NOT LISTED FOR SALE

717 Covington Ln Las Vegas, NV 89106

West Las Vegas Neighborhood

Estimated Value: $538,812 - $675,000

8 Beds
4 Baths
3,224 Sq Ft
$192/Sq Ft Est. Value

Last Sold December 03, 2020

Last sale price $350,000 $109 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $3,997/month

61 Days on Market

Highlights

  • Laundry Room
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Storage

About This Home

As of December 2020

Become a landlord now! All units are two bedrooms and one bath with washer and dryer hookup, easy freeway access and just minutes to downtown. Great investment opportunity! The $450 monthly HOA Fee includes water service, trash collection service and common area maintenance. Rents in the community are $750-850 per month.

Last Agent to Sell the Property

John Montes

Realty ONE Group, Inc License #S.0067506 Listed on: 09/02/2020

Realty ONE Group, Inc

Last Buyer's Agent

Carley Rae

Real Broker LLC License #S.0181447

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,454

Year Built

  • Built in 1984

Lot Details

  • 1,742 Sq Ft Lot
  • Property is in good condition

HOA Fees

  • $450 Monthly HOA Fees

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,224 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Storage
  • Laundry Room
  • Ceramic Tile Flooring

Kitchen

  • Oven
  • Range

Utilities

  • Central Heating and Cooling System
  • Water Heater

Community Details

  • Association fees include common areas, ground maintenance, taxes, trash, water
  • 4 Units
  • Sunshine Village Subdivision

Listing and Financial Details

  • Tenant pays for electricity

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,454

Year Built

Built in 1984

Lot Details

0

HOA Fees

$450 per month

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.04
  • CapRate: 4.7
  • Subdivision Name: Sunshine Village
  • Directions: From US 95 exit on Rancho North. Go east on Bonanza, North on Dike, and East on Covington LN.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1984
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1984

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator, Water Heater
  • Flooring: Ceramic Tile, Other
  • Interior Amenities: Storage
  • Living Area: 3224.0
  • Window Features: Blinds

Exterior Features

  • Disclosures: Familial Relation
  • Construction Type: Stucco
  • Property Condition: Good Condition, Resale
  • Roof: Composition, Shingle

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 840.0

Condo/Co-op/Association

  • Association Fee: 450.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds, Taxes, Trash, Water

Schools

Lot Info

  • Lot Size Sq Ft: 1742.0
  • Additional Parcels Description: ---
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Insurance Expense: 1800.0
  • Annual Operating Expense: 10128.0

Tax Info

  • Tax Annual Amount: 1454.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2020
Closed on
Nov 25, 2020
Sold by
Montes John M
Bought by
Nunez Antonio William
Seller's Agent
John Montes
Realty ONE Group, Inc
Buyer's Agent
Carley Rae
Real Broker LLC
List Price
$425,000
Sold Price
$350,000
Premium/Discount to List
-$75,000
-17.65%
Current Estimated Value
$618,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,203
Avg. Annual Appreciation
12.39%
Original Mortgage
$343,660
Outstanding Balance
$306,505
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$311,698

Purchase Details

Listed on
Sep 2, 2020
Closed on
Nov 24, 2020
Sold by
Nunez Antonio William
Bought by
Mcbride James
Seller's Agent
John Montes
Realty ONE Group, Inc
Buyer's Agent
Carley Rae
Real Broker LLC
List Price
$425,000
Sold Price
$350,000
Premium/Discount to List
-$75,000
-17.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Outstanding Balance
$306,505
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$311,698

Purchase Details

Listed on
Oct 26, 2013
Closed on
Nov 14, 2013
Sold by
Fannie Mae
Bought by
Nunez Antonio William
Seller's Agent
Irena Damianova
Alajajian Properties
Buyer's Agent
John Montes
Realty ONE Group, Inc
List Price
$179,000
Sold Price
$165,000
Premium/Discount to List
-$14,000
-7.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.38%
Original Mortgage
$162,011
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 19, 2013
Sold by
Lorenzo Daniel M and Lorenzo Grace A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 30, 2011
Sold by
Dml Trust
Bought by
Lorenzo Grace

Purchase Details

Closed on
May 4, 2010
Sold by
Longo Investments I Llc
Bought by
Longo Investments Ii Llc

Purchase Details

Closed on
Aug 7, 2007
Sold by
Lorenzo Daniel M and Lorenzo Grace A
Bought by
Longo Investments I Llc

Purchase Details

Closed on
May 11, 2007
Sold by
Lorenzo Daniel M and Lorenzo Grace A
Bought by
Lorenzo Daniel M and Lorenzo Grace A

Purchase Details

Closed on
Mar 19, 2007
Sold by
Lorenzo Daniel M and Lorenzo Grace A
Bought by
Longo Investments I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2007
Sold by
Lorenzo Daniel M and Lorenzo Grace A
Bought by
Lorenzo Daniel M and Lorenzo Grace A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2005
Sold by
Lorenzo Daniel M and Lorenzo Grace Ann
Bought by
Lorenzo Daniel M and Lorenzo Grace A

Purchase Details

Closed on
May 25, 2000
Sold by
Lorenzo Daniel M and Lorenzo Grace A
Bought by
Lorenzo Daniel M and Lorenzo Grace Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,200
Interest Rate
8.37%
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
Nunez Antonio William -- Fidelity National Title
Mcbride James $350,000 Fidelity National Title
Nunez Antonio William $180,000 Lawyers Title Of Nevada Hen
Federal National Mortgage Association $234,652 None Available
Lorenzo Grace -- None Available
Dml Trust -- None Available
Longo Investments Ii Llc -- None Available
Longo Investments I Llc -- None Available
Lorenzo Daniel M -- None Available
Longo Investments I Llc -- None Available
Lorenzo Daniel M -- Commonwealth Title
Lorenzo Daniel M -- --
Lorenzo Daniel M -- Nevada Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcbride James $343,660
Previous Owner Nunez Antonio William $162,011
Previous Owner Lorenzo Daniel M $270,000
Previous Owner Lorenzo Daniel M $119,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/03/2020 12/03/20 Sold $350,000 -17.6% $109 / Sq Ft
11/03/2020 11/03/20 Pending -- -- --
09/02/2020 09/02/20 For Sale $425,000 +157.6% $132 / Sq Ft
12/11/2013 12/11/13 Sold $165,000 -7.8% $51 / Sq Ft View Prior Sale
11/11/2013 11/11/13 Pending -- -- --
10/26/2013 10/26/13 For Sale $179,000 -- $56 / 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 $3,235 $83,526 $35,000 $48,526
2024 $2,228 $83,526 $35,000 $48,526
2023 $1,570 $80,885 $35,000 $45,885
2022 $1,807 $75,639 $31,500 $44,139
2021 $1,674 $70,442 $28,000 $42,442
2020 $1,551 $71,092 $28,000 $43,092
2019 $1,454 $59,279 $16,100 $43,179
2018 $1,387 $56,100 $14,000 $42,100
2017 $1,809 $55,181 $12,600 $42,581
2016 $1,570 $49,413 $9,100 $40,313
2015 $1,296 $38,276 $8,400 $29,876
2014 $1,255 $47,586 $4,200 $43,386
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    John Montes

    Realty ONE Group, Inc

    (818) 360-6770

    1 in this area

    6 Total Sales

    John Montes
    Section Image

  • C

    Buyer's Agent in 2020

    Carley Rae

    Real Broker LLC

    (702) 460-3063

    1 in this area

    236 Total Sales

    Carley Rae
    Section Image

  • I

    Seller's Agent in 2013

    Irena Damianova

    Alajajian Properties

    (702) 376-1446

    18 Total Sales

    Irena Damianova
    Section Image
See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 2227284

Las Vegas REALTORS®

APN: 139-29-712-016

Nevada Clark County Las Vegas 89106 West Las Vegas

717 Covington Ln, Las Vegas, NV

This home is located at 717 Covington Ln, Las Vegas, NV 89106 since 02 September 2020 and is currently estimated at $618,203, approximately $191 per square foot. This property was built in 1984. 717 Covington Ln 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 Western High School.

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