NOT LISTED FOR SALE

Estimated Value: $609,185 - $625,000

8 Beds
4 Baths
3,212 Sq Ft
$192/Sq Ft Est. Value

Last Sold September 13, 2023

Last sale price $580,000 $181 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,380/month

27 Days on Market

Highlights

  • Community Pool
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of September 2023

Beautiful four-plex building located in Lake Mead Villas. All units are leased. Community features a pool. Each unit has separate power meters. Water is for the entire building.

Last Agent to Sell the Property

Wasim Faranesh

Faranesh Real Estate Brokerage Phone: 702-536-9000 License #B.0143592 Listed on: 07/21/2023

Last Buyer's Agent

Jason White

Simply Vegas License #S.0197301

Simply Vegas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,588

Year Built

  • Built in 1986

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Stucco

Interior Spaces

  • 3,212 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Tile

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection, water

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include management, trash
  • 4 Units
  • Lake Mead Villas Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,588

Year Built

Built in 1986

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Subdivision Name: Lake Mead Villas
  • Directions: E on Lake Mead right into Cape Cod Village just before Lamb to bldg #5
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1986
  • ResoPropertyType: Residential
  • Attribution Contact: 702-536-9000
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1986

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Flooring: Carpet, Tile
  • Interior Amenities: None
  • Living Area: 3212.0

Exterior Features

  • Construction Type: Stucco
  • Property Condition: Good Condition, Resale
  • Roof: Other

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Pool
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Trash

Schools

Lot Info

  • Lot Size Sq Ft: 7405.0
  • Additional Parcels Description: ---
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: TwelveMonths
  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1588.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Sep 8, 2023
Sold by
Roger Charles Lamer Revocable Trust
Bought by
Penida Marco A and Figueroa Vanessa
Seller's Agent
Wasim Faranesh
Faranesh Real Estate
Buyer's Agent
Jason White
Simply Vegas
List Price
$588,800
Sold Price
$580,000
Premium/Discount to List
-$8,800
-1.49%
Views
271
Current Estimated Value
$617,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,546
Avg. Annual Appreciation
2.53%
Original Mortgage
$406,000
Outstanding Balance
$395,834
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$221,712

Purchase Details

Closed on
Jul 2, 2004
Sold by
Buros Pamela
Bought by
Castro Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.37%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Penida Marco A $580,000 Security 1St Title
Castro Richard $250,000 Ticor Title Of Nevada Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Penida Marco A $406,000
Previous Owner Castro Richard $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2023 09/13/23 Sold $580,000 -1.5% $181 / Sq Ft
08/17/2023 08/17/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $588,800 -- $183 / 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 $2,000 $100,815 $47,950 $52,865
2025 $1,851 $96,187 $42,350 $53,837
2024 $1,715 $96,187 $42,350 $53,837
2023 $1,715 $91,238 $40,600 $50,638
2022 $1,588 $81,741 $33,250 $48,491
2021 $1,538 $74,532 $28,000 $46,532
2020 $1,476 $72,276 $25,200 $47,076
2019 $1,408 $69,873 $22,750 $47,123
2018 $1,343 $62,662 $16,800 $45,862
2017 $1,783 $59,821 $14,525 $45,296
2016 $1,273 $59,598 $12,600 $46,998
2015 $1,272 $57,726 $11,200 $46,526
2014 $1,233 $40,552 $7,000 $33,552
Source: Public Records

Agents Affiliated with this Home

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Source: Las Vegas REALTORS®

MLS Number: 2513611

Las Vegas REALTORS®

APN: 140-19-712-031

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