NOT LISTED FOR SALE

400 7th St W Ely, NV 89301

Estimated Value: $139,000 - $154,009

-- Bed
-- Bath
-- Sq Ft
5,009 Sq Ft Lot

Last Sold May 26, 2017

Last sale price $65,000

Est. 125% increase in value since last sale

Current estimated payment $922/month

35 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Ceiling Fan
  • 1-Story Property
  • Landscaped
  • Heating System Uses Gas
  • 2-minute walk to Cave Lake State Park

About This Home

As of May 2017

Small apartment complex consist of 6 units each 1 bedroom, 1 bath. There are 2 units that have newer electric heating and cooling. The others have electric baseboard heat. All have kitchen ranges and fridges. There is deferred maintenance in some units. Good investment for a small price of $75,000.

Last Agent to Sell the Property

Vivian Almberg

Desert Mountain Realty, Inc License #BS.0007096 Listed on: 03/21/2017

Last Buyer's Agent

Kenna Almberg

Desert Mountain Realty, Inc License #B.0143147

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,465

Year Built

  • Built in 1940

Lot Details

  • Landscaped
  • Property is in below average condition

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Ceramic Tile

Utilities

  • Heating System Uses Gas
  • Wall Furnace

Community Details

  • 3 Buildings

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,465

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Subdivision Name: None
  • Directions: From Desert Mountain Realty head west on E Aultman street, turn right onto 7th street, property will be on the right.
  • Architectural Style: Duplex
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: RESALE
  • Year Built: 1940
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1940

Interior Features

  • Number Of Buildings: 3
  • Appliances: Oven, Range, Refrigerator
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

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

Utilities

  • Cooling: Other
  • Heating: Electric, Gas, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Landscaping

Lot Info

  • Current Use: Residential
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2017
Closed on
May 22, 2017
Sold by
Hotel Nevada And Gambling Hall Ltd
Bought by
Mc2 Enterprises Llc
Seller's Agent
Vivian Almberg
Desert Mountain Realty, Inc
Buyer's Agent
Kenna Almberg
Desert Mountain Realty, Inc
List Price
$75,000
Sold Price
$65,000
Premium/Discount to List
-$10,000
-13.33%
Current Estimated Value
$146,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,216
Avg. Annual Appreciation
11.78%
Original Mortgage
$52,000
Outstanding Balance
$43,530
Interest Rate
4.08%
Mortgage Type
Commercial
Estimated Equity
$118,778

Purchase Details

Closed on
Mar 30, 2007
Sold by
Hansen Paul R and Hansen Robin
Bought by
Hotel Nevada And Gambling Hall Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.13%
Mortgage Type
Commercial
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
Mc2 Enterprises Llc -- Stewart Title
Hotel Nevada And Gambling Hall Llc $100,000 Stewart Title Of Northeaster
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mc2 Enterprises Llc $52,000
Previous Owner Hotel Nv And Gambling Hall Ltd $1,100,000
Previous Owner Hotel Nv And Gambling Hall Ltd $550,323
Previous Owner Hotel Nevada And Gambling Hall Llc $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2017 05/26/17 Sold $65,000 -13.3% --
04/26/2017 04/26/17 Pending -- -- --
03/21/2017 03/21/17 For Sale $75,000 -- --
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 $1,465 $37,514 $3,028 $34,486
2024 $1,465 $37,535 $2,713 $34,822
2023 $1,465 $32,714 $2,713 $30,001
2022 $1,267 $28,726 $2,363 $26,363
2021 $1,209 $27,131 $2,363 $24,768
2020 $1,204 $27,546 $2,363 $25,183
2019 $1,175 $26,465 $2,363 $24,102
2018 $1,147 $25,444 $2,363 $23,081
2017 $1,104 $25,358 $2,153 $23,205
2016 $1,077 $23,313 $2,153 $21,160
2015 $938 $23,103 $2,153 $20,950
2014 $938 $23,094 $2,555 $20,539
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1879134

Las Vegas REALTORS®

APN: 001-294-03