NOT LISTED FOR SALE

Estimated Value: $581,853 - $816,000

8 Beds
8 Baths
3,688 Sq Ft
$195/Sq Ft Est. Value

Last Sold November 28, 2016

Last sale price $255,000 $69 Per Sq Ft

Est. 182% increase in value since last sale

Current estimated payment $4,615/month

50 Days on Market

Highlights

  • Balcony
  • Refrigerated Cooling System
  • Laundry Room
  • Ed W Clark High School Rated A-
  • Patio
  • Central Heating and Cooling System

About This Home

As of November 2016

Less than 3 miles from the Las Vegas Strip. All units are rented One unit has remodeled kitchen cabinets, granite counters and new flooring. One unit rented for $850. 2 Units are long term tenants paying $700 per month. 1 Unit is rented for $835 per month. All four units are rented.

Last Agent to Sell the Property

Ivor Glassman

Resolution Realty License #BS.0001638 Listed on: 09/08/2016

Last Buyer's Agent

Meghan Hofland

Realty ONE Group, Inc License #S.0067691

Realty ONE Group, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,412

Year Built

  • Built in 1977

Lot Details

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

HOA Fees

  • $512 Monthly HOA Fees

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

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

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Alley Access

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Refrigerated Cooling System
  • Central Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 5 / 2

Community Details

Overview

  • Association fees include common areas, insurance, ground maintenance, reserve fund, taxes, trash
  • 4 Units
  • Spring Oaks #04 Subdivision

Building Details

  • Maintenance Expense $1,575

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,412

Year Built

Built in 1977

Lot Details

0

HOA Fees

$512 per month

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.22
  • CapRate: 8.25
  • Subdivision Name: SPRING OAKS #04
  • Directions: From I15 go West on Spring Mountain Rd. Pass Arville St. Then South (left) on Stober, then West (right) on Sand Creek. Building is second on the left.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1977
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1977

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Oven, Range, Refrigerator, Range Hood, Washer
  • Flooring: Other
  • Window Features: Blinds

Exterior Features

  • Construction Type: Stucco, Wood Frame
  • Patio And Porch Features: Balcony, Patio
  • Property Condition: Good Condition, Resale
  • Roof: Flat, Tile

Garage/Parking

  • Parking Features: Alley Access
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air, Refrigerated
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 3720.0

Condo/Co-op/Association

  • Association Fee: 512.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Maintenance Grounds, Reserve Fund, Taxes, Trash

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 9583.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 36279.0
  • Insurance Expense: 1578.0
  • Maintenance Expense: 1575.0
  • Annual Operating Expense: 14429.0

Tax Info

  • Tax Annual Amount: 1412.0
  • Tax Block: 2
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2016
Closed on
Nov 23, 2016
Sold by
Harako Michelle
Bought by
Harako Dean
Seller's Agent
Ivor Glassman
Resolution Realty
Buyer's Agent
Meghan Hofland
Realty ONE Group, Inc
List Price
$264,900
Sold Price
$255,000
Premium/Discount to List
-$9,900
-3.74%
Current Estimated Value
$717,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$462,963
Avg. Annual Appreciation
11.63%

Purchase Details

Listed on
Sep 8, 2016
Closed on
Nov 21, 2016
Sold by
Rachmani Jack
Bought by
Harako Dean
Seller's Agent
Ivor Glassman
Resolution Realty
Buyer's Agent
Meghan Hofland
Realty ONE Group, Inc
List Price
$264,900
Sold Price
$255,000
Premium/Discount to List
-$9,900
-3.74%

Purchase Details

Listed on
Jan 24, 2015
Closed on
Feb 24, 2015
Sold by
Denamar Inc
Bought by
Rachmani Jack
Seller's Agent
Marco Costa
Prominent Realty Group LLC
Buyer's Agent
Ivor Glassman
Resolution Realty
List Price
$205,900
Sold Price
$203,900
Premium/Discount to List
-$2,000
-0.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.55%
Original Mortgage
$142,700
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 26, 2012
Closed on
Oct 19, 2012
Sold by
Gianna Holdings Llc
Bought by
Denamar Inc
Seller's Agent
Richard Emanuele
Simply Vegas
Buyer's Agent
Marco Costa
Prominent Realty Group LLC
List Price
$148,888
Sold Price
$156,100
Premium/Discount to List
$7,212
4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.09%

Purchase Details

Closed on
Jul 6, 2011
Sold by
Haile Gashaw T
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jan 12, 2004
Sold by
Kebede Meskerem S
Bought by
Haile Gashaw T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 14, 2002
Sold by
Belmont Ronald R and Belmont Emerita C
Bought by
Belmont Ronald R and Belmont Emerita C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
6.06%

Purchase Details

Closed on
Sep 29, 1998
Sold by
Belmont Ronald R and Belmont Emerita C
Bought by
Belmont Ronald R and Belmont Emerita C

Purchase Details

Closed on
Sep 29, 1995
Sold by
Colina Julian O and Colina Regalada L
Bought by
Belmont Ronald R and Belmont Emerita C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.51%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Harako Dean -- Noble Title
Harako Dean $255,000 Noble Title
Rachmani Jack -- Noble Title
Rachmani Jack $203,900 Ticor Title Las Vegas
Denamar Inc $156,100 Fidelity National Title Las
Aurora Loan Services Llc $260,734 Accommodation
Haile Gashaw T -- Old Republic Title Co Of Ne
Haile Gashaw T $310,000 Old Republic Title Co Of Ne
Belmont Ronald R -- First American Title Co
Belmont Ronald R -- --
Belmont Ronald R $180,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rachmani Jack $142,700
Previous Owner Gianna Holdings Llc $150,000
Previous Owner Haile Gashaw T $248,000
Previous Owner Belmont Ronald R $143,000
Previous Owner Belmont Ronald R $144,000
Closed Haile Gashaw T $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2016 11/28/16 Sold $255,000 -3.7% $69 / Sq Ft
10/29/2016 10/29/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $264,900 +29.9% $72 / Sq Ft
02/25/2015 02/25/15 Sold $203,900 -1.0% $55 / Sq Ft
01/26/2015 01/26/15 Pending -- -- --
01/24/2015 01/24/15 For Sale $205,900 +31.9% $56 / Sq Ft
10/24/2012 10/24/12 Sold $156,100 +4.8% $42 / Sq Ft
09/26/2012 09/26/12 For Sale $148,888 -- $40 / 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 $2,289 $101,757 $60,200 $41,557
2024 $2,120 $101,757 $60,200 $41,557
2023 $2,120 $93,532 $53,200 $40,332
2022 $1,963 $78,420 $39,200 $39,220
2021 $1,818 $73,129 $35,000 $38,129
2020 $1,685 $73,978 $35,000 $38,978
2019 $1,580 $72,399 $32,900 $39,499
2018 $1,507 $62,702 $23,800 $38,902
2017 $1,685 $57,469 $18,025 $39,444
2016 $1,412 $58,221 $16,100 $42,121
2015 $1,408 $56,084 $14,000 $42,084
2014 $1,364 $52,901 $11,200 $41,701
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 1832417

Las Vegas REALTORS®

APN: 162-18-214-035