NOT LISTED FOR SALE

48 Olive Ridge Dr Las Vegas, NV 89135

Summerlin Neighborhood

Estimated Value: $2,402,000 - $2,750,000

4 Beds
4.5 Baths
3,776 Sq Ft
$666/Sq Ft Est. Value

Last Sold November 02, 2020

Last sale price $1,599,000 $423 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $14,677/month

111 Days on Market

Highlights

  • Fitness Center
  • Heated Pool and Spa
  • Green Roof
  • Judy & John L. Goolsby Elementary School Rated A-
  • Gated Community
  • Mountain View

About This Home

As of November 2020

This stunning modern-designed home sits on one of the premiere lots within Sterling Ridge at The Ridges. Easily considered one of the most upgraded properties within the community, every detail was considered when designing this home. Whether your focus is on interior finishes, premium AV technology, or a luxuriously designed yard, there's no question this home is "best in class" and must be seen in person to appreciate all that it has to offer.

Last Agent to Sell the Property

Mark Wiley

Keller Williams VIP License #BS.0145407 Listed on: 06/13/2020

Keller Williams VIP

Last Buyer's Agent

Derek Delp

RE/MAX CENTRAL License #S.0058635

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,388

Year Built

  • Built in 2016

Lot Details

  • 0.26 Acre Lot
  • Cul-De-Sac
  • East Facing Home
  • Back Yard Fenced
  • Block Wall Fence
  • Desert Landscape
  • Artificial Turf
  • Property is in excellent condition

HOA Fees

Parking

  • 3 Car Garage
  • Parking Storage or Cabinetry
  • Inside Entrance
  • Epoxy
  • Garage Door Opener

Home Design

  • Flat Roof Shape
  • Frame Construction
  • Stucco

Interior Spaces

  • 3,776 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 3 Fireplaces
  • Free Standing Fireplace
  • Fireplace With Glass Doors
  • Gas Fireplace
  • Double Pane Windows
  • Tinted Windows
  • Blinds
  • Great Room
  • Mountain Views
  • Security System Owned

Kitchen

  • Double Oven
  • Built-In Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Eco-Friendly Details

  • Green Roof
  • Energy-Efficient Windows

Pool

  • Heated Pool and Spa
  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Courtyard
  • Covered Patio or Porch
  • Outdoor Fireplace
  • Built-In Barbecue

Schools

  • Goolsby Judy & John Elementary School
  • Fertitta Frank & Victoria Middle School
  • Durango High School

Utilities

  • Central Heating and Cooling System
  • Radiant Ceiling
  • Heating System Uses Gas
  • Programmable Thermostat
  • Underground Utilities
  • Water Softener is Owned

Community Details

Overview

  • Association fees include management, ground maintenance, security
  • The Ridges Association, Phone Number (702) 791-4600
  • Summerlin Village 18 Ridges Parcel Mno Phase 2 Amd Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Security

  • Security Guard
  • Controlled Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,388

Year Built

Built in 2016

Lot Details

0

HOA Fees

$468 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.26
  • Ownership: Single Family Residential
  • Subdivision Name: Summerlin Village 18 Ridges Parcel Mno Phase 2 Amd
  • Directions: From 215 & Flamingo W on Flamingo to 1st roundabout, Granite Ridge to The Ridges guard gate. Thru gate Left into Sterling Ridge community, L on Moonfire, L on Olive Ridge
  • Architectural Style: Two Story
  • Carport Y N: No
  • Garage Yn: Yes
  • Efficiency: Windows, Radiant Attic Barrier, Roof
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 2016
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • Association Fee 3 Frequency: Monthly
  • Special Features: None
  • Stories: 2
  • Year Built: 2016

Interior Features

  • Furnished: Unfurnished
  • Spa Features: In Ground
  • Private Spa: Yes
  • Appliances: Built-In Gas Oven, Double Oven, Dryer, Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator, Water Softener Owned, Wine Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Free Standing, Gas, Glass Doors, Great Room, Outside
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), Window Treatments, Programmable Thermostat
  • Living Area: 3776.0
  • Window Features: Blinds, Double Pane Windows, Tinted Windows, Window Treatments

Exterior Features

  • Fencing: Block, Back Yard
  • Lot Features: 1/4 to 1 Acre Lot, Cul-De-Sac, Desert Landscaping, Landscaped, No Rear Neighbors, Synthetic Grass
  • Pool Features: Heated, In Ground, Private, Pool/Spa Combo, Association
  • Pool Private: Yes
  • View: Mountain(s)
  • View: Yes
  • Disclosures: Covenants/Restrictions Disclosure
  • Construction Type: Frame, Stucco
  • Direction Faces: East
  • Exterior Features: Built-in Barbecue, Balcony, Barbecue, Courtyard, Patio, Private Yard
  • Patio And Porch Features: Balcony, Covered, Patio
  • Property Condition: Excellent, Resale
  • Roof: Flat

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Epoxy Flooring, Garage, Garage Door Opener, Inside Entrance, Private, Shelves

Utilities

  • Laundry Features: Gas Dryer Hookup, Laundry Room, Upper Level
  • Security: Security System Owned, Controlled Access
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Clubhouse, Fitness Center, Gated, Pool, Guard, Tennis Court(s)
  • Association #2 Fee: 48.0
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 120.0
  • Association Fee Frequency: Monthly
  • Association Name: The Ridges
  • Phone: 702-791-4600
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly
  • HOA Fee 3: 300.0

Fee Information

  • Association Fee Includes: Association Management, Maintenance Grounds, Security

Schools

  • Elementary School: Goolsby Judy & John,Goolsby Judy & John
  • High School: Durango
  • Middle Or Junior School: Fertitta Frank & Victoria

Lot Info

  • Horse Amenities: None
  • Lot Size Sq Ft: 11326.0
  • Additional Parcels Description: ---
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9388.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2020
Closed on
Oct 27, 2020
Sold by
Sauer Karen David
Bought by
Sauer Ronald F
Seller's Agent
Mark Wiley
Keller Williams VIP
Buyer's Agent
Derek Delp
RE/MAX CENTRAL
List Price
$1,679,000
Sold Price
$1,599,000
Premium/Discount to List
-$80,000
-4.76%
Current Estimated Value
$2,515,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$916,215
Avg. Annual Appreciation
9.35%
Original Mortgage
$1,149,000
Outstanding Balance
$1,022,447
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,492,768

Purchase Details

Listed on
Jun 13, 2020
Closed on
Oct 26, 2020
Sold by
Sauer Ronald F
Bought by
Ishkanian Vahan G and Ishkanian Janet L
Seller's Agent
Mark Wiley
Keller Williams VIP
Buyer's Agent
Derek Delp
RE/MAX CENTRAL
List Price
$1,679,000
Sold Price
$1,599,000
Premium/Discount to List
-$80,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,149,000
Outstanding Balance
$1,022,447
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,492,768

Purchase Details

Closed on
Apr 12, 2016
Sold by
Sauer Karen David
Bought by
Sauer Ronald F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$776,788
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 9, 2016
Sold by
William Lyon Homes Inc
Bought by
Sauer Ronald F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$776,788
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sauer Ronald F -- Fidelity National Title
Ishkanian Vahan G $1,599,000 Fidelity National Title
Sauer Ronald F -- Fidelity National Title L
Sauer Ronald F $1,109,698 Fidelity National Title L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ishkanian Vahan G $1,149,000
Previous Owner Sauer Ronald F $776,788
Previous Owner Sauer Ronald F $776,788
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2020 11/02/20 Sold $1,599,000 -4.8% $423 / Sq Ft
10/03/2020 10/03/20 Pending -- -- --
06/13/2020 06/13/20 For Sale $1,679,000 -- $445 / 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 $11,592 $604,539 $268,380 $336,159
2024 $11,255 $604,539 $268,380 $336,159
2023 $8,626 $541,883 $227,500 $314,383
2022 $11,980 $475,675 $189,000 $286,675
2021 $11,093 $421,810 $150,063 $271,747
2020 $10,297 $413,453 $145,145 $268,308
2019 $9,388 $355,315 $113,750 $241,565
2018 $9,115 $346,089 $113,750 $232,339
2017 $10,191 $346,325 $113,750 $232,575
2016 $8,626 $79,625 $79,625 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mark Wiley

    Keller Williams VIP

    (702) 499-1915

    26 in this area

    145 Total Sales

    Mark Wiley
    Section Image
  • Derek Delp

    Buyer's Agent in 2020

    Derek Delp

    RE/MAX

    (702) 499-4520

    35 in this area

    139 Total Sales

    Derek Delp
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 2203175

Las Vegas REALTORS®

APN: 164-14-817-004

Nevada Clark County Las Vegas 89135 Summerlin

48 Olive Ridge Dr, Las Vegas, NV

Not Listed for Sale

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