NOT LISTED FOR SALE

521 Kolson Cir Las Vegas, NV 89119

University District Neighborhood

Estimated Value: $420,928 - $651,000

8 Beds
4 Baths
3,528 Sq Ft
$161/Sq Ft Est. Value

Last Sold April 01, 2014

Last sale price $170,999 $48 Per Sq Ft

Est. 232% increase in value since last sale

Current estimated payment $3,227/month

98 Days on Market

About This Home

As of April 2014

Las Vegas Investor's dream. 4-Plex for sale near the strip. Four 2bed/1bathUnits with large balcony. Currently have two long term tenants Close to shopping, eateries & school & casinos. Live in one Unit and rent out the three units.

Last Agent to Sell the Property

Carl Wuestehube

MLSHomelisters.com License #B.1001092 Listed on: 11/23/2013

Last Buyer's Agent

Bret Wulf

Simply Vegas License #S.0170245

Simply Vegas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,031

Year Built

  • Built in 1963

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in good condition

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,528 Sq Ft Home
  • 2-Story Property
  • Carpet

Kitchen

  • Oven
  • Range

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 30 / 1

Community Details

Overview

  • 2 Units
  • Paradise North Subdivision

Building Details

  • Maintenance Expense $400
  • Professional Management Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,031

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • CapRate: 3.53
  • Professional Management Expense: 1000.0
  • Subdivision Name: PARADISE NORTH
  • Directions: North on Paradise from Flamingo. East on Twain, South on Palos Verdes, West on Kolson.
  • 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: Oven, Range
  • Flooring: Carpet
  • Interior Amenities: None
  • Living Area: 3528.0

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 400.0

Condo/Co-op/Association

  • Amenities: None

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 7405.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 6000.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 400.0

Tax Info

  • Tax Annual Amount: 1031.0
  • Tax Block: 1
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2013
Closed on
Apr 1, 2014
Sold by
Miranda Lizbeth Lorenzo
Bought by
Ipatzi Erwin
Seller's Agent
Carl Wuestehube
MLSHomelisters.com
Buyer's Agent
Bret Wulf
Simply Vegas
List Price
$199,000
Sold Price
$170,999
Premium/Discount to List
-$28,001
-14.07%
Current Estimated Value
$567,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,983
Avg. Annual Appreciation
9.67%
Original Mortgage
$170,848
Outstanding Balance
$132,512
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$362,012

Purchase Details

Listed on
Nov 23, 2013
Closed on
Mar 3, 2014
Sold by
Jesse Jasdeep Singh Llc
Bought by
Ipatzi Erwin
Seller's Agent
Carl Wuestehube
MLSHomelisters.com
Buyer's Agent
Bret Wulf
Simply Vegas
List Price
$199,000
Sold Price
$170,999
Premium/Discount to List
-$28,001
-14.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,848
Outstanding Balance
$132,512
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$362,012

Purchase Details

Closed on
Feb 2, 2010
Sold by
Us Bank National Association
Bought by
Jesse Jasdeep Singh Llc

Purchase Details

Closed on
Nov 18, 2009
Sold by
Withers Jongdee U
Bought by
Us Bank National Association

Purchase Details

Closed on
Jul 18, 2006
Sold by
Withers Jongdee U
Bought by
Jdee Investments Llc

Purchase Details

Closed on
Dec 27, 2005
Sold by
Melgoza Juan and Melgoza Gabriel
Bought by
Withers Jongdee U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,000
Interest Rate
6.36%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 27, 1999
Sold by
Melgoza Juana
Bought by
Melgoza Juan

Purchase Details

Closed on
Jun 3, 1999
Sold by
Knadjian Alice and Knadjian Hovannes
Bought by
Melgoza Juan and Melgoza Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,690
Interest Rate
7.56%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Ipatzi Erwin -- Chicago Title Las Vegas
Ipatzi Erwin $174,000 Chicago Title Las Vegas
Jesse Jasdeep Singh Llc $114,000 Ticor Title Las Vegas
Us Bank National Association $146,400 Servicelink
Jdee Investments Llc -- None Available
Withers Jongdee U $440,000 Equity Title Of Nevada
Melgoza Juan -- Fidelity National Title Agen
Melgoza Juan $170,000 Fidelity National Title Agen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ipatzi Erwin $170,848
Previous Owner Withers Jongdee U $326,000
Previous Owner Melgoza Juan $167,690
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2014 04/01/14 Sold $170,999 -14.1% $48 / Sq Ft
03/02/2014 03/02/14 Pending -- -- --
11/23/2013 11/23/13 For Sale $199,000 -- $56 / 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 $2,579 $76,413 $40,600 $35,813
2024 $2,427 $76,413 $40,600 $35,813
2023 $2,427 $63,523 $32,200 $31,323
2022 $2,285 $59,920 $30,800 $29,120
2021 $2,826 $55,123 $28,000 $27,123
2020 $1,313 $54,570 $28,000 $26,570
2019 $1,230 $52,394 $26,600 $25,794
2018 $1,174 $49,600 $25,200 $24,400
2017 $1,358 $46,294 $22,400 $23,894
2016 $1,100 $43,039 $19,600 $23,439
2015 $1,097 $39,399 $16,800 $22,599
2014 $1,063 $35,153 $15,400 $19,753
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Carl Wuestehube

    MLSHomelisters.com

  • Bret Wulf

    Buyer's Agent in 2014

    Bret Wulf

    Simply Vegas

    (702) 719-9618

    98 Total Sales

    Bret Wulf
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Map

Source: Las Vegas REALTORS®

MLS Number: 1402847

Las Vegas REALTORS®

APN: 162-15-310-030

Nevada Clark County Las Vegas 89119 University District

521 Kolson Cir, Las Vegas, NV

This home is located at 521 Kolson Cir, Las Vegas, NV 89119 since 23 November 2013 and is currently estimated at $567,982, approximately $160 per square foot. This property was built in 1963. 521 Kolson Cir 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.

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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