NOT LISTED FOR SALE

5225 W Reno Ave Unit 224 Las Vegas, NV 89118

Spring Valley Neighborhood

Estimated Value: $238,000 - $258,000

2 Beds
2 Baths
1,001 Sq Ft
$245/Sq Ft Est. Value

Last Sold March 20, 2012

Last sale price $48,300 $48 Per Sq Ft

Est. 408% increase in value since last sale

Current estimated payment $1,444/month

About This Home

As of March 2012

Nice 2 Bedroom 2 Bathroom Condo | Living Room With Cozy Fireplace And Beautiful Laminate Floors | Kitchen With Breakfast Bar | All Appliances Are Included | Both Bedrooms Are Very Large | No Carpets In The Unit | Gated Community With Pool And Spa

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2011
Closed on
Jan 30, 2012
Sold by
Bank Of America Na
Bought by
Babayan Yervand
Seller's Agent
John Gafford
Simply Vegas
Buyer's Agent
Meline Hakobyan
Realty ONE Group, Inc
List Price
$46,900
Sold Price
$48,300
Premium/Discount to List
$1,400
2.99%
Current Estimated Value
$245,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,054
Avg. Annual Appreciation
13.08%

Purchase Details

Closed on
Oct 17, 2011
Sold by
Markosyan Mari
Bought by
Bank Of America Na

Purchase Details

Closed on
Jul 11, 2006
Sold by
Gezalyan Art
Bought by
Markosyan Mari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,800
Interest Rate
2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 1, 2004
Sold by
Brooks Rosalinda
Bought by
Brooks Keith B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2002
Sold by
Jahr Vernon A and Jahr May L
Bought by
Brooks Keith B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.89%

Purchase Details

Closed on
Jul 27, 1994
Sold by
The Reno Edmonds Properties Ltd Prtnrshp
Bought by
Jahr Vernon A and Jahr May L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,650
Interest Rate
8.38%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Babayan Yervand $48,300 Fidelity Rainbow
Bank Of America Na $40,000 Accommodation
Markosyan Mari $182,000 First Amer Title Co Of Nv
Markosyan Mari $182,000 First Amer Title Co Of Nv
Brooks Keith B -- North American Title Co
Brooks Keith B $85,000 First American Title Co
Jahr Vernon A $78,500 National Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Markosyan Mari $163,800
Previous Owner Brooks Keith B $74,000
Previous Owner Brooks Keith B $68,000
Previous Owner Jahr Vernon A $76,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2017 08/01/17 For Rent $900 0.0% --
08/01/2017 08/01/17 Rented $900 0.0% --
09/20/2016 09/20/16 Rented $900 +5.9% --
08/21/2016 08/21/16 Under Contract -- -- --
08/09/2016 08/09/16 For Rent $850 0.0% --
07/22/2015 07/22/15 For Rent $850 0.0% --
07/22/2015 07/22/15 Rented $850 0.0% --
03/20/2012 03/20/12 Sold $48,300 +3.0% $48 / Sq Ft
02/19/2012 02/19/12 Pending -- -- --
12/16/2011 12/16/11 For Sale $46,900 -- $47 / Sq Ft

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 $807 $44,115 $18,900 $25,215
2024 $748 $44,115 $18,900 $25,215
2023 $748 $44,768 $21,350 $23,418
2022 $693 $39,586 $17,850 $21,736
2021 $642 $36,881 $15,750 $21,131
2020 $593 $36,826 $15,750 $21,076
2019 $556 $33,979 $12,950 $21,029
2018 $530 $27,245 $6,650 $20,595
2017 $805 $27,449 $6,300 $21,149
2016 $498 $26,926 $5,600 $21,326
2015 $496 $19,189 $3,850 $15,339
2014 $480 $15,883 $4,200 $11,683
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Davit Hakobyan

    Dream Big Realty Group

    21 in this area

    64 Total Sales

    Davit Hakobyan
    Section Image

  • M

    Buyer's Agent in 2017

    MICHAEL FISSEHA

    Elite Realty

    4 in this area

    13 Total Sales

    MICHAEL FISSEHA
    Section Image

  • S

    Buyer's Agent in 2016

    Shahla Rouhani

    Realty ONE Group, Inc

    (919) 348-7434

    2 in this area

    29 Total Sales

    Shahla Rouhani
    Section Image
  • John Gafford

    Seller's Agent in 2012

    John Gafford

    Simply Vegas

    (702) 577-1143

    29 Total Sales

    John Gafford
    Section Image

  • M

    Buyer's Agent in 2012

    Meline Hakobyan

    Realty ONE Group, Inc

    2 in this area

    7 Total Sales

    Meline Hakobyan
    Section Image
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Map

Nevada Clark County Las Vegas 89118 Spring Valley

5225 W Reno Ave Unit 224, Las Vegas, NV

This home is located at 5225 W Reno Ave Unit 224, Las Vegas, NV 89118 and is currently estimated at $245,354, approximately $245 per square foot. 5225 W Reno Ave Unit 224 is a home located in Clark County with nearby schools including Helen Jydstrup Elementary School, Grant Sawyer Middle School, and Durango 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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