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221 West New York Avenue

221 West New York Avenue, Las Vegas, NV 89102
Property in Gateway District
Sold Feb 19, 2020
$940,000
$538,000 by First Savings Bank
Mortgage
Sold Oct 29, 2018
$670,000
$476,000 by Bank Of The West
Mortgage
Local assessors in Las Vegas, NV have categorized 221 West New York Avenue as a residential type of property. The home was built in 1956 and is 68 years old. The property's lot size has been calculated to be 6,970 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Lots of a combination of material were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 221 West New York Avenue sold most recently in Feb 13, 2020 for a total of $940,000. If you work out the math, that's approximately a cost of $199.83 per sqft. Before that, the property was also sold for $670,000 in Oct 17, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,078 in taxes each year. 221 West New York Avenue was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $97,219. If we break it down further, the land itself was valued at $49,000. Improvements to the property, however, were assessed at a total of $48,219. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Combination
  • Floor Count: 2
  • Living Units: 10
  • Business/Commerical Units Count: 10
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 4,704
  • Gross Building Area: 4,704
  • Building Area: 4,704
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MEADOWS ADD
  • Land Acres: 0.16
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: MEADOWS ADD PLAT BOOK 1 PAGE 43 LOT 5 BLOCK 16 & LOT 6

Ownership

  • Current Owner : LEE KENNETH
  • Current Owner 2: LEE GRACE M
  • Previous Owner : CTW GROUP SERIES LLC
  • Owner Before Previous Owner: MICHAEL MAYS PROPERTIES LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Clark County School District
  • Census Tract: 001100

Zoning

  • Zoning: L:R-4

Geography

  • Assessors Map Reference: 162-004
  • District: LV
  • Parcel: 162-04-710-142
  • Block: 16
  • Lot: 5
  • Meridian: SEC 04 TWN 21S RNG 61E
  • Municipality: LAS VEGAS CITY
  • Latitude: 36.1507
  • Longitude: -115.159

    Address

  • Full Address: 221 W New York Ave
  • Address - House Number: 221
  • Street Direction: W
  • Address - Street Name: New York
  • Address - Suffix Type: Ave
  • State: NV
  • City Name: Las Vegas
  • Carrier Code: C024
  • 4-Digit Zip Code: 2638
  • Zip Code: 89102

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,078
  • Tax Rate Code Area: 203

    Appraisal Valuation

  • Standard Deviation: 0.3052
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 38
  • Final Value: 438,424
  • High Value: 572,265
  • Low Value: 304,582

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $538,000
  • First Open Lien Mortgage Lender: FIRST SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Feb 19, 2020
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $538,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Market Valuation

  • Market Total Value: $220,509
  • Market Land Value: $115,000
  • Market Improvement Value: $105,509

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $97,219
  • Assessed Land Value: $49,000
  • Assessed Improvements Value: $48,219

    Sales

  • Current Sale Contract Date: Feb 13, 2020
  • Current Sale Recording Date: Feb 19, 2020
  • Current Sale Transaction ID: 11737084136
  • Current Sale Price: $940,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 20200219-0001976
  • Previous Sale Recording Date: Oct 29, 2018
  • Previous Sale Contract Date: Oct 17, 2018
  • Previous Sale Amount: $670,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST SAVINGS BANK
  • First Mortgage Transaction Date: Feb 19, 2020
  • First Mortgage Loan Amount: $538,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF THE WEST
  • Previous Mortgage Transaction Date: Oct 29, 2018
  • Previous Mortgage Loan Amount: $476,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Gateway District



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Frequently Asked Questions

What neighborhood is 221 West New York Avenue located in?
The 221 West New York Avenue is a located in the neighborhood of Gateway District in Gateway District, Las Vegas.
What is the average sales price for listings in 221 West New York Avenue?
The average sales price for units in 221 West New York Avenue is $0 currently.

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