NOT LISTED FOR SALE
2 Beds
2 Baths
1,205 Sq Ft
2,919 Sq Ft Lot

Last Sold July 20, 2016

Last sale price $615,000 $510 Per Sq Ft

242 Days on Market

Highlights

  • Clubhouse
  • Security System Owned
  • Central Heating and Cooling System
  • Community Pool
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of July 2016

Investors Only. 7 separate Condos sold as Package. Operated as a Business of Short Term Furnished Rentals. 10 CAP rate. Includes properties, business, furnishings, appliances, and websites.

Last Agent to Sell the Property

Michael Rohland

Nationwide Realty LLC License #S.0170467 Listed on: 10/21/2015

Last Buyer's Agent

Lisa Lavelle

Rustic Elegance Nevada Living License #S.0174494

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $589

Year Built

  • Built in 2005

Lot Details

  • Property is in excellent condition

Parking

  • 10 Parking Spaces

Home Design

  • Quadruplex
  • Wood Frame Construction

Interior Spaces

  • 1,205 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Ceramic Tile Flooring
  • Security System Owned

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for rent only
  • Legal Lot and Block 1 / 1

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include management, ground maintenance, recreation facilities, security, trash, water
  • 6 Buildings
  • 4 Units
  • Desert Pines Condo Unit 2 Merg Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Building Details

  • Maintenance Expense $7,490
  • Professional Management Expense $25,253

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$589

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • CapRate: 11.44
  • Professional Management Expense: 25253.0
  • Subdivision Name: DESERT PINES CONDO UNIT 2 MERG
  • Directions: 7 Condos units sold as a package. In 4 different complexes.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Efficiency: Other, See Remarks
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 2005
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 2005

Interior Features

  • Number Of Buildings: 6
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Washer
  • Flooring: Ceramic Tile
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 1205.0
  • Window Features: Blinds

Exterior Features

  • Disclosures: Principal is Real Estate Licensed
  • Construction Type: Wood Frame
  • Property Condition: Excellent, Resale
  • Roof: Other

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Security: Security System Owned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 14052.0

Condo/Co-op/Association

  • Amenities: Clubhouse, Pool, Cable TV
  • Association Fee: 1233.0
  • Association: Yes

Fee Information

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

Lot Info

  • Current Use: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: Rent Only

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 153000.0
  • Insurance Expense: 714.0
  • Maintenance Expense: 7490.0
  • Annual Operating Expense: 79000.0

Tax Info

  • Tax Annual Amount: 589.0
  • Tax Block: 1
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2024
Sold by
Pak Joshua
Bought by
Pak Soo
Total Days on Market
242

Purchase Details

Closed on
Nov 14, 2017
Sold by
Johnson Leslie M
Bought by
Amos Aniece

Purchase Details

Listed on
Oct 21, 2015
Closed on
Jul 18, 2016
Sold by
Las Vegas Rental Homes I Llp
Bought by
Johnson Lelie M
Seller's Agent
Michael Rohland
Nationwide Realty LLC
Buyer's Agent
Lisa Lavelle
Rustic Elegance Nevada Living
List Price
$689,000
Sold Price
$615,000
Premium/Discount to List
-$74,000
-10.74%

Purchase Details

Closed on
Aug 20, 2014
Sold by
Garnet Enterprises Llc
Bought by
Desert Pine Villas Homeowners Assn

Purchase Details

Closed on
Jul 29, 2014
Sold by
Nationstar Mortgage Llc
Bought by
Las Vegas Rental Homes I Lllp

Purchase Details

Closed on
Jun 17, 2014
Sold by
Nationstar Mortgage Llc
Bought by
Us Bank National Association

Purchase Details

Closed on
Jun 12, 2014
Sold by
Lysaght Rebecca M
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Jul 16, 2009
Sold by
Gates Geoffrey F and Gates Rebecca M
Bought by
Garnet Enterprises Llc

Purchase Details

Closed on
Mar 2, 2005
Sold by
Kb Home Nevada Inc
Bought by
Lysaght Rebecca M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,750
Interest Rate
5.66%
Mortgage Type
Unknown
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
Pak Soo -- Fidelity National Title
Pak Soo $242,000 Fidelity National Title
Amos Aniece $130,000 Ticor Title Las Vegas
Johnson Lelie M $525,000 Ticor Title Las Vegas
Desert Pine Villas Homeowners Assn $6,265 None Available
Las Vegas Rental Homes I Lllp $66,255 Netco
Us Bank National Association $176,787 Accommodation
Nationstar Mortgage Llc $176,787 Accommodation
Garnet Enterprises Llc -- None Available
Gates Geoffrey F -- None Available
Lysaght Rebecca M $162,206 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Las Vegas Rental Homes I Lllp $94,854
Previous Owner Lysaght Rebecca M $164,000
Previous Owner Lysaght Rebecca M $129,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2016 07/20/16 Sold $615,000 -10.7% $510 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
10/21/2015 10/21/15 For Sale $689,000 -- $572 / 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 $915 $73,351 $22,050 $51,301
2024 $889 $73,351 $22,050 $51,301
2023 $889 $73,693 $26,950 $46,743
2022 $823 $68,127 $23,800 $44,327
2021 $762 $58,051 $22,050 $36,001
2020 $705 $59,604 $22,050 $37,554
2019 $661 $48,804 $16,800 $32,004
2018 $630 $37,315 $9,100 $28,215
2017 $1,022 $31,168 $7,700 $23,468
2016 $592 $27,257 $5,600 $21,657
2015 $589 $23,256 $4,550 $18,706
2014 $836 $16,889 $4,550 $12,339
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1582794

Las Vegas REALTORS®

APN: 138-11-517-133