NOT LISTED FOR SALE

Estimated Value: $454,298 - $788,000

8 Beds
4 Baths
3,400 Sq Ft
$181/Sq Ft Est. Value

Last Sold May 03, 2013

Last sale price $159,000 $47 Per Sq Ft

Est. 287% increase in value since last sale

Current estimated payment $3,538/month

21 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Central Heating and Cooling System
  • No HOA
  • Ceramic Tile Flooring
  • Property is in very good condition

About This Home

As of May 2013

GREAT INVESTMENT PROPERTY ON MAIN STREET JONES AND WASHINGTON EASY TO RENT DUE TO HEAVY TRAFFIC / NEAR SCHOOL AND SHOPPING / OWNER SPEND A LOT OF $$ REMODELING ALL UNITS / TILE NO CARPET / ALL A/C ARE SERVICED / LAUNDRY MACHINES ARE OWNED. SAFE RETURN.ONE OF YOUR LAST CHANCE TO OWN A FOURPLEX AT THAT PRICE, WON'T LAST.

Last Agent to Sell the Property

Eric Menguy

Realty ONE Group, Inc License #S.0073884 Listed on: 03/12/2013

Realty ONE Group, Inc

Last Buyer's Agent

Isabel Hutchings

BHHS Nevada Properties License #S.0167436

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,590

Year Built

  • Built in 1963

Lot Details

  • 7,841 Sq Ft Lot
  • Private Yard
  • Property is in very good condition

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Flat Roof Shape

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Ceramic Tile Flooring
  • Laundry Room

Kitchen

  • Oven
  • Range

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 5 / 1

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Charleston Hgts Unit #39A Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Maintenance Expense $1
  • Professional Management Expense $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,590

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • CapRate: 12.01
  • Professional Management Expense: 1.0
  • Subdivision Name: CHARLESTON HGTS UNIT #39A
  • Directions: 916 NORTH JONES AND WASHINGTON , NEXT TO BUS STOP.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1963
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2
  • Year Built: 1963

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator
  • Flooring: Ceramic Tile
  • Living Area: 3400.0
  • Window Features: Blinds

Exterior Features

  • Construction Type: Block
  • Exterior Features: Private Yard
  • Property Condition: Resale, Very Good Condition
  • Roof: Flat

Garage/Parking

  • Total Parking Spaces: 6.0

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

  • Amenities: Laundry
  • Association: No

Lot Info

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

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 3480.0
  • Insurance Expense: 985.0
  • Maintenance Expense: 1.0
  • Annual Operating Expense: 4536.0

Tax Info

  • Tax Annual Amount: 1590.0
  • Tax Block: 1
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2013
Closed on
May 1, 2013
Sold by
Abesha Llc
Bought by
Caiafa Douglas and Caiafa Mona
Seller's Agent
Eric Menguy
Realty ONE Group, Inc
Buyer's Agent
Isabel Hutchings
BHHS Nevada Properties
List Price
$225,000
Sold Price
$159,000
Premium/Discount to List
-$66,000
-29.33%
Current Estimated Value
$615,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$456,575
Avg. Annual Appreciation
11.50%

Purchase Details

Closed on
Aug 24, 2012
Sold by
Woldetnsae Neghisty Belay
Bought by
Abesha Llc

Purchase Details

Closed on
Jul 28, 2011
Sold by
Woldetnsae Hermon B
Bought by
Woldetnsae Neghisty Belay

Purchase Details

Closed on
Apr 27, 2011
Sold by
Fannie Mae
Bought by
Woldetnsae Hermon

Purchase Details

Closed on
Jul 27, 2010
Sold by
Safai Fereydoon and Safai Mahnaz
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 28, 2005
Sold by
Aztec Realty Co
Bought by
Safai Fereydoon and Safai Mahnaz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,600
Interest Rate
5.7%
Mortgage Type
Fannie Mae Freddie Mac
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
Caiafa Douglas $158,888 Chicago Title Las Vegas
Abesha Llc -- None Available
Woldetnsae Neghisty Belay $91,149 None Available
Woldetnsae Hermon $106,000 Old Republic Title Company
Federal National Mortgage Association $396,267 None Available
Safai Fereydoon $479,900 Land Title Of Nevada
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Safai Fereydoon $377,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2013 05/03/13 Sold $159,000 -29.3% $47 / Sq Ft
04/03/2013 04/03/13 Pending -- -- --
03/12/2013 03/12/13 For Sale $225,000 -- $66 / 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 $3,139 $88,019 $55,300 $32,719
2024 $1,647 $88,019 $55,300 $32,719
2023 $1,647 $73,443 $44,800 $28,643
2022 $1,525 $64,429 $37,800 $26,629
2021 $1,412 $49,597 $24,850 $24,747
2020 $1,309 $49,142 $24,850 $24,292
2019 $1,226 $46,686 $23,100 $23,586
2018 $1,170 $45,396 $23,100 $22,296
2017 $1,308 $39,911 $18,025 $21,886
2016 $1,096 $36,875 $15,400 $21,475
2015 $1,093 $34,716 $14,000 $20,716
2014 $1,059 $31,350 $11,200 $20,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 1328378

Las Vegas REALTORS®

APN: 138-25-212-016