NOT LISTED FOR SALE

5205 Gray Ln Las Vegas, NV 89119

University District Neighborhood

Estimated Value: $510,457 - $753,000

7 Beds
6 Baths
3,814 Sq Ft
$161/Sq Ft Est. Value

Last Sold May 09, 2018

Last sale price $275,000 $72 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $4,135/month

20 Days on Market

Highlights

  • Clubhouse
  • Refrigerated Cooling System
  • Ceramic Tile Flooring
  • Community Pool
  • Security Guard
  • Landscaped

About This Home

As of May 2018

Great Investment Opportunity-Great proximity to UNLV, the STRIP, abundance of shopping-McCarran airport-all units are currently rented on leases-professionally managed--tenants only pay electric-HOA includes sewer, trash, water, ground maintenance-owner is responsible for building paint, roofs, garages-two- one bed units, one is a loft, one is single story-these units rent fast. Community pool and club house-gated with security.

Last Agent to Sell the Property

Dan DeNuccio

BHHS Nevada Properties License #BS.0012797 Listed on: 03/19/2018

BHHS Nevada Properties

Last Buyer's Agent

Jim Fong

Real Broker LLC License #BS.0068736

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,109

Year Built

  • Built in 1977

Lot Details

  • Landscaped
  • Property is in average condition

HOA Fees

  • $640 Monthly HOA Fees

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,814 Sq Ft Home
  • 2-Story Property
  • Blinds

Kitchen

  • Oven
  • Range with Range Hood
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Utilities

  • Refrigerated Cooling System
  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • Association fees include insurance, ground maintenance, recreation facilities, sewer, security, trash, water
  • 4 Units
  • Century Garden #2 Amd Resub Subdivision

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Professional Management Expense $2,400
  • Security Guard

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,109

Year Built

Built in 1977

Lot Details

0

HOA Fees

$640 per month

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • CapRate: 8.5
  • Professional Management Expense: 2400.0
  • Subdivision Name: CENTURY GARDEN #2 AMD RESUB
  • Directions: South on Maryland Parkway from Tropicana, go Right into Parkway Villas, Follow around clubhouse to Gray Ln. Take A Left on Gray Ln, and it will be 2nd building on Right.
  • Architectural Style: Fourplex
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1977
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1977

Interior Features

  • Number Of Buildings: 1
  • Appliances: Exhaust Fan, Electric Water Heater, Disposal, Oven, Range, Refrigerator, Range Hood
  • Flooring: Carpet, Ceramic Tile
  • Window Features: Blinds

Exterior Features

  • Construction Type: Stucco, Wood Frame
  • Property Condition: Average Condition, Resale
  • Roof: Composition, Flat, Pitched, Shingle

Garage/Parking

  • Parking Features: Garage, Paved
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air, Refrigerated
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Clubhouse, Landscaping, Pool, Guard, Cable TV
  • Association Fee: 640.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Insurance, Maintenance Grounds, Recreation Facilities, Sewer, Security, Trash, Water

Lot Info

  • Current Use: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 34397.0
  • Insurance Expense: 560.0
  • Annual Operating Expense: 11729.0

Tax Info

  • Tax Annual Amount: 1109.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2018
Closed on
Apr 17, 2018
Sold by
Intelligent Investment Llc
Bought by
Liu Katie and Lai Angie Leung
Seller's Agent
Dan DeNuccio
BHHS Nevada Properties
Buyer's Agent
Jim Fong
Real Broker LLC
List Price
$265,000
Sold Price
$275,000
Premium/Discount to List
$10,000
3.77%
Current Estimated Value
$613,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,864
Avg. Annual Appreciation
11.36%

Purchase Details

Listed on
Sep 23, 2016
Closed on
Dec 29, 2016
Sold by
Baig Mobin
Bought by
Intellingent Investments Llc
Seller's Agent
Windy Goss
eXp Realty
Buyer's Agent
Dan DeNuccio
BHHS Nevada Properties
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.84%

Purchase Details

Closed on
Apr 9, 2010
Sold by
Pierre Gendebien Inc
Bought by
Jordan Keith C

Purchase Details

Closed on
Mar 5, 2010
Sold by
Us Bank National Association
Bought by
Pierre Gendebien Inc

Purchase Details

Closed on
Apr 13, 2009
Sold by
Corona Alicia
Bought by
Us Bank National Association

Purchase Details

Closed on
Oct 20, 2006
Sold by
Macaraeg Augusto D
Bought by
Corona Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,200
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 16, 2005
Sold by
Macaraeg Maria Antonia
Bought by
Macaraeg Augusto D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
7.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 8, 2003
Sold by
Agnos George P and Agnos Margaret
Bought by
Tormey William G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
5.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 26, 1998
Sold by
Stauber Robert F and Stauber Patricia G
Bought by
Agnos George P and Agnos Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,410
Interest Rate
9.45%

Purchase Details

Closed on
Dec 2, 1993
Sold by
Eisner Donald L and Eisner Lillian I
Bought by
Eisner Donald L and Eisner Lillian I
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
Liu Katie $275,000 Stewart Title Company F
Intellingent Investments Llc -- Noble Title
Baig Mobin -- Noble Title
Jordan Keith C $151,000 Fidelity National Title Las
Pierre Gendebien Inc $78,750 Chicago Title Las Vegas
Us Bank National Association $195,000 Fidelity National Default So
Corona Alicia $426,000 Commonwealth Title
Macaraeg Augusto D -- Nevada Title Company
Macaraeg Augusto D $360,000 Nevada Title Company
Tormey William G $220,500 Land Title Of Nevada
Agnos George P $176,500 Old Republic Title Company
Eisner Donald L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corona Alicia $298,200
Previous Owner Macaraeg Augusto D $324,000
Previous Owner Tormey William G $176,000
Previous Owner Agnos George P $123,410
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2018 05/09/18 Sold $275,000 +3.8% $72 / Sq Ft
04/09/2018 04/09/18 Pending -- -- --
03/19/2018 03/19/18 For Sale $265,000 +23.3% $69 / Sq Ft
12/29/2016 12/29/16 Sold $215,000 -4.4% $56 / Sq Ft
11/29/2016 11/29/16 Pending -- -- --
09/23/2016 09/23/16 For Sale $225,000 -- $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 $1,798 $94,273 $50,400 $43,873
2024 $1,666 $94,273 $50,400 $43,873
2023 $1,666 $98,383 $56,000 $42,383
2022 $1,543 $83,374 $42,000 $41,374
2021 $1,429 $77,029 $37,450 $39,579
2020 $1,324 $78,194 $37,450 $40,744
2019 $1,241 $69,242 $28,000 $41,242
2018 $1,184 $60,228 $19,600 $40,628
2017 $1,726 $58,556 $17,500 $41,056
2016 $1,109 $53,935 $10,500 $43,435
2015 $1,106 $49,675 $6,300 $43,375
2014 $1,072 $35,135 $6,300 $28,835
Source: Public Records

Agents Affiliated with this Home

  • Dan DeNuccio

    Seller's Agent in 2018

    Dan DeNuccio

    BHHS Nevada Properties

    (702) 792-4663

    64 Total Sales

    Dan DeNuccio
    Section Image

  • J

    Buyer's Agent in 2018

    Jim Fong

    Real Broker LLC

    (702) 326-8277

    3 in this area

    219 Total Sales

    Jim Fong
    Section Image

  • W

    Seller's Agent in 2016

    Windy Goss

    eXp Realty

    (702) 523-8128

    6 in this area

    172 Total Sales

    Windy Goss
    Section Image
See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 1975112

Las Vegas REALTORS®

APN: 162-27-611-347

Nevada Clark County Las Vegas 89119 University District

5205 Gray Ln, Las Vegas, NV

This home is located at 5205 Gray Ln, Las Vegas, NV 89119 since 19 March 2018 and is currently estimated at $613,864, approximately $160 per square foot. This property was built in 1977. 5205 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.

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