NOT LISTED FOR SALE

Estimated Value: $534,956 - $912,000

8 Beds
8 Baths
3,688 Sq Ft
$197/Sq Ft Est. Value

Last Sold January 31, 2014

Last sale price $215,000 $58 Per Sq Ft

Est. 238% increase in value since last sale

Current estimated payment $4,071/month

94 Days on Market

Highlights

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

About This Home

As of January 2014

LOCATED IN PROXIMITY TO THE STRIP, CHINA TOWN . SHOPPING, FREEWAY & UNLV! 2 STORY FOUR PLEX. 3688 SF. $55.5/SF.Changed 2 new AC system. EACH UNIT IS 2 BEDROOM, 2 BATH. FULLY REMODELED, DOWN STAIR IS MARBLE TILES FLOOR, UP STAIR IS WOOD FLOOR. ALL APPLIANCES is INCLUDED. NOW IS FULLY OCUPIED. $2300/M

Last Agent to Sell the Property

Zhiyi Zhang

Vertex Realty & Property Manag License #S.0076795 Listed on: 09/28/2013

Last Buyer's Agent

zorik arakelyan

IHOME Realty LLC License #B.0143249

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,443

Year Built

  • Built in 1979

Lot Details

  • 10,454 Sq Ft Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Pitched Roof
  • Stucco

Interior Spaces

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

Parking

  • 4 Parking Spaces
  • Paved Parking

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 5 / 1

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include management, trash
  • 2 Units
  • Spring Oaks #04 Subdivision

Building Details

  • Maintenance Expense $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,443

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • CapRate: 8.5
  • Subdivision Name: SPRING OAKS #04
  • Directions: Keep on Spring Mountain Road W, Turn left onto S Stober Blv turn right on Sand Creek Ave, Destination will be on the right.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1979
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1979

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: Pitched

Garage/Parking

  • Parking Features: Paved
  • 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: 100.0

Condo/Co-op/Association

  • Amenities: None
  • Association Fee: 5988.0
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Trash

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 10454.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 1.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1.0
  • Annual Operating Expense: 10000.0

Tax Info

  • Tax Annual Amount: 1443.0
  • Tax Block: 1
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2013
Closed on
Jan 28, 2014
Sold by
Bablumyan Merri
Bought by
Salamyan Grigor
Seller's Agent
Zhiyi Zhang
Vertex Realty & Property Manag
Buyer's Agent
zorik arakelyan
IHOME Realty LLC
List Price
$205,000
Sold Price
$215,000
Premium/Discount to List
$10,000
4.88%
Current Estimated Value
$726,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$511,239
Avg. Annual Appreciation
10.20%
Original Mortgage
$211,105
Outstanding Balance
$161,592
Interest Rate
4.37%
Mortgage Type
FHA
Estimated Equity
$504,614

Purchase Details

Listed on
Sep 28, 2013
Closed on
Jan 27, 2014
Sold by
Tsou Sheng Yung
Bought by
Salamyan Grigor
Seller's Agent
Zhiyi Zhang
Vertex Realty & Property Manag
Buyer's Agent
zorik arakelyan
IHOME Realty LLC
List Price
$205,000
Sold Price
$215,000
Premium/Discount to List
$10,000
4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,105
Outstanding Balance
$161,592
Interest Rate
4.37%
Mortgage Type
FHA
Estimated Equity
$504,614

Purchase Details

Closed on
Aug 27, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
First Horizon Home Loans

Purchase Details

Closed on
Jul 10, 2009
Sold by
First Horizon Home Loans
Bought by
Bai Jie

Purchase Details

Closed on
Oct 26, 2007
Sold by
Sarmiento Carolyn C
Bought by
Deutsche Bank National Trust Co and Pooling & Servicing Agreement Series Ind

Purchase Details

Closed on
May 26, 2006
Sold by
Sarmiento Alfonso
Bought by
Sarmiento Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
8.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 26, 2006
Sold by
Berk Andrew Charles
Bought by
Sarmiento Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
8.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 19, 2005
Sold by
Berk Andrew Charles
Bought by
Berk Andrew Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2005
Sold by
Berk Andrew
Bought by
Berk Nevada Real Estate Investments Llc

Purchase Details

Closed on
Sep 15, 2004
Sold by
Berk Andrew
Bought by
Berk Andrew Charles and The Andrew Charles Berk Family Trust

Purchase Details

Closed on
Jul 6, 2004
Sold by
Oherron Douglas Joseph and Oherron Nancy Jane
Bought by
Berk Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,250
Interest Rate
2.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 2, 2002
Sold by
Oherron Douglas J and Oherron Nancy J
Bought by
Oherron Douglas Joseph and Oherron Nancy Jane

Purchase Details

Closed on
Oct 8, 1998
Sold by
Lamorte Angelo and Lamorte Marisella
Bought by
Oherron Douglas Joseph and Oherron Nancy Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,250
Interest Rate
6.84%

Purchase Details

Closed on
Mar 21, 1997
Sold by
Djen James
Bought by
Lamorte Angelo and Lamorte Marisella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,600
Interest Rate
8.14%
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
Salamyan Grigor -- Fidelity National Title
Salamyan Grigor $215,000 Fidelity Natl Title
First Horizon Home Loans $400,500 Lawyers Title Of Nevada Cent
Bai Jie $157,500 Lawyers Title Of Nevada Cent
Tsou Sheng Yung $157,500 Accommodation
Deutsche Bank National Trust Co $400,500 Accommodation
Sarmiento Carolyn -- Fidelity National Title
Sarmiento Carolyn $520,000 Fidelity National Title
Berk Andrew Charles -- First Amer Title Co Of Nv
Berk Nevada Real Estate Investments Llc -- --
Berk Andrew Charles $367,000 --
Berk Andrew $367,000 Ticor Title Of Nevada Inc
Oherron Douglas Joseph -- --
Oherron Douglas Joseph $197,500 Old Republic Title Company
Lamorte Angelo $183,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salamyan Grigor $211,105
Previous Owner Sarmiento Carolyn $416,000
Previous Owner Berk Andrew Charles $280,000
Previous Owner Berk Andrew Charles $295,000
Previous Owner Berk Andrew $275,250
Previous Owner Oherron Douglas Joseph $138,250
Previous Owner Lamorte Angelo $137,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2014 01/31/14 Sold $215,000 +4.9% $58 / Sq Ft
01/01/2014 01/01/14 Pending -- -- --
09/28/2013 09/28/13 For Sale $205,000 -- $56 / 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 $2,425 $106,209 $60,200 $46,009
2024 $2,246 $106,209 $60,200 $46,009
2023 $1,495 $97,435 $53,200 $44,235
2022 $2,080 $82,040 $39,200 $42,840
2021 $1,926 $76,494 $35,000 $41,494
2020 $1,785 $77,272 $35,000 $42,272
2019 $1,673 $75,601 $32,900 $42,701
2018 $1,597 $65,734 $23,800 $41,934
2017 $1,772 $60,427 $18,025 $42,402
2016 $1,495 $61,159 $16,100 $45,059
2015 $1,491 $58,921 $14,000 $44,921
2014 $1,445 $55,621 $11,200 $44,421
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1387002

Las Vegas REALTORS®

APN: 162-18-214-005