NOT LISTED FOR SALE

Las Vegas, NV 89108

Michael Way Neighborhood

Estimated Value: $529,246 - $924,000

8 Beds
8 Baths
3,892 Sq Ft
$191/Sq Ft Est. Value

Last Sold March 28, 2013

Last sale price $173,000 $44 Per Sq Ft

Est. 331% increase in value since last sale

Current estimated payment $4,256/month

110 Days on Market

Highlights

  • Balcony
  • Ceramic Tile Flooring
  • Property is in very good condition
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of March 2013

FULLY RENTED INVESTMENT PROPERTY! 4-2BEDROOM/2BATH UNITS, ALL UNITS RENTED FOR 550.00 PER MO.

Last Agent to Sell the Property

Todtrese Williams

Williams-Shelton & Associates License #B.0040084 Listed on: 11/07/2012

Last Buyer's Agent

David Hofer

Redfin License #S.0168642

Redfin

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,136

Year Built

  • Built in 1984

Lot Details

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

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Pitched Roof
  • Stucco

Interior Spaces

  • 3,892 Sq Ft Home
  • 2-Story Property
  • Blinds

Flooring

  • Carpet
  • Ceramic Tile

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Legal Lot and Block 13 / 1

Community Details

Overview

  • 6,241 Buildings
  • 2 Units
  • Sierra Oeste Subdivision

Building Details

  • Maintenance Expense $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,136

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • CapRate: 11.61
  • Subdivision Name: SIERRA OESTE
  • Directions: EAST ON LAKE MEAD FROM RAINBOW, SOUTH ON LIRIO TO BELLOTA, YOU HAVE ARRIVED!
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1984
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2
  • Year Built: 1984

Interior Features

  • Number Of Buildings: 6241
  • Appliances: Dryer, Washer
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 3892.0
  • Window Features: Blinds

Exterior Features

  • Disclosures: Principal is Real Estate Licensed
  • Construction Type: Stucco
  • Patio And Porch Features: Balcony
  • Property Condition: Resale, Very Good Condition
  • Roof: Pitched

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1600.0

Condo/Co-op/Association

  • Amenities: None

Lot Info

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

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 25080.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 1.0
  • Annual Operating Expense: 4536.0

Tax Info

  • Tax Annual Amount: 2136.0
  • Tax Block: 1
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2012
Closed on
Mar 25, 2013
Sold by
Durante Kirk and Durante Phyllis
Bought by
Bao Derek and Shinavar Nicole
Seller's Agent
Todtrese Williams
Williams-Shelton & Associates
Buyer's Agent
David Hofer
Redfin
List Price
$177,000
Sold Price
$173,000
Premium/Discount to List
-$4,000
-2.26%
Current Estimated Value
$744,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$571,812
Avg. Annual Appreciation
11.62%

Purchase Details

Closed on
May 5, 2011
Sold by
Durante Kirk and Durante Phyllis
Bought by
Pentagon Trust

Purchase Details

Closed on
Dec 2, 2009
Sold by
Connaghan Inc
Bought by
Durante Kirk and Durante Phyllis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.01%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 3, 2008
Sold by
Bank Of New York
Bought by
Connaghan Inc

Purchase Details

Closed on
May 9, 2008
Sold by
Herrera Carlos A
Bought by
Bank Of New York and Certificate Holders Cwalt Inc Alternativ

Purchase Details

Closed on
Jun 16, 2005
Sold by
Alterman Glenn and Alterman Judith
Bought by
Herrera Carlos A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.56%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 24, 2004
Sold by
Mirafshar Kayvon
Bought by
Alterman Glenn and Alterman Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.48%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 16, 2004
Sold by
Skyview Properties
Bought by
Mirafshar Kayvon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 12, 2003
Sold by
Caliging Jeferson and Caliging Callie
Bought by
Skyview Properties Llc

Purchase Details

Closed on
Sep 6, 2002
Sold by
Ko Robin Jay
Bought by
Caliging Jefferson and Caliging Callie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,753
Interest Rate
6.29%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 8, 2002
Sold by
Ko Romeo P and Ko Benita U
Bought by
Ko Robin Jay

Purchase Details

Closed on
Sep 15, 1999
Sold by
Pearson John A and Pearson Claudia S
Bought by
Ko Romeo P and Ko Benita U
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
Bao Derek $173,000 Ticor Title Las Vegas
Pentagon Trust -- None Available
Durante Kirk $220,000 First American Title Paseo
Connaghan Inc $165,000 First American Title Co Of N
Bank Of New York $356,375 Fidelity National
Herrera Carlos A $520,000 Ticor Title Of Nevada Inc
Alterman Glenn $400,000 Equity Title Of Nevada
Mirafshar Kayvon $295,000 Fidelity National Title
Skyview Properties Llc -- --
Caliging Jefferson $242,500 Lawyers Title
Ko Robin Jay -- --
Ko Romeo P $27,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Durante Kirk $165,000
Previous Owner Herrera Carlos A $125,000
Previous Owner Herrera Carlos A $335,600
Previous Owner Alterman Glenn $320,000
Previous Owner Mirafshar Kayvon $236,000
Previous Owner Caliging Jefferson $238,753
Closed Mirafshar Kayvon $29,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2013 03/28/13 Sold $173,000 -2.3% $44 / Sq Ft
02/26/2013 02/26/13 Pending -- -- --
11/07/2012 11/07/12 For Sale $177,000 -- $45 / 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 $2,750 $114,289 $54,950 $59,339
2024 $2,547 $114,289 $54,950 $59,339
2023 $2,547 $103,548 $47,600 $55,948
2022 $2,358 $95,784 $42,000 $53,784
2021 $2,184 $84,611 $32,900 $51,711
2020 $2,025 $83,125 $30,800 $52,325
2019 $1,898 $81,904 $29,400 $52,504
2018 $1,811 $77,878 $26,600 $51,278
2017 $2,300 $70,160 $18,375 $51,785
2016 $1,696 $62,220 $15,400 $46,820
2015 $1,695 $58,304 $14,000 $44,304
2014 $1,642 $48,605 $11,200 $37,405
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2013

    Todtrese Williams

    Williams-Shelton & Associates

    (702) 239-1696

    21 Total Sales

    Todtrese Williams
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Source: Las Vegas REALTORS®

MLS Number: 1299040

Las Vegas REALTORS®

APN: 138-23-710-013

Nevada Clark County Las Vegas 89108

Michael Way

This home since 07 November 2012 and is currently estimated at $744,812, approximately $191 per square foot. This property was built in 1984. This home is a home located in Clark County with nearby schools including Paul E. Culley Elementary School, J. Harold Brinley Middle School, and Western 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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