NOT LISTED FOR SALE

Estimated Value: $5,985,000 - $8,716,000

8 Beds
13 Baths
19,000 Sq Ft
$408/Sq Ft Est. Value

Last Sold August 01, 2016

Last sale price $3,375,000 $178 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $47,794/month

122 Days on Market

Highlights

  • Guest House
  • Indoor Spa
  • Custom Home
  • Indoor Pool
  • RV Gated
  • Gated Community

About This Home

As of August 2016

Old world opulence in this estate sitting on over an acre in Tournament Hills. A few highlights are an elevator, 2 pools (indoor and outdoor), 2 steam rooms, two dry saunas, private gated entrance (with guard station) to your motor court, detached 2 suite guest house, detached 4 car garage with storeroom and two carport/detailing stations, rooftop sundeck and more! Home is on a double lot.

Last Agent to Sell the Property

Tom Love

The Tom Love Group LLC License #B.0000514 Listed on: 03/01/2016

Last Buyer's Agent

Coke Sarma

The Tom Love Group LLC License #BS.0009517

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,062

Year Built

  • Built in 1999

Lot Details

  • 1.17 Acre Lot
  • North Facing Home
  • Wrought Iron Fence
  • Property is Fully Fenced
  • Block Wall Fence
  • Drip System Landscaping
  • Front Yard Sprinklers
  • Private Yard
  • Back Yard
  • Property is in good condition

HOA Fees

Parking

  • 4 Car Detached Garage
  • 3 Attached Carport Spaces
  • Parking Storage or Cabinetry
  • Workshop in Garage
  • Circular Driveway
  • Guest Parking
  • RV Gated

Property Views

  • Golf Course
  • City
  • Mountain

Home Design

  • Custom Home
  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 19,000 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Central Vacuum
  • Gas Fireplace
  • Double Pane Windows
  • Awning
  • Window Treatments
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Indoor Spa
  • Security System Owned

Kitchen

  • Built-In Electric Oven
  • Gas Range
  • Warming Drawer
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom

Laundry

  • Laundry on main level
  • Gas Dryer Hookup

Pool

  • Indoor Pool
  • Infinity Pool
  • Pool and Spa

Outdoor Features

  • Balcony
  • Courtyard
  • Covered patio or porch
  • Outdoor Water Feature
  • Built-In Barbecue

Schools

  • Lummis William* Elementary School
  • Becker Middle School
  • Palo Verde High School

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Underground Utilities
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Energy-Efficient Windows
  • Guest House

Community Details

Overview

  • Association fees include management, ground maintenance, reserve fund, security
  • Level Property Mgmt Association, Phone Number (702) 433-0149
  • Tournament Hills Unit 2 Amd Subdivision, Custom Est Floorplan
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Tennis Courts
  • Community Playground

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,062

Year Built

Built in 1999

Lot Details

0

HOA Fees

$1,054 per month

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.17
  • Ownership: Single Family Residential
  • Subdivision Name: TOURNAMENT HILLS - UNIT 2 AMD
  • Directions: From Summerlin Pkwy, North on Rampart, West on Tournament Hills to gate, Left on Trophy Hills, Left on Palm Greens to property on the Right.
  • Architectural Style: Three Story, Custom
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Efficiency: Windows
  • Property Attached Yn: No
  • Building Stories: 3
  • Year Built Details: RESALE
  • Year Built: 1999
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • Association Fee 3 Frequency: Monthly
  • Special Features: None
  • Stories: 3
  • Year Built: 1999

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Indoor Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Electric Oven, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Tankless Water Heater, Water Heater, Warming Drawer
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 7
  • Possible Bedrooms: 13
  • Total Bedrooms: 8
  • Fireplace Features: Family Room, Gas, Living Room, Primary Bedroom
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Carpet, Marble
  • Interior Amenities: Bedroom on Main Level, Window Treatments, Central Vacuum, Elevator
  • Living Area: 19000.0
  • Window Features: Double Pane Windows, Window Treatments

Exterior Features

  • Fencing: Block, Full, RV Gate, Wrought Iron
  • Lot Features: 1 to 5 Acres, Back Yard, Drip Irrigation/Bubblers, Sprinklers In Front, Landscaped, Rocks
  • Pool Features: Indoor, Negative Edge, Pool/Spa Combo
  • Pool Private: Yes
  • View: City, Golf Course, Mountain(s)
  • View: Yes
  • Disclosures: Covenants/Restrictions Disclosure
  • Construction Type: Frame, Stucco
  • Direction Faces: North
  • Exterior Features: Built-in Barbecue, Balcony, Barbecue, Circular Driveway, Courtyard, Exterior Steps, Patio, Private Yard, Awning(s), Sprinkler/Irrigation, Water Feature
  • Other Structures: Guest House
  • Patio And Porch Features: Balcony, Covered, Patio
  • Property Condition: Good Condition, Resale
  • Roof: Tile

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 3.0
  • Garage Spaces: 4.0
  • Parking Features: Attached Carport, Detached, Finished Garage, Garage, Private, Storage, Workshop in Garage, Guest

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Main Level, Upper Level
  • Security: Security System Owned
  • Cooling: Central Air, Electric, 2 Units
  • Cooling Y N: Yes
  • Heating: Central, Gas, Multiple Heating Units
  • 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, Playground, Guard, Security, Tennis Court(s)
  • Association Fee: 960.0
  • Association Fee Frequency: Monthly
  • Association Name: Level Property Mgmt
  • Phone: 702-433-0149
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly
  • HOA Fee 3: 94.0

Fee Information

  • Association Fee Includes: Association Management, Maintenance Grounds, Reserve Fund, Security

Schools

  • Elementary School: Lummis William*,Lummis William*
  • High School: Palo Verde
  • Middle Or Junior School: Becker

Lot Info

  • Current Use: Residential
  • Horse Amenities: None
  • Lot Size Sq Ft: 50965.0
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 43062.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2016
Closed on
Jul 29, 2016
Sold by
Streit Lending 1 Limited Partnership
Bought by
Palm Green Llc
Seller's Agent
Tom Love
The Tom Love Group LLC
Buyer's Agent
Coke Sarma
The Tom Love Group LLC
List Price
$3,999,999
Sold Price
$3,375,000
Premium/Discount to List
-$624,999
-15.62%
Total Days on Market
122
Current Estimated Value
$7,750,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,375,271
Avg. Annual Appreciation
9.86%
Original Mortgage
$1,687,500
Outstanding Balance
$1,338,362
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$6,411,909

Purchase Details

Closed on
Oct 4, 2010
Sold by
Central Bank & Trust Company
Bought by
Kaufman Michael and Abe Kaufman Personal Residence Trust

Purchase Details

Closed on
May 4, 2006
Sold by
Johnson Charles E
Bought by
Central Bank & Trust Co

Purchase Details

Closed on
Feb 23, 2000
Sold by
Itkin Henry S
Bought by
Johnson Charles E
Source: Public Records

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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
Palm Green Llc $3,375,000 Ort Co Of Nevada
Kaufman Michael $2,856,000 Nevada Title Company
Central Bank & Trust Co $6,500,000 Nevada Title Company
Johnson Charles E $650,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palm Green Llc $1,687,500
Previous Owner The Abe Kaufman Personal Residence Trust $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2016 08/01/16 Sold $3,375,000 -15.6% $178 / Sq Ft
07/02/2016 07/02/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $3,999,999 -- $211 / 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 $67,303 $2,019,014 $342,563 $1,676,451
2024 $63,634 $2,019,014 $342,563 $1,676,451
2023 $63,634 $1,941,029 $328,388 $1,612,641
2022 $59,243 $1,812,622 $299,250 $1,513,372
2021 $54,854 $1,673,216 $238,000 $1,435,216
2020 $51,549 $1,675,564 $253,750 $1,421,814
2019 $48,313 $1,615,895 $210,105 $1,405,790
2018 $46,100 $1,626,017 $266,000 $1,360,017
2017 $54,102 $1,649,719 $266,000 $1,383,719
2016 $43,122 $1,553,832 $199,500 $1,354,332
2015 $43,062 $1,536,631 $199,500 $1,337,131
2014 $41,726 $929,301 $199,500 $729,801
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1611957

Las Vegas REALTORS®

APN: 138-29-214-001