NOT LISTED FOR SALE

5165 Gray Ln Las Vegas, NV 89119

University District Neighborhood

Estimated Value: $524,006 - $686,000

7 Beds
6 Baths
3,844 Sq Ft
$157/Sq Ft Est. Value

Last Sold July 02, 2012

Last sale price $145,000 $38 Per Sq Ft

Est. 310% increase in value since last sale

Current estimated payment $3,410/month

8 Days on Market

Highlights

  • Wood Flooring
  • Security Guard
  • Central Heating and Cooling System
  • Community Pool

About This Home

As of July 2012

Completely remodeled 4 plex with attached garages! All units have new granite counters, wood floors, new carpet, new paint, new a.cs, security bars. Near UNLV, the airport, and the strip! 100% occupied with great tenants! HOA covers guard gate, pool, landscape, water, trash, sewer, and insurance! Great investment and great location!

Last Agent to Sell the Property

Wendy Cherrington

Orange Realty Group LLC License #S.0169033 Listed on: 05/24/2012

Last Buyer's Agent

Ashley McCormick

Las Vegas Sotheby's Int'l License #S.0047742

Las Vegas Sotheby's Int'l

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,559

Year Built

  • Built in 1977

Lot Details

  • Property is in good condition

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Pitched Roof
  • Stucco

Interior Spaces

  • 3,844 Sq Ft Home
  • 2-Story Property
  • Blinds

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, rent only
  • Legal Lot and Block J / 55

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include management, insurance, ground maintenance, sewer, trash, water
  • 3 Units
  • Century Garden Sub Unit 2 Subdivision

Recreation

  • Community Pool
  • Community Spa

Additional Features

  • Maintenance Expense $1
  • Security Guard

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,559

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • CapRate: 19.92
  • Subdivision Name: CENTURY GARDEN SUB UNIT 2
  • Directions: From Maryland Parkway and Russell go North to Century Gardens, Drive in and turn West thru gates to Gray Ln.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1977
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2
  • Year Built: 1977

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Disposal, Refrigerator, Washer
  • Flooring: Carpet, Wood
  • Window Features: Blinds

Exterior Features

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

Garage/Parking

  • 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: 1.0

Condo/Co-op/Association

  • Amenities: Pool, Guard, Spa/Hot Tub
  • Association Fee: 8400.0
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Insurance, Maintenance Grounds, Sewer, Trash, Water

Lot Info

  • Current Use: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Rent Only

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 32076.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1.0
  • Annual Operating Expense: 1200.0

Tax Info

  • Tax Annual Amount: 1559.0
  • Tax Block: 55
  • Tax Lot: J

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2012
Closed on
Jun 29, 2012
Sold by
Gnc Properties Llc
Bought by
Jenkins Junjira
Seller's Agent
Wendy Cherrington
Orange Realty Group LLC
Buyer's Agent
Ashley McCormick
Las Vegas Sotheby's Int'l
List Price
$165,000
Sold Price
$145,000
Premium/Discount to List
-$20,000
-12.12%
Current Estimated Value
$595,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$450,222

Purchase Details

Listed on
Dec 17, 2011
Closed on
Mar 21, 2012
Sold by
The Bank Of New York Mellon
Bought by
Gnc Properties Llc
Seller's Agent
Scott Robson
SureSource Properties
Buyer's Agent
Brenda Caruso
Cornel Realty LLC
List Price
$85,900
Sold Price
$67,000
Premium/Discount to List
-$18,900
-22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2394.91%

Purchase Details

Closed on
Mar 23, 2011
Sold by
Davidson Kevin and Davidson Karen
Bought by
The Bank Of New York Mellon and First Horizon Home Loans

Purchase Details

Closed on
Mar 28, 1997
Sold by
Sandlin David and Sandlin Chris
Bought by
Vankarr Darette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.15%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jenkins Junjira $145,000 Nevada Title Las Vegas
Gnc Properties Llc $67,000 First American Title Paseo
The Bank Of New York Mellon $131,140 None Available
Vankarr Darette $50,000 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davidson Kevin $313,600
Previous Owner Davidson Kevin $100,000
Previous Owner Vankarr Darette $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2012 07/02/12 Sold $145,000 -12.1% $38 / Sq Ft
06/02/2012 06/02/12 Pending -- -- --
05/24/2012 05/24/12 For Sale $165,000 +146.3% $43 / Sq Ft
04/04/2012 04/04/12 Sold $67,000 -22.0% $17 / Sq Ft
03/05/2012 03/05/12 Pending -- -- --
12/17/2011 12/17/11 For Sale $85,900 -- $22 / 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 $1,806 $95,012 $50,400 $44,612
2024 $1,673 $95,012 $50,400 $44,612
2023 $1,673 $99,087 $56,000 $43,087
2022 $1,549 $84,061 $42,000 $42,061
2021 $1,434 $77,250 $37,450 $39,800
2020 $1,329 $78,422 $37,450 $40,972
2019 $1,246 $69,468 $28,000 $41,468
2018 $1,188 $60,452 $19,600 $40,852
2017 $1,733 $58,785 $17,500 $41,285
2016 $1,113 $54,182 $10,500 $43,682
2015 $1,110 $49,914 $6,300 $43,614
2014 $1,076 $35,277 $6,300 $28,977
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2012

    Wendy Cherrington

    Orange Realty Group LLC

    (808) 216-3435

    51 Total Sales

    Section Image

  • S

    Seller's Agent in 2012

    Scott Robson

    SureSource Properties

  • Ashley McCormick

    Buyer's Agent in 2012

    Ashley McCormick

    Las Vegas Sotheby's Int'l

    (702) 523-0916

    64 Total Sales

    Section Image
  • Brenda Caruso

    Buyer's Agent in 2012

    Brenda Caruso

    Cornel Realty LLC

    (702) 219-9127

    56 Total Sales

    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 1253437

Las Vegas REALTORS®

APN: 162-27-611-345

Nevada Clark County Las Vegas 89119 University District

5165 Gray Ln, Las Vegas, NV

This home is located at 5165 Gray Ln, Las Vegas, NV 89119 since 24 May 2012 and is currently estimated at $604,252, approximately $157 per square foot. This property was built in 1977. 5165 Gray Ln is a home located in Clark County with nearby schools including Gene Ward Elementary School, Jack Dailey Elementary School, and Helen C. Cannon Junior 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.

Las Vegas REALTORS® The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2025 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.

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