NOT LISTED FOR SALE

701 W Adams Ave Las Vegas, NV 89106

West Las Vegas Neighborhood

Estimated Value: $564,069 - $637,000

4 Beds
4 Baths
2,160 Sq Ft
$279/Sq Ft Est. Value

Last Sold July 25, 2022

Last sale price $537,000 $249 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,340/month

71 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Laundry Facilities
  • ENERGY STAR Qualified Air Conditioning
  • High Efficiency Heating System
  • 4-minute walk to Ethel Pearson Park

About This Home

As of July 2022

This immaculate fourplex was recently fully remodeled with new roof, flooring, cabinets and counters, fixtures, plumbing, electrical and mechanicals. All four units are identical. Excellent opportunity for an owner occupant or an investor. Location is convenient to downtown, LV Strip, dining, entertainment and more. Coin op laundry offers additional income. No HOA to cut into your income! Ample paved parking on property. 3 tenants stay and owner will vacate at closing, making room for an owner occupant or additional tenant. Each unit has its own efficient ductless mini split unit.

Last Agent to Sell the Property

Joel Lifschutz

Coldwell Banker Premier License #S.0172621 Listed on: 04/14/2022

Coldwell Banker Premier

Last Buyer's Agent

Johnny Cano

Realty Edge License #B.0017867

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $581

Year Built

  • Built in 1959

Lot Details

  • 6,970 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,160 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Parking

  • Paved Parking
  • Assigned Parking

Eco-Friendly Details

  • Energy-Efficient HVAC

Utilities

  • ENERGY STAR Qualified Air Conditioning
  • High Efficiency Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • H F M & M Add Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Maintenance Expense $4,000
  • Professional Management Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$581

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • CapRate: 5.75
  • Professional Management Expense: 1500.0
  • Subdivision Name: H F M & M Add
  • Directions: From I-15 exit D St and head North. Turn Left on Washington, Right on H St, Right on Adams. Building is on your Right
  • Architectural Style: Fourplex
  • Unit Levels: One
  • Efficiency: HVAC
  • Building Stories: 1
  • Year Built Details: RESALE
  • Year Built: 1959
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1959

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Appliances: Dishwasher, Disposal, Oven, Range, Refrigerator
  • Flooring: Carpet, Tile
  • Interior Amenities: None
  • Living Area: 2160.0

Exterior Features

  • Construction Type: Stucco
  • Property Condition: Resale, Very Good Condition
  • Roof: Composition, Flat, Shingle

Garage/Parking

  • Parking Features: Assigned, Paved

Utilities

  • Laundry Features: Common Area
  • Cooling: ENERGY STAR Qualified Equipment, Other
  • Cooling Y N: Yes
  • Heating: Electric, High Efficiency
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1315.0

Condo/Co-op/Association

  • Amenities: Cable TV
  • Association: No

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 6970.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 30840.0
  • Insurance Expense: 780.0
  • Maintenance Expense: 4000.0
  • Annual Operating Expense: 3550.0

Tax Info

  • Tax Annual Amount: 581.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2022
Closed on
Jul 21, 2022
Sold by
Jason Pezant
Bought by
Arreola Franoisco Javier
Seller's Agent
Joel Lifschutz
Coldwell Banker Premier
Buyer's Agent
Johnny Cano
Realty Edge
List Price
$600,000
Sold Price
$537,000
Premium/Discount to List
-$63,000
-10.5%
Current Estimated Value
$601,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,767
Avg. Annual Appreciation
2.05%
Original Mortgage
$522,364
Outstanding Balance
$498,977
Interest Rate
5.23%
Mortgage Type
FHA
Estimated Equity
$72,719

Purchase Details

Listed on
Mar 23, 2020
Closed on
Apr 20, 2020
Sold by
Perkins Jarral D
Bought by
Pezant Jason
Seller's Agent
Chrisada Suwannetr
Orange Realty Group LLC
Buyer's Agent
Matt Farnham
eXp Realty
List Price
$319,000
Sold Price
$319,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.05%
Original Mortgage
$308,353
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 27, 2019
Sold by
Perkins Jarral D
Bought by
Perkins Jarral D

Purchase Details

Closed on
Apr 5, 2017
Sold by
Foger Charles
Bought by
Summit Holding Group Limited Liability C

Purchase Details

Closed on
Nov 27, 2007
Sold by
Whitley Lewis and Foger Akison Stella
Bought by
Foger Charles
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
Arreola Franoisco Javier $537,000 Ticor Title
Pezant Jason $319,000 Chicago Title Las Vegas
Perkins Jarral D -- None Available
Perkins Jarral D -- None Available
Summit Holding Group Limited Liability C $60,000 Ticor Title Las Vegas
Foger Charles $131,903 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arreola Franoisco Javier $522,364
Previous Owner Pezant Jason $308,353
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2022 07/25/22 Sold $537,000 -10.5% $249 / Sq Ft
06/25/2022 06/25/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $600,000 +88.1% $278 / Sq Ft
04/24/2020 04/24/20 Sold $319,000 0.0% $148 / Sq Ft
03/25/2020 03/25/20 Pending -- -- --
03/23/2020 03/23/20 For Sale $319,000 -- $148 / 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 $730 $60,002 $38,500 $21,502
2024 $677 $60,002 $38,500 $21,502
2023 $677 $53,850 $35,000 $18,850
2022 $627 $36,034 $18,550 $17,484
2021 $581 $33,938 $17,675 $16,263
2020 $537 $33,629 $17,675 $15,954
2019 $503 $30,877 $15,400 $15,477
2018 $480 $28,602 $14,000 $14,602
2017 $906 $27,636 $13,300 $14,336
2016 $451 $23,178 $9,100 $14,078
2015 $448 $20,591 $7,000 $13,591
2014 $434 $19,965 $7,000 $12,965
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Joel Lifschutz

    Coldwell Banker Premier

    (702) 601-1061

    1 in this area

    170 Total Sales

    Joel Lifschutz
    Section Image

  • J

    Buyer's Agent in 2022

    Johnny Cano

    Realty Edge

    (702) 592-6000

    1 in this area

    73 Total Sales

    Johnny Cano
    Section Image

  • C

    Seller's Agent in 2020

    Chrisada Suwannetr

    Orange Realty Group LLC

    (702) 415-4825

    20 Total Sales

    Chrisada Suwannetr
    Section Image
  • Matt Farnham

    Buyer's Agent in 2020

    Matt Farnham

    eXp Realty

    (702) 530-7289

    2 in this area

    370 Total Sales

    Matt Farnham
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 2387110

Las Vegas REALTORS®

APN: 139-27-210-118

Nevada Clark County Las Vegas 89106 West Las Vegas

701 W Adams Ave, Las Vegas, NV

This home is located at 701 W Adams Ave, Las Vegas, NV 89106 since 14 April 2022 and is currently estimated at $601,767, approximately $278 per square foot. This property was built in 1959. 701 W Adams Ave is a home located in Clark County with nearby schools including Wendell P. Williams Elementary School, West Prepatory Academy At Charlles I West Hall Sec, and Canyon Springs High School And The Leadership And.

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