NOT LISTED FOR SALE

Las Vegas, NV 89108

Michael Way Neighborhood

Estimated Value: $475,680 - $803,000

8 Beds
8 Baths
3,952 Sq Ft
$176/Sq Ft Est. Value

Last Sold June 11, 2013

Last sale price $171,000 $43 Per Sq Ft

Est. 272% increase in value since last sale

Current estimated payment $3,704/month

185 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Property is in very good condition
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of June 2013

100% OCCUPIED. FANTASTIC OPPORTUNITY! INVESTMENT PROPERTY! 4-2 BEDROOM/2BATH UNITS. PROPERTY HAS GRANITE COUNTER TOPS, SECURITY DOORS.

Last Agent to Sell the Property

Todtrese Williams

Williams-Shelton & Associates License #B.0040084 Listed on: 11/07/2012

Last Buyer's Agent

Roshi Mahban

Paragon Premier Properties License #S.0034560

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,258

Year Built

  • Built in 1985

Lot Details

  • 6,970 Sq Ft Lot
  • Property is in very good condition

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Pitched Roof
  • Stucco

Interior Spaces

  • 3,952 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Laundry Room

Flooring

  • Carpet
  • Ceramic Tile

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 9 / 3

Community Details

Overview

  • 6,216 Buildings
  • 2 Units
  • Sierra Oeste #2 Subdivision

Building Details

  • Maintenance Expense $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,258

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • CapRate: 10.81
  • Subdivision Name: SIERRA OESTE #2
  • Directions: East on Lake Mead from Rainbow, South on Lirio to Ilanos Lane.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1985
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2
  • Year Built: 1985

Interior Features

  • Number Of Buildings: 6216
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 3952.0
  • Window Features: Blinds

Exterior Features

  • Disclosures: Principal is Real Estate Licensed
  • Construction Type: Stucco
  • Property Condition: Resale, Very Good Condition
  • Roof: Pitched

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1200.0

Condo/Co-op/Association

  • Amenities: None

Lot Info

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

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 22815.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 1.0
  • Annual Operating Expense: 3900.0

Tax Info

  • Tax Annual Amount: 2258.0
  • Tax Block: 3
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2012
Closed on
Jun 5, 2013
Sold by
Durante Kirk and Durante Phyllis
Bought by
Zem Llc
Seller's Agent
Todtrese Williams
Williams-Shelton & Associates
Buyer's Agent
Roshi Mahban
Paragon Premier Properties
List Price
$177,000
Sold Price
$171,000
Premium/Discount to List
-$6,000
-3.39%
Current Estimated Value
$635,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$464,675
Avg. Annual Appreciation
11.24%

Purchase Details

Closed on
May 5, 2011
Sold by
Durante Kirk and Durante Phyllis
Bought by
Pentagon Trust

Purchase Details

Closed on
Dec 3, 2009
Sold by
Connaghan Inc
Bought by
Durante Kirk and Durante Phyllis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.01%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 21, 2008
Sold by
Bank Of New York
Bought by
Connaghan Inc

Purchase Details

Closed on
Oct 12, 2007
Sold by
Arciniega Anguiano Daniel
Bought by
Bank Of New York and Cwalt Inc Gsc Alternative Loan Trust

Purchase Details

Closed on
Mar 13, 2006
Sold by
Arciniega Lidia
Bought by
Arciniega Anguiano Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,500
Interest Rate
8%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 8, 2006
Sold by
Uribe Jose L
Bought by
Arciniega Anguiano Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,500
Interest Rate
8%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 9, 1998
Sold by
Uribe Jose L and Cruz Jose Manuel
Bought by
Uribe Jose L

Purchase Details

Closed on
Aug 6, 1998
Sold by
Cruz Jose Manuel and Cruz Janett F
Bought by
Cruz Jose Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,975
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 21, 1998
Sold by
Sparks Raymond and Sparks Bonnie
Bought by
Uribe Jose L and Cruz Jose Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,975
Interest Rate
6.88%
Mortgage Type
FHA
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
Zem Llc $171,000 Ticor Title Las Vegas
Pentagon Trust -- None Available
Durante Kirk $220,000 First American Title Paseo
Connaghan Inc $194,000 First American Title Howard
Bank Of New York $405,273 Fidelity National Title
Arciniega Anguiano Daniel -- National Title Company
Arciniega Anguiano Daniel $535,000 National Title Company
Uribe Jose L -- --
Cruz Jose Manuel -- Land Title
Uribe Jose L $190,000 Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zem Llc $186,000
Closed Zem Llc $123,500
Previous Owner Durante Kirk $165,000
Previous Owner Arciniega Anguiano Daniel $374,500
Previous Owner Uribe Jose L $120,000
Previous Owner Uribe Jose L $315,000
Previous Owner Uribe Jose L $217,000
Previous Owner Uribe Jose L $183,975
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2013 06/11/13 Sold $171,000 -3.4% $43 / Sq Ft
05/12/2013 05/12/13 Pending -- -- --
11/07/2012 11/07/12 For Sale $177,000 -- $45 / 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 $2,894 $118,869 $54,950 $63,919
2024 $2,680 $118,869 $54,950 $63,919
2023 $2,680 $107,724 $47,600 $60,124
2022 $2,482 $99,671 $42,000 $57,671
2021 $2,299 $88,290 $32,900 $55,390
2020 $2,131 $86,706 $30,800 $55,906
2019 $1,998 $85,490 $29,400 $56,090
2018 $1,906 $81,354 $26,600 $54,754
2017 $2,413 $73,596 $18,375 $55,221
2016 $1,785 $65,252 $15,400 $49,852
2015 $1,780 $61,153 $14,000 $47,153
2014 $1,725 $51,062 $11,200 $39,862
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2013

    Todtrese Williams

    Williams-Shelton & Associates

    (702) 239-1696

    22 Total Sales

    Section Image
  • Roshi Mahban

    Buyer's Agent in 2013

    Roshi Mahban

    Paragon Premier Properties

    (702) 400-4694

    1 in this area

    43 Total Sales

    Section Image
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Source: Las Vegas REALTORS®

MLS Number: 1299039

Las Vegas REALTORS®

APN: 138-23-711-034

Nevada Clark County Las Vegas 89108

Michael Way

This home since 07 November 2012 and is currently estimated at $694,670, approximately $175 per square foot. This property was built in 1985. 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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