NOT LISTED FOR SALE

5216 Gray Ln Las Vegas, NV 89119

University District Neighborhood

Estimated Value: $502,252 - $670,000

7 Beds
6 Baths
3,648 Sq Ft
$163/Sq Ft Est. Value

Last Sold August 11, 2020

Last sale price $375,000 $103 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $4,043/month

11 Days on Market

Highlights

  • Gated Community
  • Community Pool
  • Security Guard
  • Clubhouse
  • Patio
  • Tile Flooring

About This Home

As of August 2020

Great Location near Airport, UNLV, and Las Vegas Strip. Gated Community with Pool. 24hr security. 1 Car Garage with each unit. Roof and AC units were renovated in 2008. Granite Counter tops in 3 units. 2 bedroom was recently remodeled. This is a well maintained 4 plex! Gated private patio area. All appliances included.

Last Agent to Sell the Property

Sean Prose

Investment Brokers & Assoc License #B.1000563 Listed on: 06/30/2020

Last Buyer's Agent

Kevin Chia

Investment Brokers & Assoc License #BS.0145578

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,206

Year Built

  • Built in 1977

Lot Details

  • 4,792 Sq Ft Lot
  • Property is in average condition

HOA Fees

  • $660 Monthly HOA Fees

Parking

  • 4 Car Garage

Home Design

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

Interior Spaces

  • 3,648 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • Association fees include management, ground maintenance, sewer, security, trash, water
  • 4 Units
  • Century Gardens Sub 2Nd Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Security

  • Security Guard
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,206

Year Built

Built in 1977

Lot Details

0

HOA Fees

$660 per month

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Subdivision Name: Century Gardens Sub 2nd
  • Directions: From Tropicana and Maryland Pkwy. South of Maryland Parkway. Right on to Century Gardens. Left onto Gray Lane. 5216 Gray Lane is located on the left side.
  • 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

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Flooring: Carpet, Tile
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 3648.0
  • Window Features: Blinds

Exterior Features

  • Disclosures: Familial Relation
  • Construction Type: Stucco, Wood Frame
  • Patio And Porch Features: Patio
  • Property Condition: Average Condition, Resale
  • Roof: Composition, Pitched, Shingle

Garage/Parking

  • Parking Features: Garage
  • Total Parking Spaces: 4.0

Utilities

  • Security: Gated Community
  • Cooling: Central Air
  • 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, Pool, Guard
  • Association Fee: 660.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

Lot Info

  • Lot Size Sq Ft: 4792.0
  • Additional Parcels Description: ---
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 35400.0
  • Insurance Expense: 800.0
  • Annual Operating Expense: 9926.0

Tax Info

  • Tax Annual Amount: 1206.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2021
Sold by
Balasta Lindsay
Bought by
Q & A Gray Lane Llc
Current Estimated Value
$594,063

Purchase Details

Listed on
Jun 30, 2020
Closed on
Aug 10, 2020
Sold by
Chia Kevin
Bought by
Balasta Lindsay
Seller's Agent
Sean Prose
Investment Brokers & Assoc
Buyer's Agent
Kevin Chia
Investment Brokers & Assoc
List Price
$380,000
Sold Price
$375,000
Premium/Discount to List
-$5,000
-1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.57%
Original Mortgage
$281,250
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 30, 2020
Closed on
Aug 4, 2020
Sold by
Pross Properties Llc Series A
Bought by
Balasta Lindsay
Seller's Agent
Sean Prose
Investment Brokers & Assoc
Buyer's Agent
Kevin Chia
Investment Brokers & Assoc
List Price
$380,000
Sold Price
$375,000
Premium/Discount to List
-$5,000
-1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2008
Sold by
Prose Gerald W and Prose Helen M
Bought by
Prose Properties Llc Series A

Purchase Details

Closed on
Feb 27, 2008
Sold by
First Magnus Financial Corp
Bought by
Prose Gerald W and Prose Helen M

Purchase Details

Closed on
Dec 20, 2006
Sold by
Colasuonno Mary A
Bought by
Salmeron Jesus A

Purchase Details

Closed on
Feb 17, 2006
Sold by
Blum Michael and Blum Julia
Bought by
Colasuonna Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,500
Interest Rate
6.15%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 9, 2006
Sold by
Colasuonno Mark
Bought by
Colasuonno Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,500
Interest Rate
6.15%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 25, 2005
Sold by
Miller Jeffery J
Bought by
Blum Michael and Blum Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,750
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 27, 2004
Sold by
Kochan Lance
Bought by
Miller Jeffrey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,200
Interest Rate
5.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 3, 2001
Sold by
Kochan Lance
Bought by
Kochan Lance and L Kochan Trust
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
Q & A Gray Lane Llc -- Accommodation
Balasta Lindsay -- Ticor Title Green Valley
Balasta Lindsay $375,000 Ticor Title Green Valley
Prose Properties Llc Series A -- None Available
Prose Gerald W $229,900 Equity Title Of Nevada
Salmeron Jesus A $52,000 None Available
Colasuonna Mary A $445,000 Fidelity National Title
Colasuonno Mary A -- Fidelity National Title
Blum Michael $333,000 Ticor Title Of Nevada Inc
Miller Jeffrey J $254,000 National Title Company
Kochan Lance -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Balasta Lindsay $281,250
Previous Owner Colasuonna Mary A $44,500
Previous Owner Colasuonno Mary A $356,000
Previous Owner Colasuonno Mary A $44,500
Previous Owner Blum Michael $249,750
Previous Owner Miller Jeffrey J $203,200
Closed Miller Jeffrey J $38,100
Closed Blum Michael $49,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2020 08/11/20 Sold $375,000 -1.3% $103 / Sq Ft
07/12/2020 07/12/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $380,000 -- $104 / 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 $1,749 $93,448 $50,400 $43,048
2024 $1,620 $93,448 $50,400 $43,048
2023 $1,620 $97,597 $56,000 $41,597
2022 $1,500 $82,608 $42,000 $40,608
2021 $1,389 $75,735 $37,450 $38,285
2020 $1,287 $76,888 $37,450 $39,438
2019 $1,206 $67,925 $28,000 $39,925
2018 $1,151 $58,911 $19,600 $39,311
2017 $1,687 $57,207 $17,500 $39,707
2016 $1,078 $52,508 $10,500 $42,008
2015 $1,077 $48,256 $6,300 $41,956
2014 $1,044 $34,218 $6,300 $27,918
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sean Prose

    Investment Brokers & Assoc

    (702) 580-1678

    12 Total Sales

    Sean Prose
    Section Image

  • K

    Buyer's Agent in 2020

    Kevin Chia

    Investment Brokers & Assoc

    (702) 882-8888

    14 Total Sales

    Kevin Chia
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 2208344

Las Vegas REALTORS®

APN: 162-27-616-003

Nevada Clark County Las Vegas 89119 University District

5216 Gray Ln, Las Vegas, NV

This home is located at 5216 Gray Ln, Las Vegas, NV 89119 since 30 June 2020 and is currently estimated at $594,063, approximately $162 per square foot. This property was built in 1977. 5216 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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