NOT LISTED FOR SALE

518 S 11th St Las Vegas, NV 89101

Downtown Las Vegas Neighborhood

Estimated Value: $389,215 - $647,000

6 Beds
3 Baths
2,064 Sq Ft
$254/Sq Ft Est. Value

Last Sold March 16, 2015

Last sale price $170,000 $82 Per Sq Ft

Est. 208% increase in value since last sale

Current estimated payment $2,873/month

162 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • No Heating
  • Window Unit Cooling System
  • Carpet
  • 1-Story Property

About This Home

As of March 2015

Great location central for this income property. Recently updated with dual pane windows, stuccoed exterior and interior doors. All units include stove and refrigerator. Laundry room convenience for your tenants (machines leased). Three 2 bedroom, 1 bath units. Storage capability for all three units.

Last Agent to Sell the Property

Charles Martin

Realty ONE Group, Inc License #S.0075888 Listed on: 09/04/2014

Last Buyer's Agent

Shannon Smith

Realty ONE Group, Inc License #BS.0143915

Realty ONE Group, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $662

Year Built

  • Built in 1950

Lot Details

  • 8,276 Sq Ft Lot
  • Property is in good condition

Home Design

  • Triplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,064 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Carpet
  • Laundry Room

Kitchen

  • Oven
  • Range

Parking

  • 6 Parking Spaces
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 23 / 22

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Pioneer Hgts Add Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Maintenance Expense $1,200
  • Professional Management Expense $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$662

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.19
  • CapRate: 7.57
  • Professional Management Expense: 1.0
  • Subdivision Name: PIONEER HGTS ADD
  • Directions: From I15 and Charleston, East to 11th, North to property- West side.
  • Architectural Style: Triplex
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Triplex
  • Year Built Details: RESALE
  • Year Built: 1950
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Triplex
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1950

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator
  • Flooring: Carpet
  • Living Area: 2064.0
  • Window Features: Blinds

Exterior Features

  • Construction Type: Block, Stucco, Wood Frame
  • Property Condition: Good Condition, Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area, Laundry Room
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None, Other
  • Heating Yn: No
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 480.0

Condo/Co-op/Association

  • Association: No

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 8276.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 18342.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 1200.0
  • Annual Operating Expense: 4710.0

Tax Info

  • Tax Annual Amount: 662.0
  • Tax Block: 22
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2014
Closed on
Feb 24, 2015
Sold by
Thornton Jerry D
Bought by
Bustos Maria
Seller's Agent
Charles Martin
Realty ONE Group, Inc
Buyer's Agent
Shannon Smith
Realty ONE Group, Inc
List Price
$190,000
Sold Price
$170,000
Premium/Discount to List
-$20,000
-10.53%
Current Estimated Value
$524,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$354,304
Avg. Annual Appreciation
11.23%
Original Mortgage
$166,920
Outstanding Balance
$131,599
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$392,705

Purchase Details

Closed on
Feb 20, 2007
Sold by
Thornton John P and Luke Marilyn A
Bought by
Thornton Jerry D

Purchase Details

Closed on
Jun 11, 2003
Sold by
Thornton John P
Bought by
Thornton John P and Luke Marilyn A

Purchase Details

Closed on
Apr 30, 2003
Sold by
Thornton John P
Bought by
Thornton John P and Luke Marilyn A
Source: Public Records

Range of Values:

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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
Bustos Maria $170,000 Ticor Title Las Vegas
Thornton Jerry D -- None Available
Thornton John P -- --
Thornton John P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bustos Maria $166,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2015 03/16/15 Sold $170,000 -10.5% $82 / Sq Ft
02/14/2015 02/14/15 Pending -- -- --
09/04/2014 09/04/14 For Sale $190,000 -- $92 / 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 $1,113 $59,258 $38,675 $20,583
2024 $1,031 $59,258 $38,675 $20,583
2023 $686 $49,895 $31,850 $18,045
2022 $955 $40,426 $23,660 $16,766
2021 $884 $35,610 $20,020 $15,590
2020 $818 $35,274 $20,020 $15,254
2019 $767 $34,756 $19,950 $14,806
2018 $732 $33,968 $19,950 $14,018
2017 $1,002 $30,564 $16,800 $13,764
2016 $686 $26,092 $12,600 $13,492
2015 $684 $25,603 $12,600 $13,003
2014 $662 $25,226 $12,600 $12,626
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2015

    Charles Martin

    Realty ONE Group, Inc

  • Shannon Smith

    Buyer's Agent in 2015

    Shannon Smith

    Realty ONE Group, Inc

    (702) 809-0203

    2 in this area

    65 Total Sales

    Shannon Smith
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Map

Source: Las Vegas REALTORS®

MLS Number: 1477190

Las Vegas REALTORS®

APN: 139-34-811-019

Nevada Clark County Las Vegas 89101 Downtown Las Vegas

518 S 11th St, Las Vegas, NV

This home is located at 518 S 11th St, Las Vegas, NV 89101 since 04 September 2014 and is currently estimated at $524,304, approximately $254 per square foot. This property was built in 1950. 518 S 11th St is a home located in Clark County with nearby schools including Howard E Hollingsworth Elementary School, Roy West Martin Middle School, and Rancho High School.

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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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