NOT LISTED FOR SALE

5235 Gray Ln Las Vegas, NV 89119

University District Neighborhood

Estimated Value: $447,457 - $743,000

7 Beds
6 Baths
3,814 Sq Ft
$160/Sq Ft Est. Value

Last Sold September 27, 2017

Last sale price $206,100 $54 Per Sq Ft

Est. 196% increase in value since last sale

Current estimated payment $3,479/month

307 Days on Market

Highlights

  • Community Pool
  • Central Heating and Cooling System
  • Carpet
  • Patio

About This Home

As of September 2017

Great return on investment! This fourplex has all units OCCUPIED. (1) 3 bedroom, (1) 2 bedroom, (2) 1 bedrooms each with own garage and patio. Located in a gated community with community pool and clubhouse! Conveniently located near airport, university, and the Strip. Don't miss out!

Last Agent to Sell the Property

Ehren Alessi

LIFE Realty District License #S.0061860 Listed on: 10/24/2016

LIFE Realty District

Last Buyer's Agent

Laurie Lee

Realty ONE Group, Inc License #S.0171733

Realty ONE Group, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,071

Year Built

  • Built in 1977

Lot Details

  • 0.52

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

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

Additional Features

  • Patio
  • Property is in average condition
  • Central Heating and Cooling System

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include management, ground maintenance, trash, water
  • 4 Units
  • Century Garden #2 Amd Resub Subdivision

Recreation

  • Community Pool

Building Details

  • Maintenance Expense $1
  • Professional Management Expense $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,071

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • CapRate: 18.23
  • Professional Management Expense: 1.0
  • Subdivision Name: CENTURY GARDEN #2 AMD RESUB
  • Directions: From Russell and Maryland Pky, Head North to Gated Community of Century Gardens. Turn Left on Gray to property.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1977
  • ResoPropertyType: Residential
  • Special Features: 4108
  • Stories: 2
  • Year Built: 1977

Interior Features

  • Number Of Buildings: 1
  • Flooring: Carpet

Exterior Features

  • Construction Type: Stucco
  • Patio And Porch Features: Patio
  • Property Condition: Average Condition, Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1.0

Condo/Co-op/Association

  • Amenities: Pool
  • Association Fee: 658.0
  • Association: Yes

Fee Information

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

Lot Info

  • Current Use: Residential
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Insurance Expense: 1.0
  • Maintenance Expense: 1.0

Tax Info

  • Tax Annual Amount: 1071.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2024
Sold by
Okko Oskar
Bought by
Okko Oskar
Current Estimated Value
$610,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Outstanding Balance
$454,717
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$151,907

Purchase Details

Listed on
Oct 24, 2016
Closed on
Sep 25, 2017
Sold by
Lr Reinaldo
Bought by
Sarfaty Suzanne
Seller's Agent
Ehren Alessi
LIFE Realty District
Buyer's Agent
Laurie Lee
Realty ONE Group, Inc
List Price
$195,000
Sold Price
$206,100
Premium/Discount to List
$11,100
5.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.58%

Purchase Details

Listed on
Oct 24, 2016
Closed on
Sep 19, 2017
Sold by
Okko Kenna
Bought by
Okko Oskar
Seller's Agent
Ehren Alessi
LIFE Realty District
Buyer's Agent
Laurie Lee
Realty ONE Group, Inc
List Price
$195,000
Sold Price
$206,100
Premium/Discount to List
$11,100
5.69%

Purchase Details

Closed on
May 22, 2017
Sold by
Sarfaty Suzanne
Bought by
Okko Oskar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,200
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 18, 2003
Sold by
Taylor Bruce E
Bought by
Sarfaty Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 25, 2002
Sold by
Taylor Sherisse N
Bought by
Taylor Bruce E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,200
Interest Rate
8%

Purchase Details

Closed on
Sep 5, 2002
Sold by
Beckerman Stephen M and Beckerman Karla D
Bought by
Taylor Bruce E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,200
Interest Rate
8%

Purchase Details

Closed on
Feb 9, 1998
Sold by
Sandlin Herbert D and Sandlin Christine A
Bought by
Palmer David Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
7.17%

Purchase Details

Closed on
Oct 27, 1993
Sold by
Kuriki Stanley E
Bought by
Sandlin Herbert D and Sandlin Christine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,650
Interest Rate
6.95%
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
Okko Oskar -- Netco Title
Sarfaty Suzanne -- Ticor Title Las Vegas
Okko Oskar -- Ticor Title Las Vegas
Okko Oskar $206,100 Ticor Title Las Vegas
Sarfaty Suzanne $225,000 First American Title Company
Taylor Bruce E -- First American Title
Taylor Bruce E $201,500 First American Title Co
Palmer David Frank $30,000 Stewart Title
Palmer David Frank $40,000 Stewart Title
Palmer David Frank $50,000 Stewart Title
Sandlin Herbert D $139,500 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Okko Oskar $457,500
Previous Owner Okko Oskar $144,200
Previous Owner Sarfaty Suzanne $270,000
Previous Owner Sarfaty Suzanne $202,500
Previous Owner Taylor Bruce E $161,200
Previous Owner Palmer David Frank $37,500
Previous Owner Palmer David Frank $35,250
Previous Owner Palmer David Frank $22,500
Previous Owner Sandlin Herbert D $97,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2017 09/27/17 Sold $206,100 +5.7% $54 / Sq Ft
08/28/2017 08/28/17 Pending -- -- --
10/24/2016 10/24/16 For Sale $195,000 -- $51 / 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 $1,109 $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

  • Ehren Alessi

    Seller's Agent in 2017

    Ehren Alessi

    LIFE Realty District

    (702) 830-7657

    395 Total Sales

    Ehren Alessi
    Section Image

  • L

    Buyer's Agent in 2017

    Laurie Lee

    Realty ONE Group, Inc

    (702) 540-3300

    1 in this area

    7 Total Sales

    Laurie Lee
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 1844605

Las Vegas REALTORS®

APN: 162-27-611-320

Nevada Clark County Las Vegas 89119 University District

5235 Gray Ln, Las Vegas, NV

This home is located at 5235 Gray Ln, Las Vegas, NV 89119 since 24 October 2016 and is currently estimated at $610,864, approximately $160 per square foot. This property was built in 1977. 5235 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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