NOT LISTED FOR SALE

488 Albert Ave Las Vegas, NV 89119

University District Neighborhood

Estimated Value: $526,213 - $797,000

8 Beds
4 Baths
3,402 Sq Ft
$188/Sq Ft Est. Value

Last Sold August 23, 2016

Last sale price $196,000 $58 Per Sq Ft

Est. 226% increase in value since last sale

Current estimated payment $3,604/month

83 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Laundry Room

About This Home

As of August 2016

Great location. Four 2 bedroom units located near strip, airport, and university.

Last Agent to Sell the Property

Jonathan Jacobs

Simply Vegas License #S.0067721 Listed on: 05/01/2016

Simply Vegas

Last Buyer's Agent

Susan Barrera

Realty ONE Group, Inc License #BS.0045889

Realty ONE Group, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,052

Year Built

  • Built in 1963

Lot Details

  • 5,663 Sq Ft Lot
  • Property is in good condition

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Pitched Roof
  • Stucco

Interior Spaces

  • 3,402 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Laundry Facilities
  • Maintenance Expense $500

Listing and Financial Details

  • Tax Lot 3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,052

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • CapRate: 11.49
  • Subdivision Name: NONE
  • Directions: From Flamingo and Paradise, East on Paradise, North on Palos Verdes, West on Albert.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1963
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1963

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 3402.0

Exterior Features

  • Construction Type: Stucco
  • Property Condition: Good Condition, Resale
  • Roof: Pitched

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area, Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 500.0

Condo/Co-op/Association

  • Association: No

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 5663.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 26136.0
  • Insurance Expense: 1300.0
  • Maintenance Expense: 500.0
  • Annual Operating Expense: 2600.0

Tax Info

  • Tax Annual Amount: 1052.0
  • Tax Block: 0
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2017
Sold by
Enriquez Felipe
Bought by
Enriquez Felipe and Fenrui Lv Properties Llc
Current Estimated Value
$639,803

Purchase Details

Listed on
May 1, 2016
Closed on
Aug 23, 2016
Sold by
Castro Luis Miguel
Bought by
Enriquez Felipe
Seller's Agent
Jonathan Jacobs
Simply Vegas
Buyer's Agent
Susan Barrera
Realty ONE Group, Inc
List Price
$199,900
Sold Price
$196,000
Premium/Discount to List
-$3,900
-1.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.28%

Purchase Details

Closed on
Mar 28, 2014
Sold by
Canyon View Apartments Llc
Bought by
Castro Luis Miguel

Purchase Details

Closed on
Feb 6, 2013
Sold by
Perez Re Development Llc
Bought by
Canyon View Apartments Llc

Purchase Details

Closed on
Jun 18, 2010
Sold by
Canal Enterprises Llc
Bought by
Perez Re Development Llc

Purchase Details

Closed on
Jun 10, 2010
Sold by
Albert Enterprises Llc
Bought by
Canal Enterprises Llc

Purchase Details

Closed on
Nov 20, 2007
Sold by
Gomez Enrique
Bought by
Albert Enterprises Llc

Purchase Details

Closed on
Sep 7, 2006
Sold by
Zargari Kamyar
Bought by
Gomez Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,430
Interest Rate
8.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 6, 2006
Sold by
Munoz Hilda
Bought by
Munoz Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,430
Interest Rate
8.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 24, 2005
Sold by
Cruells Roberto
Bought by
Zargari Kamyar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
7.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 25, 2005
Sold by
Flores Hilario
Bought by
Cruells Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,015
Interest Rate
5.53%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 15, 2004
Sold by
Castillo Adriana and Castillo Ernesto
Bought by
Munoz Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
5.8%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 17, 2004
Sold by
Urrutia Rodolfo
Bought by
Flores Hilario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,905
Interest Rate
5.64%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 1, 1999
Sold by
Ondatje Tyrell D and Ondatje Rosie
Bought by
Urrutia Rodolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,943
Interest Rate
7.97%
Mortgage Type
FHA
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
Enriquez Felipe -- None Available
Enriquez Felipe $196,000 Chicago Title Of Nevada
Castro Luis Miguel $180,000 Chicago Title Of Nevada
Canyon View Apartments Llc $556,000 Stewart Title Las Vegas Vega
Perez Re Development Llc -- None Available
Canal Enterprises Llc -- None Available
Albert Enterprises Llc $550,000 Chicago Title
Gomez Enrique $454,905 Ticor Title Of Nevada Inc
Munoz Luis -- Chicago Title
Zargari Kamyar $385,000 Ticor Title Of Nevada Inc
Cruells Roberto $286,000 Land Title Of Nevada
Munoz Luis $235,000 Southwest Title
Flores Hilario $265,000 First American Title Co Of
Urrutia Rodolfo $159,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gomez Enrique $318,430
Previous Owner Munoz Luis $262,500
Previous Owner Zargari Kamyar $308,000
Previous Owner Cruells Roberto $282,015
Previous Owner Munoz Luis $211,500
Previous Owner Flores Hilario $260,905
Previous Owner Urrutia Rodolfo $157,943
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2016 08/23/16 Sold $196,000 -2.0% $58 / Sq Ft
07/24/2016 07/24/16 Pending -- -- --
05/01/2016 05/01/16 For Sale $199,900 -- $59 / 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 $2,542 $74,126 $40,600 $33,526
2024 $1,586 $74,126 $40,600 $33,526
2023 $1,586 $61,530 $32,200 $29,330
2022 $1,469 $58,066 $30,800 $27,266
2021 $1,360 $53,409 $28,000 $25,409
2020 $1,260 $52,901 $28,000 $24,901
2019 $1,181 $50,766 $26,600 $24,166
2018 $1,127 $48,046 $25,200 $22,846
2017 $1,315 $44,822 $22,400 $22,422
2016 $1,056 $41,610 $19,600 $22,010
2015 $1,053 $38,033 $16,800 $21,233
2014 $1,020 $33,740 $15,400 $18,340
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jonathan Jacobs

    Simply Vegas

    (702) 723-2444

    1 in this area

    171 Total Sales

    Jonathan Jacobs
    Section Image

  • S

    Buyer's Agent in 2016

    Susan Barrera

    Realty ONE Group, Inc

    (702) 400-7892

    22 Total Sales

    Susan Barrera
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 1628012

Las Vegas REALTORS®

APN: 162-15-411-034

Nevada Clark County Las Vegas 89119 University District

488 Albert Ave, Las Vegas, NV

This home is located at 488 Albert Ave, Las Vegas, NV 89119 since 01 May 2016 and is currently estimated at $639,803, approximately $188 per square foot. This property was built in 1963. 488 Albert Ave is a home located in Clark County with nearby schools including Ruby S Thomas Elementary School, William E. Orr Middle School, and Valley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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