NOT LISTED FOR SALE

7431 Cedar Rae Ave Las Vegas, NV 89131

Elkhorn Ranch Neighborhood

Estimated Value: $732,053 - $845,000

5 Beds
3 Baths
3,676 Sq Ft
$217/Sq Ft Est. Value

Last Sold October 04, 2016

Last sale price $400,000 $109 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $4,706/month

54 Days on Market

Highlights

  • RV Hookup
  • 0.26 Acre Lot
  • Covered Patio or Porch
  • Gated Community
  • Private Yard
  • Double Oven

About This Home

As of October 2016

REDUCED FOR QUICK SALE, INCREDIBLE VALUE AT ONLY $112/SF. SPACIOUS, SINGLE STORY, HIGHLY DESIRABLE 5 Bed, 3,600+ SF Home on 11,000+ SF LOT. Contemporary floor plan featuring vaulted ceilings, ceramic tile floors, a stunning kitchen & LARGE master suite with a separate study. Conveniently located near Freeway Access, Shopping, Dining & Entertainment. PRICED BELOW COMPS, SMART BUYERS DON'T PASS THIS UP!

Last Agent to Sell the Property

Donald Romero

Listing Haven License #B.0144521 Listed on: 07/11/2016

Last Buyer's Agent

Christine Wilson

D R Horton Inc License #BS.0000525

D R Horton Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,371

Year Built

  • Built in 2003

Lot Details

  • 0.26 Acre Lot
  • North Facing Home
  • Fenced Front Yard
  • Block Wall Fence
  • Desert Landscape
  • Private Yard
  • Property is in very good condition

Parking

  • 3 Car Attached Garage
  • Parking Storage or Cabinetry
  • Inside Entrance
  • RV Hookup

Home Design

  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,676 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Family Room with Fireplace

Kitchen

  • Double Oven
  • Built-In Gas Oven
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Gas Dryer Hookup

Outdoor Features

  • Covered Patio or Porch
  • Built-In Barbecue

Schools

  • Rhodes Betsy Elementary School
  • Cadwallader Ralph Middle School
  • Arbor View High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Underground Utilities
  • Cable TV Available

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include management, security
  • Preserves At Elkhorn Association, Phone Number (702) 795-3344
  • Preserve At Elkhorn Springs Un Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,371

Year Built

Built in 2003

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.26
  • Ownership: Single Family Residential
  • Subdivision Name: PRESERVE AT ELKHORN SPRINGS UN
  • Directions: From 95 & Durango North: North on Durango/East on Farm/South on Buffalo/Left on Hornblower/Right on Red Cinder/Right on Cedar Rae/House on Left
  • Architectural Style: One Story
  • Carport Y N: No
  • Garage Yn: Yes
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built Details: RESALE
  • Year Built: 2003
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 2003

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Built-In Gas Oven, Double Oven, Disposal
  • Full Bathrooms: 3
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), Primary Downstairs, Window Treatments
  • Living Area: 3676.0
  • Window Features: Blinds, Window Treatments

Exterior Features

  • Fencing: Block, Front Yard
  • Lot Features: 1/4 to 1 Acre Lot, Desert Landscaping, Landscaped, < 1/4 Acre
  • Pool Private: No
  • Disclosures: Covenants/Restrictions Disclosure
  • Construction Type: Frame, Stucco, Drywall
  • Direction Faces: North
  • Exterior Features: Built-in Barbecue, Barbecue, Patio, Private Yard, RV Hookup
  • Patio And Porch Features: Covered, Patio
  • Property Condition: Resale, Very Good Condition
  • Roof: Tile

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage, Inside Entrance, Private, Storage

Utilities

  • Laundry Features: Gas Dryer Hookup, Main Level, Laundry Room
  • Security: Gated Community
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Utilities: Cable Available, Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Gated
  • Association Fee: 38.0
  • Association Name: Preserves at Elkhorn
  • Phone: 702-795-3344
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Security

Schools

  • Elementary School: Rhodes Betsy,Rhodes Betsy
  • High School: Arbor View
  • Middle Or Junior School: Cadwallader Ralph

Lot Info

  • Current Use: Residential
  • Horse Amenities: None
  • Lot Size Sq Ft: 11326.0
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3371.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2022
Sold by
Salazar Scott P
Bought by
Salazar Family Revocable Living Trust
Current Estimated Value
$796,513

Purchase Details

Listed on
Jul 11, 2016
Closed on
Sep 28, 2016
Sold by
Modglin Bradley and Modglin Aime
Bought by
Salazar Scott P and Salazar Sharon F
Seller's Agent
Donald Romero
Listing Haven
Buyer's Agent
Christine Wilson
D R Horton Inc
List Price
$429,900
Sold Price
$400,000
Premium/Discount to List
-$29,900
-6.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.75%
Original Mortgage
$320,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2003
Sold by
Elkhorn Partners Lp
Bought by
Modglin Bradley and Modglin Amie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,797
Interest Rate
5.22%
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
Salazar Family Revocable Living Trust -- Cassady Law Offices
Salazar Scott P $400,000 Nevada Title Las Vegas
Modglin Bradley $314,308 Commerce Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Salazar Scott P $320,000
Previous Owner Modglin Bradley $247,757
Previous Owner Modglin Brad $150,000
Previous Owner Modglin Brad C $111,000
Previous Owner Modglin Bradley $311,797
Previous Owner Elkhorn Partners $1,123,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2016 10/04/16 Sold $400,000 -7.0% $109 / Sq Ft
09/04/2016 09/04/16 Pending -- -- --
07/11/2016 07/11/16 For Sale $429,900 -- $117 / 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 $4,388 $200,613 $56,350 $144,263
2024 $4,261 $200,613 $56,350 $144,263
2023 $3,378 $193,524 $57,050 $136,474
2022 $4,137 $172,645 $47,950 $124,695
2021 $4,016 $160,657 $42,000 $118,657
2020 $4,036 $157,009 $39,550 $117,459
2019 $3,783 $150,837 $35,700 $115,137
2018 $3,609 $142,249 $31,500 $110,749
2017 $4,584 $139,827 $27,650 $112,177
2016 $3,378 $126,733 $24,500 $102,233
2015 $3,372 $110,097 $20,650 $89,447
2014 $3,273 $96,884 $15,750 $81,134
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Donald Romero

    Listing Haven

    (702) 551-4573

    25 Total Sales

    Section Image

  • C

    Buyer's Agent in 2016

    Christine Wilson

    D R Horton Inc

    (702) 375-3010

    82 Total Sales

    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 1814911

Las Vegas REALTORS®

APN: 125-15-314-017

Nevada Clark County Las Vegas 89131 Elkhorn Ranch

7431 Cedar Rae Ave, Las Vegas, NV

This home is located at 7431 Cedar Rae Ave, Las Vegas, NV 89131 since 11 July 2016 and is currently estimated at $796,513, approximately $216 per square foot. This property was built in 2003. 7431 Cedar Rae Ave is a home located in Clark County with nearby schools including Betsey A Rhodes Elementary School, Ralph Cadwallader Middle School, and Arbor View 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.

Las Vegas REALTORS® The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2025 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.

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