NOT LISTED FOR SALE

Estimated Value: $463,223 - $790,000

8 Beds
8 Baths
3,892 Sq Ft
$177/Sq Ft Est. Value

Last Sold February 18, 2014

Last sale price $188,000 $48 Per Sq Ft

Est. 266% increase in value since last sale

Current estimated payment $3,983/month

64 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Landscaped
  • Central Heating and Cooling System

About This Home

As of February 2014

GREAT INVESTMENT OPPORTUNITY

Last Agent to Sell the Property

Mike Gorelick

Blue Diamond Realty LLC License #BS.0044376 Listed on: 11/15/2013

Blue Diamond Realty LLC

Last Buyer's Agent

Marta Todorovich

Southwest Real Estate LLC License #S.0072470

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,596

Year Built

  • Built in 1985

Lot Details

  • 7,405 Sq Ft Lot
  • Landscaped
  • Property is in average condition

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Mansard Roof Shape
  • Wood Frame Construction

Interior Spaces

  • 3,892 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Dryer

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 13 / 2

Community Details

Overview

  • 2 Units
  • Sierra Oeste #2 Subdivision

Building Details

  • Maintenance Expense $1,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,596

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • CapRate: 9.22
  • Subdivision Name: SIERRA OESTE #2
  • Directions: WEST ON LAKE MEAD FROM JONES* SOUTH ON ARPA* WEST ON ILANOS
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1985
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1985

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Disposal, Other, Oven, Range, Refrigerator
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 3892.0
  • Window Features: Blinds

Exterior Features

  • Construction Type: Wood Frame
  • Property Condition: Average Condition, Resale
  • Roof: Flat, Mansard

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1647.0

Condo/Co-op/Association

  • Amenities: Landscaping

Lot Info

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

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 25872.0
  • Insurance Expense: 336.0
  • Maintenance Expense: 1260.0
  • Annual Operating Expense: 7518.0

Tax Info

  • Tax Annual Amount: 1596.0
  • Tax Block: 2
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2013
Closed on
Feb 14, 2014
Sold by
Amitin Daniel
Bought by
Zem Llc
Seller's Agent
Mike Gorelick
Blue Diamond Realty LLC
Buyer's Agent
Marta Todorovich
Southwest Real Estate LLC
List Price
$225,000
Sold Price
$188,000
Premium/Discount to List
-$37,000
-16.44%
Current Estimated Value
$688,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$500,806
Avg. Annual Appreciation
11.47%

Purchase Details

Listed on
Jan 31, 2012
Closed on
Jun 6, 2012
Sold by
Newberry Danny and Newberry Christopher
Bought by
Amitin Daniel
Seller's Agent
Rick Keever
Compass Realty & Management
Buyer's Agent
Mike Gorelick
Blue Diamond Realty LLC
List Price
$169,000
Sold Price
$155,000
Premium/Discount to List
-$14,000
-8.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.02%

Purchase Details

Closed on
May 18, 2011
Sold by
Safai Fereydoon and Safai Mahnaz
Bought by
Newberry Danny and Newberry Christopher

Purchase Details

Closed on
Mar 23, 2005
Sold by
Marcus Murray
Bought by
Safai Fereydoon and Safai Mahnaz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,200
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 5, 2003
Sold by
Marcus Scott M
Bought by
Marcus Murray

Purchase Details

Closed on
Oct 26, 2000
Sold by
Marcus Barbara Leora
Bought by
Marcus Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,400
Interest Rate
7.41%

Purchase Details

Closed on
Mar 29, 1995
Sold by
Ortiz Eduardo C
Bought by
Ortiz Eduardo C and Ortiz Lucila

Purchase Details

Closed on
Oct 21, 1994
Sold by
Ortiz Eduardo C and Ortiz Lucila
Bought by
Ortiz Eduardo C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,536
Interest Rate
8.7%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 12, 1994
Sold by
Hud
Bought by
Ortiz Eduardo C and Enciso Agustin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,536
Interest Rate
8.7%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 18, 1994
Sold by
Fleet Mtg Corp
Bought by
Hud

Purchase Details

Closed on
May 18, 1994
Sold by
Mulligan James P
Bought by
Fleet Mtg Corp
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
Zem Llc $188,000 Noble Title
Amitin Daniel $155,000 Nevada Title Las Vegas
Newberry Danny $122,000 Lawyers Title Of Nevada Hen
Safai Fereydoon $409,000 Equity Title Of Nevada
Marcus Murray $24,500 --
Marcus Scott -- Old Republic Title Company
Marcus Murray $233,000 Old Republic Title Company
Ortiz Eduardo C -- --
Ortiz Eduardo C -- --
Ortiz Eduardo C -- Land Title
Ortiz Eduardo C -- Land Title
Hud -- First American Title Company
Fleet Mtg Corp $149,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zem Llc $195,000
Closed Zem Llc $112,800
Previous Owner Safai Fereydoon $100,000
Previous Owner Safai Fereydoon $327,200
Previous Owner Marcus Scott $186,400
Previous Owner Ortiz Eduardo C $167,536
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2014 02/18/14 Sold $188,000 -16.4% $48 / Sq Ft
01/19/2014 01/19/14 Pending -- -- --
11/15/2013 11/15/13 For Sale $225,000 +45.2% $58 / Sq Ft
06/08/2012 06/08/12 Sold $155,000 -8.3% $40 / Sq Ft
05/09/2012 05/09/12 Pending -- -- --
01/31/2012 01/31/12 For Sale $169,000 -- $43 / 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 $2,759 $117,041 $54,950 $62,091
2024 $2,555 $117,041 $54,950 $62,091
2023 $2,555 $106,008 $47,600 $58,408
2022 $2,366 $98,030 $42,000 $56,030
2021 $2,191 $86,724 $32,900 $53,824
2020 $2,031 $85,137 $30,800 $54,337
2019 $1,904 $83,921 $29,400 $54,521
2018 $1,817 $79,802 $26,600 $53,202
2017 $2,361 $72,030 $18,375 $53,655
2016 $1,701 $63,888 $15,400 $48,488
2015 $1,697 $59,849 $14,000 $45,849
2014 $1,644 $49,910 $11,200 $38,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1400799

Las Vegas REALTORS®

APN: 138-23-711-020