NOT LISTED FOR SALE

4381 W Flamingo Rd Unit 1621 Las Vegas, NV 89103

West of the Strip Neighborhood

Estimated Value: $492,000 - $529,000

1 Bed
1.5 Baths
1,220 Sq Ft
$423/Sq Ft Est. Value

Last Sold February 13, 2023

Last sale price $437,000 $358 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,332/month

112 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • View of Las Vegas Strip
  • Ed W Clark High School Rated A-
  • 24-Hour Security
  • Furnished

About This Home

As of February 2023

Loaded with amazing amenities... pool, spa, fitness center, valet, concierge, dining, shopping, and entertainment options. Luxury living at it's finest with mountain, city, and world-famous Las Vegas Strip views. Fully furnished, stainless steel appliances, fireplace, and marble stone are just some e of the features. Enjoy a gorgeous, unobstructed mountain view and watch sunsets from your primary bedroom, which features floor-to-ceiling windows, a balcony, a king-size bed, and a soaker bathtub. Washer and dryer in the unit are included, plus the property offers fluff and fold and dry cleaning options. The Palms Place condos can be used for short term rentals (such as AirB&B or Hotel Rental Program), long-term rentals, or for private use. Conveniently located near the Fwy, Las Vegas Strip, and the airport.

Last Listed By

Ralph Rodriguez

eXp Realty License #S.0175732 Listed on: 08/05/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,196

Year Built

  • Built in 2006

Lot Details

  • 1.05

HOA Fees

Parking

  • Guest Parking

Property Views

  • Las Vegas Strip
  • City
  • Mountain

Interior Spaces

  • 1,220 Sq Ft Home
  • Furnished
  • Gas Fireplace
  • Insulated Windows
  • Drapes & Rods
  • Living Room with Fireplace
  • Closed Circuit Camera

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Laundry closet
  • Dryer

Schools

  • Thiriot Joseph Elementary School
  • Sawyer Grant Middle School
  • Clark Ed. W. High School

Utilities

  • Cooling Available
  • Central Heating
  • Programmable Thermostat

Additional Features

  • Energy-Efficient Windows
  • Fire Pit
  • Property is in good condition

Community Details

Overview

  • Association fees include cable TV, internet, ground maintenance, sewer, security, water
  • Tera West Association, Phone Number (702) 942-7078
  • High-Rise Condominium
  • Palms Place A Resort Condo & Spa At The Palms Lv Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Concierge
  • Valet Parking
  • Business Center

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,196

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,099 per month

Listing Details

  • Prop. Type: Residential
  • Subdivision Name: Palms Place A Resort Condo & Spa At The Palms Lv
  • Directions: From I-15, take exit 38/ Flamingo Rd, go west on W Flamingo Rd. Palms Place is the far west tower near the intersection of Flamingo Rd/ Arville.
  • Architectural Style: High Rise
  • Building Name: PALMS PLACE
  • Entry Level: 16
  • Efficiency: Windows
  • Structure Type: High Rise
  • Year Built Details: RESALE
  • Year Built: 2006
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Year Built: 2006

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Electric Cooktop, Disposal, Microwave, Refrigerator
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Gas, Living Room
  • Fireplace: Yes
  • Interior Amenities: Programmable Thermostat
  • Living Area: 1220.0
  • Window Features: Drapes, Insulated Windows

Exterior Features

  • Pool Features: Community
  • Pool Private: No
  • View: City, Mountain(s), Strip View
  • View: Yes
  • Disclosures: Covenants/Restrictions Disclosure
  • Home Warranty: No
  • Exterior Features: None, Fire Pit
  • Property Condition: Good Condition, Resale

Garage/Parking

  • Parking Features: Guest, Valet

Utilities

  • Laundry Features: Electric Dryer Hookup, Laundry Closet
  • Security: Closed Circuit Camera(s), 24 Hour Security, Security Guard
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Business Center, Fitness Center, Pool, Spa/Hot Tub, Security, Concierge
  • Association #2 Fee: 1095.0
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 42.0
  • Association Fee Frequency: Annually
  • Association Name: Tera West
  • Phone: 702-942-7078
  • Association: Yes
  • Pets Allowed: Number Limit, Yes
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Cable TV, Internet, Maintenance Grounds, Sewer, Security, Water

Schools

  • Elementary School: Thiriot Joseph,Thiriot Joseph
  • High School: Clark Ed. W.
  • Middle Or Junior School: Sawyer Grant

Lot Info

  • Additional Parcels Description: ---
  • ResoLotSizeUnits: Acres

Rental Info

  • Land Lease Amount: 2200.0

Tax Info

  • Tax Annual Amount: 3196.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2022
Closed on
Feb 10, 2023
Sold by
Jones Jermal
Bought by
Bright Nicole
Seller's Agent
Ralph Rodriguez
eXp Realty
Buyer's Agent
Crystal Loveheart
BHHS Nevada Properties
List Price
$440,000
Sold Price
$437,000
Premium/Discount to List
-$3,000
-0.68%
Total Days on Market
112
Current Estimated Value
$516,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,356
Avg. Annual Appreciation
7.81%
Original Mortgage
$312,936
Outstanding Balance
$302,633
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$213,723

Purchase Details

Listed on
Aug 5, 2022
Closed on
Jan 30, 2023
Sold by
Lipp Mark E and Lipp Yhali
Bought by
Bright Nicole
Seller's Agent
Ralph Rodriguez
eXp Realty
Buyer's Agent
Crystal Loveheart
BHHS Nevada Properties
List Price
$440,000
Sold Price
$437,000
Premium/Discount to List
-$3,000
-0.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,936
Outstanding Balance
$302,633
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$213,723

Purchase Details

Closed on
Jun 26, 2015
Sold by
Palms Place Llc
Bought by
Lipp Mark E and Lipp Yhali

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
Bright Nicole -- Fidelity National Title
Bright Nicole $437,000 Fidelity National Title
Lipp Mark E $282,000 Nevada Title Las Vegas
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bright Nicole $312,936
Closed Bright Nicole $312,936
Previous Owner Lipp Mark E $10,000
Previous Owner Palms Place Llc $60,000,000
Previous Owner Palms Place Llc $90,000,000
Previous Owner Palms Place Llc $402,073,273
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2023 02/13/23 Sold $437,000 -0.7% $358 / Sq Ft
11/25/2022 11/25/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $440,000 -- $361 / 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 $4,434 $159,227 $54,740 $104,487
2024 $3,877 $159,227 $54,740 $104,487
2023 $3,747 $148,654 $54,740 $93,914
2022 $3,462 $131,020 $46,200 $84,820
2021 $3,196 $125,808 $41,930 $83,878
2020 $3,266 $126,416 $41,930 $84,486
2019 $3,061 $122,702 $41,930 $80,772
2018 $2,921 $112,042 $31,640 $80,402
2017 $3,327 $113,456 $31,640 $81,816
2016 $2,734 $104,940 $26,250 $78,690
2015 $2,729 $98,927 $21,875 $77,052
2014 $2,352 $91,595 $21,875 $69,720
Source: Public Records

Agents Affiliated with this Home

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Source: Las Vegas REALTORS®

MLS Number: 2426125

Las Vegas REALTORS®

APN: 162-19-511-118