NOT LISTED FOR SALE

Summerlin South, NV 89135

South Summerlin Neighborhood

Estimated Value: $5,395,000 - $8,134,000

0.65 Acre
$10,586,191 Price per Acre
28,314 Sq Ft Lot

Last Sold November 19, 2020

Last sale price $3,750,000

Est. 83% increase in value since last sale

Current estimated payment $41,095/month

24 Days on Market

Highlights

  • On Golf Course
  • Gated Community
  • Property is in excellent condition
  • Judy & John L. Goolsby Elementary School Rated A-
  • 0.65 Acre Lot

About This Lot

As of November 2020

The Summit is Las Vegas’ most exclusive neighborhood. The Summit is an Uber-luxurious residential community located in the neighborhood of Summerlin. Spread across 555 acres of stunning desert landscape. The Summit Club is a members-only residential community featuring a Tom Fazio designed golf course, unique wellness and recreational programs, and 260 residences.

Last Agent to Sell the Property

Dale Ray Akridge

Summit Club Realty, LLC License #BS.1002454 Listed on: 10/25/2020

Last Buyer's Agent

Admin Assistant

NON-MLS OFFICE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $32,289

Lot Details

  • 0.65 Acre Lot
  • On Golf Course
  • Property is in excellent condition

HOA Fees

  • $1,400 Monthly HOA Fees

Utilities

  • Underground Utilities
  • Not Connected to Water Source
  • Not Connected to Sewer

Community Details

Overview

  • The Summit Comm Assc Association, Phone Number (702) 791-4600

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$32,289

Lot Details

0

HOA Fees

$1,400 per month

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.65
  • Road Surface Type: Paved
  • Directions: 215 EXIT TOWN CENTER (S), CROSS OVER FLAMINGO, TOWN CENTER (S) PRIVATE COMM. TO GUARD GATE.
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: On Golf Course
  • Property Condition: Excellent

Utilities

  • Security: Gated Community
  • Electric: Underground
  • Sewer: Not Connected (at lot), Public Sewer
  • Water Source: Not Connected (at lot), Public

Condo/Co-op/Association

  • Community Features: Gated
  • Association Fee: 16800.0
  • Association Fee Frequency: Annually
  • Association Name: The Summit Comm Assc
  • Phone: 702-791-4600
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Schools

Lot Info

  • Lot Size Sq Ft: 28312.0
  • Additional Parcels Description: ---
  • Zoning Description: Planned Unit Development,Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 32289.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2022
Sold by
Rpttd Vegas Llc
Bought by
Musser Family Trust
Current Estimated Value
$6,881,024

Purchase Details

Listed on
Oct 25, 2020
Closed on
Nov 17, 2020
Sold by
Schreck Frank A
Bought by
Rpttd Vegas Llc
Seller's Agent
Dale Ray Akridge
Summit Club Realty, LLC
Buyer's Agent
Admin Assistant
NON-MLS OFFICE
List Price
$3,750,000
Sold Price
$3,750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.07%

Purchase Details

Closed on
Apr 13, 2017
Sold by
Discovery Porperty Company Llc
Bought by
Schreck Frank A and The Frank A Schreck Living Trust
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
Musser Family Trust $6,250,000 First American Title
Rpttd Vegas Llc $3,750,000 First American Title Insu
Schreck Frank A $2,700,000 Nevada Title Las Vegas
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2020 11/19/20 Sold $3,750,000 0.0% --
10/25/2020 10/25/20 For Sale $3,750,000 -- --
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 $43,283 $2,660,455 $2,660,000 $455
2024 $43,283 $2,660,455 $2,660,000 $455
2023 $43,283 $2,100,453 $2,100,000 $453
2022 $40,077 $2,100,412 $2,100,000 $412
2021 $37,109 $1,330,387 $1,330,000 $387
2020 $34,453 $1,225,373 $1,225,000 $373
2019 $32,289 $1,225,398 $1,225,000 $398
2018 $30,799 $1,050,172 $1,050,000 $172
2017 $30,800 $1,050,000 $1,050,000 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Dale Ray Akridge

    Summit Club Realty, LLC

    (702) 970-2150

    8 in this area

    8 Total Sales

    Dale Ray Akridge
    Section Image

  • A

    Buyer's Agent in 2020

    Admin Assistant

    NON-MLS OFFICE

    (702) 260-1003

    120 in this area

    5,625 Total Sales

    Admin Assistant
    Section Image
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Source: Las Vegas REALTORS®

MLS Number: 2242353

Las Vegas REALTORS®

APN: 164-23-616-002

Nevada Clark County Summerlin South 89135

South Summerlin

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