

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,684 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Tile

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 4 Units
  • Royal Crest Estate Tr #1 Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,227

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.22
  • Subdivision Name: Royal Crest Estate Tr #1
  • Directions: Head north on Paradise from Flamingo, right on Twain, and right on Palos Verdes
  • Architectural Style: Fourplex
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: RESALE
  • Year Built: 1962
  • ResoPropertyType: Residential
  • Attribution Contact: 702-899-5015
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1962

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator
  • Flooring: Carpet, Tile
  • Interior Amenities: None
  • Living Area: 2684.0

Exterior Features

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

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Laundry Features: Common Area, Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

Lot Info

  • Lot Size Sq Ft: 9583.0
  • Additional Parcels Description: ---
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1227.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2022
Closed on
Dec 1, 2022
Sold by
Ambleside Properties Lllp Inc
Bought by
Ambleside Properties Lllp
Seller's Agent
Belen Clark
Engel & Volkers Las Vegas
Buyer's Agent
Catherine Hyde
Simply Vegas
List Price
$480,000
Sold Price
$518,000
Premium/Discount to List
$38,000
7.92%
Current Estimated Value
$583,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,214
Avg. Annual Appreciation
4.10%
Original Mortgage
$725,000
Outstanding Balance
$703,967
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
-$120,753

Purchase Details

Listed on
Aug 4, 2022
Closed on
Oct 18, 2022
Sold by
Schmidt John
Bought by
Ambleside Properties Lllp
Seller's Agent
Belen Clark
Engel & Volkers Las Vegas
Buyer's Agent
Catherine Hyde
Simply Vegas
List Price
$480,000
Sold Price
$518,000
Premium/Discount to List
$38,000
7.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Outstanding Balance
$703,967
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
-$120,753

Purchase Details

Closed on
Jun 8, 2020
Sold by
Carol Menninger
Bought by
County Of Clark
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
Ambleside Properties Lllp -- First American Title
Ambleside Properties Lllp $518,000 Equity Title
County Of Clark $3,305 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ambleside Properties Lllp $725,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2022 10/20/22 Sold $518,000 +7.9% $193 / Sq Ft
08/10/2022 08/10/22 Off Market $480,000 -- --
08/04/2022 08/04/22 For Sale $480,000 -- $179 / 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 $2,201 $67,087 $39,900 $27,187
2024 $1,364 $67,087 $39,900 $27,187
2023 $1,364 $56,026 $32,200 $23,826
2022 $1,325 $52,945 $30,800 $22,145
2021 $1,227 $48,579 $28,000 $20,579
2020 $1,136 $48,200 $28,000 $20,200
2019 $1,065 $46,209 $26,600 $19,609
2018 $1,016 $43,724 $25,200 $18,524
2017 $1,191 $40,594 $22,400 $18,194
2016 $952 $37,449 $19,600 $17,849
2015 $1,282 $34,038 $16,800 $17,238
2014 $920 $30,429 $14,000 $16,429
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2426143

Las Vegas REALTORS®

APN: 162-15-313-001