NOT LISTED FOR SALE

6245 Yerba Ln Las Vegas, NV 89108

Michael Way Neighborhood

Estimated Value: $480,138 - $772,000

8 Beds
8 Baths
3,892 Sq Ft
$171/Sq Ft Est. Value

Last Sold December 13, 2013

Last sale price $193,000 $50 Per Sq Ft

Est. 245% increase in value since last sale

Current estimated payment $3,862/month

63 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • Carpet
  • Central Heating and Cooling System

About This Home

As of December 2013

Ideal Corner 4PLEX. 2BR/2ba Units. Kitchens Upgraded. Newer Appliances All bathrooms & fixtures recently upgraded. Each Unit has a Laundry room and fireplace.

Last Agent to Sell the Property

John Knowlton

West Capital Real Estate & Inv License #B.0041229 Listed on: 09/10/2013

Last Buyer's Agent

Roshi Mahban

Paragon Premier Properties License #S.0034560

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,161

Year Built

  • Built in 1984

Lot Details

  • 7,841 Sq Ft Lot
  • Property is in average condition

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 3,892 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Washer and Dryer Hookup

Accessible Home Design

  • Grab Bars

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 1 / 3

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Sierra Oeste Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Maintenance Expense $1,200
  • Professional Management Expense $700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,161

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • CapRate: 10.18
  • Professional Management Expense: 700.0
  • Subdivision Name: SIERRA OESTE
  • Directions: N on US-95; Exit & R on Jones past Vegas Dr; L on Lake Mead; L on Arpa; R on Yerba Ln.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1984
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2
  • Year Built: 1984

Interior Features

  • Number Of Buildings: 1
  • Accessibility Features: Grab Bars
  • Flooring: Carpet
  • Interior Amenities: None
  • Living Area: 3892.0

Exterior Features

  • Construction Type: Stucco
  • Property Condition: Average Condition, Resale
  • Roof: Flat

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area, Washer Hookup, Dryer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 240.0

Condo/Co-op/Association

  • Amenities: Cable TV
  • Association: No

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 7841.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 23400.0
  • Insurance Expense: 1100.0
  • Maintenance Expense: 1200.0
  • Annual Operating Expense: 3150.0

Tax Info

  • Tax Annual Amount: 2161.0
  • Tax Block: 3
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2013
Closed on
Dec 7, 2013
Sold by
Yacoube Jennifer Lynn
Bought by
Yacoube Bassem Georgi
Seller's Agent
John Knowlton
West Capital Real Estate & Inv
Buyer's Agent
Roshi Mahban
Paragon Premier Properties
List Price
$199,000
Sold Price
$193,000
Premium/Discount to List
-$6,000
-3.02%
Current Estimated Value
$666,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,379
Avg. Annual Appreciation
10.91%
Original Mortgage
$135,100
Interest Rate
4.04%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 6, 2012
Sold by
Yacoube Bassem
Bought by
Yerba Holding Llc

Purchase Details

Closed on
Jun 20, 2011
Sold by
Gurpreet Singh Walia Llc
Bought by
Yacoube Bassem Georgi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
4.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Gurpreet Singh Walia Llc

Purchase Details

Closed on
Apr 9, 2009
Sold by
Varela Rene
Bought by
Indymac Federal Bank Fsb

Purchase Details

Closed on
Aug 6, 2001
Sold by
Bugg D L
Bought by
Varela Rene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,837
Interest Rate
7.05%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 25, 2000
Sold by
Opfer Leroy F
Bought by
Bugg D L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
8.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 1997
Sold by
Laffoon Wayne A and Laffoon Beatrice L
Bought by
Bugg D L

Purchase Details

Closed on
Aug 27, 1997
Sold by
Unlimited Holdings Inc
Bought by
Opfer 1990 Trust

Purchase Details

Closed on
Aug 15, 1997
Sold by
Tolosa Rosa P
Bought by
Unlimited Holdings Inc
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
Yacoube Bassem Georgi -- Noble Title
Gert Llc $193,000 Noble Title
Yerba Holding Llc $165,000 None Available
Yacoube Bassem Georgi $165,000 Fidelity National Title Las
Gurpreet Singh Walia Llc $90,000 Noble Title
Deutsche Bank National Trust Company $90,000 Noble Title
Indymac Federal Bank Fsb $180,000 Fidelity National Default So
Indymac Federal Bank Fsb $180,000 Fidelity National Default So
Varela Rene $235,000 Old Republic Title Company
Bugg D L $205,000 Old Republic Title Company
Bugg D L -- Fidelity National Title
Opfer 1990 Trust $36,500 Lawyers Title
Unlimited Holdings Inc $17,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gert Llc $195,000
Closed Gert Llc $135,100
Previous Owner Yacoube Bassem Georgi $123,750
Previous Owner Varela Rene $420,000
Previous Owner Varela Rene $52,500
Previous Owner Varela Rene $389,000
Previous Owner Varela Rene $224,675
Previous Owner Varela Rene $225,837
Previous Owner Bugg D L $164,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2013 12/13/13 Sold $193,000 -3.0% $50 / Sq Ft
11/13/2013 11/13/13 Pending -- -- --
09/10/2013 09/10/13 For Sale $199,000 -- $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 $2,777 $114,856 $54,950 $59,906
2024 $2,572 $114,856 $54,950 $59,906
2023 $2,572 $104,106 $47,600 $56,506
2022 $2,382 $96,270 $42,000 $54,270
2021 $2,206 $85,092 $32,900 $52,192
2020 $2,045 $83,545 $30,800 $52,745
2019 $1,917 $82,376 $29,400 $52,976
2018 $1,829 $78,343 $26,600 $51,743
2017 $2,315 $70,608 $18,375 $52,233
2016 $1,712 $62,671 $15,400 $47,271
2015 $1,708 $58,733 $14,000 $44,733
2014 $1,655 $48,995 $11,200 $37,795
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    John Knowlton

    West Capital Real Estate & Inv

    (702) 338-3307

    45 Total Sales

    John Knowlton
    Section Image
  • Roshi Mahban

    Buyer's Agent in 2013

    Roshi Mahban

    Paragon Premier Properties

    (702) 400-4694

    1 in this area

    43 Total Sales

    Roshi Mahban
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 1381485

Las Vegas REALTORS®

APN: 138-23-710-036

Nevada Clark County Las Vegas 89108 Michael Way

6245 Yerba Ln, Las Vegas, NV

This home is located at 6245 Yerba Ln, Las Vegas, NV 89108 since 10 September 2013 and is currently estimated at $666,379, approximately $171 per square foot. This property was built in 1984. 6245 Yerba Ln is a home located in Clark County with nearby schools including Paul E. Culley Elementary School, J. Harold Brinley Middle School, and Western 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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