NOT LISTED FOR SALE

Las Vegas, NV 89119

University District Neighborhood

Estimated Value: $589,000 - $942,000

8 Beds
8 Baths
3,741 Sq Ft
$194/Sq Ft Est. Value

Last Sold November 14, 2016

Last sale price $224,000 $60 Per Sq Ft

Est. 224% increase in value since last sale

Current estimated payment $4,080/month

23 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • 1-Story Property
  • Refrigerated Cooling System
  • Heating Available

About This Home

As of November 2016

Rare single story two bedroom two baths fourplex close to UNLV. listed below recent appraisal as needs TLC. financials are 2015 actuals.At time of listing 2 units on 6 months lease, 2 units M/M. Please do not disturb tenants.

Last Agent to Sell the Property

Patrick Leibovici

BHHS Nevada Properties License #BS.0005069 Listed on: 10/21/2016

Last Buyer's Agent

Melissa Collins

THE Brokerage A RE Firm License #S.0177796

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,867

Year Built

  • Built in 1982

Lot Details

  • 9,148 Sq Ft Lot
  • Property is in below average condition

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Pitched Roof
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,741 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • Paved Parking

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 1 / 3

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Longacres Park Tract #1 Subdivision

Building Details

  • Maintenance Expense $5,187
  • Professional Management Expense $1,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,867

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.21
  • CapRate: 9.0
  • Professional Management Expense: 1440.0
  • Subdivision Name: LONGACRES PARK TRACT #1
  • Directions: from Maryland Parkway, east on Harmon to 1623 on south side
  • Architectural Style: Fourplex
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: RESALE
  • Year Built: 1982
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1
  • Year Built: 1982

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Refrigerator, Water Heater, Washer
  • Flooring: Carpet, Ceramic Tile, Other
  • Window Features: Blinds

Exterior Features

  • Disclosures: Familial Relation
  • Construction Type: Stucco, Wood Frame
  • Property Condition: Poor Condition, Resale
  • Roof: Pitched, Tile

Garage/Parking

  • Parking Features: Paved
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Refrigerated
  • Cooling Y N: Yes
  • Heating: Electric, Other
  • Heating Yn: Yes
  • Water Source: Public
  • Annual Utilities Expense: 2343.0

Condo/Co-op/Association

  • Association: No

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 9148.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 33362.0
  • Insurance Expense: 3491.0
  • Maintenance Expense: 5187.0
  • Annual Operating Expense: 11978.0

Tax Info

  • Tax Annual Amount: 1867.0
  • Tax Block: 3
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2021
Sold by
Chu Brian Shao
Bought by
Chu Brian Shao and Chu Cynthia Lynn
Current Estimated Value
$726,789

Purchase Details

Closed on
Sep 13, 2018
Sold by
Chu Brian Shao and Chu Brian
Bought by
Chu Brian Chao

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 21, 2016
Closed on
Nov 14, 2016
Sold by
Chu Cynthia
Bought by
Chu Brian
Seller's Agent
Patrick Leibovici
BHHS Nevada Properties
Buyer's Agent
Melissa Collins
THE Brokerage A RE Firm
List Price
$210,000
Sold Price
$224,000
Premium/Discount to List
$14,000
6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.31%

Purchase Details

Listed on
Oct 21, 2016
Closed on
Nov 10, 2016
Sold by
1623 Fourplex Llc
Bought by
Chu Brian
Seller's Agent
Patrick Leibovici
BHHS Nevada Properties
Buyer's Agent
Melissa Collins
THE Brokerage A RE Firm
List Price
$210,000
Sold Price
$224,000
Premium/Discount to List
$14,000
6.67%

Purchase Details

Closed on
Jan 30, 2002
Sold by
Shapiro Melvin
Bought by
1623 Fourplex Llc
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
Chu Brian Shao -- None Available
Chu Brian Chao -- Noble Title
Chu Brian -- Equity Title Of Nevada
Chu Brian $225,000 Equity Title Of Nevada
1623 Fourplex Llc -- --
Shapiro Melvin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chu Brian Chao $231,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2016 11/14/16 Sold $224,000 +6.7% $60 / Sq Ft
10/21/2016 10/21/16 For Sale $210,000 -- $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 $2,898 $106,896 $46,200 $60,696
2024 $2,687 $106,896 $46,200 $60,696
2023 $2,687 $102,829 $44,800 $58,029
2022 $2,489 $88,703 $32,900 $55,803
2021 $2,304 $78,472 $24,500 $53,972
2020 $2,218 $75,640 $21,000 $54,640
2019 $2,084 $74,545 $19,600 $54,945
2018 $1,989 $67,820 $14,000 $53,820
2017 $2,350 $80,128 $25,550 $54,578
2016 $1,867 $75,045 $18,200 $56,845
2015 $1,863 $73,895 $17,500 $56,395
2014 $1,805 $60,114 $17,500 $42,614
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Patrick Leibovici

    BHHS Nevada Properties

  • M

    Buyer's Agent in 2016

    Melissa Collins

    THE Brokerage A RE Firm

    4 in this area

    34 Total Sales

    Melissa Collins
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Source: Las Vegas REALTORS®

MLS Number: 1843717

Las Vegas REALTORS®

APN: 162-23-310-016

Nevada Clark County Las Vegas 89119

University District

This home since 21 October 2016 and is currently estimated at $726,789, approximately $194 per square foot. This property was built in 1982. This home is a home located in Clark County with nearby schools including Lewis E Rowe Elementary School, William E. Orr Middle School, and Del Sol Academy of the Performing Arts.

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