NOT LISTED FOR SALE

Las Vegas, NV 89115

Estimated Value: $505,537 - $627,000

8 Beds
4 Baths
3,212 Sq Ft
$182/Sq Ft Est. Value

Sale Details

Date Sold: August 25, 2016

Last sale price $200,000 $62 Per Sq Ft

Est. 193% increase in value since last sale

Current estimated payment $3,320 / mo

77 Days on Market

Highlights

  • Community Pool
  • Landscaped
  • Ceiling Fan
  • Community Playground
  • Central Heating and Cooling System
  • Wood Siding

About This Home

As of August 2016

Turn Key Investment property 100% occupied. On site Leasing and Management staff available. Monthly HOA of $555 includes all Exterior Building Maintenance, Bld Insurance, Sewer, Trash, Grounds. Current leases are $575-$600 but units are now leasing for $650-$675!

Last Agent to Sell the Property

David Simonson

Summerlin West Realty License #B.0144655 Listed on: 05/09/2016

Last Buyer's Agent

Paul Thompson

Nationwide Realty LLC License #S.0068500

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,340

Year Built

  • Built in 1988

Lot Details

  • 7,841 Sq Ft Lot
  • Landscaped
  • Property is in good condition

Parking

  • 4 Parking Spaces

Home Design

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

Interior Spaces

  • 3,212 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Carpet

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, water
  • Legal Lot and Block 19 / 1

Community Details

Overview

  • Association fees include insurance, ground maintenance, recreation facilities, reserve fund, sewer, trash
  • Lake Mead Villas Unit #2 Subdivision

Recreation

  • Community Playground
  • Community Pool
  • Community Spa

Building Details

  • Maintenance Expense $1,208
  • Professional Management Expense $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,340

Year Built

Built in 1988

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • CapRate: 7.44
  • Professional Management Expense: 2000.0
  • Subdivision Name: LAKE MEAD VILLAS UNIT #2
  • Directions: Near Corner of East Lake Mead and Lamb. Turn south on Dwarf Star off East Lake Mead
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1988
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1988

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Oven, Range, Refrigerator, Range Hood, Washer
  • Flooring: Carpet, Resilient
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 3212.0
  • Window Features: Blinds

Exterior Features

  • Construction Type: Stucco, Wood Siding, Wood Frame
  • Property Condition: Good Condition, Resale
  • Roof: Pitched

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1257.0

Condo/Co-op/Association

  • Amenities: Landscaping, Playground, Pool, Spa/Hot Tub
  • Association Fee: 555.0

Fee Information

  • Association Fee Includes: Insurance, Maintenance Grounds, Recreation Facilities, Reserve Fund, Sewer, Trash

Lot Info

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

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 26292.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 1208.0
  • Annual Operating Expense: 11940.0

Tax Info

  • Tax Annual Amount: 1340.0
  • Tax Block: 1
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2016
Closed on
Aug 10, 2016
Sold by
Garcia Jorge
Bought by
Gil Sandra
Seller's Agent
David Simonson
Summerlin West Realty
Buyer's Agent
Paul Thompson
Nationwide Realty LLC
List Price
$200,000
Sold Price
$200,000
Current Estimated Value
$585,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,179
Avg. Annual Appreciation
11.79%
Original Mortgage
$100,000
Outstanding Balance
$78,759
Interest Rate
3.42%
Mortgage Type
Unknown
Estimated Equity
$506,420

Purchase Details

Listed on
May 9, 2016
Closed on
Aug 9, 2016
Sold by
Shim Hyeonduck John and Shim Jaihee Lee
Bought by
Gil Sandra
Seller's Agent
David Simonson
Summerlin West Realty
Buyer's Agent
Paul Thompson
Nationwide Realty LLC
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Outstanding Balance
$78,759
Interest Rate
3.42%
Mortgage Type
Unknown
Estimated Equity
$506,420

Purchase Details

Closed on
Apr 29, 2002
Sold by
Shim Hyeonduck John and Shim Jaihee Lee
Bought by
Shim Hyeonduck John and Shim Jaihee Lee

Purchase Details

Closed on
Oct 15, 2001
Sold by
Shim H John and Shim Jai Hee L
Bought by
Shim Hyeonduck John and Shim Jaihee Lee

Purchase Details

Closed on
Jul 19, 2001
Sold by
Brezic Bryan and Pippin Cheryl L
Bought by
Shim H John and Shim Jai Hee L

Purchase Details

Closed on
Sep 30, 1996
Sold by
Brezic Bryan and Brezic Raymond J
Bought by
Brezic Bryan and Brezic Family Trust

Purchase Details

Closed on
Sep 27, 1996
Sold by
Brezic Audrey J
Bought by
Brezic Raymond J and Brezic Bryan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gil Sandra -- National Title Co
Gil Sandra $200,000 National Title Co
Shim Hyeonduck John -- --
Shim Hyeonduck John -- --
Shim H John $188,500 Old Republic Title Company
Brezic Bryan -- --
Brezic Bryan -- --
Brezic Bryan -- --
Brezic Raymond J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gil Sandra $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2016 08/25/16 Sold $200,000 0.0% $62 / Sq Ft
07/26/2016 07/26/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $200,000 -- $62 / Sq Ft
Source: Las Vegas REALTORS®

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
2026 $2,353 $105,691 $47,950 $57,741
2025 $2,179 $101,022 $42,350 $58,672
2024 $2,405 $101,022 $42,350 $58,672
2023 $2,405 $95,536 $40,600 $54,936
2022 $1,869 $85,741 $33,250 $52,491
2021 $1,731 $78,269 $28,000 $50,269
2020 $1,604 $75,961 $25,200 $50,761
2019 $1,503 $73,470 $22,750 $50,720
2018 $1,434 $66,092 $16,800 $49,292
2017 $1,883 $63,221 $14,525 $48,696
2016 $1,344 $62,952 $12,600 $50,352
2015 $1,340 $60,985 $11,200 $49,785
2014 $1,299 $42,844 $7,000 $35,844
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    David Simonson

    Summerlin West Realty

  • P

    Buyer's Agent in 2016

    Paul Thompson

    Nationwide Realty LLC

See All Agents

Source: Las Vegas REALTORS®

MLS Number: 1630210

Las Vegas REALTORS®

APN: 140-19-711-036

Nevada Clark County Las Vegas

89115

Not Listed for Sale

MultiFamily

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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 2026 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.

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