NOT LISTED FOR SALE

Las Vegas, NV 89108

Michael Way Neighborhood

Estimated Value: $721,000 - $913,000

12 Beds
8 Baths
4,432 Sq Ft
$183/Sq Ft Est. Value

Last Sold April 16, 2012

Last sale price $210,000 $47 Per Sq Ft

Est. 286% increase in value since last sale

Current estimated payment $4,572/month

22 Days on Market

Highlights

  • No HOA
  • ENERGY STAR Qualified Air Conditioning
  • Ceramic Tile Flooring
  • Balcony
  • Patio
  • Central Heating

About This Home

As of April 2012

**CASH FLOW! 100% OCCUPIED *** BIG BUILDING.ALL 4 UNITS ARE 3BEDROOMS & 2 BATH. NEW EXTERIOR AND INTERIOR PAINT. UPSTAIRS UNITS HAVE BALCONEYS DOWNSTAIRS UNITS HAVE LARGE FENCED YARDS. UNITS ARE ALL TILE, BIG EAT IN KITCHENS, BOTH LOWER UNITS HAVE BEEN COMPLETELY REMODELED WITH NEW CABINETS AND COUNTERTOPS. LAUNDRY IN ALL UNITS.

Last Agent to Sell the Property

John Knowlton

West Capital Real Estate & Inv License #B.0041229 Listed on: 02/23/2012

Last Buyer's Agent

Roshi Mahban

Paragon Premier Properties License #S.0034560

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,085

Year Built

  • Built in 1990

Lot Details

  • 6,970 Sq Ft Lot
  • Property is in excellent condition

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Wood Frame Construction
  • Stucco

Interior Spaces

  • 4,432 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Ceramic Tile Flooring

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio

Utilities

  • ENERGY STAR Qualified Air Conditioning
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 31 / 1

Community Details

Overview

  • No Home Owners Association
  • Sierra Oeste #2 Subdivision

Building Details

  • Maintenance Expense $600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,085

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • CapRate: 12.5
  • Subdivision Name: SIERRA OESTE #2
  • Directions: FROM THE 95/JONES GO NORTH TO LAKE MEAD. WEST ONE BLOCK TO ARPA SOUTH TO 1929 ARPA ON THE RIGHT.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1990
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2
  • Year Built: 1990

Interior Features

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

Exterior Features

  • Construction Type: Stucco, Wood Frame
  • Patio And Porch Features: Balcony, Patio
  • Property Condition: Excellent, Resale
  • Roof: Flat

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Cooling: ENERGY STAR Qualified Equipment
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 2280.0

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Lot Info

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

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 32718.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 600.0
  • Annual Operating Expense: 5859.0

Tax Info

  • Tax Annual Amount: 2085.0
  • Tax Block: 1
  • Tax Lot: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2012
Closed on
Mar 16, 2012
Sold by
Storch Maurice
Bought by
Mashhadian Tal and Mashhadian Rebecca D
Seller's Agent
John Knowlton
West Capital Real Estate & Inv
Buyer's Agent
Roshi Mahban
Paragon Premier Properties
List Price
$214,900
Sold Price
$210,000
Premium/Discount to List
-$4,900
-2.28%
Current Estimated Value
$809,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$599,907
Avg. Annual Appreciation
10.35%
Original Mortgage
$127,500
Outstanding Balance
$89,111
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$700,246

Purchase Details

Closed on
Feb 8, 2011
Sold by
Federal National Mortgage Association
Bought by
Storch Maurice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,450
Interest Rate
4.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2010
Sold by
Lopez Jose L and Lopez Noemi
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 5, 2005
Sold by
Aistars Arnis and Aistars Ellen
Bought by
Lopez Jose L and Lopez Noemi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2003
Sold by
Keagy Robert L and Keagy Susan R
Bought by
Aistars Arnis and Aistars Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,625
Interest Rate
2.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 12, 2002
Sold by
S D S Doom Llc
Bought by
Keagy Robert L and Keagy Susan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
6.84%

Purchase Details

Closed on
Oct 5, 2001
Sold by
Doom Sherry M
Bought by
S D S Doom Llc

Purchase Details

Closed on
Mar 27, 2000
Sold by
Arellano William M and Arellano Mary Lou
Bought by
Doom Sherry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
8.22%
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
Mashhadian Tal $210,000 Ticor Title Las Vegas
Storch Maurice $152,600 Lawyers Title Of Nevada Hen
Federal National Mortgage Association $129,900 Accommodation
Lopez Jose L $535,000 Lawyers Title Of Nevada
Aistars Arnis $325,000 Equity Title Of Nevada
Keagy Robert L $260,000 Old Republic Title Company
S D S Doom Llc -- --
Doom Sherry $235,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mashhadian Tal $127,500
Previous Owner Storch Maurice $114,450
Previous Owner Lopez Jose L $428,000
Previous Owner Aistars Arnis $242,625
Previous Owner Keagy Robert L $234,000
Previous Owner Doom Sherry $211,500
Closed Aistars Arnis $32,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2012 04/16/12 Sold $210,000 -2.3% $47 / Sq Ft
03/17/2012 03/17/12 Pending -- -- --
02/23/2012 02/23/12 For Sale $214,900 -- $48 / 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 $3,544 $141,596 $54,950 $86,646
2024 $3,282 $141,596 $54,950 $86,646
2023 $2,185 $128,140 $47,600 $80,540
2022 $3,039 $118,851 $42,000 $76,851
2021 $2,814 $106,559 $32,900 $73,659
2020 $2,610 $104,519 $30,800 $73,719
2019 $2,446 $103,072 $29,400 $73,672
2018 $2,334 $98,324 $26,600 $71,724
2017 $2,963 $90,385 $18,375 $72,010
2016 $2,185 $79,861 $15,400 $64,461
2015 $2,180 $74,734 $14,000 $60,734
2014 $2,113 $62,530 $11,200 $51,330
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    John Knowlton

    West Capital Real Estate & Inv

    (702) 338-3307

    45 Total Sales

    John Knowlton
    Section Image
  • Roshi Mahban

    Buyer's Agent in 2012

    Roshi Mahban

    Paragon Premier Properties

    (702) 400-4694

    1 in this area

    42 Total Sales

    Roshi Mahban
    Section Image
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Source: Las Vegas REALTORS®

MLS Number: 1228444

Las Vegas REALTORS®

APN: 138-23-711-011

Nevada Clark County Las Vegas 89108

Michael Way

This home since 23 February 2012 and is currently estimated at $809,907, approximately $182 per square foot. This property was built in 1990. 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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